Top Buzz Stock Gainers (SIMG, NBR, AMLN, CML)

Posted on Wednesday, October 27th, 2010

Silicon Image, Inc. (NasdaqGS: SIMG) Stocks of SIMG are currently trading at $6.29 on massive volume, up more than 38 percent from Tuesday’s closing price of $4.55 SIMG is racing to two-year highs on reported third-quarter sales of $60.5 million, 20% stronger than analyst expectations and  more than three times expected earnings.

Nabors Industries, Inc. (NYSE: NBR) Shares of Bermuda-based Nabors were up 5.02 percent at $20.42, after the company reported a 29-cent per share quarterly profit, which beat Street estimates by 6 cents. Nabors’ revenue of $1.08 billion also came in ahead of the forecast of $963 million. The stock is still down 7 percent so far in 2010.

Amylin Pharmaceuticals, Inc.(Nasdaq: AMLN) soared 11.3 percent to a high of $13.36, on more than four times average volume. Shares skyrocketed after the maker of the diabetes treatment Byetta was raised to “outperform” from “market perform” at Leerink Swann & Co.

Compellent Technologies Inc. (NYSE: CML) Volume skyrocketed to 6.5 million today as shares touched on a 52-week high of $26.44, representing a 32 percent increase over previous day close of $19.70. Compellent Technologies, which sells data storage to large businesses, surged after beating Wall Street expectations in the third quarter, and amid rumors of an acquisition by computer maker Dell Inc. 

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


Mid Day Market Movers (LIFE, UHN, ABT)

Posted on Wednesday, October 27th, 2010

Life Technologies Corporation (Nasdaq: LIFE) jumped more than 6 percent  to $50.66 from yesterday’s closing price of 47.79, with more than double average volume. The maker of biotech tools reported quarterly net income of $105.5 million, or 56 cents a share, on revenue of $867.1 million, besting analysts’ predictions of 78 cents a share on revenue of $855.2 million. The company also forecast full-year adjusted earnings of $3.48 to $3.52 a share, compared with a Street consensus of $3.42 a share on Tuesday.

UnitedHealth Group Incorporated (NYSE: UNH) dropped more than 5 percent Wednesday touching on a low of $35.70 from the previous days’ close of $37.57 on above-average volume. The stock is still trading very near a 52-week high of $37.95. The company recently reported third quarter increase in net income of 23%, to $1.28 billion, or $1.14 per share, from $1.04 billion, or 89 cents per share, from the same period last year.

Abbott Laboratories (NYSE: ABT) dipped nearly 3 percent trading on below-average volume, touching on a low of 51.03 from Tuesday’s close of $52.69. The Company recently reported strong third quarter results, notably; earnings-per-share growth of 14.1 percent, worldwide sales increase of 11.8 percent, and promising expansion in emerging markets.

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Wednesday’s Biggest Losers (JNY, CENX, OC)

Posted on Wednesday, October 27th, 2010

Jones New York (JNY)

Jones New York decreased 23.41%, falling to $14.95 after the company reported lower-than-expected third quarter results. The Company reported adjusted earnings per share were $0.54, falling $0.07 cents below analysts’ estimates of $0.61, for the third quarter of 2010, compared to adjusted earnings per share of $0.46 in the same period last year.

Revenue increased 19.4% year over year to $1.2 billion, compared to $856 million for the third quarter of 2009, which was on par with analysts’ estimates.

Century Aluminum Company (NASDAQ: CENX)

Century Aluminum Company (NASDAQ: CENX) slipped 5.50% to $12.88 in the pre-market trading after the company reported third quarter losses of $16.8 million, or 18 cents a share, from a profit of $40.1 million, or 45 cents a share a year ago.

Sales grew to $279.2 million from $228.7 million, a year ago. Analysts had estimated profit of 8 cents a share on revenue of $269.47 million.

Management indicated that higher raw material costs, primarily for carbon anodes, much of which is transitional, led to a quarter over quarter decrease in net earnings of about $4 MM, or approximately $0.04 in EPS.

Owens Corning (NYSE: OC)

Owens Corning (NYSE: OC) is currently trading at 27.10, down nearly 4% from Tuesday’s closing price 28.20. Shares of Owens Corning are on the slide this morning after the company said it earned $58 million, or 46 cents per share, during the third quarter. Excluding one-time items, OC earned 35 cents per share on revenue of $1.19 billion. Analysts had forecast a profit of 37 cents per share on revenue of $1.26 billion.

