Investing

Top Active Trader Alerts (CBOU, GENT, IVR, JASO, JDSU, NTAP, SINA, BCS, LYG, CS, ALU)

News (and more rumors) out of Europe and a Morgan Stanley downgrade of global growth are acting to attack the markets this morning.  Back on the rack… We have many movers and shakers this morning and our aim is to single out the movers on news rather than just the movers with the ticker. tape.  This morning’s top active trader alert stocks are the following:

Caribou Coffee Company, Inc. (NASDAQ: CBOU) is giving up even more on an insider secondary offering with the shares down 7.8% at $13.60.

Gentium S.p.A (NASDAQ: GENT) is a loser that is less of a loser than originally indicated. The company withdrew its NDA for Defibrotide after FDA cited numerous “Refuse to File” issues. The FDA has also requested that Gentium conduct additional quality reviews and requested additional details regarding the conduct and monitoring of the trials by the independent review committee.  Ouch.  Shares closed down 2% at $8.79 on Wednesday and shares were down close to 30% at $6.30 in the after-hours session after it was reopened.  The reaction this morning is down “only” 19.9% at $7.04.

Invesco Mortgage Capital Inc. (NYSE: IVR) is down on another secondary offering.  The mortgage REIT had one secondary offering at the end of June and it has now said that it will sell 20 million more in shares.  Shares are trading down over 6% at $18.06 in pre-market trading.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is down after posting a loss and lowering its sales guidance for the next quarter.  Shares are down more than 11% at $3.40 this morning.

JDS Uniphase Corporation (NASDAQ: JDSU) is almost considered impressive when you consider the snap-back reaction…. The fiber optic leader reported $0.04 net EPS on $0.23 adjusted EPS.  The guidance is where the trouble comes into play.  Shares closed down 1.7% at $11.70 and the stock initially was down more than 10% last night.  This morning we have shares down a mere 3% at $11.35.  A loss that is a win.

NetApp, Inc. (NASDAQ: NTAP) is hitting new 52-week lows by the looks of it.  The company reported $0.54 EPS guided earnings down at $0.38 to $0.42 EPS for next quarter.  The company also announced the retirement of its CFO.  Shares were down over 3% at $41.66 on Wednesday but the stock is now down over 13% at $35.93 on Thursday morning.  Keep in mind that the prior 52-week low was $38.00.

Sina Corp. (NASDAQ: SINA) is one of the few winners even after the net profit fell on rising costs.  Sales were up 20% and it is growing the user base.  The ADR is up 3% at $95.75.

European banks are getting hammered all over again.  Here are some of the ADRs getting hit:

  • Barclays PLC (NYSE: BCS) is down 7.3% at $10.73;
  • Lloyds Banking Group plc (NYSE: LYG) is down 6.9% at $2.00;
  • Credit Suisse Group (NYSE: CS) is down 4.8% at $27.91.
  • Alcatel-Lucent (NYSE: ALU) is no bank but shares are down 4.6% at $3.53 as a leveraged tech proxy from Europe.

JON C. OGG