Jim Cramer Blog

On Friday, Cramer interviewed Mitt Romney, Republican candidate for president in 2008. They talked about his business background, his plans for the country, and his campaign.
"Speculation Friday" Cramer talked about a stock that he has been bearish on since he began the show. The stock is Skechers USA (SKX), which he thinks is poised for a turnaround since it beat earnings this week with strong revenue growth and international growth. If the company can expand its margins as the CEO promised, Cramer thinks this can be a $31 stock.
Cramer then went to the phone lines. The first caller asked about Nike (NKE) and their acquisition of Umbro, which Cramer likes and wishes he hadn't sold. The next caller asked about Heelys (HLYS), and Cramer said to stay away.
Before the Lightning Round Cramer did some housecleaning. First he said that he likes Starent Networks (STAR) again, since the price has dropped down to where he first recommended it. Next he said that Synta Pharmaceutical (SNTA) is risky, but Cramer likes it a speculative play. He also said that he likes Celgene (CELG) better.
Cramer's Game Plan for next week. Since the Fed is meeting next week, Cramer focused his plan on ways to profit from the results of the meeting. He thinks we will get a half point rate cut on Wednesday. His first suggestion is Annaly (NLY) since Cramer thinks they saw the mortgage crisis coming, and were prepared to profit from it. The next stock is FMC Technologies (FTI) since it helps oil companies find more oil, and it reports earnings on Tuesday. The next stock to buy is Transocean (RIG) since it is not affected by the poor US oil drilling market, and its merger with GlobalSantaFe (GSF) will close in about a month.
Cramer said that you should buy half your position in these stocks on Monday, and then buy the rest after the Fed announcement, since there is a chance that the Fed won't cut rates and that the market goes down because of it.
Wynn Resorts (WYNN) and Las Vegas Sands (LVS). Finally, Cramer answered an email that asked about these stocks. Cramer thinks that they are both well run companies.

Labels: CELG, HLYS, Jim Cramer, Mad Money, Mad MOney Recap, NKE, SKX, SNTA, STAR

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.

Intuitive Surgical Aug 160 Calls (NasdaqGS:ISRG). ISRG's PowerRating is 7.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Baidu.com July 140 Puts (NasdaqGM:BIDU). BIDU's PowerRating is 5.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Mastercard Inc. Aug 195 Calls (NYSE:MA). MA's PowerRating is 5.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Goldman Sachs Aug 195 Puts (NYSE:GS). GS' PowerRating is 6.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Heelys, Inc. (NasdaqGM:HLYS). HLYS's PowerRating is currently unavailable due to the stock not meeting certain parameters.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Countrywide Financial (NYSE:CFC). CFC's PowerRating is 5.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Wachovia Bank (NYSE:WB). WB's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: BIDU, CFC, GS, HLYS, ISRG, MA, stock options, WB

Symbol
Name
Last Trade
Change
Volume
Related Info
APAC
APAC CUSTOMER SVCS
3.01 3:04PM ET
1.28 (29.84%)
761,885

