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Top Analyst Upgrades & Downgrades (AIG, ADI, ARNA, COP, DMD, DOW, FOSL, HSY, JIVE, MRVL, MELI, PSX, QIHU, UBNT, YOKU)

Administrator — Wed, 09 May 2012 12:24:41 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday.

American International Group, Inc. (NYSE: AIG) Raised to Buy at Goldman Sachs.

Analog Devices, Inc. (NASDAQ: ADI) Cut to Neutral at UBS.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) Raised to Outperform at BMO.

ConocoPhillips (NYSE: COP) Resumed as Neutral at Credit Suisse.

Demand Media, Inc. (NYSE: DMD) Raised to Buy at Citigroup.

The Dow Chemical Company (NYSE: DOW) Raised to Overweight at Morgan Stanley.

Fossil, Inc. (NASDAQ: FOSL) Cut to Neutral at JPMorgan.

The Hershey Company (NYSE: HSY) Raised to Buy at Argus.

Jive Software, Inc. (NASDAQ: JIVE) Started as Hold at Needham

Marvell Technology Group Ltd. (NASDAQ: MRVL) Cut to Neutral at UBS.

Mercadolibre, Inc. (NASDAQ: MELI) Cut to Market Perform at Raymond James.

Phillips 66 (NYSE: PSX) Started as Outperform at Credit Suisse.

Qihoo 360 Technology Co. Ltd (NYSE: QIHU) Started as Buy at ThinkEquity.

Ubiquiti Networks, Inc. (NASDAQ: UBNT) Started as Outperform at Wedbush (late Tuesday call).

Youku Inc. (NYSE: YOKU) Started as Hold at ThinkEquity.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: ADI, AIG, ARNA, COP, DMD, DOW, FOSL, HSY, JIVE, MELI, MRVL, PSX, QIHU, UBNT, YOKU

24/7 Wall St. Closing Bell (F, WYNN, COF, BP, SYNC, CHTR, HL, OMX, THC, WEN, RST, PDC, AOL, CTL, AGU, DTG, M, MPEL, NWS, CSCO, TSLA, TM, PCLN, FOSL, DNDN, AVL)

Paul Ausick — Tue, 08 May 2012 20:07:27 +0000

The major US stock indexes opened sharply lower this morning as weak performance in the European markets as traders try to figure out what last weekend’s elections mean. Crude oil was also sharply lower this morning. The three major indexes have all come back from losses greater than -1% in the afternoon, but still look set to finish the day down at least -0.5%. The US dollar index rose today, now up 0.14% at 79.716. The GSCI commodity index is down fractionally at 652.27, with commodities mixed on the slightly stronger dollar. WTI crude oil closed down -1% at $97.01/barrel and Brent crude trades down -0.23% at $112.90/barrel. Gold settled down -2.1% today, at $1,604.5/ounce, after briefly falling below $1,600/ounce earlier in the day.

The unofficial closing bells put the DJIA down more than 76 points to 12,932.01 (-0.59%), the NASDAQ fell more than 11 points (-0.39%) to 2,946.27, and the S&P 500 fell -0.43% or nearly 6 points to 1,363.71.

There were several analyst upgrades and downgrades today, including Ford Motor Co. (NYSE: F) maintained as ‘buy’ with a target price of $19 at Argus; Wynn Resorts Ltd. (NASDAQ: WYNN) maintained ‘outperform’ with a target price of $166 at Credit Suisse; Capital One Financial Corp. (NYSE: COF) raised to ‘hold’ at Argus; BP plc (NYSE: BP) cut to ‘underweight’ at Barclays; and Synacor Inc. (NASDAQ: SYNC) cut to ‘underperform’ at BofA/ML.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Charter Communications Inc. (NASDAQ: CHTR) is down up 5.5% at $65.24 after posting a new 52-week high of $66.18 earlier today (more coverage here); Hecla Mining Co. (NYSE: HL) is up 4.1% at $4.04 (more coverage here); OfficeMax Inc. (NYSE: OMX) is up 10.5% at $4.85; Tenet Healthcare Corp. (NYSE: THC) is up 1.4% at $5.11; The Wendy’s Co. (NASDAQ: WEN) is down -4.3% at $4.66 (more coverage here); Rosetta Stone Inc. (NYSE: RST) is up 18.4% at $12.64; and Pioneer Drilling Co. (NYSE: PDC) is up 5.5% at $8.03.

