Shares of jewelers Blue Nile Inc. (NILE) and Fuqi International Inc. (FUQI) materialize to be rising on speculation that recent stock price declines on fears of slack demand for luxury items may be overdone. Citigroup upgraded shares of Blue Nile to Buy from Hold, citing reasonable earnings estimates, citing in part greater price flexibility given that polished diamond prices are down 12 to 15 percent year-over-year. Shares are up 9 percent, trading at about 70 percent of average daily volume as of 11:15 Eastern. The upgrade and pricing observation also may be benefiting small-cap play Fuqi, based in China. Its shares are up more than 7 percent to $16.86, already trading more than its average daily volume. — Mike Tarsala
Tuesday, July 14, 2009
Janus selling new stock, convertible debt - MarketWatch
MarketWatch
... amount of the firm's outstanding 2011, 2012 and 2017 senior notes in a tender offer. Janus shares fell 11% to $9.96 during after-hours trading on Tuesday.
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Diamond plays see morning volume spike (NILE, FUQI)
Shares of jewelers Blue river Inc. (NILE) and Fuqi International Inc. (FUQI) appear to be rising on speculation that recent stock toll declines on fears of slack demand for luxury items haw be overdone. Citigroup upgraded shares of Blue river to Buy from Hold, citing commonsensible earnings estimates, citing in part greater toll flexibility given that polished diamond prices are down 12 to 15 percent year-over-year. Shares are up 9 percent, trading at about 70 percent of average daily volume as of 11:15 Eastern. The upgrade and pricing observation also haw be benefiting small-cap play Fuqi, based in China. Its shares are up more than 7 percent to $16.86, already trading more than its average daily volume. — Mike Tarsala
CORRECT:3rd UPDATE: Take-Two Cuts FY09 View On BioShock Delay - Wall Street Journal
Wall Street Journal
After resuming after-hours trading, Take-Two shares were down 11% at $8. The shares rest up about 40% in the past quaternary months but down more than ...
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CORRECT:=3rd UPDATE: Take-Two Cuts FY09 View On bioshock Delay - Wall Street Journal
Wall Street Journal
After resuming after-hours trading, Take-Two shares were downbound 11% at $8. The shares remain up about 40% in the time four months but downbound more than ...
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Why health care stocks are ones to watch early (HNT, AET, HUM, UNH)
Several health insurance provider shares could see volume spikes in Tuesday trading. A shift in healthcare service contracts for the U.S. expeditionary is shifting billions in potential revenue.
HealthNet Inc. (NYSE: HNT) shares fell most 15 percent after hours to less than $12 when the expeditionary replaced its services with Aetna Inc. (NYSE: AET) in a renewal of a contract for expeditionary personnel in the north. The renewal is worth most $16.7 billion for Aetna.Â
Humana Inc. (NYSE: HUM) shares fell most 4 percent after hours to $29.26. The expeditionary replaced its services with United Health Group Inc. (NYSE: UNH) in a contract renewal in the south, worth most $21.8 billion for UnitedHealth. — Mike Tarsala
PREMARKET ALERT: Noven Pharmaceuticals (NOVN)
Noven Pharmaceuticals Inc. (Nasdaq: NOVN) shares are up more than 20 percent to $16.50 in early premarket volume after it agreed to be bought by Hisamitsu Pharmaceutical for $428 million in cash or $16.50 per share. The deal was unanimously approved by the boards of both companies. Also, Noven announced what it called positive top-line results from its Phase 2 clinical think evaluating Mesafem for the treatment of vasomotor symptoms associated with menopause. — Mike Tarsala
BEFORE THE BELL: US Stk Futures Off Highs After Goldman Data - Wall Street Journal
Wall Street Journal
Shares fell 21% to $1.46 in after-hours trading. Bank of the chain Inc.'s (OZRK) second-quarter profit rose 10% on gains from the sales of investment ...
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Munster: A guide to Apple's guidance - CNNMoney.com
CNNMoney.com
It’sa game the company plays every quarter, but the market never seems to learn; Apple’s shares usually take a hit in after-hours trading. ...
CIT in `Active' Talks for US Aid as Bonds Plummet Before Debt Maturity - Bloomberg
Bloomberg
The shares rose to $1.69 in after hours trading following a Wall Street Journal report that said US officials are “in advanced talks†about aid for CIT, ...
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Monday, July 13, 2009
CIT in 'Active' Talks With Government for Aid as Bonds Tumble - Bloomberg
Bloomberg
The shares rose to $1.69 in after hours trading following a Wall Street Journal report that said US officials are “in advanced talks†about aid for CIT, ...
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Dell says computer demand has stabilized - Austin American-Statesman
Austin American-Statesman
After the announcement, the stock declined an additional 47 cents to $12.55 a share in after-hours trading. Analyst Ashok Kumar with Collins Stewart said ...
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CIT Group Shares Surge In After Hours On Report Of Rescue Talks - RTT News
RTT News
(RTTNews) - Shares of troubled commercial lender CIT Group, Inc. (CIT: News ) surged in after hours trading on Monday after the Wall Street Journal reported ...
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Dell says demand for products is stabilizing - ITworld.com
ITworld.com
Dell's shares on the Nasdaq fell most 4 percent in after-hours trading, to $12.55. The announcement came ahead of Dell's analyst conference to be held on ...
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Novellus Q2 lags Street view, shares slide - Reuters India
Reuters India
O: Quote, Profile, Research) on Monday posted a wider than expected loss, pushing its shares more than 3 percent lower in after-hours trading. ...
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CIT Group, Inc. ( NYSE : CIT ) Stands On Precipice - HotStocked
HotStocked
HotStocked
Closing trading on Thursday at $1.86, CIT opened on Friday at a severley diminished $1.35, closing the day at $1.53, with after hours trading showing ...
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Banking stocks are the premarket sector to watch (BAC, GS, C)
Several banking stocks are benefiting early Monday from noted financial bear Meredith Whitney’s bullish comments on the sector.
Bank of America (NYSE: BAC) shares are up about 5 percent to $12.50 on premaket volume of 3 million shares, after the analyst said BofA is the cheapest of the banking names, based on her analysis of tangible book value.
Also rising are shares of Goldman Sachs Group (NYSE: GS), up about 4 percent to $147 on volume of nearly 250,000 shares, after it was upgraded to Buy from Neutral by Meredith Whitney Advisory Group.
Other stocks in the group also are seeing increased volumes in the early going.
Whitney, a former analyst at Oppenheimer & Co. became well known for being one of the only bearish analysts on the banking sector back in 2007, making timely calls on stocks including Citigroup (NYSE: C). She has since started her possess analytical firm, and today is publicizing her firm’s bullish views on individual stocks in the sector for the first time. — Mike Tarsala
VOLUME ALERT: Oculus Innovative Sciences (OCLS)
Oculus Innovative Sciences Inc. (Nasdaq: OCLS) shares are up more than 5 percent on volume of 37,000 shares near the open. The company this morning said OroScience will exclusively market Oculus’ Microcyn-based oral products in the U.S., Canada and dweller markets. Terms of the revenue-sharing commendation were not disclosed.– Mike Tarsala
Singapore bunkers surpass Hong Kong prices - bunkerworld (subscription)
bunkerworld (subscription)
Crude oil prices, meanwhile, were retreating in after-hours trading on Monday after closing 0.86% lower on Friday. Light sweet crude for August contract ...
Asian stocks down Monday morning - Business Day
Business Day
Crude oil fell 1% in after-hours trading, extending July 10's 0.9% drop. Daiichi Sankyo gained 2.8% to 1710 yen. Prasugrel, a drug developed by the company ...
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