Miles J. Stoner, @StockHollywood

Dallas, Texas

9.01.2010

Sept 2

Milestone Financial Investments L.L.C.
UPSIDE MOVERS
  • CRME: 6.19 to 7.51
  • SAI: 14.89 to 15.98
  • AMGN: 51.98 to 52.66
  • HOTT: 5.17 to 5.3ZUMZ: 14.88 to 16.00
DOWNSIDE MOVERS
  • MATK: 22.41 to 21.79
  • OXM: 21.38 to 20.75
  • AAPL: 250.73 to 243.05
  • PSS: 13.76 to 12.63
  1. Oxford Industries Inc. (OXM:$21.3800,$1.6600,8.42%) Just Shy on Q2 Sales, Beats on EPS, Raises Outlook - Down 1.5% in Early Evening Trade.
    •  -1.8%
    • 21.38 to 20.75
  2. Cardiome Pharma (CRME:$6.19,00$0.14,002.31%) jumped higher in night trade after announcing that the intravenous (IV) formulation of BRINAVESS (vernakalant) has been granted marketing approval in the European Union (EU), Iceland and Norway for the rapid conversion of recent onset atrial fibrillation (AF) to sinus rhythm in adults: for non-surgery patients with AF of seven days or less and for post-cardiac surgery patients with AF of three days or less.
    • CRME was released from a trading halt and surged straight to its after-hours high of 7.51. It was quick to give up this top and settled between 6.72 and 7.14 through the bulk of its evening action. After-hours indications would suggest CRME records a potential pre-market open Thursday near 6.80 to 7.00. Buyers were most active tonight between 6.82 and 7.00, levels longs may want to eye as a possible early-day base level that could see pops into the low-7s.
    • Price: 7, Change: +0.81, Percent Change: +13.
  3. Collective Brands (PSS:$13.7600,$0.8300,6.42%) declined in evening trade after missing Q2 Street estimates.
    • PSS tumbled to a downside range of 12.75 to a low of 12.63 early in the first-half of night trade. It strengthened to still negative levels between 13.34 and 12.84 into the late first-half and second-half of the evening. A pre-market open Thursday could have potential near 13.20 to 13. PSS has recorded an earnings-driven after-hours decline in three of the last 11 quarters tracked in our MT Pro database. 100.0% of the time (3 out of 3 times) the stock reversed in the opposite direction by the close of the next day's regular session compared to the Extended Hours "effective close". When it reversed, the price closed in the opposite direction on average by 9.1% (in 3 events) from the "effective close". The consistent tendency to reverse after-hours declines in next-day action may open the door for more risk tolerant longs to watch for any drift back near tonight's early lows of 12.75 to 12.63, an area that saw some moderate upside support and where a potential near-term floor could develop for bumps back into the higher 12s.
    • Price: 13.04, Change: -0.70, Percent Change: -5.
  4. Arthur J. Gallagher & Co. (AJG:$25.5700,$0.7200,2.90%) announced the acquisition of Old Greenwich Consulting Group located in New York City, New York, for undisclosed terms.
    • Old Greenwich Consulting Group offers employee benefit consulting and brokerage services, including life insurance and group benefits, for their middle-market clients in the Eastern United States.
    • Price: 25.57, Change: +0.72, Percent Change: +2.9
  5. FuelCell Energy Inc (FCEL:$1.16,00$0.03,002.65%) , which makes fuel-cell power plants for electricity generation, posted a wider-than-expected quarterly loss, hurt by declined research and development contract revenue.
  6. Martek Biosciences Corp.'s (MATK:$22.41,00$0.59,002.70%) fiscal third-quarter profit rose by one- third as the company's top line was boosted by a recent acquisition and margins improved.
    • 22.41 to 21.79
  7. SAIC (SAI:$15.3700,$0.4900,3.29%) advanced in after-hours trade after beating Q2 earnings expectations.
    • SAI spiked to an early after-hours high of 15.98 before dropping back to still upside levels between 15.37 and 15.80 - a range where it stayed through the bulk of night trade. A pre-market open Thursday may have legs near the 15.50 to 15.70 range. Buyers demonstrated some tentative confidence tonight off the flatline at 15.37 up to 15.62, an area where longs may want to watch for a potential near-term floor support to form.
    • Price: 15.66, Change: +0.32, Percent Change: +2
  8. Graymark Healthcare Inc (GRMH:$1.0901,$-0.1499,-12.09%) agreed to sell all assets of its pharmacy division to drugstore chain Walgreen Co (WAG:$27.6900,$0.8100,3.01%) to focus on its sleep apnea business, sending its shares up 23 percent in after-market trade.
    • Graymark said it expects to realize a total enterprise sale value of about $35 million.
  9. Hovnanian (HOV:$3.6800,$0.2600,7.60%) reports Q3 revs of $380.6 mln, down from $387 mln in the year ago quarter. After tax net loss was $0.92 per share, vs. a year ago loss of $2.16 per share. The Street view was $386 mln in revs and a loss of $0.52 per share. It's unclear if the loss numbers are comparable.
    • Price: 3.59, Change: -0.09, Percent Change: -2.5
  10. Blue Coat (BCSI:$21.08,00$2.25,0011.95%) closed up 11.9% at 21.08, extending its 4.35% gain to 19.65 during the pre-market after getting upgraded to buy from hold at Needham. The firm reportedly had a price target of $27 on company shares.
  11. Research In Motion (RIMM:$44.13,00$1.29,003.01%) closed the regular session up 3%, adding to a 1.8% advance posted in today's pre-market after JMP Securities assumed coverage on the issue with an Market Perform rating.
  12. Hot Topic (HOTT:$5.27,00$0.09,001.74%) says August same-store sales fell 3.7% compared to a drop of 8.1% in August last year.
  13. Activist investor Carl Icahn bought another chunk of Hain Celestial Group Inc. (HAIN:$22.88,00$0.54,002.42%) shares, boosting his stake in the company to about 14%.