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From Briefing.com: 4:49 pm Ixys misses by $0.05, reports revs in-line; guides Q2 revs in-line (IXYS) : Reports Q1 (Jun) earnings of $0.14 per share, $0.05 worse than the single analyst estimate of $0.19; revenues fell 1.7% year/year to $80.64 mln vs the $79.93 mln single analyst estimate. Co issues in-line guidance for Q2, sees Q2 revs of at least $80.65 mln vs. $80.97 mln single analyst estimate.

4:36 pm Ingram Micro beats by $0.12, beats on revs, gross margin +88 bps y/y to 7.1% (IM) :

Reports Q2 (Jun) earnings of $0.61 per share, $0.12 better than the Capital IQ Consensus of $0.49; revenues fell 4.1% year/year to $10.12 bln vs the $9.74 bln Capital IQ Consensus.2016 second quarter worldwide sales were negatively impacted versus last year by nearly $200 million, or 2 percent, related to the company negotiating a favorable change in contract terms with some customers in Europe, as highlighted earlier this year, which leads to recognizing these sales on a net basis versus a gross basis as the company did in the second quarter of last year. Last year's second quarter sales also benefited from approximately $125 million, or 1 percent, in North American mobility distribution business that the company elected to exit this year due to profitability levels that did not meet the company's objectives. Recent acquisitions contributed approximately 2 percentage points of growth to 2016 second quarter worldwide sales. Gross margin increased 88 basis points year-over-year to 7.10 percent. A better mix of high value business and solid operating leverage across most regions more than offset continued strategic investment, particularly in cloud and commerce and fulfillment solutions in international markets.Earlier in the year, Ingram Micro announced it will be acquired by Tianjin Tianhai Investment Co. for $38.90 a share in cash.

4:30 pm Ultra Clean Holdings beats by $0.02, beats on revs; guides Q3 EPS above consensus, revs above consensus (UCTT) :

Reports Q2 (Jun) earnings of $0.10 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.08; revenues rose 10.5% year/year to $129.83 mln vs the $125.16 mln Capital IQ Consensus. Co issues upside guidance for Q3, sees EPS of $0.11-0.14, excluding non-recurring items, vs. $0.10 Capital IQ Consensus Estimate; sees Q3 revs of $133-138 mln vs. $127.18 mln Capital IQ Consensus Estimate.

4:29 pm Cypress Semi reports EPS in-line, revs in-line; guides Q3 EPS in-line, revs in-line (CY) :

Reports Q2 (Jun) earnings of $0.12 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.12; non-GAAP revenue came in at $456.4 mln vs the $455.2 mln Capital IQ Consensus. Co issues in-line guidance for Q3, sees EPS of $0.12-0.16, excluding non-recurring items, vs. $0.15 Capital IQ Consensus Estimate; sees Q3 non-GAAP revs of $510-540 mln, excluding non-recurring items, vs. $475.7 mln Capital IQ Consensus Estimate.

4:23 pm Intersil beats by $0.01, reports revs in-line; guides Q3 EPS in-line, revs in-line (ISIL) :

Reports Q2 (Jun) earnings of $0.17 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.16 and at the high end of $0.15-0.17 prior guidance; revenues rose 1.2% year/year and 3.7% sequentially to $134.0 mln vs the $133.35 mln Capital IQ Consensus and vs prior guidance of $130-136 mln. Co issues in-line guidance for Q3, sees EPS of $0.18-0.20, excluding non-recurring items, vs. $0.18 Capital IQ Consensus Estimate; sees Q3 revs of $135-140 mln vs. $138.8 mln Capital IQ Consensus Estimate.Revenue improved sequentially due to strength in the company's I&I products. Aerospace revenue achieved a recent record, while automotive revenue was near record levels in the quarter. Both I&I power and industrial analog were up again sequentially as a result of improving end market demand.

4:20 pm Pixelworks beats by $0.05, beats on revs; guides Q3 revs below consensus (PXLW) :

Reports Q2 (Jun) loss of $0.03 per share, $0.05 better than the Capital IQ Consensus of ($0.08); revenues fell 16.6% year/year to $12.58 mln vs the $12.03 mln Capital IQ Consensus. Co issues downside guidance for Q3, sees Q3 revs of $13-14 mln vs. $14.23 mln Capital IQ Consensus Estimate.Gross profit margin of approximately 48% to 50% on both a GAAP basis and non-GAAP basis; Operating expenses of $8 million to $9 million on a GAAP basis and $7 million to $8 million on a non-GAAP basis.

