Wednesday, November 25, 2009

Halliburton Net Clipped by Pemex Slowdown - TheStreet.com


Halliburton Net Clipped by Pemex Slowdown
TheStreet.com
Shares of Halliburton shares fell 47 cents in after-hours trading to $29.99. It closed up 2 cents on Tuesday to $30.46. Follow TheStreet.com on Twitter and ...

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Tuesday, November 24, 2009

Japan Economy Expand Faster Thanks To China Exports (TM, HMC, 6305, EWV, PJO, EWJ) - Benzinga


Japan Economy Expand Faster Thanks To China Exports (TM, HMC, 6305, EWV, PJO, EWJ)
Benzinga
However, Toyota is pushing forward in after hours trading rising 0.59%. Hitachi Construction Machinery Corp. is down 0.24% to 2075 Yen in the Tokyo Market ...


AFTER THE BELL-EMC shares slip on reorganization, charge - Reuters UK


AFTER THE BELL-EMC shares slip on reorganization, charge
Reuters UK
NEW YORK, Nov 24 (Reuters) - EMC Corp (EMC.N) shares fell more than 1 percent in extended trading on Tuesday after the company said its board approved a ...

and more »

Indonesian Exporters Threatened by Rupiah at 9000, Groups Say - Bloomberg


Indonesian Exporters Threatened by Rupiah at 9000, Groups Say
Bloomberg
Oil on the New York Mercantile Stock Exchange has risen 70 percent this year and traded at $75.97 per barrel in after-hours trading. ...

and more »

AFTER THE BELL-EMC shares slip on reorganization, charge - Reuters UK


AFTER THE BELL-EMC shares slip on reorganization, charge
Reuters UK
NEW YORK, Nov 24 (Reuters) - EMC Corp (EMC.N) shares fell more than 1 percent in extended trading on Tuesday after the company said its board approved a ...

and more »

Halliburton: Pemex reductions to hurt 4Q profit - The Associated Press


Halliburton: Pemex reductions to hurt 4Q profit
The Associated Press
Halliburton shares fell 81 cents to $29.65 in after-hours trading Tuesday after closing at $30.46, up 2 cents on the day.

and more »

How Low Can TiVo Subs Go? - NewTeeVee (blog)


How Low Can TiVo Subs Go?
NewTeeVee (blog)
... net revenue of $56.9 million for the quarter and reported a net loss of $6.7 million. Shares in the company were down three cents in after hours trading.

and more »

BEFORE THE BELL: US Stock Futures Inch Up Before GDP Data - Wall Street Journal


BEFORE THE BELL: US Stock Futures Inch Up Before GDP Data
Wall Street Journal
But earnings excluding items and revenue beat analysts' expectations, and shares rose 1.7% in after-hours trading. American Woodmark Corp. ...

and more »

Origin Agritech Day Two (SEED)

Origin Agritech Limited (NASDAQ: SEED) is continuing yesterday’s surge on a genetic corn approval.  At 8:43 AM EST we have already seen 1.45 million shares trade hands and the stock is up 7% at $11.19.  Shares had been up as high as $11.40 in earlier indications but that is pre-market and won’t count unless the trades happen during hours as the prior 52-week range is $1.70 to $10.58.  This one effectively doubled in price yesterday and traded a whopping 45 million shares.  Its market cap after the double is $235 million.

JON OGG


BEFORE THE BELL: US Stock Futures Inch Up Before GDP Data - Wall Street Journal


BEFORE THE BELL: US Stock Futures Inch Up Before GDP Data
Wall Street Journal
But earnings excluding items and revenue beat analysts' expectations, and shares rose 1.7% in after-hours trading. American Woodmark Corp. ...

and more »

PC: Now it stands for price cuts - Globe and Mail


PC: Now it stands for price cuts
Globe and Mail
The challenges Even though HP topped many analyst estimates, its stock price dropped slightly in after-hours trading. The company raised its quarterly ...


US-BUSINESS Summary - Washington Post


US-BUSINESS Summary
Washington Post
Shares of HP fell slightly in after-hours trading. (Reuters) - The US Federal Reserve this month asked nine banks that were part of "stress tests" conducted ...

and more »

Monday, November 23, 2009

HP triples stock buy-back plan - FT Alphaville (blog)


HP triples stock buy-back plan
FT Alphaville (blog)
After HP reported Q4 net profit of $2.4bn up from $2.1bn a year ago, its shares fell slightly in after-hours trading. Earlier this month, HP announced a ...

and more »

Kinder Morgan expects to pay $4.40 annual dividend - The Associated Press


Kinder Morgan expects to pay $4.40 annual dividend
The Associated Press
Shares of Kinder Morgan rose 22 cents to $56.85 in after-hours trading, after gaining 64 cents during the regular session to close at $56.63.

