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Posts with tag Amkor

Earnings highlights: Anadarko, Disney, Coors, Unilever, Activision, Marvel and others

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Anadarko, Disney, Coors, Unilever, Activision, Marvel and others

Earnings highlights: Wal-mart, Crocs, Garmin, Safeway, Newmont and others

Here are a few highlights from this past week's earnings coverage from BloggingStocks:

Also, Jim Cramer sees Hewlett-Packard as a market bellwether, and Ted Allrich looks at some other bellwether stocks. Sheldon Liber gets a sense of deja vu from Exxon Mobil's (NYSE: XOM) big profits and its tussle with Chavez.

Upcoming results to watch for include Nordstom Inc. (NYSE: JWN), Macy's Inc. (NYSE: M), Washington Post Co. (NYSE: WPO), Dell Inc. (NASDAQ: DELL), Sprint-Nextel Corp. (NYSE: S), and Sears Holdings Corp. (NASDAQ: SHLD).

Visit AOL Money & Finance for more earnings coverage.

Analyst initiations 3-12-07: InterMune & Riverbed Tech initiated today

MORE NOTEWORTHY: InterMune, Inc (ITMN), Riverbed Technology, Inc (RVBD), Credence Systems Corp (CMOS) and MWI Veterinary Supply, Inc (MWIV) were today's more notable initiations:
  • American Technology started InterMune Inc (NASDAQ: ITMN) with a Buy rating and $29 target as the firm believes the recent share weakness in InterMune provides a buying opportunity. The firm expects significant news flow from the ITMN-191 program over the next 12 months to provide positive catalysts to shares.
  • Pacific Crest initiated Riverbed Technology Inc (NASDAQ: RVBD) with an Underperform rating and $22 target, citing valuation.
  • Credit Suisse started Credence Systems (NASDAQ: CMOS) with an Underperform rating and $3 target.
  • JP Morgan started MWI Veterinary (NASDAQ: MWIV) with an Overweight rating, saying industry fundamentals are favorable and MWIV's growth prospects are strong.
OTHER INITIATIONS:
  • UBS & Merrill Lynch both started Duncan Energy Partners (NYSE: DEP) with a Neutral rating.
  • Employers Holdings, Inc (NYSE: EIG) was initiated with an Equal-Weight rating at Morgan Stanley.
  • Needham initiated Cascade Microtech, Inc (NASDAQ: CSCD) with a Buy rating and $18 target.
  • Credit Suisse assumed coverage of Teradyne, Inc (NYSE: TER) and Amkor Technology (NASDAQ: AMKR) with a Neutral rating and $17 target.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Top Picks 2007: Todd Salamone chips in with Amkor

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Amkor Technology (NASDAQ: AMKR), a semiconductor packaging and test services firm, is the top speculative idea for 2007 from Todd Salamone. The editor of Equity WealthBuilder notes, "Amkor shares have been on a tear, more than doubling as of mid-December.

"The rally began when Amkor restated its 2005 and first-quarter 2006 earnings reports with the SEC, which resolved a potential conflict with bondholders. A second bullish catalyst was record third-quarter sales and a third-quarter profit -- after reporting a loss in the third quarter the prior year.

"On the technical front, the stock had consolidated since July 2004 at its lowest levels this decade. Now, a combination of positive earnings surprises and strong technical momentum in the shares could attract momentum players, while its P/E of 10 may attract valuation players.

"With positive catalysts in place, strong price action during recent weeks, and the potential for valuation players to take notice, there is a very good possibility that the unwinding of negative sentiment surrounding these shares could drive a sustained trend higher.

Continue reading Top Picks 2007: Todd Salamone chips in with Amkor

Analyst upgrades 10-12-06: McAfee, Amkor and Palm upgraded

MOST NOTEWORTHY: McAfee (MFE) and Amkor Technology (AMKR) top today's list of upgrades.

  • UBS upgraded McAfee Inc. (NYSE: MFE) to Buy from Neutral with a $32 target. The firm believes that McAfee could be an acquisition target following the management departures and that the company could reinstate its buyback program after its financials are filed.
  • Amkor Technology Inc. (NASDAQ: AMKR) was upgraded by Matrix USA to Strong Buy from Sell, citing strong demand for flip-chip and 3D packaging and testing, along with the stock's valuation. The broker sees upside to their $13/share intrinsic value.

OTHER UPGRADES:

  • Bear Stearns upgraded UTStarcom Inc. (NASDAQ: UTSI) to Peer Perform from Underperform citing the higher likelihood of a restructuring or acquisition following the hiring of Merrill Lynch as their financial advisor.
  • Goldman Sachs added Fidelity National Services Inc. (NYSE: FIS) to their Americas Buy List. The firm said shares of Fidelity National have underperformed due to the overhang from the FNF deal.
  • And finally, Palm Inc. (NASDAQ: PALM) was upgraded to Strong Buy from Buy on valuation at Matrix USA.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA+152.2511,384.21
NASDAQ+51.122,294.44
S&P 500+21.391,273.70

Last updated: July 09, 2008: 04:11 AM

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