Today’s top day trader and active trader alerts are somewhat tied to earnings, but many movers are not on earnings. Today’s cast of characters includes Abercrombie & Fitch (NYSE: ANF), Akeena Solar, Inc. (NASDAQ: AKNS), Ambac Financial Group Inc. (NYSE: ABK), American International Group, Inc. (NYSE: AIG), Cell Therapeutics, Inc. (NASDAQ: CTIC), Fidelity National Information Services (NYSE: FIS), Home Depot, Inc. (NYSE: HD), Netflix, Inc. (NASDAQ: NFLX), Spreadtrum Communications, Inc. (NASDAQ: SPRD), and Wal-Mart Stores, Inc. (NYSE: WMT). The news and the moves are listed below with color on each where applicable.
Abercrombie & Fitch (NYSE: ANF) is up even though the apparel retailer said its loss narrowed in Q1 as sales improved. The apparel retailer loss was wider than analysts expected. Shares are up 2.3% at $41.74 on thin trading volume.
Akeena Solar, Inc. (NASDAQ: AKNS) is soaring after announcing that it has partnered with Westinghouse to Create Westinghouse Solar. Shares are up a whopping 50% at $1.40 on over 500,000 shares. The 52-week range is $0.89 to $1.98.
Ambac Financial Group Inc. (NYSE: ABK) had a disappointing earnings report. The company said its first quarter loss rose to $690.1 million, up from a loss of $392.2 million a year ago. Ambac shares were up big from lows this year. Shares were down 7% at $1.36 on over 1 million shares so far this morning.
American International Group, Inc. (NYSE: AIG) is trading up on thin volume this morning. The AIA sale for Asian operations appears to be on after the Prudential plc rights offering news yesterday. Shares are up 1.4% at $39.55 on over 10,000 shares in the pre-market.
Cell Therapeutics, Inc. (NASDAQ: CTIC) is up… The news from the company is that Pixantrone was associated with up to a 4-fold reduction in severe cardiac toxicity when compared to Doxorubicin in a CHOP-R regimen. Shares are up 9.7% at $0.51, although this one has been so volatile in the past that a 9% move may feel like a normal day at the office.
Fidelity National Information Services (NYSE: FIS) is trading down after its private equity deal blew apart. The company wanted more than the bid and Blackstone has reportedly backed away. Shares are down almost 6% at $27.20 on about 600,000 shares this morning.
Home Depot, Inc. (NYSE: HD) is after a disappointing Lowe’s report yesterday. Earnings were up 41% but rather than lowering guidance it raised its 2010 guidance. Shares are up 1% at $35.91 on over 50,000 shares.
Netflix, Inc. (NASDAQ: NFLX) is down after Best Buy’s online video service is set to debut. Shares are down 2% at $104.21 on almost 25,000 shares this morning.
Spreadtrum Communications, Inc. (NASDAQ: SPRD) in China said that it made $0.17 adjusted EPS versus a loss last year. Shares closed at $8.18 yesterday and shares are trading up almost 20% at $9.80 on about 230,000 shares.
Wal-Mart Stores, Inc. (NYSE: WMT) is rare to have as a pre-market most active but it is active after earnings were mixed. Earnings were $0.88 EPS, up from $0.77 EPS a year ago and up from $0.85 EPS expected from Thomson Reuters. While guidance is mixed, shares are indicated up marginally. Shares are up 1% at $53.25 on almost 300,000 shares.
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