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Ken flagg's Blog Posts Tagged 'Apr' (55)

SMF Notes Morning Call: Global stocks sink after Japan raises the severity level of its nuclear crisis; Jun S&Ps down -7.20; Apr German ZEW economic sentiment falls to a 4-month low.

Tuesday, April 12, 2011

Overnight Developments

•Global stocks are lower with the European Euro Stoxx 50 index down -1.12% and June S&Ps down -7.20 points at a 2-week low. Stock prices retreated after Tokyo Electric Power said its crippled Fukushima Dai-Ichi power plant might release more radiation than Chernobyl and after German investor confidence… Continue

Added by ken flagg on April 12, 2011 at 11:47am — No Comments

SMF Notes HGSI Human Genome: EU decision possible Apr 15; monthly US patient calculator says 2011 achievable -

RBC Capital says their analysis suggests CHMP decision most likely on: March 18, April 15 or May 20. They believe GSK is approaching day 150 in the 210 day review. FDA Approval likely by March 10th. Firm says discussions with lupus KOLs suggest label likely non-restrictive, with no long term impact on commercial uptake. When they model new patient starts by month (assuming cost of $35K and monthly discontinuation rates of 3-5%), it requires only a ramp of 60 new… Continue

Added by ken flagg on February 7, 2011 at 9:12am — No Comments

VXX Late day global & sector ETF movers-- VIX still leads late & Semis continue to lag late

The Actively Traded Leading Global & Sector ETFs:

VIX vol index- VXX +8.0%, VXZ +3.25%, livestock commods- COW +1.50%, heating oil- UHN +1.50%, RBOB gas- UGA +1.25%, US bonds- TLT +1.0%, gold- GLD +1.0%, commods- DBC +0.75%, GSG +0.75%, gold miners- GDX +1.0%, iShares Chile- ECH +1.0%, crude/WTI oil- USO +0.75%, OIL +0.75%, silver- SLV +0.75%, SPDRS utilities- XLU +0.75%, ag commods- DBA +0.75%

The Actively Traded Lagging Global &… Continue

Added by ken flagg on April 30, 2010 at 10:51pm — No Comments

INSID Weekly Insider Trading Summary: Notable Purchases

This week we've seen notable insider buying in the following stocks:

* Immucor (BLUD) 10% Owner ValueAct Capital Managment bought 693,403 shares at $21.31-21.45 on 4/27-4/29

* VMware (VMW) EMC, pursuant to stock purchase program, bought 74,916 shares at $60.80-63.34 on 4/23-4/29

* Westport Innovations (WPRT) 10% Owner K. Douglas bought 200,000 shares at $18.80-18.92 on 4/26-4/27

* WHX Corp. (WXCO) 10% Owner Steel Partners… Continue

Added by ken flagg on April 30, 2010 at 10:48pm — No Comments

VXX 1st hour global & sector ETF movers-- VIX leads & Oil Driller lag through the 1st hour

SMF Traders pay attention to what you have been taught

The Actively Traded Leading Global & Sector ETFs:

VIX vol index- VIX +2.50%, gold miners- GDX +1.75%, silver- SLV +1.25%, homebuilders & home construction- XHB +0.75%, ITB +0.75%, gold- GLD +1.0%, iShares Chile- ECH +0.75%, airlines- FAA +0.75%, biotech- XBI +0.75%, IBB +0.50%, US bonds- TLT +0.75%

The Actively Traded Lagging Global & Sector ETFs:

oil… Continue

Added by ken flagg on April 30, 2010 at 12:36pm — No Comments

ECONX Chicago PMI Reports Manufacturing Is Strengthening

The Chicago PMI increased from 58.8 to 63.8 in April, exceeding expectations by 3.9 points. The report was an extremely positive representation of the manufacturing sector in the Midwest . Gains were noticed in every subcategory except for inventories, which fell from 52.4 to 50.1 but remained in an expansion cycle. Production increased from 60.5 to 63.1 and new orders increased from 61.8 to 65.2. Most importantly, order backlogs increased from 54.3 to… Continue

