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Stock Market News for October 27, 2010 - Market News
Wednesday, October 27, 2010 - 3:33pm | 1211After a lackadaisical session, stocks closed mostly flat on Tuesday as mixed earnings and economic reports failed to motivate traders. Investors appeared jittery ahead of next week's mid-term elections and a sliding dollar. The blue-chip Dow average gained a little more than 5 points to close at...
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ReneSola Enters Oversold Territory - Tale of the Tape
Wednesday, October 27, 2010 - 3:33pm | 105ReneSola Ltd.'s (SOL) share price has entered into oversold territory with a stochastic value of 19.02. The Zacks Consensus Estimate on the company's earnings for 2010 increased 2 cents over the past week to $1.48 per share. ReneSola Ltd is a Zacks #1 Rank (“Strong Buy”) company. RENESOLA LT-ADR (...
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Correlation Between Euro & SPY Intact Today 10-27-2010
Wednesday, October 27, 2010 - 3:32pm | 860Cusick's Corner As I have stated in past Corners, as the Euro Currency goes so does the market -- that correlation between FXE and SPY is still intact today. The Euro FXE pulled back in the last week from the $1.40 to the $1.37 and the SPY has been in lock step with this move. Both markets are...
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$33 Price Target on Novellus
Wednesday, October 27, 2010 - 11:29am | 29Caris & Company has a raised Novellus (NASDAQ: NVLS) price target from $28 to $33 and reiterated an Above Average rating on the company.
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ENTG Beats EPS Estimates; Citi Maintains Hold Rating
Wednesday, October 27, 2010 - 9:46am | 131Entegris (NASDAQ: ENTG) delivered another solid qtr, and guide stronger than expected given current environment. In terms of core semi biz, Citi is encouraged as its consumables revenue per wafer start is finally getting back on track. Growth in unit driven rev and higher consumables rev/wafer...
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Oppenheimer Adjusts Novellus Systems Estimates
Wednesday, October 27, 2010 - 9:26am | 109In a report released this morning, Oppenheimer said that Novellus Systems, Inc. (NASDAQ: NVLS) maintained its hesitant tone/outlook from the mid-qtr update in early September, citing: 1) lumpiness in timing of projects, 2) unstable macro fundamentals, and 3) uncertainty around US tax laws. “We...
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Novellus 3Q Earnings Beat the Street
Wednesday, October 27, 2010 - 9:22am | 143Novellus (NASDAQ: NVLS) reported 3Q10 sales of $367 mn (+14% qoq), above guidance of $345 to $365 mn and 3% above the Street. Operating EPS of $0.88 was $0.06 above our $0.82 estimate and $0.05 above the Street. EPS upside to Goldman's estimate was driven by 5% higher sales and lower shares,...
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Citi Unclear On Novellus Systems (NVLS)
Wednesday, October 27, 2010 - 7:15am | 131Citi Investment Research discussed Novellus Systems, Inc. (NASDAQ: NVLS) in an investment report, and Citi is unclear where Novellus goes from here. It has a Hold rating and a $30 price target on shares. In a note to clients, Citi writes, "EPS this cycle is ~40% higher on ~15% lower revs due...
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Stocks To Watch For October 27 (AFL, PG, DWA, V, NVLS)
Wednesday, October 27, 2010 - 4:48am | 208Some of the stocks that may grab the investor focus today are: Aflac Inc (NYSE: AFL) posted its Q3 net income at $1.46 per share, versus $0.77 per share, in the year-ago period. AFL shares gained 1.47% to $56.00 in after-hours trading. Wall Street expects Procter & Gamble Co (NYSE: PG) to...
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Novellus Systems Reports Third Quarter EPS of $.82
Tuesday, October 26, 2010 - 4:21pm | 90Novellus Systems, Inc. (Nasdaq: NVLS) today reported operating results for its third quarter ended September 25, 2010. Net sales for the third quarter were $367.2 million, up $45.8 million or 14.3 percent from second quarter net sales of $321.4 million, and up $190.3 million or 107.6 percent from...
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Veeco Announces Record Third Quarter 2010 Financial Results
Monday, October 25, 2010 - 4:16pm | 75Veeco Instruments Inc. (Nasdaq: VECO) announced its financial results for the third quarter ended September 30, 2010. Veeco reports its results on a generally accepted accounting principles (“GAAP”) basis, and also provides results excluding certain items. Please refer to the attached table for...
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Veeco Instruments Beats Estimates; Updates Guidance (VECO)
Monday, October 25, 2010 - 4:11pm | 150Veeco Instruments Inc. (NASDAQ: VECO) reports Q3 earnings of $1.46 versus consensus of $1.25. Veeco Instruments Inc. reports revenues of $277 million versus consensus of $274.69 million. Veeco's fourth quarter 2010 revenue is currently forecasted to be between $285 and $320 million. Earnings per...
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Transcat Reports 180% Increase in Net Income to $.07 per Share
Monday, October 25, 2010 - 4:10pm | 187Transcat, Inc. (Nasdaq: TRNS) today reported financial results for its fiscal 2011 second quarter ended September 25, 2010. Reported results include those of United Scale & Engineering Corporation, a Wisconsin-based supplier and servicer of industrial scales and weighing systems, which the...
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12 Stocks That Only Go Up
Monday, October 25, 2010 - 3:01pm | 322This is by far, one of my favorite stocks screens that I run. I have probably found more winning stocks (and big % ones at that) off of this screen, than any other one that I run. In fact, TICC, mentioned below, is one that appeared on this screen about two months ago, and I bought it at $8.77/...
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NASDAQ Stocks Hitting 52-Week Highs (AFOP, CHRW, CINF, LRCX)
Monday, October 25, 2010 - 11:40am | 154Alliance Fiber Optic Products Inc (NASDAQ: AFOP) shares reached $10.80 to create a new 52-week high, before falling to $10.74, representing a 7.18% gain. AFOP posted a 91% y/y surge in its Q3 revenue. CH Robinson Worldwide Inc (NASDAQ: CHRW) shares reached $73.18 to touch a new 52-week high, before...