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Top Earlybird Active Trader Alerts (ADI, BCSI, CHS, DELL, EK, FSLR, NYX, PLAB, REGN, SPLS, SRZ)
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We have many stocks on the move this morning, some on earnings and some on other news. The top movers and shakers featured by 24/7 Wall St. this morning are as follows: Analog Devices, Inc. (NYSE: ADI); Blue Coat Systems Inc. (NASDAQ: BCSI); Chico’s FAS Inc. (NYSE: CHS); Dell Inc. (NASDAQ: DELL); Eastman Kodak Co. (NYSE: EK); First Solar, Inc. (NASDAQ: FSLR); NYSE Euronext, Inc. (NYSE: NYX); Photronics Inc. (NASDAQ: PLAB); Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN); Staples, Inc. (NASDAQ: SPLS); and Sunrise Senior Living, Inc. (NYSE: SRZ).
We have compiled the news summaries and the moves on each.
Analog Devices, Inc. (NYSE: ADI) is lower after reporting a rise in third quarter profits but warning that Q4 will be weak due to global uncertainty. Shares closed at $31.35 and shares are down about 2% at $30.78.
Blue Coat Systems Inc. (NASDAQ: BCSI) is getting crushed after it is forecasting a loss or gain of -$0.04 to $0.04 EPS versus estimates of $0.20 and higher. It has also been downgraded or seen target cuts at many brokerage firms in research calls. Shares are down 24% at $13.30, under the 52-week low of $14.91 and versus a $17.68 close yesterday.
Chico’s FAS Inc. (NYSE: CHS) is up after reporting a 42% rise in earnings and word that it is making an acquisition of a retailer in Florida. Shares are up over 7% at $13.50 in pre-market trading.
Dell Inc. (NASDAQ: DELL) beat on the bottom line but turned in light revenues and guidance was light on sales as well. Shares are down close to 6% at $14.85 or so this morning on active volume.
Eastman Kodak Co. (NYSE: EK) may be worth more in a breakup according to Bloomberg as it discusses $3 billion value for the patents alone. Shares are indicated up more than 10% above $2.50 this morning.
First Solar, Inc. (NASDAQ: FSLR) is down on news that one of its top executives named Jens Meyerhoff is leaving the company after September 30. Shares are down about 3% at $101.75 this morning.
NYSE Euronext, Inc. (NYSE: NYX) is getting a bit of a bounce of 2.3% to $27.15 after a substantial loss on Tuesday after Merkel and Sarkozy proposed a financial transaction tax of some sort. Shares were as high as $28.52 yesterday and closed down at $26.54.
Photronics Inc. (NASDAQ: PLAB), which manufactures photomasks for the chip sector, managed to post earnings gains and shares are responding handily. Shares closed at $5.62 and the pre-market trading is up 9% at $6.13 on thin volume.
Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) is down on news that the FDA is extending its review of EYLEA (aflibercept injection) by three months. Shares are down almost 5% at $54.68 in pre-market trading.
Staples, Inc. (NASDAQ: SPLS) is getting a big bounce after the office supplies retailer beat earnings and managed to forecast solid results ahead too. This one has been sold off big from highs and shares are up about 8.5% at $15.43 on active pre-market volume.
Sunrise Senior Living, Inc. (NYSE: SRZ) popped last night and is indicated higher this morning after Jim Cramer on CNBC’s MAD MONEY said that it is a small and under-followed speculative company that could potentially make homegamers a lot of money. Shares closed at $6.84 and the stock is indicated up around $7.25 this morning.
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JON C. OGG
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