24/7 Wall St. » RFMD

24/7 Wall St. Closing Bell (GS, APOL, KSS, SNDK, FDX, CMC, IPSU, PSMT, GBX, TXI, ACHC, KKD, RFMD, SABA, HOV)

Paul Ausick — Fri, 06 Jan 2012 21:08:02 +0000

Markets opened lower today and of the three major indexes, only the S&P 500 was able to break through to positive territory and stay there for most of the day. The DJIA stayed negative all day and the NASDAQ composite only briefly broke through to a gain. This morning’s encouraging report on non-farm payrolls and a drop in the unemployment rate didn’t have much positive effect, but things would like have been worse without the job gains. Two speeches by Federal Reserve Bank presidents stressed that policymakers need to do more about raising employment, and the comments were couched in terms that might indicate that the Fed is looking at raising the inflation target. Crude oil prices are mixed, with WTI crude at down -0.25% at $101.56 and Brent crude up 0.34% at $113.12. Gold was up only slightly, closing at $1,617.70.

The unofficial closing bells put the DJIA down nearly 56 points to 12,359.92 (-0.45%), the NASDAQ rose more than 4 points (0.16%) to 2,674.22, and the S&P 500 fell -0.25% or more than 3 points to 1,277.81.

There were several analyst upgrades and downgrades today, including Goldman Sachs Group Inc. (NYSE: GS) cut to ‘market perform’ at Wells Fargo; Apollo Group Inc. (NASDAQ: APOL) reiterated as ‘outperform’ and target price raised to $60 at Credit Suisse; Kohl’s Corp. (NYSE: KSS) cut to ‘hold’ at Argus; SanDisk Corp. (NASDAQ: SNDK) raised to ‘buy’ at Sterne Agee; and FedEx Corp. (NYSE: FDX) started as ‘outperform’ at Wells Fargo.

Earnings reports of note since markets closed yesterday include: Commercial Metals Co. (NYSE: CMC) is up more than 4% at $15.01; Apollo Group is up about 5.5% at $56.68, after posting a new 52-week high of $57.09 earlier today; Imperial Sugar Co. (NASDAQ: IPSU) is down nearly -6% at $3.32; PriceSmart Inc. (NASDAQ: PSMT) is down nearly -15% at $60.13; Greenbrier Cos. (NYSE: GBX) is up nearly 9% at $25.97; and Texas Industries Inc. (NYSE: TXI) is down more than -3% at $28.15.

Other standouts from today include the following stocks:

Acadia Healthcare Co. Inc. (NASDAQ: ACHC) is up nearly 19% at $11.60 after posting a new 52-week high of $11.81 earlier today. The healthcare services company agreed to pay $91 million to acquire three additional facilities in Arizona, Oklahoma, and Texas.

Krispy Kreme Doughnuts Inc. (NYSE: KKD) is up nearly 12% at $7.16. The doughnut maker recently opened its 10,000th store and the stock was upgraded to ‘overweight’ at Stephens with a target price of $8.50.

RF Micro Devices Inc. (NASDAQ: RFMD) is down more than -19% at $4.55 after posting a new 52-week low of $4.45 earlier today. The technology company warned that sales in the third fiscal quarter would be 10% lower than previously forecast.

EnerNOC Inc. (NASDAQ: ENOC) is down nearly -9% at $9.43. The energy services company’s revenues are threatened by a recent regulatory ruling.

Saba Software Inc. (NASDAQ: SABA) is up more than 15% at $8.54. The cloud software company lost less than expected in its most recent quarter and said that it would return to profitability in the second of the year.

Hovnanian Enterprises Inc. (NYSE: HOV) is up more than 10% at $1.73. The homebuilder’s stock is probably reacting to the remarks by two Fed presidents supporting additional lending and homebuilding.

Stay tuned for Monday. Atlanta Fed President Dennis Lockhart is giving a speech. Here are the noteworthy events on the schedule (all times Eastern):

11:30 a.m. – 3- and 6-month Treasury bill auctions
3:00 p.m. – Federal Reserve consumer credit report

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: ACHC, APOL, CMC, FDX, GBX, GS, HOV, IPSU, KKD, KSS, PSMT, RFMD, SABA, SNDK, TXI

Top Analyst Upgrades & Downgrades (ABAX, BUD, AMAT, BX, COF, CECO, DOV, GS, HUM, JDSU, LVS, NDAQ, RFMD, SWKS, THI, TQNT, WYN)

Administrator — Wed, 07 Sep 2011 12:04:21 +0000

These are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls.

