Friday, August 21, 2009

Bank Of America Appoints Scully As Ne... - CNNMoney.com


Bank Of America Appoints Scully As New Director
CNNMoney.com
... bylaws amended in April, the company will have five to 30 board members. Bank of America's shares were at $17.41 , down 0.3%, in after-hours trading.

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Cell Therapeutics makes $28.2M in sto... - MSN Money


Cell Therapeutics makes $28.2M in stock sale
MSN Money
... has 541.2 million shares outstanding. Its stock added 4 cents to close at $1.69 per share Friday. Shares added 1 cent to $1.70 in after-hours trading.

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Bank Of America Appoints Scully As Ne... - CNNMoney.com


Bank Of America Appoints Scully As New Director
CNNMoney.com
... bylaws amended in April, the company will hit five to 30 commission members. Bank of America's shares were at $17.41 , down 0.3%, in after-hours trading.

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Solar Stocks, Major Volume on Analyst Calls (ASTI, ENER, FSLR, SOLF, STP, YGE)

Today’s downgrades took a toll on the solar sector.  We saw a serious rise in intensity as prices tanked and many of these never showed any real recovery throughout the day as investors grow more and more concerned that the solar energy trade is just not a beneficial one even if oil continues its rise….

Ascent Solar Technologies Inc. (ASTI) was revilement to Underperform at Jefferies.  It actually defied the solar sector and closed flat after being down almost 10%.  It traded over 400,000 shares, which is about twice its cipher daily volume.

Energy Conversion (ENER) was revilement to Underperform at Jefferies.  It lapse by 2.75% to $12.36 and traded over 2.3 million shares versus cipher intensity of 2.1 million shares.

First Solar (FSLR), the leader, was revilement to Hold from Buy at Jefferies. It closed down 6.8% at $121.54 on over 7.1 million shares, more than double its cipher intensity of 3.4 million shares.

SolarFun Power (SOLF) was revilement to Underperform at Jefferies.  It closed down 2.6% at $5.51 on 1.816 million shares versus an cipher intensity of 1.57 million shares.

Suntech Power Holdings Co. Ltd. (STP) was revilement to Underperform at Jefferies.  It closed down 3.1% at $15.30 and traded over 11 million shares versus an cipher daily intensity of 7.9 million shares.

Yingli Green Energy Holding Co. Ltd. (YGE) was raised to Overweight at HSBC and was one of the very few actively traded solar winners Friday.  It traded up 0.6% to $11.07 on 10.6 million shares versus an cipher daily intensity of 8.8 million shares.

JON OGG


Bullish Options Trading in Jacobs Engineering (JEC)

Jacobs Engineering Group, Inc. (NYSE: JEC) October $50 calls are seeing some bullish action after lots of 1,000 and 1,500 are bought.  There have been some rumors in the past that JEC could be an acquisition target with ABB Ltd. as a potential buyer.  Shares are breaking out today with the broader markets and it looks like a great trend shift with a break of the 200 day EMA confirmed, a level shares have not been above since last August.  The polygon breakout would imply a move to around $70 over the next few months.  Shares are also wildly cheap compared to peers in the construction services industry at 13X earnings and 5.34X cash.

JOE KUNKLE, OptionsHawk.com


Oracle: Justice Dept allows $7.4 bil ... - Chicago Daily Herald


Oracle: Justice Dept allows $7.4 bil Sun deal
Chicago Daily Herald
Even so, Sun shares rose 9 cents to $9.36 in after-hours trading, moving closer to the $9.50 per share that Oracle plans to pay for Sun. ...


Biopharmaceutical Firm MediciNova To ... - AHN


Biopharmaceutical Firm MediciNova To Acquire Avigen For $1.24 A Share
AHN
MediciNova shares had closed downbound by 9.16 percent, or 65 cents, at $6.47 and Avigen slipped by 0.75 percent, or 1 cent, to $1.33 in after hours trading on ...

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Movers roundup: JDS Uniphase, Reddy Ice - Financial News USA (press release)


Movers roundup: JDS Uniphase, Reddy Ice
Financial News USA (press release)
Shares jumped $4.79, or nearly 10 percent, to $54.62 in after-hours trading. The have closed the regular session up $1.69, or 3.5 percent, at $49.83. ...

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Sinclair Broadcast Sees Exponential Volume Alert (SBGI)

Sinclair Broadcast Group Inc. (NASDAQ: SBGI) is seeing a volume surge, as well as a toll surge, on its debt news.  The ad-troubled company has reached a care to clear soured around $438 meg in convertible notes with new debt with a NGO representing whatever holders of convertible senior notes cod in May-2010 and January-2011. The company will clear most $0.90 to $0.935 per $1.00 by issuing new notes die in 2014 that are to be secured by a second lien on the assets which secure its bank credit facility.  Average volume per period is only most 490,000, yet at 10:30 AM EST we have already seen 1.7 meg shares trade hands.  Shares were up 34% at $2.89 at the instance stamp and the 52-week trading range is $0.85 to $7.66. Today’s volume will modify up existence the most active since its 3.95 meg shares on July 14 when shares fell by most 25% to $1.10.  -JON OGG


CRM provider sees surprise jump in pr... - Learning Markets


CRM provider sees surprise jump in profit; CRM, QSFT
Learning Markets
Following the announcement of the results, the stock was up 8.45% in the after hours trading on the New York Stock Exchange. Get trade ideas, charts, ...

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BEFORE THE BELL -2: US HOT STOCKS TO ... - Wall Street Journal


BEFORE THE BELL -2: US HOT STOCKS TO WATCH
Wall Street Journal
But shares jumped 11% to $8.80 in after-hours trading as the chip-design software company's results topped its forecast. ...

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Brocade Getting Broken (BRCD)

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading lower after it beat earnings estimates at $0.12 EPS vs. $0.11 estimates, but $493.3 meg in revenues was lighten than expected.  The CEO said that predicting a recovery is like grabbing water… Sometimes saying less is better than more…. At 8:47 AM EST we have seen 1.6 meg shares change hands and the stock was down most 6.8% at $7.50 after approaching yesterday at $8.05. This drop this morning is on the heels of over 661,000 shares having traded after the close Thursday.  Average volume here is 15 meg shares and the 52-week high is $9.02. -JON OGG


Expiration Manuevers: GOOG, AIG 1000%... - istockAnalyst.com (press release) (press release)


Expiration Manuevers: GOOG, AIG 1000% Profits In One Day!
istockAnalyst.com (press release) (press release)
In after-hours trading yesterday, GOOG shares already charged higher to $448 on no apparent news. Today, GOOG shares unsealed above $450 and never looked back ...

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Expiration Manuevers: GOOG, AIG 1000%... - istockAnalyst.com (press release)


Expiration Manuevers: GOOG, AIG 1000% Profits In One Day!
istockAnalyst.com (press release)
In after-hours trading yesterday, GOOG shares already charged higher to $448 on no apparent news. Today, GOOG shares opened above $450 and never looked back ...

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