Jim Cramer Blog

Discuss Hot Stocks, Jim Cramer, Mad Money,the Stock and Option Markets, and the economy on Jim Cramer Blog.

Monday, May 14, 2007

Hot Stocks to Watch Today

Here are 7 trading ideas for today. These lists come directly from the TradingMarkets Stock Indicators page and are based upon our latest quantitative research.
Bullish
Gaps Down 5% or More: These are stocks that gap down by 5% or more and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that gap down by more than 5% have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Statoil ASA (NYSE:STO - News). STO's PowerRating is 6.
5+ Consecutive Down Days: These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Ceridian (NYSE:CEN - News). CEN's PowerRating is 6.
5+ Consecutive Lower Lows: These are stocks that have made a lower low for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that make lower lows for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Citigroup NYSE:C. C's PowerRating is 6.
2-Period RSI Below 2: These are stocks that have a 2-period RSI reading below 2 and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving with a 2-period RSI reading below 2 have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Avon Products (NYSE:AVP - News) & Cooper Companies (NYSE:COO - News). AVP's PowerRating is 7, and COO's PowerRating is 7.
Bearish
5+ Consecutive Up Days: These are stocks that have closed up for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that close up for five or more days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge. Historically, these stocks have provided traders with a significant edge.
Camden Property Trust (NYSE:CPT - News). CPT's PowerRating is 4.
5+ Consecutive Higher Highs: These are stocks that have made a higher high for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that make higher highs for five or more days have shown negative returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Greenbrier Companies (NYSE:GBX - News). GBX's PowerRating is 2.
PowerRatings are courtesy of PowerRatings.net

Labels: , , , , , ,

Wednesday, April 25, 2007

Jim Cramer's MadMoney Stock Recap April 24th

The Rail Deal: Koppers (NYSE: KOP), Greenbrier (NYSE: GBX), Trinity Industries (NYSE: TRN), CSX (NYSE: CSX), and Union Pacific (NYSE: UNP)
The rail sector is hot right now, and Cramer suggested finding an "oblique play" like KOP. Although KOP is up 46% since Cramer recommended it, 21 milllion railroad ties will be needed in 2007, and demand is outstripping supply. In addition to producing railroad ties and splitters, KOP is an "impure play" with a chemical business, which is one reason KOP is under the radar while the railroad cycle is on the move. For investors who want a pure rail play, TRN is the largest rail car producer in the U.S. Cramer predicts rail will continue to rise because ethanol requires rail transport, and he adds TRN also makes wind towers. In the past two years, Cramer has seen some "sweet moves" in the sector from CSX and Union Pacific which may be too expensive to buy right now and would purchase some KOP and TRN instead. However, he retracted his recommendation on buying GBX, and said it is not a rail worth owning.

Private Lessons: Darden Restaurants (NYSE: DRI)
Continuing his series of possible private equity takeover targets, Cramer discussed DRI, which owns Red Lobster and the Olive Garden. The company has "massive cash flow" and just enough obstacles, including slow growth, to attract a private equity firm. Cramer predicts DRI could be purchased at a 20% premium, and even if it remains on the shelf, DRI is still good to own because it is a "broken stock" and not a "broken company."
CFO Interview Gary Fayard, Coke (NYSE: KO)
International sales were the cause of KO's blowout quarter, with its emerging market growth in the double-digits and European growth at 11%. Japan is becoming a "critical market" for KO. Fayard explained why there is still time to invest; "We had a great start for the year, but if you look at the market we compete in ... it's growing faster than almost any other consumer area. We still only have 20% share globally. There is still a lot of ways to grow in this industry for us." Cramer said KO should move higher.
Published By SeekingAlpha

