24/7 Wall St. » OXGN

24/7 Wall St. Closing Bell (INTC, BA, AZO, DD, EPB, LEN, TOL, BRN, DMND, VMC, OXGN, HBP, PNCL, ROSE, NBG)

Paul Ausick — Mon, 12 Dec 2011 21:06:28 +0000

US equity markets opened sharply lower this morning and continued falling before levelling off at around 200 pts down on the DJIA. The downturn followed closer examination of the European Union’s agreement last week which traders hoped would put an end to the debt crisis in Europe. That turned out not to be the case, however, with both Moody’s and Fitch Ratings expressing doubts about the permanence of the deal. An announcement of lowered guidance from Intel Corp. (NASDAQ: INTC) weighed on the tech sector. WTI crude oil is trading at $97.94/barrel shortly before today’s close, down about -1.5%, and gold is up about 1.85% at $1,744.50.

The unofficial closing bells put the DJIA down more than 162 points to 12,021.77 (-1.33%), the NASDAQ fell more than 34 points (-1.31%) to 2,612.26, and the S&P 500 fell nearly -1.5% or more than 18 points to 1,236.48.

There were several analyst upgrades and downgrades today, including Boeing Co. (NYSE: BA) raised to overweight with an $82 target price at Morgan Stanley. Other ratings actions today include AutoZone Inc. (NYSE: AZO) maintained as ‘buy’ with a $381 target price at Argus, E.I. du Pont de Nemours & Co. (NYSE: DD) cut to ‘neutral’ at Citigroup; El Paso Pipeline Partners L.P. (NYSE: ELB) started as ‘overweight’ at JPMorgan; Lennar Corp. (NYSE: LEN) and Toll Brothers, Inc. (NYSE: TOL) cut to ‘hold’ at KeyBanc.

Here are today’s post-earnings news reactions with prices during the last half-hour of trading: Barnwell Industries Inc. (AMEX: BRN) is down about -2.8% at $3.09. There were no other earnings report of note today.

Other standouts from today include the following stocks:

Diamond Foods Inc. (NASDAQ: DMND) is down more than -22% at $31.45. The snack food company faces more questions about its accounting. See our coverage for more details.

Vulcan Materials Co. (NYSE: VMC) is up more than 15% at $38.84. The construction materials company received an unsolicited takeover bid from competitor Martin Marietta Materials Inc. (NYSE: MLM).

Oxigene, Inc. (NASDAQ: OXGN) is up nearly 20% at $1.21. The biopharmaceutical company has signed an agreement with a Danish pharmaceutical firm to provide one of Oxigene’s cancer drugs in Europe.

Helix Biopharma Corp. (AMEX: HBP) is down nearly -13% at $1.36. The cancer drug development company has appointed a special committee and engaged an outside auditing firm to investigate claims of unauthorized “representations and assurances” made by certain shareholders to European shareholders who purchased the company’s shares in a private placement.

Pinnacle Airlines Corp. (NASDAQ: PNCL) is down nearly -16% at 1.17, after posting a new 52-week low of $1.08 earlier today. The regional airlines is initiating a program to cut costs and raise cash, and shares were downgraded today at Dahlman Rose from ‘hold’ to ‘sell’ with a target price of $0.75.

Rosetta Resources Inc. (NASDAQ: ROSE) is down -11% at $45.00. The oil & gas exploration & production company experienced disappointing results from two wells in northern Montana.

National Bank of Greece SA (NYSE: NBG) is down more than -15% at $2.03, after posting a new 52-week low of $2.01 earlier today. The bank is the victim of the lack of enthusiasm that developed over the weekend for the Eurozone agreement.

Stay tuned for Tuesday. Here are some noteworthy events on the schedule (all times Eastern):

7:30 a.m. – NFIB small business optimism index
8:30 a.m. – Retail sales
10:00 a.m. – Business inventories
2:15 p.m. – Federal Reserve open market committee meeting announcement.

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: AZO, BA, BRN, DD, DMND, EPB, HBP, INTC, LEN, NBG, OXGN, PNCL, ROSE, TOL, VMC

24/7 Wall St. Closing Bell (GRPN, BIG, DAL, RGLD, SD, SPWRA, TSL, SBUX, LNKD, ANLY, OXGN, RST, MTZ, ALJ, DRWI, LEDS, CHK, IPSU, SGEN)

Paul Ausick — Fri, 04 Nov 2011 20:09:35 +0000

Markets opened lower this morning, and a modest gain of 80,000 non-farm jobs and a slight improvement of the US unemployment rate to 9.0% didn’t lift investors’ spirits before the opening. Today’s confidence vote in Greece kept financial stocks down as investors try to figure out what it will mean if the Greek prime minister is booted out and the country doesn’t accept the latest batch of austerity tied to the country’s $180 billion bail-out package. The IPO of Groupon Inc. (NASDAQ: GRPN) went off at $20, with shares rising to $31.44 before pulling back to $26.11 in the last half hour of trading. Crude oil is basically flat and gold has pulled back less than -0.5%. The dollar is slightly stronger against both the euro and the yen, putting weight on commodities.