Abaxis, Inc. (NASDAQ: ABAX) maintained Underperform as Bear of the Day at Zacks.
Anheuser-Busch InBev (NYSE: BUD) Cut to Neutral at Goldman Sachs.
Applied Materials Inc. (NASDAQ: AMAT) Reiterated Buy with $19 target at Argus.
The Blackstone Group (NYSE: BX) Cut to Perform at Oppenheimer.
Capital One Financial Corporation (NYSE: COF) Raised to Outperform at Oppenheimer.
Career Education Corp. (NASDAQ: CECO) maintained Buy but cut target to $21 from $28 at Argus.
Dover Corporation (NYSE: DOV) Cut to Underweight at JPMorgan.
Goldman Sachs Group Inc. (NYSE: GS) Cut to Perform at Oppenheimer.
Humana, Inc. (NYSE: HUM) Reiterated Outperform as Bull of the Day at Zacks.
JDS Uniphase Corporation (NASDAQ: JDSU) Started as Hold at Kaufman Bros.
Las Vegas Sands Corp. (NYSE: LVS) Raised to Buy at Goldman Sachs.
NASDAQ OMX Group (NASDAQ: NDAQ) Raised to Buy at Deutsche Bank.
RF Micro Devices Inc. (NASDAQ: RFMD) Started as Underperform with $5.50 target at BofA/ML.
Skyworks Solutions Inc. (NASDAQ: SWKS) Started as Buy with $25 target at BofA/ML.
Tim Hortons Inc. (NYSE: THI) Reiterated Buy with $56 target at BofA/ML.
TriQuint Semiconductor, Inc. (NASDAQ: TQNT) Started as Underperform with $6.75 target at BofA/ML.
Wyndham Worldwide Corporation (NYSE: WYN) named value stock of the day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: ABAX, AMAT, BUD, BX, CECO, COF, DOV, GS, HUM, JDSU, LVS, NDAQ, RFMD, SWKS, THI, TQNT, WYN

Short Sellers Push into Banks Before They Fall (JPM, BAC, NOK, HPQ, AAPL, INTC)

247wallst — Wed, 10 Aug 2011 10:32:59 +0000

Short sellers moved into bank stocks ahead of the sell-off based on data for the period that ended July 29.

Shares sold short in JPMorgan (NYSE: JPM) rose 17% to 33.6 million. The short position in Bank of America (NYSE: BAC) was higher by 6% to 131.9 million. Short interest in Capital One (NYSE: COF) rose 143% to 29.6 million. Shares short in U.S. Bancorp (NYSE: USB ) were up 22% to 22 million.

Short sellers also increased positions in a number of large technology firms. Shares sold short in Hewlett-Packard (NYSE: HPQ) rose 15% to 20.6 million. Shares short in Nokia (NYSE: NOK) rose 9% to 112 million. Shares sold short in Research In Motion (NASDAQ: RIMM) were up 18% to 36.2 million. Short interest in Seagate (NASDAQ: STX) rose 29% to 15.3 million. Shares short in embattled Cisco (NASDAQ: CSCO) rose 3% to 70.2 million. And short interest in Apple (NASDAQ: AAPL) was higher by 8% to 11.8 million.

Short sellers pulled out of the major chip stocks. Short interest in Intel (NASDAQ: INTC) was off by 16% to 100.3 million. Shares sold short in Nvidia (NASDAQ: NVDA) were down 32% to 20.5 million. Short interest in RF Micro (NASDAQ: RFMD) dropped 8% to 20.9 million. Short interest in Qualcomm (NASDAQ: QCOM) dropped 11% to 15. 6 million. Stocks in this sector have shown strength because the companies are providers to the rapidly growing smartphone industry.