Labels: , , , , , , , ,

Friday, April 06, 2007

Jim Cramer's Mad Money Stock Recap April 5

Rethinking Spartan Motors Spartan Motors (NasdaqGS: SPAR)
Although he initially rejected a pitch for Spartan Motors made by an IU Kelley School of Business student, Cramer is now bullish after investigating the stock further. Initially, he thought SPAR was mainly involved with recreational vehicles which would be out of favor with rising oil prices. However, Spartan also manufactures emergency vehicles, and since 55% of the nation's firetrucks need replacing, Spartan vehicles will be in demand. In addition, the armed forces require vehicles that will protect soldiers from roadside bombs. Spartan's military motor division recently scored the second largest contract in its history. The company's RV business is doing well, because baby boomers love RVs. While Spartan has a great story, Cramer cautions that this small-cap speculative stock may not be for everyone and to wait for a pullback before buying.
Sell Block: WCI Communities (NYSE: WCI - News), Simon Property Group (NYSE: SPG - News), Hologic (NasdaqGS: HOLX), Norfolk Southern (NYSE: NSC - News), Union Pacific (NYSE: UNP - News), Greenbrier Companies (NYSE: GBX - News), Coldwater Creek (NasdaqGS: CWTR), Gilead Sciences (NasdaqGS: GILD), Celgene (NasdaqGS: CELG), Altria (NYSE: MO - News), Kraft (NYSE: KFT - News) Take-Two Interactive (NasdaqGS: TTWO)
Cramer is "adamant that homebuilders can't be owned" and would sell WCI even though it hasn't moved, along with SPG, which has had a big increase. He would also sell HOLX which is "priced for perfection" but which has been the target of articles suggesting its products are less than perfect. Cramer likes rails as a "happy oligopoly, but given NSC's disappointing guidance, he would swap it for UNP on any strength. Cramer confessed "I deserve to be roasted over hot coals" for recommending GBX as a short-busting play when the stock has had a huge drop. Cramer wants to avoid getting burned again over CWTR and would sell even though it seems to be making a comeback. He thinks upgrades of semiconductors are "insane" and would get rid of the entire sector. Gilead, Cramer's "bio stock of the year" is now too expensive, and he would sell it or swap into Celgene. Now that Altria has spun off Kraft, Cramer would hold onto MO and sell KFT; "American cheese just doesn't turn it's customers into hopeless addicts."Finally, the fact that it is difficult to zero in on what is really wrong with TTWO is the best reason to sell it.
Mad Mail: Deere (NYSE: DE - News), Coca-Cola (NYSE: KO - News)
Cramer would back up the truck and buy DE because, for the long-term "we are in a secular bull market inf farming" and sees a strong comeback for Deere. Cramer also likes KO because if it's brand turns around in Japan, KO could rise from $50 to $55.

Published by SeekingAlpha

Labels: , , , , , , , , , , , , ,

Wednesday, April 04, 2007

Biggest Stock Decliners Wednesday

Symbol
Name
Last Trade
Change
Volume
Related Info
PKTR
PACKETEER INC
9.24 10:46AM ET
3.33 (26.49%)
4,415,713
Chart, Profile, More
ICGN
ICAGEN, INC.
1.41 10:45AM ET
0.43 (23.37%)
722,431
Chart, Profile, More
GBX
GREENBRIER CO INC
22.74 10:41AM ET
3.98 (14.90%)
1,271,900
Chart, Profile, More
CRYO
CRYOCOR, INC.
4.60 10:34AM ET
1.14 (19.86%)
22,608
Chart, Profile, More
HDNG
HARDINGE INC
22.6801 10:46AM ET
3.8199 (14.41%)
162,910
Chart, Profile, More
MNST
MONSTER WORLDWIDE
41.90 10:46AM ET
6.61 (13.63%)
6,342,036
Chart, Profile, More
ILI
INTERLEUKIN GENETICS
3.14 10:37AM ET
0.42 (11.80%)
65,300
Chart, Profile, More
GGBM
GIGABEAM CORP
2.56 10:45AM ET
0.36 (12.33%)
63,499
Chart, Profile, More
KST
DSW STRAT INC TR
15.21 10:39AM ET
2.00 (11.62%)
92,500
Chart, Profile, More
DGSE
DGSE COMPANIES INC
2.56 10:38AM ET
0.35 (12.03%)
7,119
Chart, Profile, More
REDE
REDENVELOPE
7.83 10:42AM ET
0.38 (4.63%)
3,275
Chart, Profile, More
OXM
OXFORD INDS
45.45 10:41AM ET
4.79 (9.53%)
459,100
Chart, Profile, More
GRIN
GRAND TOYS INTERNATI
0.94 9:31AM ET
0.09 (8.73%)
1,237
Chart, Profile, More
KMM
DSW MULTI-MKT TR
10.77 10:39AM ET
0.95 (8.11%)
157,800
Chart, Profile, More
CDCY
COMPUDYNE CORP
5.54 10:46AM ET
0.46 (7.67%)
25,975
Chart, Profile, More

