Archive for the ‘Consumer Discretionary Stocks’ Category

BKI makes bucks, MSFT dialed in, XIN goes south

Wednesday, January 26th, 2011

Buckeye Technologies Inc. (NYSE: BKI) shares spiked 18.1 percent to $24.94, on volume of 1.6 million shares, beating its daily average of 449,548, on strong quarterly earnings of $17.1 million, or 42 cents a share, on sales of $209.5 million. That compares to net income of $46.3 million, of $1.18 per share, on sales of $183.3 million, a year ago.

Microsoft Corporation (Nasdaq: MSFT) was among the volume leaders Wednesday, exchanging 45.7 million shares compared to a daily average of 57.9 million. Share prices improved 1.2 percent to $28.80, on news the software giant shipped two million Windows phones last quarter.

China Xiniya Fashion Inc. (NYSE: XNY) shares tumbled 11.7 percent to $6.50, on volume of 483,556 shares, nearly double its daily average, after renewing its sponsorship agreement with a leading pop star in China

BIOF busy, BAC in trouble, EK out of focus

Wednesday, January 26th, 2011

BioFuel Energy Corp. (Nasdaq: BIOF) shares improved 18.1 percent to $1.24, on volume of 384,014 shares, just outdistancing its daily average.

Bank of America Corp. (NYSE: BAC) exchanged 65.7 million shares Wednesday, compared to a daily average of 204.5 million. Share prices improved 0.3 percent to $13.67, after the bank was sued by mortgage investors over what they called “massive fraud”.

Eastman Kodak Company (NYSE: EK) shares tumbled 16.6 percent to $3.77, on volume of 35.5 million – four times its daily average — after EK reported its quarterly profit plunged 95 percent and revenue tumbled 25 percent on steep declines in its digital business as well as a drop in intellectual-property licensing revenue.

NEI stronger, NWSA into heavy trading, JTX taxed

Monday, January 24th, 2011

Network Engines Inc. (Nasdaq: NEI) shares muscled 21.8 percent higher to $2.18, on 1.5 million shares, routing a daily average of 373,698. The Canton, Mass.-based provider of server-based application platforms, appliances and lifecycle support services will be reporting financial numbers this Thursday.

News Corporation (Nasdaq: NWSA) dealt in 28.3 million shares Monday, more than double its full-day average . Share prices picked up 2.5 percent to $15.70.

Jackson Hewitt Tax Services (NYSE: JTX) let go of 11.6 percent to $1.52 Monday. Volume for the stock was 1.7 million shares, beating its daily average of 1.2 million. New Jersey-based JTX last week launched a new product. MyTaxManager is a free online tax management tool and one-stop personalized Web destination that gives consumers a secure, centralized home for a range of tax-related documents and information.

NVGN leaps, MU active, MCOX in doldrums

Monday, January 24th, 2011

Novogen Limited (Nasdaq: NVGN) shares accelerated 41.1 percent to $1.58, on 1.8 million shares, overwhelming a daily average of 42,778. Australia-based NVGN has a consumer healthcare business, providing research and development services to its 71.3-per-cent-owned subsidiary, Marshall Edwards, Inc.

Micron Technology Inc. (Nasdaq: MU) dealt in 48 million shares Monday, more than 50 percent better than its full-day average of 32.3 million. Share prices improved 1.9 percent to $10.02. Over the past 12 months, Micron Technology generated $2,483 million cash on net income of $1,801 million.

Mecox Lane Limited (Nasdaq: MCOX) sagged 9.6 percent to $5.56 Monday. Volume for the stock was 335,728 shares, rearing behind its daily average of 823,049, as the days wound down toward the deadline for plaintiff action in its upcoming lawsuit.

OCCF eye-popping, F busy, GENE falling

Monday, January 24th, 2011

Optical Cable Corporation (Nasdaq: OCCF) shares gathered 41.9% to $5.25, on 534,791 shares, overwhelming a daily average of 10,781, on word that quarterly earnings increased 47.9 percent to $7.2 million over the prior-year quarter.

Ford Motor Company (NYSE: F) dealt in 26.8 million shares Monday, still trailing its full-day average of 84.3 million. Share prices subsided 0.5 percent to $17.87, on word the carmaker was about to sell $1.137 billion of bonds backed by automotive debt.

Genetic Technologies Inc. (Nasdaq: GENE) jettisoned 10.8 percent to $3.65 Monday. Volume for the stock was 220,041 shares, or triple its daily average.