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BofA Merrill Lynch Maintains Buy on Broadcom
Thursday, June 2, 2011 - 9:57am | 142Bank of America Merrill Lynch is out with its report today on Broadcom (NASDAQ: BRCM), maintaining Buy after Broadcom CEO, Scott McGregor presented at the Bank of America Merrill Lynch Tech Conference. In a note to clients, Bank of America Merrill Lynch writes, "Broadcom highlighted its strong...
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Citi Maintains Buy on Altera
Thursday, June 2, 2011 - 8:26am | 108Citi is out with its report today on Altera (NASDAQ: ALTR), maintaining Buy. In a note to clients, Citi writes, "We upgraded Altera on 3/25 following resumption of Telecom & Wireless customer orders following inventory reduction during 4Q10/1Q11. With sustainable share leadership at 40nm, we...
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Benzinga's Top Pre-Market NASDAQ Losers
Thursday, June 2, 2011 - 8:18am | 135AudioCodes Ltd (NASDAQ: AUDC) dipped 1.17% to $5.08 in the pre-market session. AUDC's trailing-twelve-month ROA is 4.43%. ARM Holdings plc (NASDAQ: ARMH) dropped 1.15% to $27.47 in the pre-market trading. ARMH's PEG ratio is 3.04. Yongye International Inc (NASDAQ: YONG) fell 0.39% to $5.17 in...
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JP Morgan Reports on Xilinx
Thursday, June 2, 2011 - 8:17am | 117Citigroup commented on Xilinx (NASDAQ: XLNX) in a report released today. In the report, Citigroup was positive in its assessment of the company. Citigroup writes, "We believe Xilinx has at least caught up to if not passed Altera at the leading-edge 28 nm node after moving to TSMC for its new...
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Morgan Keegan Reiterates Outperform on RF Micro Devices
Thursday, June 2, 2011 - 6:40am | 111Morgan Keegan reiterated its Buy rating on RF Micro Devices (NASDAQ: RFMD) after a meeting with the company's management. In a research report published today, Morgan Keegan states, "We had the opportunity to catch up with RFMD's management team and walked away with several incremental data points...
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Benzinga's Top ETF Decliners, June 1st (AGQ, FAS, TNA, SOXL, DRN)
Wednesday, June 1, 2011 - 7:06pm | 254ProShares Ultra Silver (ETF) (NYSE: AGQ) led the decliners among the ETFs on Wednesday, with a loss of 9.69%. AGQ closed at $187.12, and it had a volume of 3.01M traded shares. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) dropped 9.53% today as Bank of America Corporation (NYSE: BAC)...
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Second Wave of Russell ETFs Comes Ashore
Wednesday, June 1, 2011 - 6:29pm | 1730Boom! Russell Investments jumped from sponsoring just one ETF to 17 in a span of less than 10 days. The firm introduced a 10-fund suite of Russell Factor ETFs last Friday (5/27/11). The second wave of new products comes quick on the heels of the Russell Investment Discipline Index ETFs rollout....
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CEO of PMC-Sierra Sells 13,884 Shares
Wednesday, June 1, 2011 - 4:15pm | 27The CEO of PMC-Sierra (NASDAQ: PMCS) sold 13,884 shares of stock at $7.76 per share for proceeds of $107,740 as of May 27, 2011.
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What Nokia's Implosion Means for Microsoft's Smartphone Assault
Wednesday, June 1, 2011 - 2:17pm | 634By Michael Comeau Nokia's (NOK) big blow-up yesterday should come as no surprise to anyone with even a mild interest in the mobile-phone business. I said last summer that “if your name isn't Apple (AAPL), Android is going to kill you.” The numbers have supported this theory all along. Gartner...
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Benzinga's Top Pre-Market NASDAQ Losers
Wednesday, June 1, 2011 - 8:23am | 156American Superconductor Corp (NASDAQ: AMSC) dipped 11.13% to $9.50 in the pre-market session. American Superconductor reported that it will delay filing its annual report with the Securities and Exchange Commission and projects to report lower revenue for the fiscal year than it had originally...
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Collins Stewart Provides Color on Semiconductor Sector
Wednesday, June 1, 2011 - 8:21am | 523Collins Stewart provided color on semiconductor sector ahead of Computex in Taiwan. In a research report published today, Collins Stewart states, "We are attending Computex this week in Taiwan. Following several days of meetings, we believe PC unit shipments continue to be on track for a ~10% q/q...
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Ramtron International (NASDAQ:RMTR) – Chart Signals A Possible Breakout!
Wednesday, June 1, 2011 - 5:16am | 336Ramtron International (NASDAQ:RMTR) is a stock that I first posted about in early April and since then we have seen a very strong rebound. Since my initial post, the stock has gained an impressive 32% on yesterday's close of $3.42. Yesterday's close also saw a major upper resistance level at $3.30...
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Benzinga's Top ETF Gainers, May 31st (CZM, DZK, TAN, DRN)
Tuesday, May 31, 2011 - 7:08pm | 210Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) spiked 6.43% on Tuesday, and it closed at $51.01. PetroChina Company Limited (ADR) (NYSE: PTR) is a component of the BNY China Select ADR Index, and it gained 3.27%. Direxion Daily Developed Markets Bull 3X Shares(ETF) (NYSE: DZK) jumped 6.18%...
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Headline Away from Adding Volatility 05-31-2011
Tuesday, May 31, 2011 - 6:39pm | 911Cusick's Corner A few weeks ago I wrote that I had never seen a market top when retail sentiment shifted to the sidelines so quickly. But the skeptics are gaining some decent bullets, the data stinks. This has investors scratching their heads, watching this market run. But traders are just waiting...
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Broadcom Falls 3%
Tuesday, May 31, 2011 - 3:34pm | 92Semiconductor company Broadcom (NASDAQ: BRCM) have lost around 3% during Tuesday's trading session. The shares are currently trading hands for $35.47. The stock gapped up last Friday morning, and this gap could be closed in the coming trading sessions. BRCM needs to retrace to the $34.62 level to...