Labels: , , , , , , , , , , , , , ,

Tuesday, April 03, 2007

Hot Stocks to Watch Monday

Here are 7 stocks for traders for Wednesday from TradingMarkets.com:
Acuity Brands (NYSE:AYI - News) reports earnings Wednesday before the market opens; look for $0.49 EPS. AYI's PowerRating is 5.
When Best Buy (NYSE:BBY - News) announces quarterly earnings Wednesday morning, watch for $1.52 EPS. BBY's PowerRating is 4.
Blyth Industries (NYSE:BTH - News) looks set to report $0.60 EPS tomorrow before the open. BTH's PowerRating is 4.
Analysts will be watching for Circuit City (NYSE:CC - News) to report $0.64 EPS early Wednesday. CC's PowerRating is 4.
Greenbrier (NYSE:GBX - News) should announce $0.54 EPS Wednesday morning before the bell. GBX's PowerRating is 6.
Monsanto (NYSE:MON - News) reports earnings tomorrow, with analysts expecting $0.93 EPS. MON's PowerRating is 5.
MSC Industrial (NYSE:MSM - News) should announce $0.61 EPS tomorrow morning. MSM's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: , , , , , ,

Wednesday, January 31, 2007

Jim Cramer's Mad Money Stock Recap Jan. 30

Short Busting: Waste Services (NasdaqGM: WSII)
Cramer devoted the program to short-busting, which is a technique of beating the shorts, or people who bet against a particular stock. Short-busters make money in a short squeeze, when all of the shorts try to cover their shares at once. To benefit from a short bust, Cramer suggests keeping track of a stock's average daily volume, which indicates how difficult it would be for shorts to close or cover their positions. If shorts are deep, they will bring up the price to sell with profits. Cramer also suggested taking a look at insider buying, which shows that a stock is alright. Cramer's first short-buster is WSII, which is disliked because it has high prices and low margins. Although the company seems "heinous" Cramer notes that with 1.5 million of its shares sold short and an average trading volume of 104,000 shares a day, it would take the shorts 15 days to close their positions on WSII. Since the company has "significant insider presence" and improving fundamentals, Cramer would bust the shorts and buy WSII.
Seeing Green with Greenbrier Companies (NYSE: GBX - News)
Cramer's next shortbuster is GBS, which produces and sells equipment for freight cars. Although the company did not make its quarter, has a large debt and "serious production issues," Cramer feels that the rail industry is in "a multi-year bull market." With 1.98 million shares sold short and an average daily trading volume of 519,000 shares, Cramer says that the shorts would not be able to close their positions quickly enough. Cramer notes that the company has a strong backlog for rail cars, robust insider buying, and that its acquisitions will kick in during the next quarter; he says GBX is "excellent."
The Cat is Back: Caterpillar (NYSE: CAT - News), Black & Decker (NYSE: BDK - News) and American Standard (NYSE: ASD - News)
Cramer says that the best way to play a cyclical stock is to pay next to nothing for then when it seems the economy has peaked. For instance, when the economy reached its peak last spring, CAT came tumbling after; "The drop was based on fears that its growth would slow, and the fears turned out to be true," Cramer said. However, Caterpillar reported a quarter that many found disappointing, but the stock rose, which is what happens when you "catch a real bottom," observed Cramer, who commented that its not too late to buy CAT as well as BDK and ASD, all of which are going up.
CEO Interview: Frank Sullivan, RPM International (NYSE: RPM - News)
Cramer asked about how the holding company deals with the names of its subsidiaries which produce coatings and sealants for industrial and consumer markets. Frank Sullivan replied that keeping the names of its acquisitions is an essential ingredient to RPM's success as well as its policy of maintaining the management of companies it purchases. "RPM has never let us down, and it's not going to," commented Cramer who said RPM is a triple buy.
Published by SeekingAlpha

