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Texas Instruments Falls after Disappointing Guidance
Wednesday, June 8, 2011 - 4:50pm | 55Texas Instruments Incorporated (NYSE: TXN) today narrowed and lowered its expected ranges for revenue and earnings per share. The company currently expects its financial results to be within the following ranges: Revenue: $3.36 – 3.50 billion, compared with the prior range of $3.41 – 3.69 billion...
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Tonight's Notable Events June 8
Wednesday, June 8, 2011 - 4:47pm | 279Texas Instruments (TXN) Lowers guidance - at 4:30 - Takes a $2 hit and viloat -- Revenue: $3.36 - 3.50 billion, compared with the prior range of $3.41 - 3.69 billion -- EPS: $0.51 - 0.55, compared with the prior range of $0.52 - 0.60 4 offerings post close Spectra Energy...
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UPDATE: Texas Instruments Cuts Q2 EPS and Revenue Guidance
Wednesday, June 8, 2011 - 4:33pm | 55Texas Instruments Incorporated (NYSE: TXN) today narrowed and lowered its expected ranges for revenue and earnings per share. The company currently expects its financial results to be within the following ranges: Revenue: $3.36 – 3.50 billion, compared with the prior range of $3.41 – 3.69...
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Watching 1250 06-08-2011
Wednesday, June 8, 2011 - 3:06pm | 962Cusick's Corner The market is hovering at the moment, no real change over yesterday's close. Most traders are now watching the 1250 level. Europe was weak overnight and the Euro is dropping, but the headlines are not inspiring much of a trend in the trade so far today, some of the bearish move...
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Benzinga's Volume Losers (JDSU, SINA, BIDU, CRUS)
Wednesday, June 8, 2011 - 1:31pm | 188Once again on Wednesday, a wide cross section of stocks are losing ground, despite the markets being relatively flat at midday. Among the high volume losers are JDS Uniphase (NASDAQ: JDSU), SINA Corp. (NASDAQ: SINA), Baidu.com (NASDAQ: BIDU), and Cirrus Logic (NASDAQ: CRUS). JDSU has shed 4.14%...
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Weakest Technology Stocks Right Now
Wednesday, June 8, 2011 - 1:08pm | 1531) Motorola Mobility Holdings (NYSE: MMI): Currently trading down 4.1% from yesterday's close to $23.59. Shares have broken below their 50-day simple moving average (one year daily chart) in today's session. 2) Micron Technology (NASDAQ: MU): Currently trading down 4.1% from yesterday's close to...
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Options Brief: Atmel Corporation
Wednesday, June 8, 2011 - 12:59pm | 77Shares of Atmel Corporation (NASDAQ: ATML) are lower on the session by 4.15%, trading at $13.73. Overall call volume is now running at 4.14x the daily average, with 44% of all calls traded being purchases on the offer. 10,597 contracts have traded on the session so far. Atmel Corporation is...
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Puts Purchased on Cypress Semiconductor Corporation
Wednesday, June 8, 2011 - 12:19pm | 111Shares of Cypress Semiconductor Corporation (NYSE: CY) are lower on the session by 2.73%, currently trading at $21.94. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the...
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Endexx Acquires Global Solaris
Wednesday, June 8, 2011 - 11:17am | 439Endexx Corporation (Pink Sheets: EDXC), a provider of solar and wind technologies to a variety of customers, similar to companies like LDK Solar Co., Ltd. (NYSE: LDK) and First Solar Inc. (Nasdaq: FSLR), recently acquired Global Solaris of Sedona, AZ. Endexx Corporation (PINKSHEETS: EDXC) announced...
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Options Brief: Maxim Integrated Products, Inc.
Wednesday, June 8, 2011 - 10:48am | 86Shares of Maxim Integrated Products, Inc. (NASDAQ: MXIM) are lower on the session by 0.51%, trading at $25.60. Overall put volume is now running at 8.99x the daily average, with 23% of all puts traded being purchases on the offer. 5,295 contracts have traded on the session so far. Maxim...
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Goldman Sachs Suggests Buying Put Spreads on Micron Technology
Wednesday, June 8, 2011 - 9:53am | 150Goldman Sachs is out with a research report this morning, where is suggests that traders buy 1x2 put spreads on Micron Technology (NYSE: MU). Goldman Sachs semiconductor analyst, James Schneider, sees 11% downside to Sell rating MU shares over the next 6-mths. He expects DRAM pricing to move...
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Citadel Expects No Surprised From Texas Instruments in 2Q11 Mid-Quarter Update Today
Wednesday, June 8, 2011 - 8:07am | 110According to a recent report from Citadel, Texas Instruments (NYSE: TXN) is expected to provide a 2Q11 mid-quarter update after the market closes today. Citadel expects no surprises from TXN and remain concerned about the health of the business moving forward. Citadel reiterates Reduce rating and $...
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Jefferies Gives Update on the Upcoming Management Meeting at Intersolar
Wednesday, June 8, 2011 - 7:55am | 99According to a recent report, Jefferies meetings at Intersolar will start today after several meetings at the Solar Plaza forum and with suppliers and developers that took place this week. According to Jefferies, expected points from the meeting will include Jefferies thesis that the lowerst cost...
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Brean Murray Lowers PT On LDK Solar To $12
Wednesday, June 8, 2011 - 7:35am | 29Brean Murray Carret & Company has lowered the price target on LDK Solar (NYSE: LDK) from $20 to $12 and maintains its Buy rating.
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US Stock Futures Signal Lower Start On Wall Street
Wednesday, June 8, 2011 - 6:17am | 494US stock futures are lower this morning after Federal Reserve Chairman Ben Bernanke's speech. Investors are awaiting the Fed's recent summary of regional conditions. Futures on the Dow Jones Industrial Average dropped 32 points to 12,040.00 and futures on the S&P 500 stock index fell 3.90...