Top Day Trader Alerts (FSLR, FNM, FRE, NBIX, DSCO, ONTY, NVDA)

June 17, 2010 by Jon C. Ogg

We have several day trader and active trader alert stocks on the move this morning.  Stocks on the move are First Solar Inc. (NASDAQ: FSLR), Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), Neurocrine Biosciences Inc. (NASDAQ: NBIX), Discovery Laboratories Inc. (NASDAQ: DSCO), Oncothyreon Inc (NASDAQ: ONTY), and NVIDIA Corporation (NASDAQ: NVDA).  We have listed the news and the reactions and offered background data or color where applicable.

First Solar Inc. (NASDAQ: FSLR) is trading higher after Credit Suisse upgraded the solar player to Outperform from Neutral and gave it a $150 target price.  Shares are up 4.4% at $124.02 this morning.

Fannie & Freddie are at it again…. Fannie Mae (NYSE: FNM) is down another 14% at $0.48 on active volume and Freddie Mac (NYSE: FRE) is trading down 13% at $0.65 on slightly less volume.  This is after large price drops yesterday based upon the FHFA requesting delisting from the NYSE.

Neurocrine Biosciences Inc. (NASDAQ: NBIX) is trading up 4.3% at $5.60 after it and Boehringer announced a pact to develop diabetes drug that is a small molecule GPR119 agonist for the treatment of Type II diabetes and other indications.  That is after the Abbott deal yesterday.

Discovery Laboratories Inc. (NASDAQ: DSCO) is down 15% after a common stock and warrant offering was proposed a day after it received financing from Kingsbridge Capital.

Oncothyreon Inc (NASDAQ: ONTY) is up 20% at $4.35 after the company announced that Merck-Serono is resuming the Stimuvax clinical program in lung cancer.

NVIDIA Corporation (NASDAQ: NVDA) is trading up after Jim Cramer gave the company a Buy signal last night on CNBC’s MAD MONEY.  Shares closed at $11.77 and are up about 3.1% at $12.14 this morning on more than 50,000 shares.

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JON C. OGG

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