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Stock Picks and Trade Ideas for Thursday, May 12
Wednesday, May 11, 2011 - 5:28pm | 2105( click to enlarge ) Shares of Rambus Inc. (NASDAQ:RMBS) are coming very near to its horizontal support of $18.77. Any close below this level will signal the next leg down has begun. Stop yourself out on any close below this level. Technically, the outlook for RMBS is relatively bearish....
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Flextronics and MEMC Expand Partnership to Produce Solar Panels for SunEdison
Wednesday, May 11, 2011 - 4:08pm | 141Flextronics (NASDAQ: FLEX) and MEMC Electronic Materials, Inc. (NYSE: WFR) today announced the expansion of an agreement between Flextronics and MEMC's affiliate, MEMC Singapore, to produce solar panels for MEMC's SunEdison subsidiary. This partnership expansion includes the production of solar...
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NASDAQ Stocks Hitting 52-Week Highs (TISA, LMNX, GCOM, ASMI)
Wednesday, May 11, 2011 - 10:07am | 132Top Image Systems Ltd (NASDAQ: TISA) shares surged 49.62% to create a new 52-week high of $2.0050. TISA reported a 167% y/y jump in its Q1 net income. Luminex Corporation (NASDAQ: LMNX) shares jumped 2.50% to create a new 52-week high of $21.52. LMNX reported stronger-than-expected Q1 profit....
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Morning Market Losers (IL, DGLY, MTSN, CPTS)
Wednesday, May 11, 2011 - 9:56am | 104IntraLinks Holdings Inc (NYSE: IL) shares dropped 27.38% to $21.78 at 9:55 am. IL reported downbeat Q1 revenue. Digital Ally Inc (NASDAQ: DGLY) dipped 24.63% to $1.01. DGLY reported a 25% y/y decline in its Q1 revenue. Mattson Technology Inc (NASDAQ: MTSN) shares moved down 17.57% to $1.83. MTSN...
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Mattson Technology Prices Underwritten Public Offering of Common Stock, 6.8M Shares Priced at $1.80 Each (MTSN)
Wednesday, May 11, 2011 - 9:10am | 117Mattson Technology (NASDAQ: MTSN) today announced that it has priced its previously announced underwritten public offering of 6,800,000 shares of its common stock at a price to the public of $1.80 per share. The offering is expected to close on or about Monday, May 16, 2011, subject to satisfaction...
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Bank of America Merrill Lynch Maintains Buy on Ultratech (UTEK)
Wednesday, May 11, 2011 - 8:27am | 123Bank of America Merrill Lynch is out with its report today on Ultratech (NASDAQ: UTEK), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "Ultratech benefits from adoption of flipchip semiconductor packaging and the need for ultra shallow junction formation for advanced...
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Benzinga's Top Pre-Market NASDAQ Gainers (ROVI, ASYS, ZAGG, HALO)
Wednesday, May 11, 2011 - 8:19am | 138Rovi Corporation (NASDAQ: ROVI) shares surged 13.12% to $56.20 in the pre-market session. ROVI reported upbeat Q1 earnings. Amtech Systems Inc (NASDAQ: ASYS) shares advanced 7.09% to $22.67 in the pre-market session. ASYS reported its Q2 net income at $7.5 million, versus a net income of $5.0...
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Bank Of America Merrill Lynch Reports Increased EUV R&D Will Lead To Long-Term Positive For Cymer (CYMI)
Wednesday, May 11, 2011 - 7:48am | 127In a recent report, Bank of America Merrill Lynch has projected a long-term positive for Cymer (NASDAQ: CYMI) after CFO, Paul Bowman, presented at the annual SmidCap conference and reiterated continuation of the EUV (Extreme UltraViolet) R&D. The price target on CYMI remains at $57.00. In the...
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Bank Of America Merrill Lynch Reiterates Buy Rating And Maintains $19 PT On AEIS
Wednesday, May 11, 2011 - 7:15am | 100In a recent report, Bank of America Merrill Lynch has reiterated a Buy rating and a $19 price target on Advanced Energy (NASDAQ: AEIS) after CFO, Danny Herron, presented at the annual BofA Merrill Lynch SmidCap conference. In the report, BofA Merrill Lynch said, "We expect AEIS to benefit from...
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Wednesday's Stocks to Watch and Trading Ideas
Tuesday, May 10, 2011 - 5:18pm | 2681( click to enlarge ) I think today's price action in FORM's stock gave more good signals, which could be the start of a bigger move. FormFactor, Inc. (NASDAQ:FORM) reacted very well to the 50 days SMA support, volume has increased and the candlestick pattern is a reversal one. If the stock can...
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Mattson Technology, Inc. Announces Proposed Public Offering
Tuesday, May 10, 2011 - 4:23pm | 104Mattson Technology, Inc. (NASDAQ: MTSN) today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to...
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Mad Money Lightning Round: Cramer Dislikes Raytheon, Renren (RENN, RBCN, CREE, OMN, LYB, RTN, BBY, AMZN)
Tuesday, May 10, 2011 - 1:52am | 259On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Renren (NYSE: RENN) is “just too expensive. I said buy it for a flip, and now you've got to go go go. I just don't see any value in these Chinese stocks. They're too expensive." He believes that Rubicon Technologies (NASDAQ:...
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Buyers Flexing Muscles 05-09-2011
Monday, May 9, 2011 - 6:34pm | 931Cusick's Corner Buyers are flexing their muscles into the Midday after what seemed to be a potentially shaky open with the Dollar firming and the S&P downgrade of Greece. While the commodity sector will need some more economic confidence building before Funds and Specs come back into those...
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Trade Ideas for Tuesday, May 10
Monday, May 9, 2011 - 5:37pm | 2082( click to enlarge ) There is an interesting pattern developing in FormFactor, Inc. (NASDAQ:FORM). The stock has been consolidating for several months after a horrific decline last year. The Volume has been gradually building on the right side of the base, and stock is testing again its 50-day...
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Options Brief: Applied Materials, Inc. (AMAT)
Monday, May 9, 2011 - 10:35am | 96Shares of Applied Materials, Inc. (NASDAQ: AMAT) are lower on the session by 1.12%, trading at $15.06. Overall call volume is now running at 3.32x the daily average, with 2% of all calls traded being purchases on the offer. 24,056 contracts have traded on the session so far. Applied Materials,...