Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (MSFT) and Cisco (CSCO) would be the next sector hit hard by selling.
Shares short in Microsoft rose 18% to 92.4 million. Share sold short in Cisco were up 17% to 61.3 million. The short interest in Dell (DELL) rose 15% to 60.1 million. Shares sold short in Nvidia (NVDA) were up 67% to 43 million.
These are the top pre-market analyst upgrades and positive calls we are seeing from Wall Street firms this Friday morning with more than two hours until the open.
Jon C. Ogg
November 21, 2008
It has been almost impossible for most stocks to avoid the carnageand mayhem of late. It is interesting just how many widely held stocks have broken under the $10.00 share price level today. This can screw up optionstrading and begins to genuinely worry investors who were alreadyworried. Shares never dip under $10.00 because things are great.
Limited Brands (NYSE: LTD) broke $10.00 Monday, and it keeps looking farther and farther away at $8.80. Candles, body products, and undies… not recession-proof.
Omniture (NASDAQ: OMTR) re-broke the $10.00 barrier this week. Business optimization must not be good when the recession is there whether you optimize or not.
Below is some of the top pre-market news affecting individual shares that 247WallSt.com is reviewing:
Jon C. Ogg
December 6, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
(A) Agilent reiterated guidance after completing Stratagene buyout.
(ADCT) ADC Telecom trading up 3% after posting $0.35 EPS vs $0.24 estimates.
(ANN) Ann Taylor May s-s-s -4.6% versus -3.1% estimate.
(ATVI) Activision will take $66.7 million non-cash and pre-tax charge for options back-dating.
(BEBE) Bebe Stroes May s-s-s -3% versus -2.8% estimate.
(BHI) Baker Hughes rig count rose 23 to 1,007 versus April and up from 920 in May 2006.
(BMET) Biomet’s private equity buyout raised to $46.00.
(CALL) CallWave announced the ‘industry’s first’ Visual Voicemail gadget for Google Personalized Homepage.
(CHINA) CDC Corp. appointed two new directors.
(COST) CostCo s-s-s were +7% in May, above 5.5% estimates.
(DJ) Dow Jones may have some interest from owner of Philadelphia Inquirer.
(DSCO) Discovery Laboratories initiated a Phase II clinical trial evaluating the use of Surfaxin in children up to two years of age suffering from Acute Respiratory Failure.
(ESLT) Elbit Systems awarded $110 million order by Thales UK to provide ISTAR capability for UK armed forces.
(FINL) Finish Line guided Q1 earnings below estimates and now sees a loss.
(HGSI) Human Genome Sciences shows positive final results Of Phase 2b trial of Albuferon
(IDEV) Indevus Pharmaceuticals reports positive data from Phase III NEBIDO trial for development for the treatment of male hypogonadism.
(INFN) Infinera Corp. IPO priced 14M shares at $13.00, above the 410.00 to $12.00 range.
(IMMC) Immunicon has released highlights from podium presentations made at ASCO meeting.
(JOSB) Jos. A. Banks may s-s-s +13.5% versus +4% estimate.
(JCP) JC Penney May s-s-s -2% vs +0.3% estimates.
(JWN) JW Nordstrom’s May s-s-s +6.3% versus +2.6% estimate.
(LTD) Limited Brands May s-s-s _2% vs -1% estimate.
(MSFT) Microsoft has entered a cross license pact with LG Electronics for further development of current and future product lines.
(OPTT) Ocean Power Tech awarded a $1.7 million Navy order for its PowerBuoys.
(SFD) Smithfield Foods $0.34 EPS vs $0.34e; named new CFO.
(SHRP) Sharper Image May s-s-s -8% vs -13% estimate.
(UTIW) UTI Worldwide $0.18 EPS vs $0.16e.
(WMT) Wal-Mart s-s-s +1.1% vs 1.2% estimate; sales were +1.3% after fuel.
(YANB) Yardville National gets $35.00 buyout from PNC.
Jon C. Ogg
June 7, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
On today’s STOP TRADING on CNBC, Jim Cramer said that Limited (LTD-NYSE) will go up. The CEO doesn’t rest on his laurels and that could be a $30.00 play. He thinks there is value to unlock. He spoke before he got to really look at the news. Shares are down 5% at $26.00 on the day. The company is unlocking shareholder value, but it also issued a warning.
Limited has re-opened after announcing its news: The company is selling 67% of the ownership in its Express brand for some $548 million, with total after tax cash proceeds coming in at $425 million. It is exploring strategic alternatives for its Limited Stores business. These bits of news would have been welcomed on their own, but the company warned on earnings as well: The Company stated that it now expects 2007 first quarter earnings to be $0.12 to $0.14, versus its initial guidance of $0.25 to $0.28, and $0.25 last year and therefore estimates 2007 second quarter earnings per share to be $0.20 to $0.24 compared to $0.28 per share last year. For the full year 2007, the Company now expects earnings per share of $1.55 to $1.65, versus its initial guidance of $1.75 to $1.90. Most of this is being blamed on weakness at Victoria’s Secret.
Cramer might be right longer-term, but he didn’t anticipate that earnings warning. Making a call before you know what the news is just proved yet again to be a dangerous game. The good news is that shares were halted so there was no way those comments could have impacted traders. This is part of the problem in believing that all "unlocking value" is without risks.
Jon C. Ogg
May 15, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
| Today’s top tickerspy Indexes | |
| Coffee Stocks | +16.3% |
| Hotel Stocks | +9.0% |
| 2009 IPOs | +8.2% |
| Education Stocks | +4.7% |
| Coal Stocks | +4.4% |
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