These are this Thursdayâs 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.Â The company forecast that Q3 revenues will be $285 to $310 million and non-GAAP revenue $300 to $320 million.Â The company sees 2010 revenue âwell belowâ the $1.6 to $1.8 billion forecast.Â 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.Â You could see 75 million to 100 million shares trade hands today.
Blockbuster Inc. (NYSE: BBI) is far from being a blockbuster.Â Â The movie rental leader posted a loss of $435 million in the fourth quarter.Â Canât you just feel the love.Â There has also been a downgrade to SELL from Janney Montgomery Scott.Â Shares are down 9.4% at $0.33 at 8:55 AM EST.
salesforce.com (NYSE: CRM) is up despite some cautious headlines.Â After looking at the estimates, the company did beat earnings and lift guidance.Â As always, excessive stock valuations are always a concern here.Â At 8:57 AM EST we have seen only 23,000 shares trade hands and the stock is up 1.2% at $70.27.Â 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.Â 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.Â The stock closed at $14.90 on Wednesday and shares are up 8.4% at $16.15 on 170,439Â shares as of 8:57 AM EST.
First Solar, Inc.Â (NASDAQ: FSLR) is feeling the heat all over again.Â 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.Â 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.Â 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.Â Shares closed at $12.69 and down 2.8% at $12.33 on 59,750 as of 8:57 AM EST.
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JON C. OGG