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Stock Market & Financial Investment News

News Breaks
August 1, 2014
05:56 EDTTRLA, SNDKStocks with implied volatility below IV index mean; TRLA SNDK
Stocks with implied volatility below IV index mean; Trulia (TRLA) 56, SanDisk (SNDK) 26 according to iVolatility.
News For TRLA;SNDK From The Last 14 Days
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September 30, 2014
10:43 EDTTRLATrulia signs direct licensing agreement with Edijna Realty
Trulia (TRLA) has entered into a direct license agreement with Edina Realty, a Berkshire Hathaway (BRK.A) affiliate. The agreement establishes a direct data connection to Trulia for Edina Realty. This ensures listings are accurate and up-to-date, benefiting agents and their seller clients, as well as the more than 57 million monthly unique visitors to Trulia, as of July 31, 2014.
10:20 EDTTRLAZillow volatility increases, shares pullback into planned acquisition of Trulia
Zillow (Z) October weekly call option implied volatility is at 60, October is at 49, November is at 56, January is at 49; its 26-week average of 54 according to Track Data, suggesting large near term price movement into the planned acquisition of Trulia (TRLA).
08:52 EDTTRLANews Corp. sees Move, Inc. deal to close in 2Q15
News Corp (NWSA) believes Move, Inc. (MOVE) is in a unique position and holds an important role for the company to expand in the digital real estate industry. Says this is the most significant acquisition the company has made since launching as a separate company last summer. Says this acquisition allows the company to stay committed to returning capital to shareholders. Says believes that Move Inc.'s strategy is different that that of Trulia (TRLA) and Zillow (Z). Says expects that the transaction will be very modestly EPS valued in the short term. News Corp continues to expect to generate positive cash flow regardless of the acquisition. Says Move, Inc. will improve and enhance the core media assets of News Corp. Comments made during a conference call discussing News Corp's acquisition of Move, Inc.
September 26, 2014
11:35 EDTSNDKMicron advances after results, outlook beat expectations
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September 25, 2014
17:01 EDTSNDKSanDisk up 1.4% to $98.30 after Micron reports Q4 results
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12:29 EDTSNDKEarnings Preview: Several analysts positive on Micron ahead of Q4 report
Micron (MU) is expected to report fourth quarter earnings after the close on Thursday, September 25, with a conference call scheduled for 4:30 pm ET. Micron manufactures semiconductor devices, principally DRAM, NAND Flash and NOR Flash memory. EXPECTATIONS: Analysts are looking for earnings per share of 81c on revenue of $4.15B. The consensus range is 66c-$1.03 for EPS on revenue of $4.05B-$4.3B, according to First Call. LAST QUARTER: On June 23, Micron reported third quarter EPS of 79c, compared to the 70c consensus estimate of analysts. Micron's quarterly revenue of $3.98B beat expectations for $3.89B. Revenues for both DRAM and NAND Flash products were down slightly for the quarter compared to the prior quarter. The company’s overall consolidated gross margin of 34% for the third quarter was consistent with the second quarter, as mix-related decreases in average selling prices were essentially offset by corresponding decreases in manufacturing costs. STREET RESEARCH: On the day after its last report, Needham upgraded Micron to Strong Buy from Buy and raised its price target for the shares to $50 from $40. The firm said then that it expected NAND gross margins to improve in 2015 and recommended investors look past the company's Q4 margin guidance. On July 31, Goldman and Sterne Agee issued competing views on how comments from Samsung could impact Micron. On that day, Sterne Agee reported that Samsung said its DRAM bit growth in the second half of 2014 would be limited, while its 2015 bit growth will drop compared to this year. The firm saw the guidance as "a major positive" for Micron and SanDisk (SNDK) and kept Buy ratings on both. However, Goldman said Samsung's increased DRAM bit supply growth forecast was an incremental negative for Micron. Goldman continues to have a Neutral rating on shares of Micron. More recently, Sterne Agee said Micron's stock has lagged due to concerns about potentially weaker Q4 DRAM prices and worries about NAND seasonality. The firm thinks these concerns are misplaced and continues to view Micron as a beneficiary of industry consolidation over the long-term. The firm keeps a $40 price target and Buy rating on Micron. Wedbush said it expects Micron's Q4 results to beat consensus expectations and for the company to provide upbeat commentary. The firm thinks that investor sentiment towards the stock has stalled on concerns about unfavorable DRAM supply/demand dynamics in 2015. However, Wedbush remains bullish on memory market dynamics heading into 2015 and keeps a $37 price target and Outperform rating on the shares. UBS believes DRAM and NAND average selling price trends continue to be favorable for Micron in the near to medium term and that the company should report Q4 EPS and revenue that are in line with consensus or better. The firm maintains its Buy rating on Micron and raised its price target on the stock to $36 from $35 ahead of tonight's Q4 report. PRICE ACTION: Since the day after last quarter's report, shares of Micron have advanced about 1%. Ahead of tonight's report, Micron was down over 2% to $31.54 in afternoon trading.
September 22, 2014
13:01 EDTTRLAZillow volatility flat as shares pullback into planned acquisition of Trulia
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September 19, 2014
08:03 EDTSNDKInvenSense, NXP, RF Micro chips included in iPhone 6, iFixit reports
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September 16, 2014
07:55 EDTTRLAStephens to hold a field trip
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