Jim Cramer Blog

Here are 7 options to watch for Today.
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.
iShares Russell 2000 Index Oct 84 Calls (AMEX:IWM - News). IWM's PowerRating (for Traders) is 5.
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.
Network Appliance Oct 27.5 Puts (NasdaqGS:NTAP - News). NTAP's PowerRating (for Traders) is 4.
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.
Google Oct 620 Calls (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) 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.
Baidu.com Oct 220 Puts (NasdaqGS:BIDU - News). BIDU's PowerRating (for Traders) is 2.
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.
Spectrum Brands (NYSE:SPC - News). SPC's PowerRating (for Traders) is 4.
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.
Questar (NYSE:STR - News). STR's PowerRating (for Traders) 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.
KB Home (NYSE:KBH - News). KBH's PowerRating (for Traders) is 4.
Published By TradingMarkets.com

Labels: BIDU, GOOG, IWM, KBH, NTAP, SPC, stock options, STR

Symbol
Name
Last Trade
Change
Volume
Related Info
BSTE
BIOSITE INC
83.71 12:37PM ET
28.33 (51.16%)
3,822,134
Chart, Profile, More
ALXA
ALEXZA PHARMACEUTICA
15.27 12:37PM ET
5.29 (53.01%)
6,456,497
Chart, Profile, More
CALPW
CALIPER LIFE SCN WTS
2.50 9:30AM ET
0.55 (28.21%)
130
Chart, , More
ANTP
PHAZAR CORP
6.64 12:34PM ET
1.06 (19.00%)
361,100
Chart, Profile, More
NVGN
NOVOGEN LTD ADS
12.00 12:37PM ET
2.05 (20.60%)
6,900
Chart, Profile, More
TAGS
TARRANT APPAREL GR
1.858 12:25PM ET
0.308 (19.87%)
853,477
Chart, Profile, More
OPX
OPTEUM INC.
4.70 12:32PM ET
0.61 (14.91%)
320,200
Chart, Profile, More
MEK
METRETEK TECH
12.56 12:32PM ET
1.81 (16.84%)
324,900
Chart, Profile, More
DSTIZ
DAYSTAR TECHNOLOGIES
1.40 12:30PM ET
0.20 (16.67%)
55,214
Chart, , More
INXIW
INX INC WARRANTS
2.74 9:30AM ET
0.38 (16.10%)
100
Chart, , More
SPC
SPECTRUM BRANDS INC.
6.06 12:32PM ET
0.54 (9.78%)
2,362,100
Chart, Profile, More
VG
VONAGE HOLDINGS CORP
3.34 12:32PM ET
0.34 (11.33%)
3,711,200
Chart, Profile, More
OSIR
OSIRIS THERAPEUTICS
20.50 12:36PM ET
2.60 (14.53%)
1,044,776
Chart, Profile, More
TUC
MAC GRAY CP
15.75 12:28PM ET
1.83 (13.15%)
111,700
Chart, Profile, More
EGR
COMMERCE ENERGY GP
2.6801 12:32PM ET
0.2801 (11.67%)
555,400
Chart, Profile, More
VOCL
VOCALTEC COMMUNICATI
3.85 12:21PM ET
0.35 (10.00%)
118,980
Chart, Profile, More
NASI
NORTH AMERN SCI
1.17 12:37PM ET
0.11 (10.38%)
183,484
Chart, Profile, More
DGIT
DG FASTCHANNEL INC
15.57 12:37PM ET
1.66 (11.93%)
432,781
Chart, Profile, More
PMID
PYRAMID BREWERIES
4.07 12:34PM ET
0.38 (10.30%)
24,664
Chart, Profile, More
BJCT
BIOJECT MEDICAL
1.37 12:37PM ET
0.13 (10.48%)
105,488
Chart, Profile, More

