ACAS – 24/7 Wall St.

Posts for Ticker ‘ACAS’

Top Day Trader Alerts (GRMN, VG, ABK, ACAS, STEC, JAVA)

These are this morning’s top day trader alert and active trader alert stocks. We have links through to VSInvestor.com on each stock with much more detailed data and analysis on the news, price, and volume:

Garmin Ltd. (GRMN) is up over 3%, but far less than you’d think after earnings were well above estimates.

Vonage Holdings Corporation (NYSE: VG) is down close to 10% despite positive earnings because revenues declined.

Ambac Financial Group, Inc. (NYSE: ABK) is soaring by 25% on a huge earnings per share number, after items of course.

American Capital, Ltd. (NASDAQ: ACAS) is up 18% and this is already well off highs after earnings and a potential debt restructure.

STEC, Inc. (NASDAQ: STEC) is one of the morning’s ugliest with a 30% drop on a idsappointment in its earnings and on at least two analyst downgrades.

Sun Microsystems Inc. (NASDAQ: JAVA) is down 2.4% on the E.U. hurdle noted last night, but this had been down as much as 8% or 9% after the news broke. (No Link)

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: November 4, 2009 – 8:59 am in Pre-Market Activity, ABK, ACAS, GRMN, JAVA, STEC, VG

Top Day Trader Alerts (AEZS, KERX, AGCO, ACAS, CTIC, C, FLEX, CLS, SANM, JBL, OMTR, ADBE)

These are this Wednesday morning’s top pre-market day trader alert and active trader alert stocks moving on unusual trading volume. We have a link through to more color and analysis on price and volume over at VSInvestor.com on each stock:

AEterna Zentaris Inc. (NASDAQ: AEZS) and Keryx Biopharmaceuticals, Inc. (Nasdaq: KERX) are both ramping higher an FDA orphan-drug designation news.

Agco Corp. (AGCO) is trading lower by 7% on lower guidance.

American Capital Ltd. (NASDAQ: ACAS) is surging almost 20% after Corning Incorporated (NYSE: GLW) paid $400 million in cash for shares of another portfolio company.

Cell Therapeutics, Inc. (NASDAQ: CTIC) is up 5% on very active volume on more pixantrone for non-Hodgkin’s lymphoma news, but this is on positive data.

Citigroup, Inc. (NYSE: C) is up again on strong volume… we have color on prior day’s price levels here for inference.

Flextronics International Ltd. (NASDAQ: FLEX) is surging by almost 9% this morning after a Jim Cramer tout last night.. we are watching EMS rivals like Celestica Inc. (NYSE: CLS), Sanmina-SCI Corp. (NASDAQ: SANM) and Jabil Circuit Inc. (NYSE: JBL) on this.

Omniture, Inc. (NASDAQ: OMTR) is the biggest volume stock in the pre-market at NASDAQ after getting acquired by Adobe Systems, Inc. (NASDAQ: ADBE).

You can join our open email distribution list which goes out several times per week for top analyst upgrades and downgrades, top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG
SEPTEMBER 16, 2009

Posted on: September 16, 2009 – 9:15 am in After-Hours Activity, Pre-Market Activity, Trading Alert, ACAS, ADBE, AEZS, AGCO, C, CLS, CTIC, FLEX, JBL, KERX, OMTR, SANM

Top Day Trader Alerts (ACAS, GRMN, NVAX, ONT, PG, USU, WFMI)

These are this morning’s top day trader and active trader alerts. We have links through to VSInvestor.com for more detailed price and volume analysis on each stock:

American Capital Ltd. (NASDAQ: ACAS) is down a sharp 20% on a wide loss and issue on its covenants.

Garmin Ltd. (NASDAQ: GRMN) is up huge in pre-market trading after earnings were less-bad.

Novavax, Inc. (Nasdaq: NVAX) is soaring as one of NASDAQ’s most active issues. The company has manufactured a virus-like particle vaccine candidate against the H1N1 pandemic influenza virus.

