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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Fast Money Picks For July 1st (DAR, TSL, WFC, GLW)
Thursday, June 30, 2011 - 6:50pm | 205On CNBC's Fast Money, Joe Terranova said that if you are in the agriculture trade, you have to be concerned. He closed his position in Darling International Inc. (NYSE: DAR), and he has no exposure to this space. Darling International Inc. (DAR) dropped 4.32% today, and it closed at $17.70. Guy...
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Benzinga's Top ETF Decliners, June 30th (DAG, CORN, TVIX, SOXS)
Thursday, June 30, 2011 - 5:16pm | 153PowerShares DB Agriculture Double Long ETN (NYSE: DAG) lost 9.89% on Thursday on bearish USDA report for grains. DAG closed at $12.12, and it had a volume of 1.12M traded shares. Teucrium Corn Fund (NYSE: CORN) is another agriculture ETF that struggled today. Corn futures traded sharply lower...
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Benzinga's Top ETF Gainers, June 30th (AGA, SOXL, TYH, ERX)
Thursday, June 30, 2011 - 5:00pm | 183PowerShares DB Agriculture Double Short ETN (NYSE: AGA) traded 9.09% higher today on a bearish USDA report for corn and wheat. AGA closed at $19.69, and had a volume of 56K traded shares. Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) jumped 7.23%, and closed at $45.80. In the...
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UPDATE: Wall Street Strategies Lowering Price Target On Micron Technology
Thursday, June 30, 2011 - 4:31pm | 221Wall Street Strategies is lowering its price target to $12 from $13.50 on Micron Technology (NYSE: MU) following earnings. It still rates shares at Buy. In a note to clients, Wall Street Strategies writes, "For Micron's October quarter, we are forecasting revenue of $2.11B, representing a...
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Options Brief: Cavium Networks
Thursday, June 30, 2011 - 1:26pm | 77Shares of Cavium Networks (NASDAQ: CAVM) are lower on the session by 1.57%, trading at $43.27. Overall put volume is now running at 3.64x the daily average, with 6% of all puts traded being purchases on the offer. 4,570 contracts have traded on the session so far. Cavium Networks, Inc. is a...
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Thursday's Mid-Day Options Volume Leaders
Thursday, June 30, 2011 - 1:06pm | 84Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 125,541 contracts, 61.0% calls, 39.0% puts 2. Apple Inc. (NASDAQ: AAPL) 116,836 contracts, 49.0% calls, 51.0% puts 3. Ford Motor Co. (NYSE: F) 74,298 contracts, 82.9% calls, 17.1% puts 4. eBay Inc. (NASDAQ: EBAY) 71,...
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"Wintel" Winning Today
Thursday, June 30, 2011 - 12:49pm | 157Shares of Microsoft (NASDAQ: MSFT) and Intel Corporation (NASDAQ: INTC), affectionately known as "Wintel" are jumping today, with a gain of over 1% for Mr. Softie and a large move for the world's largest chip maker, up more than 3%. Shares of Microsoft have been performing well recently, and there...
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Intel Soaring
Thursday, June 30, 2011 - 12:39pm | 86Shares of Intel (NASDAQ: INTC) are going crazy on Thursday, with a gain of 3.39% to $22.11. The stock is sitting right at the highs of the day, currently. Intel has been under some pressure recently, falling from just under $24 during the middle of May, but today might be the sign of a turnaround...
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Top Performing Industries For June 30
Thursday, June 30, 2011 - 12:06pm | 169At 12:02 pm, the Dow rose 1.17% to 12,405.29, the broader Standard & Poor's 500 index moved up 1.00% to 1,320.52 and the NASDAQ composite index gained 1.23% to 1,320.52. The industries that are driving the market today are: Semiconductor - Specialized: This industry jumped 3.26% by 12:02 pm....
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UBS Initiates Silicon Laboratories Coverage
Thursday, June 30, 2011 - 12:05pm | 45UBS initiated Silicon Laboratories (NASDAQ: SLAB) coverage with a Buy rating and $48 price target in a research report published today. Shares of Silicon Laboratories were trading at $41.61 at the time of posting, up 5.29% from Wednesday's market close.
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Spreadtrum Communications Soaring Today
Thursday, June 30, 2011 - 11:27am | 98Spreadtrum Communications, Inc (NASDAQ: SPRD) shares are soaring today, gaining more than 13% after Muddy Waters and its co-founder, Carson Block, backed off the claim that the company is a fraud. Yesterday, the company said that the concerns Muddy Waters had over rising inventories were because...
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Evercore Partners Initiates Coverage of Monolithic Power Systems with Equal-weight and PT of $16
Thursday, June 30, 2011 - 9:35am | 39Evercore Partners initiated its coverage of Monolithic Power Systems (NASDAQ: MPWR) with an Equal-weight rating and a price target of $16. In today's trading Monolithic lost 0.07% of its value to trade around $15.13.
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Evercore Initiates Monolithic Power Systems At Equal-weight, $16 PT
Thursday, June 30, 2011 - 7:38am | 26Evercore Partners has initiated coverage on Monolithic Power Systems (NASDAQ: MPWR) with an Equal-weight rating and $16 price target.
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Evercore Initiates NVIDIA At Underweight, $12 PT
Thursday, June 30, 2011 - 7:36am | 21Evercore Partners has initiated NVIDIA (NASDAQ: NVDA) at Underweight with a $12 price target.