Labels: ALXA, ANTP, BJCT, BSTE, CALPW, DGIT, DSTIZ, EGR, MEK, NASI, NVGN, OPX, OSIR, PMID, SPC, TAGS, TUC, VG, VOCL

Achillion Pharmaceuticals (NasdaqGM:ACHN - News) shares plunged 50% after the company and Gilead Sciences said late Thursday they have discontinued the development of a treatment for hepatitis C called GS9132. The drug was found to raise the level of serum creatinine, which indicates abnormal kidney function. The companies said the levels fell after the drug cease to be administered. Following the results of Phase 1b/2 studies, the companies said they would shift its focus to other antagonists of a viral protein called NS4A in order to find a lead candidate. The antagonists are developed by Achillion.
BMC Software (NYSE:BMC - News) shares fell 6.6% after the company reported that third-quarter net income rose 31% to $63.9 million, or 30 cents a share, from 48.7 million, or 22 cents a share as revenue grew 8.6%. Excluding certain items, the company recorded adjusted per-share earnings of 41 cents. The Houston management systems company's revenue for the quarter ended Dec. 31 rose to $412.9 million from $380.3 million in the year-earlier period. On average, analysts expected adjusted per-share earnings of 39 cents on revenue of $402.9 million, according to a poll by Thomson Financial. For 2007 the company now expects adjusted per-share earnings of $1.45 to $1.49 compared with $1.40 to $1.48, previously. Wall Street expects adjusted per-share earnings of $1.47. For the fourth-quarter, the company expects adjusted per-share earnings 36 cents to 40 cents on revenue of $415 million to $435 million. Analysts expect adjusted per-share earnings of 40 cents on revenue of $423.5 million.
Brady Corp. (NYSE:BRC - News) shares fell 9.3% after the company said it expects second-quarter per-share net income at 33 cents to 36 cents for the quarter ended January 31, on revenue of $321 million. On average, analysts expect the company to report per-share earnings of 49 cents on revenue of $307.3 million, according to a poll by Thomson Financial. The company said its OEM electronics business softened in the quarter, largely in mobile handsets and hard disks. The Milwaukee identification products provider expects 2007 per-share earnings of $2.06 to $2.15, down from $2.22 to $2.29 previously expected, on revenue of $1.35 billion to $1.37 billion, up from $1.25 billion to $1.28 billion. Wall Street expects 2007 per-share earnings of $2.30 on revenue of $1.28 billion.
Callaway Golf Co. (NYSE:ELY - News) shares lost 11% after the company reported a fourth-quarter net loss $10.2 million, or 15 cents a share, compared with a net loss of $18.7 million, or 27 cents a share, during the year-ago period. The company said it expects 2007 per-share pro forma earnings, including charges for employee long-term incentive compensation, of 66 cents to 76 cents on revenue of $1.035 billion to $1.055 billion.
CTS Corp. (NYSE:CTS - News) shares sank 12% after the company said it's continuing its probe of certain accounting issues. The Elkhart, Ind., maker of electronic components also lowered its outlook for the full year to earnings of 66 to 70 cents a share for fiscal 2006 from a previous projection for a profit of 74 to 77 cents a share. The company cited lower margins in its electronics manufacturing services business and the impact of incorrect accounting.
Curtiss-Wright (NYSE:CW - News) shares lost 8.2% after the company said it expects earnings of $2 to $2.10 per share in fiscal 2007 on revenue of between $1.37 billion and $1.4 billion. The current average estimate of analysts polled by Thomson First Call is for a profit of $2.14 a share in the period.
Energy Conversion Devices Inc. (NasdaqGS:ENER - News) shares sank 16% after the company reported a second-quarter net loss of $2.91 million, or 7 cents a share, compared with a net loss of $5.74 million, or 19 cents a share, during the year-ago period. Revenue reached $22.9 million vs. $24.3 million. Cowen & Co. downgraded the stock to neutral from outperform.
Gateway (NYSE:GTW - News) shares fell 9.8% after the company reported a fiscal fourth-quarter profit of $8.8 million, or 2 cents a share, compared to a loss of $20.9 million, or 5 cents a share, a year ago. Revenue slipped about 9%, to $1.02 billion from $1.124 billion in the year-ago quarter.

