Archive for January, 2010

Analyst Whacks Apple (AAPL)

Apple Inc. (NASDAQ: AAPL) is down 1.37% at $205.22 on over 4.4 million shares as of 10:05 AM EST.  Frankly, Apple holders might feel lucky that the drop is only by that little.  Deutsche Bank has removed Steve Jobs and friends from its short-term buy list ahead of next week’s earnings and ahead of the [...]

Somaxon, The Great Double (SOMX)

Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) has soared in after-hours trading after it provided an update on the status of its New Drug Application for Silenor for the treatment of insomnia and said that the FDA acknowledged that this resubmission would be considered a complete response.  This also noted that no additional safety or efficacy data [...]

Some Banks May Win In Regulation (CMA, FITB, STI, KEY, RF)

We won’t bother telling you about the proposed regulation that was just proposed by the White House today, nor will we bother telling you how bad that regulation will be for the bulge bracket brokerages and money center banks on huge volume losses earlier after the news broke this morning.  Oddly enough, this may actually [...]

Over-Regulation Risks Cause Exponential Bank Volumes (JPM, BAC, WFC, C, GS, MS)

We won’t bother complaining about or praising why these banks and brokers are down so much today.  You already know the proposed regulation that would basically turn banks into utilities. Here are the reactions… more importantly, look at the share volumes as of 1:33 PM EST: JPMorgan Chase & Co. (NYSE: JPM) $41.0125, Down 5.50% [...]

Top Tech Movers (EBAY, GRMN, LOGI, PLXS, JAVA, ORCL, STX)

eBay Inc. (NASDAQ: EBAY) ex-Skype figures were up 18% and the company beat estimates and raised guidance.  Frankly, after a 125% gain the guidance did not seem strong enough to justify this move, but the market is always stronger than one voice or one opinion.  Shares are up 8.8% at $24.20 on 1.47 million shares. [...]

Cree Soars (CREE)

Cree Inc. (NASDAQ: CREE) is up significantly in the early hours after beating estimates.  It posted $0.38 EPS vs. $0.30 estimates; revenues rose 35% to $200 million versus $187 million estimates. At 8:57 AM EST we have shares up over 12% at $60.75 on 145,000 shares.  The prior 52-week high was $60.00, the low is $16.07; average [...]

Wells Fargo Wins Bank Reports, So Far (WFC)

Wells Fargo & Co. (NYSE: WFC) is trading up, unlike the initial reaction of the other moneycenter banks that have reported.  The bank reported $0.08 EPS and $23 billion in revenues versus estimates of -$0.01 EPS and revenues $22 billion. Shares were trading up about 3.1% pre-market on the news, but at 8:45 AM EST [...]

Rambus Soars on Samsung (RMBS)

Rambus Inc. (NASDAQ: RMBS) is trading up more than 10% this morning.  Last night the fabless chip design and architecture company announced a $900 million settlement with Samsung.  This has shares very strong and compares to a market cap of $2.23 billion before this pop.  This was one of the more active and larger moves [...]

SIRIUS Cash Flow (SIRI)

SIRIUS XM Radio (NASDAQ: SIRI) is up even more than it was last night after the satellite radio monopoly said that it generated free cash flow for all of 2009 and disclosed pro forma earnings and the highest subscriber growth since Q3-2008.  This is not massively different than what it had guided even at the [...]

Eating Up Bare (BARE)

Bare Escentuals, Inc. (NASDAQ: BARE) is soaring this morning as the NASDAQ’s top gainer, on a buyout.  The all-natural cosmetics maker is being acquired by Japan’s Shiseido for $1.7 billion.  This comes to $18.20 per share.  The 52-week trading range is $2.45 to $14.87.  At 7:57 AM EST we have seen a rise of more [...]