Added by ken flagg on April 30, 2010 at 11:57am — No Comments

WYNN Wynn Resorts beats by $0.12, beats on revs; announces $0.25 quarterly dividend (93.15 +4.38)

Reports Q1 (Mar) earnings of $0.26 per share, $0.12 better than the Thomson Reuters consensus of $0.14; revenues rose 22.8% year/year to $908.9 mln vs the $849.8 mln consensus. The revenue increase was driven by a 31.6% increase in revenues at Wynn Macau and a 9.3% revenue increase from our Las Vegas operations. Our total cash balances at March 31, 2010 were $1.8 billion. Total debt outstanding at the end of the quarter was $3.3 billion, including… Continue

Added by ken flagg on April 29, 2010 at 10:30pm — No Comments

NFLX Netflix beats by $0.05, reports revs in-line; guide

Reports Q1 (Mar) earnings of $0.59 per share, $0.05 better than the Thomson Reuters consensus of

$0.54; revenues rose 25.3% year/year to $493.7 mln vs the $493.1 mln

consensus. Co issues mixed guidance for Q2, sees EPS of $0.62-0.73 vs.

$0.68 Thomson Reuters consensus; sees Q2 revs of $517-525 mln vs.

$516.21 mln Thomson Reuters consensus. Co issues in-line guidance for

FY10, sees EPS of $2.41-2.63 vs. $2.51 Thomson… Continue

Added by ken flagg on April 29, 2010 at 10:13pm — No Comments

SMF Market Internals -Update-

The S&P 500 is up +1.4% to 1208, the Nasdaq is up 1.3% to 2504 and the Dow is up 1.3% to 11184. Action has come on above avg volume (NYSE 552 mln vs avg of 458 mln; NASDAQ 1.40 bln vs avg of 1.08 bln), with advancers outpacing decliners (NYSE advancers/decliners 2172/786, NASDAQ advancers/decliners 1677/926) with new highs outpacing new lows (NYSE new highs/new lows 210/6, and NASDAQ new highs/new lows 141/5).

ETF relative… Continue

Added by ken flagg on April 29, 2010 at 9:53pm — No Comments

DNDN Dendreon: FDA confirms a Cellular Immunotherapy for men with advanced prostate cancer

FDA confirms it has approved Dendreon's Provenge (sipuleucel-T), a new therapy for certain men with advanced prostate cancer that uses their own immune system to fight the disease. The effectiveness of Provenge was studied in 512 patients with metastatic hormone treatment refractory prostate cancer in a randomized, double-blind, placebo-controlled, multicenter trial, which showed an increase in overall survival of 4.1 months. The median survival for… Continue

Added by ken flagg on April 29, 2010 at 3:16pm — No Comments

First solar Braking out in A over bought saturation 10 & 20 MA moving wider apart good move!!

Added by ken flagg on April 29, 2010 at 10:20am — No Comments

First Solar: Color on qtr (128.13)

Kaufman notes last night FSLR reported 1Q10 revenues of $568 mln and EPS of

$2.00. This was significantly above consensus forecasts for revs of $546 mln

and EPS of $1.65. The better-than-anticipated results were driven by strong

demand across all of Europe , better pricing and increased manufacturing

throughput. Given the better-than-expected results in 1Q and the increased

visibility provided by the… Continue

Added by ken flagg on April 29, 2010 at 9:50am — No Comments

SMF Gapping up

In reaction to strong earnings/guidance: IRBT +22.9%, GMET +16.3% (light volume), BIDU +15.1%, NENG +13.8% (also filed for a $40 mln mixed shelf offering), SFI +10.4%, ILMN +10.3%, AKAM +9.9%, AXTI +8.8%, MOT +8.4%, TLCR +8.0% (light volume), GTI +7.7%, DRAD +7.1%, CSCX +7.1% (also comments on FDA AED recall communication), FSLR +6.9% (also upgraded to Outperform at Robert W. Baird, upgraded to Buy from Hold at Deutsche Bank), TSRA +6.8%, OMX +6.2%… Continue

