Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are bouncing by over 10% this morning now that equities have stopped the drop for now.

Hovnanian Enterprises Inc. (NYSE: HOV) is down about 10% … maybe all those ‘great home sales figures’ are either not so great or are not sustainable.

InnerWorkings Inc. (NASDAQ: INWK) is down sharply on an earnings warning.

Sun Microsystems Inc. (NASDAQ: JAVA) is down, but not as bad as you might think, on the EU probe of the Oracle Corp. (NASDAQ: ORCL) buyout…. Silly children must be in charge over there.

Sepracor, Inc. (NASDAQ: SEPR) is already at exponential trading volume on the buyout news.

Sinovac Biotech Ltd. (AMEX: SVA) is challenging $10.00 again… China approved it for a vaccine against swine flu for the Chinese market.

Zumiez Inc. (NASDAQ: ZUMZ) is up over 10% after negative same store sales were not as bad even at -12.1%… it caught 3 analyst upgrades.

You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top day trader alerts hit, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG
SEPTEMBER 3, 2009

• ADTRAN (ADTN) Started as Equal-Weight at Barclays.
• AFLAC (AFL) Cut to Hold at Deutsche Bank.
• CBS (CBS) Cut to Underperform at Bernstein.
• Data Domain (DDUP) Started as Sell at Broadpoint AmTech.
• Energizer (ENR) Cut to Sell at UBS.
• Innerworkings (INWK) Cut to Hold at Jefferies.
• MetroPCS (PCS) Cut to Sector Perform ar RBC.
• Pantry (PTRY) Cut to Market Perform at FBR.
• Royal Gold (RGLD) Cut to Underweight at HSBC.
• Stryker (SYK) Cut to Hold at Needham.

Jon C. Ogg
January 27, 2009