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Thursday, 19 November 2009 |
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Is the smartphone market getting too crowded? Citigroup's Jim Suva says there is still plenty of room for good competitors. (Nov. 19)
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Downgrades: Hot Topic, ASM International
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Thursday, 19 November 2009 |
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This morning, both Piper Jaffray and Citigroup downgraded shares of retailer Hot Topic (HOTT) as both firms remained concerned about what is next for the company. The retailer saw sales spike following the success of the Twilight saga, but caution investors to remain cautious until more visibility for future sales growth is established.
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Today's Big Losers: New Gold, China Medical, Semtech
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Thursday, 19 November 2009 |
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New Gold (NGD) announced it was notified yesterday that the Mexican government's environmental protection agency nullified the mine's Environmental Impact Statement following a court ruling, and ordered the company to suspend its mining operations. New Gold said it plans to appeal the ruling.
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Chip Sector Downgraded, Outlook Cautious
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Thursday, 19 November 2009 |
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The semiconductor sector was downgraded Thursday as analysts took a cautious stance ahead of a holiday season that looks to be marked by weak consumer demand for electronics. (Nov. 19)
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Today's Big Gainers: DCI, SRZ, TSL, NWY
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Thursday, 19 November 2009 |
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Filtration systems company Donaldson (DCI) posted quarterly earnings of 44 cents per share, beating expectations, and boosted its outlook for the year. The company's end markets improved, and sales were up from the prior quarter.
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