Yahoo!, Twitter Drop, Face Ongoing Criticism, Western Digital Acquires SanDisk -- Tech Roundup
at The Street - Wed Oct 21, 5:15PM CDT
Yahoo! shares tumble after missed earnings, Morgan Stanley downgrades Twitter and Western Digital and Lam Research announce acquisitions.
YHOO: 31.12 (-1.71), VMW: 55.42 (-13.34), LRCX: 70.79 (+0.76), GOOGL: 671.80 (-8.20), KLAC: 63.98 (+10.12), WDC: 71.44 (-3.42), TWTR: 29.30 (-1.61), SNDK: 76.78 (+1.59), BABA: 69.48 (-2.31)
Robbins Arroyo LLP: Acquisition of KLA-Tencor Corporation (KLAC) by Lam Research Corporation (LRCX) May Not Be in Shareholders' Best Interests
Business Wire - Wed Oct 21, 2:51PM CDT
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of KLA-Tencor Corporation (NASDAQ: KLAC) by Lam Research Corporation (NASDAQ: LRCX). On October 21, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which Lam Research will acquire KLA-Tencor. Under the terms of the agreement, KLA-Tencor shareholders will receive $32.00 in cash and 0.5 of a share of Lam Research for each share of KLA-Tencor they own, the value of which is equivalent to $67.02 per share of KLA-Tencor.
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12)
Stocks Fall; Valeant Defends Accounting Practices
at The Street - Wed Oct 21, 2:02PM CDT
Stocks relinquish gains made earlier Wednesday as a selloff in Valeant Pharmaceuticals pressures the rest of the biotech sector.
TSLA: 210.09 (-2.94), BIIB: 276.34 (+10.53), F: 15.41 (+0.03), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), TM: 123.70 (+1.49), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), HMC: 32.70 (+0.70), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), LLY: 77.01 (-0.78), FCAU: 15.20 (-0.74), BMY: 62.51 (-1.38), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), LRCX: 70.79 (+0.76), MCD: 102.54 (-1.30), GM: 35.42 (+1.94), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
4 Stocks Trading on Big Volume -- and How to Trade Them Now
at The Street - Wed Oct 21, 1:48PM CDT
Here's how to trade some of the most active stocks on the market right now.
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12), WDC: 71.44 (-3.42), WTW: 15.40 (-2.85), SNDK: 76.78 (+1.59)
Lam Research to Buy Semiconductor Rival KLA-Tencor for $10.6 Billion
at The Street - Wed Oct 21, 1:33PM CDT
The deal is the first acquisition for semiconductor industry supplier Lam Research since its $3.3 billion purchase of Novellus in 2011.
SWKS: 77.67 (-0.62), LRCX: 70.79 (+0.76), BRCM: 51.56 (-0.12), ALTR: 52.52 (-0.17), AMAT: 16.07 (-0.12), MSCC: 35.00 (-0.12), PMCS: 11.66 (+0.07), KLAC: 63.98 (+10.12), INTC: 33.37 (-0.07), AVGO: 120.50 (+0.61)
Why KLA-Tencor Corp and Lam Research Corporation Jumped on Wednesday
Anders Bylund, The Motley Fool - Motley Fool - Wed Oct 21, 1:32PM CDT
Sources: Lam Research and KLA-Tencor. What: Shares of Lam Research rose as much as 10.5% on Wednesday and KLA-Tencor investors saw their stock make a 25% jump. The two moves share the same catalyst, as Lam is buying KLA-Tencor in a...
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12)
Blue Chips Outperform; Ferrari Debuts Strongly
at Investor's Business Daily - Wed Oct 21, 12:33PM CDT
The Dow Jones industrial average was in the driver's seat in early afternoon trading Wednesday, while tech stocks lagged, and the S&P 500 was mostly unchanged. The Dow rose 0.4%, helped by strength in United Technologies (UTX), Travelers (TRV),...
VRX: 118.61 (-28.13), UTX: 97.97 (+2.35), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), LRCX: 70.79 (+0.76), CMG: 665.67 (-39.96), CAT: 69.67 (-0.60), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59), TRV: 110.70 (+1.75)
Targets of Market Hatred Can Change Daily
at The Street - Wed Oct 21, 12:03PM CDT
It used to be industrials, now it's health care.
TSLA: 210.09 (-2.94), VRX: 118.61 (-28.13), GE: 28.85 (+0.07), CLX: 122.06 (-0.02), VMW: 55.42 (-13.34), NKE: 132.47 (+0.10), HON: 98.77 (+0.49), UTX: 97.97 (+2.35), WMT: 58.64 (-0.11), INTC: 33.37 (-0.07), SLB: 75.63 (+0.08), K: 69.61 (+0.64), SBUX: 60.53 (-0.35), CMG: 665.67 (-39.96), HZNP: 14.83 (-0.43), COST: 155.21 (+0.65), EMC: 25.77 (-1.72), CRZO: 38.09 (-1.55), PPG: 100.64 (-0.74), BHI: 54.41 (+1.24), ETN: 52.52 (+0.15), SWKS: 77.67 (-0.62), HAL: 38.40 (+0.72), HRL: 66.61 (+0.67), NXPI: 91.32 (-0.67), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), NFLX: 97.96 (-1.03), LB: 96.52 (+0.14), LRCX: 70.79 (+0.76), GM: 35.42 (+1.94), MCD: 102.54 (-1.30), DOV: 61.88 (+0.35), KLAC: 63.98 (+10.12), AVGO: 120.50 (+0.61), SNDK: 76.78 (+1.59)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of KLA-Tencor Corp. of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to Lam Research
Business Wire - Wed Oct 21, 10:11AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12)
Early Gains Fizzle, Turn Mixed; Biogen, Ferrari Rise
at Investor's Business Daily - Wed Oct 21, 9:47AM CDT
Leading indexes turned Wednesday's modest opening gains to mixed and busy action, powered primarily by quarterly reports and company news. The Nasdaq backed out of a narrow advance and slipped 0.2%. The Dow Jones industrial average and the S&P 500...
