During the call, SNDK's COO says the smartphone is the largest growth driver for the company. The rapid growth of the smartphone has led to large total unit growth and additionally memory capacity. The co notes tablet computing as another strong driver for flash memory. SSD is an emerging mkt as well with instant-on as a key quality... 49% of SNDK's revenue is from products sold in the mobile mkt... The company is seeing middle…
Continue
Added by ken flagg on November 30, 2010 at 10:04pm —
No Comments
During the call, SNDK's COO says the smartphone is the largest growth driver for the company. The rapid growth of the smartphone has led to large total unit growth and additionally memory capacity. The co notes tablet computing as another strong driver for flash memory. SSD is an emerging mkt as well with instant-on as a key quality... 49% of SNDK's revenue is from products sold in the mobile mkt... The company is seeing middle…
Continue
Added by ken flagg on November 30, 2010 at 10:04pm —
No Comments
SMF Notes Google: Color on stock action (563.30 -18.81)
Tuesday, November 30, 2010 12:14 PM…
Continue
Added by ken flagg on November 30, 2010 at 10:00pm —
No Comments
Biggest point gainers: BEZ (63.24 +18.13), CVOL (105.00 +4.10), CMG (260.97 +3.96), RVR (21.86 +3.10), RBC (61.33 +3.05), RIMM (61.82 +2.83), ISRL (60.32 +2.77), AOS (39.12 +2.05), DECK (75.00 +1.97), HTWR (92.97 +1.80), WLL (111.10 +1.75), HDB (178.09 +1.72), CALL (26.00 +1.71), BH (391.33 +1.56), NFLX (200.46 +1.54), CDTI (17.50 +1.50), CVCO (35.95 +1.42), AEM (79.75 +1.37), GLTR (82.96 +1.33), TZOO (40.16 +1.17), SHLD (66.60…
Continue
Added by ken flagg on November 30, 2010 at 1:14pm —
No Comments
Caris believes that Google presents a compelling risk-reward profile at current levels. Firm says paid search trends are getting healthier, especially in the retail, travel, auto, and CE verticals, and Google Instant is delivering higher CTR and CPC. As far as non-core search is concerned, the business is now material enough to move the needle, especially YouTube, display, and mobile Internet advertising (a growing installed base…
Continue
Added by ken flagg on November 30, 2010 at 1:12pm —
No Comments
The major European indices have moved off their worst levels, but still trade lower on the session as debt fears remain front and center. Selling of sovereign debt continues to produce higher yields for some of the more troubled countries ( Portugal , Spain , Italy ), and weakness is weighing on the euro. Financial shares across Europe are once again under pressure. Looking at the currencies...the euro is weaker to 1.2980 while…
Continue
Added by ken flagg on November 30, 2010 at 1:10pm —
No Comments
Stiff selling has stock futures down sharply, such that the major equity averages look like they will return to the lows of the prior session. The negative tone comes mostly as a consequence of ongoing concerns about the state of finances and health of sovereign debt among countries in the eurozone periphery. That concern has also stirred selling in the euro and buying in the dollar, which is up 0.6% to trade at its best level…
Continue
Added by ken flagg on November 30, 2010 at 1:08pm —
No Comments
Wedbush says prostate cancer is the most commonly diagnosed cancer in men. Depending on the state of the disease being local or metastatic, hormone sensitive or castration resistant, asymptomatic or symptomatic, a variety of agents are in use or being developed for the various stages of the disease. Firm says Dendreon (DNDN) and Medivation (MDVN) bring important advancement and options to the treatment of prostate cancer.…
Continue
Added by ken flagg on November 30, 2010 at 1:07pm —
No Comments
Contagion concerns continue to drive selling, such that futures for the S&P 500 have tested the 1175 line, which is on level with the low of the prior session. Europe 's major bourses are down with varied losses, though the euro has fallen 1.1% against the dollar as yield spreads widen among the debt issues of countries in the eurozone periphery. Germany 's DAX is currently down 0.2%. BMW and Volkswagen have provided the…
Continue
Added by ken flagg on November 30, 2010 at 1:03pm —
No Comments
Asian markets closed mostly lower on European debt fears, and the possibility that a rate hike in China could slow the region's growth. China 's State Council announced it would announce new measures to control price speculation, leading many to believe an interest rate hike may soon be in the cards. The Shanghai Composite ended trading at a seven-week low. India announced Q2 GDP registered 8.9%, better than the year ago 8.7%.…