Labels: , , , , ,

Tuesday, January 09, 2007

Tuesday's Biggest Decliners

Alltel Corp. (NYSE:AT - News) was downgraded to sector perform from outperform at RBC Capital Markets.
Atherogenics (NASDAQ:AGIX - News) shares after the company said it plans to release data from a key clinical trial of its proposed treatment for coronary artery disease later than previously expected.
Bankrate (NASDAQ:RATE - News) was initiated with a buy rating and a $45 price target at Kaufman Bros.
Blackbaud (NASDAQ:BLKB - News) was initiated with a hold rating at Jefferies & Co. The firm set a $29 price target.
Borders Group Inc. (NYSE:BGP - News) expects fourth-quarter earnings per share below its prior outlook of $1.80 to $2. The book retailer, which cited factors such as lower-than-expected sales, added that annual per-share profit will also miss its outlook.
BP plc (NYSE:BP - News) shares slid after the company said it expects flat production for the fourth quarter.
Brightpoint (NASDAQ:CELL - News) was downgraded to sector performer from sector outperformer at CIBC World Markets.
Brookfield Homes Corp. (NYSE:BHS - News) said it closed 1,993 homes and lots in 2006, compared with 2,824 in 2005. Backlog at Dec. 31 was 247 homes, down 208 from a year earlier. The stock was also downgraded to sell at JMP Securities.
Celgene Corp. (NASDAQ:CELG - News) said its preliminary 2006 revenue reached $890 million, and adjusted per-share profit almost tripled. Analysts polled by Thomson First Call are looking for annual revenue of $897 million. The Summit, N.J., pharmaceutical concern added that it expects 2007 revenue of $1.3 billion and adjusted earnings per share of $1. Wall Street is looking for 2007 revenue of $1.38 billion, and per-share profit of $1.09.
Shares of CA Nacional Telefonos de Venezuela (NYSE:VNT - News) dropped following the announcement by the country's president, Hugo Chavez, of plans to nationalize the company.
Emageon Inc. (NASDAQ:EMAG - News) said it expects 2007 per-share profit of 24 cents to 29 cents and revenue from current business of $136 million to $140 million. The provider of enterprise medical information technology systems sees annual earnings per share excluding charges for depreciation, amortization and stock-based compensation of 79 to 87 cents.
Emcore Corp. (NASDAQ:EMKR - News) said it swung to fourth-quarter profit of $78.1 million, or $1.47 a share, boosted by the sale of the company's electronics materials and device unit and its interest in GELcore LLC. In the same period last year, the Somerset,N.J.-based maker of semiconductor components posted a net loss of $4.61 million, or 10 cents a share. Excluding the gain from the sale of the GELcore interest and the electronics and device unit, among other items, the company reported a net loss of $8.9 million vs. a net loss of $5.1 million last year. Revenue for the period rose 5.7% to $35.4 million from $33.5 million. Emcore expects first-quarter revenue of $38 million.
Escala Group (NASDAQ:ESCL - News) shares dropped after the New York-based collectibles company said it has received notification that the Nasdaq will delist its stock at the open of business Wednesday. The delisting is a result of the company's failure to file its Form 10-K for the fiscal year ended June 30, 2006, and its Form 10-Q for the quarter ended Sept. 30, 2006. Escala said it's committed to regaining compliance with Nasdaq's filing requirements and, if its appeal to the exchange is unsuccessful, the company said it plans to try to list its stock on another national securities exchange.
Garmin (NASDAQ:GRMN - News) was downgraded to neutral from buy at Merrill Lynch. The firm said it expects the company to lose market share as a barrage of new global positioning devices are introduced.
Gehl & Co. (NASDAQ:GEHL - News) was downgraded to neutral from buy at Sidoti & Co. The firm lowered its price target to $30 from $37.
Gentiv Health (NASDAQ:GTIV - News) was downgraded to equal weight from overweight at Lehman Bros. due to valuation concerns.
Greenbrier Cos. (NYSE:GBX - News) reported fiscal first-quarter earnings fell 77% on 32% higher revenue. For the quarter ended Nov. 30, earnings were $1.9 million, or 12 cents a share, compared with $8 million, or 51 cents, in the year-earlier period. A survey of analysts by Thomson First Call produced a consensus estimate of 12 cents. Revenue reached $246.6 million from $186.4 million. The company said that a number of factors knocked 40 cents off the latest share earnings. Half that 40 cents was tied to thinner-than-expected profit margins from new rail-car and marine production. Another dime of the 40 cents stemmed from sales deferred to later quarters and from the timing of revenue on a marine order. Greenbrier also cut its full-year estimate to a range of $2.15 to $2.40 a share. It had estimated $3.10 to $3.40. First Call was expecting $2.92.
Helen of Troy (NASDAQ:HELE - News) said fiscal third-quarter earnings rose to $22.8 million, or 72 cents a share, from $22.7 million, or 72 cents a share, a year earlier. Revenue increased to $213.4 million from last year's $197.5 million. Analysts surveyed by Thomson First Call had been expecting earnings of 85 cents a share and revenue of $204.6 million, on average. The El Paso, Tex. personal care products company said earnings were hurt by gross margin pressure in its personal care and housewares businesses, as well as by expenses associated with the OXO warehouse transition. For the fiscal fourth quarter, the company expects earnings of 25 to 30 cents a share, vs. analyst forecasts of 36 cents a share, and revenue of $135 million to $140 million.
