Posts Tagged ‘NYSE’

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China Security and Surveillance Technology, Inc. (CSR)- Buzz Stock of the Day

Monday, July 26th, 2010

Shares of China Security and Surveillance Technology, Inc. (NYSE: CSR) were up almost 13 percent from Friday’s closing price in morning trading on Monday after the company posted strong second quarter earnings thanks in part to large scale government projects, increased demand, and improved margins.

The Shenzhen-based China Security and Surveillance Technology, Inc. reported second quarter net income of $17.81 million, or 23 cents per diluted share, marking a 174 percent increase in net income and a 76.9 percent increase in diluted earnings per share. Revenues for the quarter increased 18.6 percent to $168.35 million, over the prior year.

Analysts on average were expecting earnings of 23 cents a share on revenue of $177.8 million, according to Thomson Reuters I/B/E/S.
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“Our results demonstrate the great strength of CSST’s assets and our ability to execute with focus and discipline,” said Guoshen Tu, Chairman and CEO of China Security and Surveillance Technology, Inc. in a statement. “Revenues and earnings growth continue to be solid, our margin improvement is encouraging, major growth and cost initiatives are on track, and we continue to execute on large-scale government projects from safe cities and e-cities in China.”

For fiscal 2010, the company reaffirmed its earnings forecast of $1.12 a share to $1.16 a share on revenue of $830 million to $850 million.

Analysts on average are expecting earnings of $1.10 a share, on revenue of $817 million.

“Underneath the terrific industry demand for surveillance and safety products and services in China, we’re optimistic about CSST’s prospect to continue to lead the industry in China,” said Tu. “We believe our market leadership extends across the industry’s broadest portfolio of products and services in China. Our scale and reach in China will provide meaningful and sustainable competitive advantages for us to capitalize on in the years ahead. Together with our sharp focus on high-growth initiatives, we have a tremendous set of assets and an impressive record in terms of executing and delivering on targets. I am very confident in our ability to deliver strong results in 2010.”

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Posted in Technology Stocks | No Comments »

United Rentals, Inc. (URI) – Buzz Stock of the Day

Wednesday, July 21st, 2010

Shares of equipment rental company, United Rentals, Inc. (NYSE: URI) were up as much as 16 percent from Tuesday’s closing price, in morning trading Wednesday after the company reported a surprising second quarter profit, and raised its outlook for capital spending based on increased demand.

Net income in the three months to June 30 was $12 million, or 18 cents per share, reversing a loss of $17 million, or 28 cents, a year earlier. Revenue fell 9 percent to $557 million from $615 million a year ago.

Analysts polled by Thomson Reuters expected a loss of 30 cents per share on revenue of $525 million.

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United Rentals also raised its outlook for net rental capital spending to $160 million to $180 million for the year, up from $100 million to $120 million seen previously, “to meet increased demand.” The figure measures the difference between spending on new rental equipment and sales of used rental equipment. The company also reaffirmed its outlook for free cash flow of between $200 million and $225 million for the year.

Rental use of the company’s fleet rose 4.1 percentage points 65.4%, a record for any second quarter, the company said. However, rental rates dipped 2 percent from the prior year.

“This was a strong quarter with a number of positive trends in the underlying metrics,” said United Rentals’ CEO Michael Kneeland in a statement. “Our same-store rental revenues increased 2.7%, with year over year growth in six of our nine operating regions. We reported the highest time utilization of any second quarter in our company’s history. Rental rates, while down year over year, improved sequentially each month. We are also running the business much more efficiently and spending capex where it counts, purchasing fleet that we are confident will be in demand by our target accounts.”

Kneeland also noted that United Rentals is expecting a “choppy” recovery, but believes the company is “seeing the early stages of a cyclical upturn on top of the normal seasonal benefit.”

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Posted in Industrial Stocks | No Comments »

Harley-Davidson, Inc. (HOG) – Buzz Stock of the Day

Tuesday, July 20th, 2010

Shares of motorcycle maker, Harley-Davidson, Inc. (NYSE: HOG) were up as much as 14 percent from Monday’s closing price, in morning trading on Tuesday after the company announced a profit at its motorcycle financing unit and stabilizing motorcycle sales in the second quarter.

Harley-Davidson Financial Services, the business unit that gives loans to Harley customers and dealers posted operating income of $60.8 million in the quarter, up from a loss of $90.5 million in the same quarter last year. Harley’s net income for the three months ended June 27 was $71.2 million, or 30 cents per share, up from $19.8 million, or 8 cents per share in the same quarter a year ago. Excluding discontinued operations, profit was 59 cents per share. Analysts polled by Thomson Reuters expected profit of 41 cents per share, on average.
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Harley-Davidson’s second quarter revenue from motorcycles and related products was flat at $1.14 billion. Analysts expected revenue of $1.13 billion.

“Over the past year-and-a-half, we’ve taken many actions, from an operations standpoint, in marketing and product development at HDFS and in every aspect of our business to deal with the economy and focus our resources on long-term goals and priorities,” said CEO Keith Wandell in the company’s earnings call. “Harley-Davidson’s first half earnings from continuing operations were $0.89 a share. We saw continued improvement at HDFS and there was a further moderation in the retail sales decline for new Harley-Davidson motorcycle sales in the second quarter.”

