24/7 Wall St. » KVHI

24/7 Wall St. Closing Bell (AAPL, X, NVDA, BUD, ALU, MWW, DBD, KVHI, NTE, ESTE, BDCO, GNOM, CHTP, CRD-A, GEVO)

Paul Ausick — Mon, 13 Feb 2012 21:04:22 +0000

Equity markets got off to a good start this morning as all three major US stock indexes opened higher on the news that the Greek parliament had approved a new round of austerity measures, which the country hopes will lead to a $172 billion bailout package from the EU, the IMF, and the European Central Bank. There wasn’t much else to boost stocks this morning, other than Apple Inc. (NASDAQ: AAPL) finally busting through the $500/share barrier (our coverage here). The dollar gained strength versus the euro as the day went on, putting a little more pressure on equity prices. Crude oil moved up sharply on improving global economic conditions and reports from tanker owners that they would be avoiding Persian Gulf crude supplies (our coverage here). WTI crude rose more than 2% to $100.71/barrel and Brent crude rose 0.19% to $117.52/barrel. Gold settled down less than -0.1% at $1,724.90/ounce.

The unofficial closing bells put the DJIA up nearly 73 points to 12,874.04 (0.57%), the NASDAQ rose more than 27 points (0.95%) to 2,931.39, and the S&P 500 rose 0.68% or more than 9 points to 1,351.76.

There were several analyst upgrades and downgrades today, including U.S. Steel Corp. (NYSE: X) cut to ‘hold’ at KeyBanc; Nvidia Corp. (NASDAQ: NVDA) raised to ‘outperform’ at FBR; Anheuser Bush InBev (NYSE: BUD) started as ‘neutral’ at Credit Suisse; Alcatel Lucent SA (NYSE: ALU) cut to ‘sell’ at SocGen; and Monster Worldwide Inc. (NYSE: MWW) cut to ‘sell’ at Citigroup.

Earnings reports since markets closed last Friday have led to some price changes as of the last half hour of trading today: Diebold Inc. (NYSE: DBD) is up 9.3% at $37.97 after posting a new 52-week high of $39.72 earlier today; KVH Industries Inc. (NASDAQ: KVHI) is down -8.7% at $9.04; Nam Tai Electronics Inc. (NYSE: NTE) is down more than -12% at $5.83; and Earthstone Energy Inc. (NASDAQ: ESTE) is up 22% at $21.35. See our preview of companies announcing earnings tomorrow.

Other standouts from today include the following stocks:

Blue Dolphin Energy Inc. (NASDAQ: BDCO) is up about 69% at $8.75 after posting a new 52-week high of $10.48. The pipeline and oil & gas producer has no news, but crude prices are rising today and Blue Dolphin is appealing to investors.

Complete Genomics Inc. (NASDAQ: GNOM) is up nearly 40% at $4.60. The DNA-sequencing company has been selected by the Mayo Clinic to supply outsourced whole human genome sequencing.

Chelsea Therapeutics International Inc. (NASDAQ: CHTP) is down more than -38% at $3.08 after posting a new 52-week low of $2.90 earlier today. The development stage pharmaceutical company reported that it would present additional information for its new drug application currently pending before the FDA. More coverage here.

Crawford & Co. (NYSE: CRD-A) is down more than -13% at $3.95. The claims management service reported weaker than expected earnings this morning.

Gevo Inc. (NASDAQ: GEVO) is up nearly 20% at $$10.18. The alternative energy company has no news today. See more coverage here.

Stay tuned for Tuesday. Philadelphia Fed President Charles Plosser and Atlanta Fed President Dennis Lockhart are giving speeches. We have noted the following events on the schedule (all times Eastern):

7:30 a.m. – Small business optimism index
8:30 a.m. – Retail sales
8:30 a.m. – Export and import prices
10:00 a.m. – Business inventories
11:30 a.m. – 4-week Treasury bill auction

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: AAPL, ALU, BDCO, BUD, CHTP, CRD-A, DBD, ESTE, GEVO, GNOM, KVHI, MWW, NTE, NVDA, X

Morning Movers (GNOM, REGN, CHTP, KVHI, BDCO)

Paul Ausick — Mon, 13 Feb 2012 15:39:11 +0000

The three major US equities indexes opened higher this morning as traders respond positively to Greek parliament’s vote to accept additional austerity meausres in exchange for a second $172 bailout package. The DJIA is about up nearly 55 points at about 12,856, the Nasdaq Composite is up more than 25 points at about 2,929, and the S&P 500 is nearly 7 points at about 1,350.

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Complete Genomics Inc. (NASDAQ: GNOM), Regeneron Pharmaceuticals Inc. (NASDAQ: REGN), Chelsea Therapeutics International Ltd. (NASDAQ: CHTP), KVH Industries Inc. (NASDAQ: KVHI), and Blue Dolphin Energy Co. (NASDAQ: BDCO).

After the first hour of trading this morning, Complete Genomics is up nearly 33% at $4.37. Volume is about already nearly 10x the daily average of about 675,000 shares traded. The DNA-sequencing company has been selected by the Mayo Clinic to supply outsourced whole human genome sequencing.

Regeneron is up about 11% at $113.27 after posting a new 52-week high of $115.50 earlier this morning. Volume is already about 8x the daily average of 615,000 shares traded. The biopharmaceutical company raised its full-year sales forecast.