The unofficial closing bells put the DJIA down more than 61 points to 11,983.32 (-0.51%), the NASDAQ fell more than 11 points (-0.44%) to 2,686.15, and the S&P 500 fell -0.63% or more than 7 points to 1,253.23.

There were several analyst upgrades and downgrades today, including Big Lots, Inc. (NYSE: BIG) raised to ‘outperform’ at Wedbush. Delta Air Lines (NYSE: DAL) was raised to ‘outperform’ at Zack’s and was named the firm’s Bull of the Day; Royal Gold Inc. (NASDAQ: RGLD) was cut to ‘sector perform’ at National Bank; SandRidge Energy Inc. (NYSE: SD) was cut to ‘hold’ at Stifel Nicolaus; Sunpower Corp. (NASDAQ: SPWRA) was cut to ‘underperform’ at Macquarie; and Trina Solar Ltd. (NYSE: TSL) was cut to ‘neutral’ at Macquarie. We noted a change in the solar sector earlier today.

Here are today’s big post-earnings news reactions with prices during the last half-hour of trading: Starbucks Corp. (NASDAQ: SBUX) is up about 6.4%, at $44.04, after posting a new 52-week high earlier in the day; LinkedIn Corp. (NASDAQ: LNKD) is down more than -6%, at $82.09; Analysts International Corp. (NASDAQ: ANLY) is up nearly 28%, at $4.67; Oxigene, Inc. (NASDAQ: OXGN) is down -33%, at $1.22; Rosetta Stone, Inc. (NYSE: RST) is down more than -23%, at $7.77, after posting a new low earlier today; and MasTec, Inc. (NYSE: MTZ) is down -20%, at $17.52.

Several other standouts from today are as follows…

Alon USA Energy, Inc. (NYSE: ALJ) is up nearly 46%, at $11.40. The Israeli-based oil refiner has struck a deal to receive 25,000 barrels/day of WTI crude at its Louisiana refinery, which will give its margins a sharp boost.

DragonWave, Inc. (NASDAQ: DRWI) is up 36%, at $4.91. The company has agreed to buy the microwave business from the joint venture Nokia Siemens Networks.

SemiLEDS Corp. (NASDAQ: LEDS) is up nearly 37%, to $4.04. The company got a huge boost from the Chinese government’s announcement that it will ban incandescent light bulbs beginning next year.

Chesapeake Energy Corp. (NYSE: CHK) is down more than -6%, at $27.24. The company reported better-than-expected earnings this morning, but asset sales to generate cash are causing concerns among investors.

Imperial Sugar Co. (NASDAQ: IPSU) is down more than -12%, at $6.01, after posting a new 52-week low of $5.75 earlier today. The company is suspending its quarterly dividend.

Seattle Genetics Inc. (NASDAQ: SGEN) is down about -18%, at $18.02. The shares posted an all-time high earlier this week, but the stock price run-up may have exaggerated the company’s growth prospects.

Stay tuned for Monday. Boston Federal Reserve president Eric Rosengren is giving a speech in the morning. We have noted the following events (all times Eastern):

11:00 a.m. – Four-week Treasury bill announcement
11:30 a.m. – Three- and six-month Treasury bill auction
3:00 p.m. – Federal Reserve consumer credit report

Paul Ausick

Filed under: Analyst Calls, HI/LOW, Market Close Tagged: ALJ, ANLY, BIG, CHK, DAL, DRWI, GRPN, IPSU, LEDS, LNKD, MTZ, OXGN, RGLD, RST, SBUX, SD, SGEN, SPWRA, TSL

Top Active Trader Stocks This Morning (ALU, CEDC, CHK, ENTR, FSLR, LNKD, MTZ, OXGN, SBUX, SPWRA, VVUS, YRCW)

Administrator — Fri, 04 Nov 2011 12:44:04 +0000

We have several big movers in the after-hours session. We have compiled a news summary and shown the after-hours moves in the following shares this Thursday evening: Alcatel-Lucent, S.A. (NYSE: ALU); Central European Distribution Corp. (NASDAQ: CEDC); Chesapeake Energy Corporation (NYSE: CHK); Entropic Communications, Inc. (NASDAQ: ENTR); First Solar, Inc. (NASDAQ: FSLR); LinkedIn Corporation (NYSE: LNKD); MasTec, Inc. (NYSE: MTZ); OXiGENE Inc. (NASDAQ: OXGN); Starbucks Corporation (NASDAQ: SBUX); SunPower Corporation (NASDAQ: SPWRA); VIVUS, Inc. (NASDAQ: VVUS); and YRC Worldwide Inc. (NASDAQ: YRCW).

