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   Technology StocksSemi Equipment Analysis

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To: Return to Sender who wrote (71756)3/2/2016 8:10:09 PM
From: Return to Sender
2 Recommendations   of 90802
 
84% Upside Volume on the NYSE. The numbers below for the WSJ:

online.wsj.com

Wednesday, March 02, 2016
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.
NYSE Latest close Previous close Week ago
Issues traded 3,213 3,214 3,204
Advances 2,083 2,596 2,011
Declines 1,046 568 1,110
Unchanged 84 50 83
New highs 54 74 46
New lows 15 24 73
Adv. volume* 902,114,603 882,106,846 580,866,703
Decl. volume* 186,009,692 241,266,212 447,461,374
Total volume* 1,093,344,880 1,128,740,294 1,041,947,452
Closing tick +173 +445 +335
Closing Arms (TRIN)† 0.37 1.56 1.37
Block trades* 7,215 7,202 6,147
Adv. volume 3,896,165,787 3,558,034,962 2,408,143,790
Decl. volume 721,825,693 1,216,385,990 1,818,795,951
Total volume 4,635,172,694 4,793,931,943 4,277,695,915
Nasdaq Latest close Previous close Week ago
Issues traded 2,944 2,930 2,926
Advances 1,892 2,143 1,783
Declines 969 713 1,032
Unchanged 83 74 111
New highs 32 37 21
New lows 33 51 101
Closing tick +183 +280 +303
Closing Arms (TRIN)† 0.80 0.66 0.87
Block trades 7,261 7,536 7,257
Adv. volume 1,330,154,570 1,679,234,471 1,285,852,057
Decl. volume 546,827,865 368,134,064 647,413,212
Total volume 1,890,492,395 2,059,299,789 1,953,431,414
NYSE MKT Latest close Previous close Week ago
Issues traded 370 370 368
Advances 238 207 210
Declines 118 145 137
Unchanged 14 18 21
New highs 5 12 9
New lows 6 8 14
Adv. volume* 6,455,382 3,264,539 7,580,628
Decl. volume* 953,223 5,767,498 2,448,875
Total volume* 7,585,487 9,106,618 10,250,208
Closing tick +25 +26 +40
Closing Arms (TRIN)† 0.23 1.88 0.51
Block trades* 63 77 106
Adv. volume 55,005,556 32,678,067 62,039,830
Decl. volume 6,342,669 43,036,092 20,814,246
Total volume 62,398,165 76,384,879 84,545,755
NYSE Arca Latest close Previous close Week ago
Issues traded 1,404 1,423 1,406
Advances 1,030 1,080 821
Declines 354 333 552
Unchanged 20 10 33
New highs 17 12 10
New lows 8 9 24
Adv. volume* 303,015,305 319,488,913 248,205,773
Decl. volume* 64,562,416 107,229,523 154,979,075
Total volume* 368,003,640 426,775,712 408,769,682
Closing tick +207 +214 +69
Closing Arms (TRIN)† 0.84 1.14 0.83
Block trades* 2,156 2,335 2,258
Adv. volume 1,242,234,577 1,347,301,967 1,113,150,939
Decl. volume 360,331,548 474,586,968 621,723,401
Total volume 1,608,222,361 1,825,886,654 1,766,010,875

*Primary market NYSE, NYSE MKT or NYSE Arca only. †Compares the ratio of advancing to declining issues with the ratio of volume of shares rising and falling. Arms Index or TRIN = (advancing issues / declining issues) / (composite volume of advancing issues / composite volume of declining issues.) Generally, an Arms of less than 1.00 indicates buying demand; above 1.00 indicates selling pressure.
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Volume by Market

GO TO: Diaries | Breakdown of Volume | Crossing Session | Weekly Totals
Wednesday, March 02, 2016
NYSE Stocks (9:30 a.m. to 4:00 p.m. ET)
NYSE Latest close Previous close Week ago
New York 1,093,344,880 1,128,740,294 1,041,947,452
Chicago 17,741,257 13,525,285 9,445,648
CBOE ... ... ...
NYSE Arca 382,764,045 376,959,158 325,377,731
Nasdaq 519,344,037 540,369,652 498,433,561
Finra/Nasdaq TRF*** 1,620,795,394 1,712,214,817 1,476,646,620
PSX 42,068,934 44,389,566 35,547,842
NYSE MKT ... ... ...
Boston 75,840,654 84,003,279 73,250,268
National Exch. 84,951 101,108 169,486
BATS 278,669,641 280,142,431 272,050,801
BATS Y 199,252,184 216,160,692 192,965,710
EdgeA 105,411,508 109,418,363 100,279,013
EdgeX 299,855,209 287,907,298 251,581,783
Composite 4,635,172,694 4,793,931,943 4,277,695,915
Nasdaq Latest close Previous close Week ago
New York ... ... ...
Chicago 4,149,288 4,563,125 4,790,284
CBOE ... ... ...
NYSE Arca 183,024,983 200,399,676 199,792,823
Nasdaq 471,884,350 531,145,606 481,523,948
Finra/Nasdaq TRF*** 718,535,746 776,061,555 730,455,330
PSX 27,014,210 27,134,431 28,084,969
NYSE MKT 4,218,096 3,784,375 4,097,168
Boston 34,245,284 40,095,514 37,099,918
National Exch. 132,627 100,541 351,332
BATS 126,791,237 135,414,682 135,675,754
BATS Y 81,253,184 87,348,623 84,695,266
EdgeA 45,718,250 50,779,995 45,535,777
EdgeX 193,525,140 202,471,666 201,328,845
Composite 1,890,492,395 2,059,299,789 1,953,431,414
NYSE MKT Latest close Previous close Week ago
New York ... ... ...
Chicago 3,970 902,100 2,195
CBOE ... ... ...
NYSE Arca 6,206,383 6,559,595 8,182,938
Nasdaq 4,107,120 4,996,892 5,296,480
Finra/Nasdaq TRF*** 29,224,886 37,468,560 41,013,632
PSX 297,308 386,539 384,021
NYSE MKT 7,585,487 9,106,618 10,250,208
Boston 723,110 880,513 782,513
National Exch. ... 300 ...
BATS 3,966,165 4,115,669 4,859,510
BATS Y 1,641,385 1,871,606 2,051,284
EdgeA 1,246,246 1,578,968 1,410,470
EdgeX 7,396,105 8,517,519 10,312,504
Composite 62,398,165 76,384,879 84,545,755
NYSE Arca Latest close Previous close Week ago
New York ... ... ...
Chicago 12,454,463 14,561,921 17,161,631
CBOE ... ... ...
NYSE Arca 368,015,742 426,803,680 408,800,985
Nasdaq 140,642,203 156,865,710 165,818,940
Finra/Nasdaq TRF*** 594,586,465 706,079,252 667,721,059
PSX 26,142,130 27,485,612 25,318,879
NYSE MKT 79,835 107,901 352,614
Boston 38,404,466 43,975,308 40,843,586
National Exch. 16,756 3,000 27,100
BATS 123,413,472 143,390,424 133,647,620
BATS Y 96,984,446 93,279,611 91,494,745
EdgeA 54,680,356 57,407,468 56,550,484
EdgeX 152,802,027 155,926,767 158,273,232
Composite 1,608,222,361 1,825,886,654 1,766,010,875

