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Benzinga's Volume Movers
Tuesday, June 28, 2011 - 10:39am | 172Copart Inc (NASDAQ: CPRT) shares surged 1.41% to $46.07 at 10:38 am. The volume of CPRT shares traded was 1210% higher than normal. CPRT's trailing-twelve-month operating margin is 30.74%. Standard Microsystems Corporation (NASDAQ: SMSC) shares moved up 6.04% to $25.46. The volume of SMSC shares...
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Alcatel-Lucent Selects NetLogic Microsystems Advanced IPv6 Knowledge-Based Processors for Multi-Terabit IP Service Routers
Tuesday, June 28, 2011 - 10:16am | 212NetLogic Microsystems (NASDAQ: NETL) today announced Alcatel-Lucent has selected its best-in-class NL10k knowledge-based processor optimized for IPv6 processing for Alcatel-Lucent's multi-terabit IP Service Router portfolio. The Alcatel-Lucent 7750 Service Router and 7450 Ethernet Service Switch...
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Raymond James Upgrades International Rectifier To Strong Buy, $41 PT
Tuesday, June 28, 2011 - 8:57am | 27Raymond James has upgraded International Rectifier (NYSE: IRF) from Outperform to Strong Buy and has established a $41 price target.
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Benzingas Top Pre-Market NASDAQ Gainers
Tuesday, June 28, 2011 - 8:18am | 126Westport Innovations Inc (NASDAQ: WPRT) shares advanced 6.23% to $22.85 in the pre-market session. WPRT signed an agreement with General Motors (NYSE: GM) to help develop advanced natural gas engine technology. SIGA Technologies Inc (NASDAQ: SIGA) shares advanced 5.34% to $11.45 in the pre-market...
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Benzingas Top Pre-Market NASDAQ Losers
Tuesday, June 28, 2011 - 8:11am | 111Swisher Hygiene Inc (NASDAQ: SWSH) dipped 4.90% to $5.24 in the pre-market session. SWSH acquired Prinova Co Inc. Icagen Inc (NASDAQ: ICGN) dropped 1.90% to $6.21 in the pre-market trading. Pfizer Inc (NYSE: PFE) reported that it is considering a strategic transaction with Icagen. ASML Holding...
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Sectors to Watch 06-27-2011
Monday, June 27, 2011 - 8:13pm | 907Cusick's Corner While the market held onto the midday gains, the volume was light and the Greek austerity vote is still a headline risk in the market during this pre-vacation week. So while we watch the potential headlines overseas, do not lose sight of other barometers, .i.e. the offensive...
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Standard Microsystems
Monday, June 27, 2011 - 6:45pm | 32Standard Microsystems (SMSC), a chip designer, said Q1 EPS grew 42% to 47 cents, beating by 18 cents. Revenue rose 11% to $103.5 mil, above estimates. It guided Q2 EPS generally down, but revenue up. It rose 1.6%.
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KeyBanc Capital Markets Initiates Acuity Brands, Cree, Echelon, EnerNOC, ESCO, Itron, Elster Coverage
Monday, June 27, 2011 - 4:51pm | 158KeyBanc Capital Markets initiated coverage on the below companies in a research report published today. KeyBanc Capital Markets initiated coverage on Acuity Brands (NYSE: AYI) with a Hold rating. KeyBanc Capital Markets initiated coverage on Cree (NASDAQ: CREE) with a Buy rating. KeyBanc Capital...
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Standard Microsystems Beats Q1 EPS Estimates By $0.18
Monday, June 27, 2011 - 4:22pm | 217Shares of Standard Microsystems Corporation (NASDAQ: SMSC) are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently, shares are higher by 0.79%, at $24.20; they closed the regular session higher by 2.48%, at $24.01. Standard Microsystems...
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Window Dressing 06-27-2011
Monday, June 27, 2011 - 3:25pm | 1003Cusick's Corner Window dressing -- the grind to the upside could be a combination of some end of the quarter window dressing with a twist of shorts being squeezed. The market has again held critical support, 1256 on the S&Ps, and found legs to bounce, plus Tech is leading again. Now I take...
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Mondays Put/Call Ratio Leaders
Monday, June 27, 2011 - 12:14pm | 79Here are today's Put/Call Ratio leaders… 1. Solarwinds Inc. (NYSE: SWI) 5,001 puts, 16 calls 2. Reynolds American Inc. (NYSE: RAI) 5,044 puts, 51 calls 3. NetLogic Microsystems Inc. (NASDAQ: NETL) 13,928 puts, 539 calls 4. Time Warner (NYSE: TWX) 4,895 puts, 237 calls 5. PulteGroup Inc. (NYSE: PHM...
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ARM Holdings Up On Barrons Mention
Monday, June 27, 2011 - 12:01pm | 181ARM Holdings plc (NASDAQ: ARMH) shares are higher this morning after the company was mentioned positively in Barron's this weekend. Barron's interviewed Bob Turner of Turner Investments and discussed the smart-phone trade, of which ARM Holdings is a major beneficiary. Regarding ARM, Turner in...
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Options Brief: NetLogic Microsystems, Inc.
Monday, June 27, 2011 - 10:49am | 95Shares of NetLogic Microsystems, Inc. (NASDAQ: NETL) are higher on the session by 0.05%, trading at $39.05. Overall put volume is now running at 3.86x the daily average, with 57% of all puts traded being purchases on the offer. 10,065 contracts have traded on the session so far. NetLogic...
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LDK Solar Jump 8% On Share Buyback Program
Monday, June 27, 2011 - 9:57am | 65Shares of LDK Solar Co Ltd (NYSE: LDK) jumped about 8% after the company announced its plans to buyback up to $110 million of its American Depositary Shares (ADSs) in the open market or through privately negotiated transactions. LDK shares surged 8.08% to $7.36 at 9:55 am. Read more from Benzinga...
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Market Update
Monday, June 27, 2011 - 9:35am | 202Shares of HSBC Holdings PLC (NYSE: HBC) dropped about 0.3% after the company announced its plans to merge its Saudi Arabian wholesale and investment banking unit with SABB Securities Ltd. SABB will have a 51% stake of the new entity, to be known as HSBC Saudi Arabia Ltd. HSBC expects the merger to...