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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:42 EDTAYI, HUBBHubbell shares should be bought following yesterday's drop, says Oppenheimer
After Hubbell's (HUBB) stock dropped yesterday due to weaker than expected results from its peer Acuity Brands (AYI), Oppenheimer doesn't believe that Acuity's shortfall indicates that Hubbell will also miss expectations. The firm thinks that Hubbell has several positive catalysts, and it maintains an Outperform rating on the shares.
News For HUBB;AYI From The Last 14 Days
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January 20, 2015
16:09 EDTAYICree says LED lighting market still in early stages
Cree (CREE) CEO Chuck Swoboda said in the company's earnings release, "We made solid progress in Q2 with operating margin higher than targeted due to an improvement in gross margins in our lighting business. The market for LED lighting is still in the early stages, our new product pipeline is strong, sales momentum is building and our brand is growing in the market. As evidenced by our significant share repurchases in Q2, we believe we are on the right track to continue to grow the company and increase profits over the next several years." Cree peers include SemiLEDs (LEDS) and Acuity Brands (AYI). Cree shares are up 6% in after-hours trading to $34.40 after reporting better than expected Q2 results.

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