On2 Technologies (NYSE AMEX: ONT) is up almost 55% at $0.59 after a Google buyout deal.

Procter & Gamble Co. (NYSE: PG) is down almost 4% on weak earnings metrics and choppy guidance.

USEC Inc. (NYSE: USU) is up over 12% after a DOE delay on the loan guarantee application.

Whole Foods Market, Inc. (NASDAQ: WFMI) is hitting 52-week highs on strong earnings and a slight return to growth.

The 24/7 Wall St. Team

Posted on: August 5, 2009 – 8:56 am in Pre-Market Activity, Trading Alert, ACAS, GRMN, NVAX, ONT, PG, USU, WFMI

Unusual Dividend Tracking (CAT, CLX, MSFT, TGT, TSCM, VMC, ACAS, IAF)

Dividends in general are used as the historic underlying measurement of companies and their abilities to stay profitable at current levels. Today and last night we have seen some rather unusual dividend news or “in addition to the dividend news” from the likes of Caterpillar Inc. (NYSE: CAT), Clorox Co. (NYSE: CLX), Microsoft Corp. (NASDAQ: MSFT), Target Corp. (NYSE: TGT), TheStreet.com, Inc. (NASDAQ: TSCM), and Vulcan Materials Co. (NYSE: VMC). American Capital Ltd. (NASDAQ: ACAS) takes the cake for unusual dividends, and the payout at the Australia Equity Fund Inc. (AMEX: IAF) closed-end fund also borders one the unusual.

Posted on: June 11, 2009 – 11:08 am in Dividend, Shareholder Issues, Value Investing, ACAS, CAT, CLX, IAF, MSFT, TGT, TSCM, VMC

The 52-Week Low Club (GE)(AIG)(MET)(ACAS)(GENZ)

GE (GE) Growing concern that financial division will have heavy write-offs. Drops to $6.85 from a 52-week high of $38.52.

MetLife (MET) One of many insurance companies being pulled down by AIG (AIG). Falls to $13.41 from 52-week high of $65.50.

American Capital (ACAS) Credit rating cut. Sells off to $.85 from 52-week high of $37.30.

Genzyme (GENZ) FDA delays approval of one of the company’s drugs. Plunges to $50.05 from 52-week high of $83.97.

Douglas A. McIntyre

Posted on: March 3, 2009 – 3:59 pm in HI/LOW, ACAS, AIG, GE, GENZ, MET

Top Pre-Market Analyst Downgrades (AFFX, APD, ACAS, AMLN, AMAT, AINV, CTXS, DRYS, XOM, IRBT, LRCX, NFLX, NSR, NHY, NYX, BTU, UPS)

These are some of the top pre-market analyst downgrades and cautious calls we are seeing this Thursday morning:

Affymetrix (AFFX) Cut to Underweight at JPMorgan.
Air Products (APD) Cut to Neutral at JPMorgan.
American Capital (ACAS) Cut to Underperform at KBW.
Amylin Pharma (AMLN) Cut to Sell at Canaccord.
Applied Materials (AMAT) Started as Sell with $8 target at Auriga.
Apollo Investment (AINV) Cut to Market Perform at KBW.
Citrix Systems (CTXS) Cut to Neutral at Credit Suisse.
DryShips (DRYS) Cut to Underperform at Oppenheimer.
Exxon Mobil (XOM) Cut to Neutral at Goldman Sachs.
iRobot (IRBT) Cut to Neutral at JPMorgan.
Lam Research (LRCX) Cut to Underperform at Credit Suisse.
Netflix (NFLX) Started as Sell at Maxim Group.
Neustar (NSR) Cut to Neutral at JPMorgan.
Norsk Hydro (NHY) Cut to Market Perform at Bernstein.
NYSE Euronext (NYX) Cut to Neutral at Piper Jaffray.
Peabody Energy (BTU) Cut to Market Perform at FBR.
United Parcel Service (UPS) Cut to Underweight at Morgan Stanley.