and more »

Hewlett-Packard Fourth-Quarter PC Sales Top Estimates - Bloomberg


Hewlett-Packard Fourth-Quarter PC Sales Top Estimates
Bloomberg
Hewlett-Packard, based in Palo Alto, California, fell 27 cents to $50.75 in after-hours trading, after climbing 98 cents to $51.02 at 4 pm on the New York ...

and more »

AFTER THE BELL-Rambus jumps after court case update - Interactive Investor


AFTER THE BELL-Rambus jumps after court case update
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

and more »

Hewlett-Packard Fourth-Quarter PC Sales Top Estimates - Bloomberg


Hewlett-Packard Fourth-Quarter PC Sales Top Estimates
Bloomberg
Hewlett-Packard, based in Palo Alto, California, fell 14 cents to $50.88 in after-hours trading, after climbing 98 cents to $51.02 at 4 pm on the New York ...

and more »

STOCKS NEWS US-AFTER THE BELL-Hewlett-Packard shares down - Forbes


STOCKS NEWS US-AFTER THE BELL-Hewlett-Packard shares down
Forbes
Shares of Hewlett-Packard fell 1 percent after the close on Monday after it posted results. Hewlett-Packard Co reported quarterly earnings rose 14 percent, ...

and more »

Netlist Losing Hype (NLST)

Netlist Inc. (NASDAQ: NLST) is losing its way.  Last week was actually a very large surprise after seeing it rise after an apparent and false fall from grace.  But maybe reality is setting in that stocks don’t usually rise from under $1.00 in the penny stock category up to over $7.00.  It would be easy to throw the rationale out, but Netlist is a purely trader-driven stock now that ebbs and flows with the direction that the money goes in and out of it.  Shares today have traded over 12.2 million shares at 3:50 PM EST and the market cap is $129 million.  A dollar-weighted average of $6.70 day (mid-point of $6.10 to $7.30) shows that $81.7 or so traded in share price volume.  That is not an exact number, but is close enough and gives you a feel for how much stock traded versus what is really out there.  It traded more than its whole float on Friday.

As of the most recent balance sheet, Netlist had close to $16.5 million in cash and investments and a net tangible assets of almost $21.6 million.  Its revenues last quarter were almost $6.45 million.

As we have noted, this one feels a lot like K-Tel from the 1990’s.

JON OGG


Hewlett's Triples Stock Repurchase Plan - New York Times


Hewlett's Triples Stock Repurchase Plan
New York Times
Shares of HP fell slightly in after-hours trading. HP, a hardware and technology services company that is a bellwether for informational technology spending ...

and more »

Coffee Merger Trifecta (DDRX, GMCR, PEET)

Diedrich Coffee, Inc. (NASDAQ: DDRX) is soaring on a ceffeinated buyout offer.  Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR)) confirmed that it has submitted a proposal to acquire Diedrich Coffee for $30.00 per share in a transaction with a total enterprise value of approximately $247 million.   Diedrich announced that its board of directors had determined that the Green Mountain offer constituted a superior proposal over the offer from Peet’s Coffee & Tea, Inc. (NASDAQ: PEET) and Diedrich also announced today that is has received a revised offer from Peet’s.

The new $30.00 per share in cash has no financing and no due diligence contingencies that will be through cash on hand and existing bank lines of credit.  This offer represents a 47% premium to the closing market price of Diedrich common stock on November 2, 2009 and a 15% premium over the original cash and stock proposal from Peet’s.  Here are the moves at 8:55 AM EST:

DDRX is up 27% at $33.20 on 92,000 shares
GMCR is down only 0.5% at $64.71 on 6,000 shares
PEET is down 2.5% at $37.07 on 8,2000 shares

JON C. OGG


BEFORE THE BELL: US Stk Futures Up After Talks By Fed's Bullard - Wall Street Journal


BEFORE THE BELL: US Stk Futures Up After Talks By Fed's Bullard
Wall Street Journal
Cadbury shares rose 1.4% to $53.55 in after-hours trading, while Hershey slipped 0.5% to $37 and Kraft declined 0.6% to $27. United Parcel Service Inc.'s ...

and more »

Terra rejects revised offer from CF Industries - TopNews United Kingdom (blog)


TopNews United Kingdom (blog)

Terra rejects revised offer from CF Industries
TopNews United Kingdom (blog)
CF has been chasing Terra since January, while fending off a hostile bid from Canada-based Agrium Inc. In the after-hours trading, shares in Terra gained ...

and more »

Australian Stocks Rise on Metal Prices, James Hardie Forecast - Bloomberg


Australian Stocks Rise on Metal Prices, James Hardie Forecast
Bloomberg
The precious metal reached a record after climbing for a seventh straight session in after-hours trading today to as much as $1165 an ounce. ...

