Wednesday, November 4, 2009

Wilmington Trust says it is not a CIT creditor - The Associated Press


Wilmington Trust says it is not a CIT creditor
The Associated Press
Its shares rose 7 cents to $12.01 in after-hours trading after closing Wednesday at $11.94, down 11 cents from a day earlier.

and more »

BEFORE THE BELL:US Stk Futures Inch Up After ADP Data - Wall Street Journal


BEFORE THE BELL:US Stk Futures Inch Up After ADP Data
Wall Street Journal
MasTec's shares dropped 4.5% to $11.80 in after-hours trading. Marsh & McLennan Cos. (MMC) swung to a third-quarter profit on sharply lower costs as the ...

and more »

US Dollar Alert: UUP Call Options Blowing Up (UUP)

US Dollar Bullish Index (NYSE: UUP) has gne very active…. It has traded 109,000 calls early on with huge buying at November $23, 96% bought offer side, and already nearly 10X average call volume.  The action comes ahead of the FOMC decision which will be a USD moving event, and this action is looking for a USD rally from the comments, which would likely result in a market sell-off later today, something to be worried about, or at least hedged for, as the positions could easily be tied to other market bets, but the action is worth noting.

-JOE KUNKLE, OptionsHawk.com


Indonesian Stocks Rebound With 1.6% Gain After Mining Surge - Jakarta Globe


Indonesian Stocks Rebound With 1.6% Gain After Mining Surge
Jakarta Globe
The contract was at $79.91 a barrel in after-hours trading as of 4 pm Jakarta time on Wednesday. Mastono said the market did not react to the central bank's ...


American Capital, Screaming Eagle (ACAS)

American Capital, Ltd. (NASDAQ: ACAS) gained 18% to $3.20 in pre-market as one of the large percentage gainers.  We have seen some 375,000 shares as of 8:46 AM EST and the average volume is 6.2 million shares.  The news was that it lost -$0.13 in non-GAAP EPS and had a net income of $0.12 EPS.  The company also reached an agreement with its lending committee to restructure its revolving line of credit facility. The company said the terms may allow it to restructure $2.4 billion in unsecured debt.  This stock was up as much as 29% around the $3.50 mark earlier. -JON OGG


BEFORE THE BELL:US Stk Futures Inch Up After ADP Data - Wall Street Journal


BEFORE THE BELL:US Stk Futures Inch Up After ADP Data
Wall Street Journal
MasTec's shares dropped 4.5% to $11.80 in after-hours trading. Marsh & McLennan Cos. (MMC) swung to a third-quarter profit on sharply lower costs as the ...


Hartford narrows 3Q loss, posts strong core profit - InvestmentNews


Hartford narrows 3Q loss, posts strong core profit
InvestmentNews
In after hours trading, Hartford shares gained $1.20, or 5.3 percent, to $27.50. Before the third-quarter report, the stock closed Tuesday's regular session ...


Kraft faces tougher Cadbury pitch after Q3 results - Forexyard


Kraft faces tougher Cadbury pitch after Q3 results
Forexyard
... revenue and cut its full-year 2009 sales growth forecast to about 2 percent, from 3 percent previously, pushing its shares down in after-hours trading. ...


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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AFTER THE BELL-Novatel Wireless falls - Interactive Investor


AFTER THE BELL-Novatel Wireless falls
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...


Hartford narrows 3Q loss, posts strong core profit - San Luis Obispo Tribune


Hartford narrows 3Q loss, posts strong core profit
San Luis Obispo Tribune
In after hours trading, Hartford shares gained $1.20, or 5.3 percent, to $27.50. Before the third-quarter report, the stock closed Tuesday's regular session ...


Business briefs - New York Post


Business briefs
New York Post
Gold futures for De cember delivery reached an all-time high of $1088.50 an ounce in after-hours trading on the Comex division of the Nymex. ...

and more »

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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STEC Posts Higher Q3 Profit; Issues Q4 View; Shares Fall In After-hours On ... - RTT News


STEC Posts Higher Q3 Profit; Issues Q4 View; Shares Fall In After-hours On ...
RTT News
(RTTNews) - Shares of flash memory storage solutions provider STEC Inc. (STEC: News ) plunged around 32% in the after-hours trading on Tuesday, ...

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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 ...

and more »

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 ...

and more »

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.

and more »

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 ...

and more »

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 ...

and more »

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, ...

and more »

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. ...

and more »

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 ...

and more »

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. ...

and more »

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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Monday, November 2, 2009

Stanley Works To Buy Black & Decker Corp. In All-Stock Deal - Hartford Courant


Stanley Works To Buy Black & Decker Corp. In All-Stock Deal
Hartford Courant
... price â€" a 22 percent premium over Black & Decker's closing price, before the deal was announced. Shares were in the $57 range in after-hours trading.

and more »

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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Tool rivals to join in $4.5 billion deal amid construction slowdown - Washington Post


Tool rivals to join in $4.5 billion deal amid construction slowdown
Washington Post
Black & Decker, which closed at $47.34 on the New York Stock Exchange, climbed 23.7 percent, to $58.55, in after-hours trading. Stanley, which closed at ...

and more »

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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Piedmont Natural Gas Provides FY10 Earnings Outlook - Update - RTT News


Piedmont Natural Gas Provides FY10 Earnings Outlook - Update
RTT News
The company's shares gained more than 4% in the after-hours trading. For fiscal year 2010, the Charlotte, North Carolina-based company forecasts earnings in ...

and more »

Stanley to Buy Toolmaker Black & Decker, Cut Jobs - Bloomberg


Stanley to Buy Toolmaker Black & Decker, Cut Jobs
Bloomberg
Black & Decker jumped 24 percent to $58.47 at 7:24 pm in after-hours trading from a close of $47.34 on the New York Stock Exchange. ...