Henry Schein Inc. (NASDAQ:HSIC - News) was downgraded to equal-weight from overweight at Lehman Bros.
Kenneth Cole Productions (NYSE:KCP - News) was downgraded to neutral from outperform at Cowen & Co.
Lawson Software Inc. (NASDAQ:LWSN - News) swung to a second-quarter loss of 2 cents a share from net income of 6 cents in the year-earlier period. Excluding items, the company earned 3 cents against 8 cents. Analysts polled by Thomson First Call had expected profit of 4 cents. Revenue more than doubled to $184.5 million from $89 million, while analysts had expected $180 million. For the third quarter, the St. Paul, Minn., enterprise software company estimated revenue of $181 million to $189 million, excluding $2 million of deferred revenue. Lawson sees the quarterly per-share result ranging from a 1-cent loss to break-even, or adjusted earnings of 2 cents to 3 cents. Wall Street is looking for third-quarter revenue of $194 million and per-share profit of 6 cents.
Mills Corp. (NYSE:MLS - News) shares dropped after the company said it's completed an internal investigation into accounting errors that will result in the restatement of its financial statements for 2001 to 2004, as well as the first three quarters of 2005. The retail property developer said in a regulatory filing that its probe revealed several cases in which its personnel "failed to recognize" the implications of certain "transactions, events or other facts." It also found that the company's fast growth, and its complex financial structure, "exacerbated" such errors. Mills said it would not know the full impact of the restatements until corrective measures have been implemented and the results are audited by Ernst & Young LLP. The company also said it is continuing to cooperate with a Securities and Exchange Commission investigation into its accounting practices.
Natus Medical Inc. (NASDAQ:BABY - News)said it expects first-quarter earnings of 7 cents to 8 cents a share. The average estimate of analysts surveyed by Thomson First Call is 11 cents. The San Carlos, Calif., health-care products company said it expects revenue for the quarter at $25.5 million to $26 million. Natus expects 2007 revenue to range from $114 million to $116 million, and earnings to range from 47 cents to 51 cents. The average earnings estimate of analysts is 51 cents for 2007.
New York & Co. (NYSE:NWY - News) said it expects fourth-quarter earnings at the low end of its estimated range of 37-46 cents a share. Analysts surveyed by Thomson First Call are forecasting earnings of 40 cents a share, on average. The retailer said it'll report an increase in gross margin for the fourth quarter due to improved merchandise margins. But it's facing higher-than-anticipated non-recurring litigation expenses pf 2 cents a share and increased costs related to marketing and store payroll to drive holiday sales.
Repsol (NYSE:REP - News) was downgraded to sell from hold at Deutsche Bank.
ScanSource (NASDAQ:SCSC - News) shares fell after the Greenville, S.C.-based distributor of specialty technology products said Monday it expects sales of $467 million to $475 million in its fiscal second quarter ended Dec. 31. Analysts polled by Thomson First Call are forecasting second-quarter sales of $485 million. ScanSource posted sales of $408.5 million in the same period last year.
Spectrum Control (NASDAQ:SPEC - News) reported fourth-quarter net income rose to 15 cents a share, from 8 cents in the year-ago period.
Sprint (NYSE:S - News) said it's on track to meet its financial targets for 2006. But the No. 3 U.S. wireless carrier plans to cut 5,000 jobs as it forecast sluggish sales growth, lower profit and higher capital expenditures this year.
Supervalu, Inc. (NYSE:SVU - News) said third-quarter net income rose 51% to $113 million, or 54 cents a share, from $75 million, or 53 cents a share, a year earlier. Results for the most recent quarter included 8 cents a share in one-time charges. Sales for the quarter improved to $10.7 billion from $4.7 billion. Analysts, on average, expected Supervalu to earn 56 cents a share on revenue of $10.53 billion, according to Thomson First Call. For the fourth quarter, the company expects earnings in the range of 59 cents to 66 cents a share after adjustments. For fiscal 2007, the company estimates sales of $37 billion and earnings in the range of $2.34 to $2.41 a share. Supervalu also announced a $1.2 billion capital program for 2008 to invest in new stores and refurbishing.
Tween Brands Inc. (NYSE:TWB - News) lowered its view for fourth-quarter earnings per share to a range of 85 cents to 88 cents. Previously, the specialty retailer had estimated 95 cents to $1. Tween said comparable-store sales should rise 3% to 4%, compared with its prior outlook for growth in the mid-single digits.
West Pharmaceutical Services (NYSE:WST - News) was downgraded to underweight from equal weight at Lehman Bros. The firm cited concerns about the company's margin outlook.
Published By MarketWatch

