Investing

Top Day Trader Alerts (AEZS, AMSC, APCVZ, DBTK, HAUP, LOW, HD, OSIP, SIRI, TIVO)

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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