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Photronics: When It's Good, It's Great
Thursday, July 14, 2011 - 4:33pm | 799Price: $7.75 Forward P/E: 9.2 Earnings Growth: 113% Projected Sales Growth: 21.6% Market Cap: $453.53 million Why It's Featured: Strong demand for integrated circuits and flat panel display photomasks. Danger Zones: Extreme volatility in earnings (and stock price). Photronics (NASDAQ: PLAB)...
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Benzinga's Volume Movers
Thursday, July 14, 2011 - 10:37am | 136Universal Forest Products Inc (NASDAQ: UFPI) shares surged 20.65% to $29.04 at 10:35 am. The volume of UFPI shares traded was 708% higher than normal. UFPI reported Q2 profit of $4.3 million. Ultratech Inc (NASDAQ: UTEK) shares moved up 8.80% to $27.08. The volume of UTEK shares traded was 248%...
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Bank of America Merrill Lynch Reiterates Buy on Ultratech
Thursday, July 14, 2011 - 9:21am | 82Bank of America Merrill Lynch is out with its report today on Ultratech (NASDAQ: UTEK), reiterating Buy. In a note to clients, Bank of America Merrill Lynch writes, "Based on UTEK's strong growth potential, we apply a premium to semicap peers (trading at 10x CY12 EPS) and use a 15x multiple on...
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Calls Purchased on ASML Holding
Wednesday, July 13, 2011 - 10:31am | 128Shares of ASML Holding (NASDAQ: ASML) are higher on the session by 1.32%, currently trading at $35.34. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago...
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Stifel Nicolaus Maintains Buy on Lam Research
Wednesday, July 13, 2011 - 9:28am | 104Stifel Nicolaus is out with its report today on Lam Research (NASDAQ: LRCX), maintaining Buy. In a note to clients, Stifel Nicolaus writes, "We remain positively biased on the company's business model, and although the company expanded the range for specific revenue levels, we believe these...
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Stifel Nicolaus Maintains Buy on KLA-Tencor
Wednesday, July 13, 2011 - 9:20am | 81Stifel Nicolaus is out with its report today on KLA-Tencor (NASDAQ: KLAC), maintaining Buy. In a note to clients, Stifel Nicolaus writes, "Despite the market uncertainty, we still believe KLA-Tencor remains well positioned through these industry transitions. We maintain our Buy rating and our $59...
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ASML Holding Down 2% Despite Solid Earnings
Wednesday, July 13, 2011 - 9:13am | 262ASML Holding N.V. (NASDAQ: ASML) shares are down more than 2% in pre-market trading after the company reported solid earnings, but said the outlook for the company was worse than initially expected. The company said net income was €432 million, up from €239 million last year. Sales jumped 43% to...
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Benzinga's Top Pre-Market NASDAQ Losers
Wednesday, July 13, 2011 - 8:25am | 112Transcept Pharmaceuticals Inc (NASDAQ: TSPT) dipped 41.21% to $5.05 in the pre-market session. TSPT reported that it expects a second rejection letter from the US Food and Drug Administration. ASML Holding NV (NASDAQ: ASML) dropped 1.58% to $34.33 in the pre-market trading. ASML reported a more...
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News Summary for July 13, 2011
Wednesday, July 13, 2011 - 7:58am | 580This is your Benzinga news summary and traders' outlook for Wednesday, July 13, 2011, covering headlines from overnight and Wednesday’s pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher as investors wait to see what Federal Reserve Chairman Ben...
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Citi Views Tuesday's Pullback in Equipment Stocks as an Enhanced buying Opportunity
Wednesday, July 13, 2011 - 7:56am | 90“We would generally view Tuesday's pullback in equipment stocks as an enhanced buying opportunity as it appears NVLS' tone last night was as negative as anything we will see moving through earnings season,” Citi wrote in a report focusing on Novellus Systems, Inc. (NASDAQ: NVLS) this morning. “From...
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ASML Reports 80% Surge In Q2 Net Profit
Wednesday, July 13, 2011 - 3:42am | 69ASML Holding NV (NASDAQ: ASML) reported a more than 80% surge in its Q2 net profit. ASML's net profit rose to €432 million ($604.7 million), from €239 million, in the year-earlier period. Its sales jumped 43% to €1.529 billion. Analysts were expecting a net profit of €411.6 million on sales of €1....
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Earnings Scheduled For July 13
Wednesday, July 13, 2011 - 3:04am | 127Marriot International (NYSE: MAR) is projected to report its Q2 EPS at $0.37 on revenue of $3.02 billion. ASML Holding NV (NASDAQ: ASML) is expected to report its Q2 EPS at $1.33 on revenue of $2.13 billion. Yum! Brands Inc (NYSE: YUM) is projected to report its Q2 EPS at $0.61 on revenue of $2....
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 8:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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EMCORE'S New CPV Module Receives Certification to IEC-62108 and Listing to UL-SUB-8703
Tuesday, July 12, 2011 - 4:01pm | 66EMCORE Corporation (NASDAQ: EMKR) today announced the successful completion of third party testing, certification, and listing to IEC-62108 and UL-SUB-8703 for their G3-1090X CPV module. The test results confirm that the G3-1090X fully satisfies the product safety, performance, and reliability...
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Trio-Tech Wins $2.9 Million of Oil and Gas Equipment Fabrication Contracts
Tuesday, July 12, 2011 - 1:03pm | 79Trio-Tech International (NYSE: TRT) announced today that its PT SHI Indonesia subsidiary, a Batam-based manufacturer, equipment fabricator and provider of project management services for the oil and gas industry, has been awarded contracts valued at a total of $2.9 million to manufacture components...