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Rally Broad-Based 07-21-2001
Thursday, July 21, 2011 - 3:48pm | 971Cusick's Corner Stocks are up on earnings and Europe appears closer to a Greek bailout plan. This rally is broad-based; all sectors are in the green with Financials, XLF, and Energy, XLE, leading the pack. See you After Hours. Stocks are broadly higher with help from earnings and diminishing...
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Puts Purchased on Silicon Laboratories
Thursday, July 21, 2011 - 3:41pm | 127Shares of Silicon Laboratories (NASDAQ: SLAB) are higher on the session by 0.62%, currently trading at $40.78. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short...
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Thursday's Mid-Day Options Volume Leaders
Thursday, July 21, 2011 - 1:06pm | 83Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 354,821 contracts, 82.2% calls, 17.8% puts 2. Apple Inc. (NASDAQ: AAPL) 188,164 contracts, 63.0% calls, 37.0% puts 3. Intel Corp. (NASDAQ: INTC) 147,503 contracts, 67.3% calls, 32.7% puts 4. Microsoft Corp. (NASDAQ:...
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Deutsche Bank Comments on Xilinx
Thursday, July 21, 2011 - 10:27am | 153Deutsche Bank has published a report on Xilinx (NASDAQ: XLNX) after F1Q results. In the report, Deutsche Bank wrote, "XLNX reported F1Q sales of $616m (+5% q/q), above guidance (flat to +4%) and well above DBe ($603m, +3%) and Street ($600m, +2%). Growth was driven by Industrial, Data Processing...
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Calls Purchased on MIPS Technologies
Thursday, July 21, 2011 - 10:25am | 112Shares of MIPS Technologies (NASDAQ: MIPS) are higher on the session by 8.61%, currently trading at $7.44. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while...
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Bank of America Reiterates Neutral and PT of $26 on Intel
Thursday, July 21, 2011 - 9:31am | 47Bank of America reiterated its Neutral rating on Intel (NASDAQ: INTC). At the same time, the rating agency left its price target on the company's stock unchanged at $26. In today's trading, INTC lost 2.74% of its value to trade around $22.36.
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Lazard Capital Reiterates Neutral on Intel
Thursday, July 21, 2011 - 9:17am | 51Lazard Capital reiterated its Neutral rating on Intel (NASDAQ: INTC). At the moment, the rating agency does not have a price target placed on the company's stock. On Wednesday, INTC closed the day at $22.99. Its shares lost 2.35% of their value to stand around $22.45.
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Oppenheimer Maintains Perform on Intel
Thursday, July 21, 2011 - 9:15am | 157Oppenheimer is out with its report today on Intel (NASDAQ: INTC), maintaining Perform. In a note to clients, Oppenheimer writes, "INTC reported solid 2Q revenues/EPS of $13.03B (+1% Q/Q)/$0.54 (tax-aided) vs. consensus $12.83B/$0.51. Results were again driven by Sandy Bridge and emerging market...
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Goldman Sachs Provides Color on Technology
Thursday, July 21, 2011 - 9:02am | 102Goldman Sachs provided color on the technology sector. In a research report published today, Goldman commented on the impact of Intel's (NASDAQ: INTC) slithly better than expected Q2 results on the PC sales. In the report, Goldman states, “Intel's reduction to its 2011 PC unit forecast to +8%-10%...
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Wedbush Raises INTC PT to $26
Thursday, July 21, 2011 - 8:52am | 72Wedbush has issued a report raising the Price Target on Intel (NASDAQ: INTC) from $25 to $26 a share. According to the report, "We maintain our near-term cautious view on the semiconductor group as we think choppy demand trends and the uncertain macro outlook will likely pressure the sector,...
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Sidoti Adds ROLL, VLTR To Focus List
Thursday, July 21, 2011 - 8:41am | 38Sidoti has added the following companies to its Focus List: RBC Bearings (NASDAQ: ROLL) Buy, $48 PT Volterra Semiconductor (NASDAQ: VLTR) Buy, $40 PT
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Pre Market Movers July 21
Thursday, July 21, 2011 - 8:41am | 305Intel (INTC) Intel downgraded to Reduce from Neutral at Nomura After beating, filling in the pre market to the upside. Morgan Stanley (MS) Trending nicly pre market after Q2 beat with price probing downward sloping 50d moving averages @ 22.90/23.00; MS @ 23.00 Travelzoo Inc. (TZOO) Travelzoo...
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Benzinga's Top Downgrades
Thursday, July 21, 2011 - 8:15am | 123Analysts at Benchmark Company downgraded Saba Software Inc (NASDAQ: SABA) from “buy” to “hold.” SABA's stock closed at $9.42 yesterday. SABA's trailing-twelve-month ROE is -3.35%. Analysts at Ticonderoga downgraded AMR Corporation (NYSE: AMR) from “neutral” to “sell.” AMR's shares closed at $4.92...
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Jefferies Has Hold On Intel
Thursday, July 21, 2011 - 8:11am | 120Jefferies & Co. is out with a research report on Intel (NASDAQ: INTC) after it reported earnings. It has a Hold rating and a $25 price target on shares. In a note to clients, Jefferies & Co. writes, "A $0.03 EPS beat driven by taxes and higher non-microprocessor (MPU) revenues leads us to...
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Cypress Teams with NVIDIA to Offer Powerful Touchscreen Designs For High-Performance Tablets
Thursday, July 21, 2011 - 8:10am | 230Cypress Semiconductor Corp. (NASDAQ: CY) today announced that it is working with NVIDIA to develop touchscreen implementations for upcoming Android-based tablets. The designs are based on Cypress's single-chip TrueTouch® solution for large touchscreens up to 11.6 inches and the NVIDIA® Tegra™...