| Yesterday |
| 04:40 AM |
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Earnings highlights: Dell, Foot Locker, Gap, Lowe's, Saks, Target ...
BloggingStocks: Here are some highlights from this past week's earnings coverage on BloggingStocks:
ADC Telecommunications Inc. (ADCT) posted a surprise net loss for Q4 and predicted a loss in Q1.
BJ's Wholesale Club Inc. (BJ) shares fell after Q3 earnings ... Read more
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BloggingStocks
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| Friday, November 20, 2009 |
| 10:24 PM |
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Dell's profit plunge adds to fears
US stocks edged lower yesterday after disappointing results from Dell added to fears this week that the economic recovery was faltering. The second-largest personal computer maker said profits had plunged 54 per cent during the third quarter. The company has gradually lost market share to rivals such as Hewlett-Packard ,...
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News items | BNET
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| 10:24 PM |
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Dell's profit plunge adds to fears
US stocks edged lower yesterday after disappointing results from Dell added to fears this week that the economic recovery was faltering. The second-largest personal computer maker said profits had plunged 54 per cent during the third quarter. The company has gradually lost market share to rivals such as Hewlett-Packard ,...
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BNET articles | BNET
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| 06:47 PM |
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(ADCT) ADC Telecommunications Dips on Weak Outlook
Yesterday, after market close, ADC Telecommunications Inc. (ADCT) declared financial results for the fourth quarter of fiscal 2009. Earlier, the Board of Directors of ADC had taken a decision to change its fiscal year from Oct 31 to Sep 30. As a result, fiscal year 2009 ended on Sep 30, 2009, which means the company [...]
(ADCT) ADC Telecommunications Dips on Weak Outlook
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Stock Blog Hub
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| 05:29 PM |
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Today's Biggest Decliners (DHI, HAWK, NVAX, RUTH, ADCT, DELL)
D.R. Horton (NYSE: DHI) had a really bad trading session today in which it lost 15.35%. The home builder's foundations were shaken after it posted bad earnings report. It had a huge volume of $35.88M in comparison to its average volume of $8.37M.
Seahawk Drilling, Inc. (NASDAQ:HAWK) declined 14.35% to $22.57. It had a volume of $1.21M.
Novavax, Inc. (NASDAQ: NVAX) fell 13% at $3.28 after announcement that a price for its public offering of 6.8 million common shares is $3.30 each.
After moving sideways for a while Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) dropped 12.04% to $2.41. RUTH had a volume of $2.23M and its market capitalization is $58.26.
Investors reacted badly on the ADC Telecommunications' (NASDAQ: ADCT) earnings report. ADC Telecommunications (ADCT) posted a loss of 20 cents per share and its stock fell 10.99% to $5.91.
Dell Inc. (NASDAQ: DELL) posted disappointing results and dropped 9.96%. DELL also dragged down other stocks in the tech sector.
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Benzinga
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| 04:24 PM |
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Investor Plants WFC Short Straddle - Set to Bloom in April 2010
Today’s tickers: WFC, IYT, RYL, YHOO, XLE, MU, ADCT, KBH, DELL, NE & GPS
WFC - Wells Fargo & Co. – Shares of the financial holding company surrendered 1.5% today to stand at $27.88. One investor initiated a sold straddle on WFC in the April 2010 contract. The trader sold 10,000 calls at the April 32 strike for 1.59 apiece in conjunction with the sale of 10,000 now in-the-money puts at the same strike for 5.81 each. The gross premium on the transaction amounts to 7.40 per contract. The investor will retain the full premium if shares settle at $32.00 by expiration. The premium received acts as a buffer against losses in the event that shares swing in either direction away from the $32.00-level. However, the trader will accumulate losses if shares breach the upper breakeven price of $39.40, or if shares decline beneath the lower breakeven point at $24.60, by expiration in April.
