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Options Brief: II-VI
Tuesday, August 2, 2011 - 10:28am | 75Shares of II-VI (NASDAQ: IIVI) are lower on the session by 11.05%, trading at $22.42. Overall put volume is now running at 7.45x the daily average, with 9% of all puts traded being purchases on the offer. 1,118 contracts have traded on the session so far. II-VI Incorporated develops, refines,...
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Earnings Roundup
Tuesday, August 2, 2011 - 8:30am | 1919Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...
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Duke Energy Tops Estimates
Tuesday, August 2, 2011 - 7:45am | 444Duke Energy (NYSE: DUK) announced its results for the second quarter on August 2, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next. Earnings and Revenue: Duke Energy managed to exceed Wall Street estimates with stronger-...
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Wunderlich Securities Reiterates Buy and PT of $4 on UQM Technologies
Tuesday, August 2, 2011 - 7:34am | 42Wunderlich Securities reiterated its Buy rating on UQM Technologies (NYSE: UQM). At the same time, the rating agency left its price target on the company's stock at $4. On Monday, UQM closed the day at $2.07.
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GT Solar Receives $55.1 Million in New Orders for Polysilicon Production Equipment and Technology
Tuesday, August 2, 2011 - 7:07am | 157GT Solar International, Inc. (NASDAQ: SOLR), today announced that it has received an order from a new customer in Asia for polysilicon production equipment totaling $55.1 million. The new order represents GT Solar's complete range of polysilicon production equipment including hydrochlorination...
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UPDATE: Emerson Electric Reports Rise In FQ3 Earnings, Maintains Full-Year Forecast
Tuesday, August 2, 2011 - 6:11am | 84Emerson Electric Co (NYSE: EMR) released its results for the fiscal third quarter on Tuesday. Emerson Electric reported its quarterly profit at $683 million, or $0.90 per share, up from $585 million, or $0.77 per share, in the year-ago period. Its net sales surged 16% to $6.3 billion. However,...
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Stocks to Watch for Tuesday 8/02/2011: Fresh 52-Week Highs and Lows
Tuesday, August 2, 2011 - 3:20am | 3164Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Earnings Scheduled For August 2
Tuesday, August 2, 2011 - 2:46am | 571Hyatt Hotels Corporation (NYSE: H) is expected to report its Q2 EPS at $0.15 on revenue of $910.14 million. Archer-Daniels-Midland Company (NYSE: ADM) is projected to report its FQ4 EPS at $0.85 on revenue of $20.43 billion. Coach Inc (NYSE: COH) is projected to report its Q4 EPS at $0.65 on...
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Wunderlich Securities Reiterates Buy and PT of $20 on GT Solar International
Tuesday, August 2, 2011 - 2:37am | 49Wunderlich Securities reiterated its Buy rating on GT Solar International (NASDAQ: SOLR). At the same time, the rating agency left its price target on the company's stock unchanged at $20. On Monday, SOLR added 1.21% to its value to finish the day at $13.81.
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Christopher L. Mapes to Leave A. O. Smith; Joins Lincoln Electric as COO
Monday, August 1, 2011 - 3:17pm | 54A. O. Smith Corporation (NYSE: AOS) today announced Christopher L. Mapes, executive vice president and president of its Electrical Products unit, will leave the company at the end of August to become chief operating officer of Lincoln Electric and a member of its executive management team.
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Weak Data in Focus 08-01-2011
Monday, August 1, 2011 - 1:40pm | 1073Cusick's Corner Well the market initially thought that a deal on the Debt ceiling was very close to being made but the reality is that the data is weak and the market is taking notice. I spoke about that last week that we can see the debt, we can anticipate where it is going and the impact on...
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First Solar Earnings Preview: Analysts Expect Lower EPS, Revenue
Monday, August 1, 2011 - 9:30am | 518First Solar (NASDAQ: FSLR) unveils its next round of earnings this Thursday, August 4, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of 93 cents/share and revenues of...
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Options Brief: Polypore International
Monday, August 1, 2011 - 9:22am | 75Shares of Polypore International (NYSE: PPO) are higher on the session by 0.91%, trading at $68.62. Overall call volume is now running at 5.18x the daily average, with 6% of all calls traded being purchases on the offer. 3,592 contracts have traded on the session so far. Polypore International,...
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UPDATE: Cooper Industries plc Statement of Intention Not to Make a Firm Offer for Laird
Monday, August 1, 2011 - 8:19am | 49Further to the announcements by each of Cooper (NYSE: CBE) and Laird on 30 July and the statement by the Panel on Takeovers and Mergers on 27 June 2011, Cooper hereby confirms that it does not intend to make an offer for Laird PLC.
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Benzinga's Top Upgrades
Monday, August 1, 2011 - 6:34am | 142Analysts at UBS upgraded Vodafone Group Plc (NASDAQ: VOD) from “neutral” to “buy.” VOD's shares closed at $28.10 on Friday. Vodafone's PEG ratio is 0.63. FBR Capital upgraded East West Bancorp Inc (NASDAQ: EWBC) from “market perform” to “outperform.” EWBC's shares closed at $18.56 on Friday. EWBC'...