Rant About ItRant About ItThe purpose of this blog is to educate every reader including me about trading in stocks by understanding the fundamentals and techicals behind it Articles
Arena Pharmaceuticals Announces Phase 1 Results for APD916 for Narcolepsy w
2010-10-21 01:24:00 Arena Pharmaceuticals , Inc. (ARNA) announced today results from a Phase 1 clinical trial of APD916, a novel drug candidate discovered by Arena that targets the histamine H3 receptor for the treatment of narcolepsy with cataplexy. The randomized, double-blind and placebo-controlled trial evaluated the safety, tolerability and pharmacokinetics of 1 mg, 3 mg and 5 mg single doses of APD916. The trial evaluated 24 healthy volunteers in three cohorts of eight participants each, six randomized to APD916 and two to placebo. APD916 demonstrated dose-proportional pharmacokinetic exposure over the tested dose range. The terminal half-life was approximately 50 hours. Dose-limiting CNS adverse events occurred at the 5 mg dose, including insomnia, abnormal dreams and a nightmare. Adverse events of insomnia, nausea, headache, parosmia, alterations in perception of body temperature, abnormal dreams and visual and tactile hallucinations were commonly reported at the 3 mg and 5 mg doses, and adverse... More About: Results
IPO Scorecard: Update On Selected Initial Stock Offerings
2010-10-21 00:41:00 Company Symbol Percent Current Offer DateMakeMyTrip Ltd MMYT 166% $37.20 $14.00 8-Aug-10HiSoft Technology International HSFT 151% $25.11 $10.00 30-Jun-10Molycorp Inc. MCP 133% $32.63 $14.00 28-Jul-10Qlik Technologies Inc QLIK 123% $22.34 $10.00 15-Jul-10Fabrinet Co. FN 78% $17.84 $10.00 25-Jun-10AutoNavi Holdings Ltd AMAP 54% $19.21 $12.50 1-Jul-10Envestnet ENV 52% $13.70 $9.00 28-Jul-10IntraLinks Holdings Inc. IL 45% $18.80 $13.00 6-Aug-10Green Dot Corporation GDOT 35% $48.77 $36.00 21-Jul-10Ameresco Inc. AMRC 29% $12.86 $10.00 21-Jul-10MediaMind Technologies Inc MDMD 27% $14.01 $11.00 8-Aug-10Daqo New Energy Corp. DQ 27% $12.08 $9.50 7-Oct-10Tesla Motors C... More About: Stock , Update
Verenium Announces Regulatory Approval for Purifine(R) PLC in China
2010-10-21 00:06:00 CAMBRIDGE, Mass., Oct 20, 2010 /PRNewswire via COMTEX/ -- Verenium Corporation (VRNM), a pioneer in the development and commercialization of high-performance enzyme solutions, today announced that Purifine(R) PLC, the Company's novel enzyme specifically developed for the edible oil industry, has received all necessary Chinese government authorizations for sale as a processing aid in the edible oil industry. With this regulatory approval, Verenium now has the ability to sell Purifine(R) PLC in all the major oilseed processing areas of the world, which include Argentina, Brazil, the United States and China . "We are very pleased that Purifine(R) PLC has met China's strict regulatory requirements for sale in that country's large and rapidly growing edible oils market," said Janet Roemer, Verenium's President and Chief Operating Officer. "Purifine(R) PLC continues to gain traction with current and potential customers, and now with this important approval, we can look to ...