*** Trade Reporting Facility

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From: Sam3/3/2016 12:26:24 AM
1 Recommendation   of 90802
 
Mizuho Cuts SanDisk To Hold; Prefers Micron, Broadcom
By Teresa Rivas

March 2, 2016, 9:59 A.M. ET
blogs.barrons.com

Another day, another downgrade for SanDisk ( SNDK) ahead of its acquisition by Western Digital ( WDC).

On Wednesday, Mizuho Securities’ Vijay Rakesh cut his rating on SanDisk to Neutral. He writes that the move comes as SanDisk is closing in on his price target and the $78.50 offer price.

Rakesh believes that the merger is still on track, and he expects it to close sometime in the second quarter. He writes that investors instead should rotate into Micron Technology ( MU), “as it gears up for better costs and an Inotera roll-up, with incremental book value and free cash flow. He also suggests investors should look into Broadcom (AVGO) before its earnings report Thursday, citing improved visibility in the second half of the year and synergies from its merger with Avago Technologies. (Pacific Crest also recommended buying Broadcom ahead of earnings yesterday.)

Details from his note:

We are moving to the sidelines on SNDK, with the stock ~6% from our PT and the WDC offer price of $78.50. We expect the deal to get shareholder approval with ISS also backing the transaction. We believe WDC needs NAND on its roadmap, as 70% of the HDD market with PC-client moves to flash. Nonetheless, SNDK faces multiple headwinds from slowing smartphones and retail (combined 70% of revenue) to exchange rate headwinds in the Yen, an upcoming Samsung license renewal and a runaway 3D-NAND roadmap. The offer price of $78.50 on SNDK is ~23x our F16E EPS.

Micron (Buy). We believe MU offers an attractive opportunity with our $13PT, ~20% upside, and the stock trading around 0.9x book. MU last traded in this range when it recorded losses for 3-4 straight quarters and had negative 20-30% GMs. We believe MU should start to see improving costs and GM, with Inotera adding ~$2-3 to the book value, and ~$700M of incremental FCF (post Capex). MU has noted significant 20% cost reductions in DRAM and 30% in NAND. We have MU rated Buy with a $13 PT, 9.6x our F17E EPS.

Broadcom (Ticker: AVGO). With the BRCM acquisition complete, we believe AVGO is better positioned ahead of an iPhone 6c ramp and a stronger 2H16, with iPhone builds (we estimate) up 9% in C2H16/C2H15 and upside to the $750M synergy estimate. Further, to add some context, AVGO was trading at $130 a week before the BRCM acquisition was announced May-28th, 2015. Fast forward, and with the markets having gone through a roller coaster, AVGO is still trading at ~$135 (vs. SOX down 10%) while EPS estimates for the out year have gone from ~$9 pre-BRCM to ~$12-$13. With the price action, we believe investors are getting BRCM almost for free. We would are buyers of AVGO with a $175 PT, 14.0x our F17E combined EPS of $12.35. AVGO can drive ~$6B/year of FCF, opening up opportunities for further potential for M&A and/or accretive shareholder actions.

SanDisk is up 0.9% in recent trading, while Micron is up 3% and Broadcom down 0.3%.

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From: Gottfried3/3/2016 5:46:24 PM
2 Recommendations   of 90802
 
bpNDX rose one to 67% [TMUS]

Feb19	Feb22	Feb23	Feb24	Feb25	Feb26	Feb29	Mar01	Mar02	Mar03
									
									
									
									