On Wednesday we are scheduled to get earnings from AOL Inc. (NYSE: AOL), Agrium Inc. (NYSE: AGU), CenturyLink Inc. (NYSE: CTL), Dollar Thrifty Automotive Group Inc. (NYSE: DTG), Macy’s Inc. (NYSE: M), Melco Crown Entertainment Ltd. (NASDAQ: MPEL), News Corp. (NASDAQ: NWS), Cisco Systems Inc. (NASDAQ: CSCO), Tesla Motors Inc. (NASDAQ: TSLA), Toyota Motor Corp. (NYSE: TM), and priceline.com Inc. (NASDAQ: PCLN).

Other standouts from today include the following stocks:

Fossil Inc. (NASDAQ: FOSL) is down -36.8% at $79.50. The fashion accessories company revealed a weak forecast today. More coverage here.

Dendreon Corp. (NASDAQ: DNDN) is down -24.6% at $8.81. The drug maker’s earnings were not as strong as expected. More coverage here.

Avalon Rare Metals Inc. (AMEX: AVL) is down -24% at $1.67 after posting a new 52-week low of $1.58 earlier today. The rare earths miner is delaying a feasibility study. More coverage here.

Stay tuned for Wednesday. Cleveland Fed President Sandra Pianalto and Philadelphia Fed President Charles Plosser are giving speeches. We have noted the following events on the schedule (all times Eastern):

10:00 a.m. – Wholesale trade report
10:30 a.m. – EIA weekly petroleum status report
1:00 p.m. – 10-year note auction

Paul Ausick

Filed under: General, HI/LOW, Market Close Tagged: AGU, AOL, AVL, BP, CHTR, COF, CSCO, CTL, DNDN, DTG, F, FOSL, HL, M, MPEL, NWS, OMX, PCLN, PDC, RST, SYNC, THC, TM, TSLA, WEN, WYNN

Fossil Shares Plunge on Lower Outlook (FOSL, GES, MOV)

Paul Ausick — Tue, 08 May 2012 13:13:54 +0000

Fashion accessories maker Fossil Inc. (NASDAQ: FOSL) reported first quarter earnings this morning, and delivered more bad news than good. Investors are responding by fleeing the stock.

The company, which competes with other accessories makers like Guess? Inc. (NYSE: GES) and Movado Group Inc. (NYSE: MOV), posted adjusted EPS of $0.93 compared with a consensus estimate of $0.92. And that’s the end of the good news. Revenue of $589.5 million badly missed the consensus estimate of $617.6 million. Currency translation effects accounted for just $7.3 million of the difference.

But the worst news came in a revised outlook for the second quarter and for the full 2012 fiscal year. Fossil cut its second quarter EPS outlook to $0.77-$0.79, well below the consensus estimate of $0.94. Even adjusting for one-time costs only kicks the range up by $0.07 on either end. Revenue was forecast at +16% (+19% in constant dollars), but also falls short of consensus estimates.

For the full-year, diluted EPS is now forecast at $5.30-$5.40, where the consensus estimate called for $5.56. Again a net adjustment for one-time items only raises the forecast by $0.07. Full-year revenue is also forecast to come in slightly below the consensus estimate of $3 billion.

Analysts had forecast first quarter revenue growth of 15% year-over-year, second-quarter growth of 17%, and full year growth of 16.9%. But from the lower base set by first quarter sales, the projections are tossed out. Which makes the EPS estimates even less likely.

Fossil’s margins fell from 56.2% last year to 55.8% this year due to higher labor and component costs and more sales to third-party distributors. Investors very likely fear that this is just the beginning of sharp slide.

Shares are trading down about -25% in the pre-market, at $94.10 in a 52-week range of $69.57-$139.20. Ugly.