Labels: , , , , , , , , , , , , , , , , , , ,

7 Stocks You Need to Know for Tuesday

Energy Transfer (NYSE:ETP - News) announces earnings on Tuesday before the bell; watch for $0.52 EPS. ETP's PowerRating is 7.
Greenbrier (NYSE:GBX - News) is expected to report $0.12 EPS Tuesday morning before trading begins. GBX's PowerRating is 5.
When Helen of Troy (NasdaqGS:HELE - News) reports quarterly earnings Tuesday morning, watch for $0.85 EPS. HELE's PowerRating is 5.
Supervalu (NYSE:SVU - News) reports earnings early Tuesday; analysts expect $0.57 EPS. SVU's PowerRating is 5.
Analysts are watching for Volt Information Sciences (NYSE:VOL - News) to report $0.65 EPS on Tuesday morning. VOL's PowerRating is 7.
Alcoa (NYSE:AA - News) and Ruby Tuesday (NYSE:RI - News) both report earnings on Tuesday afternoon, so watch for heightened price action and volume. AA's PowerRating is 5, and RI's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: , , , , , ,

Monday, January 08, 2007

Hot Stocks to Watch Tusday

Here are 7 stocks for traders for Tuesday from TradingMarkets.com:
Energy Transfer (NYSE:ETP - News) announces earnings on Tuesday before the bell; watch for $0.52 EPS. ETP's PowerRating is 7.
Greenbrier (NYSE:GBX - News) is expected to report $0.12 EPS Tuesday morning before trading begins. GBX's PowerRating is 5.
When Helen of Troy (NASDAQ:HELE - News) reports quarterly earnings Tuesday morning, watch for $0.85 EPS. HELE's PowerRating is 5.
Supervalu (NYSE:SVU - News) reports earnings early Tuesday; analysts expect $0.57 EPS. SVU's PowerRating is 5.
Analysts are watching for Volt Information Sciences (NYSE:VOL - News) to report $0.65 EPS on Tuesday morning. VOL's PowerRating is 7.
Alcoa (NYSE:AA - News) and Ruby Tuesday (NYSE:RI - News) both report earnings on Tuesday afternoon, so watch for heightened price action and volume. AA's PowerRating is 5, and RI's PowerRating is 5.
PowerRatings are courtesy of PowerRatings.net