Watchlist for 24th September: Sify, Rediff, Make My Trip, Molycorp, China R
2010-09-24 11:18:00 Big spike day. Waiting for 2.50s to short into.Up 56% today. Adding to short watchlist on bigger spike. History of pump and dumps.Top short for me. Shorted it successfully few times. Lets see if it crack 6 wallRecovering its 3 day loss. Will make another attempt towards 26.Do we see 41 again ? Would make for a good short then.Keeps going up...waiting for the selling day!Simply wow. Another beast. Hard to bring it down. Looking for spikes to short into. That strategy has worked well.Adding to watchlist. No play yet. Just watching.Another one going up up and up...waiting for short entry on weakness More About: China , Trip , Make
Daily News: Blockbuster, Abbott Labs, Microsoft, Starbucks, Facebook, Citig
2010-09-23 17:55:00 Blockbuster files for chapter 11 bankruptcy. Blockbuster (BLOKA.PK) announced earlier today that it has filed voluntary chapter 11 bankruptcy. The company said that it reached an agreement with a large group of bondholders to restructure its debt. The recapitalization plan would reduce the company?s debt from $1B to $100M, according to the statement. Blockbuster says it will continue normal operations while it moves through bankruptcy proceedings.Novartis wins approval for MS drug. Swiss pharmaceutical giant Novartis (NVS) won approval from the FDA for its Gilenya drug used to treat multiple sclerosis. It is the first oral drug that will be available to treat the disease. Until now, typical treatments consisted of cumbersome injections and infusions. The market for MS treatments is estimated to be around $8.6B.Abbott recalls bug-tainted baby formula. Abbott Laboratories (ABT) said it is recalling millions of units of its Similac powdered baby formula after two instances of contami... More About: News , Daily , Microsoft , Daily News , Starbucks
Watchlist for 23rd September: Rediff, Virnetx, Origin Agrotech, Radware Ltd
2010-09-23 07:32:00 Beast of a stock. Only short fades below 12. Risky shortShorting big spikes has been a winning trend. Waiting for a bigger spikeTop short. Will be interesting to see if 5 breaks or not.Climbing up daily. Setting up to be a good short soon. Just watching for now5th up day in a row. Time for a breather ? Waiting for 10 to crack!Crazy stock. Makes new highs, then crashes and then makes new highs again. Keeps shorts on the edge. Waiting for a spike to short into though.New based spike. However I don't believe the news was legit to cause a 15% spike. Would love to short on failure to break 9 again.Gearing up for a shorting opportunityGearing up for a shorting opportunityAlso gearing up for a shorting opportunity
Daily News: Deutsche Bank, BA, AIG, Microsoft
2010-09-22 20:23:00 Deutsche Bank dives on profit warning. Shares of Deutsche Bank (DB) are being pummeled in Frankfurt and premarket U.S. trading after Germany's No.1 bank warned it would book a Q3 loss stemming from its purchase of Postbank, and from "the poorer market conditions during the summer months." The warning was part of a prospectus for DB's ?10.2B share sale to pay for the acquisition of up to 30.6% of Postbank's outstanding shares (DB already owns 30% of Postbank). DB -8% premarket.Fed hints at QE 2.0. The Fed reiterated its commitment to near-zero interest rates yesterday, as expected, but opened the door to the possibility of more QE in the near future. In the key amendment to its policy statement, the FOMC shifted its focus from the weak economy to the possibility of disinflation: "The Committee will continue to monitor the economic outlook and financial developments and is prepared to provide additional accommodation if needed to support the economic recovery and to return inflat... More About: News , Daily , Microsoft , Daily News
Top Small Cap Gainers: 21st Sept 2010
2010-09-22 09:49:00 Company nameSymbol Market cap Quote change (%) Last price Volume Zoom Technologies, Inc. ZOOM60.10M28.974.631.87MOld Second Bancorp Inc. OSBC28.10M22.422.021.65MChina New Borun Corp BORN225.99M15.748.78874,833.00QuickLogic Corporation QUIK160.93M13.424.481.07MLookSmart, Ltd. LOOK37.09M12.662.16298,744.00Oncothyreon Inc. ONTY114.09M12.474.42548,248.00Apricus Bioscience Inc APRI30.78M11.632.40294,679.00Oncolytics Biotech, Inc. (USA) ONCY268.45M11.224.36627,899.00BioScrip Inc. BIOS280.64M10.815.231.70M More About: Small