Jon C. Ogg
January 29, 2009

Posted on: January 29, 2009 – 7:57 am in Analyst Calls, ACAS, AFFX, AINV, AMAT, AMLN, APD, BTU, CTXS, DRYS, IRBT, LRCX, NFLX, NHY, NSR, NYX, UPS, XOM

Layoffs Hitting Harder In Private Equity (BX, ACAS)

Cerberus Capital Management was one of the top private equity firms any MBA graduate would have wanted as their career destination. But this week may mark another stark reminder that private equity is in decline The Financial Times reported that Cerberus is set to cut about 10% of its workforce.

Posted on: January 20, 2009 – 9:04 am in Labor & Unions, Private Equity, ACAS, BX

Top Pre-Market Analyst Upgrades (ACAS, ANDE, CLX, CLB, EMC, IBKC, MFC, KWK)

These are some of the top pre-market analyst upgrades and positive calls we are seeing this Friday morning:

American Capital (ACAS) Raised to Market Perform at FBR.
Andersons (ANDE) Raised to Buy at BB&T.
Clorox (CLX) Started as Buy at Jefferies.
Core Labs (CLB) Started as Buy at Jefferies.
EMC (EMC) Started as Buy at Piper Jaffray.
IberiaBank (IBKC) Raised to Outperform at Baird and Raised to Market Perform at KBW.
Manulife Financial (MFC) Raised to Outperform at CIBC.
Quuicksilver Resources (KWK) Started as Buy at Collins Stewart.

Jon C. Ogg
December 12, 2008

Posted on: December 12, 2008 – 8:38 am in Analyst Calls, ACAS, ANDE, CLB, CLX, EMC, IBKC, KWK, MFC

Top Pre-Market Analyst Downgrades (AA, AZ, ACAS, CAR, CMA, HTZ, KFN, SGMO, TM)

These are the top early bird analyst downgrades we are seeing with more than two hours to the open on this Tuesday morning:

Alcoa (NYSE: AA) Cut to Market Perform at FBR.
Allianz (NYSE: AZ) Cut to Hold from buy at Citigroup.
American Capital (NASDAQ: ACAS) Cut to Market Perform at William Blair; Cut to Hold at BB&T.
Avis Budget (NYSE: CAR) Cut to Underweight at Barclays.
Comerica (NYSE: CMA) Cut to Hold at Deutsche Bank.
Hertz (NYSE: HTZ) Cut to Equal Weight at Barclays.
KKR Financial (NYSE: KFN) Cut to Sell at Citigroup.
Sangamo Biosciences (NASDAQ: SGMO) Cut to Neutral at Merriman Curhan Ford; Cut to Sell at Piper Jaffray.
Toyota (NYSE: TM) Cut to Underweight at HSBC.

Jon C. Ogg
November 11, 2008

Posted on: November 11, 2008 – 7:34 am in Analyst Calls, AA, ACAS, AZ, CAR, CMA, HTZ, KFN, SGMO, TM

24/7 Wall St. Day Trading Alerts (STEM)(DRYS)(ACAS)(FDRY)(BRCD)(CYCL)(T)

Good news out of the sector is driving StemCells (STEM) up almost 20%. Details here.

DryShips (DRYS) is spiking up on news of the China stimulus package.

American Capital (ACAS) suspended its dividend sending its shares down sharply.

Foundry Networks (FDRY) is up on news of a revised buyout agreement from Brocade (BRCD).

Centennial Communications (CYCL) is staging a furious rally on a buyout by AT&T (T)

Douglas A. McIntyre

Posted on: November 10, 2008 – 10:15 am in Uncategorized, ACAS, BRCD, CYCL, DRYS, FDRY, STEM, T

Top Pre-Market Analyst Downgrades (ACAS, BSX, CMVT, FSS, HPY, MRT, NENG, OTEX, RRI, RUTH)

These are some of the downgrades and cautious analyst calls we are seeing this Wednesday morning:

American Capital (ACAS) Cut To Underweight from Neutral By JP Morgan.
Boston Scientific (BSX) Cut to Underperform at Merrill Lynch.
Comverse Tech (CMVT) Cut to Sell at Canaccord.
Federal Signal Corp. (FSS) Cut to Sell at Goldman Sachs.
Heartland Payment Systems (HPY) Cut to Underweight at JPMorgan.
Morton’s Restaurant (MRT) Cut to Market Perform at Wachovia.
Network Engines (NENG) Cut Hold at Cantor Fitzgerald.
Open Text (OTEX) Cut to Hold at Canaccord.
Reliant Energy (RRI) Cut to Neutral at Credit Suisse.
Ruth’s Hospitality (RUTH) Cut to Market Perform at Wachovia.

