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JP Morgan Lowers PT On Applied Materials To $12
Tuesday, July 12, 2011 - 6:47am | 27JP Morgan has lowered the price target on Applied Materials (NASDAQ: AMAT) from $13 to $12 and maintains its Neutral rating.
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Goldman Sachs Reiterates Neutral and PT of $30 on Novellus Systems
Tuesday, July 12, 2011 - 6:18am | 59Goldman Sachs reiterated its Neutral rating on Novellus Systems (NASDAQ: NVLS). At the same time, Goldman left its price target on the company's stock unchanged at $30. On Friday, Novellus lost 0.56% of its value to end the day at $35.77. Its shares continued to slide in today's pre-market trading...
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Bank of America Lowers PO On Novellus to $39
Tuesday, July 12, 2011 - 6:16am | 27Bank of America has lowered the price objective on Novellus (NASDAQ: NVLS) from $42 to $39 and maintains its Buy rating.
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ReneSola Lowers Q2 Revenue Projections; Shares Down In Pre-Market
Tuesday, July 12, 2011 - 5:42am | 71ReneSola Ltd (NYSE: SOL) lowered its second-quarter revenue projections. ReneSola now expects revenue to be in the range of $235 million to $245 million, down from its previous forecast of $280 million to $300 million. It projects total solar wafer and module shipment to be in the range of 290...
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US Stock Futures Down On Italy Debt Fears
Tuesday, July 12, 2011 - 5:37am | 305US stock futures are lower this morning, as debt fears moved to Italy. Futures on the Dow Jones Industrial Average dropped 101 points to 12,388.00 and futures on the S&P 500 stock index fell 14.10 points to 1,304.50. Nasdaq 100 futures declined 20.75 points to 2,346.25. US stocks closed lower...
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Benzinga's After Hours Movers
Monday, July 11, 2011 - 6:20pm | 341Among the stock's that are moving on heavy volume in the after hours trading session are Radient Systems (NASDAQ: RADS), Clean Energy Fuels Corp. (NASDAQ: CLNE), Microchip Technology (NASDAQ: MCHP), Novellus Systems (NASDAQ: NLS), Intel (NASDAQ: INTC) and Annaly Capital Management (NYSE: NLY)....
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Stocks to Watch for Tuesday 07/12/11: Fresh 52 Week Highs and Lows
Monday, July 11, 2011 - 5:09pm | 1546Stocks 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 Monday's trading session (listed from highest total volume to lowest): 1) BioSante Pharmaceuticals (NASDAQ: BPAX...
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Novellus Reports Mixed Earnings; Stock Falls
Monday, July 11, 2011 - 4:21pm | 90Chip equipment company Novellus Systems (NASDAQ: NVLS) released its Q2 earnings results after the closing bell on Monday. The company reported earnings per share of $0.79, which compared to analysts consensus EPS estimates of $0.76. In the year ago period, NVLS reported EPS of $0.67. Revenues...
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Novellus Earnings Preview
Monday, July 11, 2011 - 3:34pm | 124Novellus Systems (NASDAQ: NVLS) is set to report its quarterly earnings results after the closing bell on Monday. Wall Street analysts anticipate the company will report earnings per share of $0.76. This compares to the $0.67 the company reported in the year ago period. Revenues are expected to...
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Political Turmoil Takes Over Market 07-11-2011
Monday, July 11, 2011 - 2:12pm | 1036Cusick's Corner Selling has been brisk this morning, especially strong after the talks broke over the weekend between the Democrats and Republicans, setting up for some serious battling as we get closer to the August date of missing a payment. The EU continues to be a thorn and early news this...
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Top 4 Small-Cap Stocks In The Scientific & Technical Instruments Industry With The Highest ROE
Monday, July 11, 2011 - 11:42am | 118Below are the top small-cap scientific & technical instruments stocks on the NYSE, the NASDAQ and the AMEX in terms of return on equity. The trailing-twelve-month return on equity at eMagin Corporation (AMEX: EMAN) is 69.62%. EMAN's profit margin for the same period is 45.66%. The trailing-...
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Lam Research up Over 3% on Citigroup Upgrade
Monday, July 11, 2011 - 10:50am | 46Lam Research (NASDAQ: LRCX) is up over 3% on a Citigroup upgrade earlier this morning. Citigroup upgraded the company from Sell to Buy and raised the price target from $43 to $62. Lam Research is currently trading at $45.61, a gain of 3.26%.
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Options Brief: KLA-Tencor
Monday, July 11, 2011 - 10:15am | 69Shares of KLA-Tencor (NASDAQ: KLAC) are higher on the session by 2.49%, trading at $43.30. Overall call volume is now running at 2.42x the daily average, with 13% of all calls traded being purchases on the offer. 4,469 contracts have traded on the session so far. KLA-Tencor Corporation is a...
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ASM International Announces Amendment of Its Existing Credit Facility
Monday, July 11, 2011 - 9:12am | 72ASM International N.V. (NASDAQ: ASMI) today announced that it has increased and extended its existing standby revolving credit facility. The credit commitment was increased from EUR 90 million to EUR 150 million and the maturity date was extended from 1 November 2012 until July 31 2014. In the...
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Benzinga's Top Upgrades
Monday, July 11, 2011 - 9:03am | 125Analysts at PritchardCapital Partners upgraded Venoco (NYSE: VQ) from “neutral” to “buy.” Venoco's shares closed at $13.00 on Friday. Venoco's PEG ratio is 1.16. Analysts at Oppenheimer upgraded Microsemi Corp (NASDAQ: MSCC) from “perform” to “outperform.” Microsemi's shares closed at $20.87 on...