Top Day Trader Alerts (ANF, AKNS, ABK, AIG, CTIC, IS, HD, NFLX, SPRD, WMT)

Today’s top day trader and active trader alerts are somewhat tied to earnings, but many movers are not on earnings.  Today’s cast of characters includes Abercrombie & Fitch (NYSE: ANF), Akeena Solar, Inc. (NASDAQ: AKNS), Ambac Financial Group Inc. (NYSE: ABK), American International Group, Inc. (NYSE: AIG), Cell Therapeutics, Inc. (NASDAQ: CTIC), Fidelity National Information Services (NYSE: FIS), Home Depot, Inc. (NYSE: HD), Netflix, Inc. (NASDAQ: NFLX), Spreadtrum Communications, Inc. (NASDAQ: SPRD), and Wal-Mart Stores, Inc. (NYSE: WMT).  The news and the moves are listed below with color on each where applicable.

Abercrombie & Fitch (NYSE: ANF) is up even though the apparel retailer said its loss narrowed in Q1 as sales improved.  The apparel retailer loss was wider than analysts expected.  Shares are up 2.3% at $41.74 on thin trading volume.

Akeena Solar, Inc. (NASDAQ: AKNS) is soaring after announcing that it has partnered with Westinghouse to Create Westinghouse Solar.  Shares are up a whopping 50% at $1.40 on over 500,000 shares.  The 52-week range is $0.89 to $1.98.

Ambac Financial Group Inc. (NYSE: ABK) had a disappointing earnings report.  The company said its first quarter loss rose to $690.1 million, up from a loss of $392.2 million a year ago.  Ambac shares were up big from lows this year.  Shares were down 7% at $1.36 on over 1 million shares so far this morning.

American International Group, Inc. (NYSE: AIG) is trading up on thin volume this morning.  The AIA sale for Asian operations appears to be on after the Prudential plc rights offering news yesterday.  Shares are up 1.4% at $39.55 on over 10,000 shares in the pre-market.

Cell Therapeutics, Inc. (NASDAQ: CTIC) is up… The news from the company is that Pixantrone was associated with up to a 4-fold reduction in severe cardiac toxicity when compared to Doxorubicin in a CHOP-R regimen.  Shares are up 9.7% at $0.51, although this one has been so volatile in the past that a 9% move may feel like a normal day at the office.

Fidelity National Information Services (NYSE: FIS) is trading down after its private equity deal blew apart.  The company wanted more than the bid and Blackstone has reportedly backed away.  Shares are down almost 6% at $27.20 on about 600,000 shares this morning.

Home Depot, Inc. (NYSE: HD) is after a disappointing Lowe’s report yesterday. Earnings were up 41% but rather than lowering guidance it raised its 2010 guidance.  Shares are up 1% at $35.91 on over 50,000 shares.

Netflix, Inc. (NASDAQ: NFLX) is down after Best Buy’s online video service is set to debut.  Shares are down 2% at $104.21 on almost 25,000 shares this morning.

Spreadtrum Communications, Inc. (NASDAQ: SPRD) in China said that it made $0.17 adjusted EPS versus a loss last year.  Shares closed at $8.18 yesterday and shares are trading up almost 20% at $9.80 on about 230,000 shares.

Wal-Mart Stores, Inc. (NYSE: WMT) is rare to have as a pre-market most active but it is active after earnings were mixed.  Earnings were $0.88 EPS, up from $0.77 EPS a year ago and up from $0.85 EPS expected from Thomson Reuters.  While guidance is mixed, shares are indicated up marginally.  Shares are up 1% at $53.25 on almost 300,000 shares.

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JON C. OGG

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