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Top Day Trader Alerts (ALY, ADSK, LLY, JWN, NVDA, PDLI, PRXI, SPRD, TSTC, TRBN, UNCA)

Administrator — Fri, 13 Aug 2010 12:56:03 +0000

Friday the 13th is not making the day trader and active trader alerts go away. There are many stocks on the move this morning, some on earnings and some on other news. We are seeing the top alerts in shares of Allis-Chalmers Energy, Inc. (NYSE: ALY), Autodesk Inc. (NASDAQ: ADSK), Eli Lilly & Co. (NYSE: LLY), Nordstrom, Inc. (NYSE: JWN), NVIDIA Corporation (NASDAQ: NVDA), PDL BioPharma, Inc. (NASDAQ: PDLI), Premier Exhibitions Inc. (NASDAQ: PRXI), Spreadtrum Communications Inc. (NASDAQ: SPRD), Telestone Technologies Corp. (NASDAQ: TSTC), Trubion Pharmaceuticals, Inc. (NASDAQ: TRBN), and Unica Corporation (NASDAQ: UNCA). We have news and the moves, along with additional trading color where applicable.

Allis-Chalmers Energy, Inc. (NYSE: ALY) is soaring on news that Seawell is offering to buy the company for $890 million or $4.25 per share in cash, a 85% premium to yesterday’s $2.30 close. Shares are up 61% at $3.71 on almost 500,000 shares.

Autodesk Inc. (NASDAQ: ADSK) is trading higher after $0.36 EPS vs. $0.27 expected; Revenue grew by 14% to $472.8 million vs. $459 million expected. Shares are trading up 3.5% at $28.41 on over 50,000 shares.

Eli Lilly & Co. (NYSE: LLY) is trading down after a patent case ruling against Lilly for Strattera, and that patent was out to 2017. Lilly also announced job cuts and lower 2010 guidance. Shares are down 4.2% at $35.05 on over 30,000 shares.

Nordstrom, Inc. (NYSE: JWN) posted 39% income gains but its outlook was unchanged. Shares are trading down 5% at $31.76 on thin volume.

NVIDIA Corporation (NASDAQ: NVDA) missed earnings estimates as many feared but the stock had already traded off so much that investors are buying the stock this morning. Shares are up 4.25% at $9.34 against a 52-week trading range of $8.65 to $18.96.

PDL BioPharma, Inc. (NASDAQ: PDLI) is getting hit after it received a letter from Genentech relating to European patents. Shares are now down 10% at $5.57 on more than 125,000 shares.

Premier Exhibitions Inc. (NASDAQ: PRXI) is soaring in reaction to its press release saying that the United States District Court for the Eastern District of Virginia, Norfolk Division, has issued an opinion granting a salvage award to RMS Titanic Inc. The Company has been awarded 100% of the fair market value of the artifacts, which the Court set at approximately one hundred ten million dollars. Shares are trading up 98% at $2.30 on about 9,000 shares in the pre-market. Average volume is roughly 72,000 shares, the 52-week range was $0.68 to $1.65, and the pre-news market cap was listed as $54.3 million.

Spreadtrum Communications Inc. (NASDAQ: SPRD) is trading higher after the Chinese maker of baseband chips for wireless devices significantly beat earnings expectations and raised guidance b a similar amount for the quarter ahead. Shares are up 8.7% at $10.72, but volume is thin. The 52-week range is $2.67 to $11.15 and the average volume is about 850,000 shares.

Telestone Technologies Corp. (NASDAQ: TSTC) is getting whacked this morning after earnings on thin trading volume. Shares were down 18% last night and the drop right now is 16% at $11.42. Its 52-week range is $4.24 to $24.94 and average volume is 324,000 shares.

Trubion Pharmaceuticals, Inc. (NASDAQ: TRBN) is soaring after signing a definitive merger agreement with Emergent BioSolutions Inc. (NYSE: EBS); holders will receive an upfront payment of $1.365 per share in cash and 0.1641 shares of Emergent BioSolutions common stock, representing $4.55 per share before dilution. Trubion shares are up 49% at $4.49, but trading volume is very thin as it is a micro-cap stock with low volume. The 52-week range is $2.29 to $6.75.

