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Stocks in the News: SNDK, GOOG, JBL, CAT, INTC

 
 
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Pompano Beach, FL -- (SBWIRE) -- 09/26/2012 -- SanDisk Corporation (NASDAQ:SNDK) fell 3.19% to $42.49 after the chipmaker's stock was downgraded to market perform from market outperform by JMP Securities. In a note, analyst Alex Gauna cited "weakness in computing trends and supply constraints."

Shares of SanDisk have risen more than 17% over the last three months, but are down 13% year-to-date.

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Google Inc (NASDAQ:GOOG) moved down 0.49% to $745.48 on over 2.17 million shares after Canaccord Genuity raised its price target to $850 from $700. Analyst Michael Graham argued in a note that the stock "can continue its recent momentum," citing several factors, including "better cost-per-click trends creating an upward bias to revenue estimates" and the "dissipation" of worries of the impact of its acquisition of Motorola Mobility.

To Get complete technical analysis on GOOG go here http://stockmarketnation.com/?company=GOOG

Jabil Circuit, Inc. (NYSE:JBL) lost 9.49% to $18.98 on a traded volume of 5.18 million shares. The company reported a fiscal fourth-quarter profit of $82.8 million, or 39 cents a share, compared with earnings of $114.3 million, or 52 cents a share, in the same period a year ago. Revenue for the electronics contract manufacturer was flat at $4.3 billion.

Analysts surveyed by FactSet had forecast Jabil to earn 58 cents a share on $4.23 billion in sales. For its fiscal first quarter, Jabil forecast earnings excluding one-time items of 51 cents to 62 cents a share, on $4.3 billion to $4.5 billion.

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Caterpillar Inc. (NYSE:CAT) went down 0.98% to $86.16 on a traded volume of 3.20 million shares as the company yesterday projected 2015 earnings of $12 to $18 a share based on estimated revenue of $80 billion to $100 billion.

Will CAT Continue to Fall? Get Our Special Report To Get complete technical analysis on CAT go click my link

Intel Corporation (NASDAQ:INTC) added 0.02% to $22.54 on a traded volume of 16.05 million shares as Caris & Co. analyst Craig Ellis trimmed his ratings on Intel to above average from buy.

To Get complete technical analysis on INTC go click my link http://stockmarketnation.com/?company=INTC

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