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

To: Jacob Snyder who wrote (56864)	7/12/2012 6:56:51 PM
From: Return to Sender	2 Recommendations Respond to of 95378

From Briefing.com: 4:10 pm : The major averages opened sharply lower before stabilizing and working their way to session highs in the final half-hour of trade. However, they were unable to hold those levels as sellers took control in the final minutes, and prevented the averages from seeing their first winning session in six days. The Dow climbed into positive territory late in the session, but ended down 0.3%. Both the S&P 500 and Nasdaq fared worse, shedding 0.5% and 0.8% respectively. Shares of Infosys (INFY 38.75, -4.87) plunged 11.2% after the company missed on the bottom line and lowered its full-year 2013 revenue guidance. The company reported earnings of $0.73 per share on expectations of $0.74, and saw revenues climb 4.8% to $1.75 billion to narrowly beat the Capital IQ Consensus Estimate of $1.73 billion. Full-year 2013 revenue guidance was lowered to plus 5% from plus 8.0%. Hotel stocks were under pressure after Marriott International (MAR 35.58, -2.45) reported in-line earnings per share of $0.42, and announced revenues fell 6.6% year over year to $2.78 billion which missed the Capital IQ Consensus Estimate of $2.84 billion. Notable was the weakness in markets outside of North America as business in both the Middle East and Asia saw a slowdown in the luxury market. Peers Starwood Hotels & Resorts Worldwide (HOT 48.66, -2.72) and Hyatt Hotels (H 34.10, -1.65) piggybacked the losses. Wells Fargo (WFC 32.85, -0.42) lost 1.3% after the company announced a $125 million settlement with the U.S. Department of Justice, resolving previous claims some of the company’s mortgages may have discriminated against select African-American and Hispanic borrowers. The settlement comes ahead of the company’s earnings which are due out before tomorrow’s opening bell. Rival J.P. Morgan Chase & Co. (JPM 34.04, -0.55) will also release earning’s ahead of tomorrow’s open. Merck (MRK 42.91, +1.70) gained 4.1% after the company announced it was concluding its Phase 3 trial for Odanacatib, its investigational cat-K inhibitor for osteoporosis, early after the study met its primary efficacy outcomes at its first planned interim analysis. Citigroup upgraded the stock to ‘buy’ from ‘neutral’ on the news. Grain prices pushed higher following yesterday’s pullback as the worst drought since 1988 continued to put upward pressure on prices. The Teucrium Corn Fund (CORN 47.39, +1.44) and iPath Dow Jones-UBS Grains Subindex ETF (JJG 57.82, +1.08) saw notable outperformance. Treasuries ended with solid gains as today’s buying dropped the 10-yr yield to 1.479% where it settled just less than 4 bps above its June 1 low print of 1.440%. Tomorrow will see PPI and core PPI will be released at 8:30 am ET, and will be followed by the latest Michigan Sentiment reading at 9:55 am ET. DJ30 -31.26 NASDAQ -21.79 SP500 -6.69 NASDAQ Adv/Vol/Dec 997/1.67 bln/1459 NYSE Adv/Vol/Dec 1119/763.8 mln/1906 3:35 pm : Crude oil began pit trade in negative territory, dipping to a session low of $84.14 per barrel. However, the energy component began to trade upwards and broke into the black in afternoon action. It responded to news that the US is expanding sanctions against Iran and popped to a session high of $86.37 per barrel moments before settling with a 0.1% gain at $85.94 per barrel. Natural gas slid to a floor session low of $2.72 per MMBtu following weak inventory data that showed a build of 33 bcs when a build of 30 bcf was anticipated. Despite the decline, it was able to recover all of the loss and settled 0.3% higher at $2.87 per MMBtu. Gold prices extended overnight losses during today's pit trade as the dollar advanced. Sellers also reacted to yesterday's FOMC minutes released after the pit close that lacked commitment to more monetary stimulus. The yellow metal dipped to a session low of $1554.40 per ounce and a rally mid-session pushed prices as high as $1569.40 per ounce. God ultimately settled at $1565 per ounce, or 0.7% lower. Silver, on the other hand, was able to find buying support and broke into positive territory, even after trading as low as $26.42 per ounce in morning action. It popped to a session high of $27.33 per ounce but pulled back as it headed into the close and settled with a 0.5% gain at $27.16 per ounce.DJ30 +4.16 NASDAQ -13.5 SP500 -2.1 NASDAQ Adv/Vol/Dec 1047/1383.9 mln/1407 NYSE Adv/Vol/Dec 1285/532.8 mln/1739 4:02PM Aehr Test Systems receives $1 mln order for multiple ABTS advanced burn-in and test systems from Taiwanese service provider (AEHR) 1.34 +0.06 : HP (HPQ) continued to be in the top position in worldwide PC shipments. It accounted for 14.9% of the market, but its global shipments declined 12.1%. Some of HP's disappointing results were due to internal issues from the organizational changes. HP's PC business has not been back to pre re-structuring level yet. The co also faced aggressive pricing from Lenovo in the professional market, and threats from companies such as ASUS and Samsung in the already crowded consumer markets. Lenovo' s shipment growth continued to exceed the worldwide average, significantly narrowing the market share gap with HP. Acer managed to increase shipments compared to a year ago, and the co was able to clear its inventory issues, and prepare for the growth. Dell (DELL) has been in a process of transforming itself from a PC supplier to solution provider for professional markets. ASUS showed the strongest growth among the top 5 vendors worldwide, as its shipments increased 38.6% in Q2 of 2012. In the U.S., PC shipments totaled 15.9 million units in Q2 of 2012, a 5.7% decline from the same period last year. The slowdown in the U.S. market was largely attributed to weak consumer spending on PCs. Lattice Semiconductor (LSCC) and Leopard Imaging announced the release of a dual camera module kit that allows the DaVinci TMS320DM368 video processor from Texas Instruments (TI) to interface to two 720p image sensors. 09:24 am SAP shares rise 4% following upside guidance SAP (SAP $59.00 +2.27) issued upside guidance for the second quarter with revenues of EUR3.9 billion versus the $3.8 billion consensus. The second quarter software revenue reaches upper end of the second quarter outlook; non-IFRS software and software-related service revenue increased 21% to euro 3.14 Billion (15% at Constant Currencies); the 10th consecutive quarter of double-digit growth in Non-IFRS software and software-related service revenue supported by stellar results in SAP HANA, Mobile and Cloud. Q2 Non-IFRS Operating Profit Increased by 15% to euro 1.17 billion (8% at Constant Currencies), growth operating margin -240 bps YoY to 23.6%. "Our record performance speaks for itself. We delivered double-digit growth in all regions driven by strong momentum from the core as well as SAP HANA, mobile and the cloud. The results came in at the upper end of our second quarter software revenue guidance in an uncertain macro-economic environment." I knew someone would call me on that statement eventually. LOL RtS