Archive for the ‘Consumer Discretionary Stocks’ Category

FARO fabulous, GE does business, GM profits

Thursday, February 24th, 2011

Faro Technologies Inc. (Nasdaq: FARO) shares rose 17.9% to $35.19, on share volume of 396, 461, or six times its normal daily share volume, after the manufacturer of portable software measuring systems reported fourth-quarter results that exceeded estimates late Wednesday.

General Electric Company (NYSE: GE) was among the volume champions Thursday, dealing in 64.9 million shares, outdistancing a daily average of 59.4 million. Prices for GE forged 1.7% higher at $20.58.

General Motors Co. (NYSE: GM) shares slumped 4.5% to $33.02, on share volume of 63.3 million, more than triple its normal average, after the automaker reported an annual profit of $4.7 billion in 2010, its first annual profit since 2004.

KAI crows, MU moves along, AXT declines

Thursday, February 24th, 2011

Kadant Inc. (NYSE: KAI) gained 13.6% Thursday to $23.64, on share volume of 612,000, or 15 times its all-day average, after announcing Q4 revenues of $73.3 million, an increase of $16.5 million, or 29% over last year.

Micron Technology Inc. (Nasdaq: MU) traded Thursday in 24.5 million shares, closing in on a daily average of 36.9 million. MU shares picked up 1% to $10.65.

AXT Inc. (Nasdaq: AXTI) demurred 17.5% to $6.90 Thursday, on share volume of 3.1 million, more than four times its daily average, after reporting full-year earnings of $18.7 million on revenue of $95.5 million. In 2009, it lost $1.9 million on revenue of $55.4 million.

BW higher, INTC bolts, STS stutters

Thursday, February 24th, 2011

Brush Engineered Materials (NYSE: BW) jumped 22.6% in price to $42.26, on share volume of 351,000, better than triple its all-day average. This, after BW declared quarterly EPS of 61 cents, trouncing estimates of 46 cents, and revenues of $356 million, compared to estimates $305.13 million.

Intel (Nasdaq: INTC) did pretty fair volume Thursday, trading in 27.7 million, nearly half its daily average. INTC shares were flat at to $21.16 after announcing Thunderbolt Technology, a new high-speed PC connection technology that runs at 10Gbps.

Supreme Industries Inc. (AMEX: STS) stumbled in price to 22.2% to $2.45 Thursday, on share volume of 104,000, compared to a measly 8,129 for a daily average, after reporting net sales for the full year, of $220.9 million, up 19% from $186.1 million in 2009.

PCLN beams up, CSCO deals, SLXP sliced and diced

Thursday, February 24th, 2011

Priceline.com Inc. (Nasdaq: PCLN) shares were up 7.1% to $456.11, on share volume of 2.9 million shares, or three times its average, a day after the online travel-booking service said its fourth-quarter net income rose 73%.

Cisco Systems Inc. (Nasdaq: CSCO) was among volume leaders Thursday, particularly among tech stocks, by trading in 30.6 million shares, nearly half its all-day average of 71.9 million. Prices for CSCO were flat at $18.39

Salix Pharmaceuticals Inc. (Nasdaq: SLXP) stumbled in price to 22.8% to $32.01 Thursday, on share volume of 8.9 million, more than 10 times its daily average, after the Raleigh company said that the FDA wasn’t ready to approve one of its drug candidates without more information.

SAVW brilliant, TYRIA towers, CPSV tumbles

Thursday, February 24th, 2011

SavWatt USA Inc. (OTCBB: SAVW) shot ahead 263.2% to 1.38 cents. The stock was also a volume leader among micro-caps Thursday, trading in 41.5 million shares, compared to a daily average of 1.9 million, a day after the leader in LED lighting technology and the green revolution, signed a 10-year-lease for a new state-of-the-art facility called “SavWatt’s Eco Hub.”

Trey Resources Inc. (OTCBB: TYRIA) traded in 30.5 million shares Thursday, compared to an all-day average of 25.9 million. Prices for TYRIA were flat at one-100th of a cent.

Consumer Products Services Group Inc. (OTCBB: CPSV) capsized 40% in price to 2.1 cents Thursday, on share volume of 69,280, pursuing an all-day average of 105,719.