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After falling AH yesterday due to weak FQ2 results and FQ3 guidance, beaten-down Cree (CREE...

After falling AH yesterday due to weak FQ2 results and FQ3 guidance, beaten-down Cree (CREE +1.7%) has turned positive in early trading. Possibly helping are bullish comments from Canaccord; the firm sees the LED industry's excess supply being absorbed this year by growing backlighting demand, and growth returning next year thanks to lighting demand. LEDS +3%. RBCN +2.2%. (transcript)
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