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Stock Market & Financial Investment News

News Breaks
July 23, 2014
10:20 EDTXLNXXilinx tumbles after results, bearish pattern active, levels to watch
Shares are trading at $40.08, down 16.7% to a new 52-week low, following the company's earnings report last night after the close. Off that report several firms downgraded the name: BMO Capital to Market Perform with a price target cut to $42 from $60, William Blair to Market Perform, and to Neutral at BofA/Merrill. Support is at $39.13, the session low. Resistance is at $41.33. On a 5-year chart the move today confirms that a large bearish head and shoulders top is now in progress. The neckline was just below $43. The downside potential for this pattern over time is to the $30 area.
News For XLNX From The Last 14 Days
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March 20, 2015
06:24 EDTXLNXChina Mobile capex outlook negative for Xilinx, Altera, says Citigroup
Citigroup says the lower 2015 capital expenditure guidance from China Mobile (CHL) is negative for Xilinx (XLNX) and Altera (ALTR) since it offsets the higher spending at China Telecom (CHA) and China Unicom (CHU). Citi sees downside to consensus estimates for both Xilinx and Altera and keeps Neutral ratings on the stocks.
March 16, 2015
10:02 EDTXLNXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AmerisourceBergen (ABC) upgraded to Buy from Neutral at UBS... Avago (AVGO) upgraded to Buy from Neutral at DA Davidson... Francesca's (FRAN) upgraded to Buy at Janney Capital... Goldcorp (GG) upgraded to Overweight from Neutral at HSBC... Jabil Circuit (JBL) upgraded to Buy from Hold at Cross Research... JetBlue (JBLU) upgraded to Outperform at Raymond James... King Digital (KING) upgraded to Overweight from Neutral at JPMorgan... L.B. Foster (FSTR) upgraded to Outperform from Neutral at Macquarie... NextEra Energy (NEE) upgraded to Buy from Hold at Deutsche Bank... Petrobras Argentina (PZE) upgraded to Buy from Neutral at BofA/Merrill... Qorvo (QRVO) upgraded to Buy from Neutral at DA Davidson... Randgold (GOLD) upgraded to Overweight from Neutral at HSBC... Royal Gold (RGLD) upgraded to Overweight from Neutral at HSBC... Seagate (STX) upgraded at Needham... Standex (SXI) upgraded to Buy from Hold at BB&T... Union Pacific (UNP) upgraded to Outperform from Neutral at Macquarie... West Corp. (WSTC) upgraded to Outperform from Neutral at RW Baird... Xilinx (XLNX) upgraded to Buy from Hold at Drexel Hamilton... YPF (YPF) upgraded to Buy from Neutral at BofA/Merrill.
09:10 EDTXLNXXilinx upgraded to Buy from Hold at Drexel Hamilton

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