Stocks Moving on News - 08-24-12

Friday's stocks moving on news include Apple, Samsung, Nokia, Research in Motion, Zynga, Bristol-Myers Squibb and Sales- force.com.

Apple (Nasdaq: AAPL) and Samsung (OTC: SSNLF.PK) each lost on a Korean ruling that both companies infringed upon the other’s patents, but Apple lost more. The result is a partial ban of their products in South Korea. The court ordered Apple to stop selling its iPhone 3GS, iPhone 4, iPad 1 and iPad 2, while it stopped Samsung from selling its Galaxy S2 and a few other products. That’s a harsh result for both companies, but it’s good news for Research in Motion (Nasdaq: RIMM), Nokia (NYSE: NOK) and others. The shares of Apple are down fractionally in the pre-market while shares of Samsung were down 0.9% in Korea. Look for Nokia to shine today. In an unrelated story, we just suggested it is time for Apple to split its shares.

A report published this morning says Zynga (Nasdaq: ZNGA) bosses have left town as the stock collapsed this month. At least four important managers have fled for other jobs. ZNGA shares are down 70% since their IPO opening last December. I warned about Zynga’s valuation and competitive position in an article authored last February.

Bristol-Myers Squibb (NYSE: BMY) dropped its Hepatitis C drug development after one of its patients died of heart failure. The drug BMS-986094 was being tested and has been discontinued in the interest of the safety of patients. The drug was under mid-stage review, and has now been placed by the FDA on clinical hold. The stock is down only fractionally in early going, as the company seems to have cut its losses early enough. We’ll see what develops with the limited study pool of patients.

Salesforce.com (NYSE: CRM) is down 4.3% in early going. Despite reporting better than expected results for the latest period, the company said it would earn $0.31 to $0.32 in the coming third quarter; that matched against Street views for $0.34 on average.

Friday’s highlighted earnings reports include Eurocastle Investments (ECT.AS), RenaSola (SOL), Syswin (SYSW), 24SevenTechnology (TFSO.OL), AAC Technologies (2018.HK), Ackermans en van Haaren NV (ACKB.BR), China WindPower Group (182.HK), China Shanshui Cement (691.HK), Tat Technologies (TATT), The Madison Square Garden Co. (MSG) and several others. Yesterday saw big losses from Big Lots (NYSE: BIG) and Guess (NYSE: GES), so the two will be under scrutiny today.

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

IntriCon (NasdaqGM: IIN) - Greatest Gainer Stocks

Monday’s greatest stock gainers were led by First Trust Strategic High (NYSE: FHY) and IntriCon (Nasdaq: IIN), which soared 189% and 35% respectively. First Trust Strategic High incurred a 1 for 3 reverse stock split as part of its reorganization, so we focus our article here on the greatest gainer benefiting from a fundamental driver other than merger or acquisition or non-operating factor. In this case, it’s IntriCon (NasdaqGM: IIN) and its important new business won on Monday.

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

IntriCon (NasdaqGM: IIN)

IntriCon soared 35% Monday on news that it had been chosen to be the original equipment manufacturer (OEM) of hearing aids for hi HealthInnovations, a UnitedHealth Group (NYSE: UNH) business. IntriCon specializes in the manufacture and distribution of miniature and micro-miniature body worn devices. Its products serve medical health purposes, hearing and professional audio communications, including for security personnel.

This specific deal was effected because of IntriCon’s low-cost hearing aid. hi HealthInnovations indicated that research shows 75% of people who can benefit from hearing aids do not use them due to their high cost. The company indicates the market size at 36 million Americans. And while these hearing aids are lower costing, they are (according to the parties involved) high performing. The specific devices in this deal involve IIN’s new APT Open-in-the-canal (ITC) hearing aid platform. IntriCon employs nanotechnology in its products, thus offering tiny, ascetically pleasing products that use little power. The company will be producing in Indonesia by the end of 2011, keeping costs controlled and barring any quality control or other complications during start up.

The stock dropped this past summer after reporting results that compared poorly against the prior year quarter, and sales were down. Even as it near simultaneously gained FDA approval for a health monitoring device, the shares plunged. This latest win seems counter to the company’s intention to fatten margins through proprietary sales, but it also should significantly help top line volume, thus appeasing recent concerns. The stock was up a dollar Monday on the news, to a $4 level that looks to have technical significance.

