Special Reports

After-Hours Movers 12/01: SNTS, ABCW, RAME, GAME Higher; HEB, SWS, RGNC, LTXC Lower Dec 1, 2009 05:41PM

Hemispherx BioPharma (AMEX: HEB) 45% LOWER; smashed as FDA recommends another Ampligen study. Says can't approve application in its present form. Click here for the full report.

Santarus Inc. (Nasdaq: SNTS) 26.5% HIGHER; trading higher ahead of a presentation tomorrow by CEO Gerald Proehl at the Piper Jaffray 21st Annual Health Care Conference at 12:30 p.m. ET. Also announced that the U.S. FDA has approved Schering-Plough HealthCare Products NDA for ZEGERID OTC(TM) Capsules (omeprazole/sodium bicarbonate) with a dosage strength of 20 mg of omeprazole for OTC treatment of frequent heartburn.

Anchor BanCorp Wisconsin Inc. (Nasdaq: ABCW) 26% HIGHER; today announced that it has entered into agreements with Badger Anchor Holdings, LLC, pursuant to which Badger Holdings will make up to a $400 million investment in Anchor. Click here to see the full report.

RAM Energy Resources, Inc. (NASDAQ: RAME) 8% HIGHER; announced that it will be filing an amendment to the company's annual report on Form 10-K for the year ended December 31, 2008 and simultaneously will be filing amendments to its quarterly reports on Form 10-Q for the periods ended March 31, June 30 and September 30, 2009, primarily to restate impairment expense, depreciation and amortization expense, and related provision for income tax benefit, all as reflected in the financial statements for those periods as originally issued. Click here for the full report.

SWS Group, Inc. (NYSE: SWS) 6.2% LOWER; announced today that it has commenced an underwritten public offering of 4,100,000 shares of its common stock. The underwriters will be granted a 30-day option to purchase up to an additional 615,000 shares of common stock from the Company to cover over-allotments, if any. The Company intends to use the net proceeds for general corporate purposes and to support continued growth or selective opportunistic acquisitions. The offering is being made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

Regency Energy Partners LP (Nasdaq: RGNC) 5.6% LOWER; announced today the commencement of an underwritten public offering of up to 10,000,000 common units representing limited partner interests in Regency pursuant to an effective shelf registration statement on Form S-3. In connection with the offering, Regency has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common units. Regency intends to use the net proceeds from this offering to repay outstanding indebtedness under its revolving credit facility. The common units are listed on the NASDAQ Global Select Market under the symbol "RGNC."

Shanda Games (Nasdaq: GAME) 4.8% HIGHER; reports Q3 EPS of $0.24. Revenue for the quarter was $186.3 million.

American Technology Corporation (NASDAQ: ATCO) 4.1% HIGHER; reports Q3 loss of $0.03, versus the analyst estimate of $0.00. Revenue for the quarter was $15.8 million, which compares to $11.19 million reported for Q308. Reports 2009 revenues of $15.8 million vs. consensus of $16.87 million.

PDL BioPharma, Inc. (Nasdaq: PDLI) 3% HIGHER; announced revenue guidance for the fourth quarter ended December 31, 2009 of approximately $57 million, as compared with $69 million for the fourth quarter of 2008. (Current consensus is $60.61M)

LTX-Credence Corporation (NASDAQ: LTXC) 3% LOWER; reports Q1 non-GAAP loss of $0.01, 2 cents better than the analyst estimate of ($0.03). Revenue for the quarter was $41.9 million, which compares to the estimate of $43.50 million. Sees Q210 revs of $45 - $48 million, versus $49.20 million consensus. Also sees non-GAAP EPS of $0.00 - $0.02, versus ($0.01) consensus.

Culp Inc. (NYSE: CFI) 2% HIGHER; reports Q2 EPS of $0.22, versus the analyst estimate of $0.16. Revenue for the quarter was $49.7 million, which compares to the estimate of $49.50 million.

TeleCommunication Systems, Inc. (NASDAQ: TSYS) 1.6% LOWER; has entered into a definitive merger agreement to acquire Networks In Motion, Inc., a privately held provider of wireless navigation solutions for GPS-enabled mobile phones headquartered in Aliso Viejo, California, for an aggregate of $170 million. The merger consideration will be paid in a combination of cash, TCS common stock and promissory notes. Networks In Motion's Board of Directors has unanimously adopted the merger agreement and recommended its approval by Networks In Motion's stockholders.