RMCP - Daily Candlesticks
2010-09-22 08:26:00 Crappy OTC pump and dump. Should fade back to 0.40s soon.Disclosure: I am short RMCP More About: Daily , Short Selling
Earnings: Adobe, Darden, Ebay, Cintas
2010-09-22 06:36:00 Providence Service Guides HigherProvidence Service Corp (PRSC) said it expects third quarter earnings of $0.20 to $0.22 per share on revenue of $211.0 million to $215.0 million. The current consensus earnings estimate is $0.06 per share on revenue of $214.9 million for the quarter ending September 30, 2010. The company also said it now expects 2010 earnings of $1.71 to $1.75 per share and revenue to be at the high-end of its previous range of $870.0 million to $900.0 million. The current consensus earnings estimate is $1.59 per share on revenue of $875.9 million for the year ending December 31, 2010.Cintas Raises Earnings GuidanceCintas Corp. (CTAS) said it now expects fiscal 2011 earnings of $1.50 to $1.58 per share and continues to expect revenue of $3.55 billion to $3.75 billion. The company's previous guidance was earnings of $1.50 to $1.58 per share and the current consensus earnings estimate is $1.54 per share on revenue of $3.68 billion for the year ending May 31, 2011.Atlas... More About: Adobe , Ebay
Top Small Cap Gainers: 17th September 2010
2010-09-18 00:44:00 Company nameSymbol Market cap Quote change (%) Last price Volume Chelsea Therapeutics International Ltd. CHTP203.41M22.825.067.77MMindspeed Technologies, Inc. MSPD280.39M16.138.711.85MKenneth Cole Productions KCP302.19M14.7316.59816,092.00Rediff.com India Limited (ADR) REDF119.56M14.574.091.36MUniversal Travel Group UTA92.13M14.324.632.09MMueller Water Products, Inc. MWA469.88M11.763.044.27MThe First Marblehead Corporation FMD240.82M11.682.39504,105.00 More About: Small
Daily News: Arena Pharmaceuticals, Johnson & Johnson, Novell, Rimm, Apple,
2010-09-18 00:41:00 FDA panel rejects Arena's diet drug. An FDA advisory panel dealt Arena Pharmaceuticals (ARNA) a heavy blow, rejecting its proposed obesity drug, lorcaserin, on concerns the drug didn't work well and carried potential safety problems. The FDA will make a final decision on the drug on Oct. 22, and will likely follow the panel's recommendation. To make matters worse, Arena may face investor lawsuits for failing to disclose the drug caused cancer in rats, information which was only revealed in briefing documents prepared by the FDA this week. Pharmaceutical firms have been drawn to the potential blockbuster profits of weight-loss drugs, but have struggled to get FDA clearance; earlier this week, an advisory panel split 8-8 on whether to approve a diet drug from Abbott Laboratories (ABT), and Vivus' (VVUS) drug was rejected by the panel in July. Shares of rival Orexigen (OREX), which also has a diet drug under review, rose 38% yesterday; shares of Arena dropped 42% in after-hours... More About: News , Daily , Apple , Daily News , Johnson
Top Small Cap Gainers: 15th September
2010-09-15 23:59:00 Company nameSymbol Market cap Quote change (%) Last price Volume Fuqi International, Inc. FUQI172.68M24.016.252.35MNeutral Tandem Inc. TNDM403.81M17.1612.221.84MGeokinetics Inc. GOK120.33M15.846.80297,957.00Golden Minerals Company AUMN110.37M15.5311.90387,082.00FormFactor , Inc. FORM437.25M14.628.702.45MOPNET Technologies, Inc. OPNT402.76M12.1418.75589,113.00Uranium Energy Corp. UEC189.50M11.833.122.33M More About: Small
Daily News: Boeing, Citigroup, Arena Pharmaceuticals, BHP, BP, AIG
