Posts for Ticker ‘BRCM’

Top 10 Analyst Upgrades, Downgrades, Initiations (AFL, BRCM, DDS, D, INTC, MRVL, BTU, RTP, STP, TXN)

These are Friday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen early this morning in Wall Street research calls:

AFLAC (NYSE: AFL) Raised to Overweight at Morgan Stanley.
Broadcom Corp. (NASDAQ: BRCM) Started as Outperform at BMO Capital Markets.
Dillard’s (NYSE: DDS) Raised to Buy at Deutsche Bank.
Dominion (NYSE: D) Cut to Sell at Citigroup.
Intel Corp. (NASDAQ: INTC) Started as Outperform at BMO Capital Markets.
Marvell Technology (NASDAQ: MRVL) Started as Outperform at BMO Capital Markets.
Peabody Energy (NYSE: BTU) Removed from Conviction Buy List (still Buy rated) at Goldman Sachs.
RioTinto (NYSE: RTP) Cut to Underperform at Credit Suisse.
Suntech Power (NYSE: STP) Raised to Hold at Soleil.
Texas Instruments (NYSE: TXN) Started as Outperform at BMO Capital Markets.

You can join our open email distribution list to hear more news on key analyst calls, top day trader alerts, mergers and acquisitions, Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG
NOVEMBER 20, 2009

Posted on: November 20, 2009 – 8:05 am in Analyst Calls, Technology Companies, , , , , , , , , ,

Top Day Trader Alerts (AMZN, BRCM, FRE, MSFT, SPWRA, SYNA)

These are this Friday morning’s top day trader and active trader alert stocks.  We have more detailed data on price, volume, and historical data with links through to each story at VSInvestor.com:

Amazon.com Inc. (NASDAQ: AMZN) blew through earnings estimates and is actually challenging all-time highs not seen since the 1998 to 2000 tech bubble.

Broadcom Corp. (NASDAQ: BRCM) is being left out of the rally as guidance was disappointing.

Freddie Mac (NYSE: FRE) is actually up marginally this morning despite an SEC Filing this morning showing that its mortgage delinquencies continued to rise in September.

Microsoft Corporation (NASDAQ: MSFT) is up almost 10% and hitting 52-week highs.

SunPower Corporation (NASDAQ: SPWRA) is feeling the downside of the solar trade and down almost 10%.

Synaptics Inc. (NASDAQ: SYNA) is up sharply and creating a serious short squeeze.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 22, 2009

Posted on: October 23, 2009 – 9:05 am in Pre-Market Activity, Technology Companies, Trading Alert, , , , , ,

Major Tech Earnings on Deck (AAPL, TXN, SNDK, STX, WDC, YHOO, EBAY, VMW, EMC, AMZN, BRCM, JNPR, SYNA, MSFT)

This week is going to make last week’s earnings flood look like elementary school.  We have the floodgates opening for technology, web, software, hardware, and IT, and 24/7 Wall Street has previewed 14 of the top technology stocks that are on deck to report earnings this coming week:  Apple Inc. (NASDAQ: AAPL), Texas Instruments Inc. (NYSE: TXN), SanDisk Corp. (NASDAQ: SNDK), Seagate Technology (NASDAQ: STX), Western Digital Corp. (NYSE: WDC), Yahoo! Inc. (NASDAQ: YHOO), eBay Inc. (NASDAQ: EBAY), VMware, Inc. (NYSE: VMW), EMC Corp. (NYSE: EMC), Amazon.com, Inc. (NASDAQ: AMZN), Broadcom Corp. (NASDAQ: BRCM), Juniper Networks, Inc. (NASDAQ: JNPR), Synaptics Inc. (NASDAQ: SYNA), and Microsoft Corporation (NASDAQ: MSFT).

