- Ticonderoga (390.57 +1.70) -Update-

Ticonderoga notes this week, the Chinese Character version of Sohu.com reported that China Telecom (CHA) is expected to offer two versions of the Apple (AAPL) iPhone as early as the end of October. Essentially, Sohu.com indicates that China Telecom has reached a "preliminary agreement" with Apple. Firm says tis article further supports their contention that a deal…

 First Solar (FSLR) is +6% in the pre-mkt on reports that the Department of Energy will announce $4.5 bln in loan guarantees for three California solar projects. USNA is +16.5% after issuing upside guidance.

While corporate news is light, there are a few pieces of econ data of interest, with weekly Initial Jobless Claims at 8:30 ET, followed by the June Chicago PMI at 9:45 ET. 30-Jun-11 07:40 ET In Play First…

 the S&P 500 is up 17 (1.4%) to 1289 and the Dow is up 136 (1.1%) to 12089. Action has come on light volume (NYSE 330 mln vs. avg of 364 mln; NASDAQ 742 mln vs. avg. of 884 mln), with advancers outpacing decliners (NYSE advancers/decliners 2585/444, NASDAQ advancers/decliners 2014/541) and with mixed new highs/lows (NYSE new highs/new lows 21/21 and NASDAQ new highs/new lows 26/49).

Relative…

 the Dow is up 61 (0.5%) to 12151 and the Nasdaq is up 8 (0.3%) to 2710. Action has come on light volume (NYSE 333 mln vs. avg of 366 mln; NASDAQ 805 mln vs. avg. of 890 mln), with advancers outpacing decliners (NYSE advancers/decliners 2005/870, NASDAQ advancers/decliners 1660/792) and with new lows outpacing new highs (NYSE new highs/new lows 23/46 and NASDAQ new highs/new lows 15/75).

Relative…

 the Nasdaq is down 25 (0.9%) to 2817 and the Dow is down 107 (0.8%) to 12700. Action has come on avg./relatively strong volume (NYSE 440 mln vs. avg of 404 mln; NASDAQ 1.04 bln vs. avg. of 917 mln), with decliners outpacing advancers (NYSE advancers/decliners 722/2205, NASDAQ advancers/decliners 592/1917) and with mixed new highs/lows (NYSE new highs/new lows 71/29 and NASDAQ new highs/new lows 48/44).

Relative…

TZOO is trading ~11% lower today following a report out last night that Facebook will be entering the daily deals space, an emerging market popularized by Groupon. According to a NY Times article (link here) out last night, Facebook is launching its deals product in 5 cities today. There has been many firms entering this business on the success seen from Groupon…

1-In an interview with the Italian newspaper Il Sole 24 Ore, Mr al-Hasidi admitted that he had recruited "around 25" men from the Derna area in eastern Libya to fight against coalition troops in Iraq. Some of them, he said, are "today are on the front lines in…

Wednesday, March 23, 2011 12:10 AM

State 3 reversal however the 3 is in…

Human Genome Sciences, Inc. (NASDAQ: HGSI)

HGSI Human Genome: Stifel is waiting for Benlysta approval (24.92 )Stifel notes that based on discussions with Lupus KOLs, they remain optimistic that the FDA will approve Benlysta by the March 10, 2011 PDUFA date and do not expect major label restrictions for either musculoskeletal/mucocutaneous or racial…