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Solar M&A Watch: Shopping for Revenues (WFR, FSLR, TSL, SPWRA, TAN)
Tuesday, May 25, 2010 - 12:11pm | 379Government intervention in the financial markets without your knowledge, and maybe without your support … that is what many feel that the Plunge Protection Team is. A mechanism designed to keep the markets from crashing periodically by swift purchases of securities either during or on the verge of...
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Benzinga’s Top Pre-Market Losers (AIXG, HAUP, ATPG, SOLF, CENX)
Tuesday, May 25, 2010 - 8:42am | 185Aixtron Aktiengesellschaft (NASDAQ: AIXG) tumbled 11.48% to $24.53 in the pre-market session. Analysts at JP Morgan Cazenove downgraded AIXG from “overweight” to “neutral.” Hauppauge Digital Inc (NASDAQ: HAUP) lost 8.00% to $2.99 in the pre-market session. HAUP had narrowed its fiscal Q2 loss due...
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Top Analyst Upgrades and Downgrades (AIXG, BK, COCO, EMC, GILD, MIR, MUR, NBG, NTAP, PNC, RRI, LCC, WERN)
Tuesday, May 25, 2010 - 8:20am | 384By Heather Horn Reports on U.S.-China talks are interpreting Chinese President Hu Jintao’s statements as a positive sign of the country’s willingness to revalue the yuan. While he made no firm commitments, Hu stated that China would move “steadily” toward exchange-rate reform. If China did move in...
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Monitoring Put/Call Ratio 05-24-2010
Monday, May 24, 2010 - 2:45pm | 853Cusick’s Corner What a weekend -- the Hawks are going to the Stanley Cup (huge hockey fan, but I guess I have to be with 4 kids in travel hockey), had our first 90 degree day in Chicago and during the last 20 minutes of trading on Friday, the SPX decided to pop almost 20 points. This market...
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More Mergers in Solar Space (WFR)
Monday, May 24, 2010 - 12:36pm | 407It is not certain that consumers and businesses want faster and faster PCs, especially notebooks which are often used for simple e-mail and web surfing, tasks which can also be done on most smartphones. But, Intel Corporation (NASDAQ: INTC) has released a series of powerful quad-core chips for...
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Wind Power: China Boost, Fight in Texas, Great Lakes Maybe (GE, SI, IBM, FPL, NRG, CPN, EOG)
Monday, May 24, 2010 - 12:06pm | 407It is not certain that consumers and businesses want faster and faster PCs, especially notebooks which are often used for simple e-mail and web surfing, tasks which can also be done on most smartphones. But, Intel Corporation (NASDAQ: INTC) has released a series of powerful quad-core chips for...
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MEMC Electronic Buys Solaicx For $76 Million
Monday, May 24, 2010 - 10:03am | 76MEMC Electronic Materials (NYSE: WFR), the maker of silicon wafers for the semiconductor industry, will acquire solar panel maker Solaicx for $76 million in cash. Should Solaicx meet certain performance targets in 2010 and 2011, Solaicx owners can received an additional $27.6 million in cash and...
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Short Covering Rally 05-21-2010
Friday, May 21, 2010 - 7:00pm | 770Cusick's Corner There was an impressive rally into the close, much of it due to short covering for the weekend which then set off a big short imbalance. The VIX had quite a day range today of 38.95 – 48.20, closing nearer the day’s lows at 40.10. This choppy, volatile trade coupled with...
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Short-Term Calls Sold in Verigy LTD (VRGY)
Friday, May 21, 2010 - 10:16am | 116Shares of Verigy LTD (NASDAQ: VRGY) are higher on the session by 2.98%, currently trading $10.36. The stock traded as high as $10.51 before pulling back slightly. At that time the May $10 call was sold nearly 2,000 times for $0.45-0.50. This suggests that the top is in for the stock today as those...
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Citigroup’s Top Picks! (THO, FORM)
Friday, May 21, 2010 - 9:24am | 225Citigroup (NYSE: C) is out with their Top Picks Live! update this morning. The Top Picks Live! newsletter gives investor the company’s highest conviction trade ideas as fast as they are written. Today Citigroup is focusing on Thor Industries (NYSE: THOR) and FormFactor (NASDAQ: FORM). Thor...
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Benzinga’s Top Pre-Market Gainers (ARCC, EXEL, SQQQ, VRGY, CETV)
Friday, May 21, 2010 - 9:00am | 159Ares Capital Corp (NASDAQ: ARCC) soared 7.31% to $13.80 in the pre-market session. JMP Securities initiated coverage of ARCC with a “market outperform” rating. Exelixis Inc (NASDAQ: EXEL) added 5.36% to $5.50 in pre-market trading. EXEL announced interim data from an ongoing Phase 1b/2 study of...
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Benzinga's After Hours Gainers (FL, CAL, TER)
Thursday, May 20, 2010 - 6:28pm | 132Today's after hours gainers include Foot Locker (NYSE: FL), Continental Airlines (NYSE: CAL), and Teradyne (NYSE: TER). Foot Locker (FL) reported better than expected earnings after the closing bell today, and the stock has gained 4.17% to $14.00 in the after hours trading session. Continental...
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Calls Purchased in Tessera Tech (TSRA)
Thursday, May 20, 2010 - 3:21pm | 115Shares of Tessera Technologies Inc. (NASDAQ: TSRA) are lower on the session by 2.85%, currently trading $17.71. Shares are now trading well below the 50-day and 200-day moving averages, though it looks like the stock has found support around the $18 level. Options traders are buying calls in the...
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Applied Grows but Solar Disappoints - Analyst Blog
Thursday, May 20, 2010 - 8:45am | 1551Applied Materials’ (AMAT) second quarter 2010 earnings beat the Zacks Consensus by a penny. As a consequence, shares did not move around too much. Estimates for Applied Materials underwent a correction when the company reported first quarter results. At that time, Applied Materials clarified the...
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Mad Money Lightning Round OT: Cramer Gives His Opinion On AMKR, TER, A, CML, CSCO, MGM, WYNN
Wednesday, May 19, 2010 - 7:46pm | 244CNBC Mad Money's Jim Cramer said in the segment of the show called Lightning Round OT that investors should not buy Amkor Technology, Inc. (NASDAQ: AMKR). He has been recommending Agilent Technologies Inc. (NYSE: A) and Teradyne, Inc. (NYSE: TER) for a while, and wants to see investors in these...