It’s hard to say what impact this business win will have upon the company’s results in detail, given the little information provided by the company, no readily available analyst research, and without spending significantly more time researching the company. It does appear to be part of an intermediate strategy that will help the company restore profitability in 2012, and so the $4 price reached Monday seems secure to me, with upside likely, especially with any new positive wins. Higher costs on successful R&D efforts weighed on profitability over the recent past, and so it looks as though IIN is positioned to reap some reward now, based on this brief study. Also, the company’s production facility in Indonesia should aid in gross margin expansion as well in coming quarters, again, barring any missteps. As an analyst, I could not offer a buy recommendation on the shares based on the amount research done to this point, but I can say that I have a favorable opinion based on what I know now, and that I believe Monday’s price gain will hold.

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Stock Gainers	Percent Change
First Trust Strategic High (NYSE: FHY)	+189%
IntriCon (NasdaqGM: IIN)	+35%
Pacific Gas & Electric 4.36 (AMEX: PCG-PI)	+27%
Pharmaceutical Product Development (Nasdaq: PPDI)	+26%
Meade Instruments (NasdaqCM: MEAD)	+16%
Oak Valley Bancorp (NasdaqCM: OVLY)	+16%
Global-Tech Advanced Innovation (NasdaqGM: GAI)	+16%
The Medicines Co. (NasdaqGS: MDCO)	+12%
57th Street General Acquisition (NasdaqCM: CRMB)	+11%
Emergent Biosolutions (NYSE: EBS)	+11%
Old Second Bancorp (NasdaqGS: OSBCP)	+8.6%
Valley Financial (NasdaqCM: VYFC)	+8.3%
Acura Pharmaceuticals (NasdaqCM: ACUR)	+7.9%
Orckit Communications (NasdaqGM: ORCT)	+7.7%
TF Financial (NasdaqGM: THRD)	+7.4%
Stewardship Financial (NasdaqCM: SSFN)	+7.4%
Newport Bancorp (NasdaqGM: NFSB)	+7.4%
EntreMed (NasdaqCM: ENMD)	+7.2%
ClickSoftware Technologies (NasdaqGS: CKSW)	+6.9%
Grupo Aeroportuario del Centro (NasdaqGS: OMAB)	+6.8%
Bioanalytical Systems (NasdaqCM: BASI)	+6.7%
Pointer Telocation (NasdaqCM: PNTR)	+6.6%
Hadera Paper (AMEX: AID)	+6.4%
Roberts Realty Investors (AMEX: RPI)	+6.4%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

BIGGEST LOSERS - SinoCoking Coal (Nasdaq: SCOK) 09-16-11

SinoCoking Coal (Nasdaq: SCOK) held the unfortunate position of “biggest loser” Friday, as the shares of the vertically integrated coal and coke producer dropped 21%. The shares of Wowjoint (NasdaqGM: BWOWU) and Research in Motion (Nasdaq: RIMM) both fell 19%, while Paulson Capital (Nasdaq: PLCC) slipped 15%.

BIGGEST LOSERS - SinoCoking Coal (Nasdaq: SCOK)

Stock Name and Symbol	% Change
SinoCoking Coal (Nasdaq: SCOK)	-21%
Wowjoint (NasdaqGM: BWOWU)	-19%
Research in Motion (Nasdaq: RIMM)	-19%
Paulson Capital (Nasdaq: PLCC)	-15%
Atlantic Coast Federal (Nasdaq: ACFC)	-15%
Guanwei Recycling (Nasdaq: GPRC)	-14%
China Ming Yang Wind (NYSE: MY)	-14%
USA Technologies (Nasdaq: USAT)	-14%
Bluegreen Corp. (NYSE: BXG)	-13%
China North East Petrol (AMEX: NEP)	-12%
Eagle Bulk Shipping (Nasdaq: EGLE)	-12%
TearLab (Nasdaq: TEAR)	-11%
Hoku Corp. (Nasdaq: HOKU)	-11%
American Superconductor (Nasdaq: AMSC)	-11%
Supertel Hospitality (NasdaqGM: SPPRP)	-11%
Severn Bancorp (Nasdaq: SVBI)	-11%
LCNB Corp. (Nasdaq: LCNB)	-11%
Inuvo (Nasdaq: INUV)	-11%
Coldwater Creek (Nasdaq: CWTR)	-11%
American Learning (Nasdaq: ALRN)	-10%
Mattersight (Nasdaq: MATR)	-10%
China Digital TV (NYSE: STV)	-10%
Patriot Coal (NYSE: PCX)	-10%
General Finance (NasdaqGM: GFN)	-10%
AAR Corp. (NYSE: AIR)	-9.4%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

GREATEST GAINERS - Scientific Learning (Nasdaq: SCIL)

Scientific Learning (Nasdaq: SCIL) leads the biggest stock gainers list for Friday September 16, 2011. SCIL added 30% in market capitalization, while Penson Worldwide (Nasdaq: PNSN) and KiOR (Nasdaq: KIOR) gained over 25% on the day. The full list of the day’s greatest gainers follows.

