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If you are a fan of and an investor in the mobile web via smartphones and portable devices, then you do not even have to be a dedicated fan of Jim Cramer to become a fan of Jim Cramer for at least the time being. On tonight’s MAD MONEY on CNBC, Cramer endorsed this move to the mobile web as the next investor opportunity as huge opportunity for many companies in the space. But he also noted that he wants to buy the tech companies on pullbacks as he thinks the market for technology stocks is taking a little breather here. Cramer believes that there is room for all of these major companies to make major cash as a result of the switch to newer and fast smartphones and mobile web devices. He thinks there is room for all companies like Apple Inc. (NASDAQ: AAPL) for the iPhone, Research in Motion (NASDAQ: RIMM) for the Blackberry, and Palm Inc. (NASDAQ: PALM) for the new Pre smartphone. He also noted QUALCOMM Inc. (NASDAQ: QCOM) as a winner in the space.
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Posts for Ticker ‘RFMD’
Cramer’s Mobile Web & Digital TV Stocks (AAPL, RIMM, PALM, QCOM, ADI, BRCM, MRVL, RFMD, SNDK, STAR, SWKS, TXN, RSH)
NASDAQ Offers Life To Hundreds of Stocks (NDAQ, CHTR, FNSR, LVLT, OPWV, PEIX, PWAV, PWAV, RFMD, SANM, SIRI, SPSN)
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is making it easier for the army of relatively new penny stocks to maintain their listings on NASDAQ. The exchange filed with the SEC to extend its suspension of the rules requiring a minimum $1.00 bid price and its minimum market value of publicly held shares. This was initially set to expire in January, but the terms will now be extended until Monday, April 20, 2009. With as many stocks that have violated that $1.00 mark in recent weeks and months, this is hardly a surprise and it would even go against the exchange’s own interests to boot this many stocks off the exchange.
We ran a screen for NASDAQ stocks with active trading volume, share prices under $1.00, and those which have traded over $1.00 in the last 52-weeks. Some of the most usual suspects here are as follows:
Pre-Market Analyst Upgrades & Downgrades (ADSK, CVA, SFD, MMM, ATU, BLK, CBEY, ITW, RFMD, ROP, UPS)
These are some of the top pre-market analyst upgrades and downgrades we are seeing this Tuesday morning:
- AutoDesk (ADSK) Started as Buy at KeyBanc.
- Covanta (CVA) Started as Buy at Jefferies.
- Smithfield Foods (SFD) Raised to Buy at Deutsche Bank.
- 3M (MMM) Cut to Underweight at Barclays.
- Actuant (ATU) Cut to Neutral at Baird.
- BlackRock (BLK) Cut to Market Perform at Wachovia.
- Cbeyond (CBEY) Cut to Underperform at Jefferies.
- Illinois Tool Works (ITW) Cut to Underweight at Barclays.
- RF Micro Devices (RFMD) Cut to Neutral at UBS.
- Roper (ROP) Cut to Hold at Citigroup.
- UPS (UPS) Cut to Neutral at JPMorgan.
Jon C. Ogg
December 9, 2008
The 52-Week Low Club (OREX)(RFMD)(BRY)(CLR)(AES)
Orexigen Therapeutics (OREX) Trouble with mid-stage drug trials. Drops to $1.55 from 52- week high of $15.63.
Rf Microdevices (RFMD) Cuts guidance sharply. Falls to $.74 from 52-week high of $6.
Berry Petroleum (BRY) Hit by brokerage downgrade. Sells down to $6.50 from 52-week high of $62.15.
Continental Resources (CLR) Crude oil industry supplier in falling market. Dips to $13.01 from 52-week high of $83.81.
AES (AES) Company being accused of fraud. Down to $5.80 from 52-week high of $22.54.
Douglas A. McIntyre
Major Short Selling Changes in Semiconductors (AMD, ALTR, AMAT, BRCM, INTC, MRVL, NVDA, ONNN, QCOM, RFMD, SNDK, TXN)
There was a very mixed bag in short selling in the semiconductor sector. What was interesting was the huge increase in the bets against NVIDIA because it was so far after the drop. Most semiconductor short interest changes were single digit changes, but there were some like Intel (INTC), Broadcom (BRCM), and Marvell (MRVL) which saw double-digit declines in the short selling.
