Archive for August 26th, 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 [...]