We have provided the first details for earnings, Thomson Reuters consensus data, added color of our own on the earnings trends, listed key issues to watch, and included the performance from the June 30 close and from the March 9 close that traders are using as the key pivotal turning day where the bear market died and a new bull market run began.
Read More »

Posted on: October 17, 2009 – 11:25 am in Calendar, Earnings, Internet, Semiconductor, Technology Companies, , , , , , , , , , , , , , ,

Top 10 Analyst Upgrades and Downgrades (ADBE, BRCM, EBAY, GS, LLL, MS, MWW, MOS, RAX, WFC)

These are this Thursday morning’s top 10 Wall Street research calls we have seen in the land of upgrades, downgrades, and initiations:

Adobe Systems (NASDAQ: ADBE) Raised to Outperform at RW Baird.
Broadcom (NASDAQ: BRCM) Cut to Neutral at RW Baird.
eBay (NASDAQ: EBAY) Raised to Buy at Kaufman Bros.
Goldman Sachs (NYSE: GS) Started as Buy at Deutsche Bank.
L-3 Communications (NYSE: LLL) Cut to Conviction Sell List from Neutral at Goldman Sachs.
Morgan Stanley (NYSE: MS) Started as Buy at Deutsche Bank.
Monster Worldwide (NYSE: MWW) Raised to Overweight at JPMorgan.
Mosaic (NYSE: MOS) Started as Outperform at RBC.
Rackspace (NYSE: RAX) Raised to Buy at Goldman Sachs.
Wells Fargo (NYSE: WFC) Started as Sell at UBS.

This top ten includes only some of the top financial sector analyst calls we saw this morning, where many “SELL” ratings were handed out.  You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

Jon C. Ogg
October 8, 2009

Posted on: October 8, 2009 – 7:53 am in Analyst Calls, Technology Companies, , , , , , , , , ,

Top Day Trader Alerts (JASO, GRMN, YRCW, JAZZ, MEDX, BMY, PETD, TOL, XHB, BRCM)

These are this morning’s top day trader alerts and most active in price and volume.  We have more detailed analysis and data on price and volume with links through to each at VSInvestor.com:

JA Solar Holding Co. (NASDAQ: JASO) is down close to 10% after poor results.

Garmin Ltd. (NASDAQ: GRMN) is down over 5% on a key analyst downgrade.

YRC Worldwide, Inc. (NASDAQ: YRCW) was down over 7% on an analyst downgrade.

Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) was up almost 20% on an unexpected profit.

Medarex Inc. (NASDAQ: MEDX) is seeing very unusual merger arb volume after the Hart-Scott-Rodino merger review period for the Bristol-Myers Squibb (NYSE: BMY) buyout has expired.

Petroleum Development Corporation (NASDAQ: PETD) is down 5% and will be an exponential volume mover on the secondary offering.

Toll Brothers (NYSE: TOL) has some sales gains data that is strong enough to lift the SPDR S&P Homebuilders (NYSE: XHB).

This was not seen until a post-close review, but Broadcom Corp. (NASDAQ:BRCM) was seeing some very unusual PUT OPTIONS TRADING yesterday.

JON C. OGG
AUGUST 12, 2009

Posted on: August 12, 2009 – 9:26 am in Pre-Market Activity, Trading Alert, , , , , , , , , ,

Media Digest 7/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Pandit bought time at Citigroup (C) with a management reshuffle.

Reuters:   Obama’s healthcare and climate plans are running into resistance.

Reuters:   AIG (AIG) will pay more executive bonuses in July.

Reuters:   The new GM will exit Chapter 11 today. Read More »

Posted on: July 10, 2009 – 3:02 am in Alternative Energy, Autos, Banking, Corporate Governance, Earnings, Earnings Warning, Healthcare, Housing, Internet, Press Digest, , , , , , , , , , , , ,

Emulex Still May Refuse Higher Offer (ELX, BRCM)

Money Stack ImageEmulex Corporation (NYSE: ELX) has already given an initial response to the higher $11.00 offer from Broadcom Corporation (NASDAQ: BRCM).  This is not an outright rebuff, but Emulex said that its board of directors is following fiduciary duties with the assistance of its financial and legal advisors.  So far it has merely said that it will review the terms of the revised tender offer.
Read More »

Posted on: June 30, 2009 – 8:32 am in Mergers and Buy Outs, Shareholder Issues, Technology Companies, ,

Media Digest 8/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Cybercrime is spreading fast on Facebook.

Reuters:   GM will seek to sell most of its assets to a new company.

Reuters:    Madoff got 150 years in prison.

Reuters:   AIG (AIG) shareholders will elect new directors.

Reuters:   GM is close to a deal to sell Opel.

Reuters:   A jury returned a $1.7 billion drug verdict against Abbot (ABT). Read More »

Posted on: June 30, 2009 – 3:03 am in Drug companies, Hardware, Healthcare, Medical, Mergers and Buy Outs, Oil & Gas, Press Digest, Wireless, , , , , , , , , , , , , , , , , ,

Intel (INTC) To Start Handset Chip Price War, Help Mobile Consumers

nokIntel (INTC) means to push deeply into the mobile chip market. That is bad news for the two companies that own most of the territory now–TI (TXN) and Qualcomm (QCOM). Intel is the largest chip company in the world and its needs to aggressively expand beyond PC and server chips to keep that distinction.

Read More »

Posted on: June 23, 2009 – 5:16 am in Consumer Electronics, Wireless, , , , , , ,

Cramer’s Mobile Web & Digital TV Stocks (AAPL, RIMM, PALM, QCOM, ADI, BRCM, MRVL, RFMD, SNDK, STAR, SWKS, TXN, RSH)

Cramer ImageIf you are a fan of and an investor in the mobile web via smartphones and portable devices, then you do not even have to be a dedicated fan of Jim Cramer to become a fan of Jim Cramer for at least the time being.  On tonight’s MAD MONEY on CNBC, Cramer endorsed this move to the mobile web as the next investor opportunity as huge opportunity for many companies in the space.  But he also noted that he wants to buy the tech companies on pullbacks as he thinks the market for technology stocks is taking a little breather here.  Cramer believes that there is room for all of these major companies to make major cash as a result of the switch to newer and fast smartphones and mobile web devices.  He thinks there is room for all companies like Apple Inc. (NASDAQ: AAPL) for the iPhone, Research in Motion (NASDAQ: RIMM) for the Blackberry, and Palm Inc. (NASDAQ: PALM) for the new Pre smartphone.  He also noted QUALCOMM Inc. (NASDAQ: QCOM) as a winner in the space.
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Posted on: June 10, 2009 – 5:52 pm in Consumer Electronics, Cramer, Internet, Semiconductor, Technology Companies, WiMAX, Wireless, , , , , , , , , , , , ,

Texas Instruments Looking Less Conservative (TXN, BRCM, QCOM, MRVL)

DRAM ImageTexas Instruments Inc. (NYSE: TXN) has just given its second quarter update, one of the first seen by major chip companies.  The chip giant sees $2.3 billion to $2.5 billion in revenues, above a prior range of $1.95 billion  to $2.40 billion.  The company also gave earnings guidance of $0.14 to $0.22, above its earlier range of $0.01 to $0.15 EPS.  While many were hoping for good news, this boosted shares of the whole sector.
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Posted on: June 8, 2009 – 3:40 pm in Earnings, Semiconductor, , , ,

Media Digest 6/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   GM (GM) will file for Chapter 11 today.

Reuters:   Geithner told China its dollar assets are safe.

Reuters:   A judge approved the sale of most of Chrysler’s assets to a group led by Fiat.

Reuters:   German cut a deal to save Opel.

Reuters:   Private equity firm KKR lost $1.8 billion last year.

Reuters:   Elan is in talks to sell a stake to Bristol-Myers (BMY).

Reuters:   China’s economy is stabilizing and exports moved up slightly.

Reuters:   The Fed is puzzled by the steepening of the yield curve.

WSJ:   Ford (F) will increase production next quarter in an attempt to take business from its rivals.

WSJ:   “Lawmakers are pressing the Treasury Department to close a loophole to protect Social Security and disability benefits deposited in bank accounts from creditors.”

WSJ:   Emulux is expanding its push to prevent a takeover by Broadcom (BRCM).

WSJ:   Merck (MRK) and AstraZeneca are testing a new experimental cancer drug.

WSJ:   Geithner urges China to open its economy.

WSJ:   Emerging nations are increasing demand for key resources.

WSJ:   The Fed’s attempt to keep mortgage rates low is not working well.

WSJ:   The IMF expects jobs to trail GDP growth.

WSJ:   The demand for oil is staying low.

WSJ:   Weak demand for electricity could help consumers this summer.

WSJ:   Foreclosures are having a mixed impact on sales.

WSJ:   Temasek Holdings may sell its holding in Chartered Semiconductor.

WSJ:   Losses at homebuilders are expected to narrow.

WSJ:   International markets are at the center of the new stock rally.

WSJ:   The ISM data may not show a sharp recovery in the economy.

WSJ:   Improving results at banks are sending them on hiring sprees.

WSJ:   Commercial real estate will be a drawn-out problem for banks.

WSJ:   Retailers are felling the impact for foreclosures.

NYT:   The Big Three are no longer in a position to help bring the economy out of a recession.

NYT:   The battle for trading derivatives is at the heart of how much regulation of the banks is too much.

NYT:   Google (GOOG) will take on Amazon (AMZN) in the e-book business.

FT:   Microsoft (MSFT) and Sony (SNE) are taking aim at the market share of the Nintendo Wii.

FT:   A new reports says that the rebound in stocks cannot be sustained.

FT:   The US energy markets are bracing for hurricane season.

Bloomberg:   Goldman Sachs (GS) says commodity demand will produce a 19% return this year.

Douglas A. McIntyre

Posted on: June 1, 2009 – 3:01 am in Banking, Drug companies, Economy, Emerging Markets, Healthcare, Housing, Mergers and Buy Outs, Metals, Oil & Gas, Pharmaceuticals, Press Digest, Semiconductors, , , , , , , , ,

Analysts Changing Semiconductor Ratings (ALTR, AMCC, ASML, BRCM, LSCC, MRVL, WFR, MU, PMCS, STM, XLNX)

We have seen many semiconductor and circuit calls this morning with upgrades and downgrades from Wall Street analysts.  Here are some of these upgrades and downgrades:

Altera (ALTR) Cut to Underweight at Morgan Stanley.
Applied Micro Circuits (AMCC) Cut to Underweight at Morgan Stanley.
ASML (ASML) Cut to Neutral at Goldman Sachs.
Broadcom (BRCM) Raised to Overweight at Morgan Stanley.
Lattice Semiconductor (LSCC) Cut to Underweight at Morgan Stanley.
Marvell Tech (MRVL) Raised to Overweight at Morgan Stanley.
MEMC (WFR) Raised to Equal Weight at Morgan Stanley.
Micron Technology (MU) Raised to Overweight at Morgan Stanley.
PMC-Sierra (PMCS) Cut to Equal Weight at Morgan Stanley.
STMicroelectronics (STM) Raised to Buy at Goldman Sachs.
Xilinx (XLNX) Cut to Underweight at Morgan Stanley.

JON C. OGG

Posted on: May 18, 2009 – 6:45 am in Analyst Calls, Semiconductor, , , , , , , , , , ,

Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaper26According to Reuters, world health officials are fighting to contain the new flu.

Reuters reports that the government may be pressing Citigroup (C) and Bank of America (BAC) to raise more money.

Reuters writes that GM (GM) has offered its final survival plan.

Reuters reports that the UAW will end up owning 55% of Chrysler.

Reuters writes that Democrats are close to passing the 2010 federal budget. Read More »

Posted on: April 28, 2009 – 2:57 am in Banking, Earnings, Economy, Hardware, Labor & Unions, Oil & Gas, Old Media, Press Digest, Semiconductors, Technology, Technology Companies, Telecom, , , , , , , , , , , , , , , ,

Qualcomm (QCOM) Finally Wises Up

mot2Qualcomm’s (QCOM) management has not done its investors any favors by fighting wars with its largest customer, Nokia (NOK), and its largest rival, Broadcom (BRCM). The battles, over royalties and intellectual property have put a cloud over the firm’s prospects for three years. It has cost Qualcomm revenue and countless millions of dollars in legal fees. And, it has left management to deal with issues which have nothing to do with running the company day-to-day. Read More »

Posted on: April 27, 2009 – 4:36 am in Hardware, Industry, Law, Technology, , ,

Media Digest 4/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaper24According to Reuters, a new generation of netbooks may reshape the PC industry.

Reuters reports that concerns about swine flu have spread across the globe causing health alerts.

Reuters reports that John Thain says a number of reports about the Bank of America (BAC) buyout of Merrill are not true.

Reuters writes that Chrysler and the UAW have made a tentative deal.

Reuters reports GM (GM) is about to release information on a radical downsizing.

Reuters writes that Facebook will give third party developers more access to its software. Read More »

Posted on: April 27, 2009 – 2:59 am in Press Digest, , , , , , , , ,

Media Digest 4/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaper22According to Reuters, a bill to restrict credit card charges cleared a key committee in Congress.

Reuters reports that Ken Lewis of Bank of America (BAC) says his firm what urged by the Treasury to keep quiet about Merrill Lynch’s troubles.

Reuters reports that US existing home sales probably slipped in March.

Reuters writes that the Treasury has made a new offer to Chrysler’s creditors.

Reuters reports that the founder of News Corp’s (NWS) MySpace will step down. Read More »

Posted on: April 23, 2009 – 3:05 am in Press Digest, , , , , , , , , , , , , , ,

TI Sets Earnings Benchmark For Broadcom (TXN, BRCM)

Texas Instruments Inc. (NYSE: TXN) came in with its earnings of $0.01 EPS and $2.09 billion in revenue.  Thomson Reuters had estimates at -$0.03 EPS on $1.9 billion in sales.  Outside of restructuring items, the company’s operating profit was $0.07 EPS.  It was barely a month ago that we saw guidance from T.I., and its mid-quarter update was $-$0.08 to $0.00 EPS and $1.79 to $2.05 billion in revenue.  Its shares were only at $14.69 back then.  More importantly than this being a single event, the report may set the tune for how traders will treat rival Broadcom Corp. (NASDAQ: BRCM) when it reports earnings tomorrow.
Read More »

Posted on: April 20, 2009 – 3:43 pm in Earnings, Semiconductor, ,

Shorts, Back In Financials, Probably Got Buried. Cut Bets On Tech

bear14Short sellers were figuring that after the bank rally late last month, banks shares were likely to give back some gains. That was working until Wells Fargo (WFC) reported that it would have a good Q1, which probably resulted in a huge short squeeze in bank stocks.

As of the last day in March, shares sold short in Citigroup (C) were up 21% from two weeks earlier to 1.2 billion. Shares short in AIG (AIG) rose 54% to 281 million. The short interest in Wells Fargo was up 8% to 168 million. Shares sold short in JP Morgan (JPM) rose 26% to 70 million. The short interest in US Bancorp (USB) was up 18% to 76 million.  Shares short in Fifth Third (FITB) were higher by 22% to 58 million. Read More »

Posted on: April 10, 2009 – 3:02 am in Short Interest, , , , , , , , , , , , , , , ,

Short Data Shows How Bad Bank Investors Were Bloodied

bear25Based on the rise in the short interest in banks at mid-month, it is clear how badly investors betting bank stocks would go down were mauled.

As of March 15, shares short in AIG (AIG) were up 17% to 183 million. The short interest in Bank of America was up 54% to 172 million. Shares short in Wells Fargo (WFC) moved up 35% to 156 million.

Astonishingly, the short interest in Citigroup (C) rose 391% in the two weeks between the end of February to mid-March, hitting 998 million shares. Short sellers covering those positions would have accounted for a significant portion of the rise in Citi’s stock price. Read More »

Posted on: March 25, 2009 – 8:09 am in Short Interest, , , , , , , , , , , , , ,