Echelon Downgraded at Wedbush Securities
Wedbush Securities downgraded its rating on shares of Echelon Corp. (NASDAQ: ELON) to neutral from outperform and lowered its price target to $7 from $16, as Duke contract loss lowering visibility.
Pre-Market NASDAQ Movers (OPWV, EVEP, AMAG, ARMH, VVUS, CEDC, SGEN, AONE, SWKS, FSIN)
The top pre-market NASDAQ Stock Market gainers are: Openwave Systems, EV Energy Partners, AMAG Pharmaceuticals, ARM Holdings, and VIVUS. The top pre-market NASDAQ Stock Market losers are: Central European Distribution, Seattle Genetics, A123 Systems, Skyworks Solutions, and Fushi Copperweld.
Loan Limits at Fannie Mae, Freddie Mac to Rise This Month: Analyst
FBR Capital Markets believes the amendment to re-raise the loan limits at Fannie Mae and Freddie Mac in high-cost areas will be in the final bill and be enacted into law later this month.
Post-Market NASDAQ Movers (OPWV, GTXI, SKUL, EVEP, ARRS, OPTR, KEYN, ENTR, GLUU, SWKS)
The top after-market NASDAQ Stock Market gainers are: Openwave Systems, GTX, Skullcandy, EV Energy Partners, and Arris Group. The top after-market NASDAQ Stock Market losers are: Optimer Pharmaceuticals, Keynote Systems, Entropic Communications, Glu Mobile, and Skyworks Solutions.
Top 5 Android Phones That Could Outrun Samsung Galaxy Nexus
Samsung Galaxy Nexus, which is the first phone running on Google's Android 4.0 Ice Cream Sandwich, is expected to arrive in the United States after Nov. 25, Black Friday. However, some Android smartphone contenders will try their best to spoil the party.
Pre-Market NASDAQ Movers (MDVN, QCOM, THQI, QGEN, TSLA, DNDN, WBMD, GTIV, ECPG, FSIN, SVNT)
The top pre-market NASDAQ Stock Market gainers are: Medivation, Qualcomm, THQ, Qiagen, and Tesla Motors. The top pre-market NASDAQ Stock Market losers are: Dendreon, WebMD Health, Gentiva Health Services, Encore Capital Group, Fushi Copperweld, and Savient Pharmaceuticals.
Apple's Capex Guidance of $8 Billion Could Mean Something for iCloud, Revenue: Analyst
Barclays Capital said Apple Inc.'s capital expenditure (capex) projection is really the only major figure it forecasts for investors on an annual basis in every 10Q and 10K filings. The brokerage said capex guidance of $8 billion could mean something for iCloud and revenue.
Post-Market NASDAQ Movers (NVTL, WMGI, ANIK, MELI, THQI, HURN, QCOM, DNDN, VVTV, WBMD, NTRI, BGFV)
The top after-market NASDAQ Stock Market gainers are: Novatel Wireless, Wright Medical Group, Anika Therapeutics, Mercadolibre, THQ, Huron Consulting Group, and Qualcomm. The top after-market NASDAQ Stock Market losers are: Dendreon, ValueVision Media, WebMD Health, Nutrisystem, and Big 5 Sporting Goods.
No Risk to Closure of Procter & Gamble's Sale of Pringles to Diamond Foods: Analyst
Procter & Gamble Co. (NYSE: PG) said the sale of Pringles to Diamond Foods Inc. (NASDAQ: DMND) has moved from the front half to the back half of its fiscal year. The deal, which was earlier said to be closed by December 2011, is now expected to close before the end of June 2012.
Pre-Market NASDAQ Movers (GRMN, SIMO, MGIC, EXEL, JDSU, SYMS, DMND, OPEN, EZCH, CTSH)
The top pre-market NASDAQ Stock Market gainers are: Garmin, Silicon Motion Technology, Magic Software Enterprises, Exelixis, and JDS Uniphase. The top pre-market NASDAQ Stock Market losers are: Syms, Diamond Foods, OpenTable, EZchip Semiconductor, and Cognizant Technology Solutions.
Apple iPhone 5 May Arrive in 2012: Roundup of Rumored Features
While Apple Inc.'s iPhone 4S is marching towards a huge success from around the world, analysts are expecting a 4G LTE iPhone 5 to come in 2012.
Post-Market NASDAQ Movers (KTCC, MXIM, RSTI, SIMO, EBIX, QUIK, OPEN, THOR, WMGI, DMND)
The top after-market NASDAQ Stock Market gainers are: Key Tronic, Maxim Integrated Products, Rofin-Sinar Technologies, Silicon Motion Technology, and Ebix. The top after-market NASDAQ Stock Market losers are: QuickLogic, OpenTable, Thoratec, Wright Medical Group, and Diamond Foods.
FDA Approves Pacira's Pain Drug Exparel
Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) said its drug Exparel, which is intended to treat pain following surgery, has been approved by the U.S. Food and Drug Administration. The company expects to launch Exparel in January 2012.
Galaxy S II Skyrocket Vs iPhone 4S: Will LTE Rocket Steal Apple's Thunder?
The Samsung Galaxy S II Skyrocket, which is a follow-up to Galaxy S2 and to hit the market on Nov. 6, is anticipated to give immense competition to Apple Inc.'s iPhone 4S.
