QUALCOMM Continue To Hit Record High (LNVGY, IGT, HIT, QCOM)

Lenovo Group Limited (ADR)(PINK:LNVGY) has been showing very smooth rally so far this year and has gained over 37% over the same period. Moreover, In mid February, the stock made a new 52-week high of $18.57 and then pulled back by about 10% in the next one month. Over the past one week, the stock has climbed over 5.50%. The stock is now trading higher by 0.67% to $18.03. From the technical prospective, the stock looks bullish with stock prices trading above 50-day and 200-day moving averages.

International Game Technology(NYSE:IGT) shares are down marginally rising about 4% in the past one week. Yesterday, Baroon’s reported that more states are legalize gambling and demand in Asia grows. IAG already has 50 percent of the installed base of nearly one million slot machines in North America, and management said it expects to get a 45 to 50 percent share of new orders in 2012, Barron's said.

Hitachi, Ltd. (ADR)(NYSE:HIT) continued to hit multi-year high and was recently up 0.33% to $63.29 after hitting session high of $63.51. Yesterday, the stock ended higher about 5.50% higher. Today, the company said that it is planning to reduce its annual operating costs by 5% over the next four years, in order to invest more in its growing infrastructure and telecommunications businesses.Hitachi said that it aimed to achieve the 5 percent cost reduction by the financial year ending in March 2016 through increasing overseas purchases of materials and trimming office and production expenses.

QUALCOMM, Inc.(NASDAQ:QCOM) continued to hit record high in today’s session and added 0.10% to $68.66 after hitting an all-time high of $68.87. Yesterday, the stock was up about 35 after analyst at Morgan Stanley upgraded the stock lifted their price target on the stock to $78 as new product offerings will drive growth at the company. With the higher price target, Morgan Stanley raised its EPS estimates and maintained its rating.