Today’s TraderNotes include: SanDisk Corporation (Nasdaq: SNDK), Cubic Energy Inc. (OTCBB: QBIK), Foster Wheeler Ltd. (Nasdaq: FWLT), Yahoo! Inc. (Nasdaq: YHOO), Comcast Corporation (Nasdaq: CMCSA), Travelzoo Inc. (Nasdaq: TZOO), Huntington Bancshares Incorporated (Nasdaq: HBAN) and Location Based Technologies Inc. (OTCBB: LBAS)
"SanDisk Corp. (SNDK) shares slipped 2% to $18.54 in Thursday’s mid-day trading. SanDisk designs, develops, manufactures and markets NAND-based flash storage card products that are used in various consumer electronics products…
“SanDisk will likely benefit from Samsung's allocation of 50M chips of 8Gb MLC to Apple in July and August. This could substantially reduce Samsung's inventory and reduce some of the price pressure on NAND and inventory overhang in the market…”
“Cubic Energy Inc. (QBIK) shares fell nearly 4% to $4.57 after noon on Thursday. Cubic Energy engages in the exploration, development, and production of crude oil and natural gas principally in Texas and Louisiana…
“Cubic Energy recently announced the company has spud its fourth Haynesville Shale well in its northwest Louisiana acreage. The Estes 7 No. 1 will be vertically drilled to approximately 11,950 feet using a casing program with 7 5/8 for the intermediate string. After being vertically completed in the Haynesville Shale, the company will be able to drill horizontally in the site at a later date…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of ScanDisk Corp. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
