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Benzinga's Top ETF Decliners, May 23rd (CZM, EDC, SOXL, ERX)
Monday, May 23, 2011 - 6:01pm | 197Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) traded 8.14% lower today as Baidu.com, Inc. (ADR) (NASDAQ: BIDU) fell 3.88%, and China Mobile Ltd. (ADR) (NYSE: CHL) dropped 1.90%. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) dropped 6.18%, and it closed at $34.45. This was...
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Tuesday's Stocks to Watch, May 24
Monday, May 23, 2011 - 6:00pm | 1562( click to enlarge ) CF Industries Holdings, Inc. (NYSE:CF) - Massive high volume spike today, breaking out of multi-month consolidation. Looking for $143.32 to hold. If so, the stock could make a push for $152-154 without much resistance. Technical Indicators are supporting the bulls. RSI is...
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Benzinga's Top ETF Gainers, May 23rd (CZI, TVIX, SOXS, TZA)
Monday, May 23, 2011 - 5:43pm | 173Direxion Daily China Bear 3x Shares ETF (NYSE: CZI) jumped 8.37% today, and it closed at $15.79. Baidu.com, Inc. (ADR) (NASDAQ: BIDU) is a component of the BNY China Select ADR Index, and it dropped 3.88%. VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) gained 6.61% on Monday. This was the...
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Amazon Rising On Tablet Rumors
Monday, May 23, 2011 - 12:01pm | 89Shares of Amazon (NASDAQ: AMZN) are rising off of their lows during Monday's trading session after Engadget reported that Amazon may launch a 7 inch and 10 inch Tablet device running on Android, and powered by Nvidia's (NASDAQ: NVDA) Tegra chip line. Currently, AMZN shares are down 1.78% to $195.08...
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Options Brief: RF Micro Devices, Inc.
Monday, May 23, 2011 - 11:18am | 67Shares of RF Micro Devices, Inc. (NASDAQ: RFMD) are lower on the session by 2.11%, trading at $5.80. Overall put volume is now running at 2.03x the daily average, with 8% of all puts traded being purchases on the offer. 1,525 contracts have traded on the session so far. RF Micro Devices, Inc....
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Sandisk Drops Again
Monday, May 23, 2011 - 10:23am | 167Sandisk Corp.(NASDAQ: SNDK) is a leading flash memory semiconductor stock that is coming under early selling pressure. This leading stock has been selling off on the daily chart since April 27, 2011 when the stock traded as high as $51.15 a share. This morning the stock is trading lower by $1.06 to...
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Goldman Sachs Expects Semtech to Report In Line With Expectations
Monday, May 23, 2011 - 8:31am | 72Goldman Sachs expects Semtech (NASDAQ: SMTC) to report 1QCY11 (April) results “in line with expectations, with an outlook consistent with analog peers.” “We remain Neutral on the stock - while we like Semtech's diversified end-market exposure and growth profile, we think its strong growth profile...
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Goldman Sachs Lowers Marvell PT From $20 to $18
Monday, May 23, 2011 - 8:28am | 31Goldman Sachs is lowering its PT on shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) from $20 to $18. Marvell Technology Group closed Friday at $14.34.
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Benzinga's Top Pre-Market NASDAQ Losers
Monday, May 23, 2011 - 8:24am | 117Apollo Investment Corporation (NASDAQ: AINV) dipped 3.93% to $10.75 in the pre-market session. AINV's PEG ratio is 2.07. LM Ericsson Telephone Company (NASDAQ: ERIC) fell 3.85% to $14.47 in the pre-market session. Analysts at Bank of America Merrill Lynch downgraded ERIC from “neutral” to “...
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Benzinga's Top Downgrades
Monday, May 23, 2011 - 8:23am | 139Analysts at Bank of America Merrill Lynch downgraded LM Ericsson Telephone Company (NASDAQ: ERIC) from “neutral” to “underperform.” ERIC's shares closed at $15.05 on Friday. Ericsson's PEG ratio is 1.72. Goldman Sachs downgraded Buckle Inc (NYSE: BKE) from “neutral” to “sell.” BKE's shares closed...
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US Antitrust Review Ends For Texas Instruments Acquisition Of National Semiconductor
Monday, May 23, 2011 - 8:06am | 99Texas Instruments Incorporated (NYSE: TXN) and National Semiconductor (NYSE: NSM) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to TI's proposed acquisition of National Semiconductor has expired without a request for additional...
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Fairchild Semiconductor Reduces Debt and Refinances Term Loan, Entered Into A New $400M Revolving Credit Facili
Monday, May 23, 2011 - 8:05am | 185Fairchild Semiconductor (NYSE: FCS), a leading global supplier of high performance power and mobile products, announced today that it has entered into a new $400 million revolving credit facility which replaces its existing revolver and term loan. Fairchild will use the proceeds from the...
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UPDATE: Goldman Sachs Color on Maxim Target Increase
Monday, May 23, 2011 - 8:03am | 123Goldman Sachs, which raised its PT on shares of Maxim Integrated Products Inc. (NASDAQ: MXIM), is providing some color on the stock. “Maxim did a better job at controlling costs and integrating its acquisitions than we had expected, with our CY11 and CY12 EPS estimates up about 15% and 10%,...
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UPDATE: Goldman Sachs Downgrades ON Semiconductor to Neutral
Monday, May 23, 2011 - 8:02am | 160Goldman Sachs is out with its report today on ON Semiconductor (NASDAQ: ONNN), downgrading ONNN from Buy to Neutral. In a note to clients, Goldman Sachs writes, "We are downgrading ON Semi to Neutral from Buy as we believe ON's earnings drivers are now better understood by the market and reflected...
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Jefferies Removes NR Designation from LSI, Applies Neutral Rating
Monday, May 23, 2011 - 7:35am | 119Jefferies has removed its NR designation from LSI Corporation (NYSE: LSI) and now has a Neutral rating “post the completion of the storage systems divestiture to NetApp, Inc. (NASDAQ: NTAP) (closed on May 9 for $480 mn).” “Recall that systems sales were $705 mn in 2010, and LSI expects to reduce...