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Stock Market & Financial Investment News

News Breaks
February 22, 2013
11:42 EDTUCO, INFY, AVGO, FE, TPXStocks with increasing implied volatility: TPX AVGO UCO FE INFY
News For TPX;AVGO;UCO;FE;INFY From The Last 14 Days
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July 31, 2015
10:11 EDTTPXHigh option volume stocks
High option volume stocks: CMPR TPX WMC YRCW VTL HBI RNG MXWL GLF EXPE
July 30, 2015
17:40 EDTAVGOIRS not assuring Broadcom Holders that Avago takeover tax-free, WSJ says
The IRS is not assuring that the Avago (AVGO) takeover of Broadcom (BRCM) will be tax-free to Broadcom shareholders, says the Wall Street Journal. Reference Link
16:55 EDTFEFirstEnergy sees Q2 EPS 82c-92c, consensus 92c
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16:55 EDTFEFirstEnergy reaffirms 2015 EPS outlook $2.40-$2.70, consensus $2.59
16:54 EDTFEFirstEnergy reports Q2 EPS 44c, consensus 48c
Reports Q2 revenue $3.5B, consensus $3.32B. Total Q2 distribution deliveries decreased less than 1% compared to the Q2 of 2014, primarily reflecting lower usage by customers resulting, in part, from energy efficiency mandates. Commercial deliveries increased 1%, while sales decreased 1% in both the residential and industrial sectors.
16:28 EDTTPXTempur Sealy raises FY15 adjusted EPS view to $3.00-$3.20, consensus $3.08
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16:18 EDTTPXTempur Sealy reports Q2 adjusted EPS 53c, consensus 45c
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12:26 EDTAVGOAvago guided 2015 adjusted earnings above consensus
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July 27, 2015
10:29 EDTINFYOptions with decreasing implied volatility
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06:53 EDTTPXTempur Sealy price target raised to $77 from $68 at Piper Jaffray
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July 24, 2015
09:36 EDTINFYInfosys upgraded to Outperform from Neutral at Macquarie
July 22, 2015
14:51 EDTAVGOEarnings Watch: Qualcomm reports after speculations of potential breakup
Qualcomm (QCOM) is expected to report third quarter earnings after the close on July 22, with a conference call scheduled for 4:45 pm ET. Qualcomm is a maker of semiconductors and telecommunications equipment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $5.85B. EPS consensus ranges 90c-$1.05 on a revenue range of $5.59B-$6.08B, according to First Call. LAST QUARTER: On April 22, Qualcomm reported Q2 EPS of $1.40 against expectations for $1.33, and revenue of $6.89B versus estimates of $6.83B. The company also cut its FY15 EPS guidance to $4.60-$5.00 from $4.85-$5.05 and lowered projected revenue to $25B-$27B from $26.3B-$28B, saying it expects pressure in its semiconductor business due to customer shifts in the premium segment and a decline in Qualcomm's share at an unnamed large customer. NEWS: On May 8, Reuters reported that EU antitrust regulators asked Qualcomm's competitors how the company's licensing and business practices affect them, and on July 16, the European Commission confirmed two formal antitrust investigations of the company. On May 25, Qualcomm and Daimler (DDAIF) announced a strategic collaboration to develop connected car technology. Coming on the heels of Avago's (AVGO) May 28 agreement to acquire Broadcom (BRCM), Bloomberg quoted a source later that day as saying Qualcomm, Intel (INTC), Altera (ALTR), Analog Devices (ADI), Maxim Integrated (MXIM), Texas Instruments (TXN), and Microchip Technology (MCHP) are all considering their own M&A opportunities. Note that on June 1, Intel announced an agreement to acquire Altera. On June 23, Semiconductor Manufacturing International (SMI), Qualcomm, Huawei, and Imec announced the formation of a joint venture to focus on a type of 14 nanometer technology. More recently, the Wall Street Journal reported on July 20 that Qualcomm is "expected" to begin a comprehensive strategic review which may include the possibility of a breakup following pressure from "activist" shareholder Jana Partners, according to sources, adding that the move could be announced concurrent with Wednesday's earnings release. STREET RESEARCH: Following last quarter's earnings report, Exane BNP Paribas downgraded Qualcomm to Neutral from Outperform, while both Canaccord and Brean Capital lowered price targets for the stock after "disappointing" guidance. Meanwhile, Citi said it expects the company's chip business to recover in 2016 despite this "very bad year." On May 28, CLSA said it sees continued pressure on Qualcomm chipsets, potentially spurring the company to consider making an acquisition, and on June 2, Craig-Hallum noted that Skyworks (SWKS) would be a great fit for Qualcomm. On June 24, Summit Research called Applied Micro Circuits (AMCC) an "affordable" target for Qualcomm, with AMD (AMD) and Cavium (CAVM) also looking like potential takeover candidates. On June 29, Drexel Hamilton downgraded Qualcomm to Sell from Hold, citing expected price cuts. Lastly, following media reports on July 20 that Qualcomm could be weighing a breakup, Bernstein said that such a "dis-synergistic" split would likely destroy value rather than create it. PRICE ACTION: Shares of Qualcomm are down more than 1% to $64.37 in afternoon trading ahead of Wednesday's earnings report.
10:15 EDTINFYOptions with decreasing implied volatility
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July 21, 2015
19:00 EDTAVGOOn The Fly: After Hours Movers
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10:24 EDTINFYOptions with decreasing implied volatility
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05:29 EDTINFYInfosys sees FY15 IFRS revenue up 7.2%-9.2% in USD terms
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05:28 EDTINFYInfosys reports Q1 EPS 21c, consensus 21c
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July 20, 2015
14:44 EDTINFYInfosys volatility increases into Q1 and outlook
Infosys August call option implied volatility is at 34, September is at 29; compared to its 52-week range of 21 to 41, suggesting large near term price movement into the expected release of Q1 results on July 21.
13:16 EDTINFYInfosys technical comments ahead of results
The stock has been trading in a sideways range for the last several weeks bound by $15.25 at the low and $16.35 at the high. If the news is bullish, a breakout above the range at $16.35 would see next resistance at $17.05. Thereafter resistance would be at $17.70 and $18.18. If the news is bearish, a breakdown below $15 would see next support at $14.61. The irregularly-shaped potential head and shoulders pattern would also become active. That pattern could reach the $12 to $11.50 area over time if nothing interrupts its progress.

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