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Stock Market & Financial Investment News

News Breaks
June 10, 2014
18:40 EDTOXM, AIG, SYNA, ULTA, PSECOn The Fly: After Hours Movers
HIGHER: Synaptics (SYNA), up 17.62% after acquiring Renesas SP Drivers for $475M, and raising its Q4 revenue guidance to reflect the acquisition... Prospect Capital Corporation (PSEC), up 5.3% after not being required to restate historic financial statements. UP AFTER EARNINGS: Ulta Salon (ULTA), up 8.49% after reporting better than expected Q1 results, giving Q2 guidance, and reaffirming FY14 guidance. LOWER: AIG (AIG), down fractionally after naming Peter Hancock as president and CEO, effective September 1. DOWN AFTER EARNINGS: Oxford Industries (OXM), down 1.3% after reporting Q1 earnings, giving disappointing Q2 guidance, and backing its FY14 EPS and revenue guidance.
News For SYNA;PSEC;ULTA;AIG;OXM From The Last 14 Days
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May 26, 2015
20:51 EDTOXMCitigroup to hold a conference
Global Consumer Conference is being held in New York on May 27-28.
17:37 EDTULTAUlta Salon initiated with a Buy at Buckingham
Target $182.
08:06 EDTULTAUlta Salon valuation supported by continued execution, says Baird
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May 22, 2015
10:38 EDTSYNAMizuho says buy NXP, Micron, ON Semi
Mizuho Securities initiated coverage of a number of chip makers in a note to investors last night. Among its recommendation in the space, NXP Semiconductors (NXPI), Micron (MU), and ON Semiconductor (ON) were called out with Buy ratings. NXP: NXP Semiconductors dominates the mobile payment market with its NFC products, Mizuho analyst Vijay Rakesh wrote. The company's NFC chips are used in Apple's (AAPL) Apple Pay and NXP has a strong mobile payment ecosystem in China, the analyst explained. NXP Semiconductors is also a leader in providing chips used to enhance credit card security, as its Chip+Pin system has a 75% share of the global market and is in the process of being deployed in the U.S, according to Rakesh. Going forward, NXP's growth should be driven by the automotive products of Freescale, which the company acquired earlier this year, the analyst stated, adding that NXP should derive strong synergies and cash flow from the deal. He set a $140 price target on the stock. MICRON: Sales of flash memory device maker Micron's DRAM products should be boosted by a PC rebound in the second half of this year, according to Rakesh. Additionally, the company's new CFO could make its actions more predictable, pleasing investors, the analyst stated. ON: ON Semiconductor should benefit from its acquisition of Aptina, which gave ON a significant presence in the Advanced Driver Assistance Systems, or ADAS, market, Rakesh believes. ADAS is likely to grow rapidly around the world, driven by mandates, the analyst predicted. A second positive catalyst for ON will be the proliferation of wireless charging, added the analyst, who set a $16 price target on the shares. PRICE ACTION: In early trading, NXP rose nearly 1% to trade nearly $108, Micron gained 2.6% to $27.61, and ON was fractionally higher. Other semiconductor makers initiated with Buy ratings by the firm include Skyworks (SWKS), Synaptics (SYNA), Avago (AVGO) and Cypress Semiconductor (CY).
09:58 EDTSYNAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allison Transmission (ALSN) initiated with a Buy at Stifel... Avago (AVGO) initiated with a Buy at Mizuho... Blackstone (BX) initiated with a Positive at Susquehanna... Cellectis (CLLS) initiated with an Outperform at Oppenheimer... Cypress Semiconductor (CY) initiated with a Buy at Mizuho... Esperion (ESPR) initiated with a Sell at Chardan... H&R Block (HRB) initiated with an Overweight at Piper Jaffray... Horizon Pharma (HZNP) initiated with an Outperform at Leerink... M/A-COM (MTSI) initiated with a Buy at Goldman... Meritor (MTOR) initiated with a Hold at Stifel... Micron (MU) initiated with a Buy at Mizuho... Monster Worldwide (MWW) initiated with a Neutral at Piper Jaffray... NXP Semiconductors (NXPI) initiated with a Buy at Mizuho... National Storage (NSA) initiated with a Sector Weight at KeyBanc... ON Semiconductor (ON) initiated with a Buy at Mizuho... Qorvo (QRVO) initiated with a Buy at Goldman... SanDisk (SNDK) initiated with a Neutral at Mizuho... Sharps Compliance (SMED) initiated with a Buy at Stifel... Skyworks (SWKS) initiated with a Buy at Mizuho... StemCells (STEM) initiated with a Buy at Cantor... Synaptics (SYNA) initiated with a Buy at Mizuho... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Canaccord... Texas Instruments (TXN) initiated with a Neutral at Mizuho... TriNet (TNET) initiated with a Neutral at Piper Jaffray... Vascular Biogenics (VBLT) initiated with a Buy at Roth Capital... Verifone (PAY) initiated with an Outperform at Imperial Capital... uniQure (QURE) initiated with an Outperform at Oppenheimer.
07:37 EDTSYNASynaptics price target raised to $105 from $95 at JPMorgan
JPMorgan raised its price target for Synaptics to $105 saying it is incrementally positive following the company's presentation at its conference. The firm believes Synaptics is executing well and reiterates an Overweight rating on the stock.
May 21, 2015
16:14 EDTSYNASynaptics initiated with a Buy at Mizuho
Target $115.
May 20, 2015
08:05 EDTAIGAIG acquires controlling stake in ING Employee Benefits Global Network
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May 15, 2015
17:15 EDTAIGPaulson & Co. gives quarterly update on stakes
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10:55 EDTAIGJANA Partners gives quarterly update on stakes
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May 14, 2015
16:26 EDTAIGAIG files automatic mixed securities shelf
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May 13, 2015
08:45 EDTAIGAIG names Brian Schreiber as Chef Strategy Officer
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07:29 EDTPSECUBS to hold a conference
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