IYT - iShares Dow Jones Transportation Average Index ETF – The exchange-traded fund, which measures the performance of the transportation sector of the U.S. equity market, appeared on our ‘hot by options volume’ market scanner this afternoon after one investor initiated a bearish put play. Shares of the fund moved 0.5% lower to $70.53 during the session. The trader established a put spread by purchasing 5,000 puts at the December 70 strike for 1.80 each, and by selling the same number of puts at the lower December 65 strike for 40 cents apiece. The net cost of the trade amounts to 1.40 per contract and provides downside protection beneath the breakeven price of $68.60 down to $65.00 through December’s expiration.
RYL - The Ryland Group, Inc. – Shares of homebuilder and mortgage-finance company, Ryland Group, declined nearly 4% this afternoon to stand at $18.86. Investors exchanging options on the stock today spread pessimistic sentiment through to expiration December. Traders sold 10,000 calls at the December 19 strike for an average premium of 1.10 apiece. The full 1.10 premium pocketed by investors is retained in full as long as shares of RYL remain below $19.00 through expiration day. Call-sellers do not seem to expect that shares of Ryland will recover before the start of 2010.
YHOO - Yahoo!, Inc. – We observed two different option strategies in play on Yahoo this afternoon. A large-volume sold strangle in the January 2011 contract suggests shares are likely to remain stagnant through expiration. The transaction involved the sale…

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Phil’s Stock World
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| 04:23 PM |
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Equities Update: Tech, Builders Pressure Markets
Brooks McFeely submits:4:08 PM, Nov 20, 2009 -- - DJIA down 14.28 (0.14%) to 10,318.16.
- S&P 500 down 3.52 (0.32%) to 1,091.38.
- Nasdaq down 10.78 (0.50%) to 2,146.04.
GLOBAL SENTIMENT Complete Story »
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Seeking Alpha
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| 04:17 PM |
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ADC Telecommunications Drops on Losses, Outlook
ADC Telecommunications (ADCT) stock dropped Friday after it reported a fourth-quarter loss and forecast lower than expected earnings in the first quarter of the next fiscal year. 
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FOXBusiness.com
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| 01:35 PM |
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Options Intelligence Report: Energy Sector Option Player Predicts Slippage With Butterfly Combo
Today's tickers: XLE, MU, ADCT, KBH, DELL, NE & GPS [More...]
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home: iStockAnalyst....
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| 01:10 PM |
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Friday Options Update: XLE, MU, ADCT, KBH
Energy Select Sector SPDR (XLE) – The exchange-traded fund, which mirrors the performance of the Energy Select Sector of the S&P 500 Index, popped up on our ‘most active by options volume’ market scanner after a butterfly spread unfurled its wings in the December contract. Shares of the XLE are off 1.5% to stand at the current price of $56.30. The spread indicates one bearish investor expects shares of the fund to gravitate lower by expiration next month. The trader established the pessimistic play by purchasing 5,300 in-the-money puts at the December 57 strike for a premium of 2.47 apiece [wing 1] and by picked up another 5,300 puts at the lower December 51 strike for 66 cents premium each [wing 2]. Finally, the trader sold 10,600 puts at the central December 54 strike for a premium of 1.27 apiece [body].The net cost of the transaction amounts to 59 cents per contract and yields maximum potential profits of 2.41 each if shares settle at $54.00 by expiration. Profits begin to amass if shares slip beneath the breakeven point at $56.41. Micron Technology, Inc. (MU) – Options activity on the manufacturer of semiconductor devices suggests shares may recover slightly by expiration in December. Micron’s share price suffered significant declines throughout the latter portion of the trading week, and continued lower today by 1.25% to $7.03. Bank of America’s downgrade of the sector was largely responsible for a more than 4% slide on Thursday. A ratio bullish risk reversal by one investor offers a glimmer of optimism on the stock. It appears the trader sold 10,000 puts at the December 7.0 strike for 45 cents premium in order to offset the cost of buying 20,000 calls at the higher December 8.0 strike for 15 pennies apiece. The investor pockets a net credit of 15 cents per contract, which he retains in full as long as shares remain higher than $7.00 through expiration. Additional profits are available in the event that the stock rallies 14% from the current price to surpass the breakeven point at $8.00. Complete Story »
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Seeking Alpha
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| 12:37 PM |
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ADC Reports Loss
ADC Telecommunications Inc. (Nasdaq: ADCT) announced a modest quarterly loss, but investors were worried about weak fourth quarter demand from major telecom carriers. The stock price lost 74 cents to $5.89. ...
