These are this morningâs top day trader and active trader alerts seen in early pre-market trading.Â We have offered the moves, a news summary, and brief color on each for trading references where applicable.
Zumiez, Inc. (NASDAQ: ZUMZ) shares are surging as a winner in cold weather themes after it said February same-store sales rose by more than 11%.Â Shares are indicated up almost 12% at $17.90 on only about 8,000 shares as of 8:30 AM EST.
China Armco Metals, Inc. (NASDAQ: CNAM) is surging to new highs this morning after it entered into a scrap steel supply contract with a major China Steel producer.Â The deal is valued up to $100 million this year.Â Its market cap was only about $53 million before the news-pop.Â Â Shares closed at $5.30 yesterday and at 8:30 AM EST we have shares up 41% at $7.51 on 55,000 shares.Â Average volume is only about 109,000 and the old 52-week range (3-month only) was $3.00 to $5.90.
Petsmart Inc. (NASDAQ: PETM) is hitting new 52-week highs after the pet retail destination beat earnings and gave a strong outlook.Â The old 52-week trading range was $16.17 to $28.10 and the shares are up 10.6% at $30.65 on about 50,000 shares as of 8:31 AM EST.
Medivation, Inc. (NASDAQ: MDVN) has been trading all over the place this morning after yesterdayâs biotech implosion on its failed Phase III Alzheimerâs study.Â We had seen a gain of almost 2% earlier but shares are down about 0.2% more at $13.07 at 8:28 AM EST on about 138,000 shares.
Fuel Systems Solutions, Inc. (NASDAQ: FSYS), a maker of alternative fuel components and systems, said Q4 earnings were $1.12 EPS vs. $0.98 expected; Revenue was $164 million vs. Thomson Reuters estimate of $158 million.Â 2010 guidance looks in-line to better as well.Â Shares are up 5% at $29.69 on 75,000 shares as of 8:29 AM EST.
Suntech Power Holdings Co., Ltd. (NYSE: STP) is up after it beat earnings estimates: Q4 earnings were $0.27 EPS vs. $0.11 expected; Revenue rose almost 40% to $584 million vs. $470 million or so expected.Â Shares are up 6% at $14.50 on 250,00 shares as of 8:29 AM EST.
Urban Outfitters Inc. (NASDAQ: URBN) is up after earnings rose by about 90% and after it exceeded analyst estimates; lower taxes helped, but it also had record sales and rising margins. Shares are up almost 5% at $34.99 on almost 30,000 shares as of 8:27 AM EST.
Ciena Corporation (NASDAQ: CIEN) is getting spanked on light earnings today after Q1 earnings fell short at -$0.12 EPS against Thomson Reuters estimates of -$0.06 EPS.Â The telecom equipment player said revenue was up 5% to about $176 million, short of the $185+ million expected.Â Shares are down 8.25% at $13.35 on almost 600,000 shares as of 8:28 AM EST.Â Shares had been down under $13.00 earlier this morning.
You can join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.
JON C. OGG