Alcatel-Lucent, S.A. (NYSE: ALU) is getting a smackdown after earnings and after dialing its expectations back down. The pain continues and shares are down 13.4% at $2.39.

Central European Distribution Corp. (NASDAQ: CEDC) missed earnings and lowered its estimates again for ahead. Shares are down 23.6% at $3.85 in active pre-market trading.

Chesapeake Energy Corporation (NYSE: CHK) beat earnings at $0.72 EPS versus $0.66 estimates; shares are up 5.5% at $30.64 before the open.

Entropic Communications, Inc. (NASDAQ: ENTR) is down less than the 11% drop last night after it managed to beat estimates at $0.12 EPS. Shares are down almost 8% at $5.46.

First Solar, Inc. (NASDAQ: FSLR) was up another 4% at $50.08 last night after the company announced manufacturing consolidation moves that will delay a Vietnam plant from opening. Shares are up only about 1.7% this morning at $49.00 due to a downgrade and due to poor earnings from competitors.

LinkedIn Corporation (NYSE: LNKD) reported a loss and said it was selling $100 million in new stock. Shares are down 10.6% at $78.16 before the open.

MasTec, Inc. (NYSE: MTZ) is indicated down over 10% on no volume; shares were down 12.8% last night. It beat earnings but guidance was mostly in-line.

OXiGENE Inc. (NASDAQ: OXGN) is now down 34% at $1.20 after showing its final data from Phase 2 FALCON study for its ZYBRESTAT in treating Non-Small Cell Lung cancer. This is even worse than it was last night.

Starbucks Corporation (NASDAQ: SBUX) is up 3.5% at $42.85 after earnings on Thursday. The coffee destination retailer posted a 29% rise in profits and it raised the dividend and increased shares under a buyback plan.

SunPower Corporation (NASDAQ: SPWRA) is indicated down over 6% at $8.20 after reporting mixed earnings and lowering guidance. Should this really still be a surprise?

VIVUS, Inc. (NASDAQ: VVUS) is higher on an upgrade and on news that Qnexa’s Phase III data published in obesity showed a 14.4% average weight loss in severely obese patients completing one year of treatment. Shares are up 3.8% at $9.85.

YRC Worldwide Inc. (NASDAQ: YRCW) was doing better after an analyst removed the “Sell” rating and after a new CFO has been named. Earnings were released and shares are now up less than 2% but on well over 3 million shares in pre-market trading.

JON C. OGG

Filed under: Pre-Market Activity, Trading Alert Tagged: ALU, CEDC, CHK, ENTR, FSLR, LNKD, MTZ, OXGN, SBUX, SPWRA, VVUS, YRCW

Top After-Hours Stocks on the Move (CHK, ENTR, FSLR, KEYN, LNKD, MTZ, OXGN, SBUX, VVUS)

Administrator — Thu, 03 Nov 2011 21:54:48 +0000

We have several big movers in the after-hours session. We have compiled a news summary and shown the after-hours moves in the following shares this Thursday evening: Chesapeake Energy Corporation (NYSE: CHK); Entropic Communications, Inc. (NASDAQ: ENTR); First Solar, Inc. (NASDAQ: FSLR); Keynote Systems, Inc. (NASDAQ: KEYN); LinkedIn Corporation (NYSE: LNKD); MasTec, Inc. (NYSE: MTZ); OXiGENE Inc. (NASDAQ: OXGN); Starbucks Corporation (NASDAQ: SBUX); and in VIVUS, Inc. (NASDAQ: VVUS).

Chesapeake Energy Corporation (NYSE: CHK) beat earnings at $0.72 EPS versus $0.66 estimates; shares were even higher right after the news but the stock is still up 5% at $30.50 on more than 1.3 million shares in the after-hours session.

Entropic Communications, Inc. (NASDAQ: ENTR) managed to beat estimates at $0.12 EPS, but the after-hours reaction is down 11% at $5.28 on more than 130,000 shares since the close.

First Solar, Inc. (NASDAQ: FSLR) closed up 2% at $48.18 and shares are up another 4% at $50.08 after the company announced manufacturing consolidation moves that will delay a Vietnam plant from opening.

