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Friday May 2, 2008 — Zacks.com: Analyst Blog
Recently, Sen. McCain proposed suspending the $0.18 per gallon gas tax from Memorial Day through Labor Day. The tax goes directly into the highway trust fund. The country's infrastructure is crumbling as it is, as dramatically illustrated by the bridge collapse in the Twin Cities awhile b...
Friday May 2, 2008 — WC Power Tech Fund
While the market initially sold off moderately after the Federal Reserve Interest Rate cut the euphoria was back in full effect Thursday with substantial gains. The buying couldn't hold early Friday though, as American benchmarks drifted lower through mid-day. On the heels of a bullish Thursday, w...
Friday May 2, 2008 — SchaeffersResearch
First-quarter income more than doubled for oil and gas company Apache Corp.
(APA:
sentiment,
chart,
options)
, but the results weren't impressive enough to live up to Wall Street's high expectations. APA pulled in $1.02 billion, or $3.03 per share; with an adjustment for foreign cu...
Friday May 2, 2008 — SchaeffersResearch
Expedia
(EXPE:
sentiment,
chart,
options)
shares are down more than 2% following the company's first-quarter earnings release. The company banked a profit of $51.3 million, or 17 cents per share; excluding items, earnings totaled 24 cents per share. Revenue gained 25% to $687.8 m...
Friday May 2, 2008 — Zacks.com: Analyst Blog
BT Group Plc (BT) is expected to report in-line 4Q08. It reported a weaker-than-expected 3Q08, with revenues below our estimate, but earnings, helped by a lower effective tax rate, were in line.
The company is moving ahead with the expansion of its 21CN network. The company rolled out i...
Friday May 2, 2008 — SchaeffersResearch
Full disclosure: Shutterfly
(SFLY:
sentiment,
chart,
options)
was very nearly the topic of this week's By the Numbers column. That honor ultimately went to WebMD (WBMD), though, because SFLY crashed back below its 80-day moving average almost immediately after topping it. In f...
Friday May 2, 2008 — Zacks.com: Analyst Blog
Lexicon Pharmaceuticals Inc. (LXRX) is focused on defining the functions of genes using the gene knockout technology. Based on its proprietary technology, the company has attracted both drug-based collaborations and strategic equity investors. The company is currently engaged in research ...
Thursday May 1, 2008 — SchaeffersResearch
Dow Jones (DJIA) component Home Depot
(HD:
sentiment,
chart,
options)
is more than 4% higher as we head toward midday, thanks to an announcement the company made earlier this morning. The home-improvement retailer will jettison plans to add roughly 50 U.S. stores in order to save ...
Thursday May 1, 2008 — Zacks.com: Analyst Blog
Shanghai Petrochemical's (SHI) exposure to the fast-expanding Chinese economy and strong petrochemical product demand make us confident of strong volume growth. Moreover, long-term growth in China and a low valuation give us a positive outlook on the stock. In the first quarter of 2008, t...
Thursday May 1, 2008 — SchaeffersResearch
One of the top performing stocks today is Volcom, Inc. (VLCM). Shares of this clothing designer are up nearly 25% after offering this release last night. It seems that part of the surge could be attributed to short interest.
The number of VLCM shares sold has risen in recent months and sits a...
Thursday May 1, 2008 — Zacks.com: Analyst Blog
ViroPharma Incorporated's (VPHM) stock has been in a sideways trend for the past several months. And, although we are maintaining our Buy rating on the stock, we continue to see little movement until an update is issued from the Office of Generic Drug (OGD) on a potential generic Vancocin...
Thursday May 1, 2008 — SchaeffersResearch
After reporting weaker-than-expected first-quarter earnings yesterday, Garmin
(GRMN:
sentiment,
chart,
options)
felt the Street's ire today. To name a few:
Lehman Brothers analyst Amir Rozwadowski slashed his 2008 and 2009 profit estimates on the GPS guru, reducing his price ta...
Thursday May 1, 2008 — SchaeffersResearch
We are an hour and a half into the session and find the broad market indices posting mild-to-moderate gains... Click here for symbol descriptions
The S&P 500 (SPX), Dow Jones Industrial Average (DJIA), and Russell 2000 (RUT) are fairly subdued while the Nasdaq Composite (COMP) jumps nearly a pe...