									AAL
								AAL	AAPL
							AAL	AAPL	ADBE
							AAPL	ADBE	ADI
							ADBE	ADI	ADP
							ADI	ADP	ADSK
						AAL	ADP	ADSK	AKAM
					AAL	AAPL	ADSK	AKAM	ALXN
					AAPL	ADBE	AKAM	ALXN	AMAT
					ADBE	ADP	ALXN	AMAT	AMZN
					ADP	ADSK	AMAT	AMZN	AVGO
					ADSK	AKAM	AMZN	AVGO	BBBY
					AKAM	AMAT	AVGO	BBBY	BIDU
		AAPL			AMAT	AMZN	BBBY	BIDU	BIIB
		ADBE			AMZN	AVGO	BIDU	BIIB	BMRN
	AAPL	ADP			AVGO	BBBY	BIIB	BMRN	CA
	ADBE	AKAM		AAL	BBBY	BIDU	BMRN	CA	CELG
AAPL	ADP	ALXN		AAPL	BIDU	BIIB	CA	CELG	CHKP
ADBE	AKAM	AMAT		ADBE	BIIB	BMRN	CELG	CHKP	CHTR
ADP	ALXN	AMZN		ADP	BMRN	CA	CHKP	CHTR	CMCSA
AKAM	AMAT	BBBY	AAPL	AKAM	CA	CELG	CHTR	CTXS	CTXS
ALXN	AMZN	BIDU	ADBE	AMAT	CELG	CHKP	CTXS	DISH	DISH
AMAT	BBBY	BIIB	ADP	AMZN	CHKP	CHTR	DISH	DLTR	EXPE
BBBY	BIDU	BMRN	AKAM	BBBY	CHTR	CTXS	DLTR	EXPE	FAST
BIDU	BIIB	CA	AMAT	BIIB	CTXS	DISH	EXPE	FAST	FB
BIIB	BMRN	CELG	AMZN	CA	DISH	DLTR	FAST	FB	FISV
BMRN	CA	CHKP	BBBY	CELG	DLTR	EXPE	FB	FISV	GILD
CA	CELG	CHTR	BIIB	CHKP	ENDP	FAST	FISV	GILD	GOOGL
CELG	CHKP	CTXS	CA	CHTR	EXPE	FB	GILD	GOOGL	HSIC
CHKP	CHTR	DLTR	CELG	CTXS	FAST	FISV	GOOGL	HSIC	ILMN
CHTR	CTXS	EXPE	CHKP	DLTR	FB	GILD	HSIC	ILMN	INCY
EXPE	EXPE	FAST	CHTR	EXPE	FISV	GOOGL	ILMN	INCY	INTC
FAST	FAST	FB	CTXS	FAST	GILD	HSIC	INCY	INTC	INTU
FB	FB	FISV	DLTR	FB	GOOGL	ILMN	INTC	INTU	ISRG
FISV	FISV	GILD	EXPE	FISV	HSIC	INCY	INTU	ISRG	KHC
GILD	GILD	GOOGL	FAST	GILD	ILMN	INTC	ISRG	KHC	LBTYA
GOOGL	GOOGL	HSIC	FB	HSIC	INCY	INTU	KHC	LBTYA	LLTC
HSIC	HSIC	ILMN	FISV	ILMN	INTC	ISRG	LBTYA	LLTC	LRCX
ILMN	ILMN	INCY	GILD	INCY	INTU	KHC	LLTC	LRCX	MAR
INCY	INCY	INTC	HSIC	INTC	ISRG	LBTYA	LRCX	MAR	MAT
INTC	INTC	INTU	ILMN	INTU	KHC	LLTC	MAR	MAT	MXIM
INTU	INTU	KHC	INCY	ISRG	LBTYA	LRCX	MAT	MXIM	NCLH
KHC	KHC	LBTYA	INTC	KHC	LLTC	MAR	MXIM	NCLH	NFLX
LBTYA	LBTYA	LLTC	INTU	LBTYA	LRCX	MAT	NCLH	NFLX	NVDA
LLTC	LLTC	MAR	KHC	LLTC	MAR	MXIM	NFLX	NVDA	NXPI
MAR	MAR	MAT	LBTYA	MAR	MAT	NCLH	NVDA	NXPI	ORLY
MAT	MAT	MXIM	LLTC	MAT	MXIM	NFLX	NXPI	ORLY	PCAR
MXIM	MXIM	NCLH	MAR	MXIM	NCLH	NVDA	ORLY	PCAR	PYPL
NFLX	NFLX	NFLX	MAT	NCLH	NFLX	NXPI	PCAR	PYPL	QCOM
NVDA	NVDA	NVDA	MXIM	NFLX	NVDA	ORLY	PYPL	QCOM	REGN
NXPI	NXPI	NXPI	NCLH	NVDA	NXPI	PCAR	QCOM	REGN	ROST
ORLY	ORLY	ORLY	NVDA	NXPI	ORLY	PYPL	REGN	ROST	SBAC
PCAR	PCAR	PCAR	NXPI	ORLY	PCAR	QCOM	ROST	SBAC	SIRI
QCOM	QCOM	QCOM	ORLY	PCAR	QCOM	ROST	SBAC	SIRI	SNDK
REGN	REGN	REGN	PCAR	QCOM	ROST	SBAC	SIRI	SNDK	STX
ROST	ROST	ROST	QCOM	ROST	SBAC	SIRI	SNDK	STX	SWKS
SBAC	SBAC	SBAC	ROST	SBAC	SIRI	SNDK	STX	SWKS	TMUS
SIRI	SIRI	SIRI	SBAC	SIRI	SNDK	STX	SWKS	TRIP	TRIP
SNDK	SNDK	SNDK	SIRI	SNDK	STX	SWKS	TRIP	TSCO	TSCO
STX	STX	STX	SNDK	STX	TRIP	TRIP	TSCO	TSLA	TSLA
TRIP	TRIP	TRIP	STX	TRIP	TSCO	TSCO	TSLA	TXN	TXN
TSCO	TSCO	TSCO	TRIP	TSCO	TSLA	TSLA	TXN	ULTA	ULTA
TSLA	TSLA	TSLA	TSCO	TSLA	TXN	TXN	ULTA	VRSK	VRSK
TXN	TXN	TXN	TSLA	TXN	ULTA	ULTA	VRSK	VRTX	VRTX
VRTX	VRTX	VRTX	TXN	ULTA	VRSK	VRSK	VRTX	WBA	WBA
WBA	WBA	WBA	WBA	WBA	WBA	WBA	WBA	WDC	WDC
XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX

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To: Gottfried who wrote (71759)3/3/2016 5:51:38 PM
From: Gottfried
3 Recommendations   of 90802
 
