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St. Jude Medical Announces First Implant of Portico Transcatheter Heart Valve, Sees Clinical Trial in Europe Starting in Late 2011
Tuesday, June 7, 2011 - 8:35am | 211St. Jude Medical, Inc. (NYSE: STJ), a global medical device company, today announced the first human implant of its Portico™ transcatheter aortic heart valve. The procedure was performed by Dr. John Webb, director of cardiac catheterization and interventional cardiology at St. Paul's Hospital in...
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Jefferies Provides Color on Becton, Dickinson and Co., Buy
Tuesday, June 7, 2011 - 7:37am | 142Jefferies provided color on Becton, Dickinson and Co. (NYSE: BDX). In a research report published today, Jefferies stressed strong performances of the company's Biosciences and Diagnostics units as the driver of the company's revenues. In the report, Jefferies states, "The outlook for both its...
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Top 4 Small-Cap Stocks In The Diagnostic Substances Industry With The Highest ROE
Tuesday, June 7, 2011 - 1:41am | 139Below are the top small-cap diagnostic substances stocks on the NYSE, the NASDAQ and the AMEX in terms of return on equity. The trailing-twelve-month return on equity at Trinity Biotech plc (NASDAQ: TRIB) is 53.87%. TRIB's PEG ratio is 0.94. The trailing-twelve-month return on equity at Accelr8...
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Mad Money Lightning Round OT: Cramer Likes BIDU (LUK, VOLC, SINA, BIDU)
Monday, June 6, 2011 - 7:43pm | 191On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he is not a buyer of Leucadia National Corp. (NYSE: LUK), because he doesn't know what is in its portfolio. Leucadia National Corp. (LUK) fell 2.48% today, and it closed at $33.04. Cramer doesn't want to buy Volcano Corporation (NASDAQ:...
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Today's Shorts Snapshot 06-06-2011
Monday, June 6, 2011 - 6:32pm | 993Cusick's Corner The market has broken down and while we are at potential congestion levels/support levels, the shorts are not covering at this stage. Right now the market is seeing volatility start to move and this is a point where you could see stocks get into a range, especially now that we are...
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It's Inverted Hammertime! 06-06-2011
Monday, June 6, 2011 - 3:25pm | 947Cusick's Corner With Finance and Energy challenged, plus AAPL under some pressure, the shorts have the strength on their side in spite of Friday's Bullish technical set up that created an inverted hammer. The market looks poised for continued safe haven buying, Gold/Silver, along with continued...
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Options Brief: Gen-Probe Incorporated
Monday, June 6, 2011 - 12:05pm | 81Shares of Gen-Probe Incorporated (NASDAQ: GPRO) are lower on the session by 13.34%, trading at $70.85. Overall call volume is now running at 6.12x the daily average, with 19% of all calls traded being purchases on the offer. 17,491 contracts have traded on the session so far. Gen-Probe...
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Options Brief: China Medical Technologies
Monday, June 6, 2011 - 10:34am | 80Shares of China Medical Technologies, Inc. (NASDAQ: CMED) are lower on the session by 2.20%, trading at $9.35. Overall put volume is now running at 2.88x the daily average, with 58% of all puts traded being purchases on the offer. 2,646 contracts have traded on the session so far. China Medical...
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Bank of America Merrill Lynch Maintains Neutral on Edwards Lifesciences
Monday, June 6, 2011 - 9:09am | 132Bank of America Merrill Lynch is out with its report today on Edwards Lifesciences (NYSE: EW), maintaining Neutral. In a note to clients, Bank of America Merrill Lynch writes, "Over the next five-plus years, there is no other new product opportunity in medtech of a similar potential size as the...
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Citigroup Comments on Covidien
Monday, June 6, 2011 - 8:40am | 115Oppenheimer commented on Covidien (NYSE: COV) in a report released today. In the report, Citigroup was positive in its assessment of the company. Citigroup writes, "We remain under the impression that even with easy US comparisons starting in 2Q, the med tech market will continue to struggle as...
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Crone Law Group Announces Dismissal of Lawsuit Against China North East Petroleum Holdings Limited
Monday, June 6, 2011 - 8:31am | 59The Crone Law Group announced today the dismissal of a consolidated shareholder derivative action against its client, China North East Petroleum Holdings Limited (NYSE: NEP), and certain of its current and former officers and directors, which was pending in the United States District Court for the...
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Stifel Nicolaus Maintains Hold on Analogic
Monday, June 6, 2011 - 8:18am | 102Stifel Nicolaus is out with its report today on Analogic (NASDAQ: ALOG), maintaining Hold. In a note to clients, Stifel Nicolaus writes, "Recently Analogic announced that its high-speed eXaminer XLB Explosives Detection System for checked baggage screening has received Transportation Security...
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Given Imaging Initiates 800-Patient Multi-Center, Pivotal Trial for PillCam COLON 2
Monday, June 6, 2011 - 7:22am | 218Given Imaging (NASDAQ: GIVN), a world leader in GI medical devices and pioneer of capsule endoscopy, today announced the initiation of and first PillCam COLON 2 capsule procedures in a large, multi-center, pivotal PillCam COLON 2 study, which will support the Company's planned 510(k) submission to...
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Top Trade Ideas for the Week of June 6, 2011: The Rest
Sunday, June 5, 2011 - 5:58pm | 118Here are the Rest of the Top 10: Analog Devices, Ticker:$ADI Analog Devices fell through the 50 and 100 day Simple Moving Averages (SMA) Friday. With a Relative Strength Index (RSI) pointing lower and a Moving Average Convergence Divergence (MACD) indicator growing more negative it looks to have...
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Earnings Highlights for the Week of June 6
Sunday, June 5, 2011 - 1:02pm | 1032S&P 500 components scheduled to report quarterly results this week include J.M. Smucker (NYSE: SJM), National Semiconductor (NYSE: NSM) and Pall Corp. (NYSE: PLL). While analysts on average are expecting strong earnings growth from Pall, the consensus forecast for Smucker is earnings about the...