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AVGO

Broadcom

$254.87

-12.89 (-4.81%)

, QCOM

Qualcomm

$60.62

0.73 (1.22%)

14:58
03/17/18
03/17
14:58
03/17/18
14:58

Qualcomm board facing some 'tough' decisions, WSJ says

After Broadcom's (AVGO) bid for the company was blocked and the departure of CEO Paul Jacobs, Qualcomm's (QCOM) board faces some tough decisions, according to The Wall Street Journal. Board reshuffles alone may not be enough, and with having been effectively taken off the market by presidential order, Qualcomm's board needs to ensure that the company can make its future on its own, the report added. Reference Link

AVGO

Broadcom

$254.87

-12.89 (-4.81%)

QCOM

Qualcomm

$60.62

0.73 (1.22%)

  • 29

    Mar

AVGO Broadcom
$254.87

-12.89 (-4.81%)

03/16/18
OPCO
03/16/18
NO CHANGE
Target $315
OPCO
Outperform
Broadcom's Q1 results show resiliency of company's model, says Oppenheimer
Following its Q1 results, Oppenheimer analyst Rick Schafer told investors in a research note that he believes Broadcom (AVGO) has one of the most "strategically and financially attractive business models" in semiconductors, and that its "positive" results in the face of weaker optical, iPhone and carrier access markets shows the resiliency of the company's model and management's ability to drive "enviable" growth and profitability in many business environments. Now that Broadcom is "past the Qualcomm (QCOM) saga," Schafer expects Broadcom to return to its playbook, finding and executing "bite-sized" accretive acquisitions. Schafer, who has an Outperform rating on Broadcom, says he is a "long-term buyer" with a $315 price target.
03/16/18
RHCO
03/16/18
NO CHANGE
Target $345
RHCO
Buy
Broadcom price target raised to $345 from $335 at SunTrust
SunTrust analyst William Stein raised his price target on Broadcom to $345 after the company's latest earnings beat and raised outlook, which "overwhelm" the headwinds of higher taxes from redomiciliation. Stein also cites the management's target leverage remaining below 2-times, suggesting "more easily digestible deals" in M&A putting some investor concerns at ease. The analyst keeps his Buy rating on Broadcom, adding that his new valuation reflects in part no incremental M&A over the near term.
03/16/18
CHLM
03/16/18
NO CHANGE
Target $330
CHLM
Buy
Broadcom 'on the hunt' for additional, smaller M&A, says Craig-Hallum
Craig-Hallum analyst Tony Stoss reiterated his Buy rating and $330 price target on Broadcom (AVGO) following the company's in-line Q1 results and guidance. In a research note to investors, Stoss said he is confident in Broadcom's content at Apple (AAPL) longer term as management stated they expect to grow Apple content about 15% annually for the next 3-5 years. Additionally, Stoss noted that while the company is "disappointed" that the deal with Qualcomm (QCOM) was blocked, Broadcom remains "on the hunt" for additional M&A, which will likely be smaller in size given that the company plans to use just cash on hand to fund additional acquisitions.
03/16/18
WELS
03/16/18
INITIATION
Target $260
WELS
Market Perform
Broadcom resumed with a Market Perform at Wells Fargo
Wells Fargo analyst David Wong resumed coverage of Broadcom with a Market Perform rating and $260 price target. The possibility that Broadcom will find it increasingly difficult to make large acquisitions and that dollar content increases in smartphones might slow creates some concerns for the stock, Wong tells investors in a research note.
QCOM Qualcomm
$60.62

0.73 (1.22%)

03/16/18
DADA
03/16/18
NO CHANGE
Target $325
DADA
Buy
Broadcom has several growth prospects for next couple years, says DA Davidson
DA Davidson analyst Thomas Diffely kept his Buy rating and $325 price target on Broadcom (AVGO) after the company's Q1 earnings beat that was driven by the "extended iPhone X rollout, content growth at Apple (AAPL), and an extra week in the quarter." Despite the broken Qualcomm (QCOM) deal, the analyst contends that content growth at smartphone manufacturers, strong trends in the data center segment, and the emergence of 5G combine to give Broadcom growth prospects for the next couple of years.
03/16/18
WELS
03/16/18
INITIATION
Target $65
WELS
Market Perform
Qualcomm resumed with a Market Perform at Wells Fargo
Wells Fargo analyst David Wong resumed coverage of Qualcomm with a Market Perform rating and $65 price target. The analyst sees risks to Qualcomm shares from slowing growth in the smartphone end market and the possibility that the company might fail to achieve a positive resolution to the current licensing disputes or that new disputes might arise with other licensing customers.