1 new 52 week NDX high(s) 
	03/03/2016
	Close	Volume	
FAST	47	2296144	

1 new 52 week NDX low(s)		

	Close	Volume
CERN	50	5546581

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From: Gottfried3/3/2016 5:54:12 PM
2 Recommendations   of 90802
 
bpSOX still 22/30

Feb19	Feb22	Feb23	Feb24	Feb25	Feb26	Feb29	Mar01	Mar02	Mar03
									
									
								ADI	ADI
							ADI	AMAT	AMAT
							AMAT	ASML	ASML
							ASML	AVGO	AVGO
						AMAT	AVGO	CAVM	CAVM
						AVGO	CAVM	INFN	INFN
					AMAT	CAVM	INFN	INTC	INTC
					AVGO	INTC	INTC	KLAC	KLAC
					CAVM	KLAC	KLAC	LLTC	LLTC
	AMAT	AMAT	AMAT	AMAT	INTC	LLTC	LLTC	LRCX	LRCX
AMAT	CAVM	CAVM	CAVM	CAVM	KLAC	LRCX	LRCX	MCHP	MCHP
INTC	INTC	INTC	INTC	INTC	LLTC	MCHP	MCHP	MRVL	MRVL
LLTC	LLTC	LLTC	LLTC	LLTC	LRCX	MSCC	MSCC	MSCC	MSCC
MSCC	MSCC	MSCC	MSCC	MSCC	MSCC	MXIM	MXIM	MXIM	MXIM
MXIM	MXIM	MXIM	MXIM	MXIM	MXIM	NVDA	NVDA	NVDA	NVDA
NVDA	NVDA	NVDA	NVDA	NVDA	NVDA	NXPI	NXPI	NXPI	NXPI
NXPI	NXPI	NXPI	NXPI	NXPI	NXPI	QCOM	QCOM	QCOM	QCOM
QCOM	QCOM	QCOM	QCOM	QCOM	QCOM	QRVO	QRVO	QRVO	QRVO
QRVO	QRVO	QRVO	QRVO	QRVO	QRVO	SNDK	SNDK	SNDK	SNDK
SNDK	SNDK	SNDK	SNDK	SNDK	SNDK	SWKS	SWKS	SWKS	SWKS
TXN	TXN	TXN	TXN	TXN	TXN	TXN	TXN	TXN	TXN
XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX	XLNX

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To: Sam who wrote (71758)3/3/2016 6:02:05 PM
From: Return to Sender
3 Recommendations   of 90802
 
From Briefing.com: 4:21 pm Hewlett Packard Enterprise beats by $0.01, reports revs in-line; guides Q2 EPS in-line; reaffirms FY16 EPS guidance ( HPE) :

Reports Q1 (Jan) earnings of $0.41 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.40; revenues fell 2.5% year/year to $12.72 bln vs the $12.65 bln Capital IQ Consensus. Enterprise Group revenue was $7.1 billion, up 1% year over year, up 7% in constant currency, with a 13.4% operating margin. Servers revenue was down 1%, up 5% in constant currency, Storage revenue was down 3%, up 3% in constant currency, Networking revenue was up 54%, up 62% in constant currency, and Technology Services revenue was down 9%, down 3% in constant currency. Enterprise Services revenue was $4.7 billion, down 6% year over year, flat in constant currency, with a 5.1% operating margin. Infrastructure Technology Outsourcing revenue was down 8%, down 2% in constant currency, and Application and Business Services revenue was down 3%, up 3% in constant currency. Software revenue was $780 million, down 10% year over year, down 6% in constant currency, with a 17.4% operating margin. License revenue was down 6%, down 2% in constant currency, support revenue was down 13%, down 9% in constant currency, professional services revenue was down 7%, down 2% in constant currency, and software-as-a-service (SaaS) revenue was down 9%, down 7% in constant currency.Co issues in-line guidance for Q2, sees EPS of $0.39-0.43, excluding non-recurring items, vs. $0.42 Capital IQ Consensus Estimate. Co reaffirms guidance for FY16, sees EPS of $1.85-1.95, excluding non-recurring items, vs. $1.87 Capital IQ Consensus Estimate.

4:05 pm Broadcom Intl beats by $0.11, beats on revs; guides Q2 revs in-line ( AVGO) :

Reports Q1 (Jan) earnings of $2.41 per share, $0.11 better than the Capital IQ Consensus of $2.30; revenues rose 7.5% year/year to $1.78 bln vs the $1.76 bln Capital IQ Consensus. Co issues in-line guidance for Q2, sees Q2 revs of $3475-3625 bln vs. $3.56 bln Capital IQ Consensus Estimate.Gross Margin expected to be in the range of 58-60%.CapEx is expected to be $210 mln.Following Avago's acquisition of Broadcom Corporation ("BRCM") on February 1, 2016, Broadcom Limited became the ultimate parent company of Avago and BRCM. This is the first release of financial results following the Acquisition and relates solely to the predecessor, Avago, for the fiscal periods prior to the Acquisition.

Thursday trading was capped off by modest gains across the board. The slightly higher bias was led by the S&P 500 which added 6.95 points (+0.35%) to 1993.40. The Dow Jones Industrial Average also closed up, advancing 44.58 points (+0.26%) to close 16943.90. The Nasdaq Composite was the laggard (albeit finishing about flat lines as well), as the index was higher by 4.00 points (+0.09%) to 4707.42.

Market data today included the initial claims reading for the week ending February 27, which showed a slight bump in claims to 278,000, up 6,000 versus last week. Continuing claims for the week ending February 20 increased 3,000 to 2.257 million. The Bureau of Labor Statistics reported non-farm labor productivity declined at a 2.2% annual rate during Q4. Unit labor costs in the non-farm business sector increased 3.3% in Q4, and factory orders were up 2.9% in January.

