Archive for the ‘Consumer Discretionary Stocks’ Category

YOKU moves skyward, INTC busy, GRB skids

Thursday, December 9th, 2010

YOUKU.COM (NYSE: YOKU) grew 27.72 percent in price Thursday afternoon to $42.71. Volume of 14,547,545 shares is catching up on its daily average of 16.94 million. The Chinese Internet television company celebrated its IPO Wednesday.

Intel Corporation (NasdaqGS: INTC) traded in 44,197,894 shares, to make it among the volume leaders early Thursday afternoon, catching up on its daily average of 60,330,900. Share prices were flat at $21.82.

Gerber Scientific Inc. (NYSE: GRB) fell in price 21.29 percent Thursday to $6.69, on volume of 63,726 shares, slightly more than its normal full-day average. The Connecticut-based Gerber reported revenue increased 9.0% to $129.3 million from $118.7 million. Gross profit was $38.6 million or 29.9% of sales versus $35.2 million or 29.7% of sales.

All hail HELE, CSCO does big business, BONA makes bow

Thursday, December 9th, 2010

Helen of Troy Ltd. (NasdaqGS: HELE) grew 17.2 percent in price Thursday afternoon to $27.59. Volume was 785,410 shares, more than five times its daily average. The El Paso-based personal care company announced today it has entered into a definitive merger agreement to acquire the business of Kaz, Inc., for $260 million.

Cisco System Inc. (NasdaqGS: CSCO) traded in 59,059,916 shares, to make it among the volume leaders early Thursday afternoon. Share prices improved 2.12 percent to $19.76

Bona Film Group Ltd. (NasdaqGM: BONA) skidded in price 21.29 percent Thursday to $6.69, on volume of 7,715,365 shares on the day of its IPO. The largest privately owned film distributor in China, today announced that its initial public offering of 11,740,000 American depositary shares, each two ADSs representing one ordinary share of the Company, was priced at $8.50 per ADS.

LEDS enjoys hearty IPO, BAC sells widely, OXM slides

Thursday, December 9th, 2010

SemiLEDS Corp. (NasdaqGS: LEDS) climbed 47.88 percent in price Thursday to $25.14. Volume was 3,659,012 shares, upon its IPO Thursday. The Hawaii-based developer and manufacturer of LED chips and LED components, announced today the pricing of its initial public offering of 5,250,000 shares of its common stock, at $17.00 per share.

Bank of America Corp. (NYSE: BAC) traded in 126,328,133 shares, making it a leader in volume, against its full-day average of 204,999,000. Shares progressed 2.58 percent to $12.31. Financial executives at U.S. companies expressed more optimism that their businesses will hire employees and see revenue growth in 2011, according to a recent Bank of America Merrill Lynch survey. Of the 801 executives surveyed in the bank’s annual CFO Outlook, 47 percent said they expect their companies to hire additional employees next year, up from 28 percent who forecast hiring last year.

Oxford Industries Inc. (NYSE: OXM) dipped in price 16.11 percent Thursday to $23.23, on volume of 402,535 shares, very nearly four times its full-day volume average. Atlanta-based Oxford Industries, Inc. Wednesday announced third quarter diluted net earnings per share were $0.33 compared to $0.26 in the third quarter of fiscal 2009.

SGOG shines, INBG busy, MJWL slides

Thursday, December 9th, 2010

Sterling Oil & Gas Co (OTCBB: SGOG) went skyward in early Thursday trading, gaining 290.24 percent to 1.6 cents. Volume in this stock was 20,000 in the early going, compared to its full-day average of 24,749.

International Building Technologies Group Inc. (OTCBB: INBG) saw its shares fly off the shelves Thursday, trading in 52.77 million of them. Its price was flat, however, at three-100ths of a cent. INBG Tuesday announced that, pursuant to the signed Letter of Intent to buy FHH Sino New Energies Co., Ltd..

Majic Wheels Corp. (OTCBB: MJWL) spun its wheels soon after Thursday’s opening, losing 62.96 percent in price to one-10th of a cent. Volume was 45,000 shares, in contrast with 165,031, its daily average. MajicWheels purports to bring innovation to the industry of radio-controlled toy cars through its groundbreaking, patented climbing device technology.

HHWW soars, TAON climbs, BLSP also up

Wednesday, December 8th, 2010

Horiyoshi Worldwide (OTCBB: HHWW) climbed 22.22 percent, adding 49 cents to close Wednesday at $2.70. Volume of 5,446,065 more than doubled average daily volume of 2,230,360. On November 5, 2010, Horiyoshi Worldwide Inc. was acquired by Horiyoshi the Third Limited, in a reverse merger transaction.

TAO Minerals, Ltd. (Pink Sheets: TAON) jumped 10.4 percent to 1 cent Wednesday, on extraordinary volume of 41,513,083, nearly ten times average daily volume of 4,456,700. This morning, TAON announced commencement of the first phase geophysical review of the Mutata Gold and Platinum project.

Blue Sphere Corp (OTCBB: BLSP) jumped 3.85 percent at the end of the day Wednesday to close at $0.81, on volume of 928,495, easily eclipsing average daily volume of 36,234. The London-based BLSP develops projects for greenhouse gas emission reduction and renewable energy production.