Posts Tagged ‘buzz stocks’

« Older Entries
Newer Entries »

UFI, C triumph in Thursday afternoon trading, LIOX loses much of its roar

Thursday, November 4th, 2010

Unifi, Inc. (NYSE: UFI) soared 215 percent Thursday afternoon to $15.13, on volume of 230,986, roughly comparable to its three-month daily average of 248,017 shares. The news comes only a week after the Greensboro-based yarn producer announced that its third quarter net income quadrupled to $10.2 million, from $2.5 million during the year-ago quarter. UFI reported net sales reached $174 million in Q3, up roughly 22-percent over $143 million in the third quarter of 2009.

Citigroup Inc. (NYSE: C) found itself atop the leader board among biggest volumes on Thursday with 408,716,516 shares, swiftly approaching its three-month daily average of 442,066,000. Shares in the banking group climbed 2.39 percent in afternoon trading to $4.29. The favorable activity closely follows word that Citigroup was ruled not liable Thursday in a legal dispute with Terra Firma Capital Partners LP over its 2007 acquisition of British recording company EMI Group PLC. The latter party, a private-equity firm, had alleged it was duped by Citigroup into making a rich bid for EMI and had sought billions of dollars in damages.

Lionbridge Technologies, Inc. (NasdaqGM: LIOX) missed out on the general gaiety of the market Thursday, its price taking a pasting of 23.4 percent in afternoon trading to $3.83, on dismal third-quarter earnings news. Share volume of 3,437,377 was about 10 times LIOX’s three-month daily average. Lionbridge lost $3.8 million, or seven cents per share, for the three months ended Sept. 30. That compares with a loss of $1 million, or two cents per share, a year earlier.

Tags: , , , , , , , ,
Posted in Financial Stocks, Materials Stocks, Penny Stocks, Technology Stocks | No Comments »

Whole Foods Market, Inc. (WFMI) – Buzz Stock of the Day

Thursday, November 4th, 2010

Shares of natural and organic grocer Whole Foods Market, Inc. (Nasdaq: WFMI) touched a new 52-week high of $47.37 on Thursday after the company reported strong fourth quarter numbers, driven by strong sales momentum.

Net income for the fourth quarter ended September 26 more than doubled to $57.5 million, or 33 cents per share, compared to net income of $28.7 million, or 20 cents per share, a year earlier. Fourth quarter revenue increased 15 percent to $2.1 billion. Analysts, on average, were expecting earnings of 28 cents per share on revenue of $2.07 billion, according to a survey by Thomson Reuters.
[–quote–]
Whole Foods’ sales have been increasing for several quarters, and although the company had expected sales to moderate in Q4 due to a seasonal slow-down and tough comparison to the prior year when sales were starting to improve, revenue at stores open at least a year rose 8.7 percent in the quarter, above the 6.5 to 7.5 percent growth Whole Foods expected. The Austin-based company attributed its sales growth to more competitive pricing and efforts during the quarter to appeal to its core customers’ concerns about healthy eating, animal welfare and sustainable seafood.

Whole Foods also strengthened its balance sheet in Q4, ending the quarter with free cash flow of $67 million. The company was forced to retool as the recession took hold, and halted its dividend, cut costs, closed some stores and offered more lower-priced options. Whole Foods also slowed its new store openings during that time but said it plans to open a number of new stores in the coming year, including an announcement Wednesday that it has plans to open several in the United Kingdom.

“From a financial perspective, we are well-positioned to reaccelerate our new store growth,” said Whole Foods’ Co-CEO John Mackey in an earnings call. “Our strong top- and bottom-line performance, along with our renewed capital expense discipline, have resulted in consistent cash flow, lower debt and a very healthy balance sheet.”

Tags: , , , ,
Posted in Consumer Staples Stocks | No Comments »

UPI, SNCR, LINC Among Top Gainers at the Closing Bell

Wednesday, November 3rd, 2010

Shares of Uroplasty, Inc. (Nasdaq: UPI) closed 19 percent higher on Wednesday after the company announced on Tuesday that the Centers for Medicare and Medicaid Services (CMS) has published, in the November, 2010 Federal Register, the anticipated Category I CPT code for Posterior Tibial Nerve Stimulation (PTNS). The publication was noted by the company as an “important milestone” that will allow for a broader base of coverage for the procedure. “As we have previously announced and discussed, we are working diligently with medical directors of insurance companies to educate them on our strong clinical data, and we will now be able to present to them the specifics of the new CPT code and the associated [relative value units],” said Uroplasty’s president and CEO David Kaysen in a statement. Shares of Uroplasty are up more than 25 percent in the past three months.

Shares of Synchronoss Technologies, Inc. (Nasdaq: SNCR) closed 16 percent higher on Wednesday after the company announced third quarter profit of $2.1 million, or 5 cents per share, down 32 percent from $3.1 million, or 10 cents per share a year earlier. Excluding certain items, the wireless services provider said it earned 20 cents per share. Analysts surveyed by Thomson Reuters forecast net income of 17 cents per share. The company’s third quarter revenue was up 34 percent to $44.5 million, from $33.1 million a year earlier. Adjusted revenue of $46.8 million topped analysts’ average estimate of $44.6 million. “With the influx of connected devices, we view Synchronoss’ online activation, provision, backup and transfer technologies as core to simplifying the process and lowering costs,” Wedbush analyst Scott Sutherland wrote. “Given the most material competition remains more costly in-store and call center alternatives, we believe Synchronoss will remain on a healthy growth curve.” Shares of Synchronoss Technologies are up about 35 percent over the past three months.