GREATEST GAINERS - Scientific Learning (Nasdaq: SCIL)

Stock Name and Symbol	% Change
Scientific Learning (Nasdaq: SCIL)	+30%
Penson Worldwide (Nasdaq: PNSN)	+28%
KiOR (Nasdaq: KIOR)	+27%
Bank of Virginia (Nasdaq: BOVA)	+23%
Lime Energy (Nasdaq: LIME)	+21%
China Kanghui (NYSE: KH)	+20%
Oak Ridge Fin’l (Nasdaq: BKOR)	+18%
Innotrac (Nasdaq: INOC)	+17%
Ever-Glory Int’l (AMEX: EVK)	+17%
Maui Land & Pineapple (NYSE: MLP)	+16%
Affirmative Insurance (Nasdaq: AFFM)	+16%
QAD, Inc. (Nasdaq: QADB)	+16%
China Green Agriculture (NYSE: CGA)	+16%
Plumas Bancorp (Nasdaq: PLBC)	+15%
First Fin’l Bancorp (NasdaqGS: FFBCW)	+15%
Insmed (Nasdaq: INSM)	+15%
MELA Sciences (Nasdaq: MELA)	+15%
BSQUARE (Nasdaq: BSQR)	+15%
K-V Pharmaceutical (NYSE: KV-A)	+15%
iSoftStone (NYSE: ISS)	+15%
Kingstone (Nasdaq: KINS)	+15%
Oculus Innovative (Nasdaq: OCLS)	+14%
Lantronix (Nasdaq: LTRX)	+14%
Dynavax (Nasdaq: DVAX)	+14%
Southern Community (Nasdaq: SCMF)	+13%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Market Movers - MELA, CONN, WWON, CYTXW Top the List

Wednesday’s biggest stock gainers were led by MELA Sciences, which soared 56% on the day. Conn’s Inc. followed with a strong gain of 39%. The day’s biggest losers were led by Westwood One and Cytori Therapeutics, which each fell by 19%. Find the entire list of the day’s market movers, the greatest gainers and biggest losers, below.

Market Movers

Stock Gainers	Stock Losers
MELA Sciences (Nasdaq: MELA)	Westwood One (Nasdaq: WWON)
Conn’s (Nasdaq: CONN)	Cytori Therapeutics (Nasdaq: CYTXW)
Petroleum Develpmt (Nasdaq: PETD)	Boston Private Fin’l (Nasdaq: BPFHW)
MGIC Investment (NYSE: MTG)	CommerceFirst Bancorp (Nasdaq: CMFB)
FuelCell Energy (Nasdaq: FCEL)	Ohio Legacy (Nasdaq: OLCB)
Walter Energy (NYSE: WLT)	VASCO Data (Nasdaq: VDSI)
Westport Innovatns (Nasdaq: WPRT)	Seneca Foods (Nasdaq: SENEB)
BankAtlantic (Nasdaq: BBXT)	River Valley Bancorp (Nasdaq: RIVR)
Amedisys (Nasdaq: AMED)	Lantronix (Nasdaq: LTRX)
Talbots (NYSE: TLB)	HMN Financial (Nasdaq: HMNF)
Stratasys (Nasdaq: SSYS)	Sutor Technology (Nasdaq: SUTR)
Global Industries (Nasdaq: GLBL)	EntreMed (Nasdaq: ENMD)
Hovnanian (Nasdaq: HOVNP)	First Bancshares (Nasdaq: FBSI)
LightPath (Nasdaq: LPTH)	Orckit Communications (Nasdaq: ORCT)
Radian Group (NYSE: RDN)	Tower Semiconductor (Nasdaq: TSEMG)
Wireless Ronin (Nasdaq: RNIN)	Recon Technology (Nasdaq: RCON)
Tri-Tech (Nasdaq: TRIT)	Perfumania (Nasdaq: PERF)
Gentiva Health (Nasdaq: GTIV)	Ameriana Bancorp (Nasdaq: ASBI)
Celldex (Nasdaq: CLDX)	Mecox Lane (Nasdaq: MCOX)
SuperMedia (Nasdaq: SPMD)	InnSuites Hospitality (AMEX: IHT)
Computer Task Grp (Nasdaq: CTGX)	Lake Shore Gold (AMEX: LSG)
interCLICK (Nasdaq: ICLK)	Crexendo (AMEX: EXE)
Standex (NYSE: SXI)	Arrhythmia Research (AMEX: HRT)
FSI Int’l (Nasdaq: FSII)	AeroCentury (AMEX: ACY)

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.