PMTI posts

Feed

Closing Bell: Not all earnings created equal (GOOG, BAC, GE, AMD, PMTI, JNJ)

Today's earnings were deemed a disappointment despite some bottom-line comfort here. A weaker University of Michigan Consumer Survey report kept the DJIA muted, and whether we'd close above or under the 10,000 mark was something that wasn't known until the final hour of trading.

Here were today's unofficial closing bell levels:

Dow 9,996.21 -66.73 (-0.66%)
S&P 500 1,087.71 -8.85 (-0.81%)
Nasdaq 2,156.80 -16.49 (-0.76%)

Top 10 Analyst Calls
Top Day Trader Alerts
Today's Top Rumors

Continue reading Closing Bell: Not all earnings created equal (GOOG, BAC, GE, AMD, PMTI, JNJ)

Closing Bell: When cheerleaders lose the pom-poms (AAPL, WMT, HANS, PMTI, DNDN, PALM)

The jobs data was so wide apart, that it just trough everyone for a big loop. With 9.4% unemployment rather than 9.2% and with non-farm payrolls contracting at -345,000 rather than by more than -500,00, traders had trouble on and off all day long. The BLS even denied rumors that there were errors.

Here were today's unofficial closing bell levels:

Dow 8,763.29 +13.05 (0.15%)
S&P 500 940.10 -2.36 (-0.25%)
Nasdaq 1,849.42 -0.60 (-0.03%)

Top 10 Analyst Calls

Continue reading Closing Bell: When cheerleaders lose the pom-poms (AAPL, WMT, HANS, PMTI, DNDN, PALM)

Analyst initiations: ARUN, BX and ESC

MOST NOTEWORTHY: Aruba Networks (ARUN), the aesthetic energy devices sector and Emeritus Corp (ESC) were today's noteworthy initiations:
  • JP Morgan initiated shares of Aruba Networks (NASDAQ: ARUN) with a Neutral rating. The firm believes Aruba shares are fully valued at these levels and reflects strong growth with operating leverage.Pacific Crest believes Aruba, initiated with a Sector Perform rating and $19 target, is a strong alternative to Cisco Systems (NASDAQ: CSCO) in the WLAN market and its strong position as a point vendor makes the company an attractive acquisition candidate.
  • Leerink Swann estimates the aesthetic energy devices sector is likely to experience 20% revenue growth over the next five years. The firm finds Thermage (NASDAQ: THRM) a turnaround-story which has a compelling mix of revenues from disposable tips while Cynosure (NASDAQ: CYNO) is capitalizing successfully on new product cycles with Affirm and SmartLipo. Palomar Medical Technologies (NASDAQ: PMTI) is viewed as the IP leader for hair removal products; Leerink initiated Thermage and Cynosure with Outperform ratings and Palomar with a Market Perform rating.
  • Emeritus Corp (AMEX: ESC) was initiated with a Buy rating and $33 target at Stifel, which believes ESC has one of the best cash earnings growth stories among any of the traded senior housing companies.
OTHER INITIATIONS:
  • CE Unterberg started shares of Synchronoss (NASDAQ: SNCR) with a Buy rating and $41 target.
  • Blackstone Group (NYSE: BX) was initiated with an Overweight rating and $41 target at Morgan Stanley.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 12:38 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328938732179 ms.