Added by ken flagg on April 29, 2010 at 9:15am — No Comments

IDCC Interdigital Comm misses by $0.12, reports revs in-line (28.35 -0.13)

Reports Q1 (Mar) earnings of $1.09 per share, $0.12 worse than the Thomson Reuters consensus of $1.21; revenues rose 64.6% year/year to $116.2 mln vs the $116.8 mln consensus. Co states, "Regarding the sequential increase in operating expenses from fourth quarter 2009, approximately $6 million of that increase relates to increases in arbitration and litigation expenses, an adjustment to the company's long-term compensation accrual and seasonal… Continue

Added by ken flagg on April 29, 2010 at 7:52am — No Comments

GG Goldcorp misses by $0.03, misses on revs (42.64 +1.63)

Reports Q1 (Mar) earnings of $0.22 per share, excluding non-recurring items, $0.03 worse than the Thomson Reuters consensus of $0.25; revenues rose 20.1% year/year to $750.3 mln vs the $847.5 mln consensus. Revenues increased 20% over Q1 2009 on gold sales of 569,100 ounces. Total cash costs for the quarter were $325 per ounce on a by-product basis and $433 per ounce on a co-product basis. The co said that construction of Pueblo Viejo in the Dominican… Continue

Added by ken flagg on April 29, 2010 at 7:50am — No Comments

Nice trade Senior traders at SMF

BIDU Baidu.com surges over 80 points upon resumption of trading (621.38 +1.27) -Update-

Added by ken flagg on April 29, 2010 at 7:49am — No Comments

OII Oceaneering Intl misses by $0.03, misses on revs;

Reports Q1 (Mar) earnings of $0.71 per share, $0.03 worse than the Thomson Reuters consensus of $0.74; revenues were unchanged from the year-ago period at $435.2 mln. Co issues in-line guidance for Q2, sees EPS of $0.80-0.85 vs. $0.85 Thomson Reuters consensus. Co reaffirms guidance for FY10, sees EPS of $3.25-3.55 vs. $3.45 Thomson Reuters consensus. Co says "Looking longer term, our belief that the oil and gas industry will continue to invest in… Continue

Added by ken flagg on April 29, 2010 at 7:44am — No Comments

BIDU Brean Murray initiates the China Internet advertising sector

Brean Murray initiates the China Internet advertising sector. They expect stellar growth in online advertising this year on the back of a 30%+ expansion in client budgets. They expect market leaders to further separate themselves from the pack and continue to capture a disproportionate amount of spending. The firm initiates Baidu (BIDU) with a Buy and an $800 tgt, Sina (SINA) with a Buy and a $50 tgt and Sohu (SOHU) with a Hold.

Added by ken flagg on April 28, 2010 at 8:36am — No Comments

SLAB Silicon Labs beats by $0.07, beats on revs; guides Q2 revs above consensus

Reports Q1 (Mar) earnings of $0.62 per share, excluding non-recurring items, $0.07 better than the Thomson Reuters consensus of $0.55; revenues rose 51.4% year/year to $126.7 mln vs the $123.4 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $131-135 mln vs. $128.23 mln Thomson Reuters consensus. Strong performance for the quarter was led by the company's broad-based products, which were up 11 percent sequentially. Strength in… Continue

Added by ken flagg on April 28, 2010 at 8:32am — No Comments

After Hours Summary: RFMD +3.8% on earnings; BRCM +2.2 earnings/guidance

Companies trading higher in after hours in reaction to earnings: RFMD +3.8%, BRCM +2.2%, LIFE +1.2%... Companies trading lower in after hours in reaction to earnings: BWLD -20.5%, AMAG -13.5%, RHI -10.0%, MTW -7.5%, CNXT -7.2%, PMTC -5.3%, FLEX -3.7%, PNRA -3.5%, AMKR -3.0%, PNC -2.2%.

Added by ken flagg on April 28, 2010 at 5:51am — No Comments