Archive for August 20th, 2009

Salesforce.com Screams in After-Hours (CRM)

Salesforce.com Inc. (NYSE: CRM) closed up 2.5% a6 $46.18 in regular trading today.  But at 4:47 PM EST shares are up farther in after hours around $50.70, an additional gain of 9.79%, on more than 526,000 shares.  This traded over 3 million shares in regular trading today and its average volume is 1.95 million shares.  [...]

ReneSola Running on Two Items (SOL)

ReneSola Ltd. (NYSE: SOL) is surging this morning.  Goldman Sachs raised its rating to BUY from Neutral and called it one of the solar industry leaders through the current downturn.  This is based upon its cost structure, downstream production integration and its significant exposure to the Chinese market as a low-cost manufacturer.  The gain this [...]

UBS Oversubscribed Swiss Governemnt Stake Sale (UBS)

UBS AG (NYSE: UBS) is trading very well this morning on reports that the Swiss government’s share sale placement of its stake in UBS was oversubscribed by more than 4-times. We are still awaiting on pricing details, but shares at 9:17 AM EST are up 4.9% at $16.20 on over 600,000 shares. UBS is not [...]

EDAP Second Day Run (EDAP)

EDAP TMS SA (NASDAQ: EDAP) was an exponential runner late yesterday after it reported that the FDA gave marketing approval for its newly designed and high-end Sonolith I-Sys device. This is a robotized device that has been developed by EDAP to provide a highly effective product configuration to address what is one of the largest [...]

Sears… Lampert or Lampoon? (SHLD)

Sears Holdings Corporation (NASDAQ: SHLD) is trading lower by almost 13% at $64.00 per share this morning. As of 8:51 AM EST we have seen over 445,000 shares trade hands after the retail giant posted a loss of $94 million, or -$0.79 EPS after items. Wall Street is no longer giving this one the “restructuring [...]

PetSmart Trades With Fleas (PETM)

PetSmart Inc. (NASDAQ: PETM) has gone from bad to worse this morning. The company managed to beat earnings after yesterday’s closing bell, but the pet supplies retail giant gave very weak guidance in earnings ahead on low sales growth. Shares were down close to 10% last night on over 635,000 shares traded in the after-hours [...]

NetApp Decides on Earnings vs. CEO (NTAP)

NetApp, Inc. (NASDAQ: NTAP) is one of the more active issues to the downside this morning. The storage player reported better than expected earnings, but the firm refused to give much in details for guidance. More importantly, it replaced its CEO. At 8:28 AM EST we have seen a drop of 4.5% to $21.85 and [...]

Google Surging on Upgrade (GOOG)

Google (NASDAQ: GOOG) was raised to the CONVICTION BUY LIST at Goldman Sachs with a higher target of $560.00. It was previously at a Buy rating. As of 8:25 AM EST we have seen very little in formal trading volume but shares are indicated up almost 2% at $452.75 in early trading. -JON OGG

SunTech Power Active and All Over The Place (STP)

Suntech Power Holdings Co Ltd (NYSE: STP) is seeing strange trading this morning. The solar player said net income fell to $10 million, or $0.06 EPS from $52 million or $0.31 EPS a year ago. Revenue fell over 30% to $321 million vs. $334.3 million expected from Thomson Reuters and the firm cut its projected [...]