Category Archives: oud

After Hours Most Active for Apr 22, 2016 : GPN, GME, MSFT, BAC, HPY, GE, KO, PNK, QLIK, QCOM, GILD, INTC

The NASDAQ 100 After Hours Indicator is down 1.37 to 4,472.82. The total After hours volume is currently 33,660,277 shares traded. The following are the most active stocks for the after hours session Global Payments Inc. ( GPN )

Intel’s Next Threat: AMD Chinese Deal May Plunder Server Market

Advanced Micro Devices ( AMD ) is making a play for Intel ’s ( INTC ) Chinese server market — and maybe “Super 7” clients Alibaba ( BABA ), Baidu ( BIDU ) and Tencent ( TCEHY ) — as the No. 1 chipmaker prepares for 12,000 layoffs, MKM analyst Ian Ing suggested Friday. Late Thursday, during AMD’s Q1 earnings call, AMD CEO Lisa Su announced a $293 million joint venture with China’s Tianjin Haiguang Advanced Technology Investment to “help gain share in the fastest-growing region of the server market.” Su might as well have shouted a battle cry. This week, Intel announced a 12,000-layoff restructuring plan, cutting about 11% of its workforce, to “intensify” investments in the Internet of Things, memory and data centers. Intel’s Q1 data center sales rose 9% year over year, vs. 7% for the company overall. AMD’s Chinese joint venture is “(the) best challenge yet to Intel’s server dominance,” MKM analyst Ian Ing wrote in a research report. Last year, Chinese officials announced a plan to curb reliance on foreign chips. Partnering in China gives AMD “access to design and IP resources that are tailored to the China market and significant local field sales and support resources to help win designs at a wide range of customers,” Ing wrote. Intel’s turn from PC reliance — 55% of its total sales in Q1 — could further boost AMD, which might scoop some PC market share, Ing wrote as he upgraded AMD stock to buy from neutral but maintained his price target of 4. For Q1, a 13-week quarter, AMD reported $832 million in sales, down 19% year over year, and a per-share loss ex items of 12 cents vs. a 13-cent loss in the year-earlier quarter. Both metrics topped the consensus of 27 analysts polled by Thomson Reuters for $818.2 million and a 13-cent per-share loss. The consensus’ Q2 sales guidance, calling for a 15% sequential hike, implies $956 million, which would be up 2%. The consensus saw $889 million, Rosenblatt Securities analyst Kinngai Chan noted in a report. AMD stock jump 52% Friday, to 3.99, a 19-month high. Intel stock fell 1%; AMD’s graphics chips rival Nvidia ( NVDA ), a Tesla Motors ( TSLA ) partner, fell a fraction.

Alphabet Price Targets Cut After Q1 Miss, But Analysts Positive

Alphabet ( GOOGL ) shares sunk Friday, as the stock was handed at least seven price-target cuts after the world’s largest Internet company posted Q1 earnings and sales late Thursday that missed Wall Street’s expectations . Still, many analysts remained upbeat about the search leader’s prospects. Alphabet stock fell 5.4% on the stock market today , to 737.77 and falling just below the key 10-week line, testing a stock that broke out of cup-with-handle base at a 777.41 buy point last week. Shares are now down 5.4% from the buy point and near the recommended selling range of down 7% to 8%. But the stock has risen more than 30% over the last 12 months, helping Alphabet gain a spot on the IBD 50 list of leading growth stocks. Alphabet shares touched their all-time high of 810.35 on Feb. 2. IBD’s Take: How healthy is Alphabet’s stock and those its main rivals? Find out at IBD Stock Checkup Leading social network Facebook ( FB ), Alphabet’s top rival for digital advertising dollars, also saw its stock fall on Friday. Facebook stock fell 2.5% Friday, to 110.56. Facebook is set to report earnings on Wednesday after the close. Analysts saw the Q1 miss as a temporary stumble. “Looking past the headlines, we see several favorable trends,” Monness Crespi Hardt analyst James Cakmak said in a research report Friday. “First, the core operating margin is improving, expanding 140 basis points to 37.8%. “Second, although ‘other bets’ losses widened to $802 (million from $633 million), losses rose at significantly slower rates than revenue, thereby yielding more moderate growth in the net figure. Third, the primary growth driver for Google is mobile search. We cannot emphasize this enough, as what used to be a headwind for the company is now becoming a tailwind. Further to that, key assets like YouTube and programmatic (ad) efforts are on the upswing. And fourth, we are finally seeing the balance sheet put to work with $2.1 billion in repurchase.” With its earnings release, Alphabet said that during Q1 it spent $2.1 billion on share repurchases, and that it still has $1.4 billion in repurchase authorization, with no expiration date. Revenue was a “modest disappointment,” wrote Pacific Crest analyst Evan Wilson in a research note, but adding that “we believe that’s more than offset by a new passion for expense control. We remain excited about the combination of revenue growth, expense control and cash return and would be buyers of GOOGL.” He maintained his overweight rating on Google stock, with a price target of 910. Image provided by Shutterstock .