Thursday May 1, 2008 — univpitt
Market is behaving well today. Looking for a strong close.
Bought some CME calls
1 500 Call @ 5.8 (bought yesterday)
1 490 Call @ 7.10
Doing well with DUG and XL, was not able to get into MON at price I wanted.
Also picked up a GOOG 620 Call @ 6.60, good momentum and I look for this...
Thursday May 1, 2008 — Zacks.com: Analyst Blog
BioMarin Pharmaceutical Inc. (BMRN) develops enzyme therapies for serious chronic genetic disorders and other diseases and conditions. Its leading product, Aldurazyme, is used for treating the ultra-rare genetic disorder mucopolysaccharidosis-I (MPS-I) while its second product, Naglazyme,...
Thursday May 1, 2008 — SchaeffersResearch
Blue-chip oil magnate Exxon Mobil
(XOM:
sentiment,
chart,
options)
this morning reported first-quarter profit of $10.89 billion, or $2.03 per share, up from $6.8 billion, or $1.62 per share, a year earlier. Analysts expected earnings of $2.12 per share. Revenue totaled $116.85 bi...
Thursday May 1, 2008 — Zacks.com: Analyst Blog
DPL Inc. (DPL) continues to benefit from its stable regulated electric power operations. The advent of 2008 saw gains on sale of emission allowances, higher top-line and rates mainly in the retail segment, and lower OM expenses. Moreover, the liquidation of the company's investment portfo...
Thursday May 1, 2008 — Zacks.com: Analyst Blog
Barrier Therapeutics, Inc. (BTRX) is a biopharmaceutical company focused on the discovery, development, and commercialization of pharmaceutical products in the field of dermatology. Although the company launched two new products (Vusion and Xolegel) in 2006, revenue contribution from thes...
Thursday May 1, 2008 — Fingad.com
Bank of India Performance FY 08 - by Narasimhan Bank of India announced its results for the year ended March 31, 08. The major financial indicators are tabulated below Year ended 31.03.08 Year ended 31.03.07 Deposits 150...
Thursday May 1, 2008 — SchaeffersResearch
Here are some of the contenders for today's biggest...news...of...the...day...
Lower-than-expected earnings from Exxon Mobil Corp (XOM)...
Earnings from Starbucks (SBUX) that met the recently lowered expectations...results were said to be hurt by "a real reduction in consumers discret...
Thursday May 1, 2008 — SchaeffersResearch
The Labor Department this morning reported that first-time filings for state unemployment benefits tallied 35,000 more last week, hitting 380,000. Economists predicted initial claims to surge by 20,000 for the week ended April 26. The 4-week moving average of initial claims fell by 6,500, stan...
Thursday May 1, 2008 — Zacks.com: Analyst Blog
PartnerRe Ltd.'s (PRE) 1Q08 operating earnings of $110.2 million or $1.98 per diluted share were substantially short of estimates. The results benefited from a moderate level of incurred losses, strong investment income growth, and a weakening U.S. dollar, which were more than offset by t...
Thursday May 1, 2008 — Zacks.com: Analyst Blog
We are keeping our Buy recommendation on Coca-Cola FEMSA S.A. de C.V. (KOF). On April 25, 2008, Coca-Cola FEMSA reported better-than-expected first quarter 2008 results. Total revenue reached MXN$17,257 million (US$1,597.7 million) from MXN$ 18,361 million in the previous quarter, and MXN...
Thursday May 1, 2008 — SchaeffersResearch
Companies seeing a skew towards puts in the previous session: SPDR Trust Series I (SPY), Lehman Brothers (LEH), DIAMONDS Trust Series I (DIA), Interpublic Group of Companies (IPG), JDS Uniphase (JDSU), Occidental Petroleum (OXY), Bare Escentuals, Inc. (BARE), Lennar Corp. (LEN), Suncor Energy ...
Thursday May 1, 2008 — SchaeffersResearch
Here are the results for today's unusual stock volume scan. The scan looks at the previous day's volume and compares it to the recent average volume. It then sorts the stocks based on those that showed the biggest increase (the "unusual" part) in volume.
Companies included in today's scan...