Tuesday, November 3, 2009

Paul Kangas' Stocks in the News - Nightly Business Report


Paul Kangas' Stocks in the News
Nightly Business Report
After the close, the company came out with third quarter earnings, $0.55, down from $0.91 and in after hours trading, the stock fell nearly $1 from that ...

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AFTER THE BELL-Myriad Genetics shares fall after results - Interactive Investor


AFTER THE BELL-Myriad Genetics shares fall after results
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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Earnings: Kraft profit tops estimates, but revenue falls short of expectations - Chicago Tribune


Earnings: Kraft profit tops estimates, but revenue falls short of expectations
Chicago Tribune
In after-hours trading Tuesday evening, Kraft's stock was trading at $26.73, down almost 3 percent. The report comes as a Monday deadline approaches for ...

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AFTER THE BELL-Myriad Genetics shares fall after results - Interactive Investor


AFTER THE BELL-Myriad Genetics shares fall after results
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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Tw telecom swings to 3Q profit from loss - The Associated Press


Tw telecom swings to 3Q profit from loss
The Associated Press
Shares of tw fell 47 cents, or 3.6 percent, to $12.76 in after-hours trading, having closed earlier up 47 cents at $13.23.

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Kraft profit falls but co. raises outlook for year - Atlanta Journal Constitution


Kraft profit falls but co. raises outlook for year
Atlanta Journal Constitution
Kraft shares fell 82 cents, or nearly 3 percent, to $26.72 in after-hours trading Tuesday which, if it continues, could complicate the value of the deal.


Con-way cautious after earnings miss; shares fall - Reuters


Con-way cautious after earnings miss; shares fall
Reuters
N) said it expects "formidable" economic conditions to affect earnings growth in the near term, and its shares fell 2.2 percent in after-hours trading. ...


Sun Microsystems Active on E.U. Roadblock (ORCL, JAVA)

We have already covered in depth how the European Union may have thrown in another roadblock on the Oracle Corp. (NASDAQ: ORCL) acquisition of Sun Microsystems Inc. (NASDAQ: JAVA).  This has caused over 1.04 million shares to trade hands in JAVA stock as of 5:18 PM EST.  The stock closed at $8.35 today, and the stock is still down 2.6% at $8.13.  At one point after the news broke we had as much as an 8% drop.


AFTER THE BELL-Myriad Genetics shares fall after results - Interactive Investor


AFTER THE BELL-Myriad Genetics shares fall after results
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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MasTec To Pay $150M For Precision Pipeline >MTZ - Wall Street Journal


MasTec To Pay $150M For Precision Pipeline >MTZ
Wall Street Journal
Mastec's shares dropped 4.5% to $11.80 in after-hours trading. The stock has climbed 46% in the past year. The five-year notes will be sold to qualified ...


Human Genome on 52-Week Highs Yet Again (HGSI)

Human Genome Sciences Inc. (NASDAQ: HGSI) was lower this morning and had been off our radar as a result after yesterday’s huge moves.  Yet at 1:30 PM EST we have just hit the virtual double on average daily volume.  Shares are up 8% at $27.34 on about 16.2 million shares versus and average volume of over 8 million shares.  This one traded 13 million shares on each last Thursday and Friday ahead of the event, but yesterday’s volume was a whopping 41+ million shares for a 35% gain.  We have also seen over 60,000 CALLS trade for NOV-2009 alone, which is 6 million shares on a fully leveraged basis.  This is a fraction of yesterday’s volume but this yet another 52-week high today.  Shares are at $27.48 and the intra-day high was $27.52.  Yesterday’s high was a 52-week high as well, and that was at $26.21.  For reference, that is a high back to early 2002.

JON C. OGG


Asian stocks fall on stimulus concern, UBS loss - Business Standard


Asian stocks fall on stimulus concern, UBS loss
Business Standard
Zijin Mining rose 1.6 per cent to HK$7.78 after gold futures in New York gained 1 per cent in after-hours trading. Prices jumped 1.3 per cent to $1054 an ...

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Big 3 on slow road back - Calgary Herald


Big 3 on slow road back
Calgary Herald
In after-hours trading, Ford stock dropped 4% from a US$7.58 close after the automaker confirmed its US factory workers overwhelmingly rejected a new labour ...