2010-09-15 23:56:00 Yen plummets on Japanese intervention. The yen tumbled from a 15-year high against the dollar after Japanese monetary authorities intervened in international currency markets for the first time since 2004. Finance Minister Yoshihiko Noda said the country unilaterally sold yen "to check excessive volatility in currency markets," with media reports suggesting Japan's intervention may have exceeded ¥100B ($1.2B). Comments from officials suggest this is a "strong conviction" intervention that could be followed by more action as needed, with 82 yen per dollar appearing to be the line of defense. The yen is -2.8% to 85.40 yen/dollar (6:00 ET), after reaching a high of 82.88 earlier today. Nikkei +2.3%.Boeing likely to lose WTO ruling. The WTO is expected to rule against Boeing (BA) today, finding it received some illegal subsidies from the U.S. The preliminary, confidential finding will come more than a year after the WTO ruled against Airbus in a similar case, and officials may feel pr... More About: News , Daily , Daily News , Citigroup
Seagate, ConAgra Guides Higher, Carnival Below Estimates
2009-09-23 03:19:00 Seagate Technology Guides Higher Seagate Technology (STX) said it now expects fiscal first quarter revenue to be at or slightly above the high-end of its previous guidance range of $2.40 to $2.60 billion. The current consensus estimate is revenue of $2.52 billion for the quarter ending October 3, 2009.ConAgra Foods Raises GuidanceConAgra Foods Inc. (CAG) said it now expects fiscal 2010 earnings to approacth $1.70 per share. The company's previous guidance was earnings of $1.63 to $1.66 per share and the current consensus earnings estimate is $1.66 per share for the year ending May 31, 2010.FactSet Research Systems Guides Above EstimatesFactSet Research Systems Inc. (FDS) said it expects first quarter earnings of $0.73 to $0.75 per share on revenue of $152.0 million to $157.0 million. The current consensus earnings estimate is $0.72 per share on revenue of $152.2 million for the quarter ending November 30, 2009.Brocade Narrows GuidanceBrocade Communications Systems (BRCD) said during... More About: Carnival , Seagate , Earnings
Lincoln Educational, Molex, Ocular Science Raises Guidance
2009-09-22 02:51:00 Ocular Science s Raises and Narrows GuidanceOcular Sciences, Inc (OCLR) said it now expects first quarter revenue of $82.0 million to $87.0 million. The company's previous guidance was revenue of $76.0 million to $84.0 million and the current consensus estimate is revenue of $80.0 million for the quarter ending September 26, 2009.Lincoln Educational Services to Exceed EstimatesLincoln Educational Services Corporation (LINC) said it expects to exceed its previous guidance for third quarter earnings of $0.34 to $0.36 per share on revenue of $134.0 million to $138.0 million. The current consensus earnings estimate is $0.36 per share on revenue of $138.4 million for the quarter ending September 30, 2009.Molex Raises GuidanceMolex Inc. (MOLX) said it expects first quarter earnings of $0.12 to $0.16 per share on revenue of $650.0 million to $665.0 million. The company's previous guidance was earnings of $0.04 to $0.10 per shar eon revenue of $590.0 million to $630.0 million and the curre... More About: Earnings
Stocks I Wish I Had Shorted
2009-09-17 22:36:00 RAME crashed 9% today. Volume faded nicely. Was a good short.NCOC spiked from 75cents to 1.50$ in matter of few days. 100% up move. After topping out at 1.50$, it started selling off. First red day (when stock price when below yesterdays close), it made a good short. The stock followed up this selling with 2 more days of selling. Missed this one completely.LXRX is a biotech stock up on drug news. However got overextended from 1.60$ to $3.50. Another 100%+ move. Unsustainable. Profit taking and short sellers brought it back to reality. Had perfect afternoon fade the very first day of the spike. This led to more panic selling. If support of @2 is breached, this one goes down further.FNET was up on no real news. Up from 1.20$ to 3.60$. 300% move. Unsustainable. Faded in the afternoon the same day it spiked. Similar to LXRX, more selling pressure in the next 2 days. Down 9% today. Missed opportunity. However shares were hard to borrow...AXAS was up on no news other than as an oil play.... More About: Stocks , Charts , Short Selling
Missed Opportunities To Short
