(Reuters) - Macquarie Equities Research downgraded shares of Texas Instruments Inc <TXN.O>, Altera Corp <ALTR.O> and Xilinx Inc <XLNX.O> and cut its rating on the U.S. semiconductor sector to "neutral," citing stretched valuations and growing capacity.
Corporations hold large amounts of cash for a variety of reasons, including speculation on the price of assets, corporate acquisitions, future investments or even as a precaution against market uncertainty.
Several chipmakers this quarter turned in tepid earnings reports and weak outlooks, but some strategists say the industry may be nearing a bottom and there's still further room for upside in the stocks... Read More
The main topic of discussion this morning was Mario Draghi's interview in the Financial Times, where he warned that any country trying to leave the euro zone would still face austerity measures and would be "in a much weaker position." He reiterated no increase in the current bond buying program, and no printing money... Read More