Breaking News Instant updates and real-time market news.

AVGO

Broadcom

$243.44

-7.13 (-2.85%)

, CA

CA Technologies

$37.22

0.07 (0.19%)

17:48
07/11/18
07/11
17:48
07/11/18
17:48

Broadcom near $18B deal to buy CA Technologies, WSJ reports

Broadcom (AVGO) is close to a deal to acquire CA Technologies (CA) for over $18B, or $44.50 per share, the Wall Street Journal reports, citing people familiar with the matter. Assuming it doesn't fall through, the deal could be announced later Wednesday, the report says. A deal would be a major strategic move for Broadcom just months after its hostile takeover bid for Qualcomm (QCOM) was stymied by U.S. President Donald Trump, the report says. The impending deal took certain industry watchers by surprise, as it represents expansion into a whole new area for Broadcom, the report notes. Reference Link

AVGO

Broadcom

$243.44

-7.13 (-2.85%)

CA

CA Technologies

$37.22

0.07 (0.19%)

QCOM

Qualcomm

$57.31

-1.05 (-1.80%)

AVGO Broadcom
$243.44

-7.13 (-2.85%)

06/08/18
CHLM
06/08/18
NO CHANGE
Target $330
CHLM
Buy
Broadcom remains a 'free cash flow machine,' says Craig-Hallum
Craig-Hallum analyst Anthony Stoss reiterated a Buy rating and $330 price target on Broadcom (AVGO) following its Q2 earnings report, calling the company a free cash flow generating "machine." Stoss said in a research note that although management seemed to paint a more muted picture in the near-term, he is looking for a strong second half of the year driven by a rebound in their wireless business in connection with Apple's (AAPL) next generation phone ramp, and expects Broadcom to pursue smaller M&A with Qualcomm (QCOM) now in the rearview mirror.
06/12/18
KEYB
06/12/18
NO CHANGE
KEYB
Apple iPhone inventories normalize, Galaxy S9 continue to disappoint, says KeyBanc
KeyBanc analyst John Vinh says his latest carrier surveys indicate stable sell-through of Apple's (AAPL) iPhone 8/X, and in line with store expectations. Accordingly, days of inventory have normalized at about 5 DOI and are consistent with healthy levels seen in past cycles, he adds. Conversely, the analyst notes that sell-through of the Samsung's (SSNLF) GS9 continues to deteriorate, accompanied by an increase in DOI. However, he notes a significant reduction in absolute inventories. While GS9 gives him pause, stable sell-through, and normalized iPhone 8/X inventories leave him incrementally more constructive ahead of the 2H ramp of the new iPhone 9 cycle. Vihn recommends investors continue to own Broadcom (AVGO), Skyworks (SWKS), and Synaptics (SYNA).
06/15/18
BNCH
06/15/18
INITIATION
Target $300
BNCH
Buy
Broadcom initiated with a Buy at Benchmark
Benchmark started Broadcom with a Buy rating and $300 price target. The firm calls the company an "execution machine" that is trading at a valuation "discount."
06/21/18
LOOP
06/21/18
INITIATION
LOOP
Buy
Broadcom initiated with a Buy at Loop Capital
Loop Capital analyst Cody Acree initiated Broadcom with a Buy rating and $306 price target, saying the company is well-positioned and trading at a discount to its large-cap peer group.
CA CA Technologies
$37.22

0.07 (0.19%)

