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Cree's Post-Earnings Retreat Spurs Insider Buying
Monday, October 24, 2016 - 2:27pm | 296Read More...A leading LED products maker has seen some insider buying lately. The CEO and others bought shares in the wake the most recent quarterly report. Insider buying can be seen as a good sign for investors. Conventional wisdom says that insiders and 10 percent owners really only buy shares...
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Markets Reverse Early Morning Gains Following Canadian Shooting
Wednesday, October 22, 2014 - 3:43pm | 1767Read More...U.S. stocks reversed early morning gains following a fatal shooting of a Canadian soldier in the nation's capital and a subsequent gunfight inside Canada's Parliament. Declining oil prices was also cited as a factor for the poor performance in equities on Wednesday following the release...
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Unleash The Bulls: Surge In September Hiring Data Jolts Markets Higher
Friday, October 3, 2014 - 3:42pm | 1615Read More...U.S. markets rose sharply after the U.S. government reported that 248,000 jobs were created in September, bringing the unemployment rate to 5.9 percent, the lowest it has been since July 2008. In addition to the jobs report, data from the U.S. government showed the trade deficit narrowing in...
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Markets Little Changed Ahead Of Friday's Jobs Report
Thursday, October 2, 2014 - 4:10pm | 2062Read More...U.S. stocks reversed early morning declines and closed the day little changed ahead of Friday's job reports data, which will be released at 8:30 A.M. The number of Americans filing claims for unemployment benefits unexpectedly fell last week by 8,000 according to data released today. Not...
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Cree, Inc. Issues Downside Guidance, Shares Trading At New 52-Week Lows In #PreMarket
Thursday, October 2, 2014 - 7:50am | 103Read More...LED lightbulb maker Cree, Inc. (NASDAQ: CREE) issued downside guidance Thursday morning. The company expects its first quarter earnings per share to be in a range of $0.25 to $0.30, below the consensus estimate of $0.42. Cree's first quarter revenue is now expected to see be $428.0 million, below...
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Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Wednesday, August 13, 2014 - 3:43pm | 2982Read More...U.S. stocks rose for the third time in four days bringing the Dow back into positive territory for the year. Investors appeared to brush up poor retail sales from Macy's while focusing on business inventories that rose in June. On the international front, Ukraine said it would not allow...
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Dow Trades Above 17,000 While S&P 500 Inches Closer To 2,000
Thursday, July 3, 2014 - 12:20pm | 1238Read More...U.S. stocks rose ahead of the long weekend after the economy added a better-than-expected 288,000 jobs in June. The unemployment rate also dipped to 6.1 percent. The Fed's Janet Yellen confirmed its views that ti will not raise its interest rates on Wednesday at an International Monetary...
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Market Wrap For May 22: Markets Barely Positive
Thursday, May 22, 2014 - 3:35pm | 2710Read More...U.S. stocks picked up right where they left off following Wednesday's rally. Investors were given a mixed bag of economic data covering U.S. manufacturing, initial purchasing managers' index in China, existing home sales, Fed activity among others. Investors are likely focusing more on...
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Market Wrap For May 14: Dow's Winning Streak Ends At Five Sessions
Wednesday, May 14, 2014 - 3:47pm | 2536Read More...U.S. stocks declined a day after the S&P 500 and Dow indices traded at record-high levels. Investors and traders were likely paying attention to the ten-year Treasury yield which hit 2.5258, the lowest level since late October. The bull market has paused, temporarily at least, until...
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Market Wrap For May 8: Tesla Helps Extend Nasdaq's Losing Streak To 3 Straight Days
Thursday, May 8, 2014 - 3:32pm | 3174Read More...U.S. stocks were mixed as the Dow finished in positive territory and the S&P 500 index turned negative after rising to within two points of its record close. The Nasdaq also turned negative towards the end of the day, declining for the third straight day. Earnings continue to come in mixed...
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One Analyst Sees A Bright Future For Cree
Thursday, May 8, 2014 - 2:57pm | 362Read More...Cree (NASDAQ: CREE) manufacturers high-brightness Light Emitting Diodes (LEDs) that are marketed exclusively through Home Depot. Hendi Susanto of Gabelli & Company upgraded Cree from Hold to Buy on Thursday, the same day the company increased the value of its existing share buyback program...
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Market Wrap For April 28: Apple Hits New 52-Week Highs In a Volatile Start To the Trading Week
Monday, April 28, 2014 - 3:34pm | 2080Read More...U.S. stocks ended the day mostly positive in a volatile trading session as the Nasdaq rebounded from a one percent decline, finishing the day almost flat. The Dow traded higher by as much as 138 points but still ended the day modestly higher as Pfizer's massive $100 billion takeover plans gave...
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Market Wrap For April 23: S&P 500 Ends Winning Streak, Apple Announces 7-for-1 Stock Split
Wednesday, April 23, 2014 - 3:46pm | 3441Read More...U.S. stocks fell after the S&P 500 and Nasdaq has risen for six consecutive trading sessions after new home sales data came in worse than expected. Investors could reasonably expect the markets to cool off after six straight days of gains especially as earnings continue to come in mixed....
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Market Wrap For April 10: Wednesday's Rally Completely Forgotten
Thursday, April 10, 2014 - 3:33pm | 2616Read More...U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...
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Market Wrap For January 22: Earnings Season Continues To Come In Mixed
Wednesday, January 22, 2014 - 4:58pm | 2705Read More...Wednesday marked another day of mixed trading as investors and traders continue to find little clarity from the quarterly results released so far. With the markets being a "mixed bag" major indices ended the day little changed with the Dow ending slightly in the red and both S&P 500 and...