Among other widely traded stocks, shares short in News Corp (NASDAQ: NWS) were up by 39% to 32.9 million. Short interest in Oracle (NASDAQ: ORCL) fell 14% to 22.1 million. Shares sold short in troubled Eastman Kodak (NYSE: EK) rose 10% to 81.8 million. Short interest in the weakest of the large airlines, AMR (NYSE: AMR), rose 21% to 64.7 million. And short interest in Walmart (NYSE: WMT) rose 13% to 40.7 million.

Data from NYSE and NASDAQ

Douglas A. McIntyre

Filed under: Short Interest Tagged: AAPL, AMR, BAC, COF, CSCO, EK, HPQ, INTC, JPM, NOK, NVDA, NWS, ORCL, QCOM, RFMD, RIMM, STX, USB, WMT

Short Sellers Savage Market Laggards

247wallst — Wed, 13 Jul 2011 10:31:13 +0000

Short sellers often invest in stocks that have had sharp short-term gains and may have reached peak valuations. That would put Netflix (NASDAQ: NFLX) on most of those lists, along with Sirius XM Radio (NASDAQ: SIRI) and eBay (NASDAQ: EBAY)

Shorts has taken a different tack recently. Data from the NYSE and NASDAQ for the period ending July 12 show that short sellers are holding positions in companies that are already in trouble. That list includes AMD (NYSE: AMD), which has not had a CEO for months. Short interest in the chip firm rose 21% to 83.5 million. Shares sold short in Citigroup (NYSE: C), still the financially weakest of the large banks, moved higher by 27% to 52.3 million. The short interest in Bank of America (NYSE: BAC) was up 10% to 108.3 million shares.

GM (NYSE: GM) has been troubled recently as consumer demand for cars and light trucks slackened in June. The trend will continue if unemployment stays high. Shares sold short in the largest car company in the U.S. rose to 52.3 million, up 22%. The retailers that have struggled the most recently are also on the list of most shorted stores. Best Buy (NYSE: BBY) has a short position of 42 million, which is up 18% from the last two week period. Shares short in Office Depot (NYSE: ODP) were higher by 17% to 34.3 million. The short interest in Home Depot (NYSE: HD) were up by 36% to 25.1 million. Home prices are still in free fall, and over 11 million home mortgages are underwater, which leaves their residents with very little capital for home improvement. Shares short in JC Penney (NYSE: JCP) were up by 23% to 28.3 million. The retailer recruited the head of Apple’s store unit, but same-store sales are still poor. The short interest in The Talbots (NYSE: TLB), which is considered the most troubled of the large retailers, was higher by 22% to 25.2 million

Stocks in tech companies that are considered poorly run or that are in businesses with great competition and low margins also made the list of companies with short interest increase. The short interest in Dell (NASDAQ: DELL) rose 28% to 78.9 million shares. Shares short in Aruba Networks (NASDAQ: ARUN) were up 15% to 17.6 million. The short interest in RF Micro (NASDAQ: RFMD) was up 14% to 21.8 million. Shares short in Rambus (NASDAQ: RMBS) 43% to 9.5 million.

Among the most widely traded stocks, the short interest in Intel (NASDAQ: INTC) fell 16% to 94.5 million. Experts may believe that its move into chip for wireless devices will be successful. Shares short in Comcast (NASDAQ: CMCSA) dropped by 18% to 27.0 million. Its takeover of NBCU is in early stages. Shares short in GE (NYSE: GE) fell by 11% to 71.9 million. GE sold its controlling interest in NBCU to Comcast. Shares short in AT&T (NYSE: T) rose 17% to 63 million. Its cellular subscriber growth has slowed recently and regulators have begun to challenge its takeover of T-Mobile.

Data from NYSE and NASDAQ

Douglas A. McIntyre

Filed under: Short Interest Tagged: AMD, ARUN, BAC, BBY, C, CMCSA, DELL, EBAY, GE, GM, HD, INTC, JCP, NFLX, ODP, RFMD, RMBS, SIRI, T, TLB

After-Hours Top Earnings & Event Stock Movers (BRCM, BWLD, KEYN, LDK, MIPS, REGN, RFMD, SFSF)

Administrator — Tue, 26 Apr 2011 22:40:55 +0000

We have many after-hours movers after earnings and other reported events. We are tracking moves in Broadcom Corporation (NASDAQ: BRCM), Buffalo Wild Wings, Inc. (NASDAQ: BWLD), Keynote Systems, Inc. (NASDAQ: KEYN), LDK Solar Co., Ltd. (NYSE: LDK), MIPS Technologies, Inc. (NASDAQ: MIPS), Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN), RF Micro Devices, Inc. (NASDAQ: RFMD), and SuccessFactors, Inc. (NASDAQ: SFSF).

