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Benzinga's Top Pre-Market NASDAQ Losers
Wednesday, May 25, 2011 - 8:17am | 128Akorn Inc (NASDAQ: AKRX) dipped 4.41% to $6.72 in the pre-market session. AKRX intends to offer $100 million principal amount of Convertible Senior Notes due 2016 . Costco Wholesale Corporation (NASDAQ: COST) dropped 2.89% to $79 in the pre-market trading. Costco reported a 5.9% rise in its fiscal...
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Benzinga's Top Downgrades
Wednesday, May 25, 2011 - 8:16am | 134Analysts at Nomura downgraded Vodafone Group Plc (NASDAQ: VOD) from “buy” to “neutral.” VOD's shares closed at $27.55 yesterday. Vodafone's PEG ratio is 3.42. Bank of America downgraded Knight Transportation Inc (NYSE: KNX) from “buy” to “neutral.” KNX's shares closed at $16.92 yesterday. Knight...
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Citadel Maintains Neutral on Marvell Technologies
Wednesday, May 25, 2011 - 8:07am | 197Citadel is out with its report today on Marvell Technologies (NASDAQ: MRVL), maintaining Neutral. In a note to clients, Citadel writes, "Year to date, Marvell has been among the worst performing names in our universe, down 23% vs. a 5% increase for the rest of our coverage. At issue have been...
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Auriga Lowers PT On NetLogic To $36
Wednesday, May 25, 2011 - 7:11am | 27Auriga USA has lowered the price target on NetLogic Microsystems (NASDAQ: NETL) from $49 to $36 and maintains its Hold rating.
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Morgan Keegan Provided Color on OmniVision Technologies, Market Perform
Wednesday, May 25, 2011 - 6:15am | 107Morgan Keegan provided color on OmniVision Technologies (NASDAQ: OVTI) before the company announces its Q1 earnings results on Thursday, May 26. In a research report published today, Morgan Keegan states, "We continue to believe the risk/reward ratio is unfavorable given the increased competition...
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Goldman Sachs On Qualcomm's Completed Acquisition Of Atheros
Wednesday, May 25, 2011 - 6:06am | 84This morning, Goldman Sachs writes "On Tuesday after the close, Qualcomm announced it had completed the acquisition of Atheros for an enterprise value of $3.1 bn. The acquisition is expected to be modestly dilutive to EPS in FY2011 and modestly accretive in FY12, consistent with Qualcomm's original...
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Earnings Scheduled For May 25
Wednesday, May 25, 2011 - 1:29am | 424Polo Ralph Lauren Corp (NYSE: RL) is expected to post its Q4 earnings at $0.79 per share on revenue of $1.39 billion. Hormel Foods Corp (NYSE: HRL) is estimated to report its Q2 earnings at $0.40 per share on revenue of $1.82 billion. Netapp Inc (NASDAQ: NTAP) is estimated to post its Q4 EPS at...
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More Spying on Elite Funds - Part 2
Tuesday, May 24, 2011 - 7:05pm | 1695A follow-up to my last comment on spying on elite funds. We begin with an article by Naked Value on Seeking Alpha, Paulson & Co.'s Biggest Buy, Biggest Sell and Top Holdings. You'll notice that unlike Dodge and Cox, Paulson & Co sold all their Pfizer shares, and initiated a new position in...
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Options Brief: Fairchild Semiconductor International
Tuesday, May 24, 2011 - 10:19am | 79Shares of Fairchild Semiconductor International (NYSE: FCS) are higher on the session by 1.36%, trading at $18.57. Overall call volume is now running at 9.32x the daily average, with 12% of all calls traded being purchases on the offer. 4,602 contracts have traded on the session so far....
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Lazard Capital Reiterates Buy on Entropic Communications
Tuesday, May 24, 2011 - 9:42am | 224Lazard Capital is out with its report today on Entropic Communications (NASDAQ: ENTR), reiterating Buy. In a note to clients, Lazard Capital writes, "Entropic is one of our top picks for the rest of the year. With the increasing interest in home connectivity, we believe the potential for an...
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Cree Popping 4% On GE News
Tuesday, May 24, 2011 - 9:33am | 100Cree, Inc. (NASDAQ: CREE) shares are popping this morning, gaining more than 4% on news that Canaccord Genuity says the company won General Electric's (NYSE: GE) replacement bulb business. At last check, shares of Cree were up $1.81 to $43.37, a gain of 4.35% on 100,000 shares this morning. Cree...
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8x8 Signs Master Agent World Telecom Group to Offer Cloud-Based VoIP and Video Services
Tuesday, May 24, 2011 - 8:16am | 468x8, Inc. (Nasdaq: EGHT) today announced it has significantly upgraded its contract with World Telecom Group to offer 8x8 cloud-based Voice over Internet Protocol (VoIP) and Unified Communications services to businesses nationwide through its network of agent partners.
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Benzinga's Top Pre-Market NASDAQ Gainers
Tuesday, May 24, 2011 - 8:12am | 136GT Solar International Inc (NASDAQ: SOLR) shares advanced 14.46% to $13.30 in the pre-market session. SOLR reported upbeat Q4 earnings and lifted its FY12 earnings forecast. Sify Technologies Limited (NASDAQ: SIFY) shares advanced 11.06% to $4.92 in the pre-market session. : SIFY announced their...
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Fast Money Picks For May 24th (TUR, NS, MU, TGT, XLV)
Monday, May 23, 2011 - 7:43pm | 219CNBC Fast Money's Tim Seymour thinks that you should buy iShares MSCI Turkey Index Fund (NYSE: TUR) on Tuesday. Lower commodity prices are great for Turkey. iShares MSCI Turkey Index Fund (TUR) fell 1.14% today. Stephen Weiss is a buyer of NuStar Energy L.P. (NYSE: NS), because NuStar's (NS) CEO...
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Risk Off Continues 05-23-2011
Monday, May 23, 2011 - 6:35pm | 918Cusick's Corner Risk off trade continued into the After Hours and there was no real pressure on the shorts. Finance, XLF, is not a sector where we want to see any weakness if this market is going to get some potential legs to the upside. Bonds, TLT, may be on the move higher today, but I will be...