Stocks On The Move - November 28

After two months of decline, the market looks like is heading back up again with three days of consecutive gain. The buyers all rushed in fearing they'll missed the big bounce and push Dow up 331 points and Nasdaq up 3.18%. Despite continuous worry on credit crisis, hope of more rate cut from Fed lights hope for the traders.

Citigroup Inc. (C), is among the biggest winners of the day gaining 6.5% to $32.29 as the company received $7.5 billion funding from Abu Dhabi Investment Authority. Another winner on NYSE is the hard hit government backed mortgage issuer Freddie Mac(FRE) with shares surging 14.34% to $29.42 per share after the company annouced plan to raise more capital. On Nasdaq, the troubling online investment brokerage firm ETrade (ETFC) rose 7.54% to $5.28 per share as the stock draws bargain hunters.

Despite the broad market rally there are still losers such as Marvell Technology(MRVL) with shares down 10.3% to $14.92 after the company swung to net loss for the third quarter.

Stocks On The Move - November 20

Stocks Up On Heavy Volumn:

• Nordstrom Inc. (JWN): shares of major department store operator surged 12.09% to $34.21 per share after reporting better than expected 22% rise in third quarter profits. Despite lowering the fourth quarter profit outlook, buyers takes the positive news since the stock price has been hit hard lately. It is still trading at almost half of the 52 weeks high of $60 per share earlier in February. The stock was the fourth leading gainer on NYSE today with 18 million shares traded.
• Blue Coat Systems Inc. (BCSI): shares of internet security hardware and software solutions provider surged 12.71% to $37.34 per share on upbeat third quarter earnings forecast. The stock was the twelveth leading gainer on Nasdaq today with 6.8 million shares traded.

Stock Down on Heavy Volumn:

• E-Trade Financial Corporatioin (ETFC): it is another doomsday for the online discount investment brokerage firm as negative comments from analyst send the stock down another 19% to $3.8 per share back near its 52 weeks low. Analyst says E-Trade's competitors are luring its customers away. The stock was the sixth leading decliner and the second heaviest traded on Nasdaq toay with 103 million shares traded.
• Freddie Mac(FRE): trouble continues for the government sponsored loans maker as shares plunged 28.69% to new 52 weeks low of $26.74 per share as the company posted net loss of $2 billion in the third quarter, its largest ever quarterly loss. The stock was the sixth leading decliner on NYSE today with 84.6 million shares traded.

Stocks On The Move - November 15

Stocks Up On Heavy Volumn:

• LDK Solar Co. Ltd. (LDK): the China solar cells maker surged 17.78% to $34.45 per share as the company stated that its business remains strong despite the 4th quarter outlook is at low end of expectations. The stock was the leading gainer on NYSE today with 5.88 million shares traded.
• URS Corp. (URS): the approval of the acquisition of Washington Group International that would create the nation's biggest engineering and construction company ignited the rally and send shares or URS up 10.67% to $61.7 per share. The stock was the fifth leading gainer on NYSE today with 12.49 million shares traded.

Stock Down on Heavy Volumn:

• Fannie Mae (FNM): Bad housing market news keep hammering shares of government sponsored loans maker. Shares fell 10% to $43.04 per share trade. Earlier last month the stock was still trading near $70 per share.

Stocks On The Move - November 14

Stocks Up On Heavy Volumn:

• Questcor Pharmaceuticals, Inc. (QSC): earlier in August of this year this is still a tiny penny stock trading at just 21 cents per share. However after the company annouced bullish third quarter result this Monday, all the sudden what we have here is a $4.55 stock with bright future. Todays 40% gain marks the fourth straight winning session and with the trading volumn now expands to 11 million shares looks like this stock is now taking center stage and should probably attract more buyers.
• Canadian Solar Inc. (CSIQ): this is not a Canadian based company but a China based solar power products maker for customers worldwide. Today the company reported sharply rise in third quarter profit and also send the stock price sharply up almost 30% to $14.53 per share. During the trading session today the stock actually reached new 52 weeks high of $17.1 per share. The stock was the third leading gainer on Nasdaq today with 6.28 million shares traded.

Stock Down on Heavy Volumn:

• United Rentals, Inc. (URI): shares of construction equipment rental company plunged 30.9% to $23.5 per share after Cerberus pull from the merger agreement worth $7.0 billion which valued the company at $34.5 per share. The stock was the worst performing one on NYSE today with 36 million shares traded, the nineth heaviest trade.