Keynote Systems, Inc. (NASDAQ: KEYN) beat sales and revenue estimates but gave a mixed guidance picture. Shares were down 11% at $22.25 in more than 60,000 shares in the after-hours session.

LinkedIn Corporation (NYSE: LNKD) closed up 3.5% today, but the company reported a loss and said it was selling $100 million in new stock. Shares are down 8.5% at $79.70 in the after-hours reaction.

MasTec, Inc. (NYSE: MTZ) was getting hit in the after-hours session after beating earnings but giving guidance that was mostly in-line; shares were down 12.8% at $19.10 on more than 55,000 shares in the after-hours session.

OXiGENE Inc. (NASDAQ: OXGN) is down a sharp 28% at $1.31 after showing its final data from Phase 2 FALCON study for its ZYBRESTAT in treating Non-Small Cell Lung cancer.

Starbucks Corporation (NASDAQ: SBUX) closed up 0.5% today and the stock is up 2.8% at $42.55 after earnings in the after-hours. The coffee destination retailer posted a 29% rise in profits and it raised the dividend and increased shares under a buyback plan.

VIVUS, Inc. (NASDAQ: VVUS) reported after the close that Qnexa’s Phase III data published in obesity showed a 14.4% average weight loss in severely obese patients completing one year of treatment. Shares were up over 3% at $9.80 after the close on more than 50,000 shares.

JON C. OGG

Filed under: After-Hours Activity, Trading Alert Tagged: CHK, ENTR, FSLR, KEYN, LNKD, MTZ, OXGN, SBUX, VVUS

24/7 Wall St. Closing Bell (AWK, C, JPM, CAT, DE, VLO, PNX, NOR, HGG, CECO, END, VG, AMRS, DMND, PG, SINO, OXGN, RTK, RNF)

Paul Ausick — Wed, 02 Nov 2011 20:08:58 +0000

Stocks opened higher this morning and the gains held up pretty well all day. The Federal Reserve Open Market Committee report contained no big surprises, with interest rates continuing to be held between 0%-0.25%. The dollar is a bit weaker, leading to a small rise in oil and commodity stocks. Fed chairman Ben Bernanke’s prepared remarks were issued prior to his press conference, and the Fed has lowered its estimate of US economic growth for the year from 2.7%-2.9% to 1.6%-1.7%. The growth forecast for 2012 has also been trimmed, from 3.3%-3.7% to 2.5%-2.9%.

The unofficial closing bells put the DJIA up nearly more than 177 points to 11,835.74 (1.52%), the NASDAQ rose more than 33 points (1.27%) to 2,639.98, and the S&P 500 rose 1.61% or more than 19 points to 1,237.89.

There were several analyst upgrades and downgrades today, including American Water Works (NYSE: AWK) added to Zack’s Strong Buy List. Citigroup Inc. (NYSE: C) and JP Morgan Chase & Co. (NYSE: JPM) cut to ‘hold’ at S&P Capital IQ; Caterpillar Corp. (NYSE: CAT) started at ‘overweight’ at Morgan Stanley; Deere & Co. (NYSE: DE) started at ‘underweight’ at Morgan Stanley; and Valero Energy Corp. (NYSE: VLO) reiterated ‘buy’ at Argus with a price target of $35.

Here are today’s big post-earnings news reactions with prices during the last half-hour of trading: Phoenix Companies Inc. (NYSE: PNX) up more than 27%, at $1.73; Noranda Aluminum Holding Corp. (NYSE: NOR) is up more than 21%, at $10.44; hhgregg, Inc. (NYSE: HGG) up more than 16%, at $14.09; Career Education Corp. (NASDAQ: CECO) is down nearly -467%, at $8.38, a new 52-week low; Endeavor International Corp. (NYSE: END) is down nearly -14%, at $7.66; and Vonage Holding Corp. (NYSE: VG) is down about -15%, at $2.65.

Several other standouts from today are as follows…

Career Education Corp., in addition to posting an awful quarterly report, also got hit by the resignation of the company’s CEO. Shares are down more than -47%, at $8.38, to give the shares a new range of $8.68-$27.60.

Amyris Corp. (NASDAQ: AMRS) is down more than -20%, at $15.41, having posted a new 52-week low earlier to give the stock a new range of $15.21-$33.99. The company’s earnings report revealed an EPS loss of -$0.97, much worse than expected. Shares were downgraded by Robert Baird from ‘outperform’ to ‘neutral’.

Diamond Foods, Inc. (NASDAQ: DMND) is down more than -17%, at $53.01, in a 52-week range of $43.14-$96.13. The company’s board is reviewing how walnut growers are being paid and will delay the annual report into next year. The company’s deal to by Pringles snack foods from Proctor & Gamble (NYSE: PG) could be in jeopardy because the company planned to use stock to make the acquisition.

