Last Nights Headlines - AM Action

AM Headlines:



8:41a (T3) Tim_K:  Floor Chatter:     We do not want to make much out of one week of data, but the past week’s buying was the lowest in three weeks.  More importantly, buyback activity in earnings season has been unspectacular.  Buybacks have averaged 2.8 for $2.3 billion daily, repurchases for just two companies—Hewlett Packard ($10.0 billion) and Goldman Sachs ($9.7 billion)—have accounted for 58% of the volume.....according to TrimTabs...GS has been active as we thought on the buyside
Jazz Pharmaceuticals (JAZZ)

8:14a (T3) Tim_K:  Jazz Pharmaceuticals target raised to $55 from $43 at Lazard Capital

Yahoo! Inc. (YHOO) Ripped a $1.00 on the news pre market before re-tracing
7:52a (T3) Tim_K:  Yahoo, Alibaba Group, SoftBank reach agreement on Alipay\
7:52a (T3) Tim_K:  Finally, Alibaba Group will receive no less than $2B and no more than $6B in proceeds from an IPO of Alipay or other liquidity event.



Illumina Inc. (ILMN)
7:42a (T3) Tim_K:  Illumina upgraded to Outperform from Neutral at Mizuho

Deckers Outdoor Corp. (DECK)
Should be bought aggressively, says Jefferies

Stec Inc. (STEC)
4 Downgrade's off 37% last night
7:34a (T3) Tim_K:  STEC downgraded to Hold from Buy at Benchmark Co.
7:33a (T3) Tim_K:  STEC would be better off as private company, says Gleacher
7:33a (T3) Tim_K:  STEC Inc downgraded to Underweight from Neutral at JP Morgan
7:33a (T3) Tim_K:  STEC downgraded to Hold from Buy at ThinkEquity
 

Tonight's Post  Market Headlines:

3:17p News Source Earnings Stocks to Watch: ACOM ARBA CDNS CERN CSTR COLM CW CTCT DRIV EMN EXPE GDOT INSP IM ITMN IPCM JAZZ MCK MSCC MMI NTGR NETL N NTRI OCLR PRAA PWER SIMO SYNA TGI TRLG VPRT WMGI ZOLL

3:18p News Source Chatter:     deck to crazy, klac is a semi, expe comes out on their website, qlgc too crazy and automated, rnwk too thin, and i have a bad history with VRSN, but i DO have ntgr on there



4:03p SBUX beats slightly guides slightly higher
4:04p     MMI i think is good but there are charges, hard to tell
4:04p     gdot looks light
4:04p EXPE beats on Revs and EPS nicley
4:05p     ntgr seemed a bit light
    on guidance
4:06p SBUX trends a higher high
4:07p     veco huge guidance range but mostly look like a warn
4:09p Power-One, Inc.
(Nasdaq:PWER), a leading provider of renewable energy and energy-efficient power
conversion and power management solutions, today announced financial results for
the second quarter 2011. For the quarter ended July 3, 2011, Power-One recorded
net sales of $260 million,

4:09p     pwer warned for next quarter, reaffirmed for year
    going up, not down
4:10p     OCLR halted i think, pretty sure it was bad but i see a couple prints up
4:12p SBUX guided
4:13p on SBUX's guidance     2011 was reaffirm for them
    2012 less specific
4:16p SYNA warns looks HTB
4:17p On Stec: Revenue for the second quarter of 2011 was $82.5 million, an increase of
34.6% from $61.3 million for the second quarter of 2010 and a decrease of
13.1% from $94.9 million for the first quarter of 2011.

4:20p test
4:21p     i'm pretty sure acom was in line with slightly higher guidance, but not good enough i guess
    i mean tiny higher guidance
4:21p MMI is pretty bad
4:22p Coinstar Raises 2011 View To Cont Ops EPS $2.90-EPS $3.15 CSTR

4:25p SBUX held support nicly
4:25p all the news is out - tradeable