Neurocrine Biosciences, Inc. (NBIX) – Buzz Stock of the Day

Posted on Thursday, June 17th, 2010

We first covered Neurocrine Biosciences, Inc. (Nasdaq: NBIX) in late May 2010, when the stock was trading at $3.40 a share. About a week after our post, shares of NBIX climbed to a high of $5.20 a share. Neurocrine rallied again on Thursday, climbing almost 8 percent to a 52-week high of $5.79 a share in morning trading after the company announced a development deal with privately held German drug maker, Boehringer Ingelheim.

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The two companies will work together to research and develop small molecule GPR119 agonists for the treatment of Type II diabetes and other indications . Neurocrine will get a $10 million upfront payment and research funding to support discovery efforts. The company is also eligible to receive up to $225 million in milestone payments, according to Neurocrine.

A day before, Neurocrine licensed the worldwide rights to its experimental endometriosis drug to Abbott Laboratories. Under terms of the deal announced Wednesday, Abbott gains worldwide rights to elagolix in exchange for a $50 million upfront payment to Neurocrine. Abbott agreed to pay all future development costs for the drug. Neurocrine is eligible for up to $500 million in future milestone payments as well as royalties based on sales of elagolix if approved.

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Posted in Health Care Stocks, Technology Stocks by admin | 2 Comments »


Wall Street rises with euro and data. Boeing (NYSE:BA) Caterpillar (NYSE:CAT)

Posted on Tuesday, June 15th, 2010

By Rodrigo Campos

NEW YORK (Reuters) – Stocks rose on Tuesday as the euro strengthened after successful European debt auctions and U.S. data showed inflation remained under control.

The euro, a yardstick used by equity investors to gauge risk appetite, rose above $1.23 to its best level since June 3, even after a survey showed German analyst and investor sentiment fell more than expected.

Industrial and technology sectors, with high exposure to Europe, led the U.S. advance, with planemaker Boeing Co (NYSE:BA -News) up 3 percent to $66.78, while Caterpillar Inc (NYSE:CAT -News) added 2 percent to $62.17.

The move is “all related to the euro. It determines how the stock market behaves,” said Joseph Battipaglia, market strategist at Stifel Nicolaus in Yardley, Pennsylvania.

“On a day-to-day basis, a trade keying off on where the euro is seems to be the only trade that works. Until that measure stops working, they’ll keep doing that trade. It doesn’t inspire confidence,” he said.

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New York state manufacturing continued to grow in June although employment fell sharply, while in a separate report U.S. import prices posted their largest decline in nearly a year in May, bolstering views of tame inflation and low interest rates.

The Dow Jones industrial average (DJI:^DJI – News) gained 98.17 points, or 0.96 percent, to 10,289.06. The Standard & Poor’s 500 Index (^SPX – News) rose 11.53 points, or 1.06 percent, to 1,101.16. The Nasdaq Composite Index (Nasdaq:^IXIC – News) added 29.84 points, or 1.33 percent, to 2,273.80.

Indexes had fallen after U.S. homebuilder sentiment fell by the sharpest amount since the height of the financial crisis as a popular homebuyer tax credit expired.

Best Buy Co (NYSE:BBY – News) dropped 6.5 percent to $38.44 after its quarterly profits missed estimates.

Spain and Belgium sold government debt on healthy demand and Ireland issued bonds in auctions that soothed investor worries about the euro zone’s debt crisis.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

http://finance.yahoo.com/news/Wall-Street-rises-with-euro-rb-1967056791.html

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Posted in Industrial Stocks by admin | No Comments »


Netlist, Inc. (NLST) – Buzz Stock of the Day

Posted on Monday, June 14th, 2010

Shares of memory subsystems maker Netlist, Inc. (Nasdaq: NLST) continued their rally on Monday morning, climbing about 32 percent from Friday’s close. Shares gained about 30 percent on Friday as well, after the company announced that its HyperCloud™ memory module was been selected to run on servers owned by British IT solutions provider, Viglen to support High Performance Computing (HPC) applications.

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Viglen has achieved the following benefits by incorporating HyperCloud DIMMs into their servers, according to a recent news release: increases data throughput by 57% versus JEDEC 4-Rank memory modules; improves aggregate memory bandwidth; operates at 1333 MT/s, versus 800 MT/s.

“To be selected by Viglen exemplifies the value we provide with our HyperCloud memory module,” said C.K. Hong, Netlist Chief Executive Officer in a statement. “Our HyperCloud technology is a key enabler of server efficiency and offers a unique value-add for companies deploying new IT infrastructures. We are pleased to enhance performance on Viglen servers and look forward to continuing to offer compelling memory solutions to address the computing demands.”

Netlist’s 50-day average daily volume for is 798,000.

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Posted in Penny Stocks, Technology Stocks by admin | 1 Comment »


ArcSight, Inc. (ARST) – Buzz Stock of the Day

Posted on Friday, June 11th, 2010

Shares of compliance and management software maker ArcSight, Inc. (Nasdaq: ARST) were up more than 24 percent in morning trading on Friday after the company announced better-than-expected fourth quarter earnings, and painted a rosier-than-expected picture for the current quarter.

For the fourth quarter, ArcSight’s profit rose more than five-fold to $22.6 million, or 62 cents per share. Excluding items, the company earned 20 cents a share. Analysts on average were expecting earnings of 17 cents a share, excluding exceptional items, on revenue of $50.5 million, according to Thomson Reuters I/B/E/S. Total revenue jumped 41 percent to $55.2 million, over the same period last year.

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ArcSight said it expects adjusted earnings of 11 cents to 13 cents a share, on revenue of $44 million to $46 million for the current quarter.

“We are very pleased with our strong revenue and operating margin growth this past quarter, and look forward to continued success in fiscal 2011,” said ArcSight’s president and CEO, Tom Reilly in a statement. “Increased spending on cyber-security initiatives in the Federal sector, and anticipated enhancements to compliance mandates, should further fuel our long term growth. Our strong financial results, supported by increased market share and industry recognition, reflect the dedication, hard work and perseverance of our team executing on our strategic growth imperatives.”

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Posted in Technology Stocks by BuzzStocks | 1 Comment »


Carbon Sciences, Inc. (CABN) – Penny Buzz Stock of the Day

Posted on Tuesday, June 8th, 2010

Shares of alternative energy solutions provider, Carbon Sciences, Inc. were up more than 70 percent in morning trading on Tuesday.

Carbon Sciences announced on Monday that it filed the first of a series of patent applications for its clean-tech CO2 based Gas to Liquids (GTL) fuel technology for transforming a combination of natural gas and carbon dioxide (CO2) directly into gasoline. This first patent application discloses the design and manufacturing of a novel chemical catalyst that converts methane gas and carbon dioxide gas (CO2) directly into gasoline. These greenhouse gases can be sourced from natural gas fields or human made coal-fired power plants, landfill gas, municipal waste, and algae.

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“This heralds a new era for Carbon Sciences and means that our plan for delivering a market-ready technology could be delivered as soon as next year,” said Byron Elton, CEO of Carbon Sciences in a statement. “The ongoing tragic events involving BP’s unchecked flow of oil into the Gulf of Mexico further underscores the urgent need to reduce and eliminate our addiction to petroleum, foreign and domestic. Carbon Sciences’ breakthrough technology takes us closer to a world without petroleum by essentially transforming pollution into energy.”

Shares were trading as high as $0.12 in morning trading on Tuesday, up 71 percent from Monday’s closing price of $0.07 per share.

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Posted in Energy Stocks, Penny Stocks, Technology Stocks by admin | 1 Comment »


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