Action in the Technology (XLK 42.31, flat) sector was flat when Thursday was done as component Western Union (WU 19.09, +0.64 +3.44%) ended the session near highs of the day following an upgrade to Neutral at Sun Trust Rbsn Humphrey. Other sectors closed XLE +1.51%, XLI +0.71%, XLF +0.68%, XLB +0.61%, XLU +0.60%, XLY +0.59%, XLP +0.50%, IYZ -0.20%, XLV -0.28% today led by Energy, while Healthcare lagged.

Solar (TAN 23.85, -0.11 -0.46%) were again in play today as component SunEdison (SUNE 1.51, -0.27 -15.36%) announced the suspension of the payment of quarterly dividends on preferred stock. The shares spent the entirety of the day in the red, ending near lows. Other TAN names which under-performed today included TERP -6.32%, CSIQ -4.00%, JKS -3.89%, VSLR -3.89%, DQ -1.48%, SEDG -1.32%.

When the bell rang, the S&P 500 Information Technology sector (697.25, -0.45 -0.06%) was modestly lower, but an uptrend into the close made things interesting as component Intel (INTC 30.58, +0.04 +0.13%) was modestly higher following an upgrade to Outperform at Robert W. Baird. Other notable sector components which finished the day EA -1.95%, ADBE -1.33%, MSFT -1.13%, GOOGL -1.07%, AKAM -1.01%, INTU -0.93%, GOOG -0.89%, QCOM -0.89%.

Other notable news items among sector components:

TE Connectivity (TEL 60.48, +1.20 +2.02%) approved an additional $1.0 billion share repurchase.
  • TEL also entered into an enterprise license agreement to leverage ANSYS' (ANSS 86.26, +0.19 +0.22%) engineering simulation software. The agreement provided TEL with enterprise-wide licenses to the ANSYS structures, fluids and high-frequency electromagnetics suites as well as access to high-performance computing solutions.
Broadcom Intl (AVGO 137.33, +0.36 +0.26%) increased its quarterly dividend to $0.49 per share from $0.44 per share.

eBay (EBAY 23.94, +0.22 +0.93%) priced $1.5 billion senior unsecured notes offering.
Encompass will supply HP (HPQ 11.11, +0.21 +1.93%) imaging and computing parts for out-of-warranty repairs primarily in: Argentina, Colombia, Ecuador, Paraguay, Uruguay, Bolivia, Peru, Venezuela, Chile, Puerto Rico, Central America and the Caribbean. Distribution will be handled through the company's partnership with Global Smart Business (GSB), which licenses the Encompass brand and goes to market outside the U.S. as Encompass International.

Elsewhere in the tech space:

SunEdison (SUNE) suspended payment of quarterly dividends on the Company's 6.75% Series A Perpetual Convertible Preferred Stock.

SuperCom (SPCB 4.96, +0.13 +2.69%) acquired Safend Ltd. and expects EPS accretion. Financial terms of the deal were not disclosed.

Perceptron (PRCP 5.23, -0.21 -3.86%) announced a broadly focused financial improvement plan designed to reduce fixed costs, improve the company's profitability and cash flow and further its ability to capture the value of the business diversification strategy begun in 2014. The company now expects revenue for our third fiscal quarter, ending March 31, 2016, will be in the range of $16 million to $19 million, and anticipate fourth-quarter revenue will be slightly higher sequentially.

Angie's List (ANGI 8.60, +0.22 +2.63%) announced the details of its new Profitable Growth Plan at a meeting with investors and financial analysts in New York. The Company is also issuing financial guidance for fiscal 2016. ANGI has historically charged its members a fee to access its ratings and reviews. The company's new Profitable Growth Plan transforms this legacy business model by removing the ratings and reviews paywall and enabling consumers to access this service for free. The company will also be introducing new freemium and premium tiered offerings with additional high value services. Early pilot results from these changes have shown significant increases in consumer engagement and service provider value, including increases in consumer registrations, total profile views, reviews and originations. For the FY16 period, ANGI expects revenues in the range of $345-355 million and adjusted EBITDA in the range of $31-35 million on FCF of about break-even.

In addition to reporting quarterly results, SINA (SINA 43.00, -0.75 -1.71%) announced a $500 million buyback program through the end of June 2017.

Synopsys (SNPS 45.87, -0.02 -0.04%) has acquired WinterLogic. The terms of the deal, which is not material to Synopsys financials, have not been disclosed.

Synchronoss Tech (SNCR 29.49, -0.52 -1.73%) to acquire privately held Openwave Messaging Inc. The acquisition is not expected to have a material impact to the company's revenue and non-GAAP EPS for the 2016 fiscal year.

In reaction to quarterly results:

SINA (SINA) reported better than expected Q4 EPS of $0.35 and worse than expected revenues of $256.2 million. SINA also guided FY16 revenues of $850-950 million.

Cable ONE (CABO 449.90, +32.63 +7.82%) reported better than expected Q4 EPS and revenues of $4.44 and $203.4 million, respectively.

Tech Data (TECD 74.16, +1.18 +1.62%) reported better than expected Q4 EPS and revenues of $2.29 and $7.48 billion, respectively. TECD also guided Q1 EPS in-line at $0.90-0.98 and guided for worse than expected revenues of $5.85-6.05 billion.

Ciena (CIEN 16.99, -3.71 -17.92%) reported better than expected EPS for Q1 of $0.18 on revenues which rose 8.3% year-over-year to $573.1 million. CIEN also guided Q2 revenues of $615-645 million.

Semtech (SMTC 21.00, +1.967 +8.64%) reported better than expected Q4 EPS and revenues of $0.17 and $118.6 million, respectively. For the Q1 period, SMTC sees better than expected revenues and EPS of $124-132 million and $0.26-0.30, respectively.

