24/7 Wall St. » ANGO

Market Close: Big Winners & Losers for March 8, 2013 (AQ, III, MGPI, WG, BVSN, SKUL, SUTR, PGRX, ANGO, TECUA)

Paul Ausick — Fri, 08 Mar 2013 21:14:16 +0000

Here are today’s five biggest gaining stocks at closing:

Acquity Group Ltd. (NYSEMKT: AQ) is up 34.4% at $8.25.

Information Services Group Inc. (NASDAQ: III) is up 25.7% at $1.81.

MGP Ingredients Inc. (NASDAQ: MGPI) is up 19.3% at 5.01.

Willbros Group Inc. (NYSE: WG) is up 21.7% at $8.68.

BroadVision Inc. (NASDAQ: BVSN) is up 21.2% at $10.40.

And here are today’s five biggest losing stocks at closing:

Skullcandy Inc. (NASDAQ: SKUL) is down 22% at $5.24.

Sutor Technology Group Ltd. (NASDAQ: SUTR) is down 21% at $1.92.

Prospect Global Resources Inc. (NASDAQ: PGRX) is down 20.7% at $0.96.

AngioDynamics Inc. (NASDAQ: ANGO) is down 12.7% at $10.98.

Tecumseh Products Co. (NASDAQ: TECUA) is down 12.4% at $8.40.

Filed under: 24/7 Wall St. Wire, HI/LOW, Market Close Tagged: ANGO, AQ, BVSN, III, MGPI, PGRX, SKUL, SUTR, TECUA, WG

24/7 Wall St. Closing Bell (GOOG, CMA, AIG, DE, PNRA, ANGO, HWD, PSMT, STZ, LEDS, WDFC, PLCM, ALTH, WOLF, NDAQ, RT)

Paul Ausick — Thu, 05 Apr 2012 20:09:11 +0000

Markets opened lower this morning and there was no news sufficient to unleash significant buying. The report on new claims for unemployment benefits came in about as expected (our coverage here), and investors are waiting for tomorrow’s official unemployment report, which is expected to be flat at 8.3%. The US dollar index rose today, now up 0.38% at 80.080. Commodities were mostly higher, with lumber and wool posting the largest gains. WTI crude oil closed up 1.8% at $103.31/barrel, and Brent crude trades up 0.90% at $123.44/barrel. Gold settled up 1% today, at $1,630.10/ounce.

The unofficial closing bells put the DJIA down more than 14 points to 13,060.14 (-0.11%), the NASDAQ rose more than 12 points (0.40%) to 3,080.50, and the S&P 500 fell -0.06% or less than 1 point to 1,398.08.

There were several analyst upgrades and downgrades today, including Google Inc. (NASDAQ: GOOG) reiterated as ‘buy’ with a target price of $730 at Argus; Comerica Inc. (NYSE: CMA) cut to ‘sell’ at Citigroup; American International Group Inc. (NYSE: AIG) reiterated as ‘buy’ with a price target of $40 at BofA/ML; Deere & Co. (NYSE: DE) reiterated as ‘buy’ with a price target of $104 at BofA/ML; and Panera Bread Co. (NASDAQ: PNRA) started as ‘outperform’ with a $190 target price at Credit Suisse.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: AngioDynamics Inc. (NASDAQ: ANGO) is down -3.6% at $11.82 after posting a new 52-week low of $11.73 earlier today; Harry Winston Diamond Corp. (NYSE: HWD) is down -3.9% at $13.89; PriceSmart Inc. (NASDAQ: PSMT) is down -4.7% at $74.41; Constellation Brands Inc. (NYSE: STZ) is down -11.8% at $21.78; Pier One Imports Inc. (NYSE: PIR) is up 3.1% at $18.83 (more coverage here); Carmax Inc. (NYSE: KMX) is down -4.5% at $33.34; and SemiLEDS Corp. (NASDAQ: LEDS) is down -9.9% at $3.56 (more coverage here). After markets close today we get earnings from WD-40 Co. (NASDAQ: WDFC).

Next week marks the start of a brand new earnings season. See our preview here.

Other standouts from today include the following stocks:

Polycom Inc. (NASDAQ: PLCM) is down more than -20% at $14.51 after posting a new 52-week low of $14.41 earlier today. The videoconferencing/enterprise phone maker cut its first quarter outlook today. More coverage here.

Allos Therapeutics Inc.(NASDAQ: ALTH) is up nearly 27% at $1.82. The drug maker is being acquired. More coverage here.

Great Wolf Resorts Inc. (NASDAQ: WOLF) is up 15.8%% at $6.60 after posting a new 52-week high of $6.65 earlier today. The company could be the prize in a bidding war between two private equity firms. More coverage here.

Nasdaq OMX Group Inc. (NASDAQ: NDAQ) is up 1.2% at $25.53. The company gets the stock listing for Facebook. More coverage here.

Ruby Tuesday Inc. (NYSE: RT) is down -18.2% at $7.27. The restaurant operator missed earnings expectations this morning.

