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Morning Market Movers
Wednesday, August 17, 2011 - 8:48am | 111China Yida Holding Co (NASDAQ: CNYD) climbed 31.58% to $4.50 at 9:45 am. CNYD shares have dropped 66.21% over the past 52 weeks, while the S&P 500 index has gained 9.17% in the same period. MarketAxess Holdings Inc (NASDAQ: MKTX) shares advanced 21.79% to $29.29. MKTX is considering a sale,...
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Photronics Rips Higher, Breaks Out
Wednesday, August 17, 2011 - 8:43am | 136Shares of Photronics (NASDAQ: PLAB) are ripping higher this morning on the back of better than expected Q3 earnings results. Currently shares are higher by 15.12%, trading at $6.47. The stock has now breeched the $6.20-6.30 resistance band, which sets shares up to make a run higher. The next step...
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Goldman Sachs Suggests Buying Put Spreads on Applied Materials
Wednesday, August 17, 2011 - 8:18am | 144Goldman Sachs is out with a research note this morning, where it suggests that traders buy put spreads on Applied Materials (NASDAQ: AMAT) ahead of earnings. Given the over-shipment that occurred in Semis in 1H2011 and the growing risks to growth, Goldman's analyst expects AMAT's customers to...
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Benzinga's Top ETF Decliners, August 16th (SOXL, TNA, ERX, FAS)
Tuesday, August 16, 2011 - 6:27pm | 195Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) lost 5.64% on Tuesday as Teradyne, Inc. (NYSE: TER) fell 4.81%, and closed at $11.87. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) traded lower, along with the Russell 2000 Index. TNA closed at $46.12, and it had a volume of 22....
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Benzinga's Top ETF Gainers, August 16th (SOXS, TZA, ERY, TVIX)
Tuesday, August 16, 2011 - 6:15pm | 191Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) traded 5.76% higher on Tuesday, and it closed at $86.63. In the semiconductor space, Teradyne, Inc. (NYSE: TER) lost 4.81%, and Texas Instruments Incorporated (NYSE: TXN) fell 2.04%. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) gained...
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Photronics Jumps on Q3 Earnings Results
Tuesday, August 16, 2011 - 4:39pm | 156Shares of Photronics (NASDAQ: PLAB) are rallying hard in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 9.43%, trading at $6.15; they ended the regular session lower by 9.21%, at $5.62. Photronics reported Q1 EPS of $0.23 on revenues of...
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Citigroup Lowers PT On Applied Materials To $14
Tuesday, August 16, 2011 - 7:48am | 26Citigroup has lowered the price target on Applied Materials (NASDAQ: AMAT) from $17 to $14 and maintains its Hold rating.
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Has ReneSola Got Nowhere To Go But Up?
Tuesday, August 16, 2011 - 7:45am | 526It's been a rough year for ReneSola (NYSE: SOL), to say the least. But maybe shares have hit bottom and can only go up. Shares of the Chinese manufacturer of solar wafers and provider of solar modules were beaten down to a 52-week low of $2.65 last week, an almost unimaginable fall from their 52-...
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Earnings Scheduled For August 16
Tuesday, August 16, 2011 - 3:19am | 481TJX Companies Inc (The) (NYSE: TJX) is expected to report its Q2 EPS at $0.89 on revenue of $5.44 billion. Home Depot Inc (The) (NYSE: HD) is projected to report its Q2 EPS at $0.83 on revenue of $19.96 billion. Saks Incorporated (NYSE: SKS) is estimated to post a Q2 loss at $0.09 per share on...
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Options Brief: MEMC Electronic Materials
Monday, August 15, 2011 - 12:12pm | 80Shares of MEMC Electronic Materials (NYSE: WFR) are higher on the session by 4.59%, trading at $6.83. Overall put volume is now running at 2.07x the daily average, with 26% of all puts traded being purchases on the offer. 4,254 contracts have traded on the session so far. MEMC Electronic...
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A New Wind Blowing for Renewable Energy Stocks
Monday, August 15, 2011 - 12:04pm | 675Point Roberts, WA - August 15, 2011 - Investorideas.com, a leader in cleantech stock research, reports on wind stocks for Monday August 15th. Renewable energy stocks were strong in last week�s volatile roller coaster market and several of the cleantech stocks are up in today�s morning trading....
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Monday's Put/Call Ratio Leaders
Monday, August 15, 2011 - 11:27am | 77Here are today's Put/Call Ratio leaders… 1. Logitech International (NASDAQ: LOGI) 3,485 puts, 7 calls 2. ASML Holding (NASDAQ: ASML) 4,002 puts, 33 calls 3. Steel Dynamics (NASDAQ: STLD) 3,772 puts, 132 calls 4. El Paso (NYSE: EP) 15,471 puts, 1,302 calls 5. Texas Instruments (NYSE: TXN) 3,260...
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Kynikos Associates Discloses Holdings in 13F
Monday, August 15, 2011 - 11:04am | 88New Companies: Deere (NYSE: DE) JC Penney (NYSE: JCP) Saks (NYSE: SKS) Disposes Entire Stake: PowerShares QQQ Trust (NASDAQ: QQQ) SemiLEDs (NASDAQ: LEDS) The Shaw Group (NYSE: SHAW) Veeco Instruments (NASDAQ: VECO)
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Benzinga's Top Downgrades
Friday, August 12, 2011 - 7:02am | 119DeVry Inc (NYSE: DV) was downgraded by Robert W. Baird from "outperform" to "neutral." DeVry's shares closed at $53.39 yesterday. DeVry's trailing-twelve-month ROA is 15.35%. Ardour Capital downgraded Enersys (NYSE: ENS) from “buy” to “accumulate.” ENS' stock closed at $20.74 yesterday. Enersys'...
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UPDATE: Axiom Capital Downgrades Amtech Systems from Hold to Sell
Friday, August 12, 2011 - 5:12am | 60Axiom Capital downgraded Amtech Systems (NASDAQ: ASYS) from Hold to Sell. At the moment, the rating agency has a price target of $8 placed on the company's stock. On Thursday, ASYS added 6.42% to its value to finish the day at $11.77. Its shares continued to rise in today's pre-market trading,...