Continue
Added by ken flagg on November 30, 2010 at 1:00pm —
No Comments
Asian markets closed mostly lower on European debt fears, and the possibility that a rate hike in China could slow the region's growth. China 's State Council announced it would announce new measures to control price speculation, leading many to believe an interest rate hike may soon be in the cards. The Shanghai Composite ended trading at a seven-week low. India announced Q2 GDP registered 8.9%, better than the year ago 8.7%.…
Continue
Added by ken flagg on November 30, 2010 at 11:47am —
No Comments
Following a strong final reading in the University of Michigan Consumer Sentiment Index , where the November figure reached a five-month high, the Conference Board's Consumer Confidence Survey is also expected to show significant improvement in consumer attitudes about the economy. The Briefing.com consensus calls for the Confidence Index to increase from 50.2 in October to 52.0 in November. The gains in the Consumer Sentiment…
Continue
Added by ken flagg on November 30, 2010 at 11:45am —
No Comments
U.S. futures are hovering around morning lows, down after Asian stocks sold off and as European debt worries remain rampant. S&P futures are -5 vs. fair value and DJ futures are -40. The early losses follow a sharp rebound in yesterday's session, which left the major averages with a -0.1% to -0.4% close, after dropping as much as ~1.5% at yesterday's open. A downtick in the dollar helped energy and materials stocks rebound,…
Continue
Added by ken flagg on November 30, 2010 at 11:40am —
No Comments
Upgrades:
* Integrated Silicon (ISSI 7.57) resumed with a Buy from Hold Auriga U.S.A; tgt $9 saying the co has reduced its commodity memory exposure and is focused on driving differentiation through providing specialty products to thousands of…
Continue
Added by ken flagg on November 30, 2010 at 11:32am —
No Comments
Monday, November 29, 2010 4:32 PM
Seagate Technology Terminates Private Equity Discussions and Announces Share Repurchase Authorization; Announces $2 bln share repruchase;…
Continue
Added by ken flagg on November 29, 2010 at 6:44pm —
No Comments
Actively Traded Leading Global, Regional, & Domestic Sector & Commodity ETFs:
CBOE VIX- VXX +3.0%, VXZ +1.5%, cotton- BAL +1.75%, Vietnam- VNM +1.5%, Thailand- THD +1.25%, commercial banks- KBE +1.0%, US Dollar- UUP +0.75%, WTI crude oil- USO +1.0%, OIL +1.0%, regional banks- KRE +0.75%, RBOB gasoline- UGA…
Continue
Added by ken flagg on November 29, 2010 at 1:59pm —
No Comments
Energy markets are holding up well given the strength in the dollar index this morning, which is 0.8% higher today and up 3% from a week ago. Grains were up overnight (Wheat +0.8%, Corn +0.5%, Soybeans +0.2%), while soft commodities are mixed.
January crude oil…
Continue
Added by ken flagg on November 29, 2010 at 1:57pm —
No Comments
Biggest point gainers: CVOL (102.46 +11.21), GNI (149.67 +3.55), OYOG (73.90 +3.09), NFLX (194.26 +2.36), MPD (12.96 +2.32), SHI (49.81 +2.31), PTR (122.76 +2.29), VOLT (8.65 +2.22), AMRN (5.75 +2.20), STRA (142.23 +2.17), AMAG (15.99 +1.94), FDX (88.77 +1.27), THRX (23.91 +1.06), Y (302.96 +0.99), KB (46.45 +0.90), SHG (76.25 +0.88), TFM (33.38 +0.86), SPN (32.22 +0.83), AMZN (178.00 +0.80), IAAC (23.20 +0.79), IX (42.92 +0.76),…
Continue
Added by ken flagg on November 29, 2010 at 1:55pm —
No Comments
European mkts are lower, with the Eurostoxx 600 down 1.2%. European markets opened slightly higher as the 85 bln euro Irish bailout package was made official over the weekend. The rally proved short-lived, however, as European markets and the euro sold off from the open. Contagion fears continue as bond yields rise in Portugal , Spain and Italy . The latter sold 5.5 bln euro in auctions today, meeting weak dollar demand on yields…
Continue
Added by ken flagg on November 29, 2010 at 1:33pm —
No Comments
Stocks are headed for a lower open as European debt worries remain front and center. Contributing to the weakness is the uncertainty surrounding the situation on the Korean Peninsula as South Korea has pushed forward with joint naval exercises with the U.S. even as China calls for six-party talks to diffuse the tensions. Retailers are in focus as results from Black Friday begin to trickle in, and online retailers gear up for…
Continue
Added by ken flagg on November 29, 2010 at 12:39pm —
No Comments