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New York, NY -- (SBWIRE) -- 10/24/2012 -- Financial Select Sector SPDR Fund (NYSEARCA:XLF) seeks to provide investment results that correspond generally to the price and yield performance of the Financial Select Sector Index (the Index).SPDR Select Secto (PCX:XLF) is very active today and traded between $15.87 - 15.97 with total traded volume of 18149946 shares. At a current price of 15.90, XLF is +0.06 - +0.38% from the previous close of $15.84. Moreover, At Current Market Price, XLF is in the distance of +0.25% from its 50-day Moving Average price of $15.8597 and +6.16% from its 200-day Moving Average price of $14.977.
Can XLF Continue To Move Higher? Find Out Here
Zynga Inc. (NASDAQ:ZNGA) reporting its third-quarter results after Wednesday’s closing bell, and investors might be wondering if any more surprises are in store, as the social game maker already lowered its forecast three weeks ago and outlined its cost reduction plans yesterday. It is unclear if the company will add more to its current 2012 bookings forecast, which was lowered to $1.085 billion to $1.1 billion. That move implied a level of bookings for the fourth quarter in the range of $199 million to $214 million, based on its results for the third quarter, which would represent the lowest level of quarterly bookings for the company since the second quarter of 2010. Bookings refers to the total value of virtual goods sold over Zynga’s games during the quarter.Analysts remain cautious, and Zynga’s shares remain stuck in the $2.20-$2.30 range, which about the level of cash on its books and estimated value of its San Francisco headquarters.
Can ZNGA Recover? Find Out Here
Micron Technology, Inc. (NASDAQ:MU) is a global manufacturer and marketer of semiconductor devices, principally Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial and mobile products.Micron Technology (NasdaqNM:MU) reported EPS of -1.041. For the Current Fiscal year, the company is expected to report EPS of -0.26. For the Next Quarter and Next Year, the company is expected to report EPS of -0.12 and 0.61 respectively. At Current Market Price, MU is in distance of -12.88% from its 50-day Moving Average price of $6.055 and -14.99% from its 200-day Moving Average price of $6.205.
How Should Investors Trade MU Now? Find Out Here
General Electric Company (NYSE:GE) is hovering around breakeven today but boasts a positive 52-week return of 31%. Today, the near-the-money, 21-strike puts set to expire on Friday has seen roughly 6,800 contracts trade on open interest of 4,580. The majority of this volume has traded off the bid price, suggesting they may be sold to open. If GE is still trading north of $21 at Friday's closing bell, put sellers will keep the modest premium collected as profit, as the put will expire worthless. While today's action has been on the sell side, speculators have taken interest in long puts of late. The 10-day put/call volume ratio of 0.84 -- measuring buy-to-open activity at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) -- is higher than 90% of the past year's results, suggesting that speculators have been more put-heavier than usual in the past two weeks.
Can GE Extend Massive Gain? Free Analysis Here
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