2009-09-16 21:39:00 GVBP was classic pump and dump. However no shares were available today to short. Really frustrating and sad to see a classic pump and dump in action and nothing to do about it.EDAP broke past @4.50 support. Was fading all day. Easy short. Missed it completely due to focusing on other trades. Set alerts in the trading tool next time to avoid such misses.DIET another pump and dump. Went straight down into the open. (from @2.6 to @2.2). Did not want to short after it was already down soo much. Just ended up watching. Sucks !! More About: Stock Picks , Opportunities , Short Selling , Short
Fakeouts Stopped Me Out On All Trades
2009-09-16 21:22:00 Buying on round number breaks didnt work out today.Bought CHINA @3.00 hoping the break would last. It never did. Stopped out @2.83Lesson 1: Wait for volume to build up before going long. Fakeout did it for me.Lesson 2: Stuck to my stop loss. Not disappointed about the trade. Plain bad luck. Stop loss was below yesterdays low.Bought JAZZ @10.01 on break of $10, hoping for follow through movement. Couldnt keep above 10, after few tries. Fakeout. Stopped out @9.77.Lesson 1: Good trade idea of waiting for break of 10. Unfortunately didnt hold. No disappointment. Stayed disciplined and got out.Bought OPXA @4.20 and @4.07 = @4.14 average on alert services. Huge sell orders at @4.25 didnt let the stock go higher. Put stop loss at @3.94 (below low of the day). However wouldnt budge of the $4 mark and stayed weak all afternoon. Sold at loss @4.03Lesson 1: Dont follow alert services blindly. Get out sooner if it doesnt act the way it is supposed to, to cut losses even faster. Small losses ok... More About: Stock Picks
Mercer International Pops 50%, but Repros Therapeutics down 14%
2009-08-25 03:00:00 Mercer International (MERC) 52% HIGHER; since announcing it's Q2 results on July 29, share of Mercer have skyrocketed more than 340%.ARIAD Pharmaceuticals Inc. (ARIA) 5% HIGHER; rose after the close on Friday. This morning's report was that ARIAD and its co-plaintiffs announced that the Court of Appeals granted their petition for rehearing 'En Banc' in the Lilly NF-kB patent lawsuit. Shares were up about 2% at $2.17 as many traders sold the news.Electro-Optical Sciences, Inc. (MELA) 19% HIGHER; was a big winner after being featured in this weekend's "unusual suspects" after Barron's highlighted its skin cancer testing. Shares were up 20% at $9.53 ahead of the close and shares hit a new 52-week high above $10.00 earlier in the trading day.Capstone Turbine Corp (CPST) 8% HIGHER; on receiving order worth more than $2 millionRepros Therapeutics (RPRX) 14.0% LOWER; correcting today following a 50% jump on Friday. Shares have fallen below the $1 level today.Titan International (TWI... More About: Stock Picks
After Hour Movers - 18th Aug
2009-08-19 02:44:00 Spreadtrum Communications, Inc. (Nasdaq: SPRD) 22.2% HIGHER; reports a Q2 loss of $0.15 compared to $0.11 profit for the same period last year. Revenue in the second quarter totaled US$16.2 million, representing an increase of 97% from US$8.2 million in 1Q09 and down 60% from US$40.2 million in 2Q08.Vantage Drilling Company (NYSE: VTG) 20.4% LOWER; announced that it intends to offer, subject to market and other conditions, 46,500,000 of its ordinary shares. In connection with this offering, Vantage will grant the underwriters an option to purchase 6,975,000 additional ordinary shares to cover any over-allotments. Vantage intends to use proceeds from this offering, as well as the proceeds from the financing for its Aquamarine Driller, to finance the final construction payment for the Aquamarine Driller, and to use the remainder for general corporate purposes and working capital.Candela Corp. (Nasdaq: CLZR) 15% HIGHER; reports Q4 EPS of $0.02, compared to ($0.10) in the same quarter l... More About: Stock Picks , Earnings , Hour
GreenHunter, China GrenTech Pops As Cardica, LJ International Get Buried