Jon C. Ogg
October 1, 2008

Posted on: October 1, 2008 – 6:50 am in Analyst Calls, ACAS, BSX, CMVT, FSS, HPY, MRT, NENG, OTEX, RRI, RUTH

Companies Not On SEC Short Sale Ban, But Should Be

Frankly, we think the ban on short sales is not the right way to run a free market. But it doesn’t matter what we think. These are the new rules, but they do not always make sense. Consider the stocks listed below that have many of the same issues as the financial companies but did not make the SEC’s list.

Posted on: September 19, 2008 – 1:07 pm in Regulation, Short Interest, ACAS, AXP, CIT, COF, FMD, GE, GM, HBC, PAY, SWIM, WSDT

Top 10 Pre-Market Analyst Calls (AA, ACAS, NLY, ARRS, BYD, CCJ, INTU, ISRG, MCHP, PETM)

These are ten of the analyst calls we are focusing on this Wednesday morning in the early pre-market hours:

Alcoa (NYSE: AA) cut to Neutral at JP Morgan.
American Capital (NASDAQ: ACAS) started as Neutral at Robert W. Baird.
Annaly Mortgage (NYSE: NLY) cut to Neutral at JPMorgan.
Arris (NASDAQ: ARRS) cut to Perform at Oppenheimer.
Boyd Gaming (NYSE: BYD) raised to Neutral at Banc of America.
Cameco (NYSE: CCJ) raised to Buy at UBS.
Intuit (NASDAQ: INTU) started as Neutral at Goldman Sachs.
Intuitive Surgical (NASDAQ: ISRG) started as Outperform at William Blair.
Microchip (NASDAQ: MCHP) cut to Neutral at JPMorgan.
PETsMART (NASDAQ: PETM) raised to Overweight at JPMorgan.

Jon C. Ogg
June 11, 2008

Posted on: June 11, 2008 – 6:31 am in Analyst Calls, AA, ACAS, ARRS, BYD, CCJ, INTU, ISRG, MCHP, NLY, PETM

Top 10 Pre-Market Analyst Calls (ACAS, AAPL, CAi, CMA, DBD, GYI, UST, WHQ, YHOO)

These are some of the analyst calls affecting shares this Monday morning:

American Capital Strategies (NASDAQ: ACAS) downgraded to Sell at UBS.
Apple (NASDAQ: AAPL) raised target to $220 from $200 at RBC.
CACI International (NYSE: CAI) raised to Buy at Jefferies & Co.
Comerica (NYSE: CMA) raised to Buy at Deutsche Bank.
Countrywide (NYSE: CFC) cut tp underperform at FBR.
Diebold (NYSE: DBD) raised to Buy at KeyBanc Capital Markets.
Getty Images (NYSE: GYI) downgraded to Market Perform at William Blair.
UST Inc. (NYSE: UST) raised to Buy at Deutsche Bank.
W-H Energy Services (NYSE: WHQ) raised to Buy at Deutsche Bank.
Yahoo! (NASDAQ: YHOO) downgraded to Sell at Citigroup.

Jon C. Ogg
May 5, 2008

Posted on: May 5, 2008 – 7:12 am in Analyst Calls, AAPL, ACAS, CAi, CMA, DBD, GYI, UST, WHQ, YHOO

IPO FILING: American Capital Agency Corp. (AGNC, ACAS)

A newly created firm called American Capital Agency Corp. has filed to come public. This is a newly-organized Delaware corporation that was formed to invest exclusively in single-family residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.