Paul Ausick

Filed under: Consumer Goods, Earnings Tagged: FOSL, GES, MOV

24/7 Wall St. Closing Bell (ACI, NFLX, KMI, KMP, HNZ, AVP, GT, WPI, ARB, BWA, CPLA, FOSL, HSP, OMC, ZIP, KORS, SYNM, CHTP, ENER, JKS)

Paul Ausick — Tue, 14 Feb 2012 21:10:40 +0000

US stock markets opened lower this morning and gradually lost ground throughout the day. A fractionally lower opening bell has translated to around a -0.6% loss on each of the major indexes about half an hour before closing. Last night’s downgrade of the sovereign debt of six European countries set the tone in both Asia and Europe, but by mid-day, a fairly weak report on US retail sales and a more modest than expected rise in business inventories kept share prices from rising. In the late afternoon, Eurozone leaders canceled tomorrow’s meeting on the Greek bailout saying that Greece had failed to meet several demands related to the proposed $172 billion bailout. Germany’s finance minister even displayed a “who cares?” attitude toward the possibility of a Greek default (our story here). Crude oil was mixed today, with larger early gains lost on the weak news and the stronger dollar. WTI crude rose 0.08% to $100.99/barrel and Brent crude rose 0.25% to $117.68/barrel. Gold was down -0.4%, settling at $1,717.70/ounce.

The unofficial closing bells put the DJIA up about 4 points to 12,878.28 (0.03%), the NASDAQ rose less than 1 point (0.02%) to 2,931.83, and the S&P 500 fell -0.09% or just over 1 point to 1,350.5.

There were several analyst upgrades and downgrades today, including Arch Coal Inc. (NYSE: ACI) cut to ‘hold’ at Argus; Netflix Inc. (NASDAQ: NFLX) raised to ‘outperform’ and target price raised to $140 at Credit Suisse; Kinder Morgan Inc. (NYSE: KMI) raised to ‘buy’ at Deutsche Bank; Kinder Morgan Energy Partners L.P. (NYSE: KMP) raised to ‘buy’ at Deutsche Bank; and H.J. Heinz Co. (NYSE: HNZ) started as ‘underweight’ at Morgan Stanley.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Avon Products Inc. (NYSE: AVP) is up 1.2% at $17.74; Goodyear Tire & Rubber Co. (NYSE: GT) is down -5.7% at $13.18; Watson Pharmaceuticals Inc. (NYSE: WPI) is up 3.8% at $59.89; Arbitron Inc. (NYSE: ARB) is up 4.4% at $36.94; BorgWarner Inc. (NYSE: BWA) is up 0.42% at $79.18; Capella Education Co. (NASDAQ: CPLA) is down -13.3% at $39.30; Fossil Inc. (NASDAQ: FOSL) is up nearly 13% at $118.02; Hospira Inc. (NYSE: HSP) is up 6.7% at $36.50; Omnicom Group Inc. (NYSE: OMC) is down -0.23% at $47.91; and Zipcar Inc. (NASDAQ: ZIP) is down -13% at $13.99, a new 52-week low.

Other standouts from today include the following stocks:

Michael Kors Holdings Ltd. (NYSE: KORS) is up nearly 25% at $41.92 after posting a new high of $42.43 earlier today. The apparel company reported better-than-expected earnings today, and the shares have more than doubled since the company’s IPO in mid-December.

Syntroleum Corp. (NASDAQ: SYNM) is up up 20% at $1.32. The biodiesel maker’s joint venture with Tyson Foods Inc. (NYSE: TSN) has signed a deal to distribute synthetic diesel fuel.

Chelsea Therapeutics International Inc. (NASDAQ: CHTP) is up nearly 19% at $3.69. The company’s shares fell almost -40% yesterday, but bargain hunters can’t resist. We mentioned this possibility yesterday.

Energy Conversion Devices Inc. (NASDAQ: ENER) is down more than -80% to $0.29. The solar maker filed for bankruptcy this morning. We have more coverage here.

JinkoSolar Holding Co. Ltd. (NYSE: JKS) is down nearly -12% at $7.95. The solar panel maker is just one more victim among solar stocks today of a proposed cutback in Germany’s solar subsidies and the bankruptcy of ECD. More coverage here.