Sino-Global America Shipping, Ltd. (NASDAQ: SINO) is up more than 81%, at $3.05, in a 52-week range of $1.20-$9.16. The company has signed a memorandum of understanding with a South African firm to act as Sino’s agent in that country. In shipping these days, any positive signal is a rare treat.

Oxigene, Inc. (NASDAQ: OXGN) is up nearly 12%, at $1.69, in a 52-week range of $0.82-$6.38. The company has set its third-quarter earnings release for next week, and investors are expecting good news on the company’s drug development efforts.

Rentech, Inc. (AMEX: RTK) is up about 21%, at $1.95, a new 52-week high, and a new 52-week trading range of $0.72-$1.95. The company continues to get a boost from the IPO of its spin-off of Rentech Nitrogen Partners, L.P. (NYSE: RNF).

Stay tuned for Thursday. We have noted the following events (all times Eastern):

8:30 a.m. – Initial unemployment claims
10:00 a.m. – Factory orders
10:30 a.m. – EIA Natural gas report
4: 30 p.m. – Federal Reserve Balance Sheet

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: AMRS, AWK, C, CAT, CECO, DE, DMND, END, HGG, JPM, NOR, OXGN, PG, PNX, RNF, RTK, SINO, VG, VLO

24/7 Wall St. Closing Bell (AAPL, WMT, WFM, MS, BAC, INTC, WMB, HGSI, ABT, OXGN, PWAV, AEM)

Paul Ausick — Wed, 19 Oct 2011 20:20:24 +0000

Stocks opened down this morning following the earnings report Apple Inc. (NASDAQ: AAPL) after markets closed yesterday. Moody’s downgrade of Spain’s sovereign debt also weighed on the opening. The Consumer Price Index for urban consumers rose by 0.3%, and just 0.1% excluding energy and food costs. Housing starts rose by an unexpected 15% as condos and apartment construction was prompted by more demand for rental units to push markets to a mid-morning gain, but by noon share prices had given a lot of that back on continuing uncertainty about what’s really happening in Europe. The Federal Reserve Beige Book was released at 2 p.m. ET, and its uninspiring reports sent markets sharply lower, from about 25 points up on the Dow to more than 70 points below yesterday’s close.

The unofficial closing bells put the DJIA down nearly 72 points to 11,504.70, the NASDAQ fell more than 53 points (2.01%) to2,604.04, and the S&P 500 fell 1.26% or more than 15 points to 1,209.89.

Today’s top analyst upgrade and downgrade calls were numerous and included Wal-Mart Stores Inc. (NYSE: WMT) and Whole Foods Markets Inc. (NASDAQ: WFM), and about a dozen other companies.

Morgan Stanley (NYSE: MS) reported better than expected earnings for the quarter, following yesterday’s positive report from Bank of America Corp. (NYSE: BAC). Morgan Stanley got a big lift from an accounting gain that lowered the value of its debt by $3.4 billion, thus boosting the bank’s revenue to $9.9 billion. Even without the gain, MS posted EPS of $0.02, There has been a turnaround from the indicated loss in Bank of America Corporation (NYSE: BAC) after its earnings showed that book value managed to actually grow and the stock was up almost 10% at $6.63 late in the session.

As far as the other big earnings report reactions today (prices within 20 minutes of the closing bell): Apple is down more than -5.5%, at $398.78; Morgan Stanley up 0.3%, at $16.68; Intel Corp. (NASDAQ: INTC) is up about 3.5%, at $24.22; Yahoo is up 2.78%, at $15.90.

Several other standouts from today are as follows…

Williams Companies, Inc. (NYSE: WMB) rose again by another 1.7%, to $29.55, after investors are considering it a cheap merger alternative to the El Paso buyout by Kinder Morgan this week.

Human Genome Sciences, Inc. (NASDAQ: HGSI) had another big day on merger speculation up, up nearly 8%, at $13.83, and here is how it ranks with analysts other price targets for biotechs ahead of the biotech earnings floodgates.

Abbot Laboratories (NYSE: ABT) rose 1.62%, to $53.29, following the announcement of the company’s intention to split its branded drug business from its other product lines.

Oxigene, Inc. (NASDAQ: OXGN) got a nice boost of about 12.55%, to $1.59, following good data on the survival benefits of its anti-thyroid cancer drug.

Powerwave Technologies, Inc. (NASDAQ: PWAV) warned of a revenue shortfall of more than 50% for its third quarter. The shares lost nearly -42% of their value, to fall to $0.85, after posting a new 52-week low of $0.68 earlier in the day.