CUTR
CUTERA, INC.
23.05 3:04PM ET
6.19 (21.17%)
3,955,922

IDMI
IDM PHARMA INC
4.12 3:03PM ET
0.94 (18.58%)
2,746,289

DJO
DJO INCORPORATED
33.25 3:00PM ET
6.74 (16.85%)
6,165,350

ANSW
ANSWERS CORPORATION
11.85 3:03PM ET
2.29 (16.20%)
411,620

JBSS
JOHN B SANFILIPPO
11.80 3:04PM ET
2.19 (15.65%)
108,748

VSE
VERASUN ENERGY CORP
16.91 3:00PM ET
2.70 (13.77%)
3,129,884

TGX
THERAGENICS CORP
5.06 2:58PM ET
0.89 (14.96%)
769,574

VOXW
VOXWARE INC
5.99 2:54PM ET
0.93 (13.44%)
71,578

SIGA
SIGA TECH INC
4.29 3:05PM ET
0.63 (12.80%)
1,210,129

HLYS
HEELYS, INC.
32.23 3:05PM ET
4.11 (11.31%)
2,794,638

UFPT
UFP TECH INC
5.6400 3:01PM ET
0.7600 (11.88%)
391,429

BRNC
BRONCO DRILLING COMP
16.80 3:05PM ET
2.21 (11.63%)
2,189,862

MSTR
MICROSTRATEGY CL A
102.08 3:05PM ET
13.56 (11.73%)
2,064,042

REST
RESTORE MEDICAL INC
2.04 3:01PM ET
0.26 (11.30%)
56,700

CSPI
CSP INC
8.81 3:05PM ET
1.06 (10.74%)
147,131

HCTL
HEALTHCARE TECH LTD
1.12 1:50PM ET
0.14 (11.11%)
11,597

AMSF
AMERISAFE INC
18.00 3:05PM ET
2.00 (10.00%)
745,177
WTI
W&T OFFSHORE, INC.
27.96 3:00PM ET
3.34 (10.67%)
1,479,500

Labels: AMSF, ANSW, APAC, BRNC, CSPI, CUTR, DJO, HCTL, HLYS, IDMI, JBSS, MSTR, REST, SIGA, TGX, UFPT, VOXW, VSE, WTI

Symbol
Name
Last Trade
Change
Volume
Related Info
WEBM
WEBMETHODS INC
9.20 10:55AM ET
1.92 (26.37%)
15,458,305
Chart, Profile, More
GENE
GENETIC TECH SPON
4.50 10:50AM ET
0.85 (23.29%)
4,950
Chart, Profile, More
CORT
CORCEPT THERAPEUTICS
1.48 10:55AM ET
0.27 (22.31%)
125,015
Chart, Profile, More
FFHL
FUWEI FILMS (HOLDING
11.82 10:55AM ET
2.03 (20.74%)
3,062,172
Chart, Profile, More
AGEN
ANTIGENICS INC
3.19 10:55AM ET
0.56 (21.29%)
1,223,572
Chart, Profile, More
ANO
ANOORAQ RESOURCES
1.94 10:50AM ET
0.24 (14.12%)
1,382,000
Chart, Profile, More
MFW
M&F WORLDWIDE CP
55.62 10:50AM ET
6.55 (13.35%)
643,800
Chart, Profile, More
ATAR
ATARI INC
3.99 10:53AM ET
0.42 (11.76%)
68,582
Chart, Profile, More
ALDN
ALADDIN KNOW SYS L
18.89 10:55AM ET
1.92 (11.31%)
639,818
Chart, Profile, More
OPX
OPTEUM INC.
5.31 10:49AM ET
0.62 (13.22%)
678,200
Chart, Profile, More
HCTL
HEALTHCARE TECH LTD
1.62 10:51AM ET
0.14 (9.46%)
40,693
Chart, Profile, More
EPHC
EPOCH HOLDING CORP
13.90 10:48AM ET
1.09 (8.51%)
56,892
Chart, Profile, More
ATPL
ATLANTIS PLASTICS IN
2.30 10:33AM ET
0.24 (11.65%)
10,060
Chart, Profile, More
VOCS
VOCUS, INC.
21.61 10:55AM ET
2.08 (10.65%)
604,943
Chart, Profile, More
AMC
AMER MTG ACC CO SBI
8.80 10:50AM ET
0.79 (9.86%)
41,700
Chart, Profile, More
ACEL
ALFACELL CORP
1.52 10:52AM ET
0.13 (9.35%)
204,378
Chart, Profile, More
HLYS
HEELYS, INC.
30.39 10:55AM ET
2.60 (9.36%)
451,144
Chart, Profile, More
PAE
PEACE ARCH ENT GRP B
1.4200 10:40AM ET
0.0800 (5.97%)
75,700
Chart, Profile, More
BSTE
BIOSITE INC
91.81 10:55AM ET
7.51 (8.91%)
4,186,066
Chart, Profile, More
TAG
TAG IT PACIFIC INC
1.34 10:47AM ET
0.10 (8.07%)
57,900
Chart, Profile, More