Stay tuned for Wednesday. Dallas Fed President Richard Fisher is giving a speech. We have noted the following events on the schedule (all times Eastern):

7:00 a.m. – Mortgage Bankers Association purchase applications
8:30 a.m. – Empire State manufacturing survey
9:15 a.m. – Industrial production
10:00 a.m. – Housing market index
10:30 a.m. – EIA weekly petroleum status report
2:00 p.m. – FOMC minutes released

Paul Ausick

Filed under: General Tagged: ACI, ARB, AVP, BWA, CHTP, CPLA, ENER, FOSL, GT, HNZ, HSP, JKS, KMI, KMP, KORS, NFLX, OMC, SYNM, WPI, ZIP

Stocks Not Participating in the Rally (MO, AOL, CVC, DTSI, ENOC, FOSL, GTY, LLNW, MGM, STXS)

Administrator — Tue, 09 Aug 2011 14:40:28 +0000

Most investors love when the market bounces big after a huge sell-off. The 600+ point drop in the Dow Jones Industrial Average on Monday actually came to almost 2,000 lost DJIA points just since July 21. So most articles are of strength and gainers, but what about when you have big up days and there are stocks down on news that are not participating in the rally? This culminates the stocks on the downside that are not just one-dollar stocks and which are actively traded on news today.

Altria Group, Inc. (NYSE: MO) is a defensive stock that is supposed to hold up well, so investors are rolling into “risk” when the DJIA is up so much. Shares were down 0.6% at $24.39 this morning.

AOL Inc. (NYSE: AOL) has already bounced almost 10% from its lows this morning but shares are down 11.5% at $13.33 after hitting a 52-week low of $12.11 this morning. The smaller net loss and ad revenue growth appear to have missed targets, which seems odd considering how much the stock has sold off from its 52-week high of $27.65. At some point, that news should be priced in.

Cablevision Systems Corporation (NYSE: CVC) turned in growth on phone and internet additions, but the earnings missed estimates. The drop was another 9.5% to $17.67 and the stock hit a 52-week low of $17.24 earlier this morning. That is now down more than 50% from its 52-week high as well.

DTS, Inc. (NASDAQ: DTSI) is supposed to provide state-of-the-art audio technology to hundreds of millions of DTS-licensed consumer electronics products worldwide, but its earnings miss shows it isn’t powering enough of the devices with a lower 2011 guidance. DTS shares are down over 21% at $23.17 and the stock hit a 52-week low of $20.93 this morning.

EnerNOC, Inc. (NASDAQ: ENOC) is supposed to help companies cut their energy use and cut their energy bills but it is not doing enough of it. Besides being unable to use a tax benefit, its growth has peaked as its $280 million to $300 million sales projection for 2011 is the sae for 2012. Many Wall Street analysts downgraded the stock on a huge disappointment. Shares are down almost 36% at $9.20 after a 52-week low was hit of $9.13 and the high was $34.38.

Fossil, Inc. (NASDAQ: FOSL) was supposed to be a jewelry winner as it is not deep into gold and silver exposure. It turns out not to be the case in many of its brands and margins took a beating on higher input costs and on a weak outlook ahead. Fossil shares were down 18.8% at $76.19. Keep in mind that its 52-week trading range is $42.08 to $134.98.

Getty Realty Corporation (NYSE: GTY) gave an update on its Getty Petroleum Marketing operations: it has not received the monthly rental payment for August from its largest tenant under its Master Lease and other leases. Shares are down 13.5% at $17.26 and shares hit a 52-week low of $16.60 versus a high of $32.20.

Limelight Networks, Inc. (NASDAQ: LLNW) is getting crushed after missing earnings and missing on revenues and then guiding lower for the third quarter. Shares are down over 30% at $2.27 and the stock hit a low of $2.229 this morning. Just one more bit of proof that communications equipment and expedited content delivery slowing is persisting.

MGM Resorts International (NYSE: MGM) posted a gain after MGM China but the peak appears to have been called on gains. MGM shares are down 4.5% at $11.02 versus a 52-week range of $8.92 to $16.94.

Stereotaxis, Inc. (NASDAQ: STXS) is the sole $1+ stock covered today because it is THE LOSER OF THE DAY with a 59% drop to $1.16 with a new 52-week low and an adjusted 52-week trading range now of $1.13 to $4.67. The company markets cardiology instrument control systems, but apparently doesn’t market them very well. Volume is 5-times normal at over 300,000 shares and the stock. The company reported a wider loss, announced cost cuts, and its CFO is leaving the company. Nice.

JON C. OGG

Filed under: The Day, Trading Alert Tagged: AOL, CVC, DTSI, ENOC, FOSL, GTY, LLNW, MGM, MO, STXS

Top Analyst Upgrades & Downgrades (ALTR, MT, ADM, ARBA, BSX, CX, CSCO, FOSL, GOV, HON, KLAC, LRCX, M, PETS, TNK, TJX, WFM)

Administrator — Mon, 11 Jul 2011 12:11:39 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning.

