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Jason SmithJason Smith is a regular contributor to the tickerspy Newswire with a focus on covering equity markets. Brightpoint, Ingram Micro Jump-Start IT Products Stocks (CELL, IM, TECD, PCCC, MALL, SCSC)by Jason Smith | July 29th
Shares of Brightpoint (CELL), the provider of solutions to the wireless technology industry, are soaring 15% after the company reported a second-quarter profit of $11.8 million, 18 cents a share, compared with $7.3 million, or 10 cents a share, a year…  Tepid Report From Suncor Holds Back Oil Sands Stocks (SU, BQI, CNQ, CVE, IMO, NOA)by Jason Smith | July 28th
Shares of Suncor Energy (SU), Canada’s largest oil company by market value, are down 2% after the company said its second-quarter profit rose just 4%, lagging well behind the profit increases posted thus far by U.S. and European oil majors. Operating… Amazon Surges As Company Throttles Estimates (AMZN, NFLX, DANG, EBAY, PCLN, EXPE, OSTK)by Jason Smith | July 27th
Shares of Amazon.com (AMZN), the world’s largest online retailer, are surging 5% after the company reported second-quarter results that handily topped Wall Street forecasts. The Washington-based company said it earned $191 million, or 41 cents a share, compared with $207 million,… Corning’s LCD Forecast Not Worth Tuning Into; Shares Plunge (GLW, FNSR, EMKR, JDSU, OCLR, MRVC)by Jason Smith | July 27th
Shares of Corning (GLW), the maker of LCD glass used for flat screen televisions, are plunging 6% after the company pared its forecast for the global glass as TV makers are lowering their own sales projections due to tepid expectations for… Dry Bulk Stocks Sail Higher On Consolidation News (OCNFD, DRYS, BALT, FREE, DSX, EXM, SBLK, GNK)by Jason Smith | July 26th
Shares of dry bulk shipping firm OceanFreight (OCNFD) are surging 76% after rival DryShips (DRYS) offered to acquire the company for $118 million in cash and stock, valuing OceanFreight at $19.85 a share, more than double where the stock closed on Monday.… After Upgrade, Finisar Leads Optical Networking Stocks Higher (FNSR, JDSU, EXFO, NPTN, OPLK, GLW, OCLR)by Jason Smith | July 26th
Shares of Finisar (FNSR), the maker of components used to connect communications networks, are soaring 9% after Citigroup upgraded the stock to “buy” from “hold,” citing valuation and the likelihood of positive earnings revisions going forward. Citi also raised its price… Analysts Tune Into Pandora, But Competition Rises (P, SIRI, CMLS, ETM, EMMS, SGA)by Jason Smith | July 25th
Shares of Pandora Media (P), the newly public Internet radio provider, are up 1% today after a swath of analysts started new coverage of the stock. Wells Fargo initiated coverage of Pandora with an “outperform” rating and a $21-$23 price target… Skyworks Reaches For The Sky On Strong Outlook (SWKS, TQNT, RFMD, ANAD, MXL)by Jason Smith | July 22nd
Shares of Skyworks Solutions (SWKS), the maker of chips for mobile phones, are soaring 19% after the company posted fiscal third-quarter results that topped analysts’ estimates and gave fourth-quarter guidance that impressed investors. Investors are loving the news as the RF… Smooth Sailing For Google+ To Start (GOOG, LNKD, UNTD, SINA, RENN)by Jason Smith | July 22nd
Shares of Google (GOOG), the largest U.S. provider of Internet search services, are fractionally higher today on news the company’s latest social networking effort, Google+, is off to a fine start. In just three weeks since the launch of Google+, the… Seagate Slammed By Margin Concerns, Rare Earths Prices (STX, WDC, OCZ, EMC, NTAP, SNDK, STEC, MCP)by Jason Smith | July 21st
Shares of hard disk drive maker Seagate Technology (STX) are plunging 17% after the company said rising rare earths prices will result in a 200-basis point margin headwind in the second half of this year. California-based rival Western Digital (WDC), which reports…  |
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