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Marcus-Goetz Laun Vice President at Chardan Capital Markets Greater New York City Area Investment Banking Previous Knight Equity Markets, HYPE North America Inc., Brean Murray & Co. Inc Education MBA, Finance at Columbia Business School
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  • Technology Shows Strength; Retail Up Despite Sandy Storm 0 comments
    Nov 30, 2012 4:10 PM

    Tellabs Inc. (NASDAQ:TLAB) received a much-needed strong trading day today. The stock is currently trading up 16.27% at $3.43. This comes in the midst of a tough year for the company that saw its stock drop to a 19 year low just last week. The dip in the stock caused the company to take action. The firm announced a buyback of its shares and also appointed Dan Kelly as its new CEO. The firm also took the additional step of issuing dividends to make the stock more attractive. The result was a tremendous uptick in the stock as analysts see the firm's latest moves as a sign of good things to come for the troubled company. Tellabs Inc. (TLAB) is a Napersville, Illinois-based company that specializes in marketing equipment and services to providers of communications services.

    In the pharmaceutical industry, Supernus Pharmaceutical Inc. (NASDAQ:SUPN) is trading down on Wall Street. The downtick in the stock comes after the firm released 6 million shares of its stock to the public for $8 per share, a 19% drop from the firm's closing price last week. The release of these shares effectively lowered the value of many shareholders which prompted a selling of the stock. The company is coming off of very positive Phase II results last week for its new drug SPN-810 which is created to treat aggression in ADHD patients. Supernus Pharmaceuticals (SUPN) is a pharmaceutical firm that focuses on developing and commercializing effective drugs for sufferers of Central Nervous System conditions.

    In retail news, Five Below Inc. (NASDAQ:FIVE) is having a very strong trading day. The firm's stock is currently trading up 15.32% at $36.20. This is good news to the firm and its investors as Five Below Inc. announced a shorter fourth quarter outlook than expected. The company cited the effects of Sandy as a reason for the shortfall. That said, the firm also posted better than expected third quarter results: Five Below Inc. posted an EPS of $.03 per share which exceed expectations of $.01 per share. Five Below Inc. (FIVE) is a retailer of merchandise for teenage and pre-teenage customers. The company is based out of Philadelphia, PA.

    Ulta Cosmetic and Salon (NASDAQ:ULTA) is a company that specializes in providing beauty products to its customers. The company based out of Illinois is currently trading up 7.35% at $100. Ulta Cosmetic and Salon is coming off a third quarter that saw a net profit margin of 7.27% and an operating margin of 11.93%. The firm is trading well today after a slightly down day yesterday when the firm announced quarterly numbers that were just below expectations.

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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