Unica Corporation (NASDAQ: UNCA) is the daily double after IBM agreed to pay $21.00 per share in cash versus a $9.55 close. Shares are up 117.8% at $20.80 on nearly 1 million shares. This is an all-time high for Unica.

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JON C. OGG

Filed under: General Tagged: ADSK, ALY, JWN, LLY, NVDA, PDLI, PRXI, SPRD, TRBN, TSTC, UNCA

Allis-Chalmers… Too Little, Too Late? (ALY)

247wallst — Fri, 06 Feb 2009 15:25:11 +0000

We noted this morning that Allis-Chalmers Energy Inc. (NYSE:ALY) had been downgraded and that the oil field services sector as a whole faced a more general turn south from at least S&P with warnings of more oil drillers and services sector company downgrades. In an effort to stop the bleeding, Allis-Chalmers announced cost reduction steps that it says will reduce its costs by $21.7 million annually. Included in that number are 235 jobs that will be cut.

A back-of-the-envelope calculation produces annual cost of revenues ofabout $500 million and G&A expenses of about $60 million. Thatmeans that Allis-Chalmers can come up with savings of just 4%.

If companies want to please the ratings agencies, even those in the oilpatch, then it might be reasonable to expect that more cost cuts arecoming.

The company’s shares are fluctuating widely in early trading, and fellbelow the 52-week low of $2.95/share briefly before moving back over$3/share.

Paul Ausick
February 6, 2009

Posted in Oil & Gas Tagged: ALY

Oil Services & Drillers Brace For S&P Ratings Cut (ALY, HERO, PKD)

247wallst — Thu, 05 Feb 2009 21:39:05 +0000

Standard & Poor’s Ratings Services downgraded several oilfield services and drilling companies. Among the companies the ratings agencies took action were Allis-Chalmers Energy Inc. (NYSE: ALY), Hercules Offshore Inc. (NASDAQ: HERO) and Parker Drilling Co. (NYSE: PKD). The problem is that it does not stop here. S&P said its review is not over and it expects more negative ratings actions over the coming days.

S&P expects thatfinancial performance and credit quality will deterioratesignificantly. It lists those exposed to land and shallow waterdrilling activity and voices concern that some players may bump upagainst covenants governing their credit facilities.

S&P expects meaningful cuts announced in North American explorationand production in 2009 and possibly 2010. Below are the downgrades:

Downgraded                            To             From
Allis-Chalmers Energy Inc.
Corporate credit rating       B/Negative/–    B+/Negative/–
Outlook Action                         To             From
Hercules Offshore Inc.
Corporate credit rating       BB-/Negative/– BB-/Stable/–
Parker Drilling Co.
Corporate credit rating       B+/Stable/–    B+/Positive/–
Stewart & Stevenson LLC
Corporate credit rating       B/Stable/–    B/Positive/–
Global Geophysical Services Inc.
Corporate credit rating       B-/Negative/– B-/Developing/–

Jon C. Ogg
February 5, 2009

Posted in Analyst Calls, Bonds, Oil & Gas Tagged: ALY, HERO, PKD

Pre-Market Analyst Calls (June 5, 2007)

247wallst — Tue, 05 Jun 2007 06:37:56 +0000

AAP raised to Neutral at JPMorgan.
ALDN cut to Mkt Perform at FBR.
ALY started as Outperform at Wachovia.
BEBE cut to Mkt Perform at FBR.
BEN cut to Underweight at JPMorgan.
BHP raised to Buy at Citigroup.
CPO started as Buy at BB&T.
CRZO started as Buy at Sun Trust Robinson Humphrey.
FIF raised to Outperform at Piper Jaffray.
HAS cut to Underweight at JPMorgan.
JNPR cut to Neutral at UBS.
OCNF started as Buy at Cantor Fitzgerald.
OHI started as Neutral at UBS.
OPWV cut to Underweight at JPMorgan; cut to Underperform at CIBC.
ORBC started as Mkt Perform at Piper Jaffray.
REG started as Neutral at Baird.
SFLY started as Strong Buy at JMP Securities.
SWIR raised to Outperform at CIBC.
SLR raised to Neutral at Credit Suisse.
TELK cut to Mkt Perform at Wachovia.
TRMP cut to Underperform at Bear Stearns.
WRI started as Outperform at Baird.
XEC cut to Neutral at UBS.

Jon C. Ogg
June 5, 2007