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Morning Market Movers (LTXC, EXEL, MPB, BSPM)
Thursday, November 18, 2010 - 11:11am | 124LTX-Credence Corporation (NASDAQ: LTXC) jumped 31.10% to $7.84 at 10:10 am. LTXC is all set to report its Q1 results on November 23. Exelixis Inc (NASDAQ: EXEL) climbed 26.06% to $5.95. EXEL has reported interim data from the patients with metastatic castration-resistant prostate cancer (CRPC)...
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Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 10:33am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...
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Goldman Sachs Constructive On Applied Materials (AMAT)
Thursday, November 18, 2010 - 10:05am | 170Goldman Sachs has a research report on Applied Materials, Inc. (NASDAQ: AMAT), and it has a $17 price target and it's on America's Buy List. In a note sent to clients, Goldman writes, "We continue to expect about 20% growth in CY2011 semi capex, and are encouraged that the company is now tracking...
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Suntech Power Posts Lower Profits - Analyst Blog
Thursday, November 18, 2010 - 10:03am | 841Suntech Power Holdings Company Ltd. (STP) posted 18 cents of earnings per American Depository Share (EPADS) in the third quarter compared to 16 cents in the year-ago quarter. However rising silicon wafer costs and weaker selling prices led to Suntech posting lower profits in the quarter compared...
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Applied Tops, Outlook Weakens - Analyst Blog
Thursday, November 18, 2010 - 9:00am | 1618Applied Materials' (AMAT) fourth quarter earnings beat the Zacks Consensus by 5 cents, or 16.1%. Revenue came in much higher than expectations, exceeding the Zacks Consensus by 11.3%. All except the Applied Global Services (“AGS”) segment outperformed management guidance. However, the improvement...
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Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 5:08am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...
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Suntech Power Posts Lower Profits - Analyst Blog
Thursday, November 18, 2010 - 4:17am | 841Suntech Power Holdings Company Ltd. (STP) posted 18 cents of earnings per American Depository Share (EPADS) in the third quarter compared to 16 cents in the year-ago quarter. However rising silicon wafer costs and weaker selling prices led to Suntech posting lower profits in the quarter compared...
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Stocks To Watch For November 18 (LTD, DELL, AMAT, DLTR, PETM)
Thursday, November 18, 2010 - 4:01am | 233Some of the stocks that may grab the investor focus today are: Limited Brands Inc (NYSE: LTD) reported its Q3 earnings at $0.18 per share, up from $0.05 per share, in the year-ago period. The company's sales came in at $1.98 billion, up from $1.77 billion, in the year-ago quarter. LTD shares surged...
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Applied Tops, Outlook Weakens - Analyst Blog
Thursday, November 18, 2010 - 3:30am | 1618Applied Materials' (AMAT) fourth quarter earnings beat the Zacks Consensus by 5 cents, or 16.1%. Revenue came in much higher than expectations, exceeding the Zacks Consensus by 11.3%. All except the Applied Global Services (“AGS”) segment outperformed management guidance. However, the improvement...
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Mad Money Lightning Round OT: Cramer Is A Buyer Of BBY (GLD, EGO, SLW, BIDU, GOOG, BBY, AGN, SMT, GSK, RFMD, AMAT)
Wednesday, November 17, 2010 - 9:03pm | 451Jim Cramer said on CNBC's Mad Money Lightning Round OT that it makes more sense to buy SPDR Gold Trust (ETF) (NYSE: GLD) or Eldorado Gold Corporation (USA) (NYSE: EGO) than Silver Wheaton Corp. (USA) (NYSE: SLW). SPDR Gold Trust (ETF) (GLD) fell 0.45% on Wednesday, while Eldorado (EGO) and Silver...
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Applied Materials Sees Q1 2011 EPS of $0.30 to $0.34
Wednesday, November 17, 2010 - 5:10pm | 60Applied Materials, Inc. (NASDAQ: AMAT): For the first quarter of fiscal 2011, Applied expects net sales to be down in the range of 8 percent to 15 percent quarter over quarter. The company expects non-GAAP EPS to be in the range of $0.30 to $0.34, which excludes known charges related to completed...
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Applied Materials Fourth Quarter EPS of $.36
Wednesday, November 17, 2010 - 5:05pm | 112Applied Materials, Inc. (NASDAQ: AMAT) today reported stronger than expected results for its fourth quarter of fiscal 2010 ended Oct. 31, 2010. Applied generated orders of $3.03 billion, net sales of $2.89 billion, operating profit of $699 million, and net income of $468 million or $0.35 per share...
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Stock Market News for November 17, 2010 - Market News
Wednesday, November 17, 2010 - 10:33am | 985Reports of a slowdown in China and concerns that the European debt crisis could spread throughout the continent cast a shadow on Wall Street Tuesday, sending the Dow average to its biggest single-session drop since August. The fast-paced economic growth in some Asian economies, particularly...
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EMCORE Corporation Announces $35M Credit Facility
Wednesday, November 17, 2010 - 10:13am | 56EMCORE Corporation (NASDAQ: EMKR) today announced the establishment of a revolving credit facility with Wells Fargo (NYSE: WFC). The asset-based credit facility provides for borrowings up to $35 million for working capital requirements, letters of credit and other general corporate purposes.
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
Wednesday, November 17, 2010 - 9:45am | 306Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Koninklijke Ahold N.V. (AHONY) Air Liquide (AIQUY) Altra Holdings Inc (AIMC) Companhia de Bebidas das Americas (ABV) Amtech Systems Inc (ASYS) View the entire Zacks #1 Rank List. AMBEV-PR ADR (ABV): Free Stock Analysis...