2009-08-14 22:53:00 GreenHunter Energy (Amex: GRH) 70% HIGHER; For the second quarter of 2009, the Company reported net income to common shareholders, including one-time events, of $4.45 million ($0.13 per fully diluted common share) on total revenues of $1.7 million, compared to a net loss of $7.3 million ($0.37 loss per fully diluted common share) on total revenues of $468 thousand in the second quarter of 2008.China GrenTech (Nasdaq: GRRF) 47% HIGHER; reports Q2 EPS of $0.08, 6 cents better than the analyst estimate of $0.02. Revenue for the quarter was $62 million, versus the consensus of $46.93 million.Rentech (AMEX: RTK) 22% HIGHER; upside momentum resumes today. Since receiving approval to modify specs for commercial jet fuel to a 50/50 blend on August 6, shares have surged more than 200%. The stock is trading on extremely heavy volume.Newcastle Investment (NYSE: NCT) 20% HIGHER; continuing higher today following yesterday's break above the $1.00 level. Before... More About: International , Stock Picks , Earnings
Intel, Motorola, Capital One Popped While Yum & Fifth Street Dived
2009-07-16 09:48:00 Alcatel-Lucent shares rose 14%. Merrill Lynch raised its rating on the telecom-equipment maker to buy from neutral, saying the stock is oversold after falling 20% from its recent peak. The broker told clients that its upgrade isn't a call on the quarter, although it does expect a sequential improvement in operating margins through the rest of the year.AllianceBernstein Holding L.P. shares gained 7.9% after being upgraded to buy from hold at Standard & Poor's. "We think results will benefit from a lower headcount and cost controls following cuts in the past year, boosting margins," added analyst Matthew Albrecht in a note to investors. S&P raised its 2009 earnings estimate to $1.34 from 73 cents a share, and increased its price target to $25 from $19.Altera Corp. shares rose 4.6% after the firm reported a second-quarter profit of $47.4 million, or 16 cents a share, down from $98 million, or 32 cents a share, in the year-earlier period. Quarterly revenue was $279.2 million a... More About: Motorola , Intel , Stock Picks , Street , Capital One
Inflation At The Consumer Level Rose By 0.7 Percent
2009-07-16 09:42:00 The market moved broadly higher at the open this morning as positive earnings reports outweighed lack lackluster economic data.The Commerce Department said inflation at the consumer level rose by 0.7 percent last month, slightly higher than the 0.6 percent increase that economists were expecting. It was the biggest one-month gain since a 0.7 percent increase last July. The big jump was seen as a temporary blip, however.Inflation is not expected to be a problem any time soon given a severe recession which is keeping a lid on wage pressures.The Federal Reserve reported production at the nation's factories, mines and utilities fell 0.4 percent last month as the recession crimped demand for a wide range of manufactured goods, including cars, machinery and household appliances. The decline, however, was not as bad as May.Industrial activity posted a revised 1.2 percent drop then, which turned out to be slightly worse than first reported.Oil prices rose to near $61 a barrel as investors ... More About: Consumer , Rose
Tyco Electronics Guide Higher, United Technologies Reaffirms
2009-06-16 02:42:00 Positive GuidanceTyco Electronics Ups GuidanceTyco Electronics Ltd. (TEL) said it now expects third quarter earnings of $0.10 to $0.17 per share, excluding items, on revenue of $2.45 billion to $2.55 billion. The company's previous guidance was earnings of $0.01 to $0.06 per share on revenue of $2.35 billion to $2.45 billion and the current consensus earnings estimate is $0.03 per share on revenue of $2.42 billion for the quarter ending June 26, 2009.O2Micro Guide s Above EstimatesO2Micro International Ltd. (OIIM) said it expects second quarter revenue of approximately $34.0 million. The current consensus estimate is revenue of $26.4 million for the quarter ending June 30, 2009.Inline GuidanceMajesco Entertainment Raises Revenue Guidance to be Inline with EstimatesMajesco Entertainment Company (COOL) said it continues to expect 2009 earnings of $0.10 to $0.14 per share but now expects revenue of $80.0 million to $85.0 million. The company's previous guidance was revenue of $75.0 mi... More About: United , Technologies , Earnings
Jazz Pharma, Maguire Properties Soar, Hartford Plummet