MasterCard (NYSE:MA - News) shares lost 9.7% after the company said it earned $40.9 million or 30 cents a share in the fourth quarter, compared to a loss of $52.9 million, or 39 cents a share a year ago. On an operating basis, the company said it earned 31 cents a share in the fourth quarter. Analysts polled by Thomson First Call had, on average, expected the company to earn 17 cents a share. Revenue in the quarter was $839.2 million, up 17% from $715.9 million a year ago, and ahead of the First Call estimate of $826.9 million. MasterCard also said it raised its quarterly dividend to 15 cents a share from 9 cents a share.
Omniture (NasdaqGM:OMTR - News) shares tumbled 18% after the company said its fourth-quarter net loss narrowed to $763,000, or 2 cents a share, from $7.2 million, or 52 cents a share, a year earlier, helped by the addition of more than 250 customers. Excluding items, the Orem, Utah, online business optimization software company's earnings were $900,000, or 2 cents a share. Revenue rose 71% to $23.5 million from $13.7 million a year earlier. Analysts polled by Thomson Financial expected, on average, earnings of a penny a share on revenue of $23.3 million. For the first quarter, the company expects a loss of 4 cents to 5 cents a share, or earnings of breakeven to a penny a share excluding items, on revenue of $26 million to $27 million. For the year, Omniture sees a loss of 13 cents to 15 cents a share, or earnings of 7 cents to 9 cents a share excluding items, on revenue of $128 million to $130 million. Analysts expect, on average, first-quarter earnings of 2 cents a share on revenue of $26.50, and full-year earnings of 17 cents on revenue of $125.9 million.
Silicon Image Inc. (NasdaqGS:SIMG - News) shares fell 14% after the company reported fourth-quarter net earnings of $26.3 million, or 29 cents a share, compared with $12.6 million, or 15 cents a share, in the same period last year. The company sees 2007 revenue of $340 million to $360 million.
Sirona Dental Systems (NasdaqGS:SIRO - News) shares lost 6.2% after the company said fiscal first-quarter earnings fell to $2.3 million, or 4 cents a share, from $3.3 million, or 9 cents a share, a year earlier. The results include a $21.1 million charge for the early extinguishment of debt and a $3.9 million gain from refinancing. Revenue increased 29% to $174.8 million from last year's $135.9 million.
Spectrum Brands (NYSE:SPC - News) shares fell 12% after the company was downgraded to underweight from neutral weight at Prudential Equity Group. The firm reduced its price target on the stock to $7 from $10.
Star Gas Partners (NYSE:SGU - News) shares fell 6.5% after the company said it swung to a fiscal first-quarter net income of $4.7 million, or 6 cents a share, while revenue dropped 20% to $330 million. Slightly higher selling prices were more than offset by a reduction in sales of home heating oil, the company said, while its profit was lifted by a lower charge for the change in fair value of derivative instruments, a reduction in net interest expense and lower depreciation and amortization expenses. The company also said its chief executive, Joseph Cavanaugh, will retire at the age of 70 on May 31, to be replaced by Dan Donovan, the company's president.
United Online (NasdaqGS:UNTD - News) shares lost 8.6% after the Woodland Hills, Calif., provider of Internet access services said it expects a "slight to moderate decline" in revenue for fiscal 2007 from 2006's total of $522.7 million.

