Posts Tagged ‘buzz stocks’

ETM leaps, NOK teeters, AMKR underwhelms

Thursday, February 10th, 2011

Entercom Communications Corporation (NYSE: ETM) accelerated 17.5% to $12.50 Thursday, on volumes of 533,744, towering over a daily average of 138,309. Tuesday, ETM announced quarterly revenues for the quarter increased 6% to $102.1 million, while net income per share hiked 28%.

Nokia Corporation (NYSE: NOK) was a volume champion Thursday, trading in 47.9 million shares, better than double its usual volume. Prices for NOK faded 7.2% to $10.89, after the company chose to make smartphones powered by Microsoft’s Windows Phone 7 software, rather than Google’s operating system.

Amkor Technology Inc. (Nasdaq: AMKR) shares were off 10% to $7.37, on 6.2 million shares, nearly four times its usual volume, after the manufacturer of semiconducting tests projected earnings under expectations.

SCSS spikes, JDSU solid, TQNT springs leak

Thursday, February 10th, 2011

Select Comfort Corp.(Nasdaq: SCSS) shares rose 10.6% to $11.60, on volume of 2.6 million shares, or five times its daily average, a day after the mattress maker projected 2011 earnings ahead of market estimates.

JDS Uniphase (Nasdaq: JDSU) traded in 34.5 million shares, or more than six times its daily average. Share prices hurtled 3.8% to $25.35, after last week’s reports of stronger-than-expected earnings and raising its guidance.

TriQuint Semiconductor Inc. (Nasdaq: TQNT) shares fell 6.1% to $12.83, on volume of 18.3 million shares, or nearly six times its daily average, after the provider of chips used in wireless devices on Wednesday projected 2011 earnings below expectations.

GT hits the road, INTC active, TBI gets the blues

Thursday, February 10th, 2011

Goodyear Tire & Rubber Co. (NYSE: GT) shares rose 11.4% to $13.94. Volume of 20.8 million shares quadrupled its daily average, after the country’s largest tire maker reported fourth-quarter results that beat Wall Street’s expectations.

Intel Corporation (Nasdaq: INTC) was a volume leader Thursday, trading in 43.8 million shares, shy of its average daily volume of nearly 60 million. Share prices gained 1.8% to $21.80.

TrueBlue Inc. (NYSE: TBI) shares lost 10.9% to $16.84, on volume of 1.2 million shares, nearly six times its daily average, a day after the provider of temporary labor reported fourth-quarter profits below analysts’ estimates.

SFSF succeeds, F rolls off lot, ATVI snowed under

Thursday, February 10th, 2011

Success Factors Inc. (Nasdaq: SFSF) proved as good as its name Thursday, which shares powering ahead 15.6% to $34.78 Thursday, on volumes of 3.8 million shares, nearly four times its daily average, after the business software maker announced results showing Q4 revenue and 2011 guidance well above consensus.

Ford Motor Company (NYSE: F) traded in 43.7 million shares Thursday, well below its daily average of 91.6 million. Prices dipped 0.7% , however, to $15.98. F Thursday announced it was showcasing ads for the new Explorer pickup during this month’s Grammy Awards telecast.

Activision Blizzard Inc. (Nasdaq: ATVI) shares were down 8.2% to $10.74, with volume of 40.2 million shares, compared to a daily average of 9.4 million, after the video-game publisher late Wednesday projected first-quarter earnings that missed Wall Street estimates and said it would shutter the unit that makes “Guitar Hero” games.

SCI gallops, CIM sings, AKAM trails

Thursday, February 10th, 2011

Service Corporation International (NYSE: SCI) shares garnered 16.2% to $10.56 Thursday, on volumes of 3.4 million shares, nearly four times its daily average, after the company reported revenue of $571.3 million and adjusted earnings per share of $0.18, easily topping estimates of $0.13.

Chimera Investment Corporation (NYSE: CIM) traded in 43 million shares Thursday, nearly triple its daily average of 14.8 million. Prices faded 1.7% , however, to $4.18, after reporting EPS for the year of 66 cents.

Akamai Technologies Inc. (Nasdaq: AKAM) shares dove 13.9% to $41.32. Volumes of 32.2 million shares proved eight times its daily average, after a disappointing Q1 guidance.