Palomar Suddenly Sees Exponential Trading Volume (PMTI, JNJ)
Palomar Medical Technologies Inc. (NASDAQ: PMTI) is getting hit very hard after disclosing that Johnson & Johnson (NYSE: JNJ) is dropping its partnership for its home-use light-based devices used to reduce or reshaping body fat including cellulite, reducing skin aging appearance, and the prevention of acne. Palomar stock at 10:18 AM EST is now [...]
AMD Gets Chopped Down (AMD)
Advanced Micro Devices Inc. (NYSE: AMD) is getting lashed this morning as shares are down 5.8% at $5.83 As of 8:31 AM EST we have seen only about 350,000 shares trade versus a 27 million share average. This one fell by 3.72% to $5.96 last night, but on some 8,237,097 shares after earnings. This one [...]
Profit Taking Hits GE After Dull Earnings (GE)
General Electric Co. (NYSE: GE) posted earnings that beat Thomson Reuters consensus figures on the surface: $0.27 EPS vs $0.20 estimates, but this translates to a 44% drop in profits. Revenue was down 20% at $37.8 billion vs. estimates of $39.5 billion. The problem continues continues to be GE’s finance unit and reports of a [...]
BofA Lists Lower (BAC)
Bank of America Corporation (NYSE: BAC) is getting shelled after the troubled banking giant missed earnings expectations from Thomson Reuters with -$0.26 EPS vs. -$0.21 EPS estimates and revenue of $26.04 billion vs. $27.61B estimates. BofA also added $2.1B billion to it credit loss reserves as credit costs remain high. BofA did note a leveling [...]
Google Taking On New 52-week Highs (GOOG)
Google Inc. (NASDAQ: GOOG) traded up after the king of internet search posted better than expected earnings and better than expected revenues and ended the quarter with some $22 billion in cash. There are many analyst price target upgrades seen: Stifel Nicolaus raised target to $650; UBS raised target to $635; JPMorgan raised target to [...]
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