Archive for September 2nd, 2009

Sepracor Exponential Stock/Options Volume (SEPR)

Sepracor Inc. (NASDAQ: SEPR) is flying on 5X volume.  As of 1:40 PM EST we have shares up almost 25% at $22.80 and this is on over 11 million shares.  The reason here is takeover rumors, and all we can say is that this was one of our low-P/E drug and biotech stocks we have [...]

Novavax.. No Blue Horseshoe, No Love (NVAX)

Novavax Inc. (NASDAQ: NVAX) is getting spanked this morning. The swine flu stock and flu stock is trading lower after Oppenheimer & Co. downgraded the biotechnology company after shares went above and beyond the firm;s $6.00 price target.  The rating is now “Perform” rather than “Outperform” as before.   At the 9:30 Opening Bell NVAX is [...]

No Hang Up on VeriFone (PAY)

VeriFone Holdings Inc. (NYSE: PAY) is surging after earnings and after settling with the SEC.  For starters, it consented to a permanent injunction against violations of the reporting, internal controls, and other provisions of the federal securities laws.  The company also posted Q3 net income of $22 million or $0.26 EPS rather than a loss [...]

BP Runs on Giant Discovery (BP)

BP PLC (NYSE: BP) has probably never given us the pre-market most active alert, but that is not the case today… BP stock is trading higher after it reported a giant oil discovery in a deep well drilled in the Gulf of Mexico and on the U.S. side of the oil fields.  It did note [...]

Joy Global Seeing Some Joy (JOYG)

Joy Global, Inc. (NASDAQ: JOYG) is trading higher after the coal mining equipment maker posted $1.21 EPS for Q3.  This is a substantial beat compared to the $0.95 estimates from Thomson Reuters.  Revenues also rose by 6% to $956 million… As of 8:35 AM EST we have shares up over 4% at $38.70.  We are [...]

Volume Surging In PowerShares DB Crude Oil Double Long Exchange Traded Notes (DXO)

We are seeing very active trading in the PowerShares DB Crude Oil Double Long Exchange Traded Notes (NYSE: DXO), the double-long leveraged ETN from Deutsche Bank that  is being closed.  This is over the regulation efforts to curb speculation in the energy markets by the CFTC.  Be advised… this ETN will now most likely trade [...]

Fannie & Freddie Back In Soup (FNM, FRE)

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) may have traded lower anyway with the markets, but the Mortgage Bankers Association is calling for Congress to effectively breakup the mortgage GSEs.  While the MBA is non-governmental, this is just another reminder of ‘no remaining value’ in the stocks.  At 8:28 AM EST we have [...]

Tower Semi Hikes Guidance (TSEM)

Tower Semiconductor Ltd. (NASDAQ: TSEM) gave guidance just on August 12, but this morning it is raising that guidance on record revenue due to increased customer demand. It now expects third quarter revenue to be between $77 million and $80 million.  This is above a mid-range representing a 30% increase from previous quarter revenues of [...]

Vonage Goes Bonkers (VG)

Vonage Holdings (NYSE: VG) is trading up sharply again this morning on data which should have either been known or at least anticipated.  Apple (NASDAQ: AAPL) approved its iPhone App.  In a research note, Auriga said that it does not believe that AT&T Inc. (NYSE: T) will be a suitor of the company as some [...]