Stratasys (SSYS 24.53, +3.64 +17.42%) reported better than expected Q4 EPS at a loss per share of $0.01 and better than expected Q4 revenues of $173.4 million. For the FY16 period, SSYS sees better than expected EPS and revenues of $0.17-0.43 and $700-730 million, respectively.

Trina Solar (TSL 10.46, +0.03 +0.29%) reported better than expected Q4 EPS and revenues of $0.43 and $961.9 million, respectively.

Perficient (PRFT 20.17, +1.68 +9.09%) reported better than expected Q4 EPS and revenues of $0.37 and $133.7 million, respectively. In Q1, PRFT sees slightly better than expected revenues of $120-125 million. For FY16, EPS is expected to come in in-line at $1.40-1.52 and revenues are expected to be above anticipations at $505-535 million.

Companies scheduled to report quarterly results tonight: AMBA AVGO CKP MENT NMBL UNXL XTLY XOXO

Analyst actions:

INTC was upgraded to Outperform from Neutral at Robert W. Baird,
INXN was upgraded to Outperform from Mkt Perform at Raymond James,
ITRI was upgraded to Buy from Hold at Argus,
TSS was upgraded to Outperform from Underperform at Credit Agricole;
SUNE was downgraded at Needham and Macquarie,
CKP was downgraded to In-Line from Outperform at Imperial Capital;
PCOM target was lowered at RBC Capital to $17,
SMTC target was raised at MKM Partners, RBC Capital and Drexel Hamilton;
PRFT target was raised to $25 at Maxim Group

4:20 pm : The stock market ended the Thursday affair on a higher note with the S&P 500 gaining 0.4% ahead of tomorrow's release of the February Employment Situation Report. The benchmark index managed to erase a nine-point loss, climbing to its best level by the end of the day. Today's action saw relative strength from commodity-sensitive energy (+1.3%), which managed to outweigh the underperformance of the heavyweight technology (-0.1%) and health care (-0.4%) spaces. Meanwhile, a bid higher in safe haven assets did not detract from an upswing in equities while the greenback lost some ground today.

On the leaderboard, energy (+1.3%) managed to lead the pack while industrials (+0.6%) and financials (+0.5%) followed. Meanwhile, the heavily-weighted health care (-0.4%) and technology (-0.1%) were the only two spaces to end in the red.

The energy sector (+1.3%) showed resilience today as the sector outperformed despite a volatile and ultimately flat showing from WTI crude ($34.57/bbl). On that note, independent oil and gas name ConocoPhillips (COP 38.56, +2.07) managed to add to its advance while oil was up and maintained its footing when oil swung lower. Separately, energy giants Exxon Mobil (XOM 82.40, -0.30) and Chevron (CVX 87.53, +0.39) ended on opposing sides of their flat lines.

Elsewhere, the industrial sector (+0.6%) outperformed today as farm and construction names like Deere (DE 83.67, +1.83) and Caterpillar (CAT 71.75, 2.37) traded higher in sympathy with Joy Global (JOY 16.09, +2.77). Joy boosted sentiment for the sub-group after the company maintained its full-year earnings and revenue guidance, which was viewed as better that feared. Meanwhile, Norfolk Southern (NSC 77.00, +0.00) and Union Pacific (UNP 80.01, +0.51) outperformed, helping the Dow Jones Transportation Average (+1.1%) solidify its position in positive territory for the year (year-to-date +1.2%).

Biotechnology contributed to early and prolonged weakness in the health care sector as the iShares Nasdaq Biotechnology ETF (IBB 264.24, -3.88) surrendered 1.5%. Today's loss in the ETF extended its year-to-date decline to 21.9%. This compares to a 6.8% in the broader sector for the year. Additional weakness in the sector spawned from Abbott Labs (ABT 38.82, -0.52) and Eli Lilly (LLY 73.25, -0.77), which lost 1.3% and 1.0%, respectively.

In the technology space, large-cap constituents pulled back from their recent outperformance as Alphabet (GOOGL 731.59, -7.89) and Microsoft (MSFT 52.35, -0.60) surrendered 1.1% apiece. The two names have climbed 5.1% and 7.5% since the February 11 low in the S&P 500. Separately, the broader technology sector widened its 2016 decline to 3.4%.

The countercyclical sectors were able to recover from some early relative weakness as utilities (+0.6%), consumer staples (+0.5%), and telecom services (+0.3%) ended on their best levels. The three sectors sport the largest year-to-date advances of 6.9%, 2.2%, and 11.2%, respectively.

The Treasury complex ended its day higher despite the afternoon rally in equities. On that note, the yield on the 10-yr note slipped one basis point at 1.83%.

On the currency front, the euro/dollar pair rose 0.9% to 1.0966 while the dollar/yen pair ticked up 0.1% to 113.62, but retreated from its overnight high of 114.28.