Labels: , , , , , , ,

Wednesday, December 20, 2006

Wednesday's Biggest Decliners

Biopure Corp. (NASDAQ:BPUR - News) said that the U.S. Navy is in discussions with the Food and Drug Administration over potential protocol revisions to its previously proposed Resus Phase IIb/III pre-hospital trauma trial of Hemopure. The talks could enable Resus to proceed as a smaller, Phase II trial, subject to FDA approval, the company said. Last week, the FDA Blood Products Advisory Committee voted 11 to 8, with one abstention, against proceeding with the trial. The Naval Medical Research Center is sponsoring Resus.
Chaparral Steel Co. (NASDAQ:CHAP - News) reported second-quarter earnings of $1.40 a share, nearly double the 72 cents of the year-earlier period.
Cintas Corp. (NASDAQ:CTAS - News) second-quarter net income rose to 51 cents a share from 46 cents in the year-earlier period. Analysts had expected 52 cents.
CPI Corp. (NYSE:CPY - News) narrowed its third-quarter net loss to 15 cents a share from 39 cents in the year-earlier period. Shares outstanding fell to 6.4 million from 7.9 million.
Dell Inc. (NASDAQ:DELL - News), the world's No. 2 computer maker, named Donald Carty vice chairman and chief financial officer. The change of CFO comes amid an investigation of its financial reporting.
FedEx Corp. (NYSE:FDX - News) said Wednesday its second-quarter net income rose 8% to $511 million, to $1.64 a share, from $471 million, or $1.53 a share in the year-earlier period. Excluding costs for a new pilot labor contract at FedEx Express, the company said it would have earned $1.89 a share. Total revenue at the Memphis, Tenn.-based package delivery giant rose 10% in the three months ended Nov. 30 to $8.93 billion from $8.09 billion. Analysts polled by Thomson First Call forecast earnings, on average, of $1.76 a share and $8.91 billion in revenue. FedEx tightened its 2007 earnings outlook to $6.35 to $6.65 a share, or $6.60 to $6.90 a share, excluding labor contract costs. Third-quarter earnings would be $1.20 to $1.35 a share and fourth-quarter earnings are forecast at $1.98 to $2.13 a share.
Forrester Research Inc. (NASDAQ:FORR - News) said Warren Hadley, chief financial officer and treasurer, resigned. The resignation is due to irregularities uncovered by an internal investigation related to an option grant made to Hadley in 1999.
FoxHollow Technologies (NASDAQ:FOXH - News) cut its fourth-quarter revenue-estimate range to $44 million to $46 million from $54 million to $56 million. The Merck & Co. (NYSE:MRK - News) partner said it's reviewing strategy due to slower sales of SilverHawk, a minimally invasive system that removes obstructive plaque and restores blood flow to the legs and feet.
FSI International Inc., (NASDAQ:FSII - News) the maker of equipment used in microelectronics, swung to first-quarter net income of 6 cents a share from a net loss of 14 cents in the year-earlier period.
Greenbrier Companies (NYSE:GBX - News) said it expects its earnings for the first quarter of its fiscal year to fall below expectations, principally due to weaker-than-anticipated results in its North American new railcar manufacturing units. The supplier of equipment and services to the railroad industry said that it expects to report first-quarter to Nov. 30 operating earnings in a range of 10 cents to 13 cents a share. The results for the quarter also include a write-off of loan fees of 4 cents a share and non-cash foreign exchange losses of 3 cents a share. Analysts were expecting the company to post earnings of 54 cents a share for the quarter. The company also said that, in light of the expected first-quarter result, it also doesn't expect to meet its $3.10 to $3.40 fiscal-year earnings per share forecast.
