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Benzinga's Top Pre-Market NASDAQ Losers (INVE, DSCM, ASML, SMT)
Wednesday, April 13, 2011 - 8:23am | 110Identive Group Inc (NASDAQ: INVE) dipped 10.90% to $5.07 in the pre-market session. INVE's trailing-twelve-month ROE is -17.61%. drugstore.com inc (NASDAQ: DSCM) lost 1.56% to $3.78 in the pre-market session. Branam Oral Health Technologies Inc reported a new national distribution contract with...
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Piper Jaffray Overweight On Applied Materials (AMAT)
Wednesday, April 13, 2011 - 7:27am | 168Piper Jaffray has an Ovweweight rating and a $22 price target on shares of Applied Materials (NASDAQ: AMAT). In a note to clients, Piper Jaffray writes, "We are seeing strong demand for capital equipment for power semiconductor devices. We believe this is being driven by increasing demand from the...
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Catalysts Bulls May Look For
Tuesday, April 12, 2011 - 7:27pm | 731Cusick's Corner Uncertainty -- the market is trading with little conviction and is below the 50-Day Moving Average, which means trading below mid-term support and looking a little uncertain. JPM is reporting earnings tomorrow and they could give a potential boost to the lagging Financials. Tech...
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Is this a Sell-Off or Consolidation?
Tuesday, April 12, 2011 - 3:37pm | 1036Cusick's Corner As I look at the market and its current state, I turn to those offensive sectors as a gauge of strength -- XLF, XLE, QQQQ, and XLY. Financials and Energy have been lagging the recent run up and now are challenged. It is notable that all four of these sectors are in the red. So...
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Benzinga's Top Pre-Market NASDAQ Losers (EXTR, ARMH, MU, NVMI)
Tuesday, April 12, 2011 - 8:07am | 125Extreme Networks Inc (NASDAQ: EXTR) dipped 21.83% to $2.65 in the pre-market session. EXTR issued downbeat Q3 revenue projections. ARM Holdings plc (NASDAQ: ARMH) fell 2.87% to $27.80 in the pre-market session. ARMH's PEG ratio is 4.24. Micron Technology Inc (NASDAQ: MU) moved down 1.30% to $10...
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MEMC Resumes Wafer Production in Japan
Tuesday, April 12, 2011 - 8:06am | 133MEMC Electronic Materials, Inc. (NYSE: WFR) today announced that it has resumed production of 300mm wafers at its facility in Utsunomiya, Japan following the earthquake that occurred on March 11. The facility has been shipping unaffected product and has resumed production on qualified process...
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The Long and Short of ASML Holding N.V. (ASML)
Monday, April 11, 2011 - 3:50pm | 324Shares of ASML Holding N.V. (NASDAQ: ASML) are higher on the session by 1.38%, currently trading at $42.94. The company is scheduled to report earnings before the bell on April 13th, 2011. Playing stocks into earnings is often considered flat out gambling, but if done right, traders can take...
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Options Brief: Lam Research Corporation (LRCX)
Monday, April 11, 2011 - 11:04am | 86Shares of Lam Research Corporation (NASDAQ: LRCX) are higher on the session by 0.50%, trading at $52.68. Overall put volume is now running at 2.11x the daily average, with 10% of all puts traded being purchases on the offer. 2,248 contracts have traded on the session so far. Lam Research...
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Today's Action Had Some Buying on the Dips 04-07-2011
Thursday, April 7, 2011 - 6:55pm | 961Cusick's Corner The news today that Japan experienced yet another earthquake spooked the market, triggering selling. There were initial reports that their nuclear facilities did not suffer any damage so the sell-off did not last long and there was buying on the dips, which helped the markets trade...
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Puts Purchased on Lam Research Corporation (LRCX)
Thursday, April 7, 2011 - 10:49am | 134Shares of Lam Research Corporation (NASDAQ: LRCX) are lower on the session by 7.78%, currently trading at $51.94. The stock has been moving largely higher over the past six months and is currently trading above 200-day moving average. Options traders are buying puts on the name today. A short...
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Citi Comments On Lam Research; Adds To Conviction Sell List
Thursday, April 7, 2011 - 9:10am | 174Checks suggest Samsung has very recently decided to push out shipments with Lam Research (NASDAQ: LRCX) in CQ2 and 2H:11 as part of cutting ~$1B out of planned capex for CQ3:11. Based on LRCX shares this means risk to shipments of ~$100MM. To be very clear, this should NOT affect recently closed...
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Benzinga's Top Pre-Market NASDAQ Losers (PWER, XING, TZOO, ASML)
Thursday, April 7, 2011 - 8:21am | 115Power-One Inc (NASDAQ: PWER) dipped 4.10% to $7.95 in the pre-market session. PWER trimmed its Q1 revenue projections. Qiao Xing Universal Resources Inc (NASDAQ: XING) lost 3.06% to $2.22 in the pre-market session. XING's trailing-twelve-month ROE is -1.72%. Travelzoo Inc (NASDAQ: TZOO) moved...
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Tessera Announces Strategic Reorganization Initiatives
Wednesday, April 6, 2011 - 4:06pm | 137Tessera Technologies, Inc. (Nasdaq: TSRA) announced today two corporate initiatives to enhance the strategic positioning. Tessera announced today the formation of a new group charged with developing, acquiring and monetizing semiconductor technologies beyond packaging, to be led by Simon McElrea...
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Quantum Global Technologies to Acquire Chamber Cleaning and Coat (AMAT)
Tuesday, April 5, 2011 - 5:03pm | 62Applied Materials, Inc. (Nasdaq: AMAT) and Quantum Global Technologies, LLC today announced a definitive agreement for QuantumClean to acquire the assets of Applied Materials' Chamber Performances Services (CPS) semiconductor process kit precision cleaning, coating services and associated...
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Transcat Completes Acquisition of CMC Instrument Services
Tuesday, April 5, 2011 - 4:08pm | 57Transcat, Inc. (Nasdaq: TRNS) announced today that it has completed the acquisition of substantially all of the assets of CMC Instrument Services, Inc. The purchase was an all cash transaction although terms were not disclosed. The acquisition further expands Transcat's presence in the Rochester,...