Thursday, February 25, 2010

Top Day Trader Alerts (PALM, BBI, CRM, ESRX, IPXL, FSLR, FITB)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

These are this Thursday’s top day trader and active trader alerts seen in the pre-market session:

Palm Inc. (NASDAQ: PALM) was halted earlier this morning after it lowered guidance.  The company forecast that Q3 revenues will be $285 to $310 million and non-GAAP revenue $300 to $320 million.  The company sees 2010 revenue ‘well below’ the $1.6 to $1.8 billion forecast.  The 52-week range is $5.85 to $18.09 and shares closed at $8.09 Wednesday.

  • UPDATE ON PALM: At 9:41 AM EST shares are down 17% at $6.68 on 16.5 million shares. We have already passed the 12 million shares on average per day mark and it is only 9:42.  You could see 75 million to 100 million shares trade hands today.

Blockbuster Inc. (NYSE: BBI) is far from being a blockbuster.   The movie rental leader posted a loss of $435 million in the fourth quarter.  Can’t you just feel the love.  There has also been a downgrade to SELL from Janney Montgomery Scott.  Shares are down 9.4% at $0.33 at 8:55 AM EST. (NYSE: CRM) is up despite some cautious headlines.  After looking at the estimates, the company did beat earnings and lift guidance.  As always, excessive stock valuations are always a concern here.  At 8:57 AM EST we have seen only 23,000 shares trade hands and the stock is up 1.2% at $70.27.  The 52-week trading range is $26.10 to $75.53 and the average volume is $1.8 million shares.

Express Scripts, Inc. (NASDAQ: ESRX) shares are rising this morning after beating its earnings estimates.  The stock is up 9% at $95.70 on 152,916 shares as of 8:57 AM ESt.

Impax Laboratories Inc. (NASDAQ: IPXL) is trading up this morning as earnings were significantly above estimates.  The stock closed at $14.90 on Wednesday and shares are up 8.4% at $16.15 on 170,439  shares as of 8:57 AM EST.

First Solar, Inc.  (NASDAQ: FSLR) is feeling the heat all over again.  Shares closed at $105.13 yesterday and shares are down 3.8% at $101.12 on 58,475 shares as of 8:57 AM ESt.  The 52-week low is $100.90, so the stock is in danger of hitting new 52-week lows if it does not immediately recovery.  More importantly, the stock could trade in double-digit territory again.

Fifth Third Bancorp (NASDAQ: FITB) is lower this morning after Citigroup downgraded the stock to HOLD in a research note.  Shares closed at $12.69 and down 2.8% at $12.33 on 59,750 as of 8:57 AM EST.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.


No comments:

Post a Comment