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Calls Purchased on Smart Modular Technologies (SMOD)
Friday, July 30, 2010 - 11:26am | 114Shares of Smart Modular Technologies Inc. (NASDAQ: SMOD) are lower on the session by 1.79%, currently trading at $5.49. The stock has been moving largely lower over the past four months, off from recent highs near $8.75. Options traders are betting that the stock may be near a bottom and are...
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CyberOptics Reports Operating Results
Wednesday, July 28, 2010 - 4:05pm | 121CyberOptics Corporation (Nasdaq: CYBE) today reported operating results for the second quarter of 2010 ended June 30. Consolidated sales totaled $16,499,000, an increase of 34% from $12,341,000 in this year’s first quarter and 219% from $5,179,000 in the year-earlier period. Second quarter...
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Morgan Keegan Reiterates Market Perform on Trimble Navigation (TRMB)
Wednesday, July 28, 2010 - 1:31pm | 144Morgan Keegan is out with a research report this morning, where it reiterates its Market Perform rating on Trimble Navigation Ltd. (NASDAQ: TRMB). The MK analysts cited the company’s most recent earnings report, which beat their estimates. They said, “E&C performance was strong due to survey...
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Puts Sold on Sanmina-SCI (SANM)
Tuesday, July 27, 2010 - 1:13pm | 130Shares of Sanmina-SCI Corp. (NASDAQ: SANM) are lower on the session by 16.65%, currently trading at $13.22. The stock is selling off today on a number of one-time charges to their earnings. Options traders are selling puts on the name today. The August $17.50 put was sold 2,000 times, near the bid...
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Will Criminals Exploit Cap and Trade?
Thursday, July 22, 2010 - 7:30pm | 664Will Criminals Exploit Cap and Trade? By Marshall Auerback, courtesy of New Deal 2.0 Cap and trade promises to be a broken system, easy to exploit. The story below is certainly not surprising, but it is yet another strong illustration as to why the carbon trading proposals embodied in the Obama...
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Flextronics Loses Ground After Earnings (FLEX)
Thursday, July 22, 2010 - 5:25pm | 104Flextronics (NASDAQ: FLEX) reported Q1 EPS of $0.19 vs. consensus estimates of $0.18. Revenue came in at $6.6 billion, which beat Wall Street estimates of $6.39 billion. The company now expects Q2 EPS in a range between $0.19 and $0.21 vs. consensus of $0.20. Revenue is expected to be in a range...
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Tech Sector to Show Good Growth (JBL, TRMB)
Friday, July 16, 2010 - 11:24am | 106Tech companies are poised to post good quarterly numbers. Intel has started the earnings announcement season with impressive results. Randy Bateman, chief investment officer with Huntington Funds, shared his views about the tech stocks. He said that investors should look beyond conventional tech...
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Foster Wheeler to Supply CFB Boiler Island in Poland(FWLT)
Friday, July 16, 2010 - 8:31am | 124Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Polimex-Mostostal S.A. for the design, supply and erection of a 50 MWe (gross megawatt electric) circulating fluidized-bed (CFB) boiler island for the Bielsko-Biała Heat and...
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Market Waiting On JPM Earnings 07-14-2010
Wednesday, July 14, 2010 - 6:11pm | 873Cusick’s Corner The market stayed in a choppy consolidation range after the release of mixed economic data and FOMC revisions on GDP. The market is waiting for JPM earnings tomorrow which are due out around 7:30am ET. One important note -- the last time both Intel and JPM Chase beat earnings was...
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Top Performing Industries For July 14 (ISLN, CSCO, SANM, SPNS)
Wednesday, July 14, 2010 - 1:55pm | 211At 12:38 pm, the Dow gained 0.20% to 10,383.37, the broader Standard & Poor's 500 index moved up 0.22% to 1,097.80 and the NASDAQ composite index rose 0.74% to 2,258.66. The industries that are driving the market today are: Data Storage Devices: This industry jumped 3% by 12:38 pm. The top...
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Top 4 Stocks In The Printed Circuit Boards Industry With The Highest Cash (FLEX, CLS, SANM, JBL)
Wednesday, July 14, 2010 - 6:08am | 141Below are the top printed circuit boards stocks on the NYSE and the NASDAQ in terms of cash. Flextronics International Ltd (NASDAQ: FLEX) had $1.93 billion in total cash for the latest quarter. FLEX’s total debt for the same period amounted to $3.10 billion. Celestica Inc (NYSE: CLS) had $712.20...
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Mad Money Lightning Round OT Recap (LSCC, TOO, FRO, NAT, CCME, BIDU)
Tuesday, July 13, 2010 - 8:23pm | 222On CNBC's Mad Money, Jim Cramer said that he prefers Intel Corporation (NASDAQ: INTC) and Jabil Circuit, Inc. (NYSE: JBL) instead of Lattice Semiconductor (NASDAQ: LSCC). Cramer added that he would sell Lattice Semiconductor (LSCC) and buy a quality name in the space. In the tankers space, Jim...
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INTC Beats Street 07-13-2010
Tuesday, July 13, 2010 - 6:18pm | 710Cusick’s Corner I waited to write this commentary until Intel had announced, the reason is because I wanted to see the results and its impact on futures in the after hours. Well, Intel (INTC) beat by .08 and gave upward future guidance for the 2nd half of the year. In this part of the season it’s...
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Top Narrow Based Indexes for July 13 (MPX, MED, SANM)
Tuesday, July 13, 2010 - 2:44pm | 194At 2:30 pm, the Dow gained 1.46% to 10,0364.98, the broader Standard & Poor's 500 index moved up 1.47% to 1,094.63 and the NASDAQ composite index rose 1.62% to 2,234.00. Some of the narrow based indexes driving the markets are Recreational Vehicle Stocks, which have gained 4.7%, Fitness and...
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Stocks Hitting 52-Week Highs (ABII, ADCT, BRCM, ERES)
Tuesday, July 13, 2010 - 1:23pm | 184Abraxis Bioscience Inc (NASDAQ: ABII) shares made a new high of $75.07, before slipping to $74.93, reflecting a gain of 0.17%. Within 24 hours of Celgene announcing its $2.9 billion offer for ABII, an investor has filed a lawsuit against Abraxis, alleging breach of fiduciary duty by some board of...