There are many movers today, but a lack of the double-digit gainers and losers we have seen. The movers on news this Thursday for day traders and active traders are ADC Telecommunications Inc. (NASDAQ: ADCT), Alcatel-Lucent (NYSE: ALU), Freddie Mac (NYSE: FRE), Fannie Mae (NYSE: FNM), JDS Uniphase Corp. (NASDAQ: JDSU), Medifast Inc. (NYSE: MED), Melco Crown Entertainment Ltd. (NASDAQ: MPEL), National Bank of Greece SA (NYSE: NBG), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), and Target Corporation (NYSE: TGT). We have compiled a review of each and added color on each where applicable.
ADC Telecommunications Inc. (NASDAQ: ADCT) is showing some telecom equipment makers can win as it beat earnings and raised guidance. Shares are indicated up over 12% at $8.70 vs. a $5.18 to $9.78 trading range of the last 52-weeks.
Alcatel-Lucent (NYSE: ALU) is down again on earnings, well on losses at least. Shares are down about 10% on last look. Shares are indicated down 10% at $2.71 in active trading. Maybe Bell Labs will get to be bought back by a US company for $1.00….
Freddie Mac (NYSE: FRE) lost roughly another $8 billion in the latest quarter earnings report, well no earnings at all. It reportedly needs another $10.6 billion from the government to continue its operations. Shares closed at $1.43 and are indicated down around $1.33 or so in early trading. Go ahead and lump in Freddie’s slutty step-sister Fannie Mae (NYSE: FNM) here too… Fannie closed at $1.11 on Wednesday, and she appears to be peddling her stuff down around $1.07 this morning.
JDS Uniphase Corp. (NASDAQ: JDSU) is lower after its third quarter revenues missed expectations and as some unexpected weakness was seen in testing revenues. Shares are down around $12.70 after a $13.70 close.
Medifast Inc. (NYSE: MED) is still somewhat vague to see real indications, but this stock posted record earnings yesterday and shares were up almost 10% above $33 in the after-hours trading. This was a top IBD 100 stock recently and the 52-week range is $6.36 to $36.58.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) had a rough day yesterday on the Goldman downgrade. Shares closed at $4.27 vs. $4.60 the day before. Volume is very thin, but shares are indicated down 0.5% in the early pre-market hours.
National Bank of Greece SA (NYSE: NBG) is one you are probably equally as sick of hearing about. NBG is trading up marginally this morning despite continued and added concerns about Greece’s future with or without a bailout. Shares closed at $2.90 and we have seen a trading range of $2.89 to $2.95 for indications so far early this morning.
Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) is HALTED PENDING NEWS for its FDA review. While not trading now, this will be very active when it is freed up to trade. With a $9.16 close, its 52-week trading range is $3.10 to $9.98.
Target Corporation (NYSE: TGT) was way off target for monthly April sales: net retail sales were down 3.5% to $4.288 billion; same store sales were down a much worse 5.9%. Shares are down 4% at $53.81 on the disappointment.
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JON C. OGG
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