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XLF: High June-2010 Options Trading (XLF)

There was elevated options activity in the Financial Select Sector SPDR (NYSE: XLF) June put action is picking up as financials sell off and 253,000 puts trade against 81,000 calls in the ETF.  Large trades include a 20,000 contract June $11/$10 put spread and a buyer of 20,000 June $14 puts.  March $14/$11 ratio put spreads are also active on the day.  Near days end 407,000 puts have traded including a 3:35 pm June $14/$10 ratio put spread for 38,500X77,000 contracts looking for volatility to decrease and shares to head lower in the next 8 months.  Large components include BAC, JPM, and WFC.

Joe Kunkle, OptionsHawk.com


AFTER THE BELL-Herbalife jumps after results, forecast - Interactive Investor


AFTER THE BELL-Herbalife jumps after results, forecast
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...


FDA questions role of payments in Zimmer study - The Associated Press


FDA questions role of payments in Zimmer study
The Associated Press
Shares of Zimmer Holdings Inc. fell 4 cents Monday in after-hours trading to $52.73, having closed earlier up 20 cents at $52.77.


Stanley Works to Buy Black & Decker in All-Stock Deal - Bloomberg


Stanley Works to Buy Black & Decker in All-Stock Deal
Bloomberg
Black & Decker jumped 21 percent to $57.49 at 5:28 pm in after-hours trading from a close of $47.34 on the New York Stock Exchange. ...

and more »

Stock/Option Alert: R-I-M (RIMM)

Research-in-Motion Ltd. (NASDAQ: RIMM) shares are weak in a strong tape, down 5.4%, due to a downgrade to Sell at Citigroup.  Implied volatility is up 10% on the day and option traders are active with 93,000 calls and 59,886 puts trading just two hours into trading.  The volume has already surpassed the average daily volume and is mixed between buyers and sellers in both  the  calls and puts.  One notable bullish trade was a new opening buyer at the $0.24 offer for 15,000 March $100 calls that are way out of the money, a lotto ticket type bet.  Most of the other action is retail traders with some looking for a continued move lower and others buying on the dips looking for shares to be defended.  Shares are now trading at a PEG of 0.8X and are historically cheap on an earnings basis for the Blackberry maker.

Joe Kunkle, OptionsHawk.com


Dendreon Rocks Up on Filing (DNDN)

Dendreon Corp. (NASDAQ: DNDN) is trading higher on word from the company that it has filed its new drug application with the FDA for PROVENGE to treat prostate cancer.  The notion of the filing is not new, although many were not expecting this filing to be submitted until later in November or in December.  At 8:44 AM EST we have seen 250,000 shares trade hands and the last print seen was up 6.8% at $27.00 after a $25.27 close on Friday.  Average volume is almost 3 million shares, but it is usually much higher trading volume on days with news.

JON C. OGG


gtx To Provide Update On Pending Toremifene New Drug Application - RTT News


gtx To Provide Update On Pending Toremifene New Drug Application
RTT News
GTXI lost over 10% Friday to close at $8.98. In after-hours trading, the shares further slipped more than 8% to $8.25. by RTT Staff Writer.

and more »

Global chip sales improved in 3rd-quarter but remain below 2008 levels, trade ... - Gaea Times


Global chip sales improved in 3rd-quarter but remain below 2008 levels, trade ...
Gaea Times
The Dallas company also forecast results above Wall Street expectations, and its stock rose more than 2 percent in after-hours trading. ...

and more »

gtx To Provide Update On Pending Toremifene New Drug Application - RTT News


gtx To Provide Update On Pending Toremifene New Drug Application
RTT News
GTXI lost over 10% Friday to close at $8.98. In after-hours trading, the shares further slipped more than 8% to $8.25. by RTT Staff Writer.


gtx To Provide Update On Pending Toremifene New Drug Application - RTT News


gtx To Provide Update On Pending Toremifene New Drug Application
RTT News
GTXI lost over 10% Friday to close at $8.98. In after-hours trading, the shares further slipped more than 8% to $8.25. by RTT Staff Writer.


Saturday, October 31, 2009

Phase Forward posts 3rd-quarter profit decline - Sify


Phase Forward posts 3rd-quarter profit decline
Sify
In after-hours trading, shares fell 36 cents, or 2.8 percent, to $12.67, after shares added 36 cents, or 2.8 percent, to close the regular session at ...

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Bite-size frights - Worcester Telegram


Bite-size frights
Worcester Telegram
There's the animated after-hours trading hunched over tiny shiny packages: a Snickers for a Mars, two Tootsies for the Twizzlers. All that accounts for, oh, ...


Bite-size frights - Worcester Telegram


Bite-size frights
Worcester Telegram
There's the animated after-hours trading hunched over tiny shiny packages: a Snickers for a Mars, two Tootsies for the Twizzlers. All that accounts for, oh, ...