4:19 pm Western Digital beats preannounced earnings, beats on revs (WDC) :

Reports Q4 (Jun) earnings of $0.79 per share, $0.08 better than the Capital IQ Consensus of $0.71; revenues rose 9.5% year/year to $3.5 bln vs the $3.45 bln Capital IQ Consensus. On July 6, co preannounced Q4 EPS $0.72 from $0.65-0.70 guidance vs $0.68 Capital IQ Consensus; revs $3.46 bln from $3.35-3.45 bln vs $3.41 bln Capital IQ ConsensusCo guides on their call, which begins at 5:00 pm ET.

4:16 pm Rudolph Tech beats by $0.07, beats on revs; guides Q3 EPS above consensus, revs in-line (RTEC) :

Reports Q2 (Jun) earnings of $0.31 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.24; revenues rose 5.4% year/year to $62.7 mln vs the $60.26 mln Capital IQ Consensus. Co issues guidance for Q3, sees EPS of $0.27-0.31, excluding non-recurring items, vs. $0.25 Capital IQ Consensus Estimate; sees Q3 revs of $59-63 mln vs. $61.30 mln Capital IQ Consensus Estimate.

4:13 pm Microsemi beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs in-line (MSCC) :

Reports Q3 (Jun) earnings of $0.73 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.72; revenues rose 36.0% year/year to $431.4 mln vs the $430.26 mln Capital IQ Consensus. Co issues in-line guidance for Q4, sees EPS of $0.83-0.97, excluding non-recurring items, vs. $0.86 Capital IQ Consensus Estimate; sees Q4 revs of $438-458 mln vs. $444.32 mln Capital IQ Consensus Estimate.

4:12 pm Luminex beats by $0.15, beats on revs; guides Q3 revs above consensus; guides FY16 revs above consensus (LMNX) :

Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, $0.15 better than the Capital IQ Consensus of $0.18; revenues rose 8.9% year/year to $64.17 mln vs the $61.0 mln Capital IQ Consensus. Co issues upside guidance for Q3, sees Q3 revs of $67-70 mln vs. $62.5 mln Capital IQ Consensus Estimate. Co issues upside guidance for FY16, sees FY16 revs of $261-269 mln vs. $251.4 mln Capital IQ Consensus Estimate. Note: This revised full year revenue guidance factors in a contribution from Nanosphere of between $13-16 mln in the second half of 2016. "Another record quarterly revenue result, driven by a strong performance in our partner business, along with healthy gross margins and overall profitability, reflect the strength of our business and our ability to execute well...Clearly, we are excited about the addition of Nanosphere. The excellent strategic fit and high growth potential will reward customers and shareholders alike."

4:09 pm Alphabet beats by $0.38, beats on revs (GOOG) :

Reports Q2 (Jun) earnings of $8.42 per share, $0.38 better than the Capital IQ Consensus of $8.04; revenues rose 21.3% year/year to $21.5 bln vs the $20.77 bln Capital IQ Consensus.Non-GAAP Operating Margin 35% compared to 34% in Q1Cost of revenues as a % 38% compared to 37% in prior yearCapEx $2.123 bln compared to $2.515 bln in prior year period.Free Cash Flow $6.997 bln compared to $4.581 bln in prior year.Other Bets revenue $185 mln compared to $74 mln in prior year; Operating Loss $859 mln compared to $660 mln in prior year.Aggregate Paid Clicks Q2 +29%;-Q1 +29%;Q4 +31%; Q3 +23%. Paid Clicks on Google websites- Q2 +37%;Q1 +38%; Q4 +40%; Q3 +35%. Paid clicks on member sites- Q2 0%;Q1 +2%; Q4 +2%; Q3 -5%. Aggregate cost per click- Q2 -7%; Q1 -9%; Q4 -13%; Q3 -11% CPC on Google sites- Q2 -9%;Q1 -12%; Q4 -16%; Q3 -16%. CPC on member sites- Q1 -8%; -8%; Q4 -8%; Q3 -4%.

