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Micron Technology Crushed After Earnings; Down 12%
Thursday, June 23, 2011 - 4:49pm | 98Micron Technology (NYSE: MU) released its fiscal third quarter earnings results after the closing bell on Thursday. The company reported net income attributable to the company fell to $75 million or $0.07 per share, compared to $939 million or $0.92 per share, in the year ago quarter. This missed...
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Micron Technology Tanks Following Q3 Results
Thursday, June 23, 2011 - 4:44pm | 176Shares of Micron Technology (NASDAQ: MU) are moving lower in the after-hours trade following the release of its Q3 earnings results. Currently, shares are lower by 9.85%, at $7.60; they closed the regular session higher by 3.18%, at $8.43. Micron Technology said that Q3 EPS came in at $0.07 on...
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Micron Technology Earnings Preview
Thursday, June 23, 2011 - 3:24pm | 144Micron Technology (NYSE: MU) is set to release its quarterly earnings results after the close of trading on Thursday. Ahead of this report, MU shares are trading up 2.45% to $8.37. Wall Street analysts have consensus earnings estimates for the semiconductor company of $0.16 per share. This compares...
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Critical Levels Broken 06-23-2011
Thursday, June 23, 2011 - 2:44pm | 1052Cusick's Corner Critical levels were broken in both equities and commodities and the Dollar currently is the trade. I did cover my short deltas this morning and am sitting flat but want to see if the Midday lows entice the Bid, seeing a little action in select names. In bond trading -- yields...
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CREE Shows Strength In Stock Market Selling
Thursday, June 23, 2011 - 1:29pm | 169In the last two days Cree, Inc. (NASDAQ: CREE) has shown major upside potential. Yesterday, the stock was crushed in the first twenty minutes of the trading day, hitting a low of $32.55. From that point on, it ran higher, closing flat on the day. This was unique and showed strength because late...
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Maxim Group Initiates Coverage On FSLR, STRI, STP, TSL, YGE
Thursday, June 23, 2011 - 8:09am | 82Maxim Group has initiated coverage on the following Solar Power companies: First Solar (NASDAQ: FSLR) Sell, $85 PT STR Holdings (NYSE: STRI) Buy, $22 PT Suntech Power (NYSE: STP) Sell, $4 PT Trina Solar (NYSE: TSL) Buy, $26 PT Yingli Green Energy (NYSE: YGE) Hold, $8 PT
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FBR Maintains Market Perform Rating On Silicon Laboratories After Mixed Results
Thursday, June 23, 2011 - 7:44am | 181FBR Capital Markets has published a research report on Silicon Laboratories (NASDAQ: SLAB) stating that recent checks on the company have yielded mixed results. In the report, FBR writes, "For 3Q11, revenues could be guided to $133M–$139M or to $135M–$140M, depending upon order trends and macro...
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FBR Raises PT On LSI Corporation To $9
Thursday, June 23, 2011 - 7:40am | 127FBR Capital Markets has published a research report on LSI Corporation (NYSE: LSI) after the company reported decent 2Q earnings. In the report, FBR writes, "For 2Q11, we think LSI's revenues are tracking in the upper half of guidance of $465M–$495M (–2% to +5% QOQ), about consistent with the...
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Bank of America Downgrades Taiwan Semiconductor To Underperform
Thursday, June 23, 2011 - 7:19am | 21Bank of America has downgraded Taiwan Semiconductor (NYSE: TSM) from Neutral to Underperform.
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ST-Ericsson Announces New Cost Savings Plan
Thursday, June 23, 2011 - 6:54am | 256-- Plan Aimed to Achieve $120 Million of Annualized Savings by End of 2012 -- Includes Global Workforce Review That May Affect up to 500 Employees Worldwide -- Company Also Pushes out Target for Break-Even Based on Current Visibility ST-Ericsson, a joint venture of STMicroelectronics (NYSE: STM...
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US Stock Futures Down After Fed Outlook; Jobless Claims Data In Focus
Thursday, June 23, 2011 - 6:14am | 566US stock futures are lower this morning, after the Federal Reserve lowered its outlook for US economic growth. Futures on the Dow Jones Industrial Average dipped 45 points to 11,978.00 and futures on the S&P 500 stock index fell 6.10 points to 1,273.70. Nasdaq 100 futures dropped 8.50 points to...
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Earnings Scheduled For June 23
Thursday, June 23, 2011 - 12:23am | 258Discover Financial Services (NYSE: DFS) is projected to post its Q2 EPS at $0.70 on revenue of $1.70 billion. H&R Block Inc (NYSE: HRB) is expected to report its Q4 earnings at $2.15 per share on revenue of $2.32 billion. Oracle Corp (NASDAQ: ORCL) is estimated to post its Q4 earnings at $0...
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Stocks To Watch For June 23
Thursday, June 23, 2011 - 12:15am | 278Some of the stocks that may grab investor focus today are: Wall Street expects Micron Technology Inc (NASDAQ: MU) to report its Q3 earnings at $0.16 per share on revenue of $2.37 billion. MU shares dropped 0.24% to $8.15 in after-hours trading. Bed Bath & Beyond Inc (NASDAQ: BBBY) reported an...
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Microsoft - The Stock It Seems Everyone Loves to Hate
Wednesday, June 22, 2011 - 10:22pm | 940Back in the Halycon days of the tech bubble there were 4 Wall Street darlings that made investors a fortune. In the beginning there was Dell (NASDAQ: DELL), Cisco (NASDAQ: CSCO), Intel (NASDAQ: INTC) and Microsoft (NASDAQ: MSFT) who were commonly referred to as the “Four Horsemen”. Everyone used...
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Uninspired 06-22-2011
Wednesday, June 22, 2011 - 6:56pm | 871Cusick's Corner Uninspired - that's the type of action that we saw slipping into the evening. The Fed Chief spoke and the market held then pulled off in the last hour. This also coincided with the strength in the Dollar, DXU11 75.25, bouncing off the 21-Day Moving Average and the highest volume...