Archive for October 5th, 2009

Nutrisystem Surges on Wal-Mart Pact (NTRI, WMT)

NutriSystem Inc. (NASDAQ: NTRI) is surging on word that it scored an introductory 14-day pact with Wal-Mart Stores Inc. (NYSE: WMT) at retail and locations and the walmart.com site.  Full details are at 24/7 Wall Street but the stock closed at    $15.05 today.  As of 5:11 PM EST we have shares up almost 15% at [...]

Cirrus Lifts on Guidance (CRUS)

Cirrus Logic Inc. (NASDAQ: CRUS) announced right after the close of trading that it raised guidance to +48% sequentially to approximately $55.7 million in revenues and above the previous forecast of $48 million to $52 million driven by stronger than previously anticipated demand for audio products.  Thomson Reuters has estimates pegged at $49.85 million in [...]

Capital One & Fifth Third Rise On Opposite Calls (COF, FITB)

Capital One Financial Corp. (NYSE: COF) was raised to the Conviction Buy List at Goldman Sachs.  This replaces Fifth Third Bancorp. (NASDAQ: FITB), although FITB was maintained as a BUY rating as well.  Interestingly, both shares are higher.  Capital One is up 4% at $34.52 on 66,000 shares at 9:00 AM EST, while Fifth Third [...]

Wells Fargo Loving Goldman Sachs (WFC)

Wells Fargo & Co. (NYSE: WFC) is surging this morning considering that it is a super-regional bank without a news release of its own.  Its shares are up 4% at $27.35 but only on about 350,000 shares as of 8:54 AM EST.  This was raised at Goldman Sachs to BUY and that appears to be [...]

Amicus Taking Out 52-Week Lows (FOLD)

Amicus Therapeutics (Nasdaq: FOLD) is effectively challenging its 52-week lows.  This one lost 24.7% of its value down to $6.40 on Friday evening after the close and traded some 59,900 shares in the after-hours session, and this morning at 8:44 AM EST we have seen a 27% drop to $6.20 on light trading. The Phase [...]

SciClone Down, Not As Bad As It could Have Been (SCLN)

SciClone Pharmaceuticals, Inc. (Nasdaq: SCLN) is trading down on a Friday report that it has halted its trial of a pancreatic cancer drug candidate per its independent monitoring committee.  This would be worse if the company was not diversified and if the company was not profitable.  At 8:40 AM EST we have seen only 5,000 [...]

Trident Poking Itself Higher (TRID)

Trident Microsystems Inc. (NASDAQ: TRID) is surging as one the top gainers this morning. UPDATE AT 9:20 AM EST: Shares are now up ‘only’ 9% at $2.54 and the volume is now 125,000 shares. 8:08 AM EST The company provided an upward revised to its guidance for its fiscal first quarter and also announced that [...]

Brocade Trading Heats Up on Possible Sale (BRCD)

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading higher after the company has reportedly up for sale.  The WSJ noted that the storage area networker could be a target of H-P or Oracle.  The company currently has a market cap of $3.2 billion and trailing revenues of about $1.5 billion.  Shares are indicated higher in [...]