Chelsea is down more than -34% at $3.28 after posting a new 52-week low of $2.90 earlier. Volume is already about 30x the daily average of about 680,000 shares traded. The development stage pharmaceutical company reported that it would present additional information for its new drug application currently pending before the FDA.

KVH is down nearly -9% at $9.04. Volume is already about half the daily average of around 62,000 shares traded. The mobile communications product maker provided lower-than-expected guidance for 2012 this morning.

Blue Dolphin is up nearly 16% at $5.97. Volume is already more than double the daily average of about 22,000 shares traded. The oil & gas midstream and E&P company sold $300 million of new notes in a private placement last week.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: BDCO, CHTP, GNOM, KVHI, REGN

Pre-Market Stock News (June 27, 2007)

247wallst — Wed, 27 Jun 2007 07:06:29 +0000

(ANDW) Andrew Corp being acquired for $15.00 per share.
(APOG) Apogee Enterprises $0.34 EPS vs $0.23e; unsure if comparable.
(AUTH) AuthenTec priced its 7.5M share IPO at the top of the $9.00 to $11.00 range for 7.5 million shares.
(BAY) Bayer AG and Onyx submit supplemental new drug application for Nexavar to treat liver cancer.
(CTV) Commscope raised guidance.
(GTRC) Guitar Center being acquired by Bain Capital for $63.00 per share.
(ISTA) ISTA Pharmaceuticals will raise $36.75 million in private placement.
(JSDA) Jones Soda announced exclusive formula use pact in Japan.
(KVHI) KVH Industries announced that Monaco Coach will add the KVH TracVision R-series of mobile satellite TV systems to their new 2008 vehicles.
(NKE) Nike $0.86 EPS vs $0.86e.
(NUVO) Nuvelo lost Bayer as R&D partner in stroke trials.
(ORCL) Oracle $0.37 EPS vs $0.35e.
(PAYX) Paychex reports earnings after close: $0.36 EPS and $496.3M revenue expected.
(RYAAY) Ryanair blocked by EU in bid to buy Aer Lingus.
(SCOR) comScore priced its 5.3 million share IPO at $16.50 per share.
(SMSC) $0.29 EPS vs $0.25e.
(SQNM) Sequenom announced it will develop HPVtest and other diagnostics with SensiGEn LLC.
(TASR) Taser announced a suit in St. Louis against the company was voluntarily dismissed.
(TOPP) Topps Co. said Upper Deck has initiated a $10.75 per share tender.
(YMI) YM BioSciences received FDA Clearance for an IND for its fentanyl-based pain product.
(YUM) Yum! Brands trades ex-split to reflect a 2-1 stock split.

Jon C. Ogg
June 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Pre-Market Stock News (June 25, 2007)

247wallst — Mon, 25 Jun 2007 07:18:31 +0000

(AAPL) Apple’s iTunes passed Amazon.com in music sales to become #3 music seller behind Best Buy and Wal-Mart.
(AFOP) Alliance Fiber Optics raised Q2 sales guidance.
(AGN) Allergan trades ex-split to reflect a 2-1 stock split today.
(BNT) Bentley Pharmaceuticals reported positive results with Nasulin intranasal insulin spray at the American Diabetes Association sessions.
(BX) Blackstone was the cover story for Barron’s, noted somewhat cautiously.
(DCGN) deCODE genetics announces positive clinical results for DG041 lead product candidate.
(EBAY) eBay has reportedly sent back some of the ad business to Google that it recently pulled.
(ESRX) Express Scripts trades ex-split today to reflect a 2-1 stock split.
(FRH) Freedom Acquisition Holdings is becoming a public hedge fund and alternative investment vehicle as GLG Partners a $3.4 Billion total compensation deal.
(GILD) Gilead trades ex-split today to reflect a 2-1 stock split.
(GIVN) Given Imaging could revolutionize colonoscopies according to Cramer.
(GPCB) GPC Biotech announced a partnership for Satraplatin in Japan with Yakult Honsha Co. Ltd. And will receive close to a $10 million payment plus royalties.
(HNSN) Hansen Medical has initiated legal action against Luna Innovations over trade secrets, unfair competition and breach of contract on fiber optic technologies for use in robotic catheter products and related intellectual property.
(KVHI) KVH Industries received a $1.1 million fiber optic gyro order for military simulators.
(LRY) Liberty Property established a $50 million buyback program as part of a total $100 million buyback plan.
(MRK) Merck announced that JANUVIA in combination with metaformin provided significant glycemic improvement and was well tolerated and showed significantly improved blood sugar control in patients with type II diabetes.
(NBL) Noble Energy announced new oil and gas discovery in Equatorial Guinea.
(NGI) NEON Communications being acquired for $5.25 per share by RCN Communications.
(NRGN) Neurogen announces positive results for proprietary insomnia drug in two chronic insomnia clinical trials.
(NTDOY) Nintendo passed up Sony in market value in Japan today.
(OMTR) Omniture could be acquired in online ad measuring according to Cramer; stock up 8%.
(OREX) Orexigen Therapeutics announced positive obesity data this weekend American Diabetes Association 67th Scientific Sessions in Chicago.
(USEY) US Energy is seeking third party financial advisors to assist board in its evaluation of potential refinancing or restructuring transactions
(YHOO) Yahoo!’s head executive of US ad sales left for Martha Stewart Ominimedia; Yahoo! is merging ad departments.

Jon C. Ogg
June 25, 2007

JOn Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.