Archive for July 14th, 2009

Diamond plays see morning volume spike (NILE, FUQI)

Shares of jewelers Blue Nile Inc. (NILE) and Fuqi International Inc. (FUQI) appear to be rising on speculation that recent stock price declines on fears of slack demand for luxury items may be overdone. Citigroup upgraded shares of Blue Nile to Buy from Hold, citing reasonable earnings estimates, citing in part greater price flexibility given [...]

PREMARKET ALERT: Noven Pharmaceuticals (NOVN)

Noven Pharmaceuticals Inc. (Nasdaq: NOVN) shares are up more than 20 percent to $16.50 in early premarket volume after it agreed to be bought by Hisamitsu Pharmaceutical for $428 million in cash or $16.50 per share. The deal was unanimously approved by the boards of both companies. Also, Noven announced what it called positive top-line [...]

Why health care stocks are ones to watch early (HNT, AET, HUM, UNH)

Several health insurance provider shares could see volume spikes in Tuesday trading. A shift in healthcare service contracts for the U.S. military is shifting billions in potential revenue. HealthNet Inc. (NYSE: HNT) shares fell about 15 percent after hours to less than $12 when the military replaced its services with Aetna Inc. (NYSE: AET) in [...]

PREMARKET ALERT: Novellus (NVLS)

Novellus Systems Inc. (Nasdaq: NVLS) shares are ones to watch for a potential volume spike. The company last night guided to a third-quarter loss of 15 cents a share to potentially breakeven; analysts on average  had expected a Q3 loss of about 24 cents a share. The company also sees better-than-expected revenue of $150 million [...]

PREMARKET ALERT: Dell Inc. (DELL)

Dell Inc. (Nasdaq: DELL) shares are down more than 3 percent to $12.55 in early premarket trade, and may see a volume spike lower today. The company said Monday night it expects a “modest” decline in its second-quarter gross margins due to higher computer component costs, price competition, and a demand shift toward cheaper computers. [...]

PREMARKET ALERT: CIT Group (CIT)

CIT Group Inc. (NYSE: CIT) shares are up about 25 percent to $1.69 on an early premarket volume spike. Newspapers including the Wall Street Journal report this morning that the U.S. is in advanced talks about providing some sort of aid to CIT Group, although the structure and amount of any aid is still unclear. [...]