Top 9 Stocks to Watch for August 4

Barnes & Noble Inc. (NYSE: BKS) is up 22.68% to $15.75 on heavy volume of 3.79 million shares. The company announced late Tuesday that its board intends to evaluate strategic alternatives, and may consider selling the company. (NYSE:BKS), (BKS)

True Religion Apparel Inc. (NASDAQ: TRLG) is down 4.61% to $22.53, on above-average volume of 1.40 million shares, following Tuesday’s earnings report. The company posted a 31% decline in its Q2 profit, missing analysts’ expectations. (NASDAQ:TRLG), (TRLG)

ExpressJet Holdings Inc. (NYSE: XJT) is up 100.00% to $6.56 following the news that SkyWest subsidiary Atlantic Southeast would buy the company for about $133 million in cash. (NYSE:XJT), (XJT)

Time Warner Inc. (NYSE: TWX) is up 1.33% to $32.79. The company posted a 7% rise in its Q2 profit , topping analysts’ view, and improved its outlook for the full year. (NYSE:TWX), (TWX)

DepoMed Inc. (NASDAQ: DEPO) is up 15.55% to $3.27 following the announcement that no patent infringement lawsuit has been filed against its experimental pain drug. The company looks forward to a potential approval of DM-1796 in the Q1 of 2011. (NASDAQ:DEPO), (DEPO)

Polo Ralph Lauren Corp. (NYSE: RL) is up 5.89% to $83.98. The company reported a 57% rise in its Q1 profit, helped by stronger sales, and lifted its outlook for the full year. (NYSE:RL), (RL)

Pitney Bowes Inc. (NYSE: PBI) is down 14.42% to $21.36, on above-average volume of 5.64 million shares, ,following a disappointing earnings announcement Tuesday. (NYSE:PBI), (PBI)

Super Micro Computer Inc. (NASDAQ: SMCI) is down 24.33% to $10.21, on heavy volume of 2.15 million shares, over 10 times its average volume of 200K shares traded. The company reported its Q4 and full-year financial results late Tuesday. (NASDAQ:SMCI), (SMCI)

DG FastChannel Inc. (NASDAQ: DGIT) is down 9.28% to $36.77, on heavy volume of 1.38 million shares, despite an earnings beat. The company reported Q2 earnings of 49 cents per share, ahead of analysts’ expectations of 23 cents. (NASDAQ:DGIT), (DGIT)