4:09 pm Amazon beats on the top and botton line; guides Q3 revs in-line (AMZN) :

Reports Q2 (Jun) earnings of $1.78 per share, $0.66 better than the Capital IQ Consensus of $1.12; revenues rose 31.1% year/year to $30.4 bln vs the $29.57 bln Capital IQ Consensus and $28.0-30.5 bln guidance.Operating income $1.3 bln vs. $375-975 mln guidance and $900 mln estimate.North American sales +28% to $16.52 bln; operating income +102% to $702 mln.International sales +29% to $9.8 bln; op. income ($135) mln.AWS sales +58% to $2.9 bln; operating income +126% to $718 mln.Co issues in-line guidance for Q3, sees Q3 revs of $31.0-33.5 bln vs. $31.66 bln Capital IQ Consensus; operating income is expected to be between $50 million and $650 million vs. $800 mln est, compared with $406 million in third quarter 2015.

4:07 pm Power Integrations beats by $0.10, beats on revs; guides Q3 revs in-line (POWI) :

Reports Q2 (Jun) earnings of $0.60 per share, $0.10 better than the Capital IQ Consensus of $0.50; revenues rose 14.0% year/year to $97.2 mln vs the $90.98 mln Capital IQ Consensus. Co issues in-line guidance for Q3, sees Q3 revs of $96-$102 mln vs. $96.31 mln Capital IQ Consensus Estimate. Non-GAAP gross margin is expected to be between 50.0-50.5%. Non-GAAP operating expenses are expected to be approximately $31 mln.

4:05 pm Brooks Automation beats by $0.03, beats on revs; guides Q4 EPS below consensus, revs below consensus (BRKS) :

Reports Q3 (Jun) earnings of $0.16 per share, $0.03 better than the Capital IQ Consensus of $0.13; revenues rose 1.8% year/year to $147.53 mln vs the $144.08 mln Capital IQ Consensus. Co issues downside guidance for Q4, sees EPS of $0.14-0.17 vs. $0.18 Capital IQ Consensus Estimate; sees Q4 revs of $146-151 mln vs. $153.68 mln Capital IQ Consensus Estimate.

4:04 pm Cohu beats by $0.01, beats on revs (COHU) :

Reports Q2 (Jun) earnings of $0.22 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.21; revenues rose 1.6% year/year to $76.4 mln vs the $73.93 mln Capital IQ Consensus.

4:03 pm CyberOptics reports Q2 EPS of $0.29 versus ($0.11) last year; revs +81% YoY to $18.6 mln (no ests) (CYBE) :

"CyberOptics ended the second quarter with a backlog of $14.7 million. As stated previously, our quarterly results will fluctuate somewhat on a sequential basis, reflecting the pace of new orders for our 3D products and customer acceptances of our MX600 backlog...For the quarter ending September 30, we are forecasting sales of $13 to $15 million, which represents another period of profitability and robust year-over-year sales growth. We also are forecasting strongly improved year-over-year sales and earnings for the fourth quarter."

4:25 pm : The major averages ended Thursday's session with some fight, but ultimately closed the day mixed and with modest changes. The Nasdaq (+0.4%) outperformed on the back of Facebook's (FB 125.00, +1.66) glowing earnings report and some dealmaking that included Oracle (ORCL 41.19, +0.26) acquiring NetSuite (N 108.41, +16.84) for $9.3 billion in cash.

Overall, there was an air of hesitation in the air ahead of some key happenings, including earnings reports from Amazon.com (AMZN 752.61, +15.94) and Alphabet (GOOG 745.91, +4.14) after Thursday's close, a policy decision from the Bank of Japan, and the stress test results from the European Banking Authority on Friday.

Other limiting factors included the continued slide in oil prices, underlying frustration with the Fed's uncertain policy outlook, a cautious-sounding outlook from Ford (F 12.71, -1.13), and a nagging sense the market may be due for a consolidation phase after its strong run off the June 27 post-Brexit low. Even so, sellers didn't show a lot of conviction today as the market continued to exhibit an inclination to buy on dips versus selling on strength.

Equities began the day on a choppy note, responding to a plethora of quarterly earnings reports and yesterday's policy statement from the Federal Open Market Committee. The Fed voted to maintain its key policy rate, but left its larger policy intentions open ended.

On the earnings front, technology (+0.4%) heavyweight Facebook blew past analysts' estimates for the quarter while Ford disappointed investors with its bottom-line result and a warning regarding its full-year outlook.

