Posts Tagged ‘Technology Stocks’

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DV spreads wings, GE turns light on, SE mulls bids

Wednesday, January 26th, 2011

DeVry Inc. (NYSE: DV) shares hurtled skyward 13.3 percent to $53.66 Wednesday, on volume of nearly three million shares, or about triple its daily average, on quarterly profits jumped 22 percent over the same quarter last year and its revenue rose 17 percent.

General Electric Company (NYSE: GE) traded in 52.1 million shares Wednesday, just shy of its daily average of 58.8 million. Share prices crept up 0.2 percent to $20.02, as President Obama’s State of the Union address made reference to bolstering infrastructure, boosting companies like GE.

Sara Lee Corporation (NYSE: SLE) shares lost 6.3 percent to $18.40 Wednesday, on volume of 27.2 million shares, nearly four times its daily average. The Downers Grove, Illinois-based packaged food company appears to be weighing bids from two suitors, bids that could be made public as early as Friday.

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Posted in Consumer Discretionary Stocks, Technology Stocks | No Comments »

MSHL marches, CSCO deals, GTIMD down

Wednesday, January 26th, 2011

Marshsall Edwards Inc. (Nasdaq: MSHL) shares spiked 21.8 percent to $2.63, on volume of 114,403 shares, tripling its daily average.

Cisco Systems Inc. (Nasdaq: CSCO) was among the volume leaders Wednesday, trading in 46.2 million shares compared to a daily average of 72.8 million. Share prices shaved off 0.6 percent to $21.41.

Good Times Restaurants Inc. (Nasdaq: GTIMD) shares jettisoned 34.3 percent to $3.11 Wednesday, on volume of 186,771 shares, compared to a daily average of 5,000. The Colorado-based restaurant chain said December was its fifth consecutive month of same-store sales increases. It said that same-store sales were up 13.4 percent in the just-completed first quarter of fiscal 2011 from a year earlier.

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Posted in Health Care Stocks, Technology Stocks | No Comments »

BKI makes bucks, MSFT dialed in, XIN goes south

Wednesday, January 26th, 2011

Buckeye Technologies Inc. (NYSE: BKI) shares spiked 18.1 percent to $24.94, on volume of 1.6 million shares, beating its daily average of 449,548, on strong quarterly earnings of $17.1 million, or 42 cents a share, on sales of $209.5 million. That compares to net income of $46.3 million, of $1.18 per share, on sales of $183.3 million, a year ago.

Microsoft Corporation (Nasdaq: MSFT) was among the volume leaders Wednesday, exchanging 45.7 million shares compared to a daily average of 57.9 million. Share prices improved 1.2 percent to $28.80, on news the software giant shipped two million Windows phones last quarter.

China Xiniya Fashion Inc. (NYSE: XNY) shares tumbled 11.7 percent to $6.50, on volume of 483,556 shares, nearly double its daily average, after renewing its sponsorship agreement with a leading pop star in China

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Posted in Consumer Discretionary Stocks, Technology Stocks | No Comments »

MCBF in green, INTC popular, SLAB slips

Wednesday, January 26th, 2011

Monarch Community Bancorp (Nasdaq: MCBF) shares skyrocketed 65.4 percent to $2.20, on volume of 153,590 shares, dwarfing a daily average of less than 5,000. Tuesday, the bank returned to profitability in the fourth quarter of 2010, after six successive quarters of losses. Net income for the quarter was $76,934, compared to a loss of $(17.5) million for the same period a year ago.

Intel Corporation (Nasdaq: INTC) exchanged 18.8 million shares Wednesday, compared to a daily average of nearly 55 million. Share prices improved 1.2 percent to $21.82, after the company was upgraded at BMO from Market Perform to Outperform.

Silicon Laboratories Inc. (Nasdaq: SLAB) shares dove 9.1 percent to $43.28, on volume of 1.3 million – nearly three times its daily average — after reporting revenue of $112 million for the fourth quarter and record revenue for the full year of $493 million.

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Posted in Financial Stocks, Technology Stocks | No Comments »

MSTR a master, YHOO trades, RFMD slumps

Wednesday, January 26th, 2011

Microstrategy Inc. (Nasdaq: MSTR) shares vaulted 18.6 percent to $110.32, on volume of 395,309 shares, or better than four times its daily average. The software maker reported third-quarter revenue of $139.11 million, up 32 percent from $105.8 million in the same quarter a year earlier. Net income was $17.9 million, or $1.60 per share, compared to $20.5 million, or $1.66 per share in the year-ago period.

YAHOO Inc. (Nasdaq: YHOO) traded in 16.7 million shares Wednesday, very nearly catching its full-day average of 16.9 million. Share prices for YHOO fell three percent to $15.53, after the company’s first-quarter sales outlook missed analysts’ estimates, dragged down by early results from its search agreement with Microsoft Corp.

RF Micro Devices Inc. (Nasdaq: RFMD) shares declined 9.3 percent to $6.95. Volume for the stock was 12.1 million, nearly double its full-day average, after the manufacturer of chips for wireless phones late Tuesday reported third-quarter sales that came in shy of forecasts.

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Posted in Technology Stocks | No Comments »

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