Shares of Lincoln Educational Services Corp. (Nasdaq: LINC) closed 17 percent higher on Wednesday after the for-profit education company reported third quarter profit of 76 cents a share was ahead of analysts’ estimates for 62 cents a share. Lincoln reported third quarter revenue of $167.2 million, slightly under analysts’ estimates of $167.5 million. The company also raised its full-year EPS guidance to a range between $2.65 and $2.70, up from a range of $2.40 to $2.50. The company posted a big fall in third-quarter student starts and cut its 2010 revenue forecast to $635-$640 million from a prior view of $645-$650 million. For-profit education colleges like Lincoln are overhauling their enrollment practices to comply with new rules, after facing criticism for saddling students with big debts and not fully preparing them for jobs. The new enrollment rules are set to take effect in mid-2011. Shares of Lincoln Educational Services Corp. are down approximately 29 percent over the past three months.

Tags: , , , , , , ,
Posted in Health Care Stocks, Technology Stocks | No Comments »

FSIN, SODA, OPEN – Buzz Stocks With Big Gains on Wednesday

Wednesday, November 3rd, 2010

Fushi Copperweld, Inc. (Nasdaq: FSIN) was up 23 percent to $11.26 per share from Tuesday’s closing price, in morning trading on Wednesday after the company announced that it received a proposal letter from its Chairman and CEO and Abax Global Capital on behalf of funds managed by it and its affiliates Fu and Abax to acquire all of the outstanding shares of Common Stock of Fushi not currently owned by Fu and his affiliates in a going private transaction for $11.50 per share in cash. Fu and his affiliates own ~29.2% of Fushi’s Common Stock. Fushi Copperweld, Inc., through its subsidiaries, develops, designs, manufactures, markets, and distributes bimetallic wire products, principally copper-clad aluminum (CCA) and copper-clad steel (CCS). Shares of Fushi Copperweld, Inc. are up about 23 percent over the past three months.

Shares of SodaStream International Ltd. (Nasdaq: SODA) were up 19 percent from its IPO price of $20 per share, in morning trading on Wednesday, touching a high of $25.50 per share. The company also said its underwriters have a 30-day option to buy up to an additional 817,105 shares to cover excess demand. That’s up from a previously reported 710,526 shares. The company plans to use the proceeds from the offering to pay back about $33.2 million owed to financial institutions; repay about $1.9 million owed to shareholders; pay approximately $34 million in costs related to building or buying another manufacturing plant; and pay a one-time $2.4 million termination fee to Fortissimo Capital Fund GP for ending a management services contract. The remaining funds will be used for working capital and other general corporate purposes. SodaStream’s home beverage carbonation systems can help consumers convert tap water into carbonated soft drinks and sparkling water. The company was founded in 1991, and had sales of $144 million over the last 12 months.

Online restaurant-reservation service OpenTable, Inc. (Nasdaq: OPEN) reported third quarter earnings of 23 cents a share, on sales of $24.5 million. Analysts polled by FactSet, on average, expected earnings of 15 cents per share on sales of $23.2 million. Shares of OpenTable were up as much as 17 percent from Tuesday’s closing price, in morning trading on Wednesday, touching a 52-week high of $72.20 per share. Higher mobile application and Internet drove reservation growth 54 percent over year-ago levels and at a faster pace than the 52 percent growth in the second quarter. In light of the strong results, ThinkEquity analyst Aaron Kessler raised his full year targets for OpenTable to total 2010 earnings-per-share to be 77 cents, up from 66 cents. Kessler also raised his sales prediction to $98.6 million from $96.9 million. Shares of OpenTable are up about 50 percent over the past three months.

Tags: , , , , , ,
Posted in Technology Stocks | No Comments »

Magic Software Enterprises Ltd. (MGIC) – Buzz Stock of the Day

Wednesday, November 3rd, 2010

Shares of Magic Software Enterprises Ltd. (Nasdaq: MGIC) were up as much as 28 percent from Tuesday’s closing price in mid-day trading on Wednesday after the company announced that it tripled its third quarter operating profit.

Shares of MGIC touched a new 52-week high of $3.72 on Tuesday, up from $2.90 at Monday’s close.

For the third quarter the Israel-based software maker reported net income of $2.5 million, or 8 cents per share on revenue of $22.4 million. This compares to profit of $900,000 or 3 cents per share on revenue of $13.5 million a year earlier. Operating income was $2.5 million, or 8 cents per fully diluted share, for the third quarter of 2010, compared to operating income of $800,000 or 3 cents per share, a year earlier.
[–quote–]
“I am very pleased to report robust growth and continued improvement in all our operations for the third quarter,” said Magic Software’s acting CEO,  Guy Bernstein in a statement. “This has been driven by greater demand for our professional services and improved license sales of our uniPaaS RIA application platform among enterprises and independent software vendors worldwide.”

Magic Software Enterprises sells applications designed for electronic business, customer relationship management, and other enterprise uses. The company also also provides maintenance, technical support and professional services. The company’s customers include Merrill Lynch Bank, ING Commercial Finance, and UPS Supply Chain Solutions.

Shares of Magic Software Enterprises are up 42 percent in the past month.

Tags: , , , ,
Posted in Penny Stocks, Technology Stocks | No Comments »

« Older Entries
Newer Entries »