Agnico-Eagle Mines Ltd. (NYSE: AEM) has suspended operations indefinitely at its mine in Val d’Or, Quebec, due to unstable ground and inflows of water. The stock has fallen by -19%, to $46.21.

Stay tuned for Thursday. We have speeches to watch from Lockhart and Kocherlakota on the docket as well as a 30-year TIPS auction. Here are some economic releases due in the morning and throughout the day:

8:30 Unemployment Benefits Claims for last week
8:30 Existing Home Sales
10:00 Conference Board’s Index of Leading Economic Indicators
10:30 Natural Gas Report
4:30 PM Federal Reserve Balance Sheet

Paul Ausick

Filed under: Economy, The Day Tagged: AAPL, ABT, AEM, BAC, HGSI, INTC, MS, OXGN, PWAV, WFM, WMB, WMT

Stocks That Missed Out Thursday’s Rally (BFLY, BGG, CEF, COGO, LTRE, LNET, NKA, OTEX, OXGN, SAPX, SLW, SODA)

Administrator — Thu, 11 Aug 2011 18:56:00 +0000

The stock market is getting yet another huge bounce today and the gain in the DJIA currently is up 377 points at 11,097 and change… The NASDAQ is up literally almost 100 points at 2,480.50. Even on bad days some stocks win, and on some great days there are almost always some big losers. Thursday’s stocks that have missed out on the big rally are as follows:

Bluefly Inc. (NASDAQ: BFLY) tanked after earnings and volume is explosive at more than 7-times normal trading. Oddly, that ‘explosive volume’ is only 24,408 shares…. This one is down almost 16% at $1.65… A Soros stock!

Briggs & Stratton Corporation (NYSE: BGG) is down over 13% at $12.99 on more than 4.5 million shares after the company’s earnings turned into losses. So much for air cooled gasoline engines for outdoor power equipment worldwide.

The Central Fund of Canada Limited (AMEX: CEF) is a closed-end commodity fund that invests in commodities. You rarely see this sort of move, but the fund is down 4.6% at $23.36. The fund’s site says that it is “The Sound Monetary Fund” and its purpose is “to hold gold and silver bullion on a secure basis for the convenience of investors in the shares of Central Fund.” When stocks rally as gold and silver tank, adios Mr. Morose.

Cogo Group, Inc. (NASDAQ: COGO) is down like it sells the next dangerous Pogo-stick. This is after filing its quarterly report yesterday with the SEC after last week’s earnings. Shares are down 10% at $2.49 on double the normal volume already as 1.13 million shares have traded hands.

Learning Tree International Inc. (NASDAQ: LTRE) is apparently called the Idiot Tree because higher costs hurt earnings. This one is down almost 15% at $8.06, but the volume is puny at not even 13,000 shares in mind-day trading.

LodgeNet Interactive Corporation (NASDAQ: LNET) gave back its gains from yesterday that were on the heels of its extension with Starwood. Shares are down 10.5% at $1.995 on almost 200,000 shares.

Niska Gas Storage Partners LLC (NYSE: NKA) was absolutely pounded after earnings. The natural gas storage assets partnership is down 18.5% at $11.96 and shares hit a 52-week low of $10.95 today.

Open Text Corp. (NASDAQ: OTEX) is facing a closed-book apparently. The enterprise content management solutions provider missed earnings expectations after the close yesterday and the stock is down 9.3% at $52.14 on 13-times normal volume as the 52-week range is $36.11 to $72.32.

OXiGENE, Inc. (NASDAQ: OXGN) is taking it on the chin with a 10.6% drop to $1.43 on more than 400,000 shares. Last night it reported a net loss for the quarter of $2.9 million versus net income of $2.5 million for the same three-month period of 2010.

Seven Arts Pictures PLC (NASDAQ: SAPX) is one of the worst performers and it has been a very volatile low-priced stock that has been popular with day traders and chat rooms. Shares are down about 16% at $0.85 on about 1 million shares.

Silver Wheaton Corp. (NYSE: SLW) is down marginally as silver and gold have been whacked hard. This one is leveraged per traders with silver and shares are down 0.3% at $36.69 versus a 52-week range of $19.06 to $47.60. By the way, the AMEX-listed ‘losers’ list is littered with speculative miners but this one is not as speculative as others.

SodaStream International Ltd. (NASDAQ: SODA) has been pounded after earnings and shares are down a whopping 33% at $45.50… So much for the great growth opportunity! Is this the next Sharper Image debacle?