and more »

Australian Stocks Rise on Metal Prices, James Hardie Forecast - Bloomberg


Australian Stocks Rise on Metal Prices, James Hardie Forecast
Bloomberg
The precious metal reached a record after climbing for a seventh straight session in after-hours trading today to as much as $1165 an ounce. ...

and more »

Sunday, November 22, 2009

One Equity, Nokia Bid On Some Nortel Assets - Ethio Planet News


One Equity, Nokia Bid On Some Nortel Assets
Ethio Planet News
Shares of Ciena closed down 3 percent at $13.60 on the Nasdaq but rose 40 cents in after-hours trading. (Reporting by Anupreeta Das; Editing by Carol ...

and more »

Asian stocks advance on rising metal prices - Sydney Morning Herald


Asian stocks advance on rising metal prices
Sydney Morning Herald
The precious metal climbed for a seventh straight session in after-hours trading today to as much as $US1,164.60. A measure of six industrial metals traded ...

and more »

One Equity, Nokia Bid On Some Nortel Assets - Ethio Planet News


One Equity, Nokia Bid On Some Nortel Assets
Ethio Planet News
Shares of Ciena closed down 3 percent at $13.60 on the Nasdaq but rose 40 cents in after-hours trading. (Reporting by Anupreeta Das; Editing by Carol ...

and more »

FDA OKs Abilify for autism-linked irritability - BusinessWeek


FDA OKs Abilify for autism-linked irritability
BusinessWeek
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

Commodities: Oil Down, Gold Up - International Business Times Australia


Commodities: Oil Down, Gold Up
International Business Times Australia
By Aireview Oil prices slipped nearly 1% to below $US77 a barrel on Friday in the US, but then regained some ground in late after hours trading to end the ...


FDA OKs Abilify for autism-linked irritability - BusinessWeek


FDA OKs Abilify for autism-linked irritability
BusinessWeek
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

Copper seen retreating on weak data after surge - SteelGuru


Copper seen retreating on weak data after surge
SteelGuru
It drifted lower to USD 6857.50 in after hours trading. 2. LME copper stood at USD 6910 per tonne when the Shanghai market closed. 3. ...


Saturday, November 21, 2009

FDA OKs Abilify for autism-linked irritability - BusinessWeek


FDA OKs Abilify for autism-linked irritability
BusinessWeek
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

Biggest Technology Losers were DELL, LOGM, ADCT : by Penny Stock Pick alert - Emailwire


Biggest Technology Losers were DELL, LOGM, ADCT : by Penny Stock Pick alert
Emailwire
Its shares fell sharply in after-hours trading as its guidance came in below analyst expectations. The company said it expects sales of $250 million to $275 ...

and more »

Biggest Technology Losers were DELL, LOGM, ADCT : by Penny Stock Pick alert - Emailwire


Biggest Technology Losers were DELL, LOGM, ADCT : by Penny Stock Pick alert
Emailwire
Its shares fell sharply in after-hours trading as its guidance came in below analyst expectations. The company said it expects sales of $250 million to $275 ...


Biggest NASDAQ Losers were ADCT, EFUT, BOFL : by Penny Stock Pick alert - Emailwire


Biggest NASDAQ Losers were ADCT, EFUT, BOFL : by Penny Stock Pick alert
Emailwire
Its shares fell sharply in after-hours trading as its guidance came in below analyst expectations. The company said it expects sales of $250 million to $275 ...

and more »

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

Friday, November 20, 2009

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

UPS To Raise Rates An Average Of 4.9% In 2010 - Wall Street Journal


UPS To Raise Rates An Average Of 4.9% In 2010
Wall Street Journal
UPS's shares slid 0.5% to $57.23 in after-hours trading. The stock has gained 17% in the past year. (Updates throughout with additional background, ...

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Baffling Netlist… Resembling K-Tel (NLST)

Netlist, Inc. (NASDAQ: NLST) is beyond amazing… It is becoming baffling how much this stock has run after all of its HyperCloud related trading gains.   We had noted each morning how Netlist’s chart had become a drunkard that would probably ebb and flow after its inflection point had been hit with 25 million shares on Monday and a $6.24 close from $4.47 on the Friday before.  This was not even $1.00 early last week.  It looks like the inflection point may be today.. or now maybe next week.  All we can say is that Netlist is pulling a KTEL for those of you who who were trading in the late 1990’s.  At 3:35 PM EST today we have shares going nuts and they took out the 52-week highs of $6,87 from Monday.  The highs today took it out and then some by hitting as high as  $7.98. Shares are now back down at $7.33 and up 29.3% on a whopping and unbelievable 29,193,054 shares.  This is a day trader’s dream.  Or a nightmare.