The Milwaukee-based Harley-Davidson a major overhaul at the start of 2009 to cope with a shrinking market and an economic downturn that has undercut demand for its pricey, chrome-laden bikes. Sales of Harley motorcycles, whose prices range from $7,000 to $25,000 can take a big hit when the economy goes south. The company has been focused on cutting costs and streamlining its business. Last year, it announced the shutdown its Buell sport-bike line and said it planned to sell the Italian motorcycle maker MV Agusta. In December, the company and its union agreed to a cost-cutting contract at its main motorcycle plant in York, Pa., that involved layoffs for about half the company’s unionized work force there.

The next step in its restructuring plan comes this week, when Harley-Davidson executives begin negotiations with the company’s union in Wisconsin for a new contract. Wandell said the company is “not flexible” on its demands and reiterated that the company will move Wisconsin production elsewhere if it doesn’t get the cost-savings it wants, which include lower expenses at its powertrain factory in Milwaukee and its motorcycle components facility in Tomahawk, Wis.

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Posted in Consumer Discretionary Stocks | No Comments »

Buzz Stocks Week in Review – IDT, CWLZ, PEIX, ARNA

Friday, July 2nd, 2010

Average Weekly Gain: 37.3%


Monday: Our Buzz Stock of the Day on June 28, IDT Corp. (NYSE: IDT) had a great week. IDT, which blends a strange pairing of telecom and energy had positive momentumthroughout the week. Shares began their climb on Monday, after a CNBC interview in which CEO Howard Jonas outlined the company’s shale properties and oil extraction technology. IDT’s energy business, Genie Energy, holds IDT’s interests in the American Shale Oil, LLC (AMSO), a joint oil shale research and development venture in Colorado with Total, S.A.; and in Israel Energy Initiatives (IEI), which holds an exclusive shale oil exploration and production license in the Shfela region of Israel. According to Jonas, it costs IDT Corp. $25 per-barrel to extract oil from shale rock. This figure is about $10 less than ultra-deep water fuel extraction — the kind of extraction that was being used by British Petroleum (NYSE: BP) in the Gulf of Mexico.

Up as much as 57 percent since our post.

Tuesday: On Tuesday, we featured Cowlitz Bancorp. (Pink Sheets: CWLZ) as our Buzz Stock of the Day. Cowlitz shares were up about 25 percent from Monday’s close, in morning trading on Tuesday after the company announced that it presented an updated plan to regain compliance with two Nasdaq Listing Rules with which it is not in compliance and requested a 90-day exception to the continued listing standards. Unfortunately, Cowlitz was de-listed from the Nasdaq on Thursday, July 1. Cowlitz received a  delisting determination letter from Nasdaq due to the Company not being in compliance with the minimum 500,000 publicly held shares requirement set forth in Listing Rule 5550(a)(4), on May 12.

Wednesday: Shares of Pacific Ethanol, Inc. (Nasdaq: PEIX) surged almost 60 percent on Wednesday, after the company announced that four of its subsidiaries had emerged out of bankruptcy. The plant subsidiaries, which are now owned by a newly formed holding company, will continue to be staffed, managed and operated by Pacific Ethanol under a fee and profit-sharing arrangement negotiated with the owners of the newly formed holding company. Pacific Ethanol, Inc. eliminated approximately $290 million in debt and other liabilities from its balance sheet. The bankruptcy did not affect the Company’s ownership structure and the Company continues to be owned by its existing common and preferred stockholders.
Up as much as 31 percent since our post.

Thursday: Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) was up 20 percent from Wednesday’s close, in morning trading on Thursday after the company announced that Japanese drug maker, Eisai, Inc. will market Arena’s obesity treatment lorcaserin in the U.S. The U.S. Food and Drug Administration is already reviewing lorcaserin, and a decision is expected on Oct. 22. The main concern with lorcaserin is that patients treated with the drug in two pivotal phase III studies didn’t lose much weight — a little more than 3% on a placebo adjusted basis. The biggest plus in lorcaserin’s corner is the drug’s safety and tolerability, which appear better than competing drugs.
Up as much as 24 percent since our post.

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Posted in Energy Stocks, Health Care Stocks, Industrial Stocks, Penny Stocks, Technology Stocks | No Comments »

IDT Corp. (IDT) – Buzz Stock of the Day

Monday, June 28th, 2010

Telecom and oil are an unlikely pair. But for IDT Corp. (NYSE: IDT). which specializes in telecom services and oil exploration, the combination has worked well. Shares of IDT Corp. were up 13 percent from Friday’s close, likely because of a new CNBC interview with the company’s founder, chairman and CEO, Howard Jonas that outlined the company’s oil shale venture in Colorado (below).

IDT’s shale operation focuses on heating shale rock and extracting oil. “So we can bring this up without any environmental consequence,” said Jonas. “The problem in Colorado up to now was that there were aquifers that run through the rock. So what we did was find a way to go down into the clay level.”

IDT’s energy business, Genie Energy, holds IDT’s interests in the American Shale Oil, LLC (AMSO), a joint oil shale research and development venture in Colorado with Total, S.A.; and in Israel Energy Initiatives (IEI), which holds an exclusive shale oil exploration and production license in the Shfela region of Israel.
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According to Jonas, it costs the company about $25 per barrel to extract the oil from shale rock, which is about $10 cheaper than ultra-deep water fuel extraction — the kind of extraction that was being used by British Petroleum (NYSE: BP) in the Gulf of Mexico.

Shares of IDT Corp. are up about 57 percent over the past three months.

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Posted in Energy Stocks, Technology Stocks | No Comments »

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