Broadcom Corporation (NASDAQ: BRCM) was one we were having mixed emotions in ahead of earnings. In the current quarter, sales were put in a range of $1.75 to $1.85 billion and that was a disappointment. Shares are down over $3.00 or more than 8% at $37.13 on more than 2.2 million shares in the after-hours.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) beat earnings substantially at $0.81 EPS versus a Thomson Reuters figure of $0.73 EPS. Same-store sales were up and it is opening 100 new locations. For some reason the company did not introduce “The Ring Stinger” as the hottest wing sauce available. Shares are up 4.7% at $63.30 on more than 50,000 after-hours shares.

Keynote Systems, Inc. (NASDAQ: KEYN) blew out earnings at $0.29 EPS versus $0.21 estimates; shares are up 9.9% at $23.35 on more than 32,000 after-hours shares.

LDK Solar Co., Ltd. (NYSE: LDK) lowered guidance after having closed up on the day by more than 3%… The company lowered revenue guidance by about $100 million in the first quarter but reaffirmed its 2011 range. Shares are down 4.55% at $10.90 on more than 2 million shares traded in the after-hours session.

MIPS Technologies, Inc. (NASDAQ: MIPS) is getting drilled after turning in $0.09 EPS versus $0.10 EPS estimates, but lower guidance is the real killer. Shares are down 12% at $9.40 on more than 365,000 after-hours shares.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) is not an earnings play but it feels like one… The company turned in positive results with Sonfi-Aventis (NYSE: SNY) showing that the Phase III VELOUR trial evaluating ZALTRA in combination with the FOLFIRI chemotherapy regimen versus a regimen of FOLFIRI plus placebo met its primary endpoints of improving overall survival in the second-line treatment of metastatic colorectal cancer. Its shares are up 7.9% at $56.25 on more than 250,000 after-hours shares.

RF Micro Devices, Inc. (NASDAQ: RFMD) had a 23% drop in revenue and now the company sees a “flat to down 5%” revenue figure this quarter. RF chips and components aren’t universal winners, apparently. This one is down about 3.5% at $6.10 on nearly 300,000 after-hours shares.

SuccessFactors, Inc. (NASDAQ: SFSF) won but lost in its cloud-based business execution software solutions… The company SuccessFactors beat earnings estimates, guided Q2 revenues above consensus and it raised 2011 guidance. The company also announced that it was spending $290 million to acquire Plateau Systems for its leading learning management system, a Next Generation Portal technology, and CaaS- Content as a Service. SuccessFactors had a $3.15 billion market cap. The stock is down 8% at $37.05 on more than 230,000 after-hours shares.

Stay tuned, tomorrow has many earnings and we have a wild earnings reaction group already. You can 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: After-Hours Activity, Trading Alert Tagged: BRCM, BWLD, KEYN, LDK, MIPS, REGN, RFMD, SFSF

Short Sellers Flee Tech

247wallst — Tue, 12 Apr 2011 08:58:39 +0000

Short sellers who have bet against tech shares hit the exits during the period which ended on March 31. The short interest in the world’s largest chip company, Intel (NASDAQ: INTC), dropped 3% to 56.7 million shares. Shares sold short in Cisco (NASDAQ: CSCO) dropped 13% to 54.6 million.

Shares short in graphics chip leader Nvidia (NASDAQ: NVDA) dropped 17% to 23.1 million. The short interest in RF Microsystems (NASDAQ: RFMD) dropped 9% to 18 million. Shares short in Seagate (NASDAQ: STX) dropped 11% to 12.4 million shares. The short interest in Qualcomm (NASDAQ: QCOM) fell by 6% to 17.8 million.

Although there is no way to measure the real interest of short sellers, it may be that the proliferation of computers, tablets, and smartphones is great enough to cause Wall St. to believe that sales of many chip and infrastructure firms will rise.