Kohl's Corp. (NYSE:KSS - News) shares were downgraded to neutral by Robert Baird, which cited difficult comparisons and warmer weather hampering fourth-quarter results.
Northfield Laboratories Inc. (NASDAQ:NFLD - News) shares tumbled more after the company reported 46 deaths in a study assessing PolyHeme, compared with 35 deaths in the control group. PolyHeme is a human hemoglobin-based oxygen-carrying red-blood-cell substitute.
Palm (NASDAQ:PALM - News) second-fiscal-quarter earnings fell from the year-earlier result, which was inflated by a tax-accounting measure. Shipments of the company's smart-phone devices continued to grow.
Panacos Pharmaceuticals Inc. (NASDAQ:PANC - News) shares fell 30% after the biotechnology company said preliminary results from the first cohort of a Phase 2b study of bevirimat suggest that the tablet formulation did not deliver the drug as expected.
Park Electrochemical Corp. (NYSE:PKE - News) said that third-quarter net income was $9.5 million, or 47 cents a share, from $9.7 million, or 48 cents a share, a year ago. Analysts had been expecting the materials company to report earnings of 47 cents a share. Sales rose 20% to $68.2 million. The company said that last year's results were flattered by a $1.5 million tax benefit.
ResCare Inc. (NASDAQ:RSCR - News) said it sees per-share earnings of $1.24 to $1.28 in 2007, on revenue of $1.43 billion. Excluding items, ResCare sees per-share earnings of $1.35 to $1.39.
Sally Beauty (NYSE:SBH - News) was cut to underweight from neutral-weight by Prudential Equity Group, which said changes to the company's relationship with cosmetics giant l'Oreal should lower sales by $110 million in the last nine months of fiscal 2007.
Taubman Centers (NYSE:TCO - News) said it expects 2007 funds from operations, a key profitability measure for real estate investment trusts, in the range of $2.73 to $2.78 a share. Analysts surveyed by Thomson First Call are forecasting, on average, FFO of $2.69 a share for 2007. The Bloomfield Hills, Mich., regional shopping-center REIT said it expects 2006 FFO at the upper end of its previous estimate of $2.46 to $2.51 a share.
Tecumseh Products Co. (NASDAQ:TECUA - News) said its third-quarter net loss for the three months ended Sept. 30 widened to $37.8 million, or $2.05 a share, from $37.2 million, or $2.01 a share in the year-ago period. Revenue fell to $429.4 million from $449.9 million. The company cited unfavorable foreign currency fluctuations, higher costs for copper and other commodities, and a writedown of impaired assets. The company expects to take a loss in the fourth quarter because of the same factors cited above.

Labels: , , , , , , , , , , , , , , , , , , ,

This site is not affiliated with Mr. James Cramer, and is not associated with any television networks or broadcasts. Data presented on this site should not be used to make investment decisions and accuracy cannot be guaranteed GRB Holding Co., LLC

;