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 [...]
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