Jim Cramer Blog

Applied Signal Technology Inc. (NASDAQ:APSG - News) shares fell 15% Tuesday after the company late Monday reported fourth-quarter net income fell to 5 cents a share from 26 cents in the year-earlier period.
Shares in drug giant AstraZeneca (NYSE:AZN - News) slid 3.5% on news that a key patent protecting its top-selling antacid drug Nexium had been shot down by European regulators.
Shares in Circuit City Stores Inc. (NYSE:CC - News) fell 17% after the company reported a surprise third-quarter loss, hurt by price cuts on flat-panel televisions and other consumer electronics that eroded margins.
Delta Air Lines (Other OTC:DALRQ.PK - News) shares dropped 6.1% after the company filed a reorganization plan that valued its business at $9.4 billion to $12 billion, richer than the $8.4 billion merger offer from U.S. Airways Group (NYSE:LCC - News), which it formally rejected.
Fuelcell Energy Inc. (NASDAQ:FCEL - News) shares fell 5% after the company said its fourth-quarter net loss available to shareholders widened to $25.1 million, or 47 cents a share, compared with a net loss of $19.5 million, or 40 cents a share, in the same period last year, mainly due to higher product sales and costs. The Danbury, Conn.-based manufacturer of electric power generation plants said revenue rose 14.7% to $9.13 million from $7.96 million. Analysts polled by Thomson First Call had expected a per-share loss of 35 cents, on revenue of $9 million.
Luby's Inc. (NYSE:LUB - News) shares dropped 4.6% after the Houston-based restaurant operator reported fiscal first-quarter net income of $1.92 million, or 7 cents a share, down from $2.22 million, or 12 cents a share, in the year-ago period. Revenue in the quarter ended Nov. 22 rose slightly, to $73.7 million from $72.6 million, while same-store sales increased 1.7%. Analysts polled by Thomson First Call had forecast a per-share profit of 8 cents.
Nasdaq Stock Market Inc. (NASDAQ:NDAQ - News) shares fell 5.5% after the London Stock Exchange on Tuesday again rebuffed its takeover bid.
Ness Technologies Inc. (NASDAQ:NSTC - News) shares fell 5.6% after the Hackensack, N.J.-based IT services provider said it has agreed to acquire Selesta Espana S.A.U. for 6.25 million euros ($8.2 million). Selesta Espana is a privately held IT software distribution and systems integration company based in Spain. Ness said the deal includes an additional 3.75 million euros to be paid over the next two years based on the achievement of certain performance goals.
Oracle (NASDAQ:ORCL - News) shares sank 4.5% after the company reported fiscal second-quarter sales of new software licenses were less than expected, stoking concerns over the pace of future revenue growth.
Physicians Formula Holdings Inc. (NASDAQ:FACE - News) shares fell 5.2% after the company reported third-quarter net income fell to $223,000 from $589,000 in the year-earlier period.
PSS World Medical Inc. (NASDAQ:PSSI - News) shares dropped 5.8% after the company said it has authorized the repurchase of up to 5% of its outstanding common stock, or roughly 3.4 million shares. As of Sept. 29, the company had around 67.7 million outstanding shares. Jacksonville, Fla.-based PSS World Medical is a distributor of medical products to physicians and elder care providers. The company's shares fell 3.9% to $19.82 in Tuesday morning trade.
Tuesday Morning Corp. (NASDAQ:TUES - News) shares fell 11% after the Dallas-based home accessories retailer revised its 2006 forecast. The company now expects earnings of 78 cents to 84 cents a share on revenue of $905 to $915 million. Same-store sales are expected to fall 7.7% to 8.7% in 2006.
-Marketwatch

Labels: APSG, AZN, CC, FACE, FCEL, LCC, LUB, NDAQ, NSTC, ORCL, PSSI, TUES

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Oracle (NASDAQ:ORCL - News) matched earnings on Monday afternoon with $0.22 EPS. ORCL's PowerRating is 6.
Perot Systems (NYSE:PER - News) announced plans to buy QSS Group for $250 million; the deal should add $0.05 EPS in 2007. PER's PowerRating is 4.
Applied Signal (NASDAQ:APSG - News) missed earnings by a long-shot, announcing $0.05 EPS vs an expected $0.21 EPS.
Circuit City (NYSE:CC - News) reports earnings on Tuesday before the open; look for $0.05 EPS. CC's PowerRating is 5.
Morgan Stanley (NYSE:MS - News) announces quarterly earnings on Tuesday morning, with analysts expecting $1.77 EPS. MS's PowerRating is 5.
Scholastic (NASDAQ:SCHL - News) is expected to report $1.71 EPS on Tuesday morning before the open. SCHL's PowerRating is 5.
When FactSet (NYSE:FDS - News) reports earnings on Tuesday morning, look for $0.46 EPS. FDS's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: APSG, CC, FDS, Hot Stocks, MS, ORCL, PER, SCHL

