Archive for the ‘Consumer Discretionary Stocks’ Category

CCME jumps, YHOO busy, GHL red

Thursday, January 27th, 2011

China MediaExpress Holdings (Nasdaq: CCME) shares leaped 16 percent to $22.69. Volume was 4.3 million shares, compared to an average of 1.3 million, on speculation the company could be subject to a massive short squeeze after short sellers have piled into the stock assuming the company is a fraud.

Yahoo Inc. (Nasdaq: YHOO) traded in 28.1 million shares Thursday, compared to a daily average of 17.4 million. Share prices gained 4.2 percent to $16.22

Greenhill (NYSE: GHL) shares dropped 10.1 percent to $73.75. Volume was 1.3 million shares, towering over its daily average of 183,502, on weak Q4 profit.

BSET comfortable, INTC trades, ICGN slumps

Thursday, January 27th, 2011

Bassett Furniture Industries, Inc. (Nasdaq: BSET) climbed 28.6 percent to $5.85. Volume was 151,374 or seven times its normal daily volume, on quarterly sales of $66.0 million as compared to $59.5 million the year before, an increase of 10.9%. The Company reported net income of $1.9 million, or $0.17 per share, as compared to net income of $2.6 million, or $0.22 per share in the prior-year quarter.

Intel Corporation (Nasdaq: INTC) traded in 28.1 million shares Thursday, building toward a daily average of 55.1 million. Share prices eked up 0.4 percent to $21.83.

Icagen Inc. (Nasdaq: ICGN) shares chucked 8 percent to $2.89 Thursday, on volume of 315,271 shares, trailing its daily average of 489,397.

NFLX stars, QCOM a draw, HWKN loses feathers

Thursday, January 27th, 2011

Netflix Inc. (Nasdaq: NFLX) shares surged 13.6 percent to $208.00. Volume for the stock was 11.3 million shares – better than twice its daily average,  after the online DVD and streaming rental provider posted strong fourth-quarter results and gave a better-than-expected first-quarter forecast.

Qualcomm Inc. (Nasdaq: QCOM) traded in 24.8 million shares Thursday, doubling a typical full-day average of 12 million. Share prices strutted 5.8 percent to $54.84, after QCOM forecast revenue that topped estimates.

Hawkins Inc. (Nasdaq: HWKN) shares let go of  17.1 percent to $38.24 Thursday, on volume of 222,880 shares, easily beating its daily average of 41,869. Quarterly sales of HWKN $70.6 million represented an increase of 16.5% from $60.6 million in sales for the same period in the prior fiscal year.

RRPH shines, CCTR deals, ONCI off

Thursday, January 27th, 2011

Red Rock Pictures Holdings Inc. (OTCBB: RRPH) vaulted 233.3 percent to six-10ths of a cent. Volume for the stock was 2.72 million shares, triumphing over a full-day average of 168,787. RRPH is engaged in the finance, production, distribution and marketing of filmed entertainment products.

China Crescent Enterprises Inc. (OTCBB: CCTR) was a volume leader among micro-caps Thursday, trading in 63.9 million shares, compared to its full-day average of 59.9 million. Prices for the stock upped 5.3 percent to two-10ths of a cent. CCTR is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Cisco, IBM, HP and Dell.

On4 Communications Inc. (OTCBB: ONCI) went south 57.6 percent to half a cent Thursday, on volume of 84,700 shares, in contrast with usual daily volume of 51, 425. ONCI is a globally diversified Location Based Services (LBS) company with offices in Scottsdale, Arizona; in Richmond, British Columbia and representation in China.

ACAT prowls, MSFT big trader, MRNA sinks

Thursday, January 27th, 2011

Arctic Cat Inc. (Nasdaq: ACAT) shares improved 15.3 percent Thursday to $15.82. Volume was 224,068 shares, better than double its daily average, on quarterly revenues of $152 million, beating estimates of $136.8 million.

Microsoft Corporation (Nasdaq: MSFT) traded in 22.7 million shares Thursday, building toward a daily average of 58.3 million. Share prices stepped down 0.6 percent to $28.61

Marina Biotech Inc. (Nasdaq: MRNA) shares let go of 9.1 percent to $1.09 Thursday, on volume of 580,004 shares, beating its daily average of 234,217, on Japanese patent news concerning one of its nucleic acid products.