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Puts Purchased on Sanmina-SCI
Tuesday, August 2, 2011 - 1:27pm | 100Shares of Sanmina-SCI (NASDAQ: SANM) are lower on the session by 4.38%, currently trading at $10.79. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago...
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Mercury Computer Systems Delivers Radar Subsystems to Raytheon for Patriot Air and Missile Defense System Upgrade
Tuesday, August 2, 2011 - 10:02am | 128Mercury Computer Systems, Inc. (NASDAQ: MRCY) announced that it will deliver OpenVPX™-based radar subsystems to Raytheon Integrated Defense Systems, to support its recently announced contracts for Patriot Air and Missile Defense System upgrades for Taiwan and Saudi Arabia. “These upgrades...
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Options Brief: Jabil Circuit
Tuesday, August 2, 2011 - 9:13am | 64Shares of Jabil Circuit (NYSE: JBL) are lower on the session by 2.03%, trading at $17.41. Overall call volume is now running at 2.15x the daily average, with 1% of all calls traded being purchases on the offer. 3,173 contracts have traded on the session so far. Jabil Circuit, Inc. is a provider...
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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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UPDATE: IPG Photonics Reports Stronger-Than-Expected Q2 Results, Issues Upbeat Q3 Projections
Tuesday, August 2, 2011 - 7:58am | 94IPG Photonics (NASDAQ: IPGP) reported better-than-expected second quarter results and issued upbeat Q3 projections. IPG Photonics posted Q2 income at $30.7 million, or $0.62 per share, up from $10.3 million, or $0.22 per share, in the year-ago period. Its revenue surged to $121.9 million from $67...
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Pre-Market Gainers
Tuesday, August 2, 2011 - 7:28am | 132Hyatt Hotels (NYSE: H) +13.52% on upbeat earnings. SM Energy (NYSE: SM) +11.62% on upbeat earnings. AMERIGROUP (NYSE: AGP) +8.20% on Stifel Nicolaus upgrade to Buy. Foster Wheeler (NASDAQ: FWLT) +5.86% on upbeat earnings. Synchronoss Technologies (NASDAQ: SNCR) +7.06% on upbeat earnings...
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Jefferies Upgrading RadiSys
Tuesday, August 2, 2011 - 6:54am | 115Jefferies & Co. is out with a research report on RadiSys Corp. (NASDAQ: RSYS) and is upgrading shares to Buy from Hold, and it has a $10 price target on shares. In a note to clients, Jefferies & Co. writes, "We're raising our rating on RadiSys shares from Hold to Buy as we believe the...
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News Summary for August 2, 2011
Tuesday, August 2, 2011 - 6:53am | 516This is your Benzinga news summary and traders' outlook for Tuesday, August 2, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower even after the House voted to pass a deal to raise the nation's debt...
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Benzinga's Top Upgrades
Tuesday, August 2, 2011 - 6:43am | 122Hilliard Lyons upgraded Southern Company (The) (NYSE: SO) from “neutral” to “buy.” SO's shares closed at $39.66 yesterday. SO's trailing-twelve-month revenue is $17.62 billion. FBR Capital upgraded Camden Property Trust (NYSE: CPT) from “underperform” to “market perform.” CPT's shares closed at $...
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Jefferies Upgrades RadiSys to Buy, $10 PT
Tuesday, August 2, 2011 - 5:20am | 26Jefferies & Company has upgraded RadiSys Corporation (NASDAQ: RSYS) from Hold to Buy and has established a $10 price target.
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Puts Purchased on Molex
Monday, August 1, 2011 - 11:00am | 99Shares of Molex (NASDAQ: MOLX) are lower on the session by 2.60%, currently trading at $22.87. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 9:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Echelon Awarded Its 100th U.S. Patent, Fortifying History of Innovative Energy Control Technology
Friday, July 29, 2011 - 8:03am | 240The U.S. Patent and Trademark Office recently granted Echelon its 100th patent, Echelon (NASDAQ: ELON) announced today. The most recent patent covers an innovative new way to construct a communications transformer that enables Echelon to provide the high reliability required in energy control...
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How Low Can We Go? 07-27-2011
Wednesday, July 27, 2011 - 5:36pm | 893Cusick's Corner The market in the After Hours is trading below the lows of the day, and if this budget debacle does not get a resolution, well the market will take on water fast. I am going home in cash and I have a small short exposure in the bonds through a Bond put spread, if this debate could...
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Options Brief: Jabil Circuit
Wednesday, July 27, 2011 - 10:05am | 94Shares of Jabil Circuit (NYSE: JBL) are lower on the session by 3.06%, trading at $19.35. Overall put volume is now running at 3.21x the daily average, with 86% of all puts traded being purchases on the offer. 5,449 contracts have traded on the session so far. Jabil Circuit, Inc. is a provider...