Hot Stocks In Momentum: Cypress Semiconductor Corporation (NASDAQ:CY), Novartis AG (NYSE:NVS), NuStar Energy L.P. (NYSE:NS)
Cypress Semiconductor Corporation (NASDAQ:CY) recently released that its Q2 2015 results, which comprises the remarks below from its president and CEO, T.J. Rodgers. We are happy to announce strong financial results for the Q2 of 2015, our first full quarter as a combined firm. Our non-GAAP EARNINGS PER SHARE of $0.15 represents a record relative to the last 10 quarters of the Cypress and Spansion pro forma combination. Our sales force is actively cross-selling products from our expanded product portfolio. As a result, we have begun to see an raise in new opportunities at top-tier consumers, particularly in the automotive market. The combined Cypress-Spansion sales force ramped up its effort to cross-sell products from Cypress’s expanded product portfolio during the Q2, securing multiple key design wins and design opportunities at a pace that exceeded internal projections. Shares of Cypress Semiconductor Corporation (NASDAQ:CY) traded at $11.88 by moving down -2.22% with price volatility of 3.99% for a week and 3.37% for a month. Its beta stands at 1.65 times.
Novartis AG (NYSE:NVS) articulated that US FDA has decided Odomzo (sonidegib, formerly LDE225) 200 mg capsules for the treatment of adult patients with locally advanced basal cell carcinoma (laBCC) that has recurred following surgery or radiation therapy, or those who are not candidates for surgery or radiation therapy. “The FDA authorization of Odomzo proposals a new and non-invasive treatment option for a potentially devastating disease that is hard to treat and can be disfiguring. Odomzo is an important addition to our growing portfolio of targeted treatments for advanced skin cancers and underscores our commitment to developing and bringing to market new options for patients,”stated Bruno Strigini, President, Novartis Oncology. Novartis AG (NYSE:NVS) stock has highest price of $103.41 in last session, beginning with a price of $103.30 and reported a loss of -1.21% to close at $101.80 with a day range of $101.58-$103.41. The stock is going forward its 52-week low with 24.37% and moving down from its 52 week high price with -4.72%.
A liquids terminal and pipeline operator, NuStar Energy L.P. (NYSE:NS) declared on Friday that its Q2 net income to limited partners of $42.4 million or $0.54 per unit compared with $43.6 million or $0.56 per unit previous year. Analysts polled by Thomson Reuters estimated earnings of $0.58 per share on incomes of $583.5 million for the quarter. Analysts’ anticipates typically exclude special items. The firm stated that due to reduced volume projections for the remainder of the year on pipelines that serve its Gulf Coast markets, it now expects its fiscal-year 2015 pipeline section EBITDA to be $25 million to $45 million higher than 2014; earlier it estimated an raise of $35 million to $55 million. NuStar Energy L.P. (NYSE:NS) stock hit highest price at $57.54, beginning with a price of $55.17 and reported an advance of 0.96% to close at $55.81 with a day range of $55.17-$57.54. The total market capitalization remained 4.35 Billion, total volume of 355660 shares held in the session was surprisingly higher than its average volume of 294.76 shares.