Investors React to Amazon Q2 Spending in Pre-Market Trading
Amazon.com, Inc. (NASDAQ: AMZN) stocks were down this morning during pre-market trading as a result of the company’s second quarter earnings, which were released yesterday, falling far under investor expectations. The company is down 11.37% at $106.42 at 8:35 AM EST, compared to $120.07 at market closing. Amazon features a 52 week trading range of $77.51 [...]
Mellanox Loses Ground in Pre-Market Trading (MLNX)
Mellanox Technologies, Ltd. (NASDAQ: MLNX) is down $4.24 (18.48%) at 8:35 AM EST to $18.70 and has already traded 95,265 shares. This comes in the middle of the 52-week trading range of $12.90 to $27.48. Mellanox features a market cap of $769.52 million. This drop comes as a bit of a surprise considering the fact that [...]
Goldman Sachs Up on Buffett Defense (GS)
Goldman Sachs Group Inc. (NYSE: GS) is trading higher this morning after this weekend the company, its management and its trading practices were defended by Warren Buffett at the annual shareholder meeting for Berkshire. Buffett also endorsed Goldman Sachs’ Blankfein as CEO. Buffett said the SEC has no case, and that Goldman or Paulson taking [...]
Ambac Becomes Crack for Traders (ABK)
Ambac Financial Group, Inc. (NYSE: ABK) is continuing its run on the heels of last week’s profit after factoring in items. This had a huge run on Friday on the news, but this reached a silly level yesterday after a 100% rally on top of huge gains seen Friday. Yet here we are… Shares are [...]
UAL and US Air… Merger Mile High Club (LCC, UAUA)
U.S. Airways Group, Inc. (NYSE: LCC) and UAL Corp. (NASDAQ: UAUA) are both trading higher this morning on reports that the two are about to merge to create the #2 air carrier in the United States. This will be a blow for consumers as options for flying become more and more at the benefit of [...]
Top Day Trader Alerts (BGP, CRAY, ENER, MRNA, MVSN, RPRX, SD)
These are today’s top day trader and active trader alerts. We have shown the price moves, added in the news summaries and offered color where appropriate on each: Borders Group, Inc. (NYSE: BGP) is seeing profit taking after a near-50% gain on Thursday over its new credit line. Barron’s also panned its prospects as dismal [...]
Top Day Trader Alerts (APP, CPWM, NBG, ORCT, PALM, TUTR, RIMM, SOMX, SMOD)
American Apparel, Inc. (AMEX: APP) is losing its edge. After earnings, the company’s profit slid but was in-line. It has deferred on offering a 2010 outlook. Most importantly, it announced layoffs. That doesn’t sound like a growth story anymore, does it… Shares are down 9.3% t $3.48 on 17,000 shares at 8:48 AM EST. Cost [...]
Rumors Drive Volume (GGP, SPG, HOG)
The rumor mill is back. It is also tiring. Today we had two gainers seen in General Growth Properties Inc. (NYSE: GGP) and in Harley-Davidson, Inc. (NYSE: HOG). Details on each are as follows, along with unofficial closing bell levels. General Growth Properties Inc. (NYSE: GGP) just spiked at the end of the trading day [...]
Boston Scientific’s Ides of March (BSX)
Is it ironic that Boston Scientific Corporation (NYSE: BSX) has another round of awful news out on one of its key products on the Ides of March? It gets harder and harder to imagine that this company is ever going to be able to manage a proper turnaround. The troubled medical device maker announced today [...]
Top Day Trader Alerts (BIDU, PEP, MNKD, TM, AMLN, ALKS, BCON, ISPH)
Baidu, Inc. (NASDAQ: BIDU) is running on word that Google is now much more likely than not about to close its China website. At 8:45 AM EST we have seen 77,000 shares trade and the stock is up 3.8% at $571.43. The old 52-week high is $559.47. Pepsico, Inc. (NYSE: PEP) is trading higher at [...]
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