BRCM posts
FeedPosted Oct 26th 2009 2:00PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Broadcom Corp'A' (BRCM), Stocks to Buy
Options expert and stock trader Bernie Schaeffer combines fundamental, technical and sentiment-based metrics to select his specific trades.
In his latest The Options Advisor, he looks at a trio of diverse trades: wireless semiconductor play, Broadcom (NASDAQ: BRCM); homebuilder, Ryland Group (NYSE: RYL); and miner, Southern Copper (NYSE: PCU).
"Broadcom has rocketed up the charts in 2009, racking up a year-to-date gain of about 74%. The stock has stair-stepped consistently higher since January, capitalizing on support at its 10-week and 20-week moving averages.
"BRCM's relentless upward momentum has forced many short sellers out of their bearish positions, as short interest on the equity dropped by nearly 20% during the past month.
Continue reading Bernie's bets: A trio of trades from Schaeffer
Posted Oct 26th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Apple Inc (AAPL), Market matters, Broadcom Corp'A' (BRCM), Marvell Technology Group (MRVL), Stocks to Buy, Cramer on BloggingStocks
The Street.com's Jim Cramer says that after a tough week, the semiconductor industry finally gets some good news. Will
Marvell Technology (NASDAQ:
MRVL) (
Cramer's Take) give what
TriQuint (NASDAQ:
TQNT) (
Cramer's Take) and
Broadcom (NASDAQ:
BRCM) (
Cramer's Take) took away?
Last week, we had the one-two punch of TriQuint and Broadcom really making the whole Internet tsunami look more like a tropical storm. They both talked about withering demand, and Broadcom verified the bears' double-order thesis, but this morning Marvell says that things are on target, there's no wavering and demand is strong. Bears can take their pick.
Continue reading Cramer on BloggingStocks: Marvell could be a boon for the semis
Posted Oct 24th 2009 2:20PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Apple Inc (AAPL), Amazon.com (AMZN), McDonald's (MCD), 3M Corporation (MMM), Caterpillar (CAT), New York Times'A' (NYT), Bank of New York (BK), Hershey Co (HSY), Gannett Co (GCI), Morgan Stanley (MS), Kimberly-Clark (KMB), United Parcel'B' (UPS), Lockheed Martin (LMT), Broadcom Corp'A' (BRCM), SLM Corp (SLM)
Continue reading Earnings highlights: Amazon, Apple, Caterpillar, Hershey, McDonald's, UPS ...
Posted Oct 23rd 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Microsoft (MSFT), Amazon.com (AMZN), Broadcom Corp'A' (BRCM)

This was the day that could have been. Earnings were coming out favorably, yet the data just couldn't support the stocks. There were also trader comments that BofA/Merrill had large sell orders or sell programs throughout the day. It looks like the DJIA even closed out under the 10,000 mark on an unofficial basis.
Here were today's unofficial closing bell levels:
Dow 9,974.75 -106.56 (-1.06%)
S&P 500 1,079.73 -13.18 (-1.21%)
Nasdaq 2,154.47 -10.82 (-0.50%)
Top 10 Analyst CallsTop Day Traders StocksTop Stock/Market RumorsContinue reading Closing Bell: Losing the DJIA 10K (AMZN, BIIB, BRCM, COF, DOLE, MSFT, SPWRA)
Posted Oct 8th 2009 12:20PM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, eBay (EBAY), Adobe Systems (ADBE), AutoZone Inc (AZO), Clorox Co (CLX), Goldman Sachs Group (GS), Monster Worldwide (MNST), Analyst initiations, Broadcom Corp'A' (BRCM), Wells Fargo (WFC), Northrop Grumman (NOC)
Analyst upgrades:
- Deutsche Bank upgraded Clorox (NYSE: CLX) to Buy from Hold on valuation and believes upside to earnings forecasts is likely. The firm raised its target on shares to $66 from $65.
- Kaufman Bros. upgraded eBay (NASDAQ: EBAY) to Buy from Hold on expectations improved Marketplace fundamentals will serve as a positive catalyst for shares. The firm raised its price target on the stock to $29 from $22.
- Roth Capital believes Zumiez (NASDAQ: ZUMZ) is well positioned for improved results and margins. The firm, which upgraded shares to Buy from Hold and raised its target to $22 from $16, said September back-to-school results bode well for the holiday season and demonstrate that Zumiez can drive conversion during peak shopping periods.
- Northrop Grumman (NYSE: NOC) was upgraded to Sell from Conviction Sell at Goldman.
- Adobe (NASDAQ: ADBE) was upgraded to Outperform from Neutral at Baird.
