Archive for October 16th, 2009

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 [...]