American Capital Strategies, Ltd. (NASDAQ: ACAS) has a subsidiary called American Capital Agency Management, LLC, and it will manage the new operations. This new IPO will trade under the ticker "AGNC" on NASDAQ. American Capital Strategies will also purchase $50 million of the common stock offering in a private placement.

There are no operations to date, but this lists Citigroup and Merrill Lynch as the two underwriters. This will trade as a REIT, and it almost has the same ring of some vulture fund type vehicles that have recently been filed.

Jon C. Ogg
March 17, 2008

Posted on: March 17, 2008 – 4:42 pm in IPOs, Private Equity, REIT, ACAS, AGNC

Blackstone Expedites IPO Date (BX)

Blackstone Group LP (BX-NYSE) is now expecting to price its IPO on this Thursday evening for a Friday trade date, one week earlier than originally planned. The company has apparently ended the road show on more than enough demand for its shares. The good news is that this means all that negative publicity and all of the preemptive tax issues are not killing the stock. This is also probably to stem all of the pre-IPO coverage around the company itself rather a key individual who keeps staying in the media.

The IPO is expected to be in the $4 Billion area raised as the company is selling roughly a 12% stake in partnership units at an indicated price of $29.00 to $31.00. Last week we made a note that the press media giving near-Tabloid coverage to it could affect valuations and could even impact the timing. Perhaps this will curb that notion.

Depending on how this is received, you are likely to see more private equity firms and hedge funds come public later this summer. The only ‘recent’ IPO even close to this was the earlier IPO for Fortress Investment Group LLC (FIG-NYSE). There are many other private equity and public investment firms that have been public for some time, and here is a list if you would like to review: American Capital Strategies (ACAS-NASDAQ), Allied Capital Corp (ALD-NYSE), Apollo Investment Corp (AINV-NASDAQ), and more.

Jon C. Ogg
June 19, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 19, 2007 – 9:32 am in IPOs, Private Equity, ACAS, AINV, ALD, BX, FIG

Blackstone IPO Terms Set

The Blackstone Group L.P. has set its IPO terms for its 133,333,334 million limited partnership units in an initial range of $29.00 to $31.00 per unit. These are units rather than ’shares’ because of the limited partner structure. Its units will trade under the ticker "BX"on the New York Stock Exchange. This also sets the final terms with the People’s Republic of China’s "State Investment Company" prior $3 billion stake of non-voting common units at a purchase price per common unit equal to 95.5% of the initial public offering price in this offering. The number of non-voting common units purchased by the State Investment Company will be reduced if necessary so that its equity interest in Blackstone remains under 10%.

A 20 million unit overallotment has been granted to underwriters, and at the high-end of the offering it would generate a $4.753+ Billion offering. Morgan Stanley and Citigroup are the lead underwriters with co-managers listed as Merrill Lynch, Credit Suisse, Lehman Brothers, and Deutsche Bank. This private equity and public equity manager has rapidly grown in recent years, as you can tell by its assets under management: $13.3 Billion in 2000, $27.0 Billion in 2003, $69.5 Billion in 2006, and $88.37 Billion as of current assets under management as of May 1, 2007.

Its 2006 revenues were $1.12 Billion plus gains of $7.587 Billion, and net income was listed as $2.266 Billion for the year. After this offering and based on the mid-point pricing of $30.00 Blackstone is indicated to have a market capitalization in excess of $32.5 Billion.

As far as some size differences, you can see Blackstone will be the horse of the public private equity, hedge fund, and alternative investment vehicles in the US: Fortress Investment Group, LLC (FIG-NYSE) $11.1 Billion market cap; American Capital Strategies (ACAS-NASDAQ) $7.8 Billion market cap; Allied Capital Corp. (ALD-NYSE) $4.9 Billion market cap. Franklin Resources (BEN-NYSE) has perhaps the highest market cap in mutual fund advisory and asset management of the public companies in its sector with a $34 Billion market cap, with traditional assets under management stated as $601 Billion.

Jon C. Ogg
June 4, 2007