JON C. OGG

Filed under: HI/LOW, The Day, Trading Alert Tagged: BFLY, BGG, CEF, COGO, LNET, LTRE, NKA, OTEX, OXGN, SAPX, SLW, SODA

Top Active Trader Alert Stocks (AONE, ASTI, ARST, FAS, DTG, OPEN, OXGN, SGEN, VMW, XRX)

Administrator — Mon, 13 Sep 2010 12:57:45 +0000

This Monday has many stocks on the move for active traders and day traders. Stocks on the move are A123 Systems, Inc. (NASDAQ: AONE), Ascent Solar Technologies Inc. (NASDAQ: ASTI), Arc Sight, Inc. (NASDAQ: ARST), Direxion Daily Financial Bull 3X Shares (NYSE: FAS), Dollar Thrifty Automotive Group Inc. (NYSE: DTG), OpenTable, Inc. (NASDAQ: OPEN), OXiGENE, Inc. (NASDAQ: OXGN), Seattle Genetics, Inc. (NASDAQ: SGEN), VMware, Inc. (NYSE: VMW), and Xerox Corporation (NYSE: XRX).

A123 Systems, Inc. (NASDAQ: AONE) is surging after it opened the largest lithium ion automotive battery manufacturing plant in North America. The CEO has also been giving a CNBC interview to show how these batteries will be for domestic sale and will also be exported. Shares are up 10.7% at $8.15 on over 150,000 shares.

Ascent Solar Technologies Inc. (NASDAQ: ASTI) is surging on news that it has a deal with Radiant Holding Ltd. in China to distribute its PV modules in China’s solar market. Ascent shares are up 8.6% at $3.16.

Arc Sight, Inc. (NASDAQ: ARST) is trading higher by 25% at $44.07 on more than 2.5 million shares after Hewlett-Packard announced a $43.50 per share offer to acquire ArcSight for its security and compliance.

Direxion Daily Financial Bull 3X Shares (NYSE: FAS) is seeing a surge this morning on relief rallies in many financial shares this morning. With the triple-leverage, shares are up 4% at $22.29 on more than 325,000 shares.

Dollar Thrifty Automotive Group Inc. (NYSE: DTG) is up 5.7% at $50.75 on over 140,000 on a sweetened $50 merger bid from Hertz.

OpenTable, Inc. (NASDAQ: OPEN) is trading up after Citigroup raised its rating to BUY from HOLD… Shares are up 4.1% at $59.21.

OXiGENE, Inc. (NASDAQ: OXGN) is surging on positive results against Anaplastic Thyroid Cancer treatment. Shares are up 47%, but this is just a $0.40 stock even after the move.

Seattle Genetics, Inc. (NASDAQ: SGEN) is trading lower after a tria lof its leukemia drug failed to met their endpoints. Shares are down nearly 5% at $12.10 on more than 200,000 shares.

VMware, Inc. (NYSE: VMW) is down after Barron’s noted cautiously about its growth prospects and that it is vulnerable to competition and trades at 61-times expected earnings. Shares are down 1.3% at $83.80 on light trading. It is surprising this did not take more of a bite out of the company.

Xerox Corporation (NYSE: XRX) was given the front-page cover story called “Just Try to Copy That” noting it could go to $14 or $15 in the next year. Shares are trading up 5.5% at $9.61 on over 150,000 shares.

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: AONE, ARST, ASTI, DTG, FAS, OPEN, OXGN, SGEN, VMW, XRX

The Twitter-24/7 Wall St. Stock Market Report 6.11.2010 The Wisdom Of Crowds?

247wallst — Fri, 11 Jun 2010 12:27:20 +0000

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

Among the most tweeted stocks on market aggregator Top Stock Tweets are GBPUSD, EURUSD, EURCHF, BP plc (NYSE: BP), Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Motorola (NYSE: MOT), Google Inc (NASDAQ: GOOG), OXiGENE, Inc. (NASDAQ: OXGN), Anadarko Petroleum Corporation (NYSE: APC) Amazon.com Inc. (NASDAQ: AMZN)FT: Cameron steps into fray to defend BP: David Cameron, the British prime minister, has leapt to BP’s defence, emphas… http://bit.ly/b3RWQ4

FT: Portugal rules out need to tap EU funds: Portugal has no plans to use emergency European Union funding and is conf… http://bit.ly/cDZ6AX

Daily Finance: FBI Launches Probe into AT&T iPad Security Breach http://bit.ly/aYrJcl

Yahoo! Finance: Treasury Dept said that it expects to sell some of its 61 percent stake in GM when the automaker goes public http://yhoo.it/9N1dcx

Yahoo! Finance: Goldman has no indication of SEC settlement http://yhoo.it/dndG99

