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Stock Market & Financial Investment News

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August 28, 2013
10:53 EDTCREE, VECO, LEDS, AIXGCree advances after analyst says survey bodes well for company
Shares of LED light bulb maker Cree (CREE) are climbing after research firm Piper Jaffray wrote that consumers' attitudes towards lighting products bode well for the company. WHAT'S NEW: In a survey of consumers, 85% of respondents said they care more about the energy efficiency, quality and lifetime of light bulbs than their price, up from 74% of consumers who had expressed those sentiments in a survey last year, Piper analyst Jagadish Iyer wrote in a note to investors. Moreover, 60% of those who responded to this year's survey are willing to pay $10-$15 for a LED light bulb, while 30% are willing to pay up to $20, Iyer reported. Cree should benefit from these trends, as it appears that competitors that sell cheaper but lower quality LED light bulbs will have difficulty gaining momentum in the consumer market, the analyst contended. Meanwhile, over 90% of respondents to the survey considered themselves knowledgeable about LED lighting, up from 73% a year ago, the analyst added. Cree's revenue from consumer bulbs should surge to $28 million by the fourth quarter of 2014, up from about $14 million last quarter, the analyst wrote. He reiterated a $71 price target and Overweight rating on Cree's shares. PRICE ACTION: In mid-morning trading, Cree climbed 3.43% to $55.70. OTHERS TO WATCH: Other companies that produce LED products or equipment used to make LED products include Veeco Instruments (VECO), Aixtron (AIXG), and SemiLEDS (LEDS).
News For CREE;VECO;LEDS;AIXG From The Last 14 Days
Check below for free stories on CREE;VECO;LEDS;AIXG the last two weeks.
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August 27, 2014
07:40 EDTCREEStephens to hold a field trip
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05:15 EDTCREECree, Lextar Electronics announce LED cooperation
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August 26, 2014
13:49 EDTCREE, LEDSIndia switching all streetlights to LED, Times of India reports
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August 21, 2014
09:51 EDTCREE, LEDSChina denies plans for raising LED tariffs, LEDinside reports
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09:44 EDTVECOVeeco management to meet with UBS
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August 18, 2014
10:57 EDTCREEOptions with decreasing implied volatility
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06:06 EDTCREECree implied volatility of 28 at lower end of index mean range
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