Post-Market NASDAQ Movers (NBIX, LEAP, WINN, NPSP, CSIQ, EXEL, PWAVD, CAVM, CDZI, GEOY)
The top after-market NASDAQ stock market gainers are: Neurocrine Biosciences, Leap Wireless International, Winn-Dixie Stores, NPS Pharmaceuticals, and Canadian Solar. The top after-market NASDAQ stock market losers are: Exelixis, Powerwave Technologies, Cavium, Cadiz, and GeoEye.
Pre-Market NASDAQ Movers (ABFS, CLWR, BIDU, BRCD, SPPI, TGE, NANO, QLIK, CSTR, ZIXI)
The top pre-market NASDAQ Stock Market gainers are: Arkansas Best, Clearwire, Baidu, Brocade Communications Systems, and Spectrum Pharmaceuticals. The top pre-market NASDAQ Stock Market losers are: TGC Industries, Nanometrics, Qlik Technologies, Coinstar, and Zix Corp.
Can Samsung Galaxy Nexus Bring Down Apple iPhone 4S?
Google Inc. and Samsung unveiled the Galaxy Nexus phone running on Ice Cream Sandwich, the newest version of Android, at an event in Hong Kong on Oct. 18. The Galaxy Nexus, which will hit the stores in November, is expected to give stiff competition to Apple Inc.'s iPhone 4S.
Intuit Downgraded at Jefferies
Jefferies downgraded its rating on shares of Intuit Inc. (NASDAQ: INTU) to hold from buy with a price target of $55.
Motorola Droid RAZR Pre-Order Begins; ‘Thinnest Smartphone’ to Dare Samsung Galaxy Nexus
Verizon Wireless Thursday started accepting pre-order for Motorola Droid RAZR. Consumers will start getting the phone by the second week of November.
Pre-Market NASDAQ Movers (LOGI, AKAM, CTXS, WIBC, APKT, TQNT, AXTI, PLXS, VNET, FBRC)
The top pre-market NASDAQ Stock Market gainers are: Logitech International, Akamai Technologies, Citrix Systems, Wilshire Bancorp, and Acme Packet. The top pre-market NASDAQ Stock Market losers are: TriQuint Semiconductor, AXT, Plexus, 21Vianet Group, and FBR.
NASA Halts Undersea Asteroid Mission Due to Hurricane Rina (Photos)
The 15th NASA Extreme Environment Mission Operations (NEEMO) ended ahead of schedule due to the predicted path of Hurricane Rina.
Post-Market NASDAQ Movers (AKAM, SONO, GPRE, WWWW, IDCC, TQNT, ESIO, AXTI, LHCG, ACOM)
The top after-market NASDAQ Stock Market gainers are: Akamai Technologies, SonoSite, Green Plains Renewable Energy, Web.com Group, and InterDigital. The top after-market NASDAQ Stock Market losers are: TriQuint Semiconductor, Electro Scientific Industries, AXT, LHC Group, and Ancestry.com.
Can Samsung Galaxy S2 Defeat Apple's Latest Thunder iPhone 4S?
Apple Inc. received overwhelming positive responses for iPhone 4S that sold 4 million units during the opening weekend. Despite having fewer features when compared to Samsung Galaxy S2, iPhone 4S promises blazing performance with its A5 chipset and the latest iOS 5.
Post-Market NASDAQ Movers (GPRO, QCOR, PNRA, TSPT, FFIV, AMZN, HGSI, MASI, BRCM, CENX)
The top after-market NASDAQ Stock Market gainers are: Gen-Probe, Questcor Pharmaceuticals, Panera Bread, Transcept Pharmaceuticals, and F5 Networks. The top after-market NASDAQ Stock Market losers are: Amazon.com, Human Genome Sciences, Masimo, Broadcom, and Century Aluminum.
Canon Results Indicate Weak Printer Orders from HP
Canon Inc. (NYSE: CAJ) reported a 14.2 percent increase in third quarter earnings, due to ongoing cost cutting measures. Because of historically strong yen and lower production activities, the company lowered its full year 2011 outlook.
Pre-Market NASDAQ Movers (INVE, FTNT, SQNM, JASO, WIBC, NFLX, HWAY, ININ, HGSI, TQNT)
The top pre-market NASDAQ Stock Market gainers are: Identive Group, Fortinet, Sequenom, JA Solar Holdings, and Wilshire Bancorp. The top pre-market NASDAQ Stock Market losers are: Netflix, Healthways, Interactive Intelligence Group, Human Genome Sciences, and TriQuint Semiconductor.
Is Apple Finally Ready for a TV?
The long-awaited biography, Steve Jobs by Walter Isaacson, was made available Monday. Isaacson briefly mentions that Jobs wanted to create a television with a simple user interface, rescuing consumers from multiple confusing remotes.
Netflix's Loss of 800,000 Subscribers Hit Q4 Forecast
Netflix Inc. (NASDAQ: NFLX) reported a loss of 800,000 subscribers as a result of a price hike in July, as well as its September attempt to split and re-brand its DVD-by-mail service as. This has led to a fourth quarter guidance that was substantially below Wall Street's expectations.
Q3 Bank Earnings Recap
With the majority of the banking industry by assets having reported third quarter results, FBR Capital Markets believes that some of the dire scenarios discussed may have hit bank valuations harder than underlying fundamentals indicate.
Apple iTV Expected to Launch in 2H-CY12: Analyst
Jefferies believes Apple Inc. will launch a new video-focused cloud-based service called iTV in the second half of calendar 2012.