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Posted in Consumer Discretionary Stocks by Sheryl | No Comments »


MeadWestvaco Corp (MWV) Buzz Stock of the Day

Posted on Wednesday, October 27th, 2010

Shares of packaging maker MeadWestvaco Corp (MWV) jumped more than 6 percent in morning trading after the company announced that quarterly profit numbers had exceeded expectations.

MeadWestvaco reports third quarter earnings of $111 million, or 64 cents per share for the period ended Sept. 30, excluding non-recurring items, besting analysts consensus of expected earnings per share of $0.55. Net income from continuing operations fell 9 percent from third quarter earnings in 2009 of $122 million, or 71 cents per share.

[–quote–]

Higher overall sales helped drive revenue increases of 3.2 percent, to $1.56 billion. Although volume fell or only increased slightly in the Company’s consumer products unit, and consumer solutions business, respectively, volume jumped 11 percent in the specialty chemicals unit, increasing segment profit by 83 percent. The Company said its sales in emerging markets have grown by about 12 percent in the quarter, driven by strength in Brazil and China.

“Another quarter of improved performance extends the progress we have made by implementing a value-based strategy agenda,” Chief Executive John Luke said in a statement.

The Richmond, Virginia-based company provides packaging solutions to the healthcare, personal care and beauty, food, beverage, home and garden, tobacco, and commercial print industries with worldwide operations in 30 countries and has customers in more than 100 nations.

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Notable Nasdaq Gainers – BSDM, LOJN, SIMG, RFMD

Posted on Wednesday, October 27th, 2010

Shares of BSD Medical Corporation (Nasdaq: BSDM) were up as much as 25 percent from Tuesday’s closing price of $3.94 per share, on Wednesday. Shares traded as high as $4.95 per share with nearly double the company’s average three-month volume. BSD Medical won the Frost & Sullivan “Technology Innovation of the Year Award” in 2005 for its BSD-2000 system. But its biggest money generator is the MicroThermX. BSDM’s patented “phased-array” technology generates heat allows doctors to kill massive clusters of cancer cells. Shares BSDM are up roughly 280 percent since the FDA granted the company clearance to market its MicroThermX Microwave Ablation System (MTX-180) for ablation of soft tissue in August of this year.

Shares of JoJack Corp. (Nasdaq: LOJN) were up more than 34 percent from Tuesday’s closing price, in morning trading on Wednesday on nearly 7x the company’s average three month volume. The car recovery technology developer recently reported a 47 percent increase in third quarter international sales. The company also reported net income of $2.7 million, or 15 cents per share, up from a loss of $13.4 million, or 78 cents per share a year earlier. Consolidated third quarter revenue climbed 7 percent to $38.5 million, from a year ago. Shares of LOJN are up about 47 percent over the past three months.

Shares of chip maker, Silicon Image, Inc. (Nasdaq: SIMG) were up as much as 44 percent from Tuesday’s closing price, in morning trading on Wednesday. Shares traded as high as $6.57, up from Tuesday’s closing price of $4.55. Silicon Image earned $9.5 million, or 12 cents per share, compared to a net loss of $15.5 million, or 21 cents per share a year ago. Excluding items, the company earned 18 cents per share. Third quarter revenue increased 63 percent to $60.5 million, which included a $7.5 million royalty revenue catch-up. Analysts on average, expected the company to post earnings of a nickel per share (excluding items), on revenue of $49 million. The company sees fourth quarter revenue in the range of $46 million to $48 million, above analysts’ estimates of $45.4 million.

RF Micro Devices, Inc. (Nasdaq: RFMD) was up 13 percent from Tuesday’s closing price, in morning trading on Wednesday after the company posted revenue of $285.8 million, and EPS of 19 cents for its fiscal second quarter ended October 2. Analysts on average expected EPS of 16 cents, on revenue of $275.9 million. “On the strength of new product launches and diversification efforts, we continue to reduce our exposure at our largest customer while sales to all other customers grew year-over-year by approximately 53%,” said RFMD’s CEO Bob Bruggeworth in a conference call. “s a result, RFMD delivered our sixth consecutive quarter of expanding operating income with the September quarter representing another company record.” Shares of RFMD are up as much as 61 percent over the past three months.

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