Stocks picks by swingtradingcom
(MU) - buy
Micron Technology Inc. announced Friday that the U.S. District Court of Delaware has found that patents Rambus Inc. had asserted against Micron are unenforceable.
(RMBS) - short
US judge rules against Rambus in Micron case.
(SHLM) - short
Schulman Inc, said its fiscal first-quarter net income fell 18 percent due to a sharp fall-off in demand in Europe, Mexico and North America and restructuring costs.
(CVS) - short
Catania questions CVS pharmacy practices. The nonprofit has accused the company, which it claims manages 30 percent of the country’s prescriptions, of incentivizing pharmacists to switch patients from doctor-prescribed medicines to more profitable alternatives, selling consumer data to drug manufacturers and other third parties to boost retail sales and putting profits over patients, among other issues.
(FQR) - short
Equity Residential said it will reduce the number of planned development projects and as a result, will incur a non-cash charge of about $115 million, or 39 cents a share, in the fourth quarter. The real estate development company also said it may make additional adjustments to its staff following earlier reductions.
(VAR) - buy
Varian Medical Systems announced that it estimates the company will report net orders growth in the first quarter of fiscal year 2009 in the range of 12 to 13 percent above the year-ago period with gains in all of its major businesses.
(ZGEN) - buy
Zymogenetics and Bristol-Myers enter global collaboration on novel Hepatitis C Compound.
(AA) - short
Alcoa Inc. swung to an expected fourth-quarter loss Monday as it took hefty charges to deal with weak global demand for aluminum from the automotive and construction industries.
(CSX) - short
CSX reports Q4 profit below market consensus.
(KLAC) - short
KLA-Tencor Corp cut its fiscal second-quarter forecast, warning of sharply worsening business conditions.
(BG) - short
Bunge Ltd the world's largest oil seed processor, warned that its 2008 profit will miss its previous forecast after the global economic crisis dampened demand more than expected.
(CLF) - short
Cliffs Natural Resources said its earnings will be lower by approx $50 mln.
(LLTC) - short
Linear Tech issues downside guidance for Q3, sees revs down 15-20%, which equates to $199 -211 mln vs. $237 mln consensus.
(STSA) - short
Sterling Financial anticipates that it will report a net loss for Q4 and FY08, well below First Call consensus; Co also suspends dividend.
(FNB) - short
F.N.B. Corp said it expects to post a fourth-quarter loss, weighed down by higher provision for bad loans and non-cash impairment charges.
(PPDI) - buy
Drug development contractor PPD Inc. set its 2009 profit outlook above Wall Street expectations.
(CLC) - buy
Clarcor reports record fourth quarter and fiscal 2008 results. Net Earnings and Earnings Per Share Increase for the 16th Consecutive Year.
(TRMB) - short
Trimble slashes 4th-quarter outlook, well below Wall Street estimates. Co issues downside guidance for Q4 (Dec), sees EPS of $0.22-0.24 vs. $0.33 First Call consensus; sees Q4 (Dec) revs of $268-269 mln vs.
$313.16 mln consensus.
(CVH) - short
Coventry Health Care: In JP Morgan Healthcare conference slides, Co sees 2009 GAAP EPS of $1.70-1.90 vs. $2.59 First Call Consensus.
(BBT) - short
Moody's affirmed the ratings of BB&T Corporation, to negative from stable.
(VIVO) - short
Meridian sees Q1 below estimates. Co lowers FY09 revs to $151-156 mln vs $159.4 mln consensus, down from $157-160 and reaffirms EPS of $0.86-0.90 vs $0.89 consensus. Co issues downside Q1 guidance; co sees Q1 EPS of $0.20 vs $0.22 consensus, revs of $34.3 mln vs $38.1 mln consensus.
(STBA) - short
S & T Bancorp delays scheduled earnings. Co announced that it will delay the previously scheduled 2008 Earnings Release of January 19, 2009 and Earnings Conference call of January 20, 2009. Co notes that on January 14, STBA employees discovered a misappropriation of construction funds by one customer involving at least three loans totaling $6.8 million.
(DNA) - short
Genentech forecast disappoints. Co issues downside guidance for FY09, sees EPS of $3.55-3.90, ex-items vs. $3.92 consensus.
(KALU) - short
Kaiser Aluminum expects 4th-qtr loss on charges.
(AGU) - short
Agrium announced that it expects to record a write-down in Retail in Q4 of 2008 of ~$96-mln ($0.41 diluted EPS).
(EYE) - buy
Advanced Medical Optics, Inc. the global leader in advanced refractive technologies for eye care professionals and patients, announced (FDA) approval of the TECNIS® Multifocal intraocular lens (IOL) for cataract patients.
(RRGB) - buy
Analysts selects Red Robin Gourmet Burgers as a top pick on appealing stocks.
(COP) - short
ConocoPhillips, the third-largest U.S. oil company, said it's cutting 4 percent of its overall work force, slashing capital spending by 18 percent and writing off $34 billion in noncash assets because of plummeting energy prices.
