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Stock Market & Financial Investment News

News Breaks
June 23, 2014
11:17 EDTTWTR, MUStocks with call strike movement; TWTR MU
Twitter (TWTR) November 46 call option implied volatility increased 4% to 54, Micron (MU) October 36 call option implied volatility increased 2% to 39 according to IVolatility.
News For TWTR;MU From The Last 14 Days
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October 10, 2014
11:45 EDTTWTRStocks with call strike movement; TWTR GPRO
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11:23 EDTTWTRTwitter falls after bounce attempt, levels to watch
The stock is heading lower after a bounce attempt off the session low at $51 failed to hold. At the current price of $52.26, next support is at the low of the day. Resistance is at $52.77, the peak price of the recent bounce.
11:13 EDTMUMicrochip not relevant to DRAM, NAND, says Summit Research
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10:58 EDTMUMicron falls with peers, levels to watch
The shares are down more than 7.5% to $28.30 at time of writing, just off the lows of the session at $27.59 which is now support. Resistance is at $28.78.
10:29 EDTMUMicrochip CEO warning on industry correction sinks semiconductors
Shares of a number of semiconductor makers are falling sharply after one of the companies in the space, Microchip Technology (MCHP), warned that it believes the sector had entered a correction. In a note to investors today, research firm FBR Capital said Microchip's comments "could be worrisome, " and the firm responded by taking a more defensive stance on the space. WHAT'S NEW: Microchip, which develops microcontroller and analog semiconductors, estimated that its second quarter revenue would come in at $546.2M, versus its previous guidance of $560.0M-$575.9M and analysts' consensus estimate of $568M. The company said that it had experienced a number of negative trends during the quarter, including a weaker than usual September, weakness in China, and significant inventory builds at its distributor customers. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it reports sales from distribution on a sell-through basis and built a significant amount of inventory in the distribution channel in the September quarter and that it does business with over 80,000 customers. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future. ANALYST REACTION: In a note to investors today, FBR Capital analyst Christopher Rolland said that Microchip's statements come in the wake of other negative signs for the sector. In August and September, lead times for the sector fell versus the month before, the analyst stated. Additionally, revenue trends at Taiwanese chip makers weakened in August, Rolland stated. The analyst said that Microchip's statements pushed him over the fence, causing him to take a more defensive stance on the sector. He removed ON Semiconductor (ONNN) from FBR's Top Picks list but kept an Outperform rating on the stock, as he believes that its valuation is "very reasonable." Rolland maintained Market Perform ratings on Atmel (ATML), Texas Instruments (TXN), Fairchild (FCS), AMD (AMD), and Applied Micro Circuits (AMCC). Sterne Agee also attributed weakness in the sector to Microchip's warnings, but the firm recommended buying NXP Semiconductors (NXPI), Avago (AVGO), and Skyworks (SWKS) due to their strong product cycles with EMV and upcoming iPhone-iPad launches from Apple (AAPL). In addition, the firm said it would buy Micron (MU) and SanDisk (SNDK) given tight supply, below normal inventory levels, and tailwinds from China. PRICE ACTION: In early trading, Microchip dropped nearly 14% to $39.29, Intel (INTC) fell almost 6% to $31.67, On Semiconductor slid 10% to $7.53, Atmel tumbled 11.5% to $6.61, Texas Instruments slipped 8% to $42.16, Fairchild slumped 10.6% to $12.95, AMD dropped 6% to $2.77, Applied Micro declined 10% to $6.19, and NXP Semiconductors was 14% lower to $55.27.
10:20 EDTMUSemiconductors defended at Sterne Agee
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09:38 EDTTWTRActive equity options trading on open
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October 9, 2014
16:00 EDTTWTROptions Update; October 9, 2014
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13:16 EDTTWTRTwitter November volatility elevated
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09:38 EDTTWTRActive equity options trading on open
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October 8, 2014
20:03 EDTTWTRTwitter news head Vivian Schiller leaving company, Re/code reports
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11:42 EDTMUStocks with call strike movement; AA MU
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10:00 EDTMUOn The Fly: Analyst Initiation Summary
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09:38 EDTTWTRActive equity options trading on open
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07:43 EDTMUMicron initiated with a Neutral at Ladenburg
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06:00 EDTTWTRInstagram still most used social network for teens, says Piper Jaffray
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October 7, 2014
14:15 EDTTWTRTwitter files suit against DOJ, FBI over government surveillance
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10:47 EDTTWTRTwitter rallies after positive note, levels to watch
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09:36 EDTTWTRActive equity options trading on open
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05:51 EDTTWTRTwitter logged-off strategy could double sales by 2017, says Deutsche Bank
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