24/7 Wall St. » CBK

24/7 Wall St. Closing Bell (DTV, KMI, VZ, WTW, NVDA, CBK, SNX, FDO, JOSB, MOS, RHT, SN, BBY, SHAW, CMC, AMLN, VRML)

Paul Ausick — Wed, 28 Mar 2012 20:04:46 +0000

Markets opened nearly flat this morning but took a dive early and have muddled along the rest of the day in negative territory. This morning’s report on falling durable goods orders got things off on the wrong foot (our coverage here). The US crude oil commercial inventory grew by a larger-than-expected amount, pushing crude prices down significantly (our coverage here). The US dollar index rose today, now up 0.12% at 79.140. Commodities were mostly lower on the stronger dollar. WTI crude oil closed down about -1.9% at $105.41/barrel, and Brent crude trades down -1.09% at $124.17/barrel. Gold settled down -1.6% today, at $1,657.90/ounce.

The unofficial closing bells put the DJIA down nearly 72 points to 13,126.06 (-0.54%), the NASDAQ fell more than 15 points (-0.49%) to 3,104.96, and the S&P 500 fell -0.49% or nearly 7 points to 1,405.54.

There were several analyst upgrades and downgrades today, including DirecTV Inc. (NASDAQ: DTV) raised to ‘buy’ at Citigroup and reiterated as ‘buy’ at Canaccord Genuity; Kinder Morgan Inc. (NYSE: KMI) started as ‘equal weight’ at Morgan Stanley; Verizon Communications Inc. (NYSE: VZ) cut to ‘sector perform’ at RBC; Weight Watchers International Inc. (NYSE: WTW) started as ‘outperform’ at Credit Suisse; and Nvidia Corp. (NASDAQ: NVDA) raised to ‘market perform’ at JMP Securities.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Christopher & Banks Corp. (NYSE: CBK) is down -13% at $2.05 after posting a new 52-week low of $1.85 earlier today; Synnex Corp. (NYSE: SNX) is down -13% at $37.94 (more coverage here); Family Dollar Stores Inc. (NYSE: FDO) is up 0.6% at $58.58 (more coverage here); and Jos. A. Banks Clothiers Inc. (NASDAQ: JOSB) is down -8.7% at $49.77 (more coverage here). After markets close today the Mosaic Co. (NYSE: MOS), Red Hat Inc. (NYSE: RHT), and Sanchez Energy Corp. (NYSE: SN) will report earnings. Before the markets open in the morning, we’ll get earnings from Best Buy Co. Inc. (NYSE: BBY) and Shaw Group Inc. (NYSE: SHAW).

Other standouts from today include the following stocks:

Commercial Metals Corp. (NYSE: CMC) is up 0.49%. The steel and metal fabricator posted better-than-expected earnings this morning. More coverage here.

Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) is up more than 53%. The drug maker rejected a takeover bid. More coverage here.

Vermillion Inc. (NASDAQ: VRML) is up 19%. The drug maker received a patent approval today. More coverage here.

Stay tuned for Wednesday. Fed Chairman Ben Bernanke, Atlanta Fed President Dennis Lockhart, Philadelphia Fed President Charles Plosser, and Richmond Fed President Jeffrey Lacker are giving speeches. We have also noted the following events on the schedule (all times Eastern):

8:30 a.m. – New unemployment benefits claims
8:30 a.m. – Corporate profits
10:30 a.m. – EIA natural gas storage report
11:00 a.m. – Kansas City Fed manufacturing index

Paul Ausick

Filed under: Analyst Calls, HI/LOW, Market Close Tagged: AMLN, BBY, CBK, CMC, DTV, FDO, JOSB, KMI, MOS, NVDA, RHT, SHAW, SN, SNX, VRML, VZ, WTW

24/7 Wall St. Closing Bell (MU, ATVI, BAC, SCCO, APOL, GOL, WAG, LEN, CBK, SNX, FDO, MOS, ISTA, OPXT, OCLR, HOGS)

Paul Ausick — Tue, 27 Mar 2012 20:05:41 +0000

Markets opened slightly higher this morning but have been wobbling around the neutral line for the whole day. This morning’s report on the decline of housing prices (our coverage here) and the drop in US consumer confidence has kept buyers in check (our coverage here). There was little other news sufficient to move the markets today. The US dollar index rose today, now up 0.14% at 79.091. Commodities were mixed on the dollar strength, with wheat taking the biggest decline. WTI crude oil closed up 0.3% at $107.33/barrel, and Brent crude trades down -0.34% at $125.22/barrel. Gold settled down less than -0.1% today, at $1,684.90/ounce.

The unofficial closing bells put the DJIA down nearly 44 points to 13,197.96 (-0.33%), the NASDAQ fell more than 2 points (-0.07%) to 3,120.35, and the S&P 500 fell -0.28% or nearly 4 points to 1,412.52.