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Market News
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| 12:16 PM |
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Unusual 11 Mid-Day Movers 11/20: GGR, TTIL, INO, NLST Higher; EFUT, HAWK, ADCT, DHI Lower
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5130005 for the full story.
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StreetInsider
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| 12:03 PM |
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ADC Dips on Weak Outlook – Analyst Blog
Yesterday, after market close, ADC Telecommunications Inc. ( ADCT) declared financial results for the fourth quarter of fiscal 2009. Earlier, the Board of Directors of ADC had taken a decision to change its fiscal year from Oct 31 to Sep 30. As a result, fiscal year 2009 ended on Sep 30, 2009, which means the company got only two months as its fourth quarter. The fourth quarter of fiscal 2009 would, therefore, not be comparable to either the prior-year quarter or the previous quarter. For this reason, management has presented pro forma results for the three month period ending Sep 30 and its comparable quarter.
Actual revenue of fourth quarter 2009 was $183.9 million, below the Zacks Consensus Estimate of $189 million. Quarterly pro forma revenue was $293.6 million, down 17.5% year-over-year. This significant decline in revenue is the result of the global economic recession across all the three business segments.
On a GAAP basis, net loss in the quarter was $19.8 million or a loss of 20 cents per share compared to a net loss of $5.6 million or a loss of 5 cents per share in the prior-year quarter. However, adjusted net income (excluding $25.5 million special charges and $0.6 million loss from discontinued operations, net of taxes) in the reported quarter was $6.3 million or an income of 6 cents per share, higher than the Zacks Consensus Estimate of an income of 4 cents per share.
Pro forma gross margin for the quarter was 34.6% compared to 33% in the year-ago quarter. This reflects the aggressive cost cutting measures taken by management during the past one year. Pro forma quarterly operating expenses were $113 million compared to $106.2 million in the prior-year quarter.
At the end of the quarter, ADC had $610.9 million of cash & marketable securities on its balance sheet compared to $680.5 million at the end of the prior-year quarter. Total debt was $651.6 million at the end of the same quarter compared to $653.3 million at the end of the year-ago quarter. Pro forma cash flow from operations during fiscal 2009 was $86 million compared to $132 million in the previous fiscal. Pro forma yearly free cash flow (cash flow from operation less capital expenditure) was $54 million compared to $94.9 million in the previous fiscal.
Global Connectivity Solutions Segment
Actual revenue in the quarter was $143.3 million. Pro forma quarterly revenue was $228 million, down 18.8% year-over-year and also down 2% sequentially. This segment continues to generate the bulk (78%) of total revenue. Out of this, Fiber Connectivity accounted for 30%, Copper Connectivity 29%, Enterprise Connectivity 16%, and the rest 3% was provided by Wireline Connectivity products.
Network Solutions Segment
Actual revenue in the quarter was $13.5 million. Pro forma quarterly revenue was $23.8 million, down 21.7% year-over-year but up 6.3% sequentially.
Professional Services Segment
Actual revenue in the quarter was $27.1 million. Pro forma quarterly revenue was $41.8 million, down 6.7% year-over-year but up 12.6% sequentially.
Future Financial Outlook
Management has guided that its net sales in the first quarter of fiscal 2010 will be within the range of $250 million to $275 million, well below the Zacks Consensus Estimate of $271 million. The company is expecting a significant decline in telecom carrier spending during the first quarter. On a GAAP basis, EPS is expected within the range of a loss of 15 cents to a loss of 5 cents, which includes non-cash amortization expense of 5 cents per share and excludes potential non-cash charges or restructuring charges. This is also well below the Zacks Consensus Estimate of an income of 9 cents per share. Read the full analyst report on "ADCT"Zacks Investment Research
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Stock Market News & ...
