Mizuho Securities Remains Sidelined on Advanced Micro Devices (AMD) Following 3Q Beat

Pre-Open Stock Movers 10/21: (ALKS) (RAI) (PFPT) (MSFT) Higher; (SGY) (TWLO) (RRGB) Lower (more...)

October 21, 2016 9:05 AM EDT

Today's Pre-Open Movers

Stone Energy (NYSE: SGY) 46.3% LOWER; On October 20, 2016, the Company entered into a restructuring support agreement (the RSA) with certain (i) holders of the Companys 1 3/4% Senior Convertible Notes due 2017 (the Convertible Notes) and (ii) holders of the Companys 7 1/2% Senior Notes due 2022 (together with the Convertible Notes, the Notes and the holders thereof, the Noteholders), to support a restructuring on the terms of a pre-packaged plan of reorganization as described therein (the Plan). The RSA contemplates that the Company will file for voluntary relief under chapter 11 of the United States... More

AMD (AMD) Q3 'Solid' - Jefferies

October 21, 2016 7:46 AM EDT

Jefferies analyst Mark Lipacis reiterated a Buy rating and $9 price target on AMD (NASDAQ: AMD) following solid Q3 results, which confirmed the turnaround is in progress.

Lipacis commented, "3Q revs beat by 7% and EPS of $0.03 beat consensus of $0.00. The 4Q rev outlook for $1.07... More

After-Hours Stock Movers 10/20: (CERC) (ALKS) (PFPT) (MSFT) Higher; (SKX) (RRGB) (AMD) Lower (more...)

October 20, 2016 6:14 PM EDT

Today's After-Hours Movers

Cerecor (NASDAQ: CERC) 55.9% HIGHER; surges on Alkermes positive trial results.

Alkermes plc (NASDAQ: ALKS) 37.9% HIGHER; announced positive topline results from FORWARD-5, the third phase 3 efficacy study to read out from the FORWARD pivotal program for ALKS 5461, a once-daily, oral investigational medicine with a novel mechanism of action for the adjunctive treatment of major depressive disorder (MDD) in patients with an inadequate response to standard antidepressant therapies. The study met its prespecified primary endpoint showing treatment... More

AMD (AMD) Posts Q3 Operating EPS of 3c; Sees Q4 Revenue Down Sequentially

October 20, 2016 4:16 PM EDT

Advanced Micro Devices (NASDAQ: AMD) reported Q3 operating EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.21 billion.

Guidance:

For Q4 2016, AMD expects revenue to decrease 18 percent... More

Advanced Micro Devices (AMD) October volatility elevated into Q3

October 20, 2016 7:38 AM EDT

Advanced Micro Devices (NASDAQ: AMD) Advanced Micro Devices (AMD) October option implied volatility is at 177, November is at 75; compared to its 52-week range of 54 to 95 into the expected release of Q3 results on October 20.

... More

Wall Street dips as telecoms slump; AmEx surges

October 20, 2016 7:27 AM EDT

By Chuck Mikolajczak

NEW YORK (Reuters) - U.S. stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare.

Telecoms were down 2 percent, their biggest percentage decline in five weeks, as Verizon lost 2.5 percent. The company added fewer than expected wireless subscribers in the third quarter and revenue fell short of expectations.

The sector was also pressured late in the session as AT&T extended earlier losses after a report the company had... More

EU court adviser backs Intel fight against record EU fine

October 20, 2016 3:55 AM EDT

By Pia Oppel and Foo Yun Chee

LUXEMBOURG/BRUSSELS (Reuters) - Intel's (NASDAQ: INTC) fight against a record 1.06 billion euro ($1.16 billion) EU antitrust fine received a boost on Thursday when a top Europe court adviser questioned whether the U.S. chipmaker's actions had really harmed competition.

The opinion from Advocate General Nils Wahl at the Court of Justice of the European Union (ECJ) amounted to a rare setback for the European Commission, underlining the tough battle ahead as it takes on Apple (NASDAQ: AAPL), Qualcomm (NASDAQ:... More

Trading Radar for 10/20: Microsoft (MSFT), Verizon (VZ), Walgreens Boots (WBA), AMD (AMD), Travelers (TRV) Report

October 19, 2016 2:32 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 249kContinuing Claims - no Street consensusPhiladelphia Fed - Street sees 5.5

Earnings:

Acme United (Nasdaq: ACU (Nasdaq: $0.36
Alaska Air Group (Nasdaq: ALK (Nasdaq: $2.07
Alliance Data Systems (Nasdaq: ADS (Nasdaq: $4.44
American Airlines (Nasdaq: AAL (Nasdaq: $1.57
Bank of New York (Nasdaq: BK (Nasdaq: $0.81
BankUnited (Nasdaq: BKU (Nasdaq: $0.53
Bladex (Nasdaq: BLX (Nasdaq: $0.85
DST Systems (Nasdaq: DST (Nasdaq: $1.47
Dana Holdings (Nasdaq: DAN (Nasdaq:... More