The major averages went on the defensive in early action, weighed down by a retreat in oil futures. WTI crude fell from the $42.00/bbl price level at the start of the session and slipped to the $41.10/bbl area shortly before midday.

The S&P 500 retreated to the 2160 area where it found support and clawed its way back from there before seeing a slight dip into the close.

The heavily-weighted financial (+0.2%) and technology (+0.2%) sectors helped lead the afternoon reversal. Six sectors ended above the flat line, with the consumer staples sector (+0.5%) logging the biggest advance. The telecom services (-0.7%), energy (-0.2%), materials (-0.1%), and health care (-0.04%) sectors ended in negative territory.

The relative strength in the consumer staples sector was fueled by Anheuser-Busch InBev (BUD 125.92, +3.98), which rallied 3.3% ahead of tomorrow morning's earning release. The stock also benefited from reports that indicated that major shareholders of SABMiller PLC (SBMRY 57.55, +1.30) approve of Anheuser-Busch InBev's revised takeover offer for the company. Separately, Molson Coors Brewing (TAP 97.75, +4.62) gained 5.0% as its stands to acquire SABMiller PLC's interest in MillerCoors in the transaction.

In the consumer discretionary space, Amazon.com outperformed ahead of this evening's earnings report. Elsewhere, Dow component Home Depot (HD 137.96, +1.65) topped the price-weighted index while automakers underperformed alongside Ford.

The U.S. Dollar Index (96.69, -0.36) ended modestly lower as the euro and the commodity-currencies gained ground against the buck. The euro/dollar pair finished higher by 0.2% (1.1077) while the greenback lost 0.2% against the Canadian dollar (1.3158). The dollar/yen pair finished flat (105.40) ahead of tomorrow's policy statement from the Bank of Japan.

Treasuries finished on a mixed note. The short-end of the Treasury curve saw some modest buying interest while the long end lagged. The yield on the 10-yr note finished higher by one basis point at 1.50%.

Today's trading volume was in-line with the recent average as more than 853 million shares changed hands on the NYSE floor

Today's economic data included weekly initial claims and International Trade in Goods for June:

Initial claims for the week ending July 23 increased by 14,000 to 266,000 (Briefing.com consensus 260,000).
Overall, there is nothing in this report that will make the market anxious about a weakening in labor market conditions.
There were no special factors influencing the claims reading, which remained below 300,000 for the 73rd straight week.
The four-week moving average for initial claims dropped by 1,000 to 256,500.
Continuing claims for the week ending July 16 were 2.139 million, up 7,000 from the prior week.
The four-week moving average for continuing claims decreased by 7,000 to 2.135 million, which is the lowest average since November 11, 2000.
June International Trade in Goods showed a deficit of $63.30 billion, compared to the May deficit of $60.59 billion.

Tomorrow's economic data will include the advance estimate for Q2 GDP (Briefing.com consensus +2.6%), which will cross the wires at 8:30 ET. The Chicago PMI for July (Briefing.com consensus 54.0) and the final reading of the University of Michigan Consumer Sentiment Survey for July (Briefing.com consensus 90.0) will be released at 9:45 ET and 10:00 ET, respectively.

Russell 2000 +7.3% YTD
S&P 500 +6.2 % YTD
Dow Jones +5.9 % YTD
Nasdaq +3.0% YTD

DJ30 -15.82 NASDAQ +15.17 SP500 +3.48 NASDAQ Adv/Vol/Dec 1381/1.800 bln/1577 NYSE Adv/Vol/Dec 1527/853.0 mln/1429

3:30 pm :

The dollar index is down -0.3% around the 96.73 level, aiding select commodities
Commodities, as measured by the Bloomberg Commodity Index, are up +0.3% around the 83.40 level
Crude oil ends near session lows for the six consecutive trading session on the heels of its inventory data
August crude oil futures fell $0.77 (-1.8%) to $41.13/barrel
This is the 6th consecutive session crude has declined
Rig count data will be released tomorrow at 1 pm ET
Monthly IEA data will be released on Aug 11
Natural gas surges to multi-week highs after EIA data showed a smaller-than-expected build compared to Consensus
August natural gas closed $0.20 higher (+7.5%) at $2.86/MMBtu
In precious metals, gold ends near session lows after an initial morning rally, as the dollar index eases off its morning lows
August old ended today's session up $5.90 (+0.4%) to $1332.50/oz
Silver reverses its initial morning gains along with gold, closing near session lows, still up on the day on a weak dollar
September silver closed today's session $0.24 higher (+1.2%) at $20.23/oz
Base metal copper reverses this morning's losses and inches higher to close in the green
September copper closed $0.02 higher (+0.9%) at $2.21/lb