BIIB: 276.34 (+10.53), MU: 16.43 (-0.66), NTES: 137.17 (-2.03), HA: 32.87 (+1.50), DIS: 110.09 (+0.25), MANH: 70.08 (+3.89), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), AOS: 68.67 (-2.12), OZRK: 47.87 (-0.67), LRCX: 70.79 (+0.76), CMG: 665.67 (-39.96), CRUS: 32.89 (+2.16), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Stocks Turn Lower as Valeant Dents Biotech Sector
at The Street - Wed Oct 21, 9:41AM CDT
Stocks turn lower by mid-morning Wednesday as plummeting Valeant Pharmaceuticals shares pull the biotech sector to the downside.
BIIB: 276.34 (+10.53), TSLA: 210.09 (-2.94), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), FCAU: 15.20 (-0.74), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), CELG: 115.92 (-0.32), GILD: 101.73 (+0.07), LRCX: 70.79 (+0.76), GM: 35.42 (+1.94), MCD: 102.54 (-1.30), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
KLA-Tencor (KLAC) Stock Jumps on Sale to Lam Research Deal
at The Street - Wed Oct 21, 9:09AM CDT
KLA-Tencor (KLAC) shares are higher following the announcement that Lam Research will buy the company in a $10.6 billion deal.
KLAC: 63.98 (+10.12)
Stock Futures On The Advance; Early Risers: Boeing, GM, KLA-Tencor
at Investor's Business Daily - Wed Oct 21, 7:52AM CDT
Stock futures worked to expand modest gains on Wednesday, with a heavy slate of earnings news driving early action. Dow futures were up 53.9 points and rising. Nasdaq 100 futures climbed 20.3 points. S&P 500 futures showed a strong 6-point gain. The...
LRCX: 70.79 (+0.76), CS: 24.98 (-0.98), CMG: 665.67 (-39.96), GM: 35.42 (+1.94), EMC: 25.77 (-1.72), KLAC: 63.98 (+10.12), MANH: 70.08 (+3.89), BA: 141.19 (+2.31)
Oct. 21 Premarket Briefing: 10 Things You Should Know
at The Street - Wed Oct 21, 5:37AM CDT
U.S. stock futures rise and shares in Japan move higher on hopes for fresh stimulus from the Bank of Japan.
KO: 42.19 (-0.10), BIIB: 276.34 (+10.53), AXP: 76.51 (-0.44), CS: 24.98 (-0.98), FCAU: 15.20 (-0.74), BA: 141.19 (+2.31), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), EBAY: 24.21 (-0.21), IBM: 140.92 (+0.28), LRCX: 70.79 (+0.76), TXN: 51.90 (-0.53), CMG: 665.67 (-39.96), GM: 35.42 (+1.94), EMC: 25.77 (-1.72), GOOGL: 671.80 (-8.20), KLAC: 63.98 (+10.12)
Lam Research to Combine With KLA-Tencor, Creating a New Capability Paradigm to Serve a Transforming Semiconductor Industry
Marketwired - Wed Oct 21, 3:00AM CDT
Lam Research Corporation (NASDAQ: LRCX) ("Lam"
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12)
KLA-Tencor Reports Fiscal 2016 First Quarter Results And Agreement To Combine With Lam Research
PR Newswire - Wed Oct 21, 3:00AM CDT
KLA-Tencor Corporation (NASDAQ: KLAC) today announced operating results for its first quarter of fiscal year 2016, which ended on September 30, 2015, and reported GAAP net income of $105 million and GAAP earnings per diluted share of $0.66 on revenues of $643 million.
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12)
Kla-Tencor Rises 1.39% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Tue Oct 20, 4:22PM CDT
Kla-Tencor (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $52.88 to a high of $54.82. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $53.47 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
KLAC: 63.98 (+10.12)
Look for Shares of Kla-Tencor to Potentially Pullback after Yesterday's 1.39% Rise
Comtex SmarTrend(R) - Tue Oct 20, 4:21PM CDT
Kla-Tencor (NASDAQ:KLAC) traded in a range yesterday that spanned from a low of $52.88 to a high of $54.82. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $53.47 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
KLAC: 63.98 (+10.12)
KLA-Tencor (KLAC) to Report Q1 Earnings: What's in Store?
Zacks Equity Research - Zacks Investment Research - Tue Oct 20, 2:26PM CDT
KLA-Tencor Corporation (KLAC) is set to report first quarter fiscal 2016 results on Oct 21.
P: 19.26 (-0.07), A: 35.90 (-0.42), TMUS: 40.22 (-0.48), KLAC: 63.98 (+10.12)