Semiconductors Aug 29 Aug 15 Change
Advanced Micro Devices (AMD) 96,448,009 93,448,833 3.21%
Altera Corporation (ALTR) 24,489,350 27,131,688 -9.74%
Applied Materials (AMAT) 35,667,917 38,882,398 -8.27%
Broadcom Corporation (BRCM) 18,665,240 21,124,120 -11.64%
Intel Corporation (INTC) 68,683,066 82,558,529 -16.81%
Marvell Technology (MRVL) 27,344,321 34,936,078 -21.73%
NVIDIA Corporation (NVDA) 47,152,516 22,476,738 109.78%
ON Semiconductor (ONNN) 45,366,451 46,383,159 -2.19%
QUALCOMM Inc. (QCOM) 28,468,030 27,539,572 3.37%
RF Micro Devices (RFMD) 25,883,073 26,620,564 -2.77%
SanDisk Corporation (SNDK) 28,764,413 27,813,854 3.42%
Texas Instruments (TXN) 24,653,691 26,440,098 -6.76%
Jon C. Ogg
September 11, 2008
RFMD Comments Falling on Deaf Ears (RFMD, NOK)
RF Micro Devices, Inc. (NASDAQ: RFMD) is trying to dispute industry woes being seen at other mobile and communication chipset companies. This may sound important as its customers or its customers’ peers are starting to warn of revenue shortfalls ahead. The mobile and communications chipset maker said it is reaffirming its previous guidance today at a Morgan Keegan conference for the September quarter after its guidance of July 29.
Shorts Stage Big Retreat From Tech Shares (AAPL)(SIRI)(MSFT)(YHOO)(INTC)(CSCO)
According to Nasdaq data for the period ending April 15, short sellers moved aggressively out of tech shares. The figure compare with those posted on March 31.
The short interest in Microsoft (MSFT) fell 9.3 million to 109.1 million, perhaps on hopes that it will lower or drops its bid for Yahoo! (YHOO). Shares short in Intel (INTC) dropped 7.3 million to 55.9 million. The chip company’s results showed that PC sales were not slowing as much as has been expected. Shares short in Cisco (CSCO) dropped 6.8 million to 62.9 million. Shares short in RF Micro (RFMD) dropped 4.9 million to 28.7 million and shares short in Finisair (FNSR) fell 6.8 million to 15.8 million.
Shares sold short in Level 3 (LVLT) moved down 6.7 million to 237.2 million. When the company posted earnings a short squeeze appears to have helped shares rally.
Shares short in Apple (AAPL) fell 3.6 million to 18.4 million ahead of its strong earnings.
In the internet sector, shares short in Yahoo! (YHOO) dropped 5.1 million to 36.1 million, perhaps on hopes that Microsoft will raise its offer. Shares short in Ebay (EBAY) fell 4.9 million to 26.2 million.
Short sellers bet right on Starbucks (SBUX) moved up 4.9 million to 39.8 million on a bet which paid off when the company pre-announced poor numbers.
Some investors clearly think there is no turnaournd at Dell (DELL) coming.Short interest in the company jumped 7.2 million to 49 million. Short sellers also see another set of bad numbers coming out of Sun Microsystems (JAVA). Shares sold short in the company moved up 6.9 million to 33 million.
And, a number of investors showed that they do not think a merger will do much for Sirius (SIRI). Shares sold short in the company moved up 20.2 million to 157.9 million
Data from Nasdaq
Douglas A. McIntyre.
Top 10 Pre-Market Analyst Calls (ANF, ATI, BCS, DTV, LVLT, MFB, RFMD, QLTI, TTWO, TRLG)
These are ten of the top calls we are seeing that could impact shares early this Thursday morning:
- Abercrombie & Fitch (NYSE: ANF) started as Market Perform at Morgan Keegan.
- Allegheny Tech (NYSE: ATI) Cut to Neutral From Buy at Goldman Sachs.
- Barclays (NYSE: BCS) cut to Neutral at Collins Stewart.
- DIRECTV (NYSE: DTV) downgraded to Market Perform at Bernstein.
- Level 3 Communications (NASDAQ: LVLT) raised to Neutral from Sell at Merriman Curhan Ford.
- Maidenform Brands (NYSE: MFB) Cut to Sell from Neutral at UBS.
- RF Micro Device (NASDAQ: RFMD) raised to Buy at Jefferies.
- QLTI Inc. (NASDAQ: QLTI) raised to Outperform at RBC Capital.
- Take-Two Interactive (NASDAQ: TTWO) cut to Hold from Buy at Citigroup.
- True Religion Apparel (NASDAQ: TRLG) Raised to Outperform at Morgan Keegan.
Jon C. Ogg
April 24, 2008
Top 10 Pre-Market Analyst Calls (A, BBBY, BBY, DTV, ECL, EP, IBM, NTAP, LRCX, MOT, CRM)
These are not all of the calls affecting stocks, but these are the top analyst calls that 247WallSt.com is looking at this Thursday morning:
- Blockbuster (NYSE: BBI) raised to Overweight at JPMorgan.
- Borg Warner (NYSE: BWA) cut to Neutral at JPMorgan.
- Boyd Gaming (NYSE: BYD) cut to Underweight at KeyBanc.
- CDC Corp. (NASDAAQ: CHINA) started as Buy at Cantor Fitzgerald.
- Chimera (NYSE: CIM) started as Neutral at JPMorgan.
- Lear (NYSE: LEA) cut to Neutral at JPMorgan.
