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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (52274)	6/1/2011 9:28:13 PM
From: Return to Sender	2 Recommendations Respond to of 95821

From Briefing.com: 4:15 pm : The major market averages finished near their worst levels of the session, with all three losing close to 2.3%. Equities were knocked lower following this morning's disappointing data as both the ADP Employment report and ISM Index fell short of expectations. Selling continued over the course of the session with stocks moving to their worst levels of the day following a late downgrade of Greek debt by Moody's. The rating agency announced it was dropping the rating of Greek debt to Caa1 from B1, and assigned a negative outlook. The euro slipped to its worst levels of the day following the Greek downgrade, and ended the U.S. session down 70 pips to near 1.4325. Treasuries were a favorite among market players as buying across the complex ran maturities to their best levels since early December. Today's rally dropped the 10-yr yield below 3.00% for the first time since December 6, and when it was all said and done the benchmark yield ended at 2.966%. As traders moved more aggressively into the longer dated paper the 2-10-yr spread flattened to 251.1. Financial shares lagged the broader market, and were the worst performing sector within the S&P 500. As a whole the group lost 3.5% with heavyweights Wells Fargo (WFC 26.94, -1.43) and Bank of America (BAC 11.24, -0.50) under pressure all session long. Regional banks Sun Trust Banks (STI 26.32, -1.81) and Regions Financial (RF 6.54, -0.52) also saw heavy losses. Microsoft (MSFT 24.43, -0.58) was back in the headlines today on reports that the company was set to purchase the phone business of Nokia (NOK 6.69, -0.33) for $19 billion. The report by technology blog Boy Genius was later denied by a Nokia spokesperson who said it was "100% baseless." Nonetheless, both stocks saw heavy volume on the session. Gold miners were among the best performing stocks for most of the session as the yellow metal climbed above $1550 per ounce earlier this morning. A sell off in precious metals following the pit close pushed most of the miners into negative territory. Large miners like Barrick Gold (ABX 47.28, -0.48) and Newmont Mining (NEM 55.67, -0.90) underperformed some of the smaller ones like Agnico-Eagle Mines (AEM 64.32, -0.38) and Kinross Gold (KGC 15.75, +0.03). Utilities outperformed the broader market, posting a loss of 1.1% for the day. None of the stocks in the S&P 500 Utilities Index closed in positive territory. Other "defensive" sectors outperformed with health care and telecom each losing 1.4%. Data scheduled for an 8:30 a.m. ET release tomorrow includes initial and continuing claims, productivity, and unit labor costs while factory orders will be released at 10 a.m. ET.DJ30 -279.65 NASDAQ -66.11 SP500 -30.65 NASDAQ Adv/Vol/Dec 420/2.03 bln/2205 NYSE Adv/Vol/Dec 547/916.3 mln/2486 9:01AM Anadigics Announces Production Volume Shipments of New Multi-Band Power Amplifier to Qualcomm (ANAD) 3.27 : Co announces that it is shipping production volumes of its AWT6521 multi-mode power amplifier for the Qualcomm Gobi3000 module. Qualcomm (QCOM) announced its 800MHz MSM7x27 mobile processor will be the first to enable Flash Player for the mass market segment of smartphones. In addition, Qualcomm will enable high-definition video playback of Flash-based content on mid-tier and higher end Snapdragon-powered smartphones and tablets. # AMD (AMD) launched its 9-Series chipset line-up, helping PC builders to develop next generation high performance desktop platforms. The co also unveiled its 2011 HD Tablet Platform, based on the AMD Z-Series Accelerated Processing Unit, enabling vivid media display and content creation capabilities for the fast-growing market of Microsoft Windows-based tablets. # HP (HPQ) unveiled a new suite of software to operationalize, measure and improve IT performance across the industry's broadest set of technology investments and asset classes. 1:21AM Micrel increases quarterly dividend by 14.3% to $0.04 per share; authorizes $30 mln share repurchase plan (MCRL) 11.77 : 11:20 am S&P 500 Tech Sector -0.8%; Top News Incl. AMSC, YHOO The tech sector is trading lower today, but ahead of larger losses in the broader market. Semiconductors are showing relative weakness in the tech space, however, with the Philly Semi Index trading 1.1% lower. Among chips in the index, MU (-3.4%) is a notable laggard. Among other major indices, the S&P 500 is trading 1.1% lower while the NASDAQ is trading 0.8% lower. The QQQ, meanwhile, is trading 0.8% lower. Among tech bellwethers, AAPL (+0.3%) is showing continued strength, while HPQ (-1.6%) is under pressure. In earnings last night, GAME (+4.6%) reported Q1 EPS in-line, but beat on revs. Also, NVLS (+1.0%) reaffirmed and narrowed EPS guidance at its mid qtr update. In news last night, AMSC (-18.2%) announced that it would delay reporting Q4 and fiscal year end financial results and cut 10% of its workforce. This morning, YHOO (-2.8%) and Alibaba reached agreement. Among the more notable analyst upgrades this morning, Hudson Square Research upgraded T (-0.5%) to Buy. In downgrades this morning, NOK (-0.3%) was downgraded at Goldman, WestLB, Bernstein, and Canaccord, SQNS (-9.4%) was downgraded to Hold at Needham, and VZ (-1.3%) was downgraded to Sell at Hudson Square. No notable tech names are set to report results today after the close.