NEW YORK, April 17, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including 58.com (NYSE: WUBA), Micron Technology (NASDAQ: MU), Taiwan Semiconductor Mfg (NYSE: TSM), EMC (NYSE: EMC), and Advanced Micro Devices (NASDAQ: AMD). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
WUBA Research Report: ( http://get.analystsreview.com/pdf/?c=58.com%20Inc.&d=17-Apr-2015&s=WUBA ),
MU Research Report: ( http://get.analystsreview.com/pdf/?c=Micron%20Technology&d=17-Apr-2015&s=MU ),
TSM Research Report: ( http://get.analystsreview.com/pdf/?c=Taiwan%20Semiconductor%20Mfg&d=17-Apr-2015&s=TSM ),
EMC Research Report: ( http://get.analystsreview.com/pdf/?c=EMC%20Corporation&d=17-Apr-2015&s=EMC ),
AMD Research Report: ( http://get.analystsreview.com/pdf/?c=Advanced%20Micro%20Devices&d=17-Apr-2015&s=AMD ).
Analyst Update: Merger, Financial Results, New Product Launch, and Upcoming Earnings
Reviewed by: Rohit Tuli, CFA®
US stocks ended marginally lower on Thursday, as worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts. The Dow Jones industrial average fell 6.84 points, or 0.04%, to end at 18,105.77; the S&P 500 lost 1.64 points, or 0.08%, to 2,104.99; and the Nasdaq Composite dropped 3.23 points, or 0.06%, to 5,007.79. European markets finished broadly lower on Thursday with growing concerns about Greece's debt situation prompting investors to take some profits after the previous session's 14-year highs. The DAX closed 1.94% lower, France's CAC 40 declined by 0.57% and London's FTSE 100 declined by 0.51%. The pan-European FTSEurofirst 300 index closed 0.9% lower at 1,635.76 points. Chinese shares rebounded on stimulus hopes a day after gloomy first-quarter economic numbers with the Shanghai composite index rising 2.1% to 4,168.85, while other Asian benchmarks were mixed.
58.com Inc. (WUBA) shares jumped over 33.5% to close at a record high of $67.87 on April 14, 2015, following reports that the Chinese classified ad specialist has agreed to merge with competitor Ganji.com. The stock reported a trading volume of 16.5 million shares, 22 times higher than the three-month average.
Micron (MU) announced its financial results on April 1, 2015, for the second quarter of fiscal year 2015 (period ended March 5, 2015). Revenues fell by 9% QoQ to $4.17 billion, but were up by 1% YoY, primarily due to declines in DRAM unit volumes and decreases in average selling prices for both NAND and DRAM.
Taiwan Semiconductor Mfg (TSMC) is set to introduce a new production technique as it tries to fend off competition for made-to-order semiconductors. According to Co-Chief Executive Officer Mark Liu, the Company will offer 10-nanometer (NM) manufacturing as early as the end of next year.
Shares of EMC Corporation (EMC) rose by 1% to finish at $26.2 on April 14, 2015. However, the Company reported a trading volume of 13.6 million shares as compared to its last four days average of 22.2 million.
Advanced Micro Devices (AMD) announced certification for Avid Media Composer® 8.4 to support broadcast and digital content creation customers for successful HD and 4K workflows powered by AMD FirePro™ professional graphics, both for Microsoft Windows® and the Mac Pro workstations.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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