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Benchmark Updates 8/2
Tuesday, August 2, 2011 - 6:02am | 206Benchmark made a number of updates in a research report published today. Guidance Software (NASDAQ: GUID) had its rating reiterated at Buy. At the same time, its price target was maintained at $10. On Monday, GUID lost 0.4% of its value to finish the day at $7.49. Harte-Hanks (NYSE: HHS) had its...
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Deutsche Bank Raises PT On Synchronoss Technologies To $48
Tuesday, August 2, 2011 - 5:46am | 26Deutsche Bank has raised the price target on Synchronoss (NASDAQ: SNCR) from $46 to $48 and maintains its Buy rating.
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US Stock Futures Signal Lower Start On Wall Street
Tuesday, August 2, 2011 - 5:29am | 518US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 49 points to 11,991.00 and S&P 500 index futures fell 6.50 points to 1,273.20. Nasdaq 100 futures dropped 10.25 points to 2,335.75. US stocks closed lower on Monday, with the Dow Jones Industrial...
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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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Notable Gainers
Monday, August 1, 2011 - 9:50am | 90Notable gainers this morning: Old National Bancorp (NYSE: ONB) +9.41% on upbeat earning. Terra Nitrogen Company (NYSE: TNH) +5.84% on heavy volume. Net Servicos de Comunicacao SA (NASDAQ: NETC) +4.85% VirnetX Holding Corporation (NYSE: VHC) +4.41% on heavy volume Alliance Resource Partners...
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Benchmark Maintains Buy on Guidance Software
Monday, August 1, 2011 - 8:01am | 109Benchmark is out with its report today on Guidance Software (NASDAQ: GUID), maintaining Buy. In its report, Benchmark writes, "We maintain our Buy rating and $10 price target in front of the Company's 2Q11 earnings release. In our opinion, the eDiscovery market is still in the early stages and it...
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Autodesk Acquires Instructables; Terms Not Disclosed
Monday, August 1, 2011 - 7:56am | 187Autodesk, Inc. (NASDAQ: ADSK) announced today that it has acquired San Francisco-based Instructables, a popular online community for people who want to discover, share and be inspired by DIY project ideas and how-to information. Terms of the transaction were not disclosed. Instructables.com is a...
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TiVo Designed Platform to Launch on Best Buy's Insignia Connected Televisions
Monday, August 1, 2011 - 7:33am | 391TiVo Inc. (NASDAQ: TIVO) today announced as part of its strategic alliance with Best Buy Co., Inc. aimed at transforming the digital home entertainment experience, the launch of the Insignia Connected TVs powered by TiVo® Design. Through this product, TiVo continues its evolution from a DVR by...
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Jefferies Reiterates Monotype Imaging Buy
Friday, July 29, 2011 - 3:27pm | 114Jefferies reiterated its Monotype Imaging (TYPE) Buy rating in a research report published today. Jefferies has previously given Monotype Imaging a $17 price target. In the report, Jefferies states, "We reiterate our BUY rating on TYPE following a solid 2Q11 report, 3Q11 guidance ahead of...
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Friday's Put/Call Ratio Leaders
Friday, July 29, 2011 - 12:04pm | 78Here are today's Put/Call Ratio leaders… 1. Cadence Design Systems (NASDAQ: CDNS) 10,247 puts, 187 calls 2. Calevision Systems (NYSE: CVC) 7,162 puts, 160 calls 3. Lexmark International (NYSE: LXK) 6,344 puts, 180 calls 4. Life Technologies (NASDAQ: LIFE) 4,770 puts, 226 calls 5. Thoratec Corp. (...
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Puts Purchased on Cadence Design Systems
Friday, July 29, 2011 - 10:11am | 129Shares of Cadence Design Systems (NASDAQ: CDNS) are higher on the session by 6.48%, currently trading at $10.02. The stock has been moving largely higher over the past five months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short...
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Puts Purchased on Nuance Communications
Friday, July 29, 2011 - 10:09am | 121Shares of Nuance Communications (NASDAQ: NUAN) are lower on the session by 0.64%, currently trading at $20.03. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short...
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Pre-Market Gainers
Friday, July 29, 2011 - 8:28am | 71Cadence Design Systems (NASDAQ: CDNS) +6.27% on upbeat earnings. Community Health Systems (NYSE: CYH) +6.15% on upbeat earnigs. Gulfport Energy (NASDAQ: GPOR) +4.30% after CK Cooper reiterated Buy and PT of $38. Newell Rubbermaid (NYSE: NWL) +5.43 on upbeat earnigns.
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UPDATE: Bank of America Merrill Lynch Raises PO on Cadence Design Systems to $14.50
Friday, July 29, 2011 - 6:25am | 119Bank of America Merrill Lynch is out with its report today on Cadence Design Systems (NASDAQ: CDNS), raising its PO from $14 to $14.50. In a note to clients, Bank of America Merrill Lynch writes, "Cadence is the second largest provider of electronic design automation software for semiconductor...
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Bank of America Raises PO On Cadence Design Systems To $14.50
Friday, July 29, 2011 - 5:20am | 29Bank of America has raised the price target on Cadence Design Systems (NASDAQ: CDNS) from $14 to $14.50 and maintains its Buy rating.