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Morning Market Losers
Monday, August 29, 2011 - 8:59am | 105J. W. Mays Inc (NASDAQ: MAYS) dipped 17.94% to $13.95 at 9:50 am. MAYS' trailing-twelve-month ROE is 1.33%. Tegal Corporation (NASDAQ: TGAL) shares fell 17.70% to $2.65. TGAL's trailing-twelve-month operating margin is -11,668.75%. Primero Mining Corp (NYSE: PPP) shares dipped 17.30% to $3.49....
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Stifel Nicolaus Maintains Hold on Novellus Systems
Monday, August 29, 2011 - 8:00am | 70Stifel Nicolaus is out with its report today on Novellus Systems (NASDAQ: NVLS), maintaining Hold. In its report, Stifel Nicolaus writes, "We believe the group is near a bottom, but we also believe near term, there are few catalysts to drive prices higher. Thus, we maintain our Hold rating on...
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MEMC Launches Exchange Offer for 7.750% Senior Notes Due 2019
Monday, August 29, 2011 - 7:02am | 73MEMC Electronic Materials (NYSE: WFR) today announced that it has commenced an offer to exchange any and all of its outstanding $550,000,000 aggregate principal amount of 7.750% Senior Notes due 2019 for a like principal amount of new 7.750% Senior Notes due 2019 which have been registered under...
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MEMC Electronic Materials
Friday, August 26, 2011 - 12:27pm | 109Shares of MEMC Electronic Materials (NYSE: WFR) are higher on the session by 3.68%, currently trading at $6.89. 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 focusing on puts today. A short while...
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Benzinga's Top ETF Decliners, August 25th (SOXL, ZSL, ERX, DRN)
Thursday, August 25, 2011 - 5:55pm | 203Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) fell 7.95% on Thursday, and in the semiconductor space, Applied Materials, Inc. (NASDAQ: AMAT) lost 4.84%. ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 7.45% as silver traded lower today. ZSL closed at $11.92, and it had a volume of...
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Benzinga's Top ETF Gainers, August 25th (SOXS, TZA, ERY, EPV)
Thursday, August 25, 2011 - 5:45pm | 204Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) spiked 7.99% on Thursday, and closed at $97.31. In the semiconductor space, Applied Materials, Inc. (NASDAQ: AMAT) fell 4.84%, and Texas Instruments Incorporated (NYSE: TXN) lost 3.06%. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA)...
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UPDATE: Stifel Nicolaus Lowers PT on Applied Materials to $14
Thursday, August 25, 2011 - 8:09am | 125Stifel Nicolaus is out with its report today on Applied Materials (NASDAQ: AMAT), lowering its PT to $14 from $15. In its report, Stifel Nicolaus writes, "While the factors are clearly negative for Applied in the near term (and more so with the weakness in the other markets), we also believe the...
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Citi Maintains Hold On Applied Materials
Thursday, August 25, 2011 - 7:47am | 187Citi Investment Research is out with a research report on Applied Materials Inc (NASDAQ: AMAT) and it has a Hold rating and a $14 price target on shares. In a note to clients, Citi Investment Research writes, "With revenue guidance (-15-30%) largely in-line w/peers and EPS guide a touch better...
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UPDATE: Goldman Sachs Lowers Price Target On Applied Materials To $10.50
Thursday, August 25, 2011 - 7:41am | 68According to Goldman Sachs, Applied Materials (NASDAQ: AMAT) price target is lowered to $10.50. Goldman Sachs said that Applied reported revenues of $2.8 bn (-3% qoq), at the high end of guidance, 4% above the Street and 3% above GS. “We lower our already well-below consensus CY11/CY12 estimates...
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UPDATE: Bank of America Lowers PT on Applied Material from $12.50 to $11.50
Thursday, August 25, 2011 - 7:38am | 118Bank of America has published a research report on Applied Material (NASDAQ: AMAT) lowering the price target. In the report, Bank of America wrote, "Macro headwinds are keeping PC and consumer electronics demand weak limiting DRAM bit growth and slowing foundry, logic and FPD capacity expansion....
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Benzinga's Top Pre-Market Losers
Thursday, August 25, 2011 - 7:00am | 127Applied Materials Inc (NASDAQ: AMAT) fell 4.40% to $10.86 in the pre-market trading. AMAT projects Q4 sales to be down in the range of 15% to 30% from the third quarter. Apple Inc (NASDAQ: AAPL) dipped 2.70% to $366.01 in the pre-market session. Apple announced the resignation of its Chief...
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J.P. Morgan Maintains Neutral on Applied Materials
Thursday, August 25, 2011 - 6:53am | 158J.P. Morgan is out with its report today on Applied Materials (NASDAQ: AMAT), maintaining Neutral. In its report, J.P. Morgan writes, "Our Neutral rating on AMAT is based on the view that the company is trading similarly to prior trough P/TBV. The C2H11 and beyond horizon the semi equipment...
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Goldman Sachs Lowers PT On AMAT To $10.50
Thursday, August 25, 2011 - 5:34am | 27Goldman Sachs has lowered the price target on Applied Materials (NASDAQ: AMAT) from $12 to $10.50 and maintains its Neutral rating.
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Bank of America Lowers PO On Applied Material To $11.50
Thursday, August 25, 2011 - 5:18am | 28Bank of America has lowered the price objective on Applied Material (NASDAQ: AMAT) from $12.50 to $11.50 and maintains its Neutral rating.
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Piper Jaffray Lowers PT On Applied Materials To $13.50
Thursday, August 25, 2011 - 5:07am | 27Piper Jaffray has lowered the price target on Applied Materials (NASDAQ: AMAT) from $15.50 to $13.50 and maintains its Overweight rating.