Labels: ACEL, AGEN, ALDN, AMC, ANO, ATAR, ATPL, BSTE, CORT, EPHC, FFHL, GENE, HCTL, HLYS, MFW, OPX, PAE, TAG, VOCS, WEBM

American Eagle Outfitters Inc. (NasdaqGS:AEOS - News) said its fourth-quarter net income increased to $150.2 million, or 66 cents a share, from $107.5 million, or 47 cents a share, a year ago, helped by a higher merchandise margin. A Thomson Financial survey of analysts, on average, projected earnings of 66 cents a share for the quarter. Analysts' estimates usually exclude items. The Warrendale, Pa., retailer's revenue for the quarter ended Feb. 3 rose 27% to $973.4 million from $769.1 million, while quarterly same-store sales rose 14%. The company said due to the extra week in fiscal 2006, fourth quarter same-store sales are compared to a 14 week period ended February 4, 2006.
Conseco Inc. (NYSE:CNO - News) reported a large drop in fourth-quarter net income late Tuesday after the insurer was hit with significant losses in its long-term care business.
Copart Inc. (NasdaqGS:CPRT - News) reported second-quarter net earnings of $30.4 million, or 32 cents a share, up from $7.85 million, or 8 cents a share, during the year-ago period. Last year's results were adversely impacted by about $4.9 million as a result of the Gulf coast hurricanes. The Fairfield, Calif.-based provider of vehicle salvage disposition services posted revenue of $128.9 million vs. $125.1 million.
CV Therapeutics Inc. (NasdaqGM:CVTX - News) shares plunged after the biopharmaceutical company said its angina drug Ranexa was shown to be ineffective in treating patients with acute coronary syndrome.
Danaher Corp. (NYSE:DHR - News) said it now sees earnings of 75 to 77 cents a share in the first quarter. The company's previous outlook was for a profit of 72 to 77 cents a share in the March period. The current average estimate of analysts polled by Thomson Financial is for a profit of 77 cents a share in the first quarter. The company issued the forecast ahead of a presentation by H. Lawrence Culp at a conference in New York City sponsored by Citigroup.
EFJ Inc. (NasdaqGM:EFJI - News) shares tumbled after the Irving, Texas-based wireless company reported a fourth-quarter net loss of $7.79 million, or 30 cents a share. In the same quarter last year, the company posted a net profit of $15.4 million, or 59 cents a share. Revenue fell to $23.9 million from $29.8 million. Analysts polled by Thomson Financial were expecting a per-share loss of 8 cents on revenue of $31.3 million. Separately, EFJ forecast fiscal 2007 revenue of $185 million to $195 million and operating income of $7 million to $10 million.
Fairchild Semiconductor (NYSE:FCS - News) said it continues to expects a 3% to 6% decline in its first-quarter revenue. The outlook doesn't include the results of consolidating System General Corp.
Genesco Inc. (NYSE:GCO - News) reported fourth-quarter earnings of $35.3 million, or $1.35 a share, up from a year-ago profit of $31.3 million, or $1.15 a share. On a continuing operations basis, the Nashville, Tenn., footwear company said it earned $35.7 million, or $1.36 a share, in the latest quarter. This performance includes a gain of a penny per share from the recognition of gift card-related income and favorable litigation settlement. Sales rose in the latest three months to $476.9 million from $406.3 million in the same period a year earlier. The average estimate of analysts polled by Thomson Financial was for a profit of $1.31 a share in the January period. Looking ahead, Genesco forecast earnings of $2.78 to $2.81 a share for the fiscal year ending Feb. 2, 2008 on sales of about $1.6 billion. For the first quarter, it sees earnings of 28 cents a share on sales of between $339 million and $341 million. Wall Street's current consensus estimates are for profits of $2.97 a share and 47 cents a share in the respective periods. The company said it expects the performance of its Underground Station Group and Hat World Group businesses to continue to be impacted by ongoing softness in the urban market in the first half of the year.
Jupitermedia Corp. (NasdaqGS:JUPM - News) terminated talks with Getty Images Inc. over a potential transaction between the two companies.