05/30/18
JPMS
05/30/18
NO CHANGE
JPMS
Neutral
CA visibility reduced due to ASC 606, says JPMorgan
JPMorgan analyst Sterling Auty says a key point from CA Technologies' analyst day presentation slides are the impacts of Accounting Standards Codification 606. CA's revenue recognition will see significant moving parts from the adoption of ASC 606, as a considerable portion of revenue will now be recognized upfront, Auty tells investors in a research note. He believes this "reduces visibility and increases volatility." On the positive side, the analyst likes CA's share repurchase program and expectation for 24% growth in the SaaS business through 2021. He has a Neutral rating on CA shares.
10/06/17
NOMU
10/06/17
NO CHANGE
Target $275
NOMU
Buy
Nomura Instinet lays out potential takeover targets for Broadcom
With revenues this year on track to reach $17B, few opportunities in the semiconductor space exist that would move the needle for Broadcom Limited (AVGO), Nomura Instinet analyst Romit Shah tells investors in a research note. As a result, the analyst believes the company could be looking to acquire companies in peripheral spaces. Shah's analysis yields CA Technologies (CA), NetApp (NTAP), Juniper (JNPR), Garmin (GRMN), Trimble (TRMB), Akamai (AKAM), F5 Networks (FFIV), Ciena (CIEN) and EchoStar (SATS) as possible takeover targets. The analyst thinks Broadcom shares may continue to "languish" in the near term given uncertainty with the Brocade acquisition and iPhone supply constraints. Shah, however, remains optimistic in Broadcom's ability to generate $20-plus in earnings per share in the future. He keeps a Buy rating on the shares with a $275 price target.
06/14/18
JPMS
06/14/18
DOWNGRADE
Target $53
JPMS
Neutral
JPMorgan downgrades Oracle after CIO survey shows spending contraction
JPMorgan analyst Mark Murphy downgraded Oracle (ORCL) to Neutral from Overweight and lowered his price target for the shares to $53 from $55. The stock closed yesterday down 18c to $48.27. The shares have risen from the $30s into the high $40s over the last two years, but the company's fundamental performance has remained inconsistent, Murphy tells investors in a research note. Further, the analyst notes that in his firm's recent survey of 154 chief investment officers, Oracle received the largest number of indications for planned spending contraction this year, materially more than the second-worst company. The CIOs indicate contraction in Oracle spending this year, placing the company alongside IBM (IBM), Checkpoint (CHKP), and CA (CA), Murphy contends. He notes the results of his firm's CIO surveys over the years "have been highly predictive."
09/18/17
KEYB
09/18/17
INITIATION
KEYB
Sector Weight
CA Technologies resumed with a Sector Weight at KeyBanc
KeyBanc analyst Alex Kurtz resumed coverage of CA Technologies with a Sector Weight rating. The current valuation is near the high end of the historical range while declines in the legacy solutions business will likely remain a drag, the analyst contends.
QCOM Qualcomm
$57.31

-1.05 (-1.80%)

06/27/18
NORL
06/27/18
NO CHANGE
NORL
Underperform
Intel could lose spot as second modem source at Apple, says Northland
Northland analyst Gus Richard said earlier that contacts he spoke with at the Design Automation conference indicated that that MediaTek might become the second source to Qualcomm (QCOM) at Apple (AAPL) for modems, displacing Intel (INTC). Additionally, while it has been rumored in the press previously that Apple is working on its own CPU for its notebooks to replace the Intel chip it currently uses, Richard said this rumor was confirmed by one contact. Richard maintains an Underperform rating on Intel shares, which are down 1.2% to $49.06 in afternoon trading.
06/11/18
RHCO
06/11/18
DOWNGRADE
Target $119
RHCO
Hold
NXP Semiconductors downgraded to Hold at SunTrust on valuation
As reported earlier, SunTrust analyst William Stein downgraded NXP Semiconductors (NXPI) to Hold from Buy and kept his $119 price target, saying the current stock price is above fair value and demands "an explicit view" that the Qualcomm (QCOM) bid will receive approval from China regulators. Stein notes that currently, the likelihood of such approval would be "only a guess", but adds that the run-up in the stock price since his April upgrade was in response to a sentiment shift over trade negotiations with China, which has been "robust". The analyst further states that last week's agreement between the U.S. government and ZTE (ZTCOY) has made sentiment around the Qualcomm bid "sanguine".
06/05/18
06/05/18
NO CHANGE

Qualcomm announces joint effort with Sprint to offer unlimited data
Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a joint effort with Sprint (S) for Sprint to offer its customers free unlimited data in 2018 with AutoPay on Qualcomm Snapdragon Always Connected PCs from Asus, HP and Lenovo. Consumers expect an always-connected computing experience, and this offer is set to change the way people work, create and play on mobile PC devices as the ultrathin and 2-in-1 device category grows.