CNN Money: Florida wants $2.5 billion from BP in escrow http://bit.ly/bRUM3q

CNN Money: FBI probes hackers’ AT&T iPad breach http://bit.ly/cUkPu5

CNN Money: Dell banks $100 million to settle fraud charges http://bit.ly/b06uTd

Reuters Biz: Markets too pessimistic on euro zone, say ECB members http://link.reuters.com/hyn59k

Reuters Biz: J&J called uncooperative in Tylenol probe: report http://link.reuters.com/kun59k

MarketWatch: China’s consumer inflation accelerates to 3.1% in May from April’s 2.8% http://on.mktw.net/cLW7T9

MarketWatch: FBI probing AT&T security breach exposing iPad user email addresses http://on.mktw.net/deTrrT

Douglas A. McIntyre

Filed under: Research Tagged: AAPL, AMZN, APC, BP, GOOG, MOT, MSFT, OXGN, Twitter

BioHealth Business Daily (AEZS, ACHN, EXEL, MNTA, NBIX, OXGN, PGNX, SQNM, SCLN, VVUS, VICL)

Administrator — Wed, 12 May 2010 20:33:58 +0000

There were many stocks in Biotech and BioHealth with plus-signs after their share prices today. The BioHealth Business Daily is smoothing out the brief winners and losers to only weed out the market moves. Those on the move with news or events were AEterna Zentaris, Inc. (NASDAQ: AEZS), Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN), Exelixis, Inc. (NASDAQ: EXEL), Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA), Neurocrine Biosciences, Inc. (NASDAQ: NBIX), OXiGENE, Inc. (NASDAQ: OXGN), Progenics Pharmaceuticals Inc. (NASDAQ: PGNX), Sequenom, Inc. (NASDAQ: SQNM), SciClone Pharmaceuticals, Inc. (NASDAQ: SCLN), VIVUS, Inc. (NASDAQ: VVUS) and Vical Incorporated (NASDAQ: VICL).

We have included some basic color and news, as well as relative volume and the price moves where applicable. Closing prices are snapshots right at 4:00 PM EST so these may be different from official closing prices posted after 4:30.

AEterna Zentaris, Inc. (NASDAQ: AEZS) was up after the FDA approved its Investigational New Drug (IND) application for doxorubicin targeted conjugate compound called AEZS-108 as a treatment to fight bladder cancer. Shares closed up 14% at an unofficial closing price of $2.09 on over 21 million shares. That is 7-times normal volume and the 52-week range is $0.75 to $3.25.

Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) released additional preliminary data on a Phase 1b ACH-1625 trial in hepatitis C treatments. Shares closed up 12.3% at $2.65 on right at 1 million shares. Average volume is 222K and the 52-week range is $1.10 to $3.89.

Exelixis, Inc. (NASDAQ: EXEL) posted a strong recovery after having been lower on losses and job cuts. Shares were up over 17% at $6.27 right at the bell.

Momenta Pharmaceuticals, Inc. (NASDAQ: MNTA) looked like its names was Momentum Pharmaceuticals more than anything. We saw over 500,000 shares trade and the unofficial closing bell price was up 11% at $13.85.

Neurocrine Biosciences, Inc. (NASDAQ: NBIX) was also up in a mystery move… Shares were up almost 12% at $2.90 on actually light trading volume of 309,000 shares. A seller’s strike.

OXiGENE, Inc. (NASDAQ: OXGN) was up 12% at $1.00 in a late day move after yesterday’s earnings report.

Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) rose and rose throughout the trading day. What is odd is that there was a seller’s strike. No sellers showed up for trading today. There were only 118,000 shares traded at the 4PM close and the stock was up 11.7% at $6.12. The 52-week range is $3.53 to $7.00.

Sequenom, Inc. (NASDAQ: SQNM) is of course in the testing space rather than in biotech… Its stock held up extremely well considering how deep of a discount it got a private placement off. It raised more than $50 million in a private placement.

SciClone Pharmaceuticals, Inc. (NASDAQ: SCLN) was up ahead of a presentation next week with a company overview and business update. Shares closed up 14.8% at $4.02 on 901,000 shares.

VIVUS, Inc. (NASDAQ: VVUS) was up again after yesterday’s late-day big bullish options trade. Shares closed up 2.4% at $12.40 on almost 5.5 million shares.

Vical Incorporated (NASDAQ: VICL) was trading higher on word that its cancer drug showed promise in mid-stage trial results of Allovecton-7.

JON C. OGG

Filed under: Biotech, Drug companies, FDA, Medical, Trading Alert Tagged: ACHN, AEZS, EXEL, MNTA, NBIX, OXGN, PGNX, SCLN, SQNM, VICL, VVUS