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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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  • Energy And Technology Lag

    In energy news, San Jose-based company Sun Power Corporation (NASDAQ:SPWR) is having a rough day of trading on Monday. The company is currently down 9.97% at $7.86. SunPower Corporation(SPWR) is coming off of a third quarter that saw net profit margin losses of 7.6% and operating margin losses of 11.41%. The company saw its stock surge after the sale of its project. Sun Power Corporation is an energy company that specializes in the manufacturing and sale of vertically integrated solar products and services. The company is headed by Thomas Werner who currently serves as Presdent and Chairman of the Board.

    In real estate news, Zillow Inc. (NASDAQ:Z) is posting a strong day in trading. The company which specializes in providing information online about the real estate marketplace is currently up 8.28% at $32.07. The surge in the stock comes as the firm announced that Chris Crocker will join the firm as the Vice Presdent of Strategic Partnerships for the firm. Chris Crocker formerly served as the regional V.P of Operations for NRT, a prominent real estate brokerage firm in the south. Many view this move as a step in the right direction for the real estate firm going forward.

    In mortgage news, Nation Star Mortgage Holdings Inc. (NSM) is currently having a robust day of trading. The company is currently trading up 16.52% at $38.73. The company's uptick in stock comes as the firm announced that it will purchase $215 billion in mortgage assets from Bank of America. News of the purchase sent the company's stock up as many see upcoming opportunities for the firm on the horizon with the acquisition of these assets. Nation Star Mortgage Holdings Inc. (NYSE:NSM) is a Lewisville, Texas based firm that provides mortgage products to 645,000 consumers around the country.

    In technology news, San Diego based company Illumina Inc. (ILMN) is currently trading down on Monday. The stock is currently down 6.83% at $50.95. The dip in the stock comes after the firm announced that it will be acquiring Verinata Healt Inc. a prenatal testing company for up to $450 million. News of the acquisition sent the stock trading sharply down as many investors are skeptical about the long term gains that the purchase will have for the firm. Illumina Inc. (NASDAQ:ILMN) is a manufacturer of life sciences tools and integrated systems. The company's third quarter net profit margin was 10.41% and its operating margin for the quarter was 11.41%.

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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.

    Jan 08 11:22 AM | Link | Comment!
  • Energy Posts Strong Day; Technology Produces Mixed Results

    In technology news, Accuray (ARAY)is having a rough day of trading on Friday. The company is currently trading down 18.88% at $5.50. This drop in trading comes after the firm announced that it plans to cut 13% of its workforce amidst decreasing expectations. This announcement was also coupled with a downgrade of the stock by J.P Morgan Chase. The negative news sent the stock trading sharply down as many view these moves as a sign of a looming underperformance for the firm. Accuray (NASDAQ:ARAY), based out of Sunnyvale, California specializes in providing radiosurgery services. The company is coming off of a third quarter net profit margin loss of 43.79%.

    In Communications news, Acme Packet (NASDAQ:APKT) is having a strong day of trading on Wall Street. The company is currently trading up 11.65% at $23.87. The company's strong stock performance on Friday comes after analyst firm Stifel Nicolaus upgraded the stock from "hold" to "buy". The company is coming off of a third quarter that saw a net profit margin loss of 8.44%. Acme Packet (APKT) is a Bedford, Massachusetts based firm that specializes in providing delivery network solutions for which facilitate video, voice and data communications.

    In energy news, SolarCity Corporation (NASDAQ:SCTY) is showing signs of strength with its strong performance in trading. The company is currently trading up 13.52% at $14.78. The company's positive trading day comes on the heels of an announcement by billionaire Elon Musk, chairman of the board, that installations are expected to increase 60% in the new year. This news sent the stock trading sharply up as many view its expected growth as a sign of strength of good things to come for the company. SolarCity Corporation (SCTY) is an energy provider focused on the manufacturing, design and installation of solar energy systems. The company is based out of San Mateo, California and posted third quarter net profit margin losses of 90.83%.

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    In social media news, Zynga Inc.(NASDAQ:ZNGA) is having a modest, but respectable day of trading. The company is currently up 8.67% at $2.21. This comes on the heels of the company announcing a series of contractionary moves including cutting 11 of its games, cutting costs and consolidating its operations. Many view the move as a sign of a more efficient company ready to take on challenges in the new year. News of the move sent stocks trading up. Zynga Inc. (ZNGA) is a social media company that specializes in providing online games that are played by millions each year. The company is based out of San Francisco, California.

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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.

    Jan 08 11:16 AM | Link | Comment!
  • Solar Companies ‘power' Ahead On Path Breaking Deal; Stage Stores Disappoints With December Sales

    DK Solar Company Ltd. (NYSE:LDK), the Chinese solar product major entered into an agreement with Shanghai Qianjiang Group to sell its loss making LDK Anhui asset for RMB 25 million which is around $4.01million.

    The Anhui unit had long been underperforming and was on a path to insolvency. It had negative net assets of nearly $54 million while the balance sheet had a huge $485 million debt. The asset-to-liability ratio was 107%. Read more on the deal here.

    Shares of the company rose significantly by more than 24% to touch $1.97 as the market cheered the sale.

    Overall the solar stocks were doing well as Trina Solar Limited (TSL) also moved up by $0.95 or 21% to trade at $5.43 on massive volumes of nearly 8 million shares. The rally was triggered by SunPower's $2.5 billion deal with MidAmerican Solar, indirectly owned by Berkshire Hathway and Warren Buffet. Read more on the deal here.

    Trina Solar Limited is another Chinese solar products maker, founded in 1997 and headquartered in Changzhou in China. TSL, like LDK, makes and sells photovoltaic (PV) modules worldwide.

    In the biotech space, investors in Amicus Therapeutics Inc. (NASDAQ:FOLD) had a bit of a respite after the mauling of last week when its key drug, Fabry, disappointed; as the stock rose nearly 17% to trade at $3.32 on a strong volume of more than 3 million shares.

    The company has ambitious ideas of assisting proteins in reducing cell stress and enhancing cellular function by developing small molecule drugs which selectively bind to the target protein, enhance the stability of the protein, help it fold into the three-dimensional shape, and thus help protein activity. Its drugs are to be used for the treatment of lysosomal storage disorders and diseases of neurodegeneration.

    In the telecom space, Allot Communications Limited (NASDAQ:ALLT) plummeted by more than 24% as Oppenheimer & Co. said the Israel-based maker of network products which track wireless traffic is likely to report fourth-quarter sales and profit below average estimates. Read more on the story here.

    The stock was trading at $13.78, down by $4.50, on volumes more than 12 times the daily average.

    Also in the technology space, Procera Networks Inc. (NASDAQ:PKT) is a company which provides intelligent policy enforcement solutions based on deep packet inspection technology that enable mobile and broadband network operators and entities to manage private networks. On Thursday, the company stock was trading significantly down by 10% as it reached $17.45, down $2.09 in intra-day trade.

    Also on Thursday, Stage Stores Inc. (SSI) reported that total sales for the five week December period ended December 29, 2012 increased 5.0% to $287 million from $273 million in the prior year five week December period ended December 31, 2011. Comparable store sales for the December period increased 2.7%. For more details, click here. The market though, was not impressed as the SSI lost more than 9% to trade at $22.47, down $2.32 for the day.

    Stage Stores, Inc. operates department stores and off-price stores in the United States. It operates department stores under the Bealls, Goody's, Palais Royal, Peebles, and Stage names that offer brand name and private label apparel, accessories, cosmetics, and footwear for the family.

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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.

    Jan 08 11:00 AM | Link | Comment!
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