Idenix Pharmaceuticals Upgraded at Wedbush Securities
Wedbush Securities upgraded its rating on shares of Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) to outperform from neutral. The brokerage also raised its fair value estimate to $11 from $6.
Pre-Market NASDAQ Movers (NLST, CAST, SPIL, AAPL, MKTAY, CADX, ATVI, AIXG, URBN, LOGI)
The top pre-market NASDAQ Stock Market gainers are: Netlist, ChinaCast Education, Siliconware Precision Industries, Apple, and Makita. The top pre-market NASDAQ Stock Market losers are: Cadence Pharmaceuticals, Activision Blizzard, Aixtron, Urban Outfitters, and Logitech International.
'The Twilight Saga: Breaking Dawn, Part 1': More Than 2,500 Showtimes on Fandango Sold Out
Fandango, a subsidiary of Comcast that sells movie tickets, said The Twilight Saga: Breaking Dawn, Part 1 movie, which opens Nov. 17 midnight, has already sold out out more than 2,500 showtimes on its Web site.
Post-Market NASDAQ Movers (NLST, VNET, CYTX, SWSH, ACXM, SYMC, GURE, URBN, Z, ARRS, TTWO)
The top after-market NASDAQ Stock Market gainers are: Netlist, 21Vianet Group, Cytori Therapeutics, Swisher Hygiene, Acxiom, and Symantec. The top after-market NASDAQ Stock Market losers are: Gulf Resources, Urban Outfitters, Zillow, Arris Group, and Take-Two Interactive Software.
HARP 2.0 Program Better Than Expected?
FBR Capital Markets said the broad changes to the Home Affordable Refinance Program (HARP) were outlined by U.S. President Barack Obama's administration on Oct. 24. However, the release of most of the technical details was delayed until Nov. 15.
Boeing Expects $450 Billion Airplanes Market in Middle East
Boeing (NYSE: BA) anticipates that the Middle Eastern airlines will need an estimated 2,520 airplanes worth $450 billion by 2030.
Oman Air Orders Six Boeing 787 Dreamliners
Oman Air, the Sultanate of Oman's flagship carrier, and Boeing (NYSE: BA) announced an order for six Boeing 787-8s at the Dubai Air Show.
comScore Meetings Show Strong Tone, Posture Heading into 2012: Analyst
Jefferies said meetings with the management of comScore Inc. (NASDAQ: SCOR) focused on the company's compelling growth opportunities, given a recently expanded product portfolio.
ValueClick Moving up the Value Chain
Jefferies said its recent meeting with the management of ValueClick Inc. (NASDAQ: VCLK) gave more confidence that the company is moving up the value chain.
Will Apple iPhone 4S Lose to Top 6 Android Phones?
Apple Inc.'s iPhone 4S has generated an overwhelming response by consumers, but the smartphone has experienced battery-life problems for weeks now. Amid these continuing issues, the iPhone 4S is predicted to face tough challenges from Android devices.
Cardiome Pharma Downgraded at Wedbush Securities
Wedbush Securities downgraded its rating on shares of Cardiome Pharma Corp. (NASDAQ: CRME) to “neutral” from “outperform” as the trial of oral vernakalant continues to delay. The brokerage also lowered its fair value estimate to $4 from $8.50.
Facebook may Change Privacy Policies as FTC Settlement Nears
Facebook is in talks with the U.S. Federal Trade Commission to reach a settlement over changes to its privacy policies enacted two years ago, according to media reports.
Post-Market NASDAQ Movers (SBSA, HMIN, UBNT, SREV, NVDA, FFHL, FMCN, ANDE, BRKS, ETFC)
The top after-market NASDAQ Stock Market gainers are: Spanish Broadcasting System, Home Inns & Hotels Management, Ubiquiti Networks, ServiceSource, and NVIDIA. The top after-market NASDAQ Stock Market losers are: Fuwei Films Holdings, Focus Media Holding, The Andersons, Brooks Automation, and E*TRADE Financial.
Review of Hasbro Analyst Day
Hasbro Inc. (NASDAQ: HAS) held its annual analyst meeting in Pawtucket, the Rhode Island, Wednesday and Wedbush Securities analyst Edward Woo came away with a continued positive view on the company.
Pre-Market NASDAQ Movers (CSCO, PWER, EMITF, NVDA, MU, GMCR, OPNT, KLIC, BPAX, KITD)
The top pre-market NASDAQ Stock Market gainers are: Cisco Systems, Power-One, Elbit Imaging, NVIDIA, and Micron Technology. The top pre-market NASDAQ Stock Market losers are: Green Mountain Coffee Roasters, OPNET Technologies, Kulicke & Soffa Industries, BioSante Pharmaceuticals, and KIT digital.
Lexicon Phase 2a LX2931 Rheumatoid Arthritis Data Confirm Safety
Wedbush Securities said Lexicon Pharmaceuticals Inc.'s (NASDAQ: LXRX) phase 2a LX2931 for rheumatoid arthritis data presented at ACR confirm safety and support testing of higher doses.
