Today’s Top 9 Trading Ideas

Posted by on Sep 02, 2010 | No comment

Sycamore Networks Inc. (NASDAQ: SCMR) is soaring on better-than-expected Q4 results. The communications equipment maker posted adjusted earnings of 5 cents per share, compared with analysts’ view of a loss of 9 cents a share, while revenue climbed 29% to $22.2 million. At last check, the stock was up by 22.05% at $27.12 on nearly six times the average volume. (NASDAQ:SCMR), (SCMR)

Rexahn Pharmaceuticals Inc. (AMEX: RNN) is up 6.61% to $1.29 on nearly eight times its average volume. The company announced the publication of a research article in Bioorganic & Medicinal Chemistry Letters on the anti-tumor activity of RX-8243 and its analogues. (AMEX:RNN), (RNN)

Harry Winston Diamond Corp. (USA) (NYSE: HWD) is up following its strong Q2 results. Scotia Capital has upgraded shares of the Canadian diamond producer to Sector Perform. Shares are up by 19.30% at $12.24 on above-average volume of over 745K shares. (NYSE:HWD), (HWD)

3PAR Inc. (NYSE: PAR) shares get a boost after Hewlett-Packard Co. (NYSE: HPQ) raised its bid to $33 per share, topping Dell’s (NASDAQ: DELL) $32. Shares are up by 2.37% at $32.84 on over four times the average trading volume. (NYSE:PAR), (PAR)

UTi Worldwide Inc. (NASDAQ: UTIW) is on the move after it reported Q2 earnings that beat estimates. But the California-based logistics company expects volume growth to moderate on the back of a slowing economy. Shares are up by 5.16% to $15.08 on over 577K shares. (NASDAQ:UTIW), (UTIW)

Research In Motion Limited (USA) (NASDAQ: RIMM) is up 0.82% to $44.49 on 5.06 million shares, despite a recent downgrade from JMP Securities. (NASDAQ:RIMM), (RIMM)

Pier 1 Imports, Inc. (NYSE: PIR) is higher after reporting an 11.2% increase in comparable store sales in the Q2. The company expects Q2 earnings between 10 and 12 cents per share, topping analysts’ view of 8 cents a share. Shares are up by 14.53% at $7.49 on above-average volume of 4.49 million shares. (NYSE:PIR), (PIR)

Nordstrom Inc. (NYSE: JWN) shares rise on strong August same-store sales. Shares are up by 6.04% at $32.15 on 3.76 million shares. (NYSE:JWN), (JWN)

Martek Biosciences Corp. (NASDAQ: MATK) is falling despite strong earnings report. The Columbia-based health and nutritional supplements maker on Wednesday posted a 33% rise in its Q3 profit, thanks to Amerifit Brands acquisition and stronger nutritional ingredient sales. Shares are down by 4.66% at $21.36 on over 328K shares. (NASDAQ:MATK), (MATK)

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While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

About BeaconEquity.com

BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

Beacon Equity Group Disclaimer

This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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