Archive for June 19th, 2009

Multi-Day Exponential Volume Alert Ahead: E*TRADE (ETFC)

E*TRADE Financial Corp. (NASDAQ: ETFC) is going to be on our “multi-day exponential volume alerts” watch list for at least the next four trading sessions.  The company sold 435 million shares in a secondary offering at $1.10 per share, a 23% discount to yesterday’s close and a far cry lower than the $1.90 at the [...]

Sinovac Biotech Ltd. rises on 6 times normal volume

Sinovac Biotech Ltd (AMEX: SVA) shares are up more than 10% on six times normal volume this morning after the company won a key H1N1 influenza virus vaccine pact.  This is a vaccine supply pact for the government in Beijing and sounds as though it could be just the first of many ‘possible’ pacts. See [...]

Drug stocks show strength on volume (PFE)

Large drug stocks are testing four-month highs in early trading this morning, and are among the strongest stock groups. Most of the big names in the group including Pfizer (NYSE: PFE), Johnson & Johnson (NYSE: JNJ), Eli Lilly & Co. (NYSE: LLY) and Abbott Laboratories (NYSE: ABT) all are trading higher in the early going. One [...]

Can solar stocks catch heat in today's trading? (SPWRA)

Solar energy stocks are mostly higher in premarket trading this morning, after UBS upgraded Sunpower Corporation (Nasdaq – SPWRA) to a Buy, calling it the best-positioned U.S. solar play. The positive sentiment is also spilling over to many other names in the group, as they all can potentially benefit from the same trends UBS says [...]

RF Micro Devices gains as Jim Cramer trumps analysts (RFMD)

It appears that Cramer trumps the analysts. Despite a UBS downgrade on valuation late yesterday that many are seeing for the first time this morning, RF Micro Devices (Nasdaq – RFMD) is up in strong premarket trading as of 9 a.m. this morning, after the company’s CEO appeared on Cramer’s Mad Money last night, citing strong [...]

Smith & Wesson shares shoot higher (SWHC)

Smith & Wesson (Nasdaq – SWHC) is up 13% after the company guided higher after hours, and several analysts raised estimates for the stock this morning. Troubling times appear to be increasing demand for firearms. There are anecdotal reports in many regions around the country of gun stores posting strong double-digit pistol sales since the [...]

PALM gains from RIMM's pain (PALM)

Palm (Nasdaq – PALM) is up about 3.5% as one of the most actives, after RIMM’s results seemed to reflect increased competition from Palm and its new Pre smartphone offering, despite its $0.04 earnings beat vs. consensus. By all accounts, preorders for the Pre continue to come in strong.

Microsoft rises in premarket, with help from Goldman

Microsoft (Nasdaq – MSFT) is up about 2% in the premarket. Media including Reuters reports that the stock’s price target was raised to $29 from $25 at Goldman  Sachs, and it was added to the Americas Conviction Buy list.  

Price/Volume Spike Alert: Microsoft (MSFT)

Microsoft Corporation (NASDAQ: MSFT) is trading up almost 2% in the earlybird pre-market hours before the NASDAQ starts updating quotes.  We have the market at $23.97 X $24.00 on over 126,000 shares as of 7:40 AM EST.  The news is that is one of the top pre-market analyst upgrades and downgrades after Goldman Sachs added [...]