Archive for the ‘Financial Stocks’ Category

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CIMT jets ahead, C, BAC hold own, SMT down on downgrade

Wednesday, November 10th, 2010

Cimatron Limited (NasdaqCM: CIMT) stood out amid all the initial gloom on Wednesday, gaining 68.54 percent in price to $3.00 in the first trading hour. Volume broke away from its three-month daily restraints of 6,132 and crowded the half-million mark to begin the day. The Israeli-based provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries announced third-quarter revenues were up 26% from the same quarter last year.

Citigroup (NYSE: C) proved the volume leader early Wednesday, trading in 107,771,989 shares in the first hour. The banking group even managed to forge ahead in price by 0.47 percent to $4.32.

Bank of America Corporation (NYSE: BAC) traded in 48,192,182 shares in the first hour Wednesday, compared to a daily three-month average of 193,972,000. BAC shares inched up 0.16 percent to $12.29.

Smart Technologies Inc. (NasdaqGS: SMT) saw its price tumble 27.47 percent in Wednesday’s first hour to $9.48. Volume in SMT hit 6,537,933 shares in the opening hours, more than 10 times its three-month average. The slip comes after a downgrade by RBC Capital Markets to “sector perform” from “outperform”.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | 1 Comment »

HTM shows its power, INS proves brainy, SPDR flies off shelves, DPW down

Monday, November 8th, 2010

U.S. Geothermal Inc. (AMEX: HTM) leaped 22.73 percent to $1.35, on volume of 1,986,007 shares, or nearly 10 times its daily average. The Boise, Idaho company has scheduled a conference call for Tuesday, to discuss second-quarter financials. U.S. Geothermal Inc., a renewable energy company focused on the production of electricity from geothermal energy, owns and operates geothermal power plants at Raft River, Idaho and San Emidio, Nevada, and is developing the Neal Hot Springs project in Oregon.

Intelligent Systems Corporation (AMEX: INS) went skyward 50.93 percent to $1.60 in early afternoon trading Monday.  INS share volume surpassed 13,650 shares, dwarfing its three-month daily average of 1,267. INS, based in Norcross, Georgia, for 30 years, has identified, created, operated and grown early stage technology companies.

SPDR S&P 500 (NYSEArca: SPY) led AMEX volume stocks early Monday afternoon by trading in 81,826,044 shares. Daily three-month average is 194,042,000 shares. The index-based issue lost some traction, though, faltering in price 0.18 percent to $122.50.

Digital Power Corporation (AMEX: DPW) gave back 11.28 percent in price in early afternoon trading Monday to $1.73. Volume quadrupled its three-month daily average at124,392 shares. The company, based in Fremont, Calif., last week reported third-quarter revenues increased by 87 percent to $3,186,000, compared to $1,708,000 for the quarter ended September 30, 2009. Net income was $303,000 for the quarter ended September 30, 2010, compared to a net loss of $205,000 for the same quarter last year.

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Posted in Energy Stocks, Financial Stocks, Technology Stocks | 1 Comment »

IDT-C, CGA speed ahead, BAC is hot, RDN is not

Monday, November 8th, 2010

IDT Corporation (NYSE: IDT-C) strengthened 37.38 percent in price by noon ET Monday to $16.98. IDT shares leaped off the shelves, trading in 178,167, in comparison to a three-month daily average of 4,741. Last week, IDT’s Board of Directors authorized an initial cash dividend of $0.22 per share to be paid on or about November 23 to shareholders of record at the close of business on November 15 of IDT Corporation Common Stock, Class A Common Stock and Class B Common Stock. IDT is a consumer services company with operations primarily in the telecommunications and energy industries.

China Green Agriculture Inc. (NYSE: CGA) gained 10.55 percent to $8.38 as the clock approached noon ET Monday. Volume was 574,045 in just the first half of the trading day, compared to the daily average of 590,935. This, despite word that class action lawsuit has been commenced in the United States on behalf of purchasers of the securities of China Green Agriculture, Inc. between November 12, 2009 and September 1, 2010. The complaint charges China Green and certain of its officers and directors failed to disclose accurate financial information during the Class Period.

Bank of America Corporation (NYSE:BAC) had a commanding position among volume stocks Monday morning, exchanging 106,512,045 shares, compared with a three-month daily average of 190,530,000 shares. The conglomerate inched ahead in price 1.17 percent to read $12.51 at the lunch hour in New York. The company serves clients through operations in more than 40 countries.

