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Puts Purchased on Marvell Technology Group (MRVL)
Monday, October 25, 2010 - 1:55pm | 143Shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) are lower on the session by 0.48%, currently trading at $17.61. The stock has been moving largely lower over the past six months, but recently bounced off of $15.00 and has now rallied above the 200-day moving average. First resistance is $19....
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Stoneridge Misses Estimates - Analyst Blog
Monday, October 25, 2010 - 1:24pm | 369Stoneridge Inc. (SRI) showed a profit of $649,000 or 3 cents per share in the third quarter of the year, in sharp contrast to a loss of $843,000 or 4 cents per share in the same quarter of the prior year. However, the company missed the Zacks Consensus Estimate by 8 cents per share. Sales in...
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Amerigon Announces Retirement of Chief Technical Officer
Monday, October 25, 2010 - 1:01pm | 54Amerigon Incorporated (Nasdaq: ARGN) announced today that Dr. Lon Bell, Chief Technical Officer and President of its research and development subsidiary BSST, will retire effective December 31, 2010. Dr. Bell has agreed to enter into a consulting contract with Amerigon and will remain on its...
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Wunderlich Securities Maintains Johnson Controls Rating And Price Target
Monday, October 25, 2010 - 11:07am | 78Johnson Controls, Inc. (NYSE: JCI) will report fiscal 4Q10 on Tuesday, October 26 before the open. Wunderlich Securities said that it expects the company to meet or beat consensus revenue and EPS. “Johnson Controls operates in three business segments: automotive, commercial HVAC, and automotive...
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Merger Arbitrage Mondays – October 25, 2010
Monday, October 25, 2010 - 4:33am | 4808Merger activity remained steady last week with six new deals announced and four closing. Deal Statistics: Total Number of Deals Closed in 2010 92 Total Number of Deals That Did Not Complete in 2010 6 Total Number of Pending Deals Cash Deals 55 Stock Deals 14 Stock & Cash Deals 13...
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ATC Technology Corporation Announces Completion of Merger With GENCO Distribution System, Inc.
Friday, October 22, 2010 - 10:20am | 147ATC Technology Corporation (ATC) (Nasdaq: ATAC), today announced that it has completed its merger with GENCO Distribution System, Inc. and is now a wholly-owned subsidiary of GENCO. Under the terms of the merger agreement, ATC stockholders will receive $25.00 per share in cash, without interest and...
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Stoneridge Reports Third-Quarter 2010 Results; EPS $.03
Friday, October 22, 2010 - 8:22am | 151Stoneridge, Inc. (NYSE: SRI) today announced improving financial results for the third quarter ended September 30, 2010. Net sales increased $42.4 million, or 36.0%, to $160.4 million, compared with $118.0 million for the third quarter of 2009, driven by market demand coupled with organic growth...
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Penny Stocks that Trade on the New York Stock Exchange
Friday, October 22, 2010 - 2:30am | 279About three years ago to the day, I wrote an article about the penny stocks that trade on the New York Stock Exchange. At that time, there were only four. Now there are eight stocks trading for less than a dollar a share on the NYSE. The stocks are as follows, along with the current price. W...
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Modine Manufacturing Enters Oversold Territory - Tale of the Tape
Thursday, October 21, 2010 - 12:33pm | 115Modine Manufacturing Co.'s (MOD) share price has entered into oversold territory with a stochastic value of 17.52. The Zacks Consensus Estimate on the company's earnings for year ending March 2011 has increased by 2 cents over the past two months to 29 cents per share. Modine Manufacturing Co. is a...
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Autoliv Buys China Seat Belt Maker - Analyst Blog
Wednesday, October 20, 2010 - 7:09pm | 387Autoliv Inc. (ALV) has revealed that it has acquired a majority stake (51%) of Delphi in a Chinese seatbelt maker, Beijing Delphi Automotive Safety Products (BDS). BDS was a joint venture between Delphi and Beijing Hainachuan Automotive Parts Company (BHAP), initiated in 2008. The joint venture...
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Bookkeeping: Closing China Automotive Systems (CAAS)
Wednesday, October 20, 2010 - 11:55am | 379Talk about a loser trade... I shorted China Automotive Systems (CAAS) below resistance ... and then it broke over causing me to stop out. I decided to go long in a "what the heck" moment, and now the stock broke back below support the past few sessions. So much for the 'breakout'. These small...
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Enova Announces Incremental 100 System Order
Wednesday, October 20, 2010 - 9:07am | 87Enova Systems, Inc. (NYSE: ENA) has received an incremental order to deliver 100 electric drive systems to Smith Electric Vehicles (SEV), manufacturer of the all-electric Smith Newton truck. The order for 100 Enova 120kW drive systems will be installed into Smith Newton trucks in Kansas City, MO....
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Raser Technologies Signs Term Sheet with Ormat Nevada
Wednesday, October 20, 2010 - 8:30am | 65Raser Technologies Inc. (NYSE: RZ) announced today that its subsidiary project company, Lightning Dock Geothermal No. 1, HI-01, LLC, signed a term sheet with Ormat Nevada, Inc., a subsidiary of Ormat Technologies, Inc. (NYSE: ORA), to provide the Engineering, Procurement and Construction of the...
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Increasing Sales and Profit Margins - Screen of the Week
Tuesday, October 19, 2010 - 4:36pm | 230Kevin Matras looks at the powerful combination of Sales Growth and Increasing Profit Margins. Highlighted stocks include ASYS, BTN, NM, SORL and WYN. AMTEC SYSTEMS (ASYS): Free Stock Analysis Report BALLANTYNE STRG (BTN): Free Stock Analysis Report NAVIOS MARITIME (NM): Free Stock Analysis Report ...
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Zacks.com featured expert Kevin Matras highlights: Amtech Systems, Inc., Ballantyne Strong, Inc., Navios Maritime Holdings Inc., SORL Auto Parts, Inc. and Wyndham Worldwide Corp. - Press Releases
Tuesday, October 19, 2010 - 2:39pm | 1252Chicago, IL – October 19, 2010 - Stocks in this week's article include Amtech Systems, Inc. (NASDAQ: ASYS), Ballantyne Strong, Inc. (AMEX: BTN), Navios Maritime Holdings Inc. (NYSE: NM), SORL Auto Parts, Inc. (NASDAQ: SORL) and Wyndham Worldwide Corp. (NYSE: WYN). Kevin Matras looks at the...