Short interest among other widely traded stocks was mixed: Level 3 (NASDAQ: LVLT) off 4% to 89.4 million, Research In Motion (NASDAQ: RIMM) up 19% to 28.9 million, Sprint Nextel (NYSE: S) down 14% to 94.4 million, AT&T (NYSE: T) up 10% to 56.8 million. and CBS (NYSE: CBS) up 90% to 21.1 million

Data from NYSE and NASDAQ.

Douglas A. McIntyre

Filed under: Short Interest Tagged: CBS, CSCO, INTC, LVLT, NVDA, QCOM, RFMD, RIMM, S, STX, T

Top Analyst Upgrades & Downgrades (APC, ACI, BSX, EAT, DHI, FITB, FSLR, IACI, JPM, JNPR, KBH, MRVL, MU, PHM, RFMD, LUV, TLAB)

Administrator — Thu, 03 Feb 2011 13:22:31 +0000

These are some of this Thursday’s top analyst calls with upgrades, downgrades, and initiations seen from Wall Street research firms.

Anadarko Petroleum Corporation (NYSE: APC) Cut to Equal-Weight at Barclays.
Arch Coal Inc. (NYSE: ACI) Raised to Buy at Argus.
Boston Scientific Corporation (NYSE: BSX) Cut to Market Perform at BMO.
Brinker International (NYSE: EAT) Raised to Outperform as the Bull of the Day at Zacks Investment Research.
DR Horton Inc. (NYSE: DHI) Cut to Neutral at Goldman Sachs.
Fifth Third Bancorp (NASDAQ: FITB) Cut to Buy at S&P Equity Research (late Wednesday call).
First Solar, Inc. (NASDAQ: FSLR) Cut to Hold at Auriga, maintained $167 target.
IAC/InterActiveCorp. (NASDAQ: IACI) Raised to Buy at BofA/ML.
J.P. Morgan Chase & Co. (NYSE: JPM) Cut to BUy from Strong Buy at S&P Equity Research (late Wednesday call).
Juniper Networks, Inc. (NASDAQ: JNPR) Started as Buy at Jefferies.
KB Home (NYSE: KBH) Cut to Sell at UBS; Raised to Neutral at Goldman Sachs.
Marvell Technology Group Ltd. (NASDAQ: MRVL) Started At Hold By ThinkEquity.
Micron Technology Inc. (NASDAQ: MU) Raised to Buy at Gleacher & Co.
PulteGroup, Inc. (NYSE: PHM) Cut to Neutral at BofA/ML.
RF Micro Devices INc. (NASDAQ: RFMD) Started At Hold By ThinkEquity.
Southwest Airlines Co. (NYSE: LUV) Cut to Hold at Arus.
Tellabs Inc. (NASDAQ: TLAB) Cut to Underperform as the Bear of the Day at Zacks Investment Research.

You can 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: ACI, APC, BSX, DHI, EAT, FITB, FSLR, IACI, JNPR, JPM, KBH, LUV, MRVL, MU, PHM, RFMD, TLAB

Top Active Trader Alert Stocks (EGLE, MIPS, RFMD, PSUN, YHOO)

247wallst — Wed, 26 Jan 2011 13:54:31 +0000

Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Eagle Bulk Shipping (NASDAQ: EGLE), MIPS Technologies (NASDAQ: MIPS), RF Micro Devices (NASDAQ: RFMD), Pacific Sunwear (NASDAQ: PSUN), and Yahoo! Inc. (NASDAQ: YHOO).

Eagle Bulk Shipping (NASDAQ: EGLE) is up nearly 4% premarket to $4.16, relative to a 52-week range of $3.91-$6.08. The shipping company was upgraded to outperform from market perform by FBR Capital.

MIPS Technologies (NASDAQ: MIPS) is down roughly 10% on light volume to $13.68, relative to a 52-week range of $3.57-$18.19. The semiconductor company reported weak 2Q earnings.

RF Micro Devices (NASDAQ: RFMD) is down 8.5% on heavy volume to $7.01, relative to a 52-week range of $3.65-$8.37. The chip manufacturer reported weak 3Q earnings.

Pacific Sunwear (NASDAQ: PSUN) is down 3% premarket on moderate volume to $4.36, relative to a 52-week range of $2.92-$6.84.