TODAY'S FREE FLY STORIES

NCLH

Norwegian Cruise Line

$50.01

2.43 (5.11%)

15:40
07/18/18
07/18
15:40
07/18/18
15:40
Options
Norwegian Cruise Lines options volume is 27X daily average as shares rally »

Norwegian Cruise Lines…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

KMI

Kinder Morgan

$17.77

0.08 (0.45%)

15:34
07/18/18
07/18
15:34
07/18/18
15:34
Options
Kinder Morgan options imply 4.4% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

MDR

McDermott

$17.99

-0.05 (-0.28%)

15:30
07/18/18
07/18
15:30
07/18/18
15:30
Options
McDermott option volume is 6X daily average and puts lead calls 30:1 »

McDermott option volume…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jul

OMC

Omnicom

$70.32

-0.37 (-0.52%)

15:20
07/18/18
07/18
15:20
07/18/18
15:20
Options
Heavy Omnicom option volume likely adjusts open positions »

Heavy Omnicom option…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Aug

AXP

American Express

$102.70

1.56 (1.54%)

15:19
07/18/18
07/18
15:19
07/18/18
15:19
Options
American Express options imply 5.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

  • 08

    Aug

BPL

Buckeye Partners

$33.37

-1.58 (-4.52%)

15:17
07/18/18
07/18
15:17
07/18/18
15:17
Hot Stocks
Moody's changes Buckeye Partners' outlook to negative from stable »

Moody's Investors…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
07/18/18
07/18
15:17
07/18/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
07/18/18
07/18
15:16
07/18/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PZZA

Papa John's

$50.98

-0.56 (-1.09%)

, WEN

Wendy's

$17.53

0.105 (0.60%)

15:13
07/18/18
07/18
15:13
07/18/18
15:13
Periodicals
Papa John's founder held merger discussions with Wendy's, WSJ reports »

Papa John's…

PZZA

Papa John's

$50.98

-0.56 (-1.09%)

WEN

Wendy's

$17.53

0.105 (0.60%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

  • 08

    Aug

  • 15

    Aug

CCK

Crown Holdings

$45.16

-0.22 (-0.48%)

15:10
07/18/18
07/18
15:10
07/18/18
15:10
Options
Third day of call buying in Crown Holdings ahead of earnings »

Third day of call buying…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Jul

BIIB

Biogen

$356.40

1.46 (0.41%)

15:06
07/18/18
07/18
15:06
07/18/18
15:06
Periodicals
Biogen presented as best idea by Alex Denner, CNBC says »

Alex Denner of Sarissa…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jul

  • 30

    Jul

  • 31

    Jul

PZZA

Papa John's

$51.02

-0.52 (-1.01%)

, WEN

Wendy's

$17.52

0.1 (0.57%)

15:05
07/18/18
07/18
15:05
07/18/18
15:05
Periodicals
Breaking Periodicals news story on Papa John's, Wendy's »

Papa John's founder…

PZZA

Papa John's

$51.02

-0.52 (-1.01%)

WEN

Wendy's

$17.52

0.1 (0.57%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

  • 08

    Aug

  • 15

    Aug

IBM

IBM

$144.11

0.65 (0.45%)

, GRPN

Groupon

$4.70

0.07 (1.51%)

15:04
07/18/18
07/18
15:04
07/18/18
15:04
Earnings
On The Fly: What to watch for in IBM's earnings report »

IBM (IBM) is scheduled to…

IBM

IBM

$144.11

0.65 (0.45%)

GRPN

Groupon

$4.70

0.07 (1.51%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

  • 06

    Aug

EBAY

eBay

$38.08

0.26 (0.69%)

