Investing
Top Day Trader Alerts (AAN, BIDU, BKS, CTRP, MU, RMBS, RZ)
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There are many stocks on the move this morning. The active trader and day trader alerts seen so far this morning in the pre-market are Aaron’s, Inc. (NYSE: AAN), Baidu, Inc. (NASDAQ: BIDU), Barnes & Noble, Inc. (NYSE: BKS), Ctrip.com International Ltd. (NASDAQ: CTRP), Micron Technology Inc. (NASDAQ: MU), Rambus Inc. (NASDAQ: RMBS), and Raser Technologies, Inc. (NYSE: RZ). We have compiled news or the reason for the moves today and added in color on each if applicable.
Aaron’s, Inc. (NYSE: AAN) is lower after announcing it will close its office furniture division and take charges from closures. It also reduced its earnings guidance. Shares were down 4.4% at $18.40 on last look.
Baidu, Inc. (NASDAQ: BIDU) is trading lower this morning on news that Google Inc. (NASDAQ: GOOG) said it will make a small change to how its users in China access its search service. Baidu shares are down 3.1% at $72.13 in active pre-market trading.
Barnes & Noble, Inc. (NYSE: BKS) is lower after its quarterly loss widened despite stronger-than-expected sales. The outlook was also soft. Shares were indicated down only 1.5% initially but the stock is now down almost 6% and flirting with the $15.50 level after a $16.41 close on Monday.
Ctrip.com International Ltd. (NASDAQ: CTRP) shares were down after an RBS downgrade this morning. Shares were down over 8% around $39.00 on last look although trading volume was rather thin.
Micron Technology Inc. (NASDAQ: MU) is a sell-the-news case. The memory maker posted a Q3 profit on strong sales and an accounting gain tied to its Numonyx acquisition. That profit was $939 million, or $0.92 EPS vs. -$0.37 EPS a year ago and versus Thomson Reuters estimates of $0.43 EPS. That number has items in it. Revenue rose more than 100% to $2.29 billion vs. $1.11 billion a year ago and versus $2.12 billion expected. Shares are down over 6% at $9.39 in active pre-market trading.
Rambus Inc. (NASDAQ: RMBS) was indicated higher last night than this morning’s indications after signing a deal with General Electric Co. (NYSE: GE) to accelerate LED product development via GE’s Appliances & Lighting business. This is for the use of Rambus’ patented lighting innovations for design and process. The weak stock market now has shares “only” up 3.1% at $18.94 on rather thin trading so far.
Raser Technologies, Inc. (NYSE: RZ) is trading up on news that it and Hyundai Heavy Industries announced an agreement for the joint development of renewable energy and electric vehicles. Raser shares are up a sharp 14% at $0.62 on close to 100K shares; the 52-week range is $0.50 to $3.99 and this trades about 900,000 shares per day. The market cap before this morning’s rise was a mere $48 million.
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JON C. OGG
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