JON C. OGG


Moody's downgrades Sprint rating - The Associated Press


Moody's downgrades Sprint rating
The Associated Press
Shares of Sprint Nextel shed 2 cents to $3.74 in after-hours trading, after losing 9 cents to $3.76 during the regular session.

and more »

DryShips Options Pull on Offering (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is seeing some options activity that stands out today, although it is a bit muted by our count considering that the $300 million convertible note offering was juiced up to $400 million and considering the share lending agreement with Deutsche Bank.  The action is almost irrelevant in NOV-2009, but the December action is where the options trading looks to be today.  The calls are first, and the puts are second.

DEC$    Volume    OpInt.
6.00    2,923    11,666
7.00    9,576    28,535
8.00    3,480    44,912

DEC$    Volume    OpInt.
5.00    1,463    8,528
6.00    4,484    14,286
7.00    1,445    21,313

There have been 5,662 contracts trade in the NOV-2009 $6.00 CALLS (in the money) versus an open interest of 11,341 contracts.  The other trading noted was in the March-2010 $7.00 CALLS saw 4,589 contracts trade hands versus an open interest of 7,153 contracts.  Interestingly enough, neither one of these seem to be huge bets about hedging on the notes.

JON OGG


Big Bullish Options Bet in B of A (BAC)

Bank of America Corp. (NYSE: BAC) has seen an absolute massive butterfly call spread for January 2011 as 50,000 January $20 and $40 calls are bought for $1.94, and 100,000 $30 calls are sold at $0.37, so a $1.20 debit, expecting shares to nearly double over the next year and volatility to come down a bit.  Shares are struggling to get above the 50 day EMA here, but this trade is a big institution looking for financials to continue to  flourish  in a low interest rate environment.  A trade of this magnitude is notable, and is also a bullish signal that a large institution is staying bullish the US markets.

For whatever it is worth, there were reports mid-week that billionaire hedge fund operator John Paulson had implied a $29.81 price target for Bank of America out in 2011.

Joe Kunkle, OptionsHawk.com


Despite Taking a Beating, Intel Is Still Attractive - Minyanville.com


Despite Taking a Beating, Intel Is Still Attractive
Minyanville.com
The shares took a pummeling after the announcement in after-hours trading and I have to admit I think it deserved a slap for the performance. ...


Bank of Florida postpones public offering - Bizjournals.com


Bank of Florida postpones public offering
Bizjournals.com
After the postponement was announced, they fell an additional 12 cents to 87 cents in after-hours trading. Its stock traded at $1.54 the day the public ...

and more »

Morning business news - Nov 20 - RTE.ie


Morning business news - Nov 20
RTE.ie
The disappointing figures sent shares down by 7% in after-hours trading. Dell says it expects revenues in the fourth quarter to improve. ...

and more »

DryShips Huge Overhang (DRYS)

DryShips Inc. (NASDAQ: DRYS) priced and increased the size of its prior announced offering from $300 million to $400 million in convertible notes issued at PAR with an interest rate of 5% and with an initial conversion price for the convertible notes of $7.19 per share.  In short, overhang and dilution.  That could unload another 55 million shares equivalent or so if this stock rallies again.  DryShips shares are down almost 4% at $6.28 at 8:34 AM EST on 1.25 million shares.  Average volume is almost 25 million shares.  We won’t bother with a 52-week range because you already know this one is the king of volatility.

JON OGG


ADC lost $19.2M in 4Q; guidance disappoints - BusinessWeek


ADC lost $19.2M in 4Q; guidance disappoints
BusinessWeek
Its shares fell sharply in after-hours trading as its guidance came in below analyst expectations. ADC, which supplies network equipment, software and other ...

and more »

Wall St drops on fresh recovery concerns - Livemint


Wall St drops on fresh recovery concerns
Livemint
Dell's stock fell 6.6% to $14.82 in after-hours trading. On Nasdaq, it had closed at $15.87. Thursday's market sell-off was broad-based, with all but four ...

and more »

Friday Newspaper Review - Irish Business News and International Stories ... - FinFacts Ireland


FinFacts Ireland

Friday Newspaper Review - Irish Business News and International Stories ...
FinFacts Ireland
Dell's shares tumbled more than 6 percent to $14.87 in after-hours trading, after closing down about 1 percent at $15.87 on Thursday. Since Michael S. Dell, ...

and more »

Thursday, November 19, 2009

Investors looking for safer assets cause stocks to tumble - Kansas City Star


Investors looking for safer assets cause stocks to tumble
Kansas City Star
Dell shares slid 6 percent in after-hours trading. As stocks fell, investors flocked to the dollar and Treasuries. The yield on the three-month T-bill, ...