Among the companies whose shares are expected to see active trade in Monday's session are Harrah's Entertainment Inc., FuelCell Energy Inc., Dell Inc. and Andersons Inc.
Applied Signal Technology (APSG) is expected to report earnings per share for the fourth quarter of 22 cents, according to analysts polled by Thomson First Call.
FuelCell (FCEL) is expected to post a per-share loss of 35 cents for the fourth quarter.
Harrah's Entertainment (HET) is on the verge of being sold to two private- equity firms, Apollo Management and Texas Pacific Group, for at least $90 a share, the online edition of The Wall Street Journal reported Sunday.
Joy Global Inc. (JOYG) is expected to report per-share income for the fourth quarter of 66 cents.
Oracle Corp. (ORCL) is expected to post second-quarter per-share income of 22 cents.
Piedmont Natural Gas Co. (PNY) is expected to report first-quarter per-share income of 97 cents.
Steelcase Inc. (SCS) is expected to report earnings of 19 cents per share for the third quarter.
After Friday's closing bell, Dell (DELL) said it received a Nasdaq letter on Dec. 15 indicating that the company is not in compliance with continued listing requirements. The computer giant said the letter relates to the company's delayed third-quarter filing.
Also, three top executives at Time Warner Inc.'s (TWX) AOL unit plan to quit as part of a reorganization expected to be made public this week, according to several media reports. The execs include: Jim Bankoff, AOL's executive vice president of programming, Joe Redling, chief marketing officer, and John Buckley, a chief public-relations officer.
Watch list
Andersons (ANDE) said it has raised the quarterly cash dividend 5.6% to 4.75 cents per share. The dividend is payable Jan. 22 to shareholders as of Jan. 2.
Boston Scientific Corp. (BSX) said it is voluntarily recalling certain lots of the Mach 1 guide catheter in the United States. The medical devices maker said some units of the catheter may contain excess resin that could obstruct a blood vessel if detached during a procedure.
Comverse Technology Inc. (CMVT) Chairman Ron Hiram has resigned from the board. Hiram's resignation was tendered in view of the recent appointment of an additional five new independent directors. Also, the company has received an additional Nasdaq delisting notice over the company's delayed Form 10-Q filing for the quarter ended Oct. 31.
Guitar Center Inc. (GTRC) said its Nov. 22 agreement to buy the assets of Dennis Bamber Inc. has been terminated upon bankruptcy court approval of an alternative bidder for the business.
Imax Corp. (IMAX) said it has determined that a sale or merger of the company will not enhance shareholder value. The Toronto-based entertainment company said it will instead focus on the growth of its network and on strategic business initiatives.
King Pharmaceuticals Inc. (KG) said an arbitration panel has decided in favor of Elan Corp. (ELN) in a dispute related to King's Sonata insomnia drug. The panel ordered King to pay Elan about $49.8 million, plus interest, in milestone payments and other research and development expenses.
Nasdaq Stock Market Inc. (NDAQ) said it has approved a new employment contract for President and Chief Executive Robert Greifeld, extending his deal through Dec. 31, 2010.
PetSmart Inc. (PETM) said it has amended its bylaws to adopt a majority voting standard for the election of directors in uncontested elections. The Phoenix- based retailer of pet products and services said that under the new standard a director in an uncontested election must receive more than 50% of the votes cast.
Power Integrations Inc. (POWI) said it has informed the Nasdaq that it will not meet the Listing and Hearing Review Council's Dec. 18 deadline to become current in its filings. The company expects its shares to be delisted from the Nasdaq Global Market as of the start of trading on Dec. 19.
Refco Inc. (RFX) , the derivatives broker that collapsed in scandal last year, said its Chapter 11 plan was confirmed by a New York bankruptcy court, clearing the way for its businesses to be finally shut down and creditors repaid a portion of what they were owed.
Private-equity firms Clayton Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co. are in talks to acquire Royal Ahold NVU.S. foodservice unit in a leveraged buyout, according to a media report.
Standard & Poor's said it's changing the makeup of the S&P 500 and SmallCap 600 indexes after the close of trading Tuesday. Terex Corp. (TEX) will replace Navistar International Corp. (NAV) in the S&P 500. Mannatech Inc. (MTEX) will replace American Italian Pasta Co. (PLB) in the S&P SmallCap 600.
By Dow Jones

Labels: ANDE, APSG, BSX, CMVT, DELL, FCEL, GTRC, HET, IMAX, JOYG, KG, MTEX, NDAQ, ORCL, PETM, POWI, RFX, SCS, TEX, TWX