This morning’s top day trader and active trader alerts are mostly not tied to earnings. The cast of characters today includes AEterna Zentaris, Inc. (NASDAQ: AEZS), American Superconductor Corporation (NASDAQ: AMSC), Fresenius Kabi Pharmaceuticals (NASDAQ: APCVZ), Double-Take Software, Inc. (NASDAQ: DBTK), Hauppauge Digital, Inc. (NASDAQ: HAUP), Lowe’s Companies Inc. (NYSE: LOW), The Home Depot, Inc. (NYSE: HD), OSI Pharmaceuticals Inc. (NASDAQ: OSIP), SIRIUS XM Radio Inc. (NASDAQ: SIRI), and TiVo Inc. (NASDAQ: TIVO). Details on each are outlined below.
AEterna Zentaris, Inc. (NASDAQ: AEZS) is trading higher after it received an opinion for orphan medicinal product designation for AEZS-108 for the treatment of ovarian cancer this morning. AEZS was upgraded this morning as well by RBC. Shares are trading up 6.5% at $1.98 on over 150,000 shares.
American Superconductor Corporation (NASDAQ: AMSC) is up after it received a new multi-year order worth approximately $445 million from Sinovel Wind Group, the world’s third largest wind turbine manufacturer. AMSC will begin shipping core electrical components in early 2011. Shares are trading up by 5.5% at $32.68 on light trading volume.
Fresenius Kabi Pharmaceuticals (NASDAQ: APCVZ) was a huge percentage runner on Friday, but this is a penny stock and we will avoid the news on penny stocks. Shares are up again this morning. Shares are up 30% at $0.23 on over 1.5 million shares.
Double-Take Software, Inc. (NASDAQ: DBTK) is up after Vision Solutions is acquiring it for $10.55 per share. Shares closed at $9.66 Friday and the stock is up 6.6% at $10.30 this morning on about 85,000 shares.
Hauppauge Digital, Inc. (NASDAQ: HAUP) was last week’s exponential runner and now the newest cult stock. Shares closed at $3.93 on Friday, yet the stock is down 12.2% at $3.45 on over 200,000 shares this morning. Hauppauge was one of our UNUSUAL SUSPECTS over the weekend.
Lowe’s Companies Inc. (NYSE: LOW) is trading lower despite beating earnings: $0.34 EPS vs. $0.31 expected from Thomson Reuters. Revenue was up almost 5% to $12.4B vs. $12.2B expected. The problem is that analyst expectations were higher than what guidance was for ahead. Shares are down 4.6% at $24.86 on over 300,000 shares. The Home Depot, Inc. (NYSE: HD) reports tomorrow morning, and the Lowe’s numbers have it down over 1% at $34.80 on thin trading volume in sympathy.
OSI Pharmaceuticals Inc. (NASDAQ: OSIP) closed at $59.80 and it did get a higher bid from Astellas’ $52.00 offer. The problem is that the bid came in at $57.50 and OSI had put the deadline at Friday. Shares are down 4.3% at $57.33 on almost 700,000 shares this morning. This was also an UNUSUAL SUSPECTS member over the weekend.
SIRIUS XM Radio Inc. (NASDAQ: SIRI) is up after it raised guidance for 2010: net subscriber adds raised to 750,000; revenue to be $2.75 billion; adjusted income from operations to be approximately $575 million; free cash flow for 2010 now expected to exceed $100 million. Shares are trading up 3.7% at $1.11 on about 2 million shares. Shares were up at $1.13-1.14 earlier on the news.
TiVo Inc. (NASDAQ: TIVO) was downgraded at Kaufman this morning after the bad court review news on Friday, and this was after a Lazard downgrade late on Friday. We compiled over the weekend the technical trade set-up data for levels to watch this week. Shares are trading actually up almost 1% at $10.25 on less than 100,000 shares. We expect trading volume to be elevated in this for the next few days.
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JON C. OGG
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