- Monster Worldwide (NYSE: MWW) was upgraded to Overweight from Neutral at JPMorgan.
Continue reading Analyst upgrades, downgrades and initiations: ADBE, AZO, EBAY, GS, NOC, WFC ...
Posted Sep 29th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Hewlett-Packard (HPQ), Coca-Cola (KO), Analyst initiations
Analyst upgrades:
- FBR Capital upgraded U.S. Bancorp (NYSE: USB) and New York Community Bancorp (NYSE: NYB) to Market Perform from Underperform to reflect a new valuation framework. The firm raised its target on U.S. Bancorp to $21 from $14 and on New York Community Bancorp to $10 from $9.
- Stephens upgraded Insulet (NASDAQ: PODD) to Overweight from Equal Weight to reflect the company's top-line growth prospects and reasonable expectations. The firm raised its target on shares to $14 from $8.
- Baird upgraded Athenahealth (NASDAQ: ATHN) to Outperform from Neutral and raised its target to $46 from $37 based on expectations for revenue and gross margin expansion, and relative valuation.
- Broadcom (NASDAQ: BRCM) was upgraded to Overweight from Equal Weight at Barclays.
- Phillips-Van Heusen (NYSE: PVH) was upgraded to Buy from Neutral at BofA/Merrill.
- Reliant Energy (NYSE: RRI) was upgraded to Conviction Buy from Neutral at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: AZN, HPQ, KO, MA, SCHW, USB ...
Posted Jul 9th 2009 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Exxon Mobil (XOM), Goldman Sachs Group (GS), Analyst initiations
Analyst upgrades:
- Oppenheimer upgraded Amdocs (NYSE: DOX) to Outperform from Perform on expectations the company is gaining momentum following recent contract wins. The firm set a $27 price target on the stock.
- FBR Capital upgraded Starwood Hotels (NYSE: HOT) to Market Perform from Underperform after raising the Lodging sector to Overweight from Neutral. The firm cites improving demand data, potential foreign exchange benefits, and continued asset sales for the upgrade and raised its target price on Starwood to $19 from $14.
- BofA/Merrill upgraded Goldman Sachs (NYSE: GS) to Buy from Neutral. The firm expects Goldman to beat Q2 estimates due favorable trading and underwriting conditions. The firm raised estimates and increased its price target to $175 from $144.
- Jefferies (NYSE: JEF) was upgraded to Neutral from Sell at Pali Capital.
- KB Home (NYSE: KBH) was upgraded to Outperform from Neutral at Credit Suisse.
- Ciena (NASDAQ: CIEN) was upgraded to Market Perform from Underperform at JMP Securities.
Continue reading Analyst upgrades, downgrades and initiations: CIEN, GOLD, GS, INTU, KBH, XOM ...
Posted Jun 30th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: After the bell, General Electric (GE), Market matters, Broadcom Corp'A' (BRCM)

This morning's trading was looking solid enough and had enough overseas support with gains in Europe that it seemed as though we were going to have a rock solid end to one of the best performing quarters in years.
The Russell trade and the quarter-end failed to help. A
quiet ISM-prelude from Chicago Purchasing Managers was one thing, but a weak consumer confidence took the wind out of the sails of the bulls. The good news is that shares managed to close off their lows, but it still wasn't an up day. Here were today's unofficial closing bell levels:
Dow 8,448.06 -81.32 (-0.95%)
S&P 500 919.47 -7.76 (-0.84%)
Nasdaq 1,835.04 -9.02 (-0.49%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: The great day that could have been... (APOL, BRCM, ELX, GE, GERN, VICL)
Posted May 2nd 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Time Warner (TWX), Pfizer (PFE), Starbucks (SBUX), Motorola (MOT), Exxon Mobil (XOM), Verizon Communications (VZ), Office Depot (ODP), Eastman Kodak (EK), QUALCOMM Inc (QCOM), Dow Chemical (DOW), Burger King Hldgs (BKC), Goodyear Tire and Rubber (GT), MetLife Inc. (MET), Visa Inc. (V)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Starbucks, Kodak, Verizon, Visa, Office Depot, Baidu and more
Posted Apr 27th 2009 2:00PM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Deals, Good news, Law, QUALCOMM Inc (QCOM), Broadcom Corp'A' (BRCM), Options, Technical Analysis
Qualcomm (NASDAQ:
QCOM -
option chain) shares are rising today despite a
weak earnings report this morning after the company agreed to pay
$891 million to
Broadcom (NASDAQ:
BRCM) to dismiss all pending lawsuits between the two companies. The $891 settlement was not as high as the figure some analysts had feared QCOM would have had to pay BRCM. Plus, this dispute has been raging for quite some time with no end in sight, so a cessation of hostilities should be good for both companies. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on QCOM.
