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Stock Market & Financial Investment News

News For SSNLF;MU From The Last 14 Days
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July 6, 2015
18:22 EDTMUAMD plummets after PC headwinds result in lower Q2 revenue view
Shares of semiconductor maker AMD (AMD) are sliding after the company reduced its second quarter revenue view. WHAT'S NEW: AMD lowered its Q2 revenue view to down 8% sequentially from a prior view of decreasing 3%, plus or minus 3% that the company gave with its first quarter earnings results back in April. The company attributed the decreased view for revenue to weaker than expected consumer PC demand. Along with its lower Q2 revenue view the chip maker lowered its Q2 non-GAAP gross margin view to approximately 28%, compared to the previous non-GAAP guidance of approximately 32% primarily due to a higher mix of Enterprise, Embedded and Semi-Custom segment sales and lower than anticipated Computing and Graphics segment APU unit volumes due to weaker than expected OEM PC product demand. WHAT'S NOTABLE: Shares of PC related stocks have been struggling recently after several research firms issued cautious views on the group. On May 19, Morgan Stanley said it was more cautious on PC names near-term, given PC and HDD inventory builds quarter-to-date and weaker April ODM sales. The firm's analyst team at the time said it continued to believe Q1 was a bottom in year-over-year growth, but now expects normal Q2 seasonal growth instead of above normal and thinks any recovery will likely be delayed until Q3. On June 23, JP Morgan issued a cautious note on hard disk drive makers Western Digital (WDC) and Seagate Technology (STX), citing continuing negative PC data. The firm said it saw little evidence that fundamentals in the PC space were improving, citing negative comments on PC demand from HP (HPQ), Avago (AVGO), and Micron (MU) over the last month. More recently, on June 25, chip maker Micron reported third quarter results and current quarter guidance below expectations, citing near term headwinds attributable to PC headwinds. PRICE ACTION: Shares of AMD are down over 14% in after-hours trading to $2.12. OTHERS TO WATCH: Other companies that may be exposed to PC weakness include Microsoft Corporation (MSFT), Intel Corporation (INTC), NVIDIA (NVDA), SanDisk (SNDK), and Apple (AAPL).
16:00 EDTMUOptions Update; July 6, 2015
iPath S&P 500 VIX Short-Term Futures up 50c to 20.47 Option volume leaders: AAPL MU BAC FB CHK PBR ODP BABA INTC F TSLA DHR CVX AAL FCX ABX.
07:00 EDTSSNLFReport: Samsung to mass produce mirror, transparent OLED displays, DigiTimes say
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06:05 EDTMUStocks with implied volatility below IV index mean; MU WMB
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July 5, 2015
14:16 EDTSSNLFFacebook, Microsoft could see hefty 'goodwill' charges, Barron's says
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July 2, 2015
16:04 EDTMUOptions Update; July 2, 2015
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14:14 EDTSSNLFFitbit shares tack on gains as analyst confidence grows
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11:27 EDTMUMicron management to meet with Jefferies
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06:40 EDTSSNLFReport: Apple may receive OLED displays from Samsung for watch, DigiTimes says
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06:16 EDTSSNLFGlass Lewis recommends Samsung C&T holders reject merger with Cheil, WSJ says
Glass Lewis recommended that shareholders of Samsung C&T reject the proposed merger with Cheil Industries, stating that the merger had "questionable strategic merits," reports the Wall Street Journal. Reference Link
06:06 EDTMUStocks with implied volatility below IV index mean; MU SINA
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July 1, 2015
06:24 EDTSSNLFCourt rejects Elliottís motion to block Cheil-Samsung C&T merger, WSJ says
A South Korean court rejected a motion by U.S. hedge fund Elliott to block Cheilís proposed $8B takeover of Samsung C&T, the Wall Street Journal reports. Elliott, which holds a 7.1% stake in Samsung C&T, claims that the move undervalues Samsung C&T, the report says. Reference Link
06:01 EDTMUStocks with implied volatility below IV index mean; MU NTAP
Stocks with implied volatility below IV index mean; Micron (MU) 38, NetApp (NTAP) 23 according to iVolatility.
05:54 EDTSSNLFStagnant tablet demand to continue in 2H15, DigiTimes reports
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05:53 EDTSSNLFSamsung ramps up shipments of OLED panels, DRAM chips to channels, DigiTimes say
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June 30, 2015
09:35 EDTMUMicron initiated with a Buy at Standpoint Research
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09:35 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
09:10 EDTMUSanDisk shares look oversold, says Argus
After SanDisk's (SNDK) stock dropped further in the wake of Micron's (MU) weak results, Argus says that NAND pricing appears to be stable to improving. The firm thinks that SanDisk's stock more than adequately reflects the challenges facing the company, and it reiterates a Buy rating on the shares.
06:58 EDTSSNLFSprint to roll out $80 a month 'All-in' plan, Reuters reports
Sprint (S) will today launch an $80 a month "All-in" cellular phone plan, Reuters reports. Chief Marketing Officer Kevin Crull says the plan will offer unlimited talk, text and data at $60, plus $20 to lease phones like the iPhone 6 (AAPL) and Samsung (SSNLF) Galaxy S6. Reference Link
06:30 EDTSSNLFCheil to boost dividends if Samsung C&T merger is approved, WSJ says
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