-
Bank of America Merrill Lynch Maintains Buy on Novellus
Wednesday, June 1, 2011 - 7:40am | 174Bank of America Merrill Lynch is out with its report today on Novellus (NASDAQ: NVLS), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "NVLS management maintained their bookings, revenue, shipment and GM guidance for the June Q (F2Q), but suggested that 2Q bookings...
-
Goldman Sachs Adjusts Novellus Estimates
Wednesday, June 1, 2011 - 7:31am | 148Novellus (NASDAQ: NVLS) held its regularly scheduled 2Q11 mid-quarter update, Goldman Sachs reports. “Novellus left the range of its order guidance unchanged at -10% to -25% qoq (implies $311 to $374 mn), but noted bookings are tracking toward the low end of this outlook,” Goldman Sachs writes. “...
-
Top 4 Setups for Wednesday
Tuesday, May 31, 2011 - 5:43pm | 1793( click to enlarge ) Shares of DryShips Inc. (NASDAQ:DRYS) rose 8% to $4.05 cents per share. The technical chart above shows the stock could still go higher as %K line is rising on top of %D line indicating buy signal. In addition, ROC is still at oversold level and could attract bargain...
-
Crushing Harvard's Mighty Endowment Fund?
Monday, May 30, 2011 - 10:57pm | 3471Before I get into my latest topic, I want to follow-up on my Friday comment on pensions leaping back into hedge funds. I was talking to one of the investment professionals who works at an established hedge fund that received an allocation from the $175 million SARA Fund managed by HR Strategies on...
-
A Peek Into The Market Before The Trading Starts
Friday, May 27, 2011 - 7:25am | 421Pre-open movers US stock futures are flat this morning, as investors are awaiting housing and consumer-sentiment data. Futures on the Dow Jones Industrial Average dropped 10 points to 12,399.00 and futures on the S&P 500 stock index rose 0.20 point to 1,326.70. Nasdaq 100 futures dropped 0.25...
-
Tessera Files New Legal Action Against Sony
Friday, May 27, 2011 - 7:05am | 165Tessera Technologies (NASDAQ: TSRA) today announced that its wholly owned subsidiary Tessera has filed a complaint against Sony Corporation in the California State Court of Santa Clara County alleging breach of contract, breach of the covenant of good faith and fair dealing, and seeking declaratory...
-
Friday's Stocks to Watch, May 27
Thursday, May 26, 2011 - 6:12pm | 1833( click to enlarge ) TEKELEC (NASDAQ:TKLC) displayed some impressive relative strength with a 5.58% gain. Today TKLC broke out of its bull flag suggesting a further move to the upside and continuation of this bullish trend. The technical indicators are looking better now for the stock. The...
-
24 High Quality Momentum Stocks for a Market Correction
Thursday, May 26, 2011 - 12:24pm | 3865The US equity markets are in the midst of a correction, consolidation, pullback or whatever other euphemism can be used to describe the recent modest decline in equity prices. During periods of decline it can be helpful to find long ideas among stocks which a) have low levels of debt, in case the...
-
Chanos vs. China?
Wednesday, May 25, 2011 - 10:36pm | 2099Svea Herbst-Bayliss and Matthew Goldstein of Reuters report, Top hedge fund chiefs: short green tech, store gems: Bet against solar energy, says famed short seller James Chanos. Squirrel away gems, advises bond guru Jeffrey Gundlach. Go long on discount retailer Family Dollar, counsels...
-
Options Brief: KLA-Tencor Corporation
Wednesday, May 25, 2011 - 10:39am | 70Shares of KLA-Tencor Corporation (NASDAQ: KLAC) are higher on the session by 0.10%, trading at $40.63. Overall put volume is now running at 3.36x the daily average, with 62% of all puts traded being purchases on the offer. 4,184 contracts have traded on the session so far. KLA-Tencor Corporation...
-
Amkor Technology Calls for Full Redemption of its 9.25% Senior Notes due 2016
Wednesday, May 25, 2011 - 9:05am | 37Amkor Technology, Inc. (NASDAQ: AMKR) is calling today for redemption on June 24, 2011 all of its outstanding 9.25% Senior Notes due 2016. The aggregate principal amount of the Notes currently outstanding is $264,283,000.
-
UPDATE: Stifel Nicolaus Lowers PT on Applied Materials to $18
Wednesday, May 25, 2011 - 8:47am | 117Stifel Nicolaus is out with its report today on Applied Materials (NASDAQ: AMAT), lowering its PT from $19 to $18. In a note to clients, Stifel Nicolaus writes, "Although we are maintaining most of our revenue forecasts for 2011 (both fiscal and calendar years), given the lower gross margin...
-
Upgrades Downgrades, Stocks to Watch May 25
Wednesday, May 25, 2011 - 8:42am | 301iShares Silver Trust ETF (SLV) Started breaking out overnight after Europe opened at the 5am hour. Spot trading above $37. After the Bell American International Group, Inc. (AIG) Offering To Price At $29/Share- Broken in the pre market - Broken on the daily Watch my "On the Wire" video below....
-
Piper Jaffray Lowers PT On Applied Materials To $15.50
Wednesday, May 25, 2011 - 8:31am | 27Piper Jaffray has lowered the price target on Applied Materials (NASDAQ: AMAT) from $18 to $15.50 and maintains its Overweight rating.
-
Benzinga's Top Pre-Market NASDAQ Losers
Wednesday, May 25, 2011 - 8:17am | 128Akorn Inc (NASDAQ: AKRX) dipped 4.41% to $6.72 in the pre-market session. AKRX intends to offer $100 million principal amount of Convertible Senior Notes due 2016 . Costco Wholesale Corporation (NASDAQ: COST) dropped 2.89% to $79 in the pre-market trading. Costco reported a 5.9% rise in its fiscal...