Published By MarketWatch

Labels: ACHN, BMC, BRC, CTS, CW, ELY, ENER, GTW, MA, OMTR, SGU, SIMG, SIRO, SPC, UNTD

Pacer International Inc. (NasdaqGS:PACR - News) reported fourth-quarter net income of $21.5 million, or 57 cents a share, up from $20.4 million, or 54 cents a share, a year ago. Revenue for the three months ended Dec. 29 fell to $502 million from $503.8 million a year ago.
PepsiCo (NYSE:PEP - News) said fourth-quarter profit rose 60%, helped by a tax benefit, lower expenses, strength in its international business and robust sales of non-carbonated drinks and salty snacks in the U.S.
Protective Life (NYSE:PL - News) said fourth-quarter net income rose, as the company recorded investment gains of 28 cents per share, to $85.2 million, or $1.19 a share, from $68.6 million, or 96 cents a share, during the same period in the prior year. Before items, quarterly per-share income fell to 91 cents from $1.02 in the prior year. Analysts polled by Thomson Financial had expected per-share earnings of $1. The insurance and investment products company said it sees 2007 operating income per share of $3.60 to $3.80.
Riverbed Technology (NasdaqGM:RVBD - News) said it plans to file with the Securities and Exchange Commission a registration statement to offer five million shares in an underwritten secondary public offering. The San Francisco-based company said about 2.65 million of the shares will be offered by certain Riverbed stockholders. The company also said its fourth-quarter loss narrowed to $2.41 million, or 4 cents a share, from $4.73 million, or 43 cents a share, a year earlier, as revenue surged on product demand and customer growth. Excluding stock-based compensation, the company earned 3 cents a share for the most recent period. Analysts surveyed by Thomson Financial expected, on average, quarterly earnings of 1 cent a share, before items. The San Francisco wide-area data service company's revenue for the quarter rose to $33.8 million from $10.6 million a year ago.
Silicon Laboratories (NasdaqGS:SLAB - News) agreed to sell its Aero single-chip phone and power amplifier product lines to NXP for $285 million. The cash deal also includes additional earn-out potential of up to $65 million over the next three years. The semiconductor company expects the deal to close by the end of the first quarter.
Spectrum Brands (NYSE:SPC - News) said it swung to a loss of $18.8 million, or 38 cents a share, from a profit of $2.3 million, or 5 cents a share, a year earlier. Excluding non-recurring items, such as a loss from discontinued operations and a restructuring charge, the Atlanta consumer products company would have earned 12 cents a share in the quarter ending December. Revenue fell 0.3% to $564.6 million from last year's $566.3 million, as a 6% drop in battery sales offset 7% growth in Remington branded product sales and a 4% increase in Global Pet sales. Analysts surveyed by Thomson Financial had been expecting earnings of 8 cents a share and revenue of $640.3 million, on average.
Syntax-Brillian Corp. (NasdaqGM:BRLC - News) shares gained after the Tempe, Ariz.-based maker of HDTVs and digital entertainment products reported fiscal second-quarter net earnings of $14.8 million, or 25 cents a share. In the same quarter last year, the company posted a net loss of $1.23 million, or 4 cents a share. Revenue rose to $242.5 million from $60.2 million. Analysts polled by Thomson Financial had forecast a per-share profit of 24 cents on revenue of $241.8 million. For the fiscal third-quarter, Syntax-Brillian expects revenue of $160 million to $170 million, and for fiscal 2007, the company expects revenue of $650 million to $700 million.
Toll Brothers (NYSE:TOL - News) reported an "uptick" in sluggish housing demand in several markets as the luxury home builder's cancellation rate came down but said it may post quarterly writedowns as high as $160 million or more, which would handily top its previous estimate for all of 2007.
Unilever (NYSE:UL - News) (NYSE:UN - News) reported a fourth-quarter profit surge, although it lacked sales growth due to difficulties rejuvenating its European operation.
Warner Music Group (NYSE:WMG - News) said its profit dropped 74% to $18 million, or 12 cents a share, as revenue declined 11% to $928 million. Analysts polled by Thomson Financial expected earnings of 24 cents a share on revenue of $945 million. The company said it faced "unusually difficult" year-ago comparisons, and it said digital revenue represented 11% of total revenue during the quarter. Softer domestic and European sales hurt its recorded music division, while music publishing revenue edged up 2%.
Waste Management Inc. (NYSE:WMI - News) posted a 15% drop in fourth-quarter earnings compared to a year ago when hurricane clean-up profits bolstered the bottom line.

Labels: BRLC, PACR, PEP, PL, RVBD, SLAB, SPC, TOL, UL, UN, WMG, WMI