Hillsboro Argus - OregonLive.com
Hillsboro Argus - OregonLive.com
It dropped 24 cents in after-hours trading following the merger announcement. Viasystems' circuit-boards can be found in vehicle dash panels and controls, ...
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Alcoa, Inc. (NYSE: AA) is trading up 4% at $13.97 today ahead of tomorrow’s earnings. At 3:20 PM EST we have seen some 34 million shares trade hands, which is only an average day’s trading volume. But we are seeing elevated call option trading ahead of tomorrow’s earnings report. Here is the volume and open interest data for the selected OCT-2009 CALL and PUT strike prices:
CALLS   Volume   OpInt.
$14.00Â Â Â 28,328Â Â Â 56,582
15.00Â Â Â 10,049Â Â Â 55,084
16.00Â Â Â 12,852Â Â Â 6,745
PUT$   Volume   OpInt.
$12.50Â Â Â 12,469Â Â Â 25,712
$14.00Â Â Â 6,782Â Â Â 18,141
It is assumed that the bets are that the company is finally on the path to resuming earnings, and the notion that gold is soaring has put a bid in under the rest of the major metals companies.
JON C. OGG
NutriSystem Inc. (NASDAQ: NTRI) is surging on word that it scored an introductory 14-day pact with Wal-Mart Stores Inc. (NYSE: WMT) at retail and locations and the walmart.com site. Full details are at 24/7 Wall Street but the stock closed at   $15.05 today. As of 5:11 PM EST we have shares up almost 15% at $17.30 on over 150,000 shares in the after-hours session. Average daily volume is only 352,000 shares and the 52-week high is $18.30. -JON OGG
Capital One Financial Corp. (NYSE: COF) was raised to the Conviction Buy List at Goldman Sachs. This replaces Fifth Third Bancorp. (NASDAQ: FITB), although FITB was maintained as a BUY rating as well. Interestingly, both shares are higher. Capital One is up 4% at $34.52 on 66,000 shares at 9:00 AM EST, while Fifth Third is up 1.6% at $9.51 on about 25,000 shares. It is very rare for a stock getting booted off that Conviction Buy List to rise, even if the underlying sentiment and call remains positive on the replaced stock. Watch for volume to rise sharply in these as the specialist opens more and more shares up for trading closer to the 9:30 AM EST Opening bell. JON OGG