AIG Shares up 10%
Mar 10, 2010 Uncategorized
Shares of AIG are up $3.32 to $36.09, a gain of 10.13%, on almost three times the normal volume the past three months. The stock has gone from a low of $24.99 just six days ago.
With a better than 22% of the stock being short, short traders are covering their positions and that is helping to provide additional momentum in the stock.
We could possibly see the stock advance to the $40 area.
Nuvasive Shares Jump 34%
Feb 26, 2010 Stock to watch, Stocks On The Move
Nuvasive’s (NUVA) stock was an impressive mover on Friday February 26, climbing $10.31 to $40, for an incredible 34.73% move. The stock got a boost this morning after the company announced that insurer Aetna (AET) had changed its policy and will now cover the company’s XLIF spinal surgery procedure.
The shares are further climbing in after hours trading, as the company also announced after the bell, that United Healthcare (UNH) had changed its lumbar spinal fusion policy and will now also cover the XLIF (eXtreme Lateral Interbody Fusion) spinal surgery procedure.
Stock Of The Day – Nordson
Feb 23, 2010 Stock Market, Stock to watch, Stocks
With the broader markets in a funk – the Dow is down 0.91%, while the NASDAQ and the S&P 500 are down 1.26 and 1.147% respectively at 2:38 PM – shares of Nordson (NDSN), a manufacturer of systems that apply adhesives during the manufacturing process, are up $5.32 or 8.95% to $64.75.
The company after the bell yesterday, reported what it termed “Excellent Fiscal Year 2010 First Quarter Results.”
For the period, which ended January 31, Nordson reported an 18% rise in revenue to $221 million. Operating profit was $36 million, compared to the $13 million realized in the first quarter period a year ago and earnings came in at $26.7 million or $0.78 per share, compared to $11.2 million and $0.33 per share in the year ago period.
Analysts had been looking for the company to earn $0.58 per share, on $212 million in revenue.
The company also announced that for the fiscal 2010 second quarter period, “sales are expected to increase in the range of 26 to 30 percent compared to the second quarter a year ago. Diluted earnings per share are expected to be in the range of $0.81 to $0.89, inclusive of a $0.01 charge related to restructuring activities.”
Nordson shares are trading roughly 571,000 shares, compared to average daily volume of 187,000 over the past three months.
Tags: hot stock, nordson, Stock to watch
Hot Stock – Green Plains Renewable Energy
Feb 22, 2010 Earnings, Stock to watch, Stocks
Shares of ethanol producer, Green Plains Renewable Energy (GPRE) was among the biggest percentage gainer among NASDAQ stocks today. The stock rallied $2.85 to $16.99, a whopping 20.16% gain, with the movement in the stock coming on the back of the company’s latest earnings results.
The company this morning, announced that for it’s most recent fourth quarter period, it recorded a profit of $23.1 million, which translates into $0.91 per share, on revenue of $436.7 million. This compares to revenue of $183.2 million and a loss of $1.8 million or ($0.08) per share in the fourth quarter of 2008.
The company credited higher ethanol demand for the stellar earnings. The higher demand for the company’s products, also helped to improve margins.
For the full year, the company earned $19.8 million, or $0.79 cents per share, on revenue of $1.3 billion.
Green Plains Renewable Energy started 2009 at $2 after a steep decline through 2008, but has been one of the strongest performers among the entire universe of US stocks in the last 12-14 months, climbing over 750% in just over a year.
Tags: biofuel stocks, ethanol stocks, green plains renewable energy, hot stock, Stock to watch