Altera Corporation (NASDAQ: ALTR) Raised to Outperform as Bull of the Day at Zacks.
Arcelor Mittal (NYSE: MT) Raised to Buy at BofA/ML.
Archer Daniels Midland Inc. (NYSE: ADM) maintained Outperform but cut target to $35 at Credit Suisse.
Ariba Inc. (NASDAQ: ARBA) Started as Overweight at Barclays.
Boston Scientific Corporation (NYSE: BSX) Reiterated Hold but cut estimates at Argus.
CEMEX, S.A.B. de C.V. (NYSE: CX) Cut to Underperform at Credit Suisse.
Cisco Systems Inc. (NASDAQ: CSCO) Reiterated Buy with $24 target at Argus.
Fossil, Inc. (NASDAQ: FOSL) Raised to Overweight at JPMorgan.
Government Properties Income Trust (NYSE: GOV) Cut to Underperform at Wells Fargo.
Honeywell International Inc. (NYSE: HON) Reiterated Buy at BofA/ML.
KLA-Tencor Corporation (NASDAQ: KLAC) Raised to Hold at Citigroup.
Lam Research Corporation (NASDAQ: LRCX) Raised to Buy at Citigroup.
Macy’s, Inc. (NYSE: M) Reiterated Buy as Value at Zacks.
PetMed Express, Inc. (NASDAQ: PETS) Maintained Underperform as Bear of the Day at Zacks.
Teekay Tankers Limited (NYSE: TNK) Cut to Neutral at BofA/ML.
The TJX Companies, Inc. (NYSE: TJX) Raised to Overweight at Barclays.
Whole Foods Market, Inc. (NASDAQ: WFM) Raised to Buy at Goldman Sachs.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: ADM, ALTR, ARBA, BSX, CSCO, CX, FOSL, GOV, HON, KLAC, LRCX, M, MT, PETS, TJX, TNK, WFM

Top Analyst Upgrades & Downgrades (AET, AIG, AXAS, AMAT, FST, FOSL, IBM, KAI, KLAC, NFLX, NE, NOR, OPEN, RAVN, STX, SBUX, TLAB, WDC, YUM)

Administrator — Thu, 07 Jul 2011 12:27:10 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning.

Aetna Inc. (NYSE: AET) Reiterated Buy and raised target to $51 at Argus.
American International Group Inc. (NYSE: AIG) Reinstated as Neutral with $32 target at Credit Suisse.
Abraxas Petroleum Corp. (NASDAQ: AXAS) Maintained Buy with $6 target at Canaccord Genuity.
Applied Materials Inc. (NASDAQ: AMAT) Maintained Buy but cut price target to $19 at Argus.
Forest Oil Corporation (NYSE: FST) Cut to Underperform at BofA/ML.
Fossil, Inc. (NASDAQ: FOSL) Cut to Hold at S&P Equity Research (late-Wednesday).
International Business Machines Corp. (NYSE: IBM) Cut to Market Perform at Wells Fargo.
Kadant Inc. (NYSE: KAI) Maintained Buy as Value at Zacks.
KLA-Tencor Corporation (NASDAQ: KLAC) Raised to Buy at UBS.
Netflix, Inc. (NASDAQ: NFLX) Reiterated Buy and raised target to $325 at BofA/ML.
Noble Corporation (NYSE: NE) Cut estimates and Target at Canaccord Genuity; Reiterated Buy at Argus.
Noranda Aluminum Holding Corp. (NYSE: NOR) Cut to Underperform at BofA/ML.
OpenTable, Inc. (NASDAQ: OPEN) Reiterated Buy with $115 target at Canaccord Genuity.
Raven Industries (NASDAQ: RAVN) Reiterated Outperform as Bull of the Day at Zacks.
Seagate Technology PLC (NASDAQ: STX) Raised to Overweight at JPMorgan.
Starbucks Corporation (NASDAQ: SBUX) Cut to Neutral at Goldman Sachs.
Tellabs, Inc. (NASDAQ: TLAB) Cut to Underperform as Bear of the Day at Zacks.
Western Digital Corporation (NYSE: WDC) Raised to Overweight at JPMorgan.
Yum! Brands, Inc. (NYSE: YUM) Cut to Sell at Goldman Sachs.

