Archive for September 4th, 2008

Downgrades Affecting These Stocks (KELYA, RHI, KLAC, DRIV, LRCX)

Below are some analyst calls affecting shares to the downside this morning (9:01 AM EST):
Kelly Services (KELYA) Cut to Sell at Citigroup; shares indicated down 3%, no volume.  Same call on Robert half (RHI) with no volume but indicated down 3% or more.
KLA-Tencor (KLAC) Cut to Equalweight at Morgan Stanley; shares down 1.8% at $34.30 [...]

Price/Volume Spike: Navistar (NAV)

Navistar International Corp. (NYSE: NAV) is trading up this morning but under levels seen in the after-hours session last night.  Shares traded up nearly 10% Wednesday evening in after-hours trading to $59.50 to $60.00 after the commercial truck, bus and engine maker managed to beat earnings and even go so far as to raise its [...]

American Apparel Wins Same Store Sales Game

American Apparel, Inc. (AMEX: APP) is trading up 2% pre-market on strong same store sales data for August.  The apparel retailer is showing that its young adult retail trendy stores aren’t a flash in the pan.  The relatively new apparel retailer posted same store sales for August at +31% on a constant currency basis and [...]

Guidance at Ciena Tanks (CIEN)

Shares of Ciena Corp. (NASDAQ: CIEN) are trading down 17% pre-market and this is going to be one of the more active stocks on NASDAQ: today.  The earnings were fine, but guidance is really sucking wind.  As of 8:30 AM EST we have seen more than 1.14 million shares trade hands and the $14.50 pre-market [...]