Today's session began on a choppy note as participants ruminated over a mixed set of earnings results and yesterday's policy statement from the Federal Open Market Committee. The Fed maintained its key interest rate, but failed to offer strong hints regarding policy intentions. However, the Fed did voice a more optimistic view of the U.S. economy, stating that near-term risks to the economic outlook had diminished. Separately, the Bank of Japan will be issuing its latest policy statement tonight.

Market data out today came in the form of initial claims for the week ending July 23 increased by 14,000 to 266,000. Also, continuing claims for the week ending July 16 were 2.139 million, up 7,000 from the prior week. Lastly, June International Trade in Goods showed a deficit of $63.30 billion, compared to the May deficit of $60.59 billion.

Thursday closed on a third-straight session of mixed trading. Leading action higher, the Nasdaq Composite added 15.17 points (+0.30%) to close 5154.98. The S&P 500 also was up, higher by 3.48 points (+0.16%) at the close to 2170.06. The Dow Jones Industrial Average was the lone laggard, shedding 15.82 points (-0.09%) today to end 18456.35.

A modest session by the Technology (XLK 46.28, +0.03 +0.06%) sector closed with the space just above flat lines. Component Automatic Data (ADP 91.73, -3.20 -3.37%) reported a mixed quarter and ultimately ended in the red as the FY17 EPS guide came in light. Component Facebook (FB 125.00, +1.66 +1.35%) also stood on decent gains today following its latest quarterly results, which beat on the top and bottom lines of market expectations. Other sectors as measured by the S&P closed XLP +0.44%, XLU +0.39%, XLF +0.21%, XLY +0.18%, XLE +0.01%, XLI -0.03%, XLV -0.09%, XLB -0.14%, IYZ -0.87% as Consumer Staples out-performed and Telecoms lagged.

In the S&P 500 Information Technology (767.72, +2.62 +0.34%) sector, trading was capped off by a session which tucked in just below highs of the day as late day strength pulled the sector out of the red. Component Oracle (ORCL 41.19, +0.26 +0.64%) was modestly higher following news out this morning that the company acquired NetSuite (N 108.41, +16.84 +18.39%) for $109 per share in cash. Other names in the space which finished higher with the sector included RHT +1.07%, CRM +1.02%, V +0.84%, SYMC +0.79%, TDC +0.67%, FISV +0.65%.

Other notable news items among sector components:

Oracle (ORCL) to acquire NetSuite (N) for $109.00 per share in cash, or about $9.3 billion. ORCL expects the deal to be immediately accretive on a non-GAAP basis in the first full year after closing. The deal is expected to close in 2016. The closing is subject to a condition that a majority of NetSuite's outstanding shares not owned by executive officers or directors of NetSuite, or persons affiliated with Larry Ellison, his family members and any affiliated entities, be tendered in the tender offer.

Accenture (ACN 112.08, -1.63 -1.43%) acquired Tecnilgica, a Spanish company specializing in the use of emerging and open source technologies to build innovative omni-channel experiences for a wide range of mobile, web, touchscreens, wearables and IoT enabled devices. Financial details of the deal were not disclosed.

MasterCard (MA 96.01, +2.26 +2.41%) and PayPal (PYPL 37.22, flat) renewed card program with multi-year extension of co-branded consumer credit card program in the U.S. and Puerto Rico.
SJ Semiconductor and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM 62.43, -0.08 -0.13%), jointly announced that SJSemi has begun mass production of 14nm wafer bumping for Qualcomm Technologies.

Cognizant (CTSH 57.89, -0.36 -0.62%) has acquired Idea Couture, a privately-held firm that offers a broad range of digital innovation, strategy, design and technology services. The terms of the transaction were not disclosed.

The Western Union Company (WU 20.20, -0.19 -0.93%) announced the completion of the primary recommendations made by the monitor pursuant to the Southwest Border settlement agreement, dated February 11, 2010.

