New 52-Week high – SNDK, CREE, DE - Stock pick News

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SanDisk Corporation (NASDAQ:SNDK) today made a new 52-week high of $23.98 and now up 10.85% at $23.81 with 24.13 million shares being traded.  Yesterday, the company announced that for the fourth quarter of 2009, it expects total revenue of between $1.1 and $1.2 billion, which includes license and royalty revenue between $100 and $110 million. The fourth quarter of 2009 will be a 14 week quarter so there will be one extra week of revenue. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $841 million for the same period. SanDisk Corporation (SanDisk) is engaged in designing, developing and manufacturing products and solutions in a range of form factors using the flash memory, controller and firmware technologies. The card products are used in a range of consumer electronics devices, such as mobile phones, digital cameras, gaming devices and laptop computers.

Cree, Inc. (NASDAQ:CREE)    is another stock which surpassed its earlier 52-week high at $46.25. Now the stock is up 12.02% at $46.11 on 6.16 million shares after yesterday it announced that for second quarter of 2010, it expects revenue in a range of $180-$190 million with GAAP net income of $21-$23 million, or $0.20-$0.22 per diluted share. Non-GAAP net income is targeted to increase $29-$32 million, or $0.28-$0.30 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenues of $173 million, non-GAAP net profit of $22 million and non-GAAP EPS of $0.24 for the same period. Cree, Inc. develops and manufactures semiconductor materials and devices based on silicon carbide (SiC), gallium nitride (GaN) and related compounds. The Company focuses its expertise in SiC and GaN on light emitting diodes (LEDs), which consist of LED chips, LED components and LED lighting products.

Deere & Company (NYSE:DE) today made a new of 52-week high at $49.60 and now up 7.61% and trades at $49.51 with a total volume of 9.87 million shares. Deere & Company (John Deere), through its subsidiaries, operates in four business segments. The agricultural equipment segment manufactures and distributes a full line of farm equipment and related service parts. The commercial and consumer equipment segment manufactures and distributes equipment, products and service parts for commercial and residential uses.

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