Goodrich Petroleum Corp. (NYSE:GDP - News) shares fell after the Houston-based company rescheduled the release of it fourth-quarter financial results to March 13 due to a delay in finalizing its year end 2006 independent reserve report.
Heelys Inc.'s (NasdaqGM:HLYS - News) fourth-quarter earnings rose sharply to $11.5 million, or 44 cents a share, from $1.44 million, or 6 cents a share, a year earlier. The Dallas maker of sports-related products said revenue for the quarter rose sharply to $71.1 million from $14.9 million. On average, analysts polled by Thomson Financial expected fourth-quarter earnings of 28 cents a share on revenue of $61 million. Analyst estimates typically exclude items.
Hypercom (NYSE:HYC - News), a Phoenix-based firm involved in electronic transactions, said it narrowed its fourth-quarter loss to $2.74 million, or 5 cents a share, from $10.6 million, or 20 cents a share. Hypercom's revenue fell 5% to $64.8 million on a decline in multi-lane product revenue. Analysts polled by Thomson Financial expected earnings of 2 cents a share on revenue of $61.7 million. It sees 2007 revenue between $284 million and $290 million.
Insmed Inc. (NasdaqGM:INSM - News) said it's restructuring its operations as a result of its litigation settlement with Tercica Inc. and Genentech Inc. , which was announced Tuesday. As a result, Richmond, Va.-based Insmed expects its workforce of 150 to be reduced by roughly 34%. The company said its sales and marketing group will be eliminated and production at its manufacturing site in Boulder, Colo., will be scaled back to reflect the reduced drug product requirement. The company expects the savings to allow it to fund its operations into the fourth quarter of 2007. As of Dec 31, Insmed had $24.1 million of cash on hand.
Plato Learning Inc. (NasdaqGM:TUTR - News) shares fell after the Minneapolis-based provider of computer-based educational products late Tuesday reported a fiscal first-quarter net loss of $4.53 million, or 19 cents a share, compared with a net loss of $3.2 million, or 14 cents a share, in the year-ago period. Revenue fell to $17 million from $23.5 million. The company expects fiscal 2007 revenue in the mid-$70 million range and for its net loss to approximate its 2006 net loss excluding restructuring, impairment and other charges.
Rocky Brands (NasdaqGS:RCKY - News) shares dropped after the Nelsonville, Ohio-based footwear company reported a fourth-quarter net loss of $77,875, or a penny a share. In the same quarter last year, Rocky Brands posted a net profit of $2.61 million, or 46 cents a share. Revenue fell to $70.6 million from $74.9 million. The company expects fiscal 2007 earnings per share growth of 35%, and revenue growth of 5%.
Westwood One Inc. (NYSE:WON - News) swung to a fourth-quarter loss of $488.6 million, or $5.68 a share, from net income of $22.5 million, or 25 cents a share, a year ago, on a goodwill impairment charge of $515.9 million in the latest period. Excluding items, the New York media company said Wednesday it earned $14.6 million, or 17 cents a share, for the final quarter of 2006. Net revenue decreased 12% to $129.8 million from $147 million. National commercial advertisement revenue declined 14% and local/regional commercial advertisement revenue fell 9.4%. Analysts polled by Thomson Financial expected, on average, fourth-quarter earnings of 10 cents a share and revenue of $125.8 million for the provider of sports, news and traffic updates to radio stations.
Weyerhaeuser (NYSE:WY - News) was downgraded by UBS to reduce from neutral due primarily to valuation. Analyst Richard Schneider said that based on fundamentals, the stock should be trading around $70 a share, as the company's wood products business is posting losses, homebuilding is declining and as its containerboard business is being hurt by higher wastepaper costs. The stock was down $1.65, or 1.9%, at $84.55 in pre-open trading. As of Tuesday's closing, the stock has gained 22% since the end of 2006, and reached an all-time high of $87.09 in intraday trading on Feb. 27. Schneider said the stock may be trading on expectations that the company will make moves to unlock shareholder value, with some pressuring the company to become a real estate investment trust.
Published By MarketWatch

