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DRJ's Blog

June 20, 2012

GOOG - Benchmark cuts target to $615 from $650, shares dip $3.30 in the pre.

ADBE - Adobe trading $30.66, dow $2.20 in the pre. They beat on EPS forecasts by 1 cent on inline rev, then guided to low end of range, setting this sell off in motion. The June 1st low of $29.81 is the first line in the sand, with both $29 & $28 just below that.

IDIX - Idenix released positive clinical data for HCV candidates, shares popping 15 percent in the pre. Could test $12 on the move.

ATU - Actuant Beat EPS forecasts by 1 cent & guided within previous range, but shares slide 5 percent in the pre.

JCP - Earnings estimates lowered at Credit Suisse, shares testing $22 again.

PG - Lowered Q4 EPS guidance citing slower than expected top-line growth in developed markets, shares seem likely to break $60 in the near term.

 

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