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AFTER THE BELL-Ford shares down - Interactive Investor


AFTER THE BELL-Ford shares down
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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AFTER THE BELL-Ford shares down - Interactive Investor


AFTER THE BELL-Ford shares down
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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OPTIONS ALERT: Wells Fargo (WFC)

Wells Fargo & Company (NYSE: WFC) has seen a flurry of PUT OPTIONS activity today.  It has traded about 123,000 puts and 17,589 calls as of 11:20am, with put volume nearly 3X average daily volume already.  Of this volume more than 75% of it has been bought at the offer, bearish bets.  The majority of the volume is due to large ratio put spreads in January, as the $26/$21 ratio put spread is being bought, 31,000 $26 puts against 62,000 $21 puts.  The action comes a day after large bearish bets were being made in June for the Financials (XLF), of which Wells Fargo is a large component.  The main worry with Wells Fargo is that it will need to raise capital in the near future as it is attempting to rely on earnings to repay the TARP.  The Company will be presenting this Friday in Boston at 10am at the Bank Analysts Association.  The ratio put spread is also a bet against volatility, although Wells has traded in a very tight range for months and is already less volat ile than its counterparts.

-JOE KUNKLE, OptionsHawk.com


Stanley Works will acquire Black & Decker - Construction Digital


Stanley Works will acquire Black & Decker
Construction Digital
Black & Decker shares rose almost 20 percent in after-hours trading, while Stanley shares jumped 2.6 percent. The deal is expected to close in early 2010, ...

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Stanley Works to acquire Black & Decker in $4.5B deal - Bizjournals.com


Stanley Works to acquire Black & Decker in $4.5B deal
Bizjournals.com
Black & Decker shares jumped $10.06, or 21.25 percent, to $57.40 in after-hours trading Monday. That topped a 52-week high of $52.49. ...

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AFTER THE BELL-Ford shares down - Interactive Investor


AFTER THE BELL-Ford shares down
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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Other Rail Stocks Chasing Buffett (BNI, UNP, CSX, NSC, KSU)

We have already covered the news that Berkshire Hathaway Inc. (NYSE: BRK-A) is acquiring Burlington Northern Santa Fe Corporation (NYSE: BNI). But this news has many of the other railroad stocks popping early on the news.  At 8:12 AM EST we have CSX Corp. (NYSE: CSX) up 8% at $46.30 on over 200,000 shares. Norfolk Southern Corp. (NYSE: NSC) is up almost 7% at $49.85 on about 68,000 shares. Kansas City Southern (NYSE: KSU) is up 11% at $26.75,but on little volume.  Buffett also owns a stake of Union Pacific Corp. (NYSE: UNP), which is up over 6% at $58.71.  We’d expect that Buffett will sell that Union Pacific stake and you can likely forget about Buffett buying another rail player because of antitrust issues that could come into play. This acquisition does et the valuation bar higher for the sector, but it would tale other players to buy these besides Buffett. -JON OGG


Asian Stocks Fall on Stimulus Concern, UBS Loss; Suzlon Slumps - Bloomberg


Asian Stocks Fall on Stimulus Concern, UBS Loss; Suzlon Slumps
Bloomberg
Zijin Mining rose 1.4 percent to HK$7.77 after gold futures in New York gained 1 percent in after-hours trading. Prices jumped 1.3 percent to $1054 an ounce ...


AFTER THE BELL-Ford shares down - Interactive Investor


AFTER THE BELL-Ford shares down
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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Asian Stocks Fall on Stimulus Concern, UBS Loss; Suzlon Slumps - Bloomberg


Asian Stocks Fall on Stimulus Concern, UBS Loss; Suzlon Slumps
Bloomberg
Zijin Mining rose 1.4 percent to HK$7.77 after gold futures in New York gained 1 percent in after-hours trading. Prices jumped 1.3 percent to $1054 an ounce ...

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Stanley Works To Buy Black and Decker Corp. In All-Stock Deal - Trading Markets (press release)


Stanley Works To Buy Black and Decker Corp. In All-Stock Deal
Trading Markets (press release)
Shares were in the $57 range in after-hours trading. Stanley shares closed at $47.34, up 12 cents on the New York Stock Exchange Monday. ...

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AFTER THE BELL-Ford shares down - Interactive Investor


AFTER THE BELL-Ford shares down
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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Best Buy taps Novato firm for online distribution - Contra Costa Times


Best Buy taps Novato firm for online distribution
Contra Costa Times
Shares in Sonic Solutions, which have traded between 57 cents and $6.60 over the past year, were $5.24 in after-hours trading Monday. ...

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