Labels: AEOS, CNO, CPRT, CVTX, DHR, EFJI, FCS, GCO, GDP, HLYS, HYC, INSM, JUPM, RCKY, TUTR, WON, WY

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Under Priced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
Advanced Magnetics Inc. May 70 Calls (NasdaqGM:AMAG - News). AMAG's PowerRating is 9.
Most Under Priced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Sears Holdings May 175 Puts (NasdaqGS:SHLD - News). SHLD's PowerRating is 7.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Heelys Inc. Mar 35 Calls (NasdaqGM:HLYS - News). No PowerRating available due to less than 200-day trading history.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
Lamar Advertising Apr 65 (NasdaqGS:LAMR - News). LAMR's PowerRating is 6.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Burlington Northern Santa Fe Corp. (NYSE:BNI - News). BNI's PowerRating is 7.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
D.R. Horton Inc. (NYSE:DHI - News). DHI's PowerRating is 7.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Atheros Communications (NasdaqGS:ATHR - News). ATHR's PowerRating is 8.
PowerRatings are courtesy of TradingMarkets.com

Labels: AMAG, ATHR, BNI, DHI, HLYS, LAMR, SHLD, stock options

Heelys Inc. was the speedy star of the IPO market Friday, closing 55 percent higher than its IPO price.
The maker of a kids' sneaker that converts into a skate, Heelys closed at $32.60 a share on the Nasdaq Stock Market, well above the initial public offering price of $21.
Shares had opened at $30.30 Friday morning.
The Carrolton, Texas-based company sold 6.43 million shares of its stock at a price above its expected $16 to $18 range, which was set by underwriters.
Heelys' strong debut comes as investors have embraced specialty retailers and sportswear makers aimed at the youth and young adult market in recent years. Three youth-oriented companies that had strong debuts in 2005 were Under Armour Inc., Zumiez Inc. and Volcom Inc.

Labels: Heelys Inc., HLYS

Top management at Citigroup (C) must go, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.
Cramer said the stock's 2.4% rise in heavy volume Friday points to investors' hope that either CEO Chuck Prince or finance chief Sallie Krawcheck is on the way out. Cramer said he would like to see both of them forced out, in favor of a combination of M&A head Ray McGuire and Vice Chairman Bob Rubin. He said their appointment would move the stock up to $55 from a recent $52.
But regardless of what's afoot, Cramer said Citi should by now have made a statement to the market about whether there is any basis for the unusual trading in the stock.
"I'm embarrassed for Citigroup," Cramer said. He said the New York Stock Exchange and the Securities and Exchange Commission should prompt the bank to comment on the furious trading in its shares. Volume at midafternoon was more than three times the daily average.
Cramer added that Prince and Krawcheck would already be out if it weren't for the fact that top execs at big companies are the least accountable people in America.
"This is the worst-performing major financial in America," Cramer said of Citigroup. He went on to call Prince and Krawcheck "the least pro-shareholder executives since Al Dunlap," the disgraced former Sunbeam chief.
Cramer said he wouldn't buy Heelys (HLYS) with the stock up 60% on the day in the 33-34 range. He'd wait for it to come back toward Thursday evening's 21 IPO pricing level to buy.
Cramer also castigated bears on Countrywide (CFC), saying the risks in subprime lending have been vastly overstated.
"As long as employment is good and interest rates are low, this is going to solve itself," Cramer said of the indications that some borrowers are having trouble repaying their loans. "Shorts, eat my shorts."
Published By TheStreet.com

Labels: C, CFC, HLYS, Jim Cramer, Jim Cramer's Stop Trading

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