Archive for January, 2011

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ROK rocks on, F deals, QTM queasy

Wednesday, January 26th, 2011

Rockwell Automation Inc. (NYSE: ROK) shares rose 8.9 percent to $81.31 Wednesday. Share volume was 5.7 million, more than five times its daily average, after the maker of factory equipment hiked its forecast for the remainder of the year.

Ford Motor Company (NYSE: F) traded in 61.5 million shares Wednesday, making it a volume leader, though well below its daily average of 83.9 million. Share prices crept up 2.6 percent to $18.36, after revealing its F-150 “Hero” engine at the North American International Auto Show.

Quantum Corporation (NYSE: QTM) shares took off 6.7 percent to $3.53 Wednesday, on volume of 6.9 million shares, more than 50 percent more than its daily average. After the bell, QTM reported quarterly revenues of $176 million — up $9 million from prior quarter, and net income of $6 million, or three cents per share, compared to $5 million, or two cents per share.

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Posted in Consumer Discretionary Stocks, Industrial Stocks, Technology Stocks | No Comments »

HLXW gets second wind, ELCR rolls off lot, IHCH not so healthy

Wednesday, January 26th, 2011

Helix Wind Corp. (OTCBB: HLXW) climbed in price 14.3 percent Wednesday afternoon to eight-100ths of a cent. Volume for the stock 249.8 million shares, compared to an all-day average of 39.8 million. The Poway, Calif.-based renewable energy company announced today that it was recently awarded a Notice of Allowance relating to a United States patent application that was filed in 2007, covering segmented, helical rotors used in wind-driven turbines.

Electric Car Company Inc. (OTCBB: ELCR) dealt in 139.6 million shares Wednesday, in contrast with a daily average of 82.8 million. Share prices were flat, though, at one-100th of a cent. ELCR announced this week that it has executed an Exclusive Distributor Agreement to sell the Company’s limousines, custom vehicles, electric conversion vehicles and limo buses in China.

Integrated Healthcare Holdings Inc. (OTCBB: IHCH) sank in price Wednesday 60 percent to two cents. Volume for the stock was 26,000 shares, shy of its average of 39,871 shares. IHCH’s goal is to provide quality healthcare services in a community setting that are responsive to the needs of the communities that it serves.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Health Care Stocks | No Comments »

DV spreads wings, GE turns light on, SE mulls bids

Wednesday, January 26th, 2011

DeVry Inc. (NYSE: DV) shares hurtled skyward 13.3 percent to $53.66 Wednesday, on volume of nearly three million shares, or about triple its daily average, on quarterly profits jumped 22 percent over the same quarter last year and its revenue rose 17 percent.

General Electric Company (NYSE: GE) traded in 52.1 million shares Wednesday, just shy of its daily average of 58.8 million. Share prices crept up 0.2 percent to $20.02, as President Obama’s State of the Union address made reference to bolstering infrastructure, boosting companies like GE.

Sara Lee Corporation (NYSE: SLE) shares lost 6.3 percent to $18.40 Wednesday, on volume of 27.2 million shares, nearly four times its daily average. The Downers Grove, Illinois-based packaged food company appears to be weighing bids from two suitors, bids that could be made public as early as Friday.

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ICGN up, MU down, XRS schooled

Wednesday, January 26th, 2011

Icagen Inc. (Nasdaq: ICGN) shares jumped 16.8 percent to $3.06 Wednesday, on volume of 1.1 million shares, better than double its daily average. Last week, the company was upgraded MLV Capital from “hold” to “upgrade”.

Micron Technology Inc. (Nasdaq: MU) bought and sold 26.7 million shares, just shy of its daily average of 33.9 million. Share prices inched up 0.4 percent to $10.01, on word of a downgrade from “neutral” to “negative” Tuesday by Avian.

TAL Education Group (NYSE: XRS) shares lost 6.7 percent to $12.17 Wednesday, on volume of 1.0 million shares, more than five times its daily average. The after-school tutoring services company reported a 47.7-percent increase in revenue, to $24.1 million in the quarter, as total student enrollment grew 25 percent .

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PJC profit up, XRX copies, ELY dives

Wednesday, January 26th, 2011

Piper Jaffray Companies (NYSE: PJC) shares spiked 13.4 percent to $40.93, on volume of 442,658 shares, nearly five times its daily average. PJC Wednesday reported quarterly net income of $9.4 million, or 49 cents per share, down from $12.2 million, or 63 cents per share a year prior.

Xerox Corporation (NYSE: XRX) had a busy Wednesday, trading in 49.7 million shares, or five times its daily average. Share prices dropped 8.1 percent, however, to $10.41, on quarterly profits of $171 million, or 12 cents a share, down from $180 million, or 20 cents, in the year-earlier fourth quarter.

Callaway Golf Company (NYSE: ELY) shares retreated 5.9 percent to $7.22 Wednesday, on volume of 1.7 million shares, nearly triple its daily average. Tuesday, ELY posted a quarterly loss of $32.3 million, or 54 cents a share, compared with a loss of $18.2 million, or 29 cents a share a year ago.

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Posted in Consumer Discretionary Stocks, Financial Stocks | 1 Comment »

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