Ubiquiti Networks BETRAYED by Fake Products and 4 Hot Stocks Moving the Market

Ubiquiti Networks Inc (NASDAQ:UBNT) has been downgraded by UBS Investment Research and Wedbush Securities Inc . On Thursday, Ubiquiti stated that it was facing a group of “very resourceful” former distributors, who are aware that its sales channel and have been able to get the company’s Intellectual Property in China. The company stated that the group has set up manufacturing facilities and has placed Ubiquiti’s products in legitimate sales channels, which misleads customers to consider fake products as original ones. Shares of Ubiquiti Networks Inc are trading 41.46% lower today.

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NVIDIA Corporation (NASDAQ:NVDA) gained in late trading after it predicted Q3 sales which exceeded analysts’ estimates due to the large demand for processors used in tablet devices which will be coming to market in the current quarter. The company’s revenue for the period that ends in October will total $1.15 billion to $1.25 billion, the Santa Clara, California-based company claimed in a statement yesterday. Analysts estimated $1.09 billion on average, according to data gathered by Bloomberg. Shares rose as much as 6.8 percent after the report. Shares of NVIDIA Corporation are trading 0.07% higher today.

Scotts Miracle-Gro Co (NYSE:SMG) is prepared for the fall campaign too, the campaign to elect a new president of the United States. The company openly supports Mitt Romney, the Republican candidate who is to formally accept his party’s nomination at the Republican National Convention later this month in Tampa. Shares of Scotts Miracle-Gro Co are trading 0.97% higher today.

Dunkin’ Brands (NASDAQ:DNKN), the Canton-based parent company of Dunkin’ Donuts and Baskin-Robbins, announced Friday that the previously announced underwritten public offering by certain stockholders of 21,754,659 shares of its common stock was commenced by the underwriter to purchasers in one or more transactions on The Nasdaq Global Select Market. Shares of Piedmont Natural Gas Company Inc. are trading 1.27% lower today.

Bank of America Corporation (NYSE:BAC): U.S. regulators directed five of the biggest banks in the nation, including Bank of America and Goldman Sachs (NYSE:GS), to build plans to stave off collapse if they faced serious problems. This emphasizes that the banks could not count on government help, according to Reuters. Shares of Bank of America Corporation are trading 0.19% lower today.

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