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Deutsche Bank Says Near-Term Outlook For Semiconductors Positive (LRCX, MTSN, KLAC, AMAT)
Thursday, July 15, 2010 - 10:56am | 144Deutsche Bank (NYSE: DB) analysts met with the management of Lam Research (NASDAQ: LRCX), Mattson (NASDAQ: MTSN), KLA-Tencor (NASDAQ: KLAC), and Applied Materials (NASDAQ: AMAT) yesterday. The companies told the analysts that fundamentals in the semiconductor industry remain strong going into the...
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Calls Sold on Kulicke & Soffa (KLIC)
Thursday, July 15, 2010 - 10:50am | 132Shares of Kulicke & Soffa Industries (NASDAQ: KLIC) are lower on the session by 7.45%, currently trading at $7.39. The stock has been trading higher over the past two months, but has come under heavy selling pressure as of late. Options traders are selling calls on the name today. The August $...
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“Stop Trading!” Jim Cramer Thinks INTC Is Undervalued
Thursday, July 15, 2010 - 6:57am | 289In his Wednesday’s “Stop Trading!” segment aired on CNBC, Jim Cramer said that Intel (NASDAQ: INTC) is undervalued and those who are ignoring the stock are in a "wrong." He emphasized, “I think people should listen to [Intel's] conference call." Although he accepted that analysts "hate" the stock,...
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Benzinga’s Volume Movers (ADTN, IGTE, ASML, INTC)
Wednesday, July 14, 2010 - 3:00pm | 180ADTRAN Inc (NASDAQ: ADTN) shares gained 7.31% to $30.97 at 1:27 pm. The volume of ADTN shares traded was 616% higher than normal. ADTN profits rose by 47% due to increased sales of its networking equipment. The company’s board of directors has also approved a Q2 cash dividend of $0.09 per share....
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Benzinga’s Top Pre-Market Gainers (INTC, ASML, NVDA, ALVR)
Wednesday, July 14, 2010 - 9:07am | 136Intel Corp (NASDAQ: INTC) rose 6.28% to $22.33 in the pre-market session. After declaring upbeat Q2 results yesterday, INTC raised its sales forecast for the full year by 10%-15%. ASML Holding NV (NASDAQ: ASML) added 4.45% to $32.66 in pre-market trading. ASML is set to report its Q2 results at 1...
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US Stock Futures Move Up On INTC’s Results
Wednesday, July 14, 2010 - 9:05am | 252US stock futures moved up today after investors cheered better-than-anticipated earnings from Intel (NASDAQ: INTC). While futures on the Dow Jones Industrial Average climbed 27 points to 10315, those on the S&P 500 gained 2.8 points to 1092.50. Futures on the technology-laden Nasdaq 100...
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KLA-Tencor Ups Payout
Wednesday, July 14, 2010 - 9:00am | 75KLA-Tencor Corp. (NASDAQ: KLAC) said that its board of directors has authorized an increase of the level of the company's quarterly dividend from $0.15 to $0.25 per share. The increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in August 2010. This...
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Late Market Update (TM, USD, SSG, AAPL, OIIM, KLAC, YHOO)
Tuesday, July 13, 2010 - 3:10pm | 272The US Department of Transportation has recently analyzed dozens of data recorders taken from accident-riddled vehicles manufactured by Toyota Motor Corp (NYSE: TM). The analysis suggests that at the time of the accidents, throttles of some cars were wide open and brakes were not engaged. This...
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Deutsche Bank Maintains Hold Rating On Novellus Systems (NVLS)
Tuesday, July 13, 2010 - 12:22pm | 103Novellus Systems (NASDAQ: NVLS) reported its quarterly earnings yesterday after the closing bell. The company earned $0.66 per share compared to estimates of $0.60. In a research report released today, Deutsche Bank analysts said that they are maintaining their Hold rating on the stock and $25...
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J.P. Morgan Lowers Price Target on MEMC Electronic Materials (WFR)
Tuesday, July 13, 2010 - 9:24am | 377J.P. Morgan is out with a research report this morning, where it reiterates its Underweight rating on MEMC Electronic Materials (NYSE: WFR); it also lowered its price target to $9.75 from $12.00. The JPM analysts said, “Heading into the C2Q10 earnings season, we continue to recommend investors...
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A Peek Into The Market Before The Opening Bell
Tuesday, July 13, 2010 - 9:09am | 473Pre-open movers US stock futures moved up today as investor sentiments improved after Alcoa (NYSE: AA) announced positive results for the second quarter. While futures on the Dow Jones Industrial Average gained 53 points to 10234, those on the S&P 500 moved up 7.1 points to 1083.7. Meanwhile,...
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Benzinga’s Volume Movers (MEND, AUXL, SNDK, AIXG)
Monday, July 12, 2010 - 2:16pm | 193Micrus Endovascular Corporation (NASDAQ: MEND) shares gained 4.55% to $23.20 at 1:55 pm. The volume of MEND shares traded was 3104% higher than normal. Johnson & Johnson (NYSE: JNJ) is buying Micrus Endovascular for $480 million. Auxilium Pharmaceuticals Inc (NASDAQ: AUXL) shares jumped 6.68%...
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Earnings Season Survival Guide
Monday, July 12, 2010 - 11:56am | 2021Buy, sell, hold? The days of reckoning are upon us! So earnings season officially kicks off today with Alcoa’s (NYSE:AA) report. CSX Corporation (NYSE:CSX) and Novellus Systems (NASDAQ:NVLS) are on today’s schedule as well. As I write this at 6:00 a.m. Monday morning, futures in the S&...
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Benzinga’s Top Pre-Market Losers (ASML, VOD, CRUS, ACGY)
Monday, July 12, 2010 - 8:50am | 143ASML Holding N.V (NASDAQ: ASML) tumbled 2.41% to $29.58 in the pre-market session. ASML is among the top five companies in the Semiconductor Equipment industry in terms of relative performance. Vodafone Group Plc (NASDAQ: VOD) fell 1.65% to $21.49 in the pre-market session. SWIR Q1 loss narrows....
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Company News for July 9, 2010 - Corporate Summary
Friday, July 9, 2010 - 9:39am | 173• Goldman Sachs (NYSE:GS) added Visa (NYSE:V) to its Conviction Buy List, with a $93 price target • Air Products (NYSE:APD) said it raised its bid for Airgas (NYSE:ARG) to $63.50 from $60 • China renewed Google's (NASDAQ:GOOG) search license • Goldman Sachs (NYSE:GS) took Expedia (NASDAQ:EXPE) off...