Yahoo! Inc. (NASDAQ: YHOO) which met earnings expectations, but nevertheless reported a revenue loss and weak guidance. Shares of YHOO were down nearly 2% premarket on very heavy trading to $15.71, relative to a 52-week range of $12.94-$19.12.

Michael B. Sauter

Filed under: Pre-Market Activity, Trading Alert Tagged: EGLE, MIPS, PSUN, RFMD, YHOO

Top Active Trader Alert Stocks (ADBE, BRCM, BWLD, DWA, EQIX, FFIV, GTXI, JDAS, MCK, PNRA, RFMD, SIMG, S)

Administrator — Wed, 27 Oct 2010 13:01:16 +0000

Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Adobe Systems Incorporated (NASDAQ: ADBE), Broadcom Corporation (NASDAQ: BRCM), Buffalo Wild Wings, Inc. (NASDAQ: BWLD), Dreamworks Animation SKG, Inc. (NASDAQ: DWA), Equinix, Inc. (NASDAQ: EQIX), F5 Networks, Inc. (NASDAQ: FFIV), GTx, Inc. (NASDAQ: GTXI), JDA Software Group, Inc. (NASDAQ: JDAS), McKesson Corporation (NYSE: MCK), Panera Bread Co. (NASDAQ: PNRA), RF Micro Devices, Inc. (NASDAQ: RFMD), Silicon Image, Inc. (NASDAQ: SIMG), and Sprint Nextel Corp. (NYSE: S).

Adobe Systems Incorporated (NASDAQ: ADBE) is so far not moving much but it may be very active today at at its annual analyst meeting. the company is targeting 10% revenue growth in fiscal year 2011 and gave an intra-quarter business update within the range of its prior guidance: revenue of $950 million to $1 billion, non-GAAP diluted earnings per share of $0.48 to $0.54 and a non-GAAP operating margin of 37-38%.

Broadcom Corporation (NASDAQ: BRCM) is doing even better this morning after it beat earnings, announced that it was paying about $86 million to buy Percello Ltd. for its a system on chip (SoC) design targeting femtocells, and announced that it was going to raise $600 million in debt. The stock was up 5.5% at $39.28 after the close in after-hours trading on last look, but this morning is showing a gain of 10.5% at $41.15 on over 500,000 shares. This marks a 52-week high as the range was $25.76 to $38.47 before today.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) fell after it beat earnings but same store sales fell rather than gained. The wings and beer (and more) chain was down almost 6% at $45.65 on last look last night and the stock is down 6.5% at $45.40 in pre-market trading.

Dreamworks Animation SKG, Inc. (NASDAQ: DWA) rose after earnings beat estimates handily. Shares were up almost 5% at $36.00 on last look last night, but the stock is up 7.7% at $37.00 this morning versus a 52-week range of $26.61 to $44.77.

Equinix, Inc. (NASDAQ: EQIX) rose in after-hours after reporting positive earnings. Shares were up as much as 6.4% at $81.50 last night, but the stock is up about 5.2% at $80.55 on thin volume this morning.

F5 Networks, Inc. (NASDAQ: FFIV) looks more like high-five after beating earnings and guidance are helping a surge. Shares are up 10% at $112.80 on nearly 200,000 shares this morning. This may be a 52-week high if it holds as the trading range of the last year is $43.50 to $112.05.

GTx, Inc. (NASDAQ: GTXI) is lower again on a proposed secondary stock offering. Shares were down 10% at $2.87 in after-hours trading, and the stock is still down 10.6% at $2.85 on over 60,000 shares pre-market. An average day is only about 90,000 shares.

JDA Software Group, Inc. (NASDAQ: JDAS) rose after earnings on thin trading volume last night and this morning. The after-hours gain was about 8% at $23.95 after having been north of $24.00 briefly last night, but the gain this morning appears to be closer to 14% at $25.25.

McKesson Corporation (NYSE: MCK) looked a tad light on the earnings, but it maintained its fiscal year targets and set a $1 billion stock buyback plan. Shares were up almost 7% at $66.15 on last look this morning.

