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Piper Jaffray Decreases PT And EPS Estimates Of POWI
Wednesday, August 3, 2011 - 7:45am | 56According to Piper Jaffray, Power Integrations (NASDAQ: POWI), EPS estimates and PT have been decreased. Piper Jaffray announced a decrease in EPS estimates from $2.00 to $1.65 for FY11 and from $2.50 to $2.00 for FY12. PT was decreased from $50 to $40 and rating is being maintained as Overweight...
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UPDATE: Piper Jaffray Raises PT on Monolithic Power to $23
Wednesday, August 3, 2011 - 7:20am | 60Piper Jaffray is out with its report today on Monolithic Power (NASDAQ: MPWR), raising its PT from $22.50 to $23. In its report, Piper Jaffray writes, "Maintain Overweight. Our price target goes to $23 from $22.50 based on 18x our slightly raised CY12E EPS of $1.27." Shares of MPWR closed Tuesday...
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JP Morgan Adjusts Guidance on Cavium
Wednesday, August 3, 2011 - 7:17am | 180J.P. Morgan has published a report on Cavium Networks (NASDAQ: CAVM) resetting guidance for the third quarter. In the report, J.P. Morgan wrote, "Although the light 3Q guidance may be disappointing to some investors, we believe most of the $4M revenue shortfall is coming from the impact of an...
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Deutsche Bank Lowers PT On Cavium Networks To $40
Wednesday, August 3, 2011 - 6:48am | 27Deutsche Bank has lowered the price target on Cavium Networks (NASDAQ: CAVM) from $53 to $40 and maintains its Buy rating.
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Piper Jaffray Reiterates Underweight on Cavium Networks, Reduces PT to $28
Wednesday, August 3, 2011 - 6:21am | 60Piper Jaffray reiterated its Underweight rating on Cavium (NASDAQ: CAVM). At the same time, the rating agency reduced its price target on the company's stock from $32.50 to $28. On Tuesday, CAVM lost 5.37% of its value to finish the day at $32.06. Its shares lost 9.89% of its value in today's pre-...
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Piper Jaffray Raises PT on MPWR To $23
Wednesday, August 3, 2011 - 6:10am | 27Piper Jaffray has raised the price target on Monolithic Power (NASDAQ: MPWR) from $22.50 to $23 and maintains its Overweight rating.
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Piper Jaffray Lowers PT On Power Integrations To $40
Wednesday, August 3, 2011 - 5:53am | 27Piper Jaffray has lowered the price target on Power Integrations (NASDAQ: POWI) from $50 to $40 and maintains its Overweight rating.
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Earnings Scheduled For August 3
Wednesday, August 3, 2011 - 3:58am | 502Owens Corning Inc (NYSE: OC) is expected to report its Q2 EPS at $0.57 on revenue of $1.38 billion. Time Warner Inc (NYSE: TWX) is estimated to report its Q2 earnings at $0.56 per share on revenue of $6.81 billion. Comcast Corporation (NASDAQ: CMCSA) is projected to report its Q2 EPS at $0.41 on...
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Stocks to Watch for Wednesday 8/03/2011: Fresh 52 Week Highs and Lows
Wednesday, August 3, 2011 - 1:05am | 5002Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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Benzinga's Top ETF Decliners, August 2nd (URTY, DRN, EDC, SOXL)
Tuesday, August 2, 2011 - 8:01pm | 198ProShares UltraPro Russell2000 ETF (NYSE: URTY) fell 9.66%, and it closed at $71.06 as the Russell 2000 Index dropped 3.26%. URTY had a volume of 634K traded shares, and its average volume is 204K shares. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) fell 9.61% as First Industrial Realty...
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Benzinga's Top ETF Gainers, August 2nd (TVIX, TZA, DRV, SOXS)
Tuesday, August 2, 2011 - 7:48pm | 179VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) broke its two-day losing streak on Tuesday. It spiked 13.98%, and closed at $22.09. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) traded 9.80% higher as the Russell 2000 Index struggled. TZA closed at $41.90, and it had a volume of 22....
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Aw Snap, Is Market Gonna Crackle or Pop?
Tuesday, August 2, 2011 - 3:53pm | 1055Cusick's Corner The vote is over. The debt crisis, well at least the missed payment, has past until 2013 and the market is now focused on the data that continues to disappoint. The Spending data is flagging a less than active consumer, a potential signal of a slowing employment market, while...
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Maxim Group Maintains Trina Solar Buy, PT
Tuesday, August 2, 2011 - 3:33pm | 84Maxim Group maintained its Trina Solar (NYSE: TSL) Buy and $26 price target rating in a research report published today. In the report, Maxim Group states, "While we see the solar sector's year-to-date declines as a reflection of the harsh realities of 2Q11, we expect the stocks to be guided...
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The Strongest Down Market Stocks To Buy
Tuesday, August 2, 2011 - 1:20pm | 198As the markets hover around their lows on fears of a new global recession, certain stocks are looking more attractive than others. The markets are nearing a major break down based on the daily 200 moving average on the S&P 500. Wall Street players must be very careful when picking up anything...
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Tuesday's Mid-Day Options Volume Leaders
Tuesday, August 2, 2011 - 12:30pm | 83Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 98,351 contracts, 82.3% calls, 17.7% puts 2. Apple Inc. (NASDAQ: AAPL) 96,064 contracts, 58.7% calls, 41.3% puts 3. General Electric (NYSE: GE) 51,094 contracts, 38.5% calls, 61.5% puts 4. NVIDA Corp. (NASDAQ: NVDA) 46...