QCOM opened this morning at $42.35. So far today the stock has hit a low of $42.30 and a high of $44.59. As of 11:40, QCOM is trading at $43.78, up $2.42 (5.8%). The chart for QCOM looks bearish and
S&P gives QCOM a negative 2 STARS (out of 5) sell ranking.
Continue reading Is the Qualcomm-Broadcom dispute finally settled?
Posted Apr 23rd 2009 10:40AM by Jim Cramer (RSS feed)
Filed under: Google (GOOG), Yahoo! (YHOO), Apple Inc (AAPL), eBay (EBAY), Intel (INTC), Market matters, International Business Machines (IBM), Nokia Corp. (NOK), Best Buy (BBY), Corning Inc (GLW), Sun Microsystems (JAVA), Oracle Corp (ORCL), QUALCOMM Inc (QCOM), Broadcom Corp'A' (BRCM), Cramer on BloggingStocks
Continue reading Cramer on BloggingStocks: It's go with the flow on tech stocks
Posted Apr 23rd 2009 10:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Apple Inc (AAPL), International Business Machines (IBM), Morgan Stanley (MS), BP p.l.c. ADS (BP), QUALCOMM Inc (QCOM), Analyst initiations, Broadcom Corp'A' (BRCM), Teva Pharm Indus ADR (TEVA)
Analyst upgrades:
- Jefferies upgraded Brocade (NASDAQ: BRCD) to Buy from Hold on expectations expanding OEM partnerships, new products and entry into new markets will drive long-term growth. The firm's channel checks indicate the first phase of an IBM (NYSE: IBM) deal for ethernet products will be announced next week. Jefferies raised its target price on the stock to $6 from $3.50.
- JMP Securities upgraded Broadcom (NASDAQ: BRCM) to Market Perform from Underperform citing the potential settlement with Qualcomm (NASDAQ: QCOM). The firm said Broadcom has far more to gain than Qualcomm has to lose.
- Citigroup upgraded Air Products (NYSE: APD) and Praxair (NYSE: PX) to Buy from Hold on expectations that an improvement in customer operating rates will benefit gas companies. The firm raised its target price on Air Products to $70 from $55 and on Praxair to $79 from $63.
- Royal Bank of Scotland upgraded BP Plc (NYSE: BP) to Buy from Hold to reflect its dividend yield at current levels.
- Apple (NASDAQ: AAPL) was raised to Outperform from Underperform at RBC Capital.
- T. Rowe Price (NYSE: TROW) was upgraded at Sandler O'Neill to Hold from Sell.
- Morgan Stanley (NYSE: MS) was lifted to Neutral from Underperform at Banc of America/Merrill.
Continue reading Analyst upgrades, downgrades and initiations: QCOM, AAPL, IBM, BP, MS, VMW, TVA ...
Posted Apr 22nd 2009 1:20PM by Laurie Pasternack (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Ford Motor (F), General Motors (GM), Caterpillar (CAT), Colgate-Palmolive (CL), Dean Foods (DF), US Airways Group (LCC), Lockheed Martin (LMT), Analyst initiations, Broadcom Corp'A' (BRCM), Gilead Sciences (GILD), Andersons Inc (ANDE)
Analyst upgrades:
- Merriman upgraded Dendreon (NASDAQ: DNDN) to Buy from Neutral on expectations shares will react positively to the full IMPACT data release on April 28. The firm thinks Provenge could represent the first cancer immunotherapy approved in the U.S. and raised its valuation range on the stock to $33-$34 from $18-$19.
- Piper Jaffray upgraded Andersons (NASDAQ: ANDE) as it believes the valuation is attractive, investor expectations are low, and the company's fertilizer and rail segments could recovery in FY10. The firm has a $19 target on shares. Goldman upgraded the auto sector to Neutral from Cautious and added Ford (NYSE: F) to its Conviction Buy list. The analyst does not believe Ford will have to declare bankruptcy and sees the company benefiting from Chrysler share declines and GM's (NYSE: GM) reduced product offerings. Ford's price target is $6
- Banc of America/Merrill upgraded U.S. Airways (NYSE: LCC) to Buy from Underperform.
- Broadcom (NASDAQ: BRCM) was upgraded to Equal Weight from Underweight at Morgan Stanley.
- Caterpillar (NYSE: CAT) was raised to Overweight from Neutral at JP Morgan.
Continue reading Analyst upgrades, downgrades and initiations: DNDN, ANDE, the auto sector, DGX, MTB, ADVS, ITG, MF and PCLN
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