To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.

Trading Radar for 12/2: Aeropostale (ARO), Synopsys (SNPS), Shanda Interactive (SNDA), Jo-Ann Stores (JAS) Report Dec 1, 2009 03:27PM

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Economics:
7:30am EST

• Challenger Job Cuts - no Street consensus

8:15am EST

• ADP Employment Report - Street sees (150K)

Earnings:

Synovis Life Technologies, Inc. (NASDAQ: SYNO) – consensus EPS $0.05
The Descartes Systems Group (NASDAQ: DSGX) – consensus EPS $0.09
The Pantry Inc. (NASDAQ: PTRY) – consensus EPS $0.39

Intraday or Not Specified:
Economics:
10:30am EST

• Crude Inventories - no Street consensus

2:00pm ESTFed Beige Book - no Street consensusEarnings:

Charming Shoppes (NASDAQ: CHRS) – consensus loss $0.13
Shanda Interactive Entertainment Ltd. (NYSE: SNDA) – consensus EPS $0.88

After Market Closes:
Earnings:

Aeropostale, Inc. (NYSE: ARO) – consensus EPS $0.91
Casella Waste Systems, Inc. (NASDAQ: CWST) – consensus loss $0.12
Collective Brands Inc (NYSE: PSS) – consensus EPS $0.49
Jo-Ann Stores, Inc. (NYSE: JAS) – consensus EPS $0.89
SeaChange International (NASDAQ: SEAC) – consensus EPS $0.06
Synopsys (NASDAQ: SNPS) – consensus EPS $0.32

Subscribe to EasyStockAlerts and get real-time e-mail alerts when news hits your stocks!

Unusual 11 Mid-Day Movers 12/01: BIOF, ZN, GSIT, CAGC, RDN Higher; STAA, LTON, ZOOM, OVTI Lower Dec 1, 2009 02:12PM

BioFuel Energy (Nasdaq: BIOF) 33.7% HIGHER; has jumped on headlines the EPA said it will decide on raising ethanol levels in gasoline in Mid-2010.

STAAR Surgical (Nasdaq: STAA) 23% LOWER; the stock is tumbling on heavy volume today as it could be breaking below some technical barriers. Shares haven't traded below the $3 level since early September.

Zion Oil & Gas (NYSE: ZN) 17.8% HIGHER; may be trading higher today as its rights offering to stockholders was significantly oversubscribed: preliminary results suggest subscriptions for over $37 million, which was much higher than the $18 million available.

Linktone (NASDAQ: LTON) 17.8% LOWER; reports Q3 adj-EPS of $0.01, compared to $0.02 in the same quarter last year. Revenue for the quarter was $17.6 million, versus $16.59 million in Q308.

GSI Technology Inc. (Nasdaq: GSIT) 17.3% HIGHER; continuing higher today. The stock surged nearly 40% yesterday amid news about the availability of SigmaQuad-IIIe and SigmaDDR-IIIe, two new SRAM products whose revolutionary architecture provides the ultimate in system performance, reliability, and flexibility for applications that require a high random address rate.

China Agritech (Nasdaq: CAGC) 17.2% HIGHER; not hearing any company-specific news but agriculture-related stocks may be rising today amid the ethanol news.

ZOOM Technologies (Nasdaq: ZOOM) 16.4% LOWER; not seeing any news that would justify today's decline.

Radian (NYSE: RDN) 14.3% HIGHER; shares are trading sharply higher today following some bullish comments from the company's CFO, Bob Quint, earlier. Among other comments, the exec said November delinquencies were less than expected. Click here to see some more highlights from the exec's presentation.

Euro Tech Holdings (Nasdaq: CLWT) 14% HIGHER; the stock is continuing higher today following yesterday's technical breakout. Volume remains very heavy.

Omnivision Technologies (NASDAQ: OVTI) 10.5% LOWER; reports Q2 EPS of $0.27, ex-items, 11 cents better than the analyst estimate of $0.16. Revenue for the quarter was $183.3 million, which compares to the estimate of $163.74 million. Sees Q3 sales of $145-$160 million and adj-EPS of $0.14-$0.24.

