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LDK Solar Trading over 6% Higher After Buyback Announcement
Monday, June 27, 2011 - 9:32am | 52LDK Solar Co Ltd (NYSE: LDK) announced its plans to buyback up to $110 million of its American Depositary Shares (ADSs) in the open market or through privately negotiated transactions. Read more here.
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Benzingas Top Pre-Market NASDAQ Losers
Monday, June 27, 2011 - 8:24am | 148Pain Therapeutics (NASDAQ: PTIE) dipped 23.96% to $4.03 in the pre-market session. Pfizer (NYSE: PFE) and PTIE received a Complete Response Letter from the US Food and Drug Administration (FDA) on the resubmission to the new drug application (NDA) for REMOXY. Fundtech Ltd (NASDAQ: FNDT) dropped 0...
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J.P. Morgan Discusses Semiconductors
Monday, June 27, 2011 - 7:35am | 181J.P. Morgan Chase & Co. is out with a research report on semiconductors. Nvidia (NASDAQ: NVDA) is mentioned in the report. In the note, J.P. Morgan writes, "Wolfson Micro (covered by Robert Owens) released a trading update this morning. Revenues for Q2 are now expected to be in the range $37m...
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LDK Solar Announces Shares Buyback Program
Monday, June 27, 2011 - 4:32am | 119LDK Solar Co Ltd (NYSE: LDK) announced its plans to buyback up to $110 million of its American Depositary Shares (ADSs) in the open market or through privately negotiated transactions. Mr. Xiaofeng Peng, Chairman and CEO of LDK Solar, commented, "We remain confident in our current outlook as well...
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Earnings Scheduled For June 27
Monday, June 27, 2011 - 12:09am | 76Nike Inc (NYSE: NKE) is projected to report its FQ4 EPS at $1.16 on revenue of $5.54 billion. Park Electrochemical Corporation (NYSE: PKE) is estimated to post its Q1 earnings at $0.41 per share on revenue of $52.11 million. Standard Microsystems Corporation (NASDAQ: SMSC) is expected to post its...
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Stocks To Watch For June 27
Monday, June 27, 2011 - 12:04am | 188Some of the stocks that may grab investor focus today are: Wall Street expects Nike Inc (NYSE: NKE) to report its FQ4 EPS at $1.16 on revenue of $5.54 billion. Nike shares fell 1.23% to close at $81.18 on Friday. Analysts are expecting Park Electrochemical Corporation (NYSE: PKE) to have earned $...
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MomentumOptionsTrading.com Weekly Wrap for 6/26/11
Sunday, June 26, 2011 - 11:36pm | 5011:15pm (EST) 1. Market Summary 2. Ceradyne (CDRN) Showing Mixed Signals 3. Rambus (RMBS) – Guilty or Not 4. Earnings 5. Weekly Wrap Portfolio Update 6. Week Ahead (To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section...
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Benzinga's Top ETF Decliners, June 24th (SOXL, AGQ, ERX, TQQQ)
Friday, June 24, 2011 - 8:00pm | 172Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded 7.15% lower on Friday on the weakness in the semiconductor space. Cisco Systems, Inc. (NASDAQ: CSCO) dropped 3.49%, and closed at $14.93. ProShares Ultra Silver (ETF) (NYSE: AGQ) traded lower today for the third consecutive trading...
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Take the Market's Pulse Using the 200-Day
Friday, June 24, 2011 - 7:09pm | 903Cusick's Corner Over the weekend take a look at the benchmarks and your individual holdings to establish a sense of support. For example, consider looking at the S&P 500 September Future to help understand the general pulse. The S&P is 5 points before getting to the 200-Day Moving Average...
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Gold Bugs Get Bit 06-24-2011
Friday, June 24, 2011 - 3:14pm | 994Cusick's Corner EU debit crises and austerity measures are the headline risks this market seems to be focused on, what has caught my eye is Gold, GCN11, which is just getting pounded. With the Gold futures right at the $1500 level, I will be watching whether or not the bid comes in and starts to...
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Micron Trading Near Lows Of The Session; Down 13%
Friday, June 24, 2011 - 2:42pm | 163Nothing has gone right for Micron Technology (NYSE: MU) shareholders over the last few months. The stock has now lost 36% over that time period, including a massive 13% drop on Friday after the company's third quarter earnings results. The company posted EPS of $0.07, which compared to Wall Street...
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Options Brief: RF Micro Devices, Inc.
Friday, June 24, 2011 - 10:10am | 67Shares of RF Micro Devices, Inc. (NASDAQ: RFMD) are lower on the session by 0.34%, trading at $5.95. Overall call volume is now running at 2.53x the daily average, with 0% of all calls traded being purchases on the offer. 1,330 contracts have traded on the session so far. RF Micro Devices, Inc....
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Micron Tech Trading Over 9% Lower after Quarterly Results Yesterday
Friday, June 24, 2011 - 9:39am | 84Shares of Micron Technology Inc (NASDAQ: MU) dipped more than 11% in pre-market trading after the company reported downbeat quarterly earnings and revenue. MU reported its FQ3 profit at $75 million, or $0.07 per share, compared with $939 million, or $1.06 per share, in the year-ago period. Its...
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News Summary
Friday, June 24, 2011 - 9:37am | 266Shares of Finish Line Inc (NASDAQ: FINL) fell about 0.7% after the company reported a 20% rise in its FQ1 earnings. The company's earnings came in at $16.4 million, or $0.30 per share, up from $13.6 million, or $0.25 per share, in the year-earlier period. Its revenue climbed 6% to $299 million from...
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Morgan Stanley Reiterates Overweight on Micron Technology, Reduces PT to $12
Friday, June 24, 2011 - 9:25am | 54Morgan Stanley reiterated its Overweight rating on Micron Technology (NASDAQ: MU). At the same time, however, Morgan Stanley reduced its price target on the company's stock from $13 to $12. On Thursday, Micron finished the day at $8.43. Its shares tumbled 8.42% in today's pre-market trading,...