Archive for November 9th, 2009

EA Rises, But Sloppy Sloppy Numbers (ERTS)

Electronic Arts Inc. (NASDAQ: ERTS) is rising after the close despite some mixed reports.  The video game giant posted non-GAAP earnings at $0.06 EPS on $1.15 billion in revenues versus Thomson Reuters consensus estimates of $0.07 EPS and $1.13 billion in revenues.  More importantly, EA reported more cost reductions and will close several facilities and [...] Hitting 52-Week Highs After-Hours (PCLN) Incorporated (NASDAQ: PCLN) is up after-hours after beating its earnings targets. The online travel portal said gross travel bookings were $2.7 billion, up 32.8% over a year ago and revenues were up 30% at $730.7 million and its non-GAAP earnings was put at $173.3 million or $3.45 EPS.  Thomson Reuters had estimates at $2.92 [...]

MBIA Fails Ambac’s Trend (MBI, ABK)

MBIA Inc. (NYSE: MBI) turns out that being in a bad bond insurance business is not good like it was for rival Ambac (ABK) last week.  It posted a lower third-quarter loss, due to a benefit from narrowing credit spreads, of $727.8 million, or -$3.50 EPS.  The company further noted that its incurred losses in [...]

MBIA Options Alert! (MBI, ABK)

MBIA Inc. (NYSE: MBI) is trading 9,900 calls and 1,804 puts ahead of earnings tonight with ISE Sentiment indicating that the offer side buying in the November $5 calls is mostly new opening buyers, as 7,000 trade against OI of 9,700.  Implied volatility is also jumping 8% to 132 % on the day.  Shares of [...]

Leveling Teton (TEC)

Teton Energy Corporation (NASDAQ: TEC) is getting killed today on trading volume that goes above and beyond ‘exponential trading volume’ when you look at it.  Yet it is pretty sad when a whopping $600,000.00 worth of volume at the current price constitutes a volume spike.  Teton’s self description is that the firm engages in the [...]

JA Solar Upgraded Before Earnings (JASO)

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is soaring this morning.  Morgan Stanley raised its rating early today to OVERWEIGHT from Equal-Weight this morning ahead of earnings.  As the conference call for earnings is just tomorrow, it seems traders feel the Morgan Stanley team might know something or have better insight.  At 9:14 AM EST [...]

Abercrombie Raised Ahead of Earnings (ANF)

Abercrombie & Fitch Co. (NYSE: ANF) is soaring on an analyst upgrade from Credit Suisse to outperform from neutral on hopes that the teen and young adult retailer will beat its earnings estimates this week.  A&F stock has now doubled from its lows of late-2008.  At 8:40 AM EST we have shares up 5% at [...]

McDonald’s Growth From Overseas (MCD)

McDonald’s Corp. (NYSE: MCD) is likely going to accelerate in trading volume as we get closer to the opening bell.  The Golden Arches reported October same store sales of +3.3%. It noted that  U.S. comparable sales were relatively flat but continued to outpace sales of peers and competitors. In Europe, comparable sales rose 6.4%; Asia/Pacific, [...]

Valuing GE’s NBC Unit (GE)

General Electric Co. (NYSE: GE) was up big on Friday because of the dual analyst upgrades.  Now this morning it is up again as it may have a deal closer to happening now for its NBC Universal operations. Reports have it and and Comcast (CMCSA) agreeing that $30 billion is a fair approximate value of [...]

East West Bancorp… Buying Busted Bank & Lovin It (EWBC)

East West Bancorp Inc. (NASDAQ: EWBC) is soaring this morning, but perhaps on thinner volume than many would like to see. UPDATE at 9:30 AM EST Shares are up over 40% at $12.25 on almost 2 million shares At 9:18 AM EST we have a 27% gain to $11.00 after closing at $8.65 on Friday.  [...]