Elsewhere in the tech space:

Avnet (AVT 41.09, -0.24 -0.59%) raised its offer to acquire Premier Farnell to 1.85 per share.

Splunk (SPLK 62.12, +2.62 +4.40%) Chief Marketing Officer Steven Sommer to retire effective September 15, 2017.

MINDBODY (MB 17.13, -0.13 -0.75%) Co-Founder and COO, Robert Murphy, stepped down. Current CFO Brett White has been given the additional role of COO, Murphy will remain a member of the Board.

Hutchinson Tech. (HTCH 2.00, -0.04 -1.96%) disclosed the receipt of letter from the Antitrust Division of the DOJ, which has opened an investigation relating to the sale of suspension assemblies for use in hard disk drives.

Sony (SNE 30.68, +0.29 +0.95%) announced the signing of a memorandum of understanding regarding the transfer of its battery business.

FICO (FICO 115.60, -1.91 -1.63%) announced a $250 million stock repurchase program.

Communications Systems (JCS 7.34, +0.13 +1.80%) to acquire the health information technology business unit of Constellation. Financial terms of the deal were not disclosed.

In reaction to quarterly results:

Facebook (FB) reported better than expected Q2 EPS and revenues of $0.97 and $6.44 billion, respectively. Daily active users were 1.13 billion, up 17% versus last year and mobile advertising revenues were about 84% of total advertising revenues, a 76% increase versus last year.

MasterCard (MA) reported better than expected Q2 EPS and revenues of $0.96 and $2.69 billion, respectively.

Automatic Data (ADP) reported better than expected Q4 EPS of $0.69 and worse than expected revenues which rose 7.6% versus last year to $2.9 billion. The company also guided FY17 EPS below market expectations at $3.59-3.65 on revenues of $12.52-12.75 billion.

NXP Semi (NXPI 84.35, -3.09 -3.53%) reported better than expected Q2 EPS and revenues of $1.39 and $2.37 billion, respectively. Gave revenue guidance for Q3 of $2.42-2.47 billion.

Lam Research (LRCX 93.08, +1.12 +1.22%) reported better than expected Q4 EPS and revenues of $1.80 and $1.55 billion, respectively. The company also guided Q1 EPS and revenues in-line at $1.67-1.87 and $1.55-1.70 billion, respectively.

Xilinx (XLNX 51.09, +1.25 +2.51%) reported better than expected Q1 EPS of $0.61 on in-line revenues which rose 4.7% versus last year to $574.9 million. XLNX also guided SeptQ revenues about flat sequentially.

GoPro (GPRO 13.02, +1.45 +12.53%) reported a better than expected Q2 loss per share of $0.52 on better than expected revenues which fell 47.4% versus last year to $220.8 million.

Companies scheduled to report quarterly results tonight/tomorrow morning: ATEN GOOG AMZN BIDU BCOV BRKS COHU CY DTLK DGII ELLI EXPE FICO FTNT GIMO GSIT IM ISIL INVN IXYS MTD MSCC MSTR MOBL NSR PCCC PDFS PXLW POWI QSII ROVI RTEC SBAC SYNA UCTT VDSI VRSN WDC/CTS HTCH MGI MOSY XRX

Analyst actions:

AAPL was upgraded to Buy from Long Term Buy at Hilliard Lyons,
MRVL was upgraded to Outperform from Market Perform at Northland Capital,
TRIP was upgraded to Mkt Perform from Underperform at Raymond James,
TSS was upgraded to Overweight from Equal Weight at First Analysis Sec,
MTCH was upgraded to Overweight from Neutral at JP Morgan,
AXTI was upgraded to Buy from Hold at Needham;
INFN was downgraded at Northland Capital, Jefferies, Raymond James, JP Morgan and Nomura,
FB was downgraded to Neutral from Buy at Monness Crespi & Hardt,
ATVI was downgraded to Neutral from Buy at MKM Partners,
N was downgraded to Neutral from Buy at DA Davidson,
TERP was downgraded to Mkt Perform from Mkt Outperform at Avondale,
LVLT was downgraded to Neutral from Overweight at JP Morgan;
NTCT and CRAY were initiated with Overweight ratings at Pacific Crest,
MLNX and SMCI were initiated with a Sector Weight ratings at Pacific Crest