Investing

Top Day Trader Alerts (BZH, BHP, BP, GGP, IPXL, LF, NTRI, PBI, PWAV, QCOR, SIRI)

There are many pre-market movers this morning, and most are still from earnings but not all… Those on the move this morning include Beazer Homes USA, Inc. (NYSE: BZH), BHP Billiton Ltd. (NYSE: BHP), BP plc (NYSE: BP), General Growth Properties Inc. (NYSE: GGP), Impax Laboratories, Inc. (NASDAQ: IPXL), Leapfrog Enterprises Inc. (NYSE: LF), NutriSystem Inc. (NASDAQ: NTRI), Pitney Bowes Inc. (NYSE: PBI), Powerwave Technologies Inc. (NASDAQ: PWAV), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), and SIRIUS XM Radio Inc. (NASDAQ: SIRI).  We have included the news summaries, after-hours moves, and other analysis where applicable.

Beazer Homes USA, Inc. (NYSE: BZH) said earnings were helped out on a note exchange gain; orders were up 49% and its cancellations fell; but the real issue is a secondary offering: a 12.5 million share secondary offering along with 3.5 million tangible equity units and $300 million aggregate principal in unsecured notes due in 2018.  Shares were down 5.5% last night on last look and the stock was down 6.7% at $6.42 on about 35,000 shares.

BHP Billiton Ltd. (NYSE: BHP) is getting clipped again on a day-two move after the Australians decided to propose a new tax specifically on miners.  ADR shares were down $1.35 at $71.44 yesterday, and shares are indicated down 1.8% at $70.17 pre-market this morning on almost 50,000 shares.

BP plc (NYSE: BP) was down again yesterday and on volume not seen in ages of 156 million shares.  Some may be hoping that yesterday’s $1.96 drop to $50.19 was the capitulation as this was a $60 stock on April 21.  Shares are indicated up 0.8% at $50.58 on about 1 million shares in pre-market trading.

General Growth Properties Inc. (NYSE: GGP) is up only marginally, but that may be because of its rally very late Monday.  Shares appear up 0.1% at $16.80 on thin volume despite the bid being listed as $18.25 per share.

Impax Laboratories, Inc. (NASDAQ: IPXL) is having a solid morning.  Shares closed at $17.96 but this morning the stock is up 8.5% at $19.50 on over 75,000 shares.  This is on strong first quarter revenue on generic Flomax launch, and anything above $18.74 is to be considered a new 52-week high today.

Leapfrog Enterprises Inc. (NYSE: LF) was down last night despite a sales gain of more than 40% because it lost $23 million in its latest quarter.  Shares were down 18% last night, but this morning the stock is down 15.7% at $6.00 on about 25,000 shares.

NutriSystem Inc. (NASDAQ: NTRI) caught the bears looking in the diet food… It beat earnings last night and we have now seen at least one analyst upgrade.  Shares were trading up 9.9% at $20.34 last night, but now shares are indicated up 16% at $21.53 on volume approaching 100,000 shares.

Pitney Bowes Inc. (NYSE: PBI) is down after reported $0.55 EPS vs. $0.54 estimates; revenue fell 2% To $1.35 billion rather than $1.377 billion expected from Thomson Reuters.  It also reaffirmed a range of $2.30 to $2.50 EPS vs. the $2.40 estimates.  Shares were down over 7% at $24.00 on last look in the evening, but PBI is down “only 5.3%” at $24.50 on thin volume.

Powerwave Technologies Inc. (NASDAQ: PWAV) originally fell last night after it reported -$0.05 EPS vs. $0.00 estimates from Thomson Reuters and revenues were down over 20% to $114.5 million versus estimates of $130+ million. Now shares are up over 12% at $2.02 on about 600,000 shares of stock.  The old 52-week high was $1.91.

Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) closed down 5% at $9.28 yesterday and the after-hours session has shares down 3% at $9.00 when we looked.  This morning the stock is off by 8.8%and down to $8.46 ahead of next week’s FDA panel.  Volume is rather thin.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) was up earlier this morning after it posted $157.8 million in adjusted operating income and backed approximately $550 million in pro forma adjusted income for 2010.  Revenues were $670 million.  Shares were indicated up about 1% at $1.24+ this morning versus the $1.25 52-week high yesterday.  Now that earnings are digested, the SIRIUS is down a serious 6.5% at $1.15 on over 6 million 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

Sponsor: 5 best investments for 2010 – The next nine months represent a bold new era for investors.