JON C. OGG

Filed under: Analyst Calls Tagged: AET, AIG, AMAT, AXAS, FOSL, FST, IBM, KAI, KLAC, NE, NFLX, NOR, OPEN, RAVN, SBUX, STX, TLAB, WDC, YUM

Top Day Trader Alerts (FEED, ABK, CPLP, FOSL, LOPE, JASO, MBI, NFLX, NUAN, PPCO, QGEN, QNST)

Administrator — Tue, 10 Aug 2010 13:02:17 +0000

There are many stocks on the move for day traders and active traders to pick from this Tuesday morning. We are watching the key moves in AgFeed Industries, Inc. (NASDAQ: FEED), Ambac Financial Group, Inc. (NYSE: ABK), Capital Product Partners L.P. (NASDAQ: CPLP), Fossil, Inc. (NASDAQ: FOSL), Grand Canyon Education, Inc. (NASDAQ: LOPE), JA Solar Holdings Co., Ltd. (NASDAQ: JASO), MBIA Inc. (NYSE: MBI), Netflix, Inc. (NASDAQ: NFLX), Nuance Communications, Inc. (NASDAQ: NUAN), Penwest Pharmaceuticals Co. (NASDAQ: PPCO), Qiagen NV (NASDAQ: QGEN), and QuinStreet, Inc. (NASDAQ: QNST).

AgFeed Industries, Inc. (NASDAQ: FEED) is down 10% this morning after its earnings showed “an extremely difficult operating environment as a result of a series of severe floods throughout its area of operations.” Shares are down 10.8% at $2.46 on over 65,000 shares.

Ambac Financial Group, Inc. (NYSE: ABK) is getting crushed after earnings because it disclosed that it is working on a bankruptcy filing as a contingency. Shares are down 23% at $0.69 on over 1.5 million shares.

Capital Product Partners L.P. (NASDAQ: CPLP) is trading lower on a secondary offering as it plans to offer 5.5 million units to acquire MR Tanker M/T Assos for $43.5 million in proceeds. Shares are down 7% at $8.48 on about 25,000 units.

Fossil, Inc. (NASDAQ: FOSL) is rising on stronger than expected second quarter earnings and a raised 2010 outlook. Shares are up 7.5% at $45.65 on almost 40,000 shares.

Grand Canyon Education, Inc. (NASDAQ: LOPE) beat earnings estimates, but its guidance was short of estimates. Can that be a shock considering the attack on for-profi education? Apparently it is an excuse to sell the stock all over again. Shares are down over 8% at $18.50 on thin volume. The 52-week trading range is $15.87 to $28.46.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is getting roasted in the sun a bit after posting a profit and raising its sales views. Shares are down 3.3% at $6.35 on about 200,000 shares. The 52-week range is $3.22 to $6.95.

MBIA Inc. (NYSE: MBI) is trading up after it reported a profit in the quarter. Shares were up over 7% at $9.90 on over 400,000 shares.

Netflix, Inc. (NASDAQ: NFLX) is trading lower after signing a deal with EPIX where Netflix members can “instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix.” Shares are down 1.8% at $114.80 on over 30,000 shares.

Nuance Communications, Inc. (NASDAQ: NUAN) had soft earnings and guided in-line for the quarter ahead. It is an earnings nuance… Shares of the speech recognition software leader are down 9.4% at $15.74 on over 200,000 shares.

Penwest Pharmaceuticals Co. (NASDAQ: PPCO) is trading up only marginally after its Endo Pharmaceuticals buyout news. Shares are up almost 5% at $4.96 on the deal that gives the company almost no premium. The 52-week trading range was $1.80 to $4.89.

Qiagen NV (NASDAQ: QGEN) beat earnings but said it is eyeing large acquisitions. The ADRs are down 3.7% at $18.82 on 139,000 shares and the 52-week trading range is $18.06 to $24.00.