2009-06-15 23:21:00 Jazz Pharma ceuticals Inc.'s ($4.23, +$1.59, +60.23%) sodium oxybate showed meaningful improvement in treating the pain and the main symptoms associated with fibromyalgia in Phase III studies. The company had already announced positive results from the trials late last year, saying preliminary results achieved their endpoints. Maguire Properties Inc. ($1.57, +$0.50, +46.73%), a struggling Los Angeles real-estate investment trust, sold a newly developed office building in Irvine, Calif., for about $160 million, a price representing an estimated 40% discount to its construction cost. Six Flags Inc. (SIXF, $0.15, -$0.11, -42.05%), one of the world's largest amusement-park chains, will be mostly owned by its lenders if a bankruptcy judge approves a deal negotiated between the company and its debt holders. The theme-park company filed for Chapter 11 bankruptcy protection early Saturday amid a mountain of debt topping $2 billion and a looming $300 million payment due to preferred sto... More About: Jazz , Stock Picks
Pops And Drops - Savient, Hoku Lead The Way
2009-06-13 22:09:00 Shares of Savient Pharmaceuticals ($9.28, +$3.35, +56.49%) jumped as the Food and Drug Administration released its briefing documents ahead of a panel meeting Tuesday to discuss approval of gout treatment Krystexxa. Analysts said the FDA comments appeared to be positive. Hoku's ($3.15, -$1.23, -28.08%) fiscal first-quarter loss narrowed despite sharply lower revenue, but the alternative-energy company warned it is having trouble raising capital to continue as a going concern over the next 12 months. William Blair raised its investment rating on Sonic ($3.57, +$0.41, +12.97%) to outperform from market perform, saying the company is well poised to capitalize on the nation's switch to digital television, which is supposed to be completed Friday. Sonic's digital move distribution system, CinemaNow, is an attractive option and the fact that overall digital viewership is increasing should benefit Sonic. KeyBanc raised its rating on TriMas Corp. (TRS, $4.27, +$0.36, +9.21%), a man... More About: Stock Picks , Lead
Lots Of Pops To Buy/Short Into...
2009-06-03 10:19:00 Synthesis Energy Systems, Inc. builds, owns and operates coal gasification plants that utilize its U-GAS fluidized bed gasification technology to convert low rank coal and coal wastes into higher value energy products, such as transportation fuels and ammonia. SYMX is up 102% to 1.42$ on heavy volume on no news. $1.67 is 200dma and key resistance. Above this potential buy. Watch for 1.50$ break. Potential buy/short.Antigenics Inc. (AGEN), is a biotechnology company focused on developing and commercializing technologies to treat cancers and infectious diseases, primarily based on immunological approaches. AGEN is up 70% to $1.53 on heavy volume. This biotech stock is up on positive drug news. No resistance till $2.00. Potential buy.TOP SHIPS INC. is a provider of international seaborne transportation services, carrying petroleum products, crude oil for the oil industry and drybulk commodities for the steel, electric utility, construction and agri-food industries. TOPS is up 53% to $... More About: Stock Picks , Short
Pepsi, United Natural Food Guides Higher, Valero Sees Q2 Loss
More articles from this author:2009-06-03 02:31:00 Positive GuidanceBob Evans Farms Sees Revenue Above EstimatesBob Evans Farms Inc. (BOBE) said it expects fiscal 2010 revenue of approximately $1.78 billion to $1.79 billion. The current consensus estimate is revenue of $1.77 billion for the year ending April 30, 2010.Tessera Technologies Ups GuidanceTessera Technologies Inc. (TSRA) said it now expects second quarter revenue of $59.0 million to $61.0 million. The company's previous guidance was revenue of $46.0 million to $49.0 million and the current consensus estimate is revenue of $47.8 million for the quarter ending June 30, 2009.United Natural Food s Raises Earnings GuidanceUnited Natural Foods Inc. (UNFI) said it now expects fiscal 2009 earnings of $1.34 to $1.38 per share and continues to expect revenue of $3.45 billion to $3.50 billion. The company's previous guidance was earnings of $1.28 to $1.36 per share and the current consensus earnings estimate is $1.31 per share on revenue of $3.49 billion for the year ending July 31... More About: Guides , Pepsi 1, 2, 3, 4, 5, 6, 7 |
 |
|
 |