Panera Bread Co. (NASDAQ: PNRA) fell after the food chain basically met estimates. Shares were down 4.6% at $89.95 in the after-hours session on last look last night and the move this morning has shares down 5.2% at $89.43 on thin volume.

Silicon Image, Inc. (NASDAQ: SIMG) beat earnings and raised guidance last night. Shares were up 25% at $5.70 in the after-hours trading and the stock is now up even a bit more as the gain is shown as 30% at $5.95 on nearly 300,000 shares pre-market.

Sprint Nextel Corp. (NYSE: S) reported a slightly wider loss than expected, and shares are getting hit. Shares are down 4.25 at $4.57 and there has already been more than 11 million shares traded this morning with almost an hour left before the open.

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: ADBE, BRCM, BWLD, DWA, EQIX, FFIV, GTXI, JDAS, MCK, PNRA, RFMD, S, SIMG

Top After-Hours Stocks on the Move (BRCM, BWLD, DWA, EQIX, GTXI, JDAS, PNRA, RFMD, SIMG, AAPL)

Administrator — Tue, 26 Oct 2010 21:15:59 +0000

There are many big movers in Tuesday’s after-hours session. We are tracking key moves in Broadcom Corporation (NASDAQ: BRCM), Buffalo Wild Wings, Inc. (NASDAQ: BWLD), Dreamworks Animation SKG, Inc. (NASDAQ: DWA), Equinix, Inc. (NASDAQ: EQIX), GTx, Inc. (NASDAQ: GTXI), JDA Software Group, Inc. (NASDAQ: JDAS), Panera Bread Co. (NASDAQ: PNRA), RF Micro Devices, Inc. (NASDAQ: RFMD), Silicon Image, Inc. (NASDAQ: SIMG), Apple Inc. (NASDAQ: AAPL).

Broadcom Corporation (NASDAQ: BRCM) beat earnings, announced that it was paying about $86 million to buy Percello Ltd. for its a system on chip (SoC) design targeting femtocells, and announced that it was going to raise $600 million in debt. Shares closed down 0.77% at $37.33 but the stock was up 5.5% at $39.28 after the close in after-hours trading on more than 700,000 shares.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) beat earnings but said that its initial Q4 same store sales fell rather than gained. The wings and beer (and more) chain was down almost 6% at $45.65 on about 150,000 shares after the close.

Dreamworks Animation SKG, Inc. (NASDAQ: DWA) rose after earnings were carried higher by Shrek. Shares were up almost 5% at $36.00 on more than 100,000 shares after the close.

Equinix, Inc. (NASDAQ: EQIX) was up 2.45 to $76.59 today but shares rose in after-hours too after reporting positive earnings. Shares were up as much as 6.4% at $81.50 on more than 500,000 shares but teh stock was up 5% at $80.45 on last look.

GTx, Inc. (NASDAQ: GTXI) closed down 4% on its own, and share are lower again on a proposed secondary stock offering. Shares were down 10% at $2.87 in after-hours trading.

JDA Software Group, Inc. (NASDAQ: JDAS) rose after earnings, but on thin trading volume. Shares closed down almost 1% but the after-hours shows a gain of 8% at $23.95 after having been north of $24.00 briefly.

Panera Bread Co. (NASDAQ: PNRA) basically met estimates, and shares sold off as a result. Shares closed up 0.1% at $94.35 but the stock is down 4.6% at $89.95 in the after-hours session.

RF Micro Devices, Inc. (NASDAQ: RFMD) is trading higher after beating earnings expectations and seeing next quarter in line with this quarter; shares are up 3.7% at $6.61 in the after-hours session, recapturing its 3.6% loss today.

Silicon Image, Inc. (NASDAQ: SIMG) was halted briefly after beating earnings and raising guidance. Shares were up almost 1% in regular trading but are up 25% at $5.70 in the after-hours trading on more than 175,000 shares since the 4PM bell..

Apple Inc. (NASDAQ: AAPL) is not an after-hours mover today. The reason it is included here is because of the continued unusual trading volume listed in the weekly and monthly options trading that took place during the trading day in speculative out of the money puts and calls.

Filed under: After-Hours Activity Tagged: AAPL, BRCM, BWLD, DWA, EQIX, GTXI, JDAS, PNRA, RFMD, SIMG