QuinStreet, Inc. (NASDAQ: QNST) is a recent IPO and it is surging after earnings. Shares are up 14.5% at $11.46 on only about 5,000 shares. Its post-IPO trading range is $9.91 to $18.25.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: ABK, CPLP, FEED, FOSL, JASO, LOPE, MBI, NFLX, NUAN, PPCO, QGEN, QNST

Top Day Trader Alerts (AIB, ABK, CRUS, FOSL, ING, JASO, MBI, NBG, PCLN)

Administrator — Tue, 11 May 2010 12:36:48 +0000

There are many movers this morning in the top day trader and active trader alerts. Some are on earnings, some are not. Today’s cast of characters includes Allied Irish Banks plc (NYSE: AIB), Ambac Financial Group, Inc. (NYSE: ABK), Cirrus Logic, Inc. (NASDAQ: CRUS), Fossil, Inc. (NASDAQ: FOSL), ING Group, N.V. (NYSE: ING), JA Solar Holdings Co., Ltd. (NASDAQ: JASO), MBIA Inc. (NYSE: MBI), National Bank of Greece SA (NYSE: NBG), and Priceline.com Incorporated (NASDAQ: PCLN). There is a description of the event/news on each as well as volume and price data.

Allied Irish Banks plc (NYSE: AIB) is down this morning after solid gains yesterday. Today’s drop is nothing more than “related ongoing concerns over the bailout package after the short-term” and that has shares giving back. AIB is down 7.2% at $3.34.

Ambac Financial Group, Inc. (NYSE: ABK) is trading lower in sympathy with MBIA; shares are down 4.67% at $1.43.

Cirrus Logic, Inc. (NASDAQ: CRUS) is trading higher this morning after a Cramer reference last night on MAD MONEY on CNBC as an Apple iPad and iPhone winner. Shares are up 6.7% at $12.79 on almost 100,000 shares.

Fossil, Inc. (NASDAQ: FOSL) is trading up after it beat earnings with $0.53 EPS vs. $0.32 from Thomson Reuters consensus estimates. It raised Q2 guidance to $0.32 to $0.34 EPS vs. $0.29 estimates and raised 2010 guidance. Shares are up 5.6% at $37.86.

ING Group, N.V. (NYSE: ING) is down with ADRs from the E.U. as the bailout has “related ongoing concerns over the bailout package after the short-term”… Shares are down 6.5% at $8.26 on over 40,000 shares.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is trading up after it reported $0.24 EPS per ADS on revenue of $279.2M, above the $0.18 and $265 million estimates from Thomson Reuters. The company also raised guidance for 2010 with shipments to exceed 1GW rather than 900MW previously offered. Shares are up 5% at $6.75 on over 200,000 shares.

MBIA Inc. (NYSE: MBI) is trading lower this morning after posting a $1.48 billion loss of -$7.22 EPS after a $2.2 billion pre-tax unrealized loss on insured credit derivatives. Revenue was down 13% to $1.77 billion. Shares are trading down 13.4% at $8.08 versus a 52-week range of $3.19 to $10.92.

National Bank of Greece SA (NYSE: NBG) is down again, like most days. After E.U. ADRs and markets sold off the bank was one of the major drops seen. Shares are down over 5% at $2.91 after a $3.07 close yesterday.

Priceline.com Incorporated (NASDAQ: PCLN) is down over 10% after earnings last night. The company beat earnings expectations. Its guidance for Q2 failed to impress due to Iceland’s volcano woes and unrest in Thailand. Shares are down 11.5% at $220.95 on thin pre-market trading volume.

JON C. OGG

Sponsor: 26 Cheap Stocks to Sell – Cheap stocks have been on a tear recently, but nine out of ten stocks are circling the drain!

Filed under: Pre-Market Activity, Trading Alert Tagged: ABK, AIB, CRUS, FOSL, ING, JASO, MBI, NBG, PCLN

52-Week High Club (PCLN, TWTC, FOSL)

247wallst — Tue, 10 Nov 2009 21:29:44 +0000

Priceline.com Inc (NASDAQ: PCLN) surged over 20% to a yearly high of $209.19. The global online travel agency rose after the company forcast that 4Q earnings would be at least $1.52 a share, with current analyst estimates resting around $1.49.

tw telecom inc. (NASDAQ: TWTC) rose as high as 10% today as it reached a yearly high of $15.24. The internet and telephone service provider was upgrade by JPMorgan Chase & Co. to “overweight” from “neutral”.

Fossil Inc (NASDAQ: FOSL) rose as high as 11.5% to a high of $32.07 toda as the fashion accessory designer and distributor raised their earnings estimates.

Garrett W. McIntyre

Posted in Earnings, Retail, Telecom Tagged: FOSL, PCLN, Travel, TWTC