Sunday, June 27, 2010

Top Day Trader Alerts (BA, BP, C, JPM, GS, KBH, ORCL, RIMM, SSN)

There are many stocks on the move on news for day traders and active traders this Friday morning.  Stocks on the move are Boeing Co. (NYSE: BA), BP plc (NYSE: BP), Citigroup, Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs Group Inc. (NYSE: GS), KB Home (NYSE: KBH), Oracle Corporation (NASDAQ: ORCL), Research in Motion Limited (NASDAQ: RIMM), and Samson Oil & Gas Limited (AMEX: SSN).  We have offered news or the reason behind the move as well as the appropriate relative data and added color on each where applicable.
Boeing Co. (NYSE: BA) could be worse than it is as problems just keep coming up.  The aerospace and defense player has temporarily grounded its fleet of 787 Dreamliner test aircraft after the company discovered a manufacturing problem out in the horizontal stabilizer that connects to the rear of the planes.  Shares are only down 1.3% at $66.55 on thin volume.
BP plc (NYSE: BP) has now spent $2.35 billion to date in its clean-up efforts, versus $2 billion earlier this week based on Monday’s estimate.  Shares fell 6% in London and this marks even more 52-week and multi-year lows.  The ADRs here in the U.S. are now down ‘only’ 3.6% at $27.71 on almost 2 million shares.  The prior 52-week low from yesterday in ADRs was $28.56.
Citigroup, Inc. (NYSE: C) is up on bank reform compromises and on news that it has reached a deal to sell loan portfolios to Banco Santander SA for a $3.2 billion auto loan portfolio and service another portfolio worth $7.2 billion.  Shares are up 1.5% at $3.84, but we are already over 40 million shares in pre-market trading.
JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group Inc. (NYSE: GS) are both indicated higher along with other key banks this morning on the regulatory modification compromise that will allow banks to keep at least some of their derivatives operations. JPMorgan shares are up 1.5% at $38.60 on over 350,000 shares and Goldman Sachs shares are up 1.5% at $137.10 on almost 100,000 shares in pre-market trading.
KB Home (NYSE: KBH) is trading lower after a reported loss.  The good news is that homes delivered rose for the first time in what looks to be 14 quarters.  Shares are down 4.25% at $11.70 on almost 25,000 shares so far.
Oracle Corporation (NASDAQ: ORCL) is trading up this morning after its earnings came in with a  25% rise in profits and after new software license sales rose by about 14%.  Shares had been up over 4% earlier and last night, but this morning we show a 3.65% gain to $23.03 on about 700,000 shares in early trading.
Research in Motion Limited (NASDAQ: RIMM) is trading lower after mixed earnings and mixed guidance were hampered by subscriber numbers.  There have also been numerous price target cuts for the smartphone maker: Cut to Neutral at Baird; target cut to $70 at Raymond James; target cut to $90 at RBC; target cut to $65 at UBS; target cut to $100 at TD.  Shares are down 5.4% at $55.43 on active trading this morning.  Be advised that $54.30 is the 52-week low.
Samson Oil & Gas Limited (AMEX: SSN) is not getting its hair cut today… The microcap oil and gas player has reached an agreement to sell part of Goshen County Project.  This was almost a $35 million market cap is all, so the swing here may be more volatile.  Shares had been up 50% but the stock is up 35% at $0.80 on over 300,000 shares.  The 52-week range is $0.18 to $1.09 and the average volume is only about 1 million shares.

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