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Stock Market & Financial Investment News

News Breaks
January 6, 2014
04:55 EDTATML, ATML, ATML, ATML, MU, MU, MU, MU, GLW, GLW, GLW, GLW, ARMH, ARMH, ARMH, ARMH, NVDA, NVDA, NVDA, NVDA, BRCM, BRCM, BRCM, BRCM, QCOM, QCOM, QCOM, QCOM, TIVO, TIVO, TIVO, TIVO, INTC, INTC, INTC, INTC, SSNLF, SSNLF, SSNLF, SSNLF, STM, STM, STM, STMBernstein to hold events at CES
Bernstein Events at CES 2014 to be held in Las Vegas on January 6-9.
News For STM;SSNLF;INTC;TIVO;QCOM;BRCM;NVDA;ARMH;GLW;MU;ATML From The Last 14 Days
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March 12, 2015
14:00 EDTINTCHP removed from Focus List at Citigroup
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13:06 EDTMU, INTCHP rises fractionally despite Barclays downgrade, Intel guidance cut
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12:44 EDTINTCIntel price target lowered to $40 from $50 at Drexel Hamilton
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12:29 EDTINTCOn The Fly: Midday Wrap
Stocks on Wall Street were sharply higher at midday. A slight bounce in the euro overnight lifted overseas markets and U.S. stocks followed. Stock futures were higher during early pre-market trading, then strengthened further following the report of lower than expected retail sales figures for last month, which gave investors hope the Fed will wait longer to raise interest rates. ECONOMIC EVENTS: In the U.S., headline retail sales fell 0.6% in February compared to the prior month, missing expectations for an increase of 0.3%. Retail sales excluding autos and gas declined 0.2%, versus the consensus estimate for a month-over-month increase of 0.3%. Initial jobless claims fell to 289K in the week ended March 7, versus the consensus forecast for 305K first-time claims. Business inventories were flat in January, versus the consensus forecast for them to grow 0.1%. In Asia, the Bank of Korea cut rates for the third time since last August, lowering its base rate to the historical low level of 1.75%. The decision came as a surprise, more in terms of the timing than the cut itself. Data from China showed the nation’s M2 money supply growth picked up in February and its banks’ new loan creation came in higher than expected as well. COMPANY NEWS: Shares of Intel (INTC) fell 4% after the chip-making giant lowered its Q1 revenue outlook to $12.8B, plus or minus $300M, compared to the previous expectation of $13.7B, plus or minus $500M, citing weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. Some other stocks levered to PCs also slid, with Microsoft (MSFT) declining 2% and Advanced Micro Devices (AMD) sliding 3.5%. Hewlett-Packard (HPQ) shares were up fractionally, despite Intel's news and the fact that Barclays downgraded HP's stock this morning to Equal Weight, saying the weak euro could impact demand for PCs and printers... Citi (C), American Express (AXP) and Regions Financial (RF) were identified by analysts as being among the winners following the Fed's recently completed Comprehensive Capital Analysis and Review, or CCAR. Analysts were more cautious on Bank of America (BAC), after the Fed identified deficiencies in the bank's capital planning process and ordered it to resubmit its plan, but allowed it to proceed with its capital plan in the meantime. MAJOR MOVERS: Among the notable gainers was Amarin (AMRN), which jumped 27% after H.C. Wainwright upgraded the stock to Buy and raised its price target for shares to $10 from $2.50, citing management's commitment to completing the Vascepa outcomes' study REDUCE-IT. Also higher was Lumber Liquidators (LL), which rose 12.5% after the company held a call to update on the impact that 60 Minutes' recent critical report has had on its business. As part of the call, the flooring retailer reported on its recent sales trends, gave Q1 guidance and said it believes its cash flow from operations and existing liquidity sources will be sufficient to fund operations and anticipated capital expenditures for the "foreseeable future." Among the noteworthy losers was ACADIA (ACAD), which dropped 25% after announcing that it will delay submitting its NUPLAZID NDA for the treatment of Parkinson’s disease psychosis by two or three quarters and reporting that its CEO has retired. Also lower following their first earnings reports since coming public was Box, Inc. (BOX), which dropped 15%. INDEXES: Near midday, the Dow was up 183.31, or 1.04%, to 17,818.70, the Nasdaq was up 26.68, or 0.55%, to 4,876.62, and the S&P 500 was up 18.56, or 0.91%, to 2,058.80.
11:04 EDTMU, INTCIntel cut on PC weakness a slight negative for Micron, Marvell, says Ladenburg
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10:06 EDTQCOM, INTCQualcomm could lose 'important part' of Apple business, The Information says
Qualcomm (QCOM) could lose "an important part" of its business at Apple (AAPL) to new component makers and Intel (INTC), said The Information's Amir Efrati. Reference Link
09:54 EDTMU, INTCPiper calls Intel warning 'disappointing,' keeps Overweight rating
Piper Jaffray calls Intel's (INTC) reduced Q1 outlook "disappointing" but says it continues to expect a modest consumer refresh cycle later this year to partially offset the declines in the corporate segment. It keeps an Overweight rating on Intel. Piper notes it still views Micron (MU) positively despite the weakness in PCs highlighted by Intel. It finds the stock attractively valued.
09:52 EDTINTCIntel falls after warning on Q1, levels to watch
Shares are down 3.5% to $31.21 at time of writing. At that price support is at the session low at $30.58 and then at $29.65. Resistance is at $31.99. The bearish head and shoulders top we noted earlier this week is now active, with downside potential to the $27 area.
09:43 EDTATML, STM, INTC, NVDAIntel revenue cut weighs on semiconductor names
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09:07 EDTINTCIntel volatility elevated into lower Q1 revenue outlook
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09:04 EDTINTCMicrosoft drops after Intel cuts Q1 revenue outlook on PC weakness
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09:02 EDTINTCIntel cuts Q1 revenue view to $12.8B plus or minus $300M, consensus $13.7B
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09:01 EDTINTCIntel cuts Q1 revenue outlook
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08:32 EDTBRCM, INTCJPMorgan says report of Intel iPhone win makes sense
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08:18 EDTINTCANSYS announces collaboration with Intel
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08:09 EDTARMHSilicon Laboratories announces collaboration with ARM
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07:08 EDTATML, NVDAWedbush to hold a round-up
2015 Semiconductor Spring Round-Up is being held in Silicon Valley, California on March 12.
06:08 EDTQCOMStocks with implied volatility below IV index mean; AMZN QCOM
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06:07 EDTTIVOAereo gets approval to sell assets to TiVo, RPX, WSJ reports
Aereo has received approval from a bankruptcy judge for the sale of its technology and remaining assets to TiVo (TIVO) and RPX (RPXC), The Wall Street Journal reports. TiVo has acquired Aereo's customer lists, names and other trademarks for $1M, while RPX bought $225,000 for its patent portfolio. Reference Link
05:58 EDTSSNLFSamsung to trade renminbi in South Korea, Financial Times reports
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