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| 11:37 AM |
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ADC Telecomunications (ADCT) Falls on Q4 Loss, Q1 Forecast
ADC Telecomunications (NasdaqNM: ADCT) opened at $5.55. So far today, the stock has hit a low of $5.35 and a high of $5.93. ADCT is now trading at $5.67, down $0.97 (-14.61%). Over the last 52 weeks the stock has ranged from a low of $2.47 to...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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MarketIntelligenceCe...
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| 10:55 AM |
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Notable Analyst Rating Changes for 11/20: STP, HES, DDS, LINTA Upgraded; PFG, CSX, VRSN, BOFL, D, ADCT Downgraded
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5129726 for the full story.
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StreetInsider
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| 10:21 AM |
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Morning Movers 11/20: TTIL, INO, SRLS, NLST, ZUMZ Higher; EFUT, BOFL, HFFC, ADCT, AMFI Lower
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5129613 for the full story.
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StreetInsider
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| 10:04 AM |
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Craig-Hallum Downgrades ADC Telecom (ADCT) to Accumulate
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5129561 for the full story.
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StreetInsider
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| 09:57 AM |
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Biggest Losers (EFUT, HFFC, DRYS, DELL, VOD, BCRX, ADCT, CHOP)
eFuture Information Technology Inc. (NASDAQ: EFUT) moved down 28% to $7.20 in the morning trading hours after EFUT announced its financial results for the second quarter ended June 30, 2009. The 52 week trading range for EFUT is $2.51 - $13.84.
HF Financial Corp. (NASDAQ: HFFC) is currently trading at $8.20, declined by $1.55 or 15.90% on 35K shares in the morning trading hours after HF Financial announced the pricing of its public offering Of 2.5 million common shares at $8.00 per share.
DryShips Inc. (NASDAQ: DRYS) declined 3.37% to $6.31 on 7.28 million shares. So far this year, DRYS is down over 40%. The 52 week trading range for DRYS is $2.72 - $17.35. Yesterday, DryShips Inc. announced the pricing of its $400 million convertible senior notes offering.
Dell Inc. (NASDAQ: DELL) plummeted 8.19% to $14.55 on 2.28 million shares. Yesterday, Dell reported net income of $337 million or $0.17 a share as compared to $727 million or $0.37 a share, a year ago quarter. In the last six months, DELL gained over 26%.
Vodafone Group Plc (ADR) (NASDAQ: VOD) tumbled 1.77% to $22.15 on 834K shares after The 52 week trading range for VOD is $15.46 - $23.85. Vodafone Spain has appointed Cristina Rivas Saiz as its marketing director for the enterprise business unit in Spain. In the last six months, VOD gained over 18%.
BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) plunged 6.54% to $9.72 on 1.09 million shares. Yesterday, BioCryst Pharmaceuticals announced pricing of a public offering of 5,000,000 shares of its common stock at $9.75 per share. So far in 2009, BCRX gained over 609%.
ADC Telecommunications (NASDAQ: ADCT) declined 14% to $5.69 on 1.38 million shares. Yesterday, ADC Telecommunications reported that it lost $19.2 million in the fourth quarter. So far this year, ADCT is up only 4%.
Golden Green Enterprises Ltd (NASDAQ: CHOP) is another stock down 5.51% and now trades at $5.15, on 136K shares. In the last six months, CHOP gained only around 2%.
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Benzinga
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| 08:45 AM |
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Stocks Open Lower as Tech Sector Retreats
Investors continued to cash in on recent gains as technology companies lowered their outlook. The Dow lost 15 points to 10,317 while Nasdaq dropped a steeper 16 points to 2140
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MarketMinute.com Mar...
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| 08:00 AM |
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ADC Telecom (ADCT) drops sharply on Q4 loss, Q1 forecast
BloggingStocks: ADC Telecommunications (ADCT - option chain) stock is trading lower today after the company posted a fourth-quarter loss last night of $19.8 million, or 20 cents per share, on revenue of $183.9 million. ADCT also forecast a first-quarter adjusted ... Read more
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BloggingStocks
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More All For ADCT
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