Archive for June 26th, 2009

Volume Alert: Novo Nordisk trades in sympathy with Sanofi (NVO)

Novo Nordisk AS (NYSE: NVO) shares are down about 4% and have traded a session’s worth of average volume in the first hour of the session. The stock is trading in sympathy with Sanofi Aventis (NYSE: SNY). Both companies are manufacturers of long-acting insulin products for treatment of diabetes. The worry is that there may [...]

Volume Alert: Motorola rises on analyst actions, also may be seeing a Palm benefit (MOT, PALM)

Motorola Inc. (MOT) shares are up only about 1%, but have seen strong volumes as of 10:15 a.m. Eastern. Market participants say the stock was added to the U.S. Focus List at Bank of America Merrill Lynch. Another reason for increased volumes, however, may be Palm Inc. (Nasdaq: PALM) beating earnings by 22 cents a [...]

Volume Alert: Immunocor sinks on FDA action (BLUD)

Immunocor Inc. (Nasdaq: BLUD) shares are down about 27% near $11.83 at the market’s open, afer the company said the FDA plans to revoke the company’s biologics license with respect to its Reagent Red Blood Cells and Anti-E Blood Grouping Reagent product. The company has 10 working days to respond to the FDA’s administrative action [...]

Premarket Alert: Sanofi-Aventis falls on drug safety worry (SNY)

Sanofi-Aventis (SNY) shares are down about 3% in active premarket trading just ahead of the open at 9:20 am. Eastern. The worry is that there may be negative headlines coming soon in a major medical journal that may show an increased cancer risk associated with its Lantus insulin treatment. As a result, Morgan Stanley and [...]

Premarket Alert: Farmers' spending habits hit fertilizer stocks (POT, MON, IPI, CF, AGU)

Agriculture stocks are seeing early premarket selling as of 9 a.m. Eastern, after Potash Corp. (NYSE: POT) cut its second-quarter earnings guidance citing lower prices for phosphate fertilizers and deferrals of purchases by farmers seeking to save costs. The company warned that its second-quarter earnings will be about 70 cents a share, down from expectations [...]

Premarket Alert: General Electric Co. gains on volume (GE)

General Electric Co. (NYSE: GE) shares are up about 1% on above-average premarket volume as of 9 a.m. Eastern, after CEO Jeff Immelt appeared on the “Charlie Rose” talk show last night. On the show, Immelt said GE Capital is currently undervalued, and may be worth up to $20 billion. He also talked about opportunities [...]

Premarket Sector Watch: Gold stocks show early gains (IAG, AUY, AU, GG, AEM)

Gold stocks are among the more active groups in premarket trading this morning, as spot prices for the metals rise for a fourth day in a row, and may be set to post a weekly gain for the first time this month. The rise in gold comes as the dollar index fell. One reason may [...]

Premarket Alert: Housing plays may be active in today's trading (KBH, CTX, TOL, RYL, HD)

Housing stocks may be active afer KB Home (NYSE: KBH) posted a smaller-than-expected loss, and the company said that it’s starting to signs that negative housing market trends may be moderating. The company said increasing consumer confidence is among the factors that says the market may be approaching stability. KB Home (NYSE: KBH) shares are [...]

Premarket Alert: UBS dilutive deal keeps the stock active (UBS)

UBS (NYSE: UBS) shares are down about 3% near $12.50 in active premarket trading around 8:25 a.m. Eastern, after the company warned of a second-quarter loss and sold about US$3.5 billion of shares at a 7% discount to the stock’s closing price on Thursday. The cash raising is expected to help raise the bank’s tier 1 [...]

Premarket Alert: Why Boeing shares could be grounded (BA)

Boeing Co. (NYSE: BA) shares will be ones to watch at the open for a potential volume spike after yet another setback for its 787 Dreamliner. Australia’s Qantas Airways said it will defer orders for 30 of the plans, and analysts are concerned that more customers could do the same as airlines become frustrated with [...]