Protalix BioTherapeutics (NYSE: PLX) 10.2% LOWER; following a commercialization deal with Pfizer (NYSE: PFE) this morning, traders are saying that they are disappointed that there was no merger deal. Fast money was speculating that Protalix would be acquired by Teva (Nasdaq: TEVA) or Pfizer. With no merger, we are seeing a "sell the news" reaction.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

Notable ETF Movers 12/01: FXI, EWJ, GDX, BHH Up; FXY, UUP Lower Dec 1, 2009 12:22PM

StreetInsider.com Notable ETF Movers:

HIGHER;

• iShares FTSE/Xinhua China 25 Index (NYSE: FXI) up 2.84% to $44.94, and iShares MSCI Japan Index (NYSE: EWJ) up 3% to $9.85. Investors are working over foreign markets as investors took a more relaxed economic stance on data from Dubai, a move by Japan's central bank will infuse 10 trillion yen of liquidity, an interest rate hike in Australia made the AUD more attractive, and news from the European front was positive as their manufacturing industry grew for a second straight month. Also notable is the iShares MSCI United Kingdom Index (NYSE: EWU) which is up 2.64% to $16.70. For that matter, Brazil (NYSE: EWZ), Mexico (NYSE: EWW), and Canadian (NYSE: EWC) ETF's are all up about 2.50% on average.
  
  
• Market Vectors Gold Miners ETF (NYSE: GDX) shares are booming at $53.84, up $5.35%. Gold keeps mining the gains as the Yellow Bricks surpass the $1,200 mark. Gold miners love when this happens, it's like Christmas in December for them.

Out of left field today comes B2B Internet HOLDRs (NYSE: BHH) as Ariba (NASDAQ: ARBA), which compromises 84.62% of the ETF, is up about 3% on news that The Receivables Exchange will introduce an integrated networking solution that will be delivered solely through Ariba.

LOWER:

• CurrencyShares Japanese Yen Trust (NYSE: FXY) down 0.35% to $114.45. The ETF is certainly not looking foxy as Japan's Central bank said it will infuse 10 trillion yen ($115.8 billion) into commercial banks through short-term loans in an effort to fight deflation and boost liquidity. Additionally, PowerShares DB US Dollar Index Bullish (NYSE: UUP) is also down 0.63% to $22.03 as investors gain more confidence overseas [see above].

Notable Analyst Rating Changes 12/01: FITB, BPFH, MENT, CLWR, LTD, SPWRA Upgraded; NFLX, NUVA Downgraded Dec 1, 2009 11:37AM

UPGRADES:
Citigroup upgrades Fifth Third Bancorp (NASDAQ: FITB) from Hold to Buy.

SunTrust upgrades Boston Private Financial (Nasdaq: BPFH) to Buy. Price target $6.50.

JP Morgan upgrades Mentor Graphics (Nasdaq: MENT) from Underweight to Overweight and raises their price target from $9.00 to $10.50.

UBS upgrades Clearwire (NASDAQ: CLWR) from Sell to Neutral.

Soleil Securities upgrades Limited Brands (NYSE: LTD) from Sell to Hold. Price target $15.50. Click here for the full report.

Pacific Crest upgraded SunPower Corporation (NASDAQ: SPWRA) to Outperform with a $29 price target. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Merriman Curhan Ford downgrades Netflix, Inc. (NASDAQ: NFLX) from Buy to Neutral. Click Here for more color.

Brean Murray downgrades NuVasive (NASDAQ: NUVA) from Buy to Hold. The stock was also downgraded to Market Perform at JMP Securities.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
HSBC initiated coverage on shares of Boeing (NYSE: BA) with an Underweight rating, the equivalent of a Sell, and a $45 price target.

Ticonderoga Securities initiates coverage on Monsanto (NYSE: MON) with a Sell and $68 price target. For more color, Click Here.

JMP Securities initiates coverage on Adobe Systems (NASDAQ: ADBE) with a Market Outperform rating.

Piper Jaffray & Co. initiates coverage on Novavax, Inc. (NASDAQ: NVAX) with an Overweight rating. Price target $4.50. Click Here for more color.

Bank of America initiates coverage on Alpha Natural Resources (NYSE: ANR) with a Buy. Price target $50.

Morgan Stanley initiates coverage on Banco Santander (NASDAQ: BSBR) with an Overweight rating.

Keefe, Bruyette & Woods initiates coverage on Vornado Realty Trust (NYSE: VNO) with a Market Perform rating. Price target $66. Click Here for more details.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage