Jim Cramer Blog

Advocat (NasdaqCM:AVCA - News) shares tumbled 28% Friday after the Brentwood, Tenn.-based health care services provider reported fourth-quarter net earnings of $2.28 million, or 37 cents a share, down from $12.9 million, or $1.99 a share, in the year-ago period. Revenue rose 3.8% to $55.8 million from $53.7 million. The company expects 2007 results in a range of a loss of 8 cents a share to a profit of a penny a share on revenue of $221 million to $228 million.
AFC Enterprises Inc. (NasdaqGM:AFCE - News) shares lost 6.7% after the company said Chief Executive and President Kenneth Keymer is resigning, effective March 30. The Atlanta parent of Popeyes Chicken & Biscuits said Frederick Beilstein, who had been AFC's chief financial officer from 2004 to 2005, will serve as interim CEO while the comapny seeks a permanent successor to Keymer. Beilstein is a managing partner of Equicorp Partners LLC, an Atlanta investment and advisory services firm. Keymer joined Popeyes in June 2004 as president and was promoted to AFC's CEO post in September 2005. The company also said it promoted James Lyons from chief development officer to the newly created position of chief operating officer.
AMN Healthcare Services Inc.'s (NYSE:AHS - News) shares sank 15% after the company reported fourth-quarter net income jumped 44% to $10 million, or 29 cents a share, from $6.98 million, or 21 cents a share, a year earlier. The San Diego company's revenue grew to $283.5 million from $221.4 million.
Atlantic Tele-Network (NasdaqGM:ATNI - News) shares fell 11% after the company said it doesn't expect organic growth in earnings for 2007 to be as strong as it was in 2006 although it does expect to grow consolidated profits. The company posted earnings of $23.2 million, or $1.70 a share, for the year, on revenue of $155.4 million. In 2005, the Salem, Mass., telecommunications provider earned $13.6 million, or $1.09 a share, on revenue of $102.3 million.
Avnet Inc. (NYSE:AVT - News) shares dropped 7% after the company said it plans to offer $250 million of senior notes due 2014. Phoenix-based Avnet, a distributor of electronic and computer components, said it plans to use the proceeds to repay amounts outstanding under its revolving credit facility and/or its accounts receivable securitization program.
Cleveland-Cliffs Inc. (NYSE:CLF - News) shares slipped 5.3% after the company said it would delay the filing of its annual report due to a review of the timing of revenue recognition. The review centers on cash payments for sales from the company's ore stockpiles in the fourth quarter, as the ore was not yet delivered at the request of the customer. The Cleveland iron ore pellets producer said earnings announced on Feb. 21 could be revised as a result.
Credence Systems Corp. (NasdaqGS:CMOS - News) shares tumbled 25% after the company reported a first-quarter net loss of $11,000, or breakeven on a per-share basis, compared with a net loss of $4.05 million, or 4 cents a share, during the year-ago period. The Milpitas, Calif.-based semiconductor-testing-equipment company posted revenue of $118.8 million vs. $121.8 million.
Delta Air Lines Inc. (Other OTC:DALRQ.PK - News) shares lost 6.9% after the company said its loss in January was $109 million, compared with a $300 million loss in January 2006. Delta's consolidated passenger unit revenue rose 3.7% in January over the same month in 2006. The Atlanta-based airline said its monthly operating expenses "remained essentially flat" despite a capacity increase of 2.9%. Delta is currently in Chapter 11 reorganization and is expected to exit bankruptcy in the coming months.
Focus Enhancements Inc. (NasdaqCM:FCSE - News) shares slumped 8.8% after the Campbell, Calif.-based video production company reported a fourth-quarter net loss of $3.01 million, or 4 cents a share, compared with $3.26 million, or 5 cents a share, in the year-ago period. Revenue rose to $10.3 million from $6.08 million. The company expects first-quarter revenue of $7 million to $7.8 million and 2007 revenue of $42 million to $46 million.
Fording Coal Trust (NYSE:FDG - News) shares slid 7.6% after the Calgary, Alberta-based company declared a first-quarter cash distribution of 65 Canadian cents per unit, to be paid April 16 to unitholders of record as of March 30. Fording said the distribution reflects the impact of adverse winter weather conditions on rail transportation in January. The company added that sales volume for the rest of the first quarter continues to be dependent largely on weather conditions and resulting rail and port performance. Fording also expects higher first quarter transportation costs.
Gulf Island Fabrication (NasdaqGS:GIFI - News) shares tumbled 25% after the Houma, La.-based maker of offshore drilling and production platforms reported fourth-quarter net earnings of $3.73 million, or 26 cents a share, up from $2.7 million, or 22 cents a share, in the year ago period. Revenue rose to $76 million from $41.4 million. The company also said it discovered an error regarding estimated revenue on the Tahiti contract, and determined that it had overstated both revenue and net income in the first three quarters of 2006. Gulf Island said it will include the restated results in its 2006 Form 10-K but will not amend its previous filings.
Handleman Co. (NYSE:HDL - News) shares sank 11% after the company said it has suspended its quarterly cash dividend of 8 cents a share in connection with amending its credit agreement. The Troy, Mich.-based distributor of prerecorded music, and video game hardware and software said will redirect its cash flow to reduce outstanding debt.
Inercontinental Exchange (NYSE:ICE - News) shares 8% after the company said average daily volume in the month of February for its U.K.-based ICE Futures unit rose 93% to 492,353 contracts from 255,396 contract a year earlier. The Atlanta operator of the electronic global futures and over-the-counter marketplace for trading energy commodity contracts said the average daily commissions in its over-the-counter unit rose 90% to $800,466 from $421,205 a year ago. Intercontinental Exchange also said average daily volume in February at the New York Board of Trade rose 18% to 256,447 contracts from 217,529 contracts.
KongZhong Corp.'s (NasdaqGM:KONG - News) shares lost 11% after the company said fourth-quarter net income fell 42% to $3.66 million, or 10 cents an American depositary share, from $6.26 million, or 17 cents an American depository share, a year ago. The Beijing provider of wireless services said revenue rose 7.1% to $23.7 million from $22.1 million.
Leapfrog Enterprises (NYSE:LF - News) shares sank 8.4% after the company reported a fourth-quarter loss of $46.0 million, or 73 cents a share, on sales of $182.8 million. In the same period a year earlier, the educational products developer earned $14.4 million, or 23 cents a share, on sales of $248 million. Looking ahead, the company said it expects its 2007 net loss to be "significantly less" than its 2006 loss and consistent with previous expectations.
Shares of New Century Financial Corp. (NYSE:NEW - News) slid 7.6% after the mortgage real estate investment trust said it expects to delay the filing of its annual report. The Irvine, Calif. company said late Thursday that it plans to file Form 12b-25 with the Securities and Exchange Commission, a form used as a notification of late filing. If the form is filed, the company must file the required report within fifteen calendar days for an annual report.
Noven Pharmaceuticals Inc. (NasdaqGS:NOVN - News) shares dropped 13% after the company reported fourth-quarter net earnings of $7.12 million, or 29 cents a share, up from $6.06 million, or 25 cents a share, in the year-ago period. Excluding certain items, the Miami-based company reported a profit of $7.7 million, or 31 cents a share, compared with $2.7 million, or 11 cents a share, last year. Revenue in the three months ended Dec. 31 rose to $17.2 million from $16.8 million.
OmniVision Technologies Inc. (NasdaqGS:OVTI - News) shares sank 7.2% after the company reported third-quarter net earnings of $4.13 million, or 7 cents a share, down from $29.6 million, or 53 cents a share, during the year-ago period. The Sunnyvale, Calif.-based company, which designs and markets high-performance semiconductor image sensors, posted revenue of $134.4 million vs. $137.3 million.
Transaction Systems Architects (NasdaqGS:TSAI - News) shares fell 11% after the company said an examination of its stock options dating and subsequent accounting has determined it will need to restate results for the period running from 1995-2002. The company also said it sees adjusted earnings of $1.57 to $1.86 a share for calendar 2007. It also said it currently anticipates reporting in its fiscal 2006 Form 10-K certain material internal control weaknesses in the areas of income taxes, non-routine transactions, financial reporting and the recognition of revenue as of Sept. 30.
World Fuel Services Corp. (NYSE:INT - News) shares lost 11% after the Miami-based company, which markets and sells fuel products, reported fourth-quarter net earnings of $17.3 million, or 60 cents a share, up from $12 million, or 42 cents a share, in the year-ago period. Revenue rose to $2.62 billion from $2.53 billion. Analysts polled by Thomson Financial were expecting a per-share profit of 60 cents.
Published By MarketWatch

Labels: AFCE, AHS, ATNI, AVCA, AVT, CLF, CMOS, FCSE, FDG, GIFI, HDL, ICE, INT, KONG, LF, NEW, NOVN, OVTI, TSAI

Stocks Ready to Surge: These are the stocks that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals.
PNC Financial Services (NYSE:PNC - News). PNC's PowerRating is 5.
Low-Priced Stocks Ready to Surge: These are the stocks under $10/share that today made new 10-day lows that are still in an uptrend as they are trading above their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term upside reversals. Please note: All stocks carry risk and low-priced stocks usually come with even more risk. Always use caution.
Credence Systems (NASDAQ:CMOS - News). CMOS's PowerRating is 7.
Pullbacks from Highs: Most successful momentum-based traders and money managers like to buy strong stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 30 (in weak or choppy markets there will be fewer) of the strongest stocks that have pulled back from recent highs. These stocks should be considered potential candidates to resume their longer-term up trends.
Rostelecom Telecommunications (NYSE:ROS - News). ROS's PowerRating is 6.
Long Windows Candidates: These are stocks which are in a strong uptrend, as determined by a proprietary trend filter and whose current bar has its high below the 4-day moving average. Historically, these stock on average have had a larger than normal short-term upside reversals. In order to qualify as a "Trading Window" candidate, we must have a 10-period ADX reading of 30 or higher and a +DI reading above the -DI reading. Or we must have a 14-period +DI of 30 or higher (with no ADX reading required). "Single Windows" are the most common type of Windows. They are simply a single bar which has its high of the day below the 4-period moving average.
Walgreen (NYSE:WAG - News). WAG's PowerRating is 6.
Stocks Ready to Drop: These are the stocks that today made new 10-day highs that are still in an downtrend as they are trading below their 200-day moving average. They are sorted in rank according to how over-extended they are vs. their 10-day moving average. For example, the top ranked stock is trading the furthest distance from its 10-day moving average on a percentage basis. Historically, these stocks on average have had larger than normal short-term downside reversals.
Boston Scientific (NYSE:BSX - News). BSX's PowerRating is 4.
Pullbacks from Lows: Most successful momentum-based traders and money managers like to sell weak stocks after they pull back. TradingMarkets.com uses a proprietary mathematical model to identify up to 20 (in strong or choppy markets there will be fewer) weak stocks that have pulled back from recent lows. These stocks should be considered potential candidates to resume their longer-term downtrends.
Amylin Pharmaceuticals (NASDAQ:AMLN - News). AMLN's PowerRating is 3.
Short Windows Candidates: These are stocks which are in a strong downtrend, as determined by a proprietary trend filter and whose current bar has its low above the 4-day moving average. Historically, these stock on average have had a larger than normal short-term downside reversals. In order to qualify as a "Trading Window" candidate, the 10-period ADX must be 30 or higher and the -DI must be greater than the +DI. Or we must have a 14-period -DI reading of above 30 (with no ADX reading required). "Single Windows" are the most common type of Windows. They are simply a single bar which has its low of the day above the 4-period moving average.
Apple (NASDAQ:AAPL - News). AAPL's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net
Published by TradingMarkets Research

Labels: AAPL, AMLN, BSX, CMOS, PNC, ROS, WAG

Aegean Marine Petroleum Network (NYSE:ANW - News) shares surged Friday in the company's stock market debut.
Allegiant Travel (NASDAQ:ALGT - News) shares jumped in the company's initial public offering.
Arena Pharmaceuticals (NASDAQ:ARNA - News) priced a public offering of 11.5 million common shares at $13.21 each, the stock's closing price on Thursday. The deal includes an over-allotment option for the sale of an additional 1.725 million shares. San Diego-based Arena said CIBC World Markets served as the sole book-running manager in the offering.
Atwood Oceanics Inc. (NYSE:ATW - News) reported fourth-quarter net earnings of $23.2 million, or 74 cents a share, compared with $6.66 million, or 21 cents a share, in the same period last year, as revenue jumped.
Cascade Corp. (NYSE:CAE - News) said third-quarter net income rose, as revenue gained, to $12.3 million, or 94 cents a share, from $10.8 million, or 84 cents a share, during the same period in the prior year. Also, the company is increasing its revolver to $125 million from $25 million to fund potential acquisitions and to provide short-term funding for the share repurchase program.
Shares of Citigroup (NYSE:C - News) traded at their highest level since April 2004 on Friday. In a research note, analysts at Lehman Bros. said they expect the company's management to provide an outlook for positive operating leverage and improving net interest margins in 2007 when it holds an investor presentation next weeks. The analysts said they do not expect the company to announce any plans to break it up.
Credence Systems (NASDAQ:CMOS - News) said the fourth-quarter net loss narrowed, as operating expenses fell, to $1.94 million, or 2 cents a share, from a net loss of $22.5 million, or 23 cents a share, during the same period in the prior year.
Esterline Technologies Corp. (NYSE:ESL - News) reported fourth-quarter net earnings of $18.4 million, or 71 cents a share, up 19% from $15.4 million, or 60 cents a share, during the year-ago period. The company also said it now expects fiscal 2007 per-earnings of $2.45 to $2.60, up from its previous outlook of $2.40 to $2.60, boosted by record backlogs and new products coming to market.
Shares of Forgent Networks (NASDAQ:FORG - News) soared after the Austin, Texas-based technology licensing company posted a profit for its fiscal first quarter due to a doubling of revenue. The company, which also provides office administration software, earned $2.7 million, or 11 cents a share, for the three months ended Oct. 31 on revenue of $9.1 million. In the same period a year earlier, Forgent lost $300,000, or a penny per share, on revenue of $4.4 million. Looking ahead, the company said it expects to continue to generate intellectual property licensing revenue in fiscal 2007.
Shares of Hansen Natural Corp. (NASDAQ:HANS - News) surged after the Corona, Calif., beverage company disclosed it's recorded more than $500 million in gross sales for its Monster Energy drinks since their launch on January 1. The company said it reached the milestone in November.
Harsco Corp. (NYSE:HSC - News) reaffirmed its outlook for earnings from continuing operations of $4.49 to $4.51 a share in 2006 on revenue of more than $3.3 billion. The company also forecast earnings from continuing operations of $5.05 to $5.15 a share in 2007 with sales projected to grow more than 7%. The current average estimates of analysts polled by Thomson First Call are for profits of $4.51 a share in 2006 and $5.06 a share in 2007.
Heelys Inc. (NASDAQ:HLYS - News) shares jumped in one of the top IPO performances of the year.
Ingersoll-Rand Co. (NYSE:IR - News) said it has authorized the buyback of up to $2 billion of its Class A shares.
Investment Technology Group (NYSE:ITG - News) said November average daily volume rose to 175 million shares from 119 million shares a year earlier, and up from 150 million shares in October. Total U.S. volume was 3.7 billion shares vs. last year's 2.5 billion shares and last month's 3.3 billion shares.
Mace Security International (NASDAQ:MACE - News) agreed to sell its Arizona car wash operations for $19.3 million cash. Mace, Mount Laurel, N.J., said the sale includes 12 car washes and represents about $10 million of Mace's total revenue of $68 million in 2005. Nine of the car washes are owned and three are leased.
Millennium Pharmaceuticals Inc. (NASDAQ:MLNM - News) said the Food and Drug Administration has granted full approval of Velcade for the treatment of patients with mantle cell lymphoma who have received at least one prior therapy. MCL is a form of non-Hodgkin's lymphoma which has a U.S. prevalence of 10,000 patients. Cambridge, Mass.-based Millennium said the approval marks the first indication for Velcade in lymphoma, the most common blood cancer.
Nanometrics Inc. (NASDAQ:NANO - News) said it has received a favorable Markman decision in the patent infringement case brought by Nova Measuring Instruments Ltd. (NASDAQ:NVMI - News).
Online Resources Corp. (NASDAQ:ORCC - News) said it sees a first-quarter 2007 per-share net loss of 33 to 35 cents on revenue of $30 million to $31.5 million. Pro forma, or "core net income," for the quarter is expected to range from a loss of a penny to a profit of a penny.
QMed (NASDAQ:QMED - News) shares rose after the Eatontown, N.J.-based provider of information management systems to health plans said it has reached an agreement with Alere Medical Inc. to settle their litigation and arbitration. Financial terms of the settlement were not disclosed, although QMed said the agreement calls for Alere to pay a "low seven-figure dollar amount," which is to be received by Dec. 13.
Shares of PriceSmart Inc. (NASDAQ:PSMT - News) advanced after the San Diego, Calif., warehouse club retailer said its same-store sales jumped 18.5% in November. Total sales for November rose 22.9% to $69.7 million from $56.7 million in the same period a year earlier.
Verifone Holdings Inc. (NYSE:PAY - News) reported fourth-quarter net earnings of $13.9 million, or 20 cents a share, compared with $12.1 million, or 18 cents a share, in the same period last year, on the back of strong revenue from international business.
By Michael Baron of MarketWatch

Labels: ALGT, ANW, ARNA, ATW, C, CAE, CMOS, ESL, FORG, HANS, HLYS, Hot Stocks, HSC, IR, MACE, MLNM, NANO, PAY