Top Day Trader Alerts (DPTR, FDX, NKE, SASR, TEVA, TSL)

Posted in pre-market 
March 18th, 2010

These are this morning’s top day trader and active trader alerts. We have added the price moves and color on each stock as of approximately 8:40 AM EST unless stated otherwise, as well as historical data for a comparison.

Delta Petroleum Corp. (NASDAQ: DPTR) shares are surging by 20% at $1.64 on over 1 million shares pre-market.  The market cap as of yesterday was only $384 million, yet the company said it was going to sell part of the Piceance acreage for $400 million.

FedEx Corporation (NYSE: FDX) is lower despite having raised its guidance with earnings this morning after its profit more than doubled.  The new range for 2010 earnings is $3.60 to $3.80 EPS versus a prior target of $3.45 to $3.75 EPS.  The issue here is one of valuation as the stock was up about 150% from 2009 lows.  Shares are down almost 3% at $87.30 on about 500,000 shares.

Nike Inc. (NYSE: NKE) is hitting new 52-week highs this morning after posting $1.01 EPS and $4.7 billion in revenue versus Thomson Reuters estimates of $0.89 EPS $4.6 billion in revenues.  Volume is still rather thin but the stock is up 4% at $73.75.  $71.33 is the old 52-week high.

Sandy Spring Bancorp Inc. (NASDAQ: SASR) is one of the top drops today although this is thin volume usually.  Shares are down 10% at $13.40 after it priced a public secondary offering of 6.5 million shares at $13.50 per share  to raise approximately $87,750,000.00.  The market cap here was only $245 million yesterday and shares were at $14.91 on Wednesday’s close. The 52-week trading range was $8.19 to $17.92 and the stock’s average volume is only about 50,000 shares.

Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) closed yesterday at $59.94, but shares are up 4.15% at $62.43 on almost 1 million shares at 8:35 AM EST.  Teva reached an agreement for about $5 billion deal to buy German generic drug maker Ratiopharm.  Teva’s market cap was $53 billion before the effects of this deal.  The 52-week range is $42.77 to $62.17 and the average share volume is about 5.3 million shares.

Trina Solar Ltd. (NYSE: TSL) is down almost 4% at $22.19 after a close of $23.08 yesterday and versus a 52-week range of $3.73 to $31.18.  After the close yesterday, Trina announced a follow-on public secondary offering of 7,900,000 ADRs via Credit Suisse, Goldman Sachs and Barclays Capital.

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JON C. OGG

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