Stay tuned for Friday. US markets are closed for Good Friday, but we have noted the following events on the schedule (all times Eastern):

8:30 a.m. – Non-farm payroll and unemployment rate
3:00 p.m. – Consumer credit

Paul Ausick

Filed under: Active Trader, HI/LOW, Market Close Tagged: AIG, ALTH, ANGO, CMA, DE, GOOG, HWD, LEDS, NDAQ, PLCM, PNRA, PSMT, RT, STZ, WDFC, WOLF

24/7 Wall St. Closing Bell (IBM, MCD, LUV, SNDK, BX, TISI, MIND, MON, AYI, ANGO, PSMT, STZ, PIR, LEDS, CBLI, THTI, CLNT)

Paul Ausick — Wed, 04 Apr 2012 20:08:06 +0000

Markets opened lower this morning and didn’t recover. The ISM services index came in lower than expected (our coverage here) and the EIA report on crude oil inventories pushed crude prices down (our coverage here). The markets haven’t recovered from yesterday’s release of the minutes of the FOMC meeting, which most observers saw as fairly hawkish (our coverage here). The US dollar index rose today, now up 0.37% at 79.776. Commodities were mixed on the stronger dollar, with corn and wheat down the most. WTI crude oil closed down -2.4% at $101.47/barrel, and Brent crude trades down -1.87% at $122.52/barrel. Gold settled down -3.5% today, at $1,614.10/ounce, its lowest price in three months.

The unofficial closing bells put the DJIA down nearly 125 points to 13,074.83(-0.95%), the NASDAQ fell more than 45 points (-1.46%) to 3,068.09, and the S&P 500 fell -1.02% or more than 14 points to 1,398.96.

There were several analyst upgrades and downgrades today, including IBM Corp. (NYSE: IBM) cut to ‘neutral’ at BofA/ML; McDonald’s Corp. (NYSE: MCD) removed from the ‘Conviction Buy List’ but maintained as ‘buy’ at Goldman Sachs; Southwest Airlines Corp. (NYSE: LUV) raised to ‘overweight’ at Barclays; Sandisk Corp. (NASDAQ: SNDK) cut to ‘outperform’ at RBC; and Blackstone Group LP (NYSE: BX) added to ‘Top Pick’ list at Citigroup.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Team Inc. (NYSE: TISI) is down -12.3% at $28.83; Mitcham Industries Inc. (NASDAQ: MIND) is down -3.9% at $23.37; Monsanto Co. (NYSE: MON) is down -1.3% at $80.70 (more coverage here); and Acuity Brands Inc. (NYSE: AYI) is down -9.7% at $57.51. After markets close today we get earnings from AngioDynamics Inc. (NASDAQ: ANGO), Harry Winston Diamond Corp. (NYSE: HWD), and PriceSmart Inc. (NASDAQ: PSMT). Before markets open tomorrow we’ll get earnings from Constellation Brands Inc. (NYSE: STZ), Pier One Imports Inc. (NYSE: PIR), and SemiLEDS Corp. (NASDAQ: LEDS).

Other standouts from today include the following stocks:

Cleveland BioLabs Inc. (NASDAQ: CBLI) is down more than -30% at $1.67 after posting a new 52-week low of $1.48. The biotech company’s funding from the federal government has been cut off.

Sandisk Corp. is down about -11% at $44.72. The flash memory maker revealed a weak outlook for the quarter. More coverage here.

THT Heat Transfer Technology Inc. (NASDAQ: THTI) is up nearly 80% at $2.30. The Chinese maker of heat exchangers reported decent earnings, but forecast revenues for the current quarter at half last quarter’s total. See our coverage yesterday of SmartHeat Inc. (NASDAQ: HEAT), another Chinese maker of heat exchangers. Just substitute the names.

CleanTech Solutions International Inc. (NASDAQ: CLNT) is up more than 177% at $6.10. The Chinese maker of metal components for wind turbines reported solid revenues last week, but profits were down. Another hard-to-figure move.

Stay tuned for Thursday. St. Louis Fed President James Bullard is giving a speech. We have also noted the following events on the schedule (all times Eastern):

7:30 a.m. – Challenger Gray & Christmas layoff report
8:30 a.m. – New claims for unemployment benefits
10:30 a.m. – EIA weekly natural gas storage report
3:00 p.m. – Treasury STRIPS
4:30 p.m. – Federal Reserve balance sheet and money supply

Paul Ausick

Filed under: Active Trader, Market Close Tagged: ANGO, AYI, BX, CBLI, CLNT, IBM, LEDS, LUV, MCD, MIND, MON, PIR, PSMT, SNDK, STZ, THTI, TISI

The 52-Week Low Club (WM)(NT)(BX)

Douglas A. McIntyre — Fri, 07 Mar 2008 16:01:39 +0000

Reddy Ice (NYSE: FRZ) Offices raided by Feds. Drops to $12 from 52-week high of $32.21.

Washington Mutual (NYSE:WM) One of the largest mortgage brokers. Falls to $9.91 from 52-week high $44.66.

Nortel (NYSE: NT) Telecom equipment company continues to struggle in a bad industry. Sells off to $6.71 frm 52-week high of $28.61.

Blackstone (NYSE: BX) One of the worst IPOs of all time. Down to $14.16 from 52-week high of $38.

Angiodynamics (NASDAQ: ANGO) Weak forecast for earnings. Sells off to $9.80 from 52-week high of $23.92.

Peoplesupport (NASDAQ: PSPT) Bad earnings and two brokerage downgrades. Off to $6.77 from 52-week high of $22.48.

Douglas A. McIntyre