Technology Distributors

CLSA analysts Steven Fox and Elizabeth Barnum reiterated their Buy rating and $36 price target for shares of Avnet, Inc. (NYSE: AVT). CLSA hosted the AsiaUSA Forum in San Francisco, which Avnet's CEO Roy Vallee and Vince Keenan, VP of IR, attended. The CLSA analysts said of the meetings, "our sense...

• Qualcomm (NASDAQ:QCOM) raised its dividend 12% to 19 cents and announced plans to buy back $3 billion in shares • Fresh Del Monte Produce (NYSE:FDP) beat estimates with fourth quarter earnings of 36 cents a share, two cents above projections, on $872.1 million in revenues, which beat expectations...

Cooper Tire & Rubber Company (NYSE: CTB) reported today a fourth-quarter earnings of $39 million, or $0.63 per share,as compared to a loss of $143.5 million, or $2.55 per share, in the year-ago period. Sales rose to $773 million from $636 million for the same quarter last year. CTB increased 2....

US wholesale inventories unexpectedly fell 0.8% to $383.57 billion in December, prompting analysts to suggest higher-than-expected growth in the economy in the fourth quarter. Wall Street was expecting an increase in December wholesale inventories by 0.5%. The revised November wholesale inventories...

Talking with CNBC, Lori Calvasina shared her outlook about the market. According to her, small caps are getting increasingly expensive but still have potential left in them. She said that generally, small caps outperform large caps during and after the recovery phase. She is bullish about the...

Jones Lang LaSalle Incorporated (JLL), a leading full-service real estate firm that provides corporate, financial, and investment management services, reported fourth quarter 2009 net income of $52.0 million or $1.19 per share compared to $41.2 million or $1.17 in the year-earlier quarter....

With the major indices trading higher Monday, there were many stocks which broke out to the upside on BIG volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should skip ahead to...

Analysts at Credit Suisse downgrade Anixter International (NYSE: AXE) from "neutral" to "underperform," while reducing the estimates for the company. The target price for AXE is set to $36. According to Credit Suisse, the downgrade in the rating is based on Anixter International's lower risk/reward...

CIGNA Corporation (NYSE: CI) declined 1.32% to $35.87 in the pre-market session after CIGNA Corporation was downgraded by Oppenheimer to Perform from Outperform and the price target set to $38. The 52-week trading range for CI is $12.68 - $39.26. CIGNA Corporation closed at $36.35 in the previous...

Analysts at Brean Murraey Carret & Co upgrade Ingram Micro Inc (NYSE: IM) to “buy,” while raising their estimates for the company. The target price for IM is set to $23. According to Brean Murray Carret & Co, Ingram Micro is likely to be able to create robust operating leverage in 2010,...

Below are the top 5 mid-cap services stocks on the NASDAQ and the NYSE in terms of cash per share. Washington Post Co (NYSE: WPO) had cash per share of $96.15 in the most recent quarter. WPO’s market capitalization is $4.2 billion. WPO has total debt of $399.22 million. More on WPO Liberty Media...

Analysts at Citigroup maintain their "buy" rating on Brightpoint Inc (NASDAQ: CELL), while reducing their estimates for the company. The target price for CELL has been reduced from $11 to $10. Brightpoint has pre-announced its Q3 non-GAAP EPS short of the consensus due to higher-than-expected...

• Kraft (NYSE:KFT) announced plans to utilize proceeds from the sale of its Canadian frozen food operations to Nestle for $3.75 billion cash, raising the cash portion of its hostile bid for Cadbury (NYSE:CBY) by 97 cents per share. Cadbury maintained the offer remains derisory • Brightpoint (NASDAQ...

Saia Inc (NASDAQ: SAIA) shares have plummeted 10.31% to $13.05. SAIA has projected a wider-than-anticipated loss in 4Q on account of tough pricing competition and low volumes. Saia’s shares had closed at $14.55. Electronics for Imaging Inc (NASDAQ: EFII) shares slipped 9.92% to $11.17 after the...

Analyst Shaw Wu of Kaufman Brothers maintained his "buy" rating on Synnex Corp (NYSE: SNX). The target price for SNX is set to $34. Synnex has announced its intention to acquire Jack of All Games, the video game distribution subsidiary of Take-Two Interactive (TTWO), for $36.5 million in cash and $...