StreetInsider.com Pre-Open Movers 08/20

August 20, 2007 9:18 AM EDT
StreetInsider.com Pre-Open Movers:

Luminent Mortgage Capital Inc. (NYSE: LUM) 15% HIGHER; Enters Letter of Intent with Arco Capital. Letter of Intent Includes Issuance of Warrants to Arco to Purchase Up to a 49% Voting Equity Stake and 51% Economic Interest and Proposes Capital and Credit Arrangement.

Dendreon Corp. (Nasdaq: DNDN) 10% HIGHER; announced publication of results from a Phase 1 study of NEUVENGE, an investigational active cellular immunotherapy, in the August 20 issue of the Journal of Clinical Oncology. The article highlights the safety profile, immune response and clinical activity of NEUVENGE in women with HER2/neu-positive breast cancer who have failed standard therapy.

Lowe's Companies Inc. (NYSE: LOW) 6% HIGHER; reports Q2 EPS of $0.67, 6 cents better than estimates. Revenues came in at $14.17 billion versus the consensus of $14.13 billion. Sees Q3 EPS of $0.43-$0.45, versus the consensus of $0.47. Sees FY08 EPS of $1.97-$2.01, versus the consensus of $1.97.

KKR Financial Holdings LLC (NYSE: KFN) 4.8% HIGHER; Hosting a conference call to discuss $230.4 million common share offering and $270.0 million common share rights offering to common shareholders.

NASDAQ Stock Market, Inc. (Nasdaq: NDAQ) 3.9% HIGHER; Said its Board of Directors has authorized the company to explore alternatives to divest its approximately 31% stake (61.3 million shares) in the London Stock Exchange Group plc (LSE).

First Solar, Inc. (Nasdaq: FSLR) 3.8% HIGHER; Deutsche Bank upgrades First Solar from Hold to Buy

Melco PBL Entertainment (Macau) LTD. (Nasdaq: MPEL) 3.7% HIGHER; Citi Upgrades to Buy

Sears Holdings Corporation (Nasdaq: SHLD) 1.2% HIGHER; Cramer highlights on Mad Money

Cabela's Inc. (NYSE: CAB) INDICATED HIGHER; Positive Barron's article

Vail Resorts Inc. (NYSE: MTN) INDICATED HIGHER; Positive Barron's article

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