TODAY'S FREE FLY STORIES

FIT

Fitbit

$5.93

0.22 (3.86%)

15:00
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MMM

3M

$204.54

-0.27 (-0.13%)

, SGMS

Scientific Games

$30.45

0.85 (2.87%)

14:53
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3M announces filing of touch screen technology patent infringement lawsuit »

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MMM

3M

$204.54

-0.27 (-0.13%)

SGMS

Scientific Games

$30.45

0.85 (2.87%)

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BPY

Brookfield Property

$19.94

-0.15 (-0.75%)

14:49
08/20/18
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14:49
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14:49
Conference/Events
Brookfield Property management to meet with RBC Capital »

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  • 21

    Aug

LCI

Lannett

$5.40

-8.1 (-60.00%)

14:49
08/20/18
08/20
14:49
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14:49
Downgrade
Lannett rating change  »

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  • 20

    Aug

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AABA

Altaba

$69.92

1.74 (2.55%)

14:49
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14:49
08/20/18
14:49
Options
Altaba Inc options imply 7.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

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SUM

Summit Materials

$20.26

0.31 (1.55%)

14:47
08/20/18
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14:47
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14:47
Conference/Events
Summit Materials management to meet with RBC Capital »

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  • 21

    Aug

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    Aug

  • 10

    Sep

CAPL

CrossAmerica

$18.15

0.15 (0.83%)

, ANDV

Andeavor

$147.76

2.82 (1.95%)

14:46
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Hot Stocks
FTC approves Alimentation Couche-Tard sale of two Minnesota fuel stations »

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CAPL

CrossAmerica

$18.15

0.15 (0.83%)

ANDV

Andeavor

$147.76

2.82 (1.95%)

ANCUF

Alimentation Couche-Tard

$0.00

(0.00%)

03/08/13
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GME

GameStop

$15.94

0.61 (3.98%)

14:45
08/20/18
08/20
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14:45
Options
GameStop call volume above normal and directionally bullish »

Bullish option flow…

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PHII

PHI, Inc

$8.59

0.09 (1.06%)

14:45
08/20/18
08/20
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Hot Stocks
Alesia Value fund reports 4.7% stake in PHI »

On August 20,Alesia…

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AAPL

Apple

$216.05

-1.6 (-0.74%)

14:41
08/20/18
08/20
14:41
08/20/18
14:41
Periodicals
Breaking Periodicals news story on Apple »

Apple planning revamped…

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MCHVF

MGM China

$0.00

(0.00%)

14:36
08/20/18
08/20
14:36
08/20/18
14:36
Upgrade
MGM China rating change  »

MGM China upgraded to Buy…

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14:35
08/20/18
08/20
14:35
08/20/18
14:35
General news
The Fed has become an unexpected focus »

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General news
Canada wholesale preview »

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CTWS

Connecticut Water

$69.10

0.1 (0.14%)

14:34
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08/20
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14:34
Hot Stocks
PURA approves rate settlement agreement for Connecticut Water »

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WMB

Williams

$30.38

-0.095 (-0.31%)

14:30
08/20/18
08/20
14:30
08/20/18
14:30
Conference/Events
Williams management to meet with RBC Capital »

Meeting to be held in…

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  • 21

    Aug

  • 22

    Aug

AMZN

Amazon.com

$1,880.70

-1.24 (-0.07%)

14:29
08/20/18
08/20
14:29
08/20/18
14:29
Periodicals
Amazon hires well-known cardiologist amid push into health, CNBC says »

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  • 13

    Sep

AMCX

AMC Networks

$61.70

1.28 (2.12%)

14:25
08/20/18
08/20
14:25
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Conference/Events
AMC Networks management to meet with RBC Capital »

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  • 21

    Aug

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    Aug

OSPR

Osprey Energy Acquisition

$11.27

0.065 (0.58%)

14:25
08/20/18
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14:25
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Conference/Events
Osprey Energy Acquisition to host special shareholder meeting »

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  • 20

    Aug

PPG

PPG

$109.64

1.23 (1.13%)

14:24
08/20/18
08/20
14:24
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Conference/Events
PPG management to meet with UBS »

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  • 22

    Aug

  • 05

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NFLX

Netflix

$330.55

13.77 (4.35%)

14:21
08/20/18
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14:21
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Technical Analysis
Technical Take: Netflix may test downtrend resistance line »

The shares are up over…

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  • 21

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
08/20/18
08/20
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
08/20/18
08/20
14:16
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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LCI

Lannett

$5.35

-8.15 (-60.37%)

14:16
08/20/18
08/20
14:16
08/20/18
14:16
Downgrade
Lannett rating change  »

Lannett downgraded to…

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  • 20

    Aug

  • 28

    Aug

MBI

MBIA

$10.78

-0.22 (-2.00%)

14:15
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14:15
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Options
MBIA put volume heavy and directionally bearish »

Bearish flow noted in…

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BAC

Bank of America

$30.79

0.05 (0.16%)

14:08
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SEC says Merrill Lynch to pay $8.9M to settle charges of undisclosed conflict »

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  • 27

    Sep

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