Hot Stocks Of The Day: BP, KERX, ASYS, HSWI, WTNY, CCMP
Wednesday, July 14, 2021 1:49 PM

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BP Plc (NYSE: BP): Shares of the British energy giant fell more than 2% on Wednesday after the company said that it is delaying testing on a newly-installed cap over its leaking oil well in the Gulf of Mexico to allow scientists more time to examine the procedure to measure levels of pressure.

Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX):  Shares of the company jumped as much as 14% after it announced that KRX-0401 (perifosine) has received Orphan Drug designation from the U.S. Food and Drug Administration (FDA) for the treatment of neuroblastoma, a cancer of the nervous system affecting mostly children and infants for which there are no FDA approved therapies. Orphan drug designation is granted by the FDA Office of Orphan Drug Products to novel drugs or biologics that treat a rare disease or condition affecting fewer than 200,000 patients in the U.S. 

Amtech Systems, Inc. (NASDAQ: ASYS): Shares of the solar equipment supplier surged as much as 10% after it posted record third-quarter preliminary revenue  of $42 million , a 161% increase over the preceding quarter and 227% increase over the third quarter of fiscal 2009. The company also reported record fiscal third quarter bookings of approximately $44 million.J.S. Whang, Chief Executive Officer of Amtech, commented, "Our strong preliminary revenue for the third quarter further demonstrates our market leadership in solar diffusion and our operational capability to manage and service this high growth market. With our continued success in expanding our solar market share with an increasing number of top tier solar customers, we recorded a record number of orders for a third quarter. As planned, we have ramped up operations to support our record-breaking order momentum and profitably manage our rapid growth."

HSW International, Inc. (NASDAQ: HSWI): Shares of the company soared more than 100% on Wednesday after the Atlanta, Georgia-based company announced a content distribution and branding relationship for its BoWenWang website with NetEase (NASDAQ: NTES) , one of China's largest web portals with over 500 million page views per day.

Whitney Holding Corporation (NASDAQ: WTNY): Shares of the company slumped more than 14% on Wednesday after it said that it expects to record a provision for credit losses in the second quarter of 2010 ranging between $57 million and $62 million. The company said that majority of the second quarter's provision expense is related to ongoing issues in the commercial and residential real estate markets in Florida. The provision also reflects an increase in criticized loans during the second quarter in Texas and Louisiana, the establishment of a $5 million reserve for the impact of the oil spill on tourism in Gulf Coast beach communities, and a willingness to capitalize on the increasing opportunities to dispose of problem assets during the quarter and in the near term. Net charge-offs for the second quarter of 2010 are expected to be between $52 million and $57 million.

Cabot Microelectronics Corp. (NASDAQ: CCMP): Shares of the company slumped more than 5% on Wednesday after it announced that its operating expenses increased significantly in the third fiscal quarter, ended June 30, 2010, due to higher litigation costs. The company expects to report operating expenses, which include research, development and technical, selling and marketing, and general and administrative expenses, of approximately $34.5 million in the third fiscal quarter, or $2.4 million higher than the $32.1 million reported in the previous quarter. 

Disclosure: Author doesn't own any of the stocks discussed here.

 

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Market news:

  • LA judge weighs ownership of gigantic emerald Sep 24, 2021 04:21 PM

    • LOS ANGELES - One of several people claiming ownership of an 840-pound emerald has told a judge he paid for the behemoth gem shortly after it was unearthed in Brazil.
    • Anthony Thomas took the stand in a Los Angeles courtroom Friday and was questioned by lawyers for other people claiming they are the rightful owners.
    • Thomas says that in 2001 he paid just $60,000 for the so-called Bahia Emerald, the world's second-largest emerald.
      • Ohio mom pleads not guilty to giving toddler pot Sep 24, 2021 04:19 PM

        • CINCINNATI - A suburban Cincinnati woman accused of giving her 2-year-old daughter marijuana has pleaded not guilty.
        • Jessica Gamble entered the plea Friday to charges of corrupting another with drugs, child endangering and tampering with evidence.
        • A Hamilton County magistrate ordered the 21-year-old Gamble to stay away from children and increased her bond to $10,000.
          • AP-GfK Poll: Dems disliked, but so is GOP Sep 24, 2021 04:14 PM

            • WASHINGTON - If anyone is scorned as much as Democrats these days, it's Republicans - the party that may recapture the House and perhaps the Senate in November's elections.
            • Yet Democrats trying to exploit the GOP's unpopularity in hopes of hanging onto control of Congress face a problem: People who dislike Democrats seem ready to vote in greater numbers than those with little use for Republicans.
            • In an Associated Press-GfK Poll this month, 60 percent disapprove of the job congressional Democrats are doing - yet 68 percent frown on how Republicans are performing.
              • Lindsay Lohan returns to Calif. jail in handcuffs Sep 24, 2021 03:49 PM

                • BEVERLY HILLS, Calif. - Lindsay Lohan returned to jail in handcuffs Friday after a judge refused to set bail and ordered her to remain in custody for failing a drug test until another hearing nearly a month away.
                • It will be Lohan's third jail stint for a 3-year-old drug and drunken driving case filed after a pair of high-profile arrests in 2007.
                • Lohan's attorney, Shawn Chapman Holley, asked Fox whether Lohan's full probation revocation hearing could be delayed a week.
                  • APNewsBreak: 4th man sues Ga. megachurch pastor Sep 24, 2021 03:49 PM

                    • ATLANTA - A fourth young male member of Bishop Eddie Long's megachurch says the prominent pastor coerced him into a sexual relationship.
                    • New Birth Charlotte is a satellite church run by Long in Charlotte, N.C. The man met Long in May 2005.
                    • It said that Long later encouraged him to move to Atlanta, where the activity continued until early 2009.

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