Saturday, February 27, 2010

NASDAQ Stocks to Watch on Monday March 1st, 2010: NUVA - YRCW - RJET


NUVA [NASD] - NuVasive, Inc. - Healthcare - Medical Instruments & Supplies

+$10.31
+34.73%
Volume: 12,541,204
Avg Volume (3month): 1,212,240

NuVasive Reports Fourth Quarter and Full Year 2009 Financial Results:

- Full year 2009 total revenue of $370.3 million; up 48.1% from the full year 2008
- Fourth quarter total revenue of $106.9 million; up 43.4% from fourth quarter 2008 and up 12.7% from third quarter 2009
- GAAP earnings of $2.3 million, or $0.06 per share, for the fourth quarter and $5.8 million, or $0.15 per share, for the full year
- Earnings, excluding certain adjustments, of $4.2 million, or $0.11 per share, for the fourth quarter and $12.3 million, or $0.32 per share, for the full year
- Operating cash flow of $46.4 million for the full year; up from ($5.0) million for the full year 2008

http://finance.yahoo.com/news/NuVasive-Reports-Fourth-prnews-2077312398.html?x=0&.v=1

NUVA had 10X it's average daily volume on Friday, and the biggest volume day in the three months this chart shows after they released end of the year and end of the quarter financial results. It's obvious that the market really liked their report. This stock may continue up on Monday, it may run sideways for a while, or it could pull back drastically. There may be some good scalping opportunities on this stock next week.



YRCW [NASD] - YRC Worldwide Inc. - Services - Trucking

+$.0596
+14.84%
Volume: 106,542,745
Avg Volume (3month): 22,265,200

Trucking companies haul in a freight rebound in January:

http://kansascity.bizjournals.com/kansascity/stories/2010/02/22/daily29.html?ana=yfcpc

YRCW got over five times it's average daily volume on Friday, and had the biggest volume day on this three month chart. All of the technical indicators are upticking sharply, and it appears to me that this one has bottomed. This might be a good time to enter a Swing Trade on this stock, and may also be a good one for Day Trading.



RJET [NASD] - Republic Airways Holdings Inc. - Services - Regional Airlines

+$0.77
+14.47%
Volume: 2,937,103
Avg Volume (3month): 708,386

Republic Airways to buy as many as 80 new jets:

http://finance.yahoo.com/news/Republic-Airways-to-buy-as-apf-1632752983.html?x=0&.v=2

Republic Airways Q4 profit little changed with Frontier Airlines Buy:

http://denver.bizjournals.com/denver/stories/2010/02/22/daily53.html?ana=yfcpc

RJET had over four times it's average daily volume on Friday, and also had it's biggest volume day in the past three months. It has broken above the resistance level at $5.50 and now has little resistance all the way up to the $7.00 area, and all of the technical indicators are upticking. This may be a good time to enter a Swing Trade position on this stock, and there may be some good Day Trading to be done on this one too...



Happy Trading,
Tom