Last Nights Noteables

Upgrades Downgrades

Intuitive Surgical, Inc. (ISRG)
recent weakness a buying opportunity, says Madison Williams

Annaly Capital Management (NLY)
Leads Pre-Market Volume - Prices 120 Mln Share Offering at $17.70 Per Share


Novellus Systems, Inc. (NVLS)
 Little light on revs, little better eps  350 vs 352m est  .79 vs .76 est
    
Microchip (MCHP)
 lowers earning guidance

Clean Energy Fuels Corp. (CLNE)
 in motion with this CHK investment Tim_K:  coler on clne : SEAL BEACH, Calif.--(BUSINESS WIRE)-- In a major alliance supporting the growing transition by major shippers and trucking operators from diesel to natural gas fuel, Chesapeake Energy Corporation (NYSE:CHK), the nation?s second largest natural gas producer, is investing $150 million in Clean Energy Fuels Corp. (Nasdaq:CLNE), North America?s largest provider of natural gas fuel for transportation. The investment is dedicated to help fund the development of approximately 150 LNG truck fueling stations at strategic truck-stop locations along major trucking corridors to form the backbone of ?America?s Natural Gas Highway.? Chesapeake is the sole investor in the transaction, and will make the investment in Clean Energy through its newly formed, wholly owned subsidiary, Chesapeake NG Ventures Corporation (CNGV). 

Last Nights Chat Notes:

3:58p (T3) Tim_K:  inside 2 minutes
3:58p Bobby:  VIT below $20
4:00p Turbo1:  Was that a short covering bounce, or someone trying to paint the tape a little better
4:02p (T3) Tim_K:  CLNE  in motion with this CHK investment
4:02p Mike M:  Tim tought s on AA
4:02p (T3) Tim_K:  color on clne : SEAL BEACH, Calif.--(BUSINESS WIRE)-- In a major alliance supporting the growing transition by major shippers and trucking operators from diesel to natural gas fuel, Chesapeake Energy Corporation (NYSE:CHK), the nation?s second largest natural gas producer, is investing $150 million in Clean Energy Fuels Corp. (Nasdaq:CLNE), North America?s largest provider of natural gas fuel for transportation. The investment is dedicated to help fund the development of approximately 150 LNG truck fueling stations at strategic truck-stop locations along major trucking corridors to form the backbone of ?America?s Natural Gas Highway.? Chesapeake is the sole investor in the transaction, and will make the investment in Clean Energy through its newly formed, wholly owned subsidiary, Chesapeake NG Ventures Corporation (CNGV).         
4:03p (T3) Tim_K:  no real thoughts on AA Mike
4:03p enoryT: 
4:03p (T3) Tim_K:  beats on the # misses on pes
4:03p (T3) Tim_K:  misses on eps

4:03p (T3) Tim_K:  none yet

4:04p (T3) Tim_K:  reaffirming projections for aluminum demands
4:05p (T3) Tim_K:  clean est .32 vs .34
4:06p (T3) Tim_K:   NVLS:     nvls little light revs, little better eps    not trading    350 vs 352m est    .79 vs .76 est   
4:07p (T3) Tim_K:  NLY doing an offering - coming off
4:07p (T3) Tim_K:  17.78 is the 200 day
4:09p Mike M:  AA coming off
4:09p (T3) Tim_K:  aa
4:09p Turbo1:  but not spys
4:09p Turbo1:  after hours ramp in minis
4:09p (T3) Tim_K:  NLY starting to bounce




4:15p (T3) Tim_K:  MCHP lowers earning guidance


CVX - quarters, benefiting from higher crude
oil prices. Downstream earnings in the second quarter are also expected to be
higher, reflecting improved industry margins.