AIG Keeps Running (AIG)
American International Group, Inc. (NYSE: AIG) is seeing the run continue. Either its new CEO Benmosche is a demi-god, or the euphoria of the bull market and eight straight days of rallies are getting to traders. The news this morning has teh Taiwan unit sale valued around $2 billion. There is continued hope here that [...]
Dell Finds Some Love )DELL)
Dell Inc. (NASDAQ: DELL) traded over 6 million shares and went out last night up 3% in after-hours after a 6% run right before the close after Dell accidentally released its earnings ahead of the closing bell. As of 8:25 AM EST we have Dell trading up 4.1% at $16.30 on almost 1 million shares [...]
OmniVisions Says "Picture This" (OVTI)
OmniVision Technologies Inc. (NASDAQ: OVTI) is continuing its surge as a smartphone winner for all those internal cameras. The company reported a narrower than expected loss after Thursday’s closing bell, but it forecast second-quarter results that were above expectations. It now sees $0.10 to $0.20 EPS on revenue of $155 to $170 million versus Thomson [...]
Marvell Enthusiasm Continues (MRVL)
Marvell Technology Group Ltd. (NASDAQ: MRVL) is getting bid up and up. The communications chip maker posted a 24% drop in sales to $640.6 million. While this was down sharply, it was well above analyst estimates of $619.83 million; earnings beat but on cost cutting measures. Shares are up 7.5% at $15.70 as of 8:17 [...]
Massey Energy Sees Unusual Put Option Trading (MEE)
Massey Energy Co. (NYSE: MEE), the large bituminous coal company, is seeing some very unusual trading today. As coal often tracks energy stocks this is down 4.5% at $27.58, but the trading volume is not active nor unusual with 4 million shares traded hands as of 12:30 PM EST versus average volume of 6.5 milliuon [...]
Boeing Goes Mile High on Dreamliner Flight Date (BA)
Boeing Co. (NYSE: BA) is surging this morning after the aerospace and defense giant said that its Dreamliner will make its maiden flight before the end of the year and is targeting Q4-2010 for first deliveries for orders. This is after delays and delays. At 8:54 AM EST we have shares trading up 5.6%, huge [...]
Vonage Pivot Points As Shares Peter-Out (VG)
Vonage Holdings Corporation (NYSE: VG) petered out yesterday and appears to be petering out some more this morning. Shares are down abouy 2.3% at $2.11 on over 800,000 shares as of 8:50 AM EST. Be advised that shares hit a new 52-week high yesterday and traded about 80 million shares. The low yesterday was $1.82 [...]
AIG Getting Another Boost (AIG)
American International Group (NYSE: AIG) is trading up sharply on additional short squeezes… There are reports that the new CEO Benmosche has talked with founder Hank Greenberg on efforts to help rescue the firm. Also, Obama’s pay czar is set to formally approve the high pay package for AIG’s new CEO as soon as next [...]
Energy Conversion Skunks Earnings (ENER)
Energy Conversion Devices, Inc. (Nasdaq: ENER) is trading down on earnings after blowing its earnings report. It posted revenues of $51.4 million compared to $82.4 million in the fourth quarter of fiscal 2008 and $66.0 million in the third quarter of fiscal 2009. It also reported a loss of $15.8 million or -$0.37 EPS compared [...]
Citigroup Gets Paulson Boost (C)
Citigroup Inc. (NYSE: C) is trading up this morning on reports that hedge fund giant John Paulson has been acquiring a stake in Citi and now holds close to a 2% stake. As of 8:26 AM EST shares are up 2.4% at $4.75 on over 13.5 million shares. Paulson is oine of the ones who [...]
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