Today's trading volume was heavier than the recent average with more than 1.12 billion shares changing hands at they NYSE floor.
Today's economic data included weekly initial claims, Q4 Productivity, Unit Labor Cost data, January Factory Orders, and ISM Services for February:
  • Initial claims data for the week ending February 27 showed a slight bump in claims to 278,000 (Briefing.com consensus 270,000), up 6,000 from the prior week's unrevised level.
    • There were no special factors influencing the latest reading, which kept initial claims pinned in the same 250,000 - 300,000 range they have been in since July 2014.
    • The four-week moving average for initial claims decreased 1,750 to 270,250.
  • Continuing claims for the week ending February 20 increased 3,000 to 2.257 million, which was basically in-line with the Briefing.com consensus estimate.
    • The four-week moving average for continuing claims pushed slightly lower to 2.257 million.
  • The Bureau of Labor Statistics reported nonfarm labor productivity decreased at a 2.2% annual rate during the fourth quarter (Briefing.com consensus -3.3%) versus a preliminary 3.0% decrease.
    • The updated productivity number was the byproduct of output increasing 1.0% and hours worked increasing 3.2%. From the fourth quarter of 2014 to the fourth quarter of 2015, productivity increased just 0.5%.
  • Unit labor costs in the nonfarm business sector increased 3.3% in the fourth quarter per the revised data versus a preliminary 4.5% increase. The revision reflected a 1.1% increase in hourly compensation and the 2.2% decrease in productivity.
    • Unit labor costs have increased 2.1% over the last four quarters.
  • Factory orders increased 1.6% in January. That was lower than the Briefing.com consensus estimate of 2.0%, but well above the unrevised 2.9% decline for December, which was the largest month-over-month decline since December 2014. Total factory orders are down 3.3% year-over-year.
    • Excluding transportation, factory orders declined 0.2% on the heels of a downwardly revised 0.9% decline (from -0.8%) for December. On a year-over-year basis, factory orders excluding transportation are down 5.1%.
    • New orders for manufactured durable goods increased 4.7%, which was down slightly from the 4.9% increase seen in the Durable Goods Orders report for January. New orders for nondefense capital goods excluding aircraft -- a proxy for business investment -- were up 3.4% versus an originally reported 3.9% increase seen in the Durable Goods orders report.
    • New orders for manufactured nondurable goods declined 1.4% following a downwardly revised 1.1% decline (from -0.8%) for December. That was the third straight monthly decline in orders for manufactured nondurable goods.
    • Shipments of manufactured durable goods increased 2.0% after an upwardly revised 1.8% decrease (from -2.1%) for December.
    • The inventory-to-shipments ratio for all manufacturing industries slipped to 1.36 from a downwardly revised 1.37 (from 1.38) for December.
Tomorrow's economic data will be limited to the Employment Situation Report for February (Briefing.com consensus 190k) and the Trade Balance for January (Briefing.com consensus -$44.0 billion).

  • Nasdaq Composite -6.0% YTD
  • Russell 2000 -5.3% YTD
  • Dow Jones -2.8% YTD
  • S&P 500 -2.5% YTD
DJ30 +44.58 NASDAQ +4.00 SP500 +6.95 NASDAQ Adv/Vol/Dec 1796/1.779 bln/1094 NYSE Adv/Vol/Dec 2312/1.129 bln/722

3:45 pm :

  • Despite huge gains in many oil and gas stocks, Apr WTI oil prices ended the day flat at $34.57/barrel
  • Natural gas futures extend weakness, reversing the rally post-EIA data. Apr nat gas finished today's session -2.4% at $1.64/MMBtu
  • Metals performed better, which found some help from weakness in the dollar
  • Apr gold finished today's floor session +1.3% at $1258.10/oz, while May silver rose +0.8% to close at $15.14/oz
  • Apr copper rose as well, gaining +1.4% to end at $2.21/lb

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To: Return to Sender who wrote (71762)3/3/2016 6:06:15 PM
From: Return to Sender
2 Recommendations   of 90802
 
81% Upside Volume for the NYSE - Data from the WSJ below:

online.wsj.com

Thursday, March 03, 2016
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.
NYSE Latest close Previous close Week ago
Issues traded 3,205 3,213 3,209
Advances 2,363 2,083 2,313
Declines 753 1,046 811
Unchanged 89 84 85
New highs 82 54 90
New lows 9 15 40
Adv. volume* 933,775,826 902,114,603 697,989,275
Decl. volume* 213,081,126 186,009,692 237,955,467
Total volume* 1,155,576,386 1,093,344,880 951,906,715
Closing tick +191 +173 +258
Closing Arms (TRIN)† 0.70 0.37 1.08
Block trades* 7,165 7,215 5,673
Adv. volume 4,087,441,305 3,896,165,787 2,915,765,023
Decl. volume 913,522,201 721,825,693 1,104,264,393
Total volume 5,034,641,967 4,635,172,694 4,088,225,453
Nasdaq Latest close Previous close Week ago
Issues traded 2,925 2,944 2,898
Advances 1,759 1,892 1,702
Declines 1,073 969 1,102
Unchanged 93 83 94
New highs 43 32 29
New lows 24 33 53
Closing tick -465 +183 +423
Closing Arms (TRIN)† 0.94 0.80 0.61
Block trades 8,199 7,261 5,981
Adv. volume 1,204,515,342 1,330,154,570 1,173,872,535
Decl. volume 688,762,015 546,827,865 461,208,298
Total volume 1,917,429,780 1,890,492,395 1,647,203,586
NYSE MKT Latest close Previous close Week ago
Issues traded 362 370 359
Advances 220 238 211
Declines 127 118 121
Unchanged 15 14 27
New highs 7 5 4
New lows 5 6 6
Adv. volume* 8,406,663 6,455,382 5,219,524
Decl. volume* 2,319,818 953,223 2,806,172
Total volume* 10,791,201 7,585,487 8,342,108
Closing tick -25 +25 +44
Closing Arms (TRIN)† 0.47 0.23 0.80
Block trades* 94 63 88
Adv. volume 64,223,344 55,005,556 42,275,026
Decl. volume 17,335,764 6,342,669 19,513,368
Total volume 85,149,608 62,398,165 64,099,413
NYSE Arca Latest close Previous close Week ago
Issues traded 1,408 1,404 1,411
Advances 1,147 1,030 1,059
Declines 245 354 340
Unchanged 16 20 12
New highs 27 17 16
New lows 13 8 8
Adv. volume* 291,752,814 303,015,305 238,736,653
Decl. volume* 84,950,952 64,562,416 72,052,573
Total volume* 381,867,339 368,003,640 310,928,438
Closing tick +170 +207 +153
Closing Arms (TRIN)† 2.12 0.84 1.06
Block trades* 2,249 2,156 1,882
Adv. volume 1,109,966,888 1,242,234,577 1,060,651,035
Decl. volume 503,326,910 360,331,548 361,498,507
Total volume 1,641,065,110 1,608,222,361 1,423,572,023