Stocks On The Move - November 2

Stocks Up on Heavy Volumn:

• WellCare Health Plans, Inc. (WCG): this was still an $100 per share stock two weeks ago. However the FBI and state agency investigation on October 24, 2007 triggerred the sell-off and cut stock price of the Florida based healthcare provider in half. The slide continued till it reached the new low of $20 on October 31. On Friday the stock surged 19% and rose another 23% during the after hour trade as the company began its own investigation on expense report fraud. The stock was the leading gainer on NYSE on Friday with 12 million shares traded.
• Western Digital Corp. (WDC): the hard disk driver maker benefits from strong demand from PC maker Hewlett-Packard, Dell and Apple and reported a strong first quarter result. The announcement send the stock to new 52 weeks high of $29.45 per share and ends the day at $28.91, rising 11.11% in one day. The stock was the tenth leading gainer on NYSE with 13 million shares traded.

Stocks Down on Heavy Volumn:

• Ambac Financial Group, Inc. (ABK): shares of New York based Mortgage bond insurer plunged 20% to 52 weeks low of $23.51 per share on analyst downgrade. The stock became the latest victim of the credit market meltdown which sank shares of the subprime companies. The stock was the second leading decliner on NYSE with 29.9 million shares traded.
• Silicon Image Inc. (SIMG): weak third quarter report send shares of semiconductor comapny down 25.6% to 52 weeks low of $4.5 per share. The company's third quarter earnings dropped almost 50% to 4.1 millions. The stock was the fourth leading decliner on Nasdaq with 10.37 million shares traded.

Stocks On The Move - October 31

Stocks Rise on Heavy Volumn:

• SiRF Technology Holdings Inc. (SIRF): shares of San Jose, CA based global positioning system(GPS) chips maker soared 27.94% to $29.81 per share as the company's third quarter profit exceeds Wall Street estimates on strong navigation device market. The stock was the fourth leading gainer on Nasdaq today with 11.95 million shares exchanged hands.
• Mastercard Incorporated (MA): shares of leading credit-card processor surged 20.85% to new high of $189.91 per share as the company's 3rd quarter profit jumps 63% on increase in oversea spending. The stock was the second leading gainer on NYSE today with 20.28 million shares traded.

Stocks Drop on Heavy Volumn:

• Buffalo Wild Wings Inc. (BWLD): shares of Minneapolis based casual style resaurants chain operator plunged 21.2% to $30.66 per share as the company's third quarter result missed analyst expectations. The stock was the fifth leading decliner on Nasdaq today with 5.8 million shares traded.
• Omnicare Inc. (OCR): shares of Covington, Kentucky based pharmacy services provider tumbled 15.98% to 52 weeks low of $29.5 per share after the company reported weak third quarter result and lowered 2007 outlook on new Medicare reimbursement rules. The stock was the second leading decliner on NYSE today with 11.62 million shares traded.

Stocks On The Move - October 30, 2007

Stocks Rise on Heavy Volumn:

• Sepracor Inc. (SEPR): shares of Marlborough, MA based pharmaceutical firm surged 16.12% to $26.73 per share on positive outlook for 2008 with cost cutting effort. The stock was just trading at new 52 weeks low yesterday but today was the eighth leading gainer on Nasdaq today with 10 million shares traded.
• On2 Technologies Inc. (ONT): shares of On2 Technology, a Clifton Park, NY based video codec software maker rose for the third straight sessions with another 9.26% gain to $1.18 per share on successful integration of its product with RipCode. The stock was the fifth leading gainer on AMEX today with 6.2 million shares traded.

Stock Drop on Heavy Volumn:

• Smith & Wesson Holding Corp. (SWHC): shares of Springfield, MA based handguns maker plunged 39.67% to $12.12 per share after the company posted weak second quarter result and also lowered the revenue growth. The stock was the worst stock on Nasdaq today with 15 million shares traded.
• American Medical Systems Holdings Inc. (AMMD): shares of surgical products maker tumbled 29.15% to new 52 week low of $12.03 per share on disappointing third quarter results and profit warning. The stock was the fourth leading decliner on Nasdaq with 19.9 million shares traded.