Radian Group Inc. (NYSE: RDN) took a spill of 11.16 percent in price to greet noon ET on Monday at $8.84. Volume in RDN stock came in at 6,313,939 shares, more than 50 percent above its three-month daily volume average. The Philadelphia-based mortgage insurer saw its shares drop, after announcing it will raise up to $350 million through a convertible notes offering to repay debt.

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Posted in Consumer Discretionary Stocks, Consumer Staples Stocks, Financial Stocks | No Comments »

IMPX shoots skyward, MNGPY volume leader, SGAMY jumps, SDVG takes header

Monday, November 8th, 2010

IMP, Inc. (Pink Sheets: IMPX) leaped 3,233.33 percent early in Monday’s trading to 0.01. Volume was 1,000 shares. The Group’s principal activities are to design, manufacture and market integrated circuit (IC) semiconductor devices.

Man Group PLC (Pink Sheets: MNGPY) was among the volume leaders in the small cap arena, trading in 1,420,288 shares. The price skidded 1.66 percent to $4.73 in the first two hours of trading. Man Group boasts it has built a significant managed accounts platform as an investor, in contrast to the flow-driven business model of other providers which tend to focus less on the underlying investment management application.

Sega Sammy Holdings, Inc. (Pink Sheets: SGAMY) jumped 1.52 percent in price Monday morning to $4.02, based on 1,382,727 shares. A leading maker of video games, SEGA is known for its Sonic the Hedgehog franchise.

Superior Development Group, Inc. (Pink Sheets: SDVG) very nearly halved its price Monday morning, tumbling 99.85 percent to three-100ths of a cent, on 1,950 shares. The stock has a 52-week range of up to 49 cents. The company, based in Clarksdale, Miss., is a real estate development consulting firm.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Technology Stocks | No Comments »

CARV, HIHO, SIRI lead Nasdaq gainers; CCCLW falls

Monday, November 8th, 2010

Carver Bancorp Inc. (NasdaqGM: CARV) started the week with a bang, picking up 57.44 percent in price to $5.15. Volume was 58,409 shares, towering over its three-month daily average of 1,777.  Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank, founded in 1948 to serve African-American communities. Friday,the Company reported a net loss of $23.4 million for the second quarter of fiscal 2011 compared to a net loss of $300,000 for the second quarter of fiscal 2010 and a loss of $2.5 million for the first quarter of fiscal 2011.

Highway Holdings Limited (NasdaqCM: HIHO) leaped 47.17 percent in price to $3.90 early Monday, on volume of 357,331 shares, compared to a minute daily average of 20,842 shares. The Hong Kong-based company produces a wide variety of high-quality products for blue-chip original equipment manufacturers — from simple parts and components to sub-assemblies. Monday, HIHO reported third-quarter net income of $410,000 or $0.11 per diluted share, from $139,000, or $0.04 per diluted share, a year earlier. Net sales for same period climbed 50 percent to $7.8 million from $5.2 million a year earlier.

Sirius XM Radio Inc. (NasdaqGS: SIRI) led all Nasdaq stocks in volume early Monday with 21,898,076 shares. The satellite network maintains a three-month daily average of 74,017,600. SIRI gained a modest 1.44 percent in early Monday trading to $1.55. In the third quarter, SIRI reported revenue of $722.5 million, up 15 percent from the third quarter 2009 adjusted revenue of $629.6 million. Net income (loss) attributable to common stockholders for the third quarter of 2010 and 2009 was $67.6 million and ($151.5) million, respectively, or $0.01 and ($0.04) per diluted share.

China Ceramics Co. Ltd. (NasdaqCM: CCCLW) stumbled 18.34 percent in the first hour or so of trading Monday to $2.16. Volume was 2,332 shares, while three-month daily average was not available at press time. The leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring today announced third quarter revenue of $43.3 million U.S., up eight percent from the second quarter of 2010 and up 24.7 percent from the third quarter of 2009. Gross profit was $13.8 million U.S., up 10.1 percent from the second quarter of 2010 and up 24.2 percent from the third quarter of 2009.

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Posted in Consumer Discretionary Stocks, Consumer Staples Stocks, Financial Stocks | No Comments »

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