- RF Micro Devices (NASDAQ: RFMD) downgraded to Hold at Jefferies.
- Sotheby’s (NYSE: BID) raised to Outperform at JMP Securities.
- Western Digital (NYSE: WDC) and Seagate (NYSE: STX) were both cut to Hold from Buy at Citigroup.
- Varian (NASDAQ: VARI) raised to Buy at UBS.
Jon C. Ogg
February 28, 2008
Top 10 Pre-Market Analyst Calls (ACS, DOX, BBBY, ESRX, HD, LOW, NWA, RFMD, SHLD, UA, ADP, BE, CSC, PAYX, SAPE, HEW)
These are not the only key analyst calls that may impact stocks this Monday, but these are the ones that 24/7 Wall St. is focusing on:
- Affiliated Computer (ACS) raised to Buy from Neutral at UBS.
- Amdocs (DOX) raised to Buy from Neutral at UBS.
- Bed Bath & Beyond (BBBY) raised to Outperform from Neutral at Credit Suisse.
- Express Scripts (ESRX) downgraded to Neutral from Overweight at JP Morgan.
- Home Depot (HD) & Lowe’s (LOW) both raised to Outperform from Neutral at Credit Suisse.
- Northwest Airlines (NWA) raised to Outperform from Neutral at Credit Suisse.
- RF Micro Device (RFMD)raised to Buy from Hold at Deutsche Bank.
- Sears Holdings (SHLD) downgraded to Underperform from Outperform at Credit Suisse.
- Under Armour (UA) raised to Buy from Hold at Citigroup.
UBS Downgrades IT and Outsourcing/Business Process sector:
- Automatic Data (ADP), BearingPoint (BE), Computer Sciences Corp. (CSC), Paychex (PAYX), and Sapient (SAPE) were all downgraded from BUY to NEUTRAL;
- Hewitt Associates (HEW) downgraded from Neutral to Sell.
Jon C. Ogg
January 14, 2008
September Nasdaq Short Interest
Short interest in several large Nasdaq traded companies fell sharply in September. The figures are calculated as of September 14 and are compared to numbers from August 15, 2007.
Short interest in Level 2 (LVLT) fell 6.3 million to 123 million. Comcast (CMCSA) short interest fell 16.1 million shares to 97.2 million. Shares sold short in Yahoo! (YHOO) dropped 11 million to 51.3 million.
Stocks that saw large increases in short interest included Sun Microsystems (JAVA) where share short hit 89.5 million, up 28.5 million.
Largest Short Positions
Company Shares Short
Level 3 123 milllion shares short
Comcast 97.1 million
Charter (CHTR) 95.4 million
Microsoft (MSFT) 83.0 million
Sirius (SIRI) 81.1 million
Intel (INTC) 74.4 million
Sun 69.5 million
Yahoo! 51.3 million
Cisco (CSCO) 48.3 million
Oracle (ORCL) 43.2 million
Symantec (SYMC) 39.0 million
Amazon (AMZN) 38.2 million
Largest Increases
Sun 28.4 million
Atmel (ATML) 22.2 million
RF Micro (RFMD) 10.5 million
Network Appliance (NTAP) 8.8 million
Verisign (VRSN) 7.0 million
Take-Two (TTWO) 6.1 million
Largest Decreases
Comcast 18.1 million share decrease
Microsoft 14.1 million share decreae
Appled Materials 13.1 million
Yahoo! 11.0 million
Sirius 9.9 million
Intel (INTC) 9.8 million
Cisco 9.1 million
Data from NASDAQ and WSJ
Douglas A. McIntyre
Media Digest 7/25/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Amazon’s (AMZN) sales and earnings rose and the stock was up almost 20% after hours.
Reuters writes that the CEO of XM Satellite (XMSR) will step down next month.
Reuters writes that Honda (HMC) quarterly sales moved up and its raised guidance for the rest of the year.
Reuters reports that Microsoft (MSFT) has signed a deal with Electronic Arts (ERTS) to put advertising into some of hte game publisher’s most popular video games.
The Wall Street Journal writes that Chrysler’s bankers are beginning to discuss the chances that they cannot raise all $20 billion in loans being sought from investors.
The Wall Street Journal writes that investors are concerned that mortgage company CountryWide (CFC) cannot shield itself from the deteriorating market in home loans.
The Wall Street Journal writes that Nintendo’s profits rose four-fold in the last quarter and it raised its full-year guidance.
The New York Times writes that Toyota (TM) is testing a plug-in hybrid which would compete with products from GM (GM).
The FT writes that SAC Capital, the huge hedge fund, is considering selling 20% of itself to private interests.
The FT reports that the former CFO of YouTube will take the same position with social network site MySpace.
Barron’s reports that RF Micro Devices (RFMD) guided above Wall St. expectations.
Bloomberg reports that the short interest in Baidu (BIDU) is rising as its stock price goes up and Google (GOOG) presses to take more market share from its in China.
Douglas A. McIntyre
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