Alcoa BEATS Analyst Estimates and 3 Heavily Traded Shares to Note

Advanced Micro Devices, Inc.’s (NYSE:AMD) second quarter warning was not only related to demand, says Nomura, but the problem is also linked to a declining desktop CPU position in the wake of Intel’s (NASDAQ:INTC) Ivy Bridge intro. However, Goldman suspects that market share factors could be pertinent; the fact that Intel and Nvidia (NASDAQ:NVDA) shares are just barely down implies that the Street thinks some of AMD’s problems are peculiar to that company. Jefferies contends that low inventories, lower multiples, and stable gross margins make AMD an opportunity to buy.

Don’t Miss: Research in Motion FINALLY Sets New Launch Date for BB10.

ARMOUR Residential REIT, Inc. (NYSE:ARR) reported Tuesday that it has priced an underwritten public offering of 40,000,000 shares of common stock, and that underwriters have a 30-day option to buy up to 6,000,000 additional shares. The said underwriters offer the shares in one or more transactions through the over-the-counter market or in negotiated transactions using market prices or at negotiated prices. July 13th will be the last day of the offering.

Alcoa Inc. (NYSE:AA), the largest American aluminum producer, released its second quarter earnings and revenue, which exceeded analysts’ estimates after a rise in orders received from the auto and aerospace industries. The company announced Monday in a statement, that profit was 6 cents per share, bettering the 5-cent average of 19 estimates compiled by Bloomberg. Sales dropped 9.4 percent to $5.96 billion, which was higher than the $5.81 billion average of 11 estimates.

Intel Corporation (NASDAQ:INTC) has company in investing in ASML, as the Dutch chip-equipment maker has also requested that its top customers TSMC, which ranks as the world’s top contract chip maker, and Samsung (SSNLF.PK) to co-invest. If this comes about, it could well spoil any intentions of Intel to use its stake in ASML to hold a manufacturing lead over Samsung.

Investing Insights: Wall Street Brief: Amazon Preps for MASS Production of New Smartphone, JPMorgan Claws Back MILLIONS.

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