Friday, July 8, 2011

Focus Stocks: NVDA, YGE, LOCM, MWW

NVIDIA Corp. (NASDAQ: NVDA) dropped nearly 1% on Friday following reports of a possible delay in two key launches. NVIDIA had originally planned to unveil its 28nm GPU architecture at the end of 2011 and 22/20nm sometime in 2013 but now sees these units shipping in 2012 and 2014, respectively.

Yingli Green Energy (NYSE: YGE) slumped more than 2% after Goldman Sachs downgraded the company to Sell from Neutral. The firm also slashd its price target on the stock to $8 from $11.90. In a research note to clients, the firm stated that while it likes Yingli's "management team's solid operation track record, we are concerned about the greater earnings vulnerability of YGE vs. its peers." Corp. (NASDAQ: LOCM) jumped more than 20% after the company said that it has entered into a two-year agreement with Internet search giant Google Inc. (NASDAQ: GOOG) to implement "certain advertising and search services

Monster Worldwide, Inc. (NYSE: MWW) sank more than 5% after the Commerce Department reported that nonfarm payrolls rose by only 18,000 in June, well below the 125,000 gain expected by economists. The unemployment rate ticked higher to 9.2% in June from 9.1% in the previous month, reaching the highest level since December. Economists had expected the unemployment rate to remain steady.

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