*Primary market NYSE, NYSE MKT or NYSE Arca only. †Compares the ratio of advancing to declining issues with the ratio of volume of shares rising and falling. Arms Index or TRIN = (advancing issues / declining issues) / (composite volume of advancing issues / composite volume of declining issues.) Generally, an Arms of less than 1.00 indicates buying demand; above 1.00 indicates selling pressure.
Return To Top
Volume by Market

GO TO: Diaries | Breakdown of Volume | Crossing Session | Weekly Totals
Thursday, March 03, 2016
NYSE Stocks (9:30 a.m. to 4:00 p.m. ET)
NYSE Latest close Previous close Week ago
New York 1,155,576,386 1,093,344,880 951,906,715
Chicago 12,785,760 17,741,257 12,366,425
CBOE ... ... ...
NYSE Arca 376,075,322 382,764,045 316,598,090
Nasdaq 551,551,970 519,344,037 479,194,463
Finra/Nasdaq TRF*** 1,866,883,071 1,620,795,394 1,447,693,020
PSX 38,628,809 42,068,934 33,698,913
NYSE MKT ... ... ...
Boston 87,595,792 75,840,654 68,030,816
National Exch. 100,909 84,951 115,562
BATS 292,423,566 278,669,641 257,462,969
BATS Y 215,065,618 199,252,184 186,615,066
EdgeA 116,115,724 105,411,508 92,537,140
EdgeX 321,839,040 299,855,209 242,006,274
Composite 5,034,641,967 4,635,172,694 4,088,225,453
Nasdaq Latest close Previous close Week ago
New York ... ... ...
Chicago 5,353,061 4,149,288 4,861,308
CBOE ... ... ...
NYSE Arca 184,390,079 183,024,983 161,970,601
Nasdaq 465,401,282 471,884,350 412,544,077
Finra/Nasdaq TRF*** 751,427,890 718,535,746 619,921,993
PSX 23,964,824 27,014,210 22,014,515
NYSE MKT 3,449,004 4,218,096 3,529,924
Boston 34,446,138 34,245,284 30,228,120
National Exch. 87,567 132,627 56,149
BATS 126,053,107 126,791,237 114,233,373
BATS Y 77,745,674 81,253,184 72,927,605
EdgeA 44,317,697 45,718,250 38,928,180
EdgeX 200,793,457 193,525,140 165,987,741
Composite 1,917,429,780 1,890,492,395 1,647,203,586
NYSE MKT Latest close Previous close Week ago
New York ... ... ...
Chicago 300,700 3,970 4,100
CBOE ... ... ...
NYSE Arca 8,802,324 6,206,383 6,325,710
Nasdaq 5,131,761 4,107,120 4,280,529
Finra/Nasdaq TRF*** 41,318,336 29,224,886 30,174,528
PSX 387,469 297,308 304,426
NYSE MKT 10,791,201 7,585,487 8,342,108
Boston 1,260,732 723,110 651,584
National Exch. ... ... 700
BATS 4,061,366 3,966,165 3,600,149
BATS Y 1,887,281 1,641,385 1,861,337
EdgeA 1,653,342 1,246,246 1,166,608
EdgeX 9,555,096 7,396,105 7,387,634
Composite 85,149,608 62,398,165 64,099,413
NYSE Arca Latest close Previous close Week ago
New York ... ... ...
Chicago 14,876,159 12,454,463 12,142,408
CBOE ... ... ...
NYSE Arca 381,893,461 368,015,742 310,949,390
Nasdaq 134,304,839 140,642,203 124,662,256
Finra/Nasdaq TRF*** 631,176,140 594,586,465 558,474,821
PSX 25,209,527 26,142,130 19,407,462
NYSE MKT 36,313 79,835 187,542
Boston 38,038,947 38,404,466 32,630,261
National Exch. 1,210 16,756 1,500
BATS 122,152,918 123,413,472 109,517,154
BATS Y 89,925,936 96,984,446 79,886,932
EdgeA 52,965,268 54,680,356 44,336,257
EdgeX 150,484,392 152,802,027 131,376,040
Composite 1,641,065,110 1,608,222,361 1,423,572,023

*** Trade Reporting Facility

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To: Return to Sender who wrote (71763)3/3/2016 9:27:47 PM
From: robert b furman
   of 90802
 
Hi RtS,

Breadth of adv / decl has gone on long enough to begin to show in new highs.

Volume has sequencially grown since the reversal off the second bottom.

I understand your desire to see a confirmation day, but others believe a bottom must progress with doubt, as price advances with the fewest on board the advance (I think that has validity also).

Once again there are reversals from corrective waves and there are reversals from major bottoms.

I do not suppose that each reversal has to be similar.

That being said, I hope to see a confirmation day after the bottom has progressed up to where joe 6 pak has greed in his blood.

THAT"S what build bull markets and euphoria.

Its been a long time since that kind of a top has brewed.

If we look at major bottoms, we've been closer to those than we have distribution tops - I think we're due.

Bob

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To: robert b furman who wrote (71764)3/3/2016 10:35:58 PM
From: Return to Sender
   of 90802
 
Bob, if only everyone had your optimism... we would have a major top every other week. <VBG>

The NYSE has actually been a lot stronger than the Nasdaq. Can it make a sustained rise above the downtrend line shown on the chart below:



I know your vote. You know mine.

LOL, RtS

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To: Return to Sender who wrote (71765)3/3/2016 11:05:51 PM
From: robert b furman
   of 90802
 
Hi RtS,

LMAO,

I guess between you and me a guy can get a straight shot on this thread.

I do appreciate all of the great work you put up here.

Bob

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