Bullish Options Positioning in Intel (INTC) Targets Upside in Shares Ahead of Today's Earnings Announcement After the Close -Susquehanna

Wall St. rebounds after upbeat earnings, bargain hunting

October 25, 2018 7:53 AM EDT

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks jumped on Thursday, giving the Nasdaq its biggest daily gain since March, as Microsoft's upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares.

The Nasdaq rose 3 percent, a day after it confirmed a correction and registered its biggest decline since 2011.

The Dow and S&P 500 both moved back in positive territory for the year.

Microsoft (NASDAQ: MSFT) jumped 5.8 percent after it beat consensus estimates for revenue and profit. That, along with gains in chipmakers, helped... More

China says 'hard to understand' U.S. skipping import fair

October 25, 2018 5:53 AM EDT

By Christian Shepherd

BEIJING (Reuters) - China finds it "hard to understand" why the United States is not sending senior government officials to a major import expo in Shanghai next month, the foreign ministry said on Thursday.

The world's two biggest economies are locked in an escalating tariff row, with President Donald Trump having railed against China for what he sees as intellectual property theft, entry barriers to U.S. business and a gaping U.S. trade deficit.

Set to run from Nov. 5 to Nov. 10, the China International Import Expo will bring together thousands of foreign and... More

Chip stocks fall after Texas Instruments, STMicro warn on slowing demand

October 24, 2018 9:02 AM EDT

(Reuters) - Semiconductor stocks slumped on Wednesday after Texas Instruments Inc (NASDAQ: TXN) and Franco-Italian chipmaker STMicroelectronics (NYSE: STM) warned of slowing demand.

While TI shares were down 6 percent in premarket trading, STMicro's stock was down 8 percent. Shares of Cypress Semiconductor (NASDAQ: CY), NXP Semiconductors (NASDAQ: NXPI) and Analog Devices (NASDAQ: ADI) were down nearly 2 percent before the bell.

Shares of Micron Technologies (NASDAQ:... More

Nasdaq confirms correction while S&P 500 and Dow erase 2018 gains

October 24, 2018 8:04 AM EDT

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and the S&P 500's gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth.

The Nasdaq closed down 12.4 percent from its Aug. 29 record closing high, falling 4.4 percent for the day in its biggest one-day percentage decline since Aug. 18, 2011.

Chipmakers Texas Instruments and STMicroelectronics (NYSE: STM) (NYSE: STM) warned of slowing... More

BlueFin Dismisses Rumor Intel (INTC) Killed Off 10nm

October 23, 2018 6:32 AM EDT

BlueFin analyst, Steve Mullane, is questioning SemiAccurate's report that Intel has terminated development of its 10nm process note after years of trying to get acceptable yields. Data points from the field suggest Intel (NASDAQ: INTC) still anticipates a production ramp in 10nm... More