Adobe Outlines Major Changes at Analyst Day
Jefferies said Adobe Systems Inc. (NASDAQ: ADBE) used its Analyst Day to outline major changes to its business model, product portfolio and technology focus.
Post-Market NASDAQ Movers (CAST, PSMT, SAFM, ALSK, CXPO, CSCO, NBIX, GMCR, PEGA, ROVI, OPNT, OCLR)
The top after-market NASDAQ Stock Market gainers are: ChinaCast Education, PriceSmart, Sanderson Farms, Alaska Communications Systems Group, Crimson Exploration, and Cisco Systems. The top after-market NASDAQ Stock Market losers are: Neurocrine Biosciences, Green Mountain Coffee Roasters, Pegasystems, Rovi, OPNET Technologies, and Oclaro.
Will HTC Sensation XL Outrun Apple iPhone 4S Worldwide?
HTC released its Sensation XL with Beats Audio in the UK market on Oct. 6. Despite not hitting the U.S. shores officially, the HTC Sensation XL with its huge 4.7-inch screen is expected to give tough competition to Apple Inc.'s iPhone 4S worldwide.
Pre-Market NASDAQ Movers (SODA, YONG, KITD, PANL, CTEL, ROVI, NILE, STEC, ALSK, GRRF)
The top pre-market NASDAQ Stock Market gainers are: SodaStream International, Yongye International, KIT digital, Universal Display, and City Telecom HK. The top pre-market NASDAQ Stock Market losers are: Rovi, Blue Nile, STEC, Alaska Communications Systems Group, and China GrenTech.
PMC-Sierra's Cloud/Storage, Mobile Backhaul Overcome Wireline Weakness
Jefferies said PMC-Sierra Inc.'s (NASDAQ: PMCS) cloud/storage and mobile backhaul overcome wireline weakness.
Apple iCloud - the New Digital Hub
Barclays Capital believes that iCloud could be Apple Inc.'s (NASDAQ: AAPL) most important new service since the launch of iTunes in 2003.
Post-Market NASDAQ Movers (PANL, EZPW, HMSY, SMBL, SGI, ROVI, POWL, STEC, NILE, RBCN)
The top after-market NASDAQ Stock Market gainers are: Universal Display, EZCORP, HMS Holdings, Smart Balance, and Silicon Graphics International. The top after-market NASDAQ Stock Market losers are: Rovi, Powell Industries, STEC, Blue Nile, and Rubicon Technology.
OmniVision Technologies Downgraded at Wedbush Securities
Wedbush Securities downgraded its rating on shares of OmniVision Technologies Inc. (NASDAQ: OVTI) to neutral from outperform and lowered its price target to $14 from $25.
Pre-Market NASDAQ Movers (MSSR, BCRX, CEDC, DRYS, PLCM, TRGT, AMLN, LEDS, ALLT, LGCY)
The top pre-market NASDAQ Stock Market gainers are: McCormick & Schmick's Seafood Restaurants, BioCryst Pharmaceuticals, Central European Distribution, DryShips, and Polycom. The top pre-market NASDAQ Stock Market losers are: Targacept, Amylin Pharmaceuticals, SemiLEDs, Allot Communications, and Legacy Reserves.
Altera Ups Long Term Business Model at Analyst Day
Altera Corp.'s (NASDAQ: ALTR) management upped its long-term business model at its Nov. 7 analyst day to operating margins of 38 percent from 32 percent set previously in 2007.
Adobe Systems Analyst Day: Preview
Adobe Systems Inc. (NASDAQ: ADBE) will host its annual financial analyst meeting in New York at 10:00 AM Eastern time on Nov. 9.
Post-Market NASDAQ Movers (SZYM, TRAK, AMED, CEDC, KOPN, LGCY, URBN, LLNW, ARRY, SVNT)
The top after-market NASDAQ stock market gainers are: Solazyme, DealerTrack Holdings, Amedisys, Central European Distribution, and Kopin. The top after-market NASDAQ stock market losers are: Legacy Reserves, Urban Outfitters, Limelight Networks, Array BioPharma, and Savient Pharmaceuticals.
Pre-Market NASDAQ Movers (ADPI, NPSP, TKLC, VRUS, DRWI, OVTI, VRTX, ARMH, LOGI, SPIL)
The top pre-market NASDAQ Stock Market gainers are: American Dental Partners, NPS Pharmaceuticals, Tekelec, Pharmasset, and DragonWave. The top pre-market NASDAQ Stock Market losers are: OmniVision Technologies, Vertex Pharmaceuticals, ARM Holdings, Logitech International, and Siliconware Precision Industries.
DragonWave Upgraded at Jefferies on Microwave Transport Acquisition
DragonWave Inc. (NASDAQ: DRWI) announced its plans in acquiring the microwave transport business from Nokia Siemens Networks (NSN) in a cash and stock transaction valued at about $154 million.