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Monday, February 19, 2007

Stocks Rising on Unusually High Volume

Partner Communications (PTNR)

Composite Rating: 99*. The Israeli wireless communications services provider is trading near seven-year highs. In late January, it reported its second straight quarter of triple-digit profit growth. Sales growth has accelerated for two quarters. Volume % Change**: +186%

Garmin Ltd. (GRMN)

Composite Rating: 97. The GPS device maker is hovering near record highs after the company turned in a 105% jolt in Q4 earnings, 25 cents ahead of analysts’ views. Sales jumped 91% to $611.2 million. It also guided full-year 2007 profit ahead of consensus estimates. Volume % Change: +732%

Mechel Oao (MTL)

Composite Rating: 97. The Russia-based company has operations in coal, iron and nickel mining. It also makes steel and carbon products. The stock’s Accumulation/Distribution Rating jumped to A from C in one month. Volume % Change: +346%

Millicom International Cellular (MICC)

Composite Rating: 97. Millicom provides prepaid voice services to emerging markets such as Latin America, Africa, and Asia. Its fourth-quarter earnings vaulted 257%. Sales climbed 85% to $544 million. Last month, it agreed to sell its majority stake in Paktel Limited to China Mobile for about $284 million in cash. Volume % Change: +230%

Affiliated Managers Group (AMG)

Composite Rating: 97. The asset manager has gained about 12% since the beginning of the year, nearly doubling that of its Finance-Investment Management Group. The company’s after-tax profit margin jumped to 20.9% in its latest reported quarter, the highest in 13 quarters. Volume % Change: +162%

Jones Lang Lasalle (JLL)

Composite Rating: 97. Mutual fund ownership of the real estate and money management firm jumped to 171 funds from 127 three quarters ago. Last year, the company grew profit by 66%, the biggest annual profit growth in two years. Volume % Change: +141%

Cummins Inc. (CMI)

Composite Rating: 97. In late January, the engine maker reported Q4 profit slightly below views, but guided full-year 2007 earnings ahead of consensus estimates. Earlier this month, it formed a joint venture with a Nigerian company to make power generation systems. The stock hovers near an all-time high. Volume % Change: +112%

Deere & Co. (DE)

Composite Rating: 96. The farming machinery maker powered to a new peak after strong fiscal first-quarter results. Longbow upgraded the stock to neutral from sell. Due to rising global consumption of renewable fuels, Deere anticipates worldwide farming activities to be favorable. Volume % Change: +395%

WellCare Health Plans (WCG)

Composite Rating: 96. The managed healthcare provider’s Q4 profit vaulted 156% as membership more than doubled and surpassed analysts’ views. Its full-year earnings guidance was mostly line, but sales are expected to exceed analysts’ estimates. Volume % Change: +195%

Lamson & Sessions (LMS)

Composite Rating: 95. The maker of building products such as pipes and fittings is exploring strategic alternatives, which may include a sale of the company. It has turned in triple-digit profit growth for seven of the past eight quarters. Volume % Change: +278%

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