Investing

Top Day Trader Alerts (APL, BWLD, DJSP, DRYS, EK, HGRD, SIMG, S)

Day traders and active traders have many stocks on the move to choose from this Wednesday.  Some of the top percentage movers and standout stocks are Atlas Pipeline Partners, L.P. (NYSE: APL), Buffalo Wild Wings Inc. (NASDAQ: BWLD), DJSP Enterprises, Inc. (NASDAQ: DJSP), DryShips, Inc. (NASDAQ: DRYS), Eastman Kodak Co. (NYSE: EK), Health Grades Inc. (NASDAQ: HGRD), Silicon Image Inc. (NASDAQ: SIMG), and Sprint Nextel Corp. (NYSE: S).

Atlas Pipeline Partners, L.P. (NYSE: APL) is the top NYSE winner after announcing the sale of its Elk City facilities to Enbridge Energy Partners, L.P. (NYSE: EEP) for $682 million in cash: Atlas Pipeline will pay-off its $422 million secured term loan and repay about $250 million of its revolving credit facility, and that leaves about $340 million of liquidity under its credit line and an outstanding balance of about $40 million.  Atlas shares are up almost 30% at $16.00 on 175,000 shares.  That is a new 52-week high as the prior range was $5.43 to $14.99.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) is burning the mouths of the bears this morning with hot sauce.  Shares are up after it beat earnings due to cost cuts and also because of the World Cup.  Keep in mind that had recently seen a large cut after guidance in a prior report.  Shares are up 7.2% at $43.80 on about 30,000 shares,  Average volume is only 535,000 shares and the 52-week range is $34.33 to $52.99.

DJSP Enterprises, Inc. (NASDAQ: DJSP) is the biggest loser this morning.  The company reported an increase in file volumes but it is indefinitely suspending providing financial guidance and withdrew its previous guidance for 2010.  Shares are down 16.3% at $4.00, a new 52-week low under the prior 52-week range of $4.66 to $13.65.  Average volume is only about 275,000 shares.

DryShips, Inc. (NASDAQ: DRYS) is also slightly  up on the move on volume ahead of today’s earnings report.

Eastman Kodak Co. (NYSE: EK) posted a narrower loss, but not by enough.  The loss was -$0.51 EPS vs. -$0.32 estimates and the revenue fell by another 11% to $1.56 billion versus estimates of $1.67 billion.  Shares are down 6.5% at $4.61 on about 30,000 shares.  Average volume is 9 million shares and the 52-week range is $2.87 to $9.08.

Health Grades Inc. (NASDAQ: HGRD) is surging on being acquired by Vestar Capital Partners’ affiliates for $8.20 per share. Shares are up 28.5% at $8.15 on 70,000 shares versus a 52-week range of $3.99 to $7.89.

Silicon Image Inc. (NASDAQ: SIMG) is the big winner so far this morning.  The company had a surprise profit as its second quarter revenue and earnings blew past estimates.  Shares are up 15% at $3.86 on relatively thin volume of about 10,000 shares.  The 52-week range is $2.06 to $4.06 and average volume is about 685,000 shares.

Sprint Nextel Corp. (NYSE: S) is on the move after it managed to beat earnings but the troubled wireless laggard is still losing money.  Q2 earnings were -$0.15 EPS vs. -$0.20 estimates from Thomson Reuters.  Revenue was also down over 1% at $8.02 billion, which is in-line with expectations.  Based on its outlook, shares are up 8.9% at $5.26 on 13 million shares.  Keep in mind that Sprint Nextel is now actually very close to a 52-week high as the 52-week range is $2.78 to $5.31.

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JON C. OGG

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