(SIVB) - short
SVB Financial Group, expects its Q4 loan loss provision to be ~$75 mln, compared to $13.7 mln in Q3.
(RBS) - short
Crisis-stricken Royal Bank of Scotland announced that its losses for last year could reach 28 billion pounds ($41.3 billion) -- the biggest ever for a British corporation.
(CREE) - buy
Cree fiscal 2nd-qtr profit rises 62 percent, helped by $4.4M in patent licensing fees.
(BK) - short
Bank of NY Mellon 4Q profit plunges 95 percent.
(HBHC) - short
Hancock Holding reports Q4 results of $0.26 per share vs, First Call consensus of $0.57. Co says, "The Co's Q4 results were heavily impacted by the continuing financial crisis and on-going national economic recession. In addition, weaknesses in residential development and rising unemployment levels in the co's market areas also impacted Q4 earnings.
(ADI) - short
Analog Devices slashes 1st-quarter outlook on weak demand. Co issues downside guidance for Q1, sees EPS of $0.15-0.17 down from $0.22-0.23 vs. $0.22 First Call consensus.
(AMSC) - short
American Superconductor sees wider-than-expected 3rd-qtr loss on unforeseen costs. Co lowers Q3 EPS to ($0.18)-(0.21), may not be comparable to the ($0.11) First Call consensus.
(RJF) - buy
Raymond James Financial Inc, a large U.S. brokerage, reported a 9 percent increase in quarterly profit, beating Wall Street expectations as lower expenses helped offset lower revenue.
(FFIV) - buy
F5 Networks Q1 profit up; Q2 outlook solid.
(DOX) - short
Amdocs issues weak Q2 outlook. Co issues downside guidance for Q2, sees EPS of $0.47-0.51, vs. $0.57 consensus; sees Q2 revs of ~$700-720 mln vs. $793 mln consensus.
(PVH) - short
Phillips-Van Heusen cuts Q4 outlook. Co will also be closing 175 stores.
(ECLP) - short
Eclipsys Q4 view disappoints. Co announces that revs for Q4 are expected to be in the range of $124-$127 mln (vs $136.6 mln consensus). Co sees Q4 EPS of $0.07-$0.11 vs $0.35 consensus.
(SYNA) - buy
Synaptics fiscal second-quarter profit jumps 49 percent as revenue surges 43 percent. Company posted profit of $21.2 million, or 60 cents per share, compared with $14.2 million, or 33 cents per share.
(CBST) - buy
Cubist Pharmaceuticals, Inc. reported results for the fourth quarter and year ended December 31, 2008. Total net revenues for the fourth quarter of 2008 increased 53% to $131.2 million from $85.6 million in the fourth quarter of 2007.
(TSCO) - buy
Tractor Supply 2008, 2009 EPS view above Street.
(WFR) - short
MEMC Electronic quarterly profit shrinks to 33 cents a share. Co reported its fourth-quarter net income fell to $73.2 million, or 33 cents a share, from $376.4 million, or $1.62 a share, in the same quarter last year.
(COF) - short
Capital One swings to $1.45 billion loss in 4th quarter as bad debt surges.
(PTV) - short
As the Packaging Companies move lower last week, Pactiv Corp. appears to following the lower end of trend.
(ETN) - short
Eaton Corporation, earnings preview, estimates have been Slashed. Similar to most industrial conglomerates, Eaton finds itself in a lot of businesses with very poor fundamentals right now, including the legacy truck and automotive businesses.
(CAT) - short
Caterpillar Inc, earnings preview. CAT continues to suffer from a number of issues. Negative macro figures, including higher unemployment and declining GDP continue hitting the stock as well as industry and co specific issues.
(AXP) - short
Ahead of earnings schedule, American Express is likely to make a move lower as it could fall hostage to the failing economy and falling financial stocks.
(AFL) - short
S&P Takes Aflac Rating Down. Standard & Poor's lowered Aflac's financial strength rating from AA to AA- and the co's debt rating from A to A- due to their concerns about the continued deterioration in global financial markets and Aflac's investment exposure to global financial institutions. Additionally, S&P has placed Aflac on credit watch with negative implications.
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(IHS) - buy
IHS Inc, said its fiscal fourth-quarter profit rose 33 percent as sales grew across all business segments.
(APOL) - buy
Apollo Group Inc, said that its quarterly profit rose 29 percent as enrollment hit a record. The company said it earned $180.4 million, or $1.12 per share, in its fiscal first quarter, which ended Nov. 30, compared with $139.9 million, or 83 cents per share, a year earlier.
(COH) - short
Coach Inc. said that it will fall well short of its forecast fiscal second-quarter guidance because of poor holiday sales.
(ARG) - short
Airgas Inc, a distributor of medical and specialty gases, lowered its fiscal third-quarter profit outlook citing a big slowdown in sales.
(CVX) - short
Chevron Corp, expects its fourth-quarter earnings to be significantly lower than the previous quarter due to the impact of lower energy prices on its exploration and production business.