Stocks on the Move Volume spike premarket

Pharmacyclics (PCYC) released preliminary results of its rights offering to purchase up to 22.5M shares of the Company’s common stock at a subscription price of $1.28 per share.

Affymax (AFFY) releaseds Q2 EPS ($1.17) vs. consensus of ($1.27)
Reports Q2 revenue $26.92M vs. consensus of $25.32M.

Whole Foods(WFMI) at 52week high which is about 50% of the 2007 highs. The companyt released earnings which were better than expected.  We had over 1 million shares trade hands after the report after the close yesterday.

Novavax,Inc. (Nasdaq:NVAX) pre market spike on volume.  This biotech company makes a virus particle vaccine that works on  H1N1 influenza.  Novavax has produced essential reagents for measuring vaccine potency and also has plans to produce additional batches of the pandemic H1N1 VLP vaccine to support human clinical studies. Shares are up a sharp 23% at $5.76 in trading as of 8:15 AM EST on 657,000 shares.

American Capital Ltd. ACAS is looking like a short this morning  The businesses posted a $547 million second-quarter loss and is outside of its covenants.  The loss came to -$2.52 EPS and net operating income fell 86% to $20 million or $0.09 EPS

Big 5 (BGFV) Sporting Goods upgraded to Neutral from Underperform at Wedbush
Wedbush upgraded Big 5 following the company’s better than expected Q2 results and raised its target on shares to $14 from $9.

Nasdaq Composite

Pivot points for the $COMP. Pivot High: 2024.375, Pivot Low: 2002.525. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Mid Day Report July 23 2009

NASDAQ NOON REPORT:
Heavy Volume for this time of day. Breadth is  very bullish across the board.
Advancing Issues: 1944 / Declining Issues: 591
Ratio of 3.29 to 1. Advancing Volume: 1,022,097,375 / Declining Volume: 264,470,625 — for a ratio of 3.86 to 1. New 52-Week Highs: 105 / New 52-Week Lows: 5.

$NYE NYSE NOON REPORT:

Light Volume for this time of day but breadth is bullish across the board.
Advancing Issues: 2535  Declining Issues: 400 — for a ratio of 6.34 to 1. Advancing Volume: 453,158,717  Declining Volume: 55,301,750
Ratio of 8.19 to 1.
New 52-Week Highs: 85
New 52-Week Lows: 1.

Mid-Day Market Wrap-Up

The Dow broke thru the 9,000 mark for the first time since January as a series of better than expected corporate earnings reports were released.

Existing home sales improved better than was forecast.
The Dow was up 166.26 to 9,047.52,
The S&P 500 was higher by 19.90 to 973.97,
NASDAQ increased 39.68 to 1,966.13
MARKET NEWS: Ford’s (F) second quarter earnings showed a loss that was less than estimated, as the automaker cut debt and increased domestic market share
AT&T (T) second quarter profits jumped thanks to increased use of services on mobile phone
Warren Buffett acquired shares in Moody’s (MCO) in 2000, but Berkshire Hathaway (BRK.A) has now cut its stake to 16.98% from 20.02%,
Among the companies reporting earnings after today’s market close are Amazon.com (AMZN),
American Express (AXP),
Capital One Financial (COF), and Microsoft (MSFT)
The most active stocks this Citigroup (C), Medarex (MEDX), and Hemispherx BioPharma (HEB).

Stocks on the Move High Volume

Cleveland Bio Labs Inc Nasdaq:CBLI  has had a great run today.   Shares are trading much higher than the normal volume and the charts look nice.   I still plan to sell at the end of the day.  Shares are up  $.50 to 4.88    or 11% for the day.     Chart pattern is a clear breakout.    Shares were at 13.00 in mid 2007.

First Bank corp Nasdaq:FBBN  also is up more than 30 times the normal volume.   Our morning report is right on the money.

Sands   NYSE:LVS look for shares to hit 15 later this year.   I do think we can pick it some stock in the low 8 range.  The stock has had a nice run.

LOS ANGELES: Onions make you cry, add flavor to food and are touted for their medicinal

benefits. Now the Onion has another use powering up Elect

A new system debuts on Friday that converts onion juice into electricity at Gills Onions, the largest fresh onion processor in the United States.

The Oxnard, California-based company expects its new onion-fueled power to reduce its electric bill by $700,000 a year and cut its annual greenhouse gas emissions by up to 30,000 tons.

The happy ending to this green energy tale, however, started with another question: how to get rid of onion waste.