In Thursday evening’s Forecast Report, Las Vegas Sands (LVS) was given a buy target for longs in the 15.40 to 15.60 area. A secondary area of congestion, and another floor for a charge above 16, was near 15.80. It wasn’t until late in pre-market trading that the stock pushed its way back down to this attractive area and certainly, the issue has proven volatile in regular trading. But from the 15.80 entry point to the 16.55 day high, the trade is up 4.7%.
In Thursday’s Forecast Report, Genworth Financial (GNW) offered a buy signal for longs near 11 to 11.20 for a potential short-term opportunity for a dime to 20 cents of upside.
Vigilant longs working on a very short-term horizon had an opportunity near the pre-market open of 11.04 and again late in pre-market trade, when the stock hit 11.08. A trade at the 11.04 entry, as measured to the pre-market high of 11.90, was 7.4% in the black. A buy at the 11.08 final pre-market price, as measured to the 11.45 regular session high, was 3.3% in the black.
In Thursday evening’s Forecast Report, Novatel Wireless (NVTL) was pegged for an open near 10 to 9.90 and it came through, opening at 10 and bobbing between 10 and 9.90 within the first half hour of pre-market trading before eventually pushing through to a pre-market low of 9.55.
But sentiment was decidedly negative market-wide. As such, this stock didn’t quite provide as much traction in the 9.80 area that we pegged as a potential buy target for a quick upside opportunity back to the 10-10.20 range.
The short side of this trade has proved more fruitful. Shorts who used the night session’s ceiling just above 10 as a selling cue have made out well Friday. Based on NVTL’s day low at 8.58, the short trade, from 10, is 16.5% in the black.
In Wednesday night’s Forecast Report, Akamai Technologies (AKAM) signaled an early entry target for longs between 21.75 and 21.99. AKAM did begin Thursday’s pre-market trading in this area, in fact putting in an early pre-market and regular-session floor near 21.75.
The stock has climbed steadily Thursday since opening at our long entry target, trading recently near the 23.18 session high. The long trade bought at the morning low is currently up 6.6%.
In Wednesday’s Forecast Report, Symantec’s (SYMC) Q2 beat and subsequent share advance prompted a long buy recommendation near 16.40-16.50, with a potential for a 10-15 cent upside. The call also urged a fairly quick exit for an issue that tends to stick to a relatively narrow range.
Traders who got in near the 16.60 pre-market open (also its Thursday low), a price just above the Forecast’s target, are good for a 6.5% gain to today’s 17.68 high.
In Wednesday night’s Forecast Report, First Solar (FSLR) was given a selling target for shorts in the 138.50 to 134 area, the range that proved the post-earnings top in after-hours action. An area of upside congestion near 132-131 hit late in evening action was given as a secondary target for more risk tolerant shorts.
The stock opened pre-market trading below the target range, near 127 but improved later in pre-market trading, topping out in that session at 134, the low end of the short target range we pegged last night. The stock failed to clear 130 so far in today’s regular trading. The short trade, as measured from the 134 top to today’s regular-session 122.75 low, has netted an investor 9%. The additional short trade recommendation, as measured from the 132 secondary target to today’s regular-session 122.75 low, is a 7.5% winner.
4:11 PM, Oct 28, 2009 — In Tuesday night’s Forecast Report, hard-falling Apollo (APOL) shares did lure higher-volume buyers from 58.79 to 61.55, signaling a buy target for risk-tolerant longs around the 57 evening low and also around 59-60.
A check of Wednesday’s action shows a buy at 57 is trading up nearly 14% to the regular-session high of 64.95.
Companies: Apollo Group
Price: 59.92 Price Change: -12.97 Percent Change: -17
While there are many stocks that demonstrate patterns where they consistently see their earnings-driven after-hours gains or declines continue the next day, the story on Intel (INTC) is clearly different. In short, investors should expect a reversal from any gains or losses after-hours tonight by the close tomorrow.
How do we know that you ask? Taking a look back at the after-hours earnings reaction history we’ve tracked for Intel and the story becomes quite clear. The chip maker has seen its earnings-driven after-hours price move reverse direction in 64% (14) of the last 22 quarters. In its most recent quarterly report on July 14 of this year, INTC gained 7.3% in the after-hours session after reporting its quarterly results, and ended the July 15 regular session up a slightly narrower 7.2% - not much of a difference for traders to anticipate a reversal but at least an understanding that INTC was likely not to add aggressively to its evening move between the sessions. However, some reversals over the past year have been much greater, leaving room for the nimble trader to make a quick profit.
Looking deeper into INTC’s movement between the sessions, it has seen an earnings-driven after-hours gain in 12 of the last 22 quarters. In 10 of those quarters, 83% of the time, INTC has reversed its evening gain, heading in the opposite direction in the following regular session - a stock shorts may want to keep a close eye on. On the downside, INTC has seen an earnings-driven after-hours decline in 10 of the 22 quarters in our database.
Take a look at this MIDNIGHTTRADER PRO VIDEO ALERT on Intel to get setup for tonight’s trade and see more detail on Intel’s past earnings reactions.
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There is a season for everything, and unfortunately it’s flu season. Unless you’ve been living under a rock (or in Afghanistan), you’re well aware of the additional press this season has garnered thanks to our friends in the swine community. Needless to say, there tends to be quite a bit of excitement over health care shares related to potential blockbuster treatments of the disease or illness du jour. H1N1 is no different in causing the very common and typically unwarranted irrational exuberance from the average investor.
Taking a look at some recent extended-hours trading activity in leading health care companies that are linked in some way to the Swine flu and/or seasonal flu, we’ve uncovered some notable and consistent activity worth a glance.
Here’s a sampling of five stocks that have seen big flu news-driven volume in the pre-market (most release their news then), 12 events in all, and in 11 of those moves the stocks lost a good chunk of their gains by that day’s regular session close. For the long fans of this group it’s obviously a sector to play ahead of the bell and beat feet out. On the short side, bet the downside at the open and see how far south it goes. The below information is provided to our LIVE BRIEFS customers in real time.
Novavax (NVAX)
9/1 Pre-Market: +22%; 9/1 Reg. Session: +10.1% (Company News)
8/18 Pre-Market: +9.8%; 8/18 Reg. Session: +7.5% (Company News)
CEL-SCI Corp. (CVM)
9/16 Pre-Market: +22%; 9/16 Reg. Session: last down 1.5% (Company News)
9/15 Pre-Market: +25%; 9/16 Reg. Session: +48% (Company News)
BioCryst (BCRX)
9/15 Pre-Market: +12.7%; 9/15 Reg. Session: +8.7% (Company News)
Sinovac Biotech (SVA)
9/2 Pre-Market: +2.2%; 9/2 Reg. Session: -2.6% (Company News)
9/3 Pre-Market: +20.2%; 9/3 Reg. Session: +10% (Company News)
9/1 Pre-Market: +15%; 9/1 Reg. Session: +7.7% (Company News)
8/28 Pre-Market: +19.5%; 8/28 Reg. Session: +8% (Company News)
Vical (VICL)
9/10 Pre-Market: +8.7%; 9/10 Reg. Session: +5.9% (Company News)
9/8 Pre-Market: +5%; 9/8 Reg. Session: +1.4% (Company News)
9/3 Pre-Market: +14.5%; 9/3 Reg. Session: +12% (Company News)
Stay tuned for more LIVE BRIEFS alerts.
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