There were several analyst upgrades and downgrades today, including Micron Technology Inc. (NASDAQ: MU) started as ‘buy’ at Jefferies; Activision Blizzard Inc. (NASDAQ: ATVI) started as ‘buy’ at Stifel Nicolaus; Bank of America Corp. (NYSE: BAC) cut to ‘neutral’ at Baird; Southern Copper Corp. (NYSE: SCCO) raised to ‘overweight’ at Morgan Stanley; and Apollo Group Inc. (NASDAQ: APOL) cut to ‘neutral’ 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: Apollo Group Inc. is down -8.6% at $39.48; Gol Linhas Aereas Inteligentes SA (NYSE: GOL) is up 2.7% at $7.32; Walgreen Co. (NYSE: WAG) is up 1.3% at $34.80; and Lennar Corp. (NYSE: LEN) is up 4.7% at $27.65 after posting a new 52-week high earlier today of $28.28 (more coverage here and here). After markets close today Christopher & Banks Corp. (NYSE: CBK) and Synnex Corp. (NYSE: SNX) will report earnings. Before the markets open in the morning, we’ll get earnings from Family Dollar Stores Inc. (NYSE: FDO) and the Mosaic Co. (NYSE: MOS).

Other standouts from today include the following stocks:

ISTA Pharmaceuticals Inc. (NASDAQ: ISTA) is up 7.9% at $9.04. The drug company is being acquired. More coverage here.

Opnext Inc. (NASDAQ: OPXT) is up more than 53% at $1.73. The optical equipment maker is merging with Oclaro Inc. (NASDAQ: OCLR). More coverage here.

Zhongpin Inc. (NASDAQ: HOGS) is up nearly 25% at $11.51. The Chinese food processing company has received a preliminary offer to be taken private. More coverage here.

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

7:00 a.m. – Mortgage Bankers’ Association purchase applications
8:30 a.m. – Durable goods orders
10:30 a.m. – EIA weekly petroleum status report
1:00 p.m. – 5-year note auction

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: APOL, ATVI, BAC, CBK, FDO, GOL, HOGS, ISTA, LEN, MOS, MU, OCLR, OPXT, SCCO, SNX, WAG

Mid-day Movers (SHIP, CYBI, CSKI, CBK, VG)

Paul Ausick — Wed, 15 Feb 2012 18:00:18 +0000

At about 12.30 p.m. ET today, the three major equity indexes remain mixed, with the DJIA down about 34 points at about 12,844, the Nasdaq up about 14 points at around 2,946, and the S&P 500 is up more than 2 points to 1,353. All have lost ground since the opening, with the DJIA down the most. The dollar has gained strength against the euro and lost strength versus the British pound and the Japanese yen. The dollar index is up 0.192 at 79.576, up more than 0.2% from its pre-open level.

Among the major movers at around noon today are Seanergy Maritime Holdings Corp. (NASDAQ: SHIP), Cybex International Inc. (NASDAQ: CYBI), China Sky One Medical Inc. (NASDAQ: CSKI), Christopher & Banks Corp. (NYSE: CBK), and Vonage Holdings Corp. (NYSE: VG).

Seanergy is up nearly 25% at $3.63. Volume is already about 25x the daily average of around 18,000 shares traded. The dry bulk shipper reported an unexpected profit this morning.

Cybex is up nearly 22% at $1.85 after posting a new 52-week high of $2.01 earlier this morning. Volume is about 8x the daily average of around 50,000 shares traded. The sporting goods maker posted better-than-expected earnings this morning.

China Sky One is down more than -28% at $1.10. Volume is nearly 10x the daily average of about 285,000 shares traded. The nutritional supplement company’s shares have been stopped following the resignations of 26 managers and the reported illness of the CEO.

Christopher & Banks is up more than 11% at $2.52. Volume is about double the daily average of 223,000 shares traded. The clothing retailer is leading the retail sector bump today.

Vonage is down nearly -14% at $2.35. Volume is 6x the daily average of about 1.2 million shares traded. The Internet phone company reported in-line fourth-quarter revenues and earning, but projected higher expenses in 2012.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: CBK, CSKI, CYBI, SHIP, VG

Top Day Trader Alerts (DNDN, CIEN, DEER, SNSS, CBK)

247wallst — Fri, 11 Dec 2009 13:38:20 +0000

These are this morning’s top day trader and active trader alert stocks. There is much more detailed analysis and data on each stock story via a link to VSInvestor.com:

Dendreon Corporation (NASDAQ: DNDN) is down only 1% on this discounted secondary offering.

CIENA Corporation (NASDAQ: CIEN) is trying to find a bottom with a gain after yesterday’s lows matched previous lows seen.

Deer Consumer Products, Inc. (NASDAQ: DEER) is today’s top day trader alert… huge discount on secondary offering for the appliances maker in China.

Sunesis Pharmaceuticals Inc. (NASDAQ: SNSS) is continuing yesterday’s run so far after doubling.

Christopher & Banks Corp. (NYSE: CBK) is up 16% and appears to be the top gainer for NYSE stocks this morning.

You can join our open email distribution list to hear more news on key analyst calls, top day trader alerts, mergers and acquisitions, Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

Jon C. Ogg

Posted in Pre-Market Activity, Trading Alert Tagged: CBK, CIEN, DEER, DNDN, SNSS

The 52-Week Low Club

247wallst — Fri, 31 Aug 2007 15:58:08 +0000

Christopher & Banks (CBK) Clothing retailer loses CEO. Drops to $11.69 from 52-week high of $31.25.

Cost Plus (CPWM) Home furnishing and entertainment products retailer loses CFO and drops guidance. Shares fall to $3.98 from 52-week high of $14.34.

Coldwater Creek (CWTR) Specialty retailer still falling after bad earnings. Down to $12.43 from 52-week high of $31.25.

Sourceforge (LNUX) Poor earnings fall-out. Still dropping. Down to $2.54 from 52-week high of $5.55.

Douglas A. McIntyre