Archive for August, 2008

After-Hourse Surge: Borders Group (BGP

Borders Group shares rose more than 7% after the book seller’s loss narrowed to better than expectations.  The troubled book-seller also announced that it has trimmed down debt by $272 million.  Shares rose over 1% today but in after-hours trading we are seeing another 7% rise to $5.75 after earnings.  Considering the $3.87 to $16.62 [...]

GT Solar Shows Strong Gains (SOLR)

Maybe things aren’t all that bad over at GT Solar International Inc. (NASDAQ: SOLR).  It posted net income of $5.1 million and earnings of $0.03 on revenues of $57.1 million.  These compare to a net loss of $5.0 million for the same quarter last year and a loss of -$0.04 EPS.  This was also a [...]

Thornburg Mortgage Most Active Alert (TMA)

Thornburg Mortgage Inc. (NYSE: TMA) is seeing a massive flurry of pre-market trading this morning, and this is looking like the focal stock for day traders and low-priced stock traders.  The company managed a small profit and met its margin calls, yet some reports question its chances of survival over new margin calls.  Shares closed [...]

Chips Under Pressure Over Downgrades (MRVL, BRCM, IDTI)

We are seeing some select chip stock downgrades affecting shares negatively this morning.  We have shown the downgrades attached and the pre-market reactions seen so far this morning. Marvell Technology (MRVL) was cut to Hold from Buy at Jefferies; shares down over 4% at $14.90 on more than 300,000 shares. Broadcom (BRCM) was cut to [...]

American Eagle Dipping on Post-Earnings (AEO)

American Eagle Outfitters (NYSE: AEO) posted earnings ahead of estimates at $0.29 EPS vs. $0.28 estimates, but the good news pretty much stops there.  The apparel retailer guided next quarter earnings to $0.31 to $0.36 EPS vs. $0.39 estimates.  Unfortunately its same store sales were down 9% in the quarter and so far are running [...]

Clean Energy Still Indicated Higher (CLNE)

Clean Energy Fuels Corp. (CLNE) traded up as much as 7% last night because Jim Cramer called this one as having government backing since Speaker Nancy Pelosi and her husband invested $50,000 to $100,000 in this stock in 2007.  This is T. Boone Pickens’ natural gas for autos stock, which could win big from future [...]

Buyback Leaders Surging, Anadarko (APC) and Coach (COH)

Anadarko Petroleum (APC) is indicated higher after the company said that it was going to buy back up to $5 Billion common stock, or 18% of the company, out to August 2011.  The company is also increasing its capital spending plan for 2009 and beyond. Coach Inc. (COH) traded higher after announcing that it was [...]

Gilat, Exponential Volume Tanker (GILT)

Shares of Gilat Satellite Netowrks (NASDAQ: GILT) are being pounded riight at the open.  Shares are down almost 10% at $7.81 right after the open and we have already seen more than two and a half times volume with over 530,000 shares after 10 minutes and the pre-market session. The company missed earnings, and its [...]

Major Options Spike: Akamai Tech (AKAM)

Akamai Technologies Inc. (NASDAQ: AKAM) is seeing a very unusual options trading pattern today.  We have seen many call options trade hands as of 1:20 PM today, and it might actually be enough to get the watchers out who look for unusual options activity in battered tech stocks.  That is even more so the case [...]

Lehman Volume Surge On Hopes & Prayers (LEH)

Lehman Brothers Holdings (NYSE: LEH) has already traded almost half of an average day’s volume, and it’s only 9:51 AM EST.  The brokerage firm is up 13% at $15.54 on over 25 million shares after reports that the Korean Development Bank is interested in acquiring the company.  Key financial analyst Dick Bove of Ladenberg Thalmann [...]