Tuesday’s Market Movers
PARD, SMTL, BRCD, DTV, CSCO, HBAN, DRYS, RIMM, INTC, YHOO, CMCSA, MPEL, SPWRA, PSUN, COMS
As of 11/17/2009 4:00 PM
Poniard Pharmaceuticals Inc. (NASDAQ: PARD) $2.48 +35.52% Updated mid-stage results of picoplatin in colorectal cancer; new phase 1 cardiac safety trial results drove Poniard Pharmaceuticals shares higher
Semitool Inc. (NASDAQ: SMTL) $11.02 +31.19% Applied Materials Inc.’s (Nasdaq: AMAT) buyout offer for Semitool
Brocade Communications Systems Inc. (NASDAQ: BRCD) $8.33 +2.33% Brocade unveils Compact NetIron CER 2000 Series Router; Company to Report Q4 and Fiscal Year 2009 Results on November 24
The DIRECTV Group Inc. (NASDAQ: DTV) $30.93 +2.05% DIRECTV expands international programming platform
Cisco Systems Inc. (NASDAQ: CSCO) $24.09 +0.92%
Huntington Bancshares Inc. (NASDAQ: HBAN) $3.81 +0.79% – Huntington Insurance Unit Expands in Michigan
DryShips Inc. (NASDAQ: DRYS) $7.05 +0.57% DryShips announced a $300 million convertible senior notes offering
Research In Motion Limited (USA) (NASDAQ: RIMM) $61.40 +0.21% Research In Motion gets a downgrade
Intel Corp. (NASDAQ: INTC) $20.32 +0.44% Intel announces seven new investments totaling $25 million
Yahoo! Inc. (NASDAQ: YHOO) $16.05 -0.12%
Comcast Corp. (NASDAQ: CMCSA) $15.51 -2.15% Comcast set to compete with ESPN at local level
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) $4.67 -3.31% Melco Crown Entertainment posts wider Q3 Loss
SunPower Corp. (NASDAQ: SPWRA) $22.19 -18.51% SunPower says it is probing possible accounting errors; shares dropped as much as 8%
Pacific Sunwear of California Inc. (NASDAQ: PSUN) $3.88 -22.55% Pacific Sunwear of California shares fell after downbeat Q4 forecast
3Com Corp. (NASDAQ: COMS) $7.50 Hewlett-Packard’s $2.7 billion buyout offer for 3Com is too low, lawsuit says
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I believe Cramer and the street are wrong about Melco. Although I do not trust the individuals running the company,I believe that this has consider upside in the short time. With Melco cornering the market so to speak in Macau,they should do well. Until LVS and WYNN,Galaxy and others catch up to Melco, I believe MPEL to be the play. Overtime, it will switch to the others unless Melco really invests big time. The problem with that is, there will then be too much competition. Melco right now is in the window of opportunity. Short term!
believe Cramer and the street are wrong about Melco. Although I do not trust the individuals running the company,I believe that this has consider upside in the short time. With Melco cornering the market so to speak in Macau,they should do well. Until LVS and WYNN,Galaxy and others catch up to Melco, I believe MPEL to be the play. Overtime, it will switch to the others unless Melco really invests big time. The problem with that is, there will then be too much competition. Melco right now is in the window of opportunity. Short term!