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Market Roundup
Thursday, July 14, 2011 - 10:50am | 209Shares of ICON plc (NASDAQ: ICLR) gained about 0.24% after the company acquired Firecrest Clinical, a market-leading provider of technology solutions that boost investigator site performance and study management. Shares of Fairchild Semiconductor International Inc (NYSE: FCS) surged about 5.5%...
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Top Narrow Based Indexes For July 14
Thursday, July 14, 2011 - 10:47am | 185By 10:45 am, the Dow Jones Industrial Average was up 49.34 points, or 0.39%, to 12,540.95, while the broader Standard & Poor's 500 index had gained 3.50 points, or 0.27%. The NASDAQ composite index rose 2.31 points, or 0.08%. Some of the narrow based indexes that are driving the markets are...
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Biggest Gainers Pre-Market Going Into the Opening Bell
Thursday, July 14, 2011 - 9:20am | 120Cypress Semiconductor (NASDAQ: CY) is trading up over 14% after Collins Stewart reiterated its Buy rating on the company. Seattle Genetics (NASDAQ: SGEN) is trading up over 13% before the stock was halted. ConocoPhillips (NYSE: COP) is trading up over 8% after announcing plans to split into two...
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IXYS Estimates Record Revenues of Over $100M in the June Quarter
Thursday, July 14, 2011 - 8:33am | 165IXYS Corporation (Nasdaq: IXYS) today announced certain preliminary estimates for the first quarter of fiscal year 2012, which ended on June 30, 2011. Net revenues for the quarter ended June 30, 2011 are expected to be in excess of $100 million. This would mark the first time in IXYS' history...
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JP Morgan More Confident in Broadcom Estimates Following Higher iPhone/iPad Forecasts
Thursday, July 14, 2011 - 8:09am | 136“The increases to iPhone and iPad shipment forecasts by J.P. Morgan's IT Hardware analyst potentially poses incremental upside to Broadcom's (NASDAQ: BRCM) connectivity revenues and adds fuel to our conviction that BRCM is facing a positive product cycle in the 2H of this year and beyond,” JP...
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UPDAT: Fairchild Semiconductor Reports Q2 Net Income of $44.9M
Thursday, July 14, 2011 - 8:09am | 78Fairchild Semiconductor International Inc (NYSE: FCS) released its results for the second quarter on Thursday. FCS reported its quarterly net income at $44.9 million, or $0.34 per share, compared to $43.8 million, or $0.34 per share, in the year-ago period. Excluding special items, the company's...
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Chipmos Announces New $292M Credit Line
Thursday, July 14, 2011 - 8:03am | 199ChipMOS TECHNOLOGIES LTD. (Nasdaq: IMOS) announced today that its majority-owned subsidiary, ChipMOS TECHNOLOGIES INC, has signed a NT$8.4 billion (approximately US$292 million) non-revolving credit line (the "Credit Facility") with a syndicate of thirteen Taiwan banks. The maximum five-year,...
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US Stock Futures Mixed; JP Morgan Results In Focus
Thursday, July 14, 2011 - 6:53am | 397US stock futures are mixed this morning, as investors are awaiting quarterly results from JP Morgan Chase & Co (NYSE: JPM). Futures on the Dow Jones Industrial Average dropped 12 points to 12,413.00 and futures on the S&P 500 stock index fell 1.40 points to 1,310.80. Nasdaq 100 futures...
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ValuEngine Initiates Coverage of APPLD Micro with Buy
Thursday, July 14, 2011 - 6:22am | 33ValuEngine initiated its coverage of APPLD Micro (NASDAQ: AMCC) with a Buy rating. On Wednesday, AMCC lost 2.13% of its value to finish the day at $8.27.
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Earnings Scheduled For July 14
Thursday, July 14, 2011 - 2:22am | 232AngioDynamics Inc (NASDAQ: ANGO) is expected to report its Q4 EPS at $0.10 on revenue of $56.96 million. Fairchild Semiconductor International Inc (NYSE: FCS) is estimated to report its Q2 earnings at $0.40 per share on revenue of $430.27 million. Nexen Inc (NYSE: NXY) is projected to report its...
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Stocks To Watch For July 14
Thursday, July 14, 2011 - 1:54am | 293Some of the stocks that may grab investor focus today are: Wall Street expects JP Morgan Chase & Co (NYSE: JPM) to report its Q2 EPS at $1.21 on revenue of $25.13 billion. JPM shares gained 0.20% to $39.70 in after-hours trading. Marriott International (NYSE: MAR) reported a 13% rise in its...
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Summer Swing 07-13-2011
Wednesday, July 13, 2011 - 6:05pm | 850Cusick's Corner The reversal in the market pulled off all gains we saw in the Midday -- told you it's an interesting week. This also highlights that tightening risk is very important going into the end of this week. I am not surprised that there was a flight for safety or aversion to adding risk...
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Dollar down, Market up 07-13-2011
Wednesday, July 13, 2011 - 3:11pm | 980Cusick's Corner Thanks Uncle Ben. The Fed chief spoke and the market interpreted his comments as well, bullish (QE3?). You got to love expiration week, the week when anything can happen. Back when I was on the trading floor, during Expiration week we wanted risk tied up by Wednesday so that if we...
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Wednesday's Put/Call Ratio Leaders
Wednesday, July 13, 2011 - 12:29pm | 77Here are today's Put/Call Ratio leaders… 1. Meritor (NASDAQ: MTOR) 3,583 puts, 60 calls 2. Taiwan Semiconductor (NYSE: TSM) 15,796 puts, 271 calls 3. Repligen (NASDAQ: RGEN) 3,000 puts, 60 calls 4. E*Trade Financial (NASDAQ: ETFC) 3,735 puts, 75 calls 5. Allscripts Healthcare Solutions (NASDAQ:...
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How To Play Bernanke's QE3
Wednesday, July 13, 2011 - 11:28am | 869Federal Reserve Chairman Ben Bernanke is speaking in front of Congress, and the prepared remarks basically said that QE3 is going to happen if the economy continues to worsen. Make no mistake readers, it does not look like the economy is going to get better anytime soon, and that a third round of...