15:04
07/18/18
07/18
15:04
07/18/18
15:04
Options
EBay options imply 10.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

15:00
07/18/18
07/18
15:00
07/18/18
15:00
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

ABUS

Arbutus Biopharma

$11.30

-0.05 (-0.44%)

14:58
07/18/18
07/18
14:58
07/18/18
14:58
Conference/Events
Arbutus Biopharma management to meet with Jefferies »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

  • 19

    Jul

MSEX

Middlesex Water

$44.59

-0.04 (-0.09%)

14:56
07/18/18
07/18
14:56
07/18/18
14:56
Hot Stocks
Middlesex Water unit awarded City of Perth Amboy contract »

Utility Service…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PSXP

Phillips 66 Partners

$51.48

1.51 (3.02%)

14:53
07/18/18
07/18
14:53
07/18/18
14:53
Hot Stocks
Phillips 66 Partners announces 5.3% increase in quarterly distribution »

Phillips 66 Partners…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jul

TTWO

Take-Two

$126.13

-0.6 (-0.47%)

14:50
07/18/18
07/18
14:50
07/18/18
14:50
Periodicals
Greenberg presents Take-Two as best idea at 'Delivering Alpha' »

Samantha Greenberg,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Aug

  • 06

    Sep

GOGO

Gogo

$3.96

0.2 (5.32%)

14:50
07/18/18
07/18
14:50
07/18/18
14:50
Options
Rebound in shares of GOGO Wireless draws opening put seller »

Rebound in shares of GOGO…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IBM

IBM

$143.99

0.53 (0.37%)

14:49
07/18/18
07/18
14:49
07/18/18
14:49
Options
IBM options imply 6.6% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

  • 06

    Aug

OMED

OncoMed

$2.40

0.04 (1.69%)

14:48
07/18/18
07/18
14:48
07/18/18
14:48
Conference/Events
OncoMed management to meet with Jefferies »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

GOOG

Alphabet

$1,200.98

2.17 (0.18%)

, GOOGL

Alphabet Class A

$1,217.97

4.32 (0.36%)

14:42
07/18/18
07/18
14:42
07/18/18
14:42
Periodicals
FTC chairman to look 'closely' at EU's move to fine Google, Reuters says »

U.S. Federal Trade…

GOOG

Alphabet

$1,200.98

2.17 (0.18%)

GOOGL

Alphabet Class A

$1,217.97

4.32 (0.36%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jul

  • 23

    Jul

  • 08

    Aug

  • 18

    Sep

  • 28

    Oct

PHM

PulteGroup

$30.91

-0.02 (-0.06%)

, DHI

D.R. Horton

$43.21

-0.02 (-0.05%)

14:42
07/18/18
07/18
14:42
07/18/18
14:42
Hot Stocks
Homebuilders fall as housing starts crevice to nine-month low »

Shares of U.S. home…

PHM

PulteGroup

$30.91

-0.02 (-0.06%)

DHI

D.R. Horton

$43.21

-0.02 (-0.05%)

LEN

Lennar

$54.96

-0.59 (-1.06%)

KBH

KB Home

$27.02

-0.46 (-1.67%)

MTH

Meritage Homes

$46.05

-0.9 (-1.92%)

BZH

Beazer Homes

$15.51

-0.13 (-0.83%)

TOL

Toll Brothers

$37.73

-0.31 (-0.81%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jul

  • 26

    Jul

  • 26

    Jul

  • 26

    Jul

ADTN

Adtran

$16.05

(0.00%)

, CTL

CenturyLink

$19.54

-0.085 (-0.43%)

14:34
07/18/18
07/18
14:34
07/18/18
14:34
Downgrade
Adtran, CenturyLink rating change  »

Adtran downgraded to…

ADTN

Adtran

$16.05

(0.00%)

CTL

CenturyLink

$19.54

-0.085 (-0.43%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jul

  • 08

    Aug

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.