AI
| Followers | 71 |
| Posts | 12229 |
| Boards Moderated | 1 |
| Alias Born | 04/01/2000 |
Friday, April 22, 2005 9:30:52 PM
Final - StreetInsider Alerts 04/22/2005 @ 04:15:37 PM
By StreetInsider.com, Investing-News.Com
Apr 22, 2005, 19:10
04/22/2005 04:15:37 PM
StreetInsider Alert for MGG
[StreetInsider.com]
Apr 22, 2005 (streetinsider.com via COMTEX) --MGM MIRAGE (NYSE: MGG) announced that it, along with its partner CapitaLand, has been invited by the Singapore government to submit a joint proposal for an integrated resort complex in the Marina Bayfront.
HWG CPN CSS HYGS DJ:INDU HLIT MYG CATT TSRA MFRI SMSI NOK DV NDAQ EK MIL LEA ) INGP D PACT (+ Briefing.com ) (To Earlier Below)
04/22/2005 03:32:30 PM
Briefing.com: Stock Market Update - 15:30 ET
[Briefing.com Market Comment]
Apr 22, 2005 (Briefing.com via COMTEX) --Stock Market Update
Updated: 22-Apr-05
The market at 15:30 ET
Dow: -133...
Nasdaq: -39... S&P: -15.08...
NYSE Vol: 1.3 bln.. Adv: 1248.. Dec: 2000
Nasdaq Vol: 1.4 bln.. Adv: 879.. Dec: 2164
Moving the Market
Sector Watch
10-yr note +11/32 yielding 4.24% Mixed batch of earnings/guidance; consolidation following biggest one-day rally in two years
Strong: energy, utility
Weak: tech, consumer discretionary, industrials, hardware, semi, airline, retail, materials, consumer staples
15:30 ET
Dow -133, Nasdaq -39, S&P -15.08
[BRIEFING.COM] More of the same as broad-based weakness continues to pressure equities and the Nasdaq continues to outpace its blue chip counterparts to the downside... Accounting for much of the weakness in the sector has been Hardware (-3.1%), taking a bearish cue from a sell-off in shares of Apple Computer (AAPL 35.06 -2.12), which has been under pressure following weakness in several iPod component makers, such as CREAF (-15.5%), SGTL (-12.4%), STX (-4.0%) and SYNA (-14.1%)... SYNA has guided Q4 EPS below consensus while CREAF's earnings report has raised concerns about digital player market growth... ..NYSE Adv/Dec 1248/2000. ..NASDAQ Adv/Dec 879/2164.
15:00 ET
Dow -75, Nasdaq -28, S&P -7.88
[BRIEFING.COM] Selling remains the name of the game, as the indices continue to slide heading into the final hour of trading... The failure of buyers stepping in to support yesterday's strong performance has triggered follow through selling pressure in stocks, as the major indices have also failed to find support at key technical levels... Adding insult to injury have been reports that N. Korea may be preparing for a nuclear-weapons test that could come with little or no warning... ..NYSE Adv/Dec 1283/1941. ..NASDAQ Adv/Dec 949/2075.
14:30 ET
Dow -40, Nasdaq -22, S&P -4.61
[BRIEFING.COM] Bearish tone persists as the indices extend their reach into negative territory... Intensified selling interest within the last 15 minutes has sent the market to new session lows, as profit taking across most areas, a lack of sector leadership to the upside and the dwindling desire to own stocks over the weekend continue to diminish sentiment... ..NYSE Adv/Dec 1435/1764. ..NASDAQ Adv/Dec 1036/1960.
14:00 ET
Dow -13, Nasdaq -16, S&P -1.80
[BRIEFING.COM] Market shows resilience at current levels, even as oil prices hit session highs... While a 3.0% surge in crude oil futures ($55.80/bbl +$1.60) is surely bearish for stocks - as higher oil prices constrain discretionary spending - it appears investors remain comfortable with the commodity trading at these levels... After all, while oil prices have surged more than 8.0% since Monday, the major indices over that same time frame have still averaged gains of 1.4%... ..NYSE Adv/Dec 1432/1735. ..NASDAQ Adv/Dec 1048/1920.
13:30 ET
Dow -22, Nasdaq -19, S&P -2.63
[BRIEFING.COM] Sellers remain in control of the action as the Nasdaq Composite continues to pace the way to the downside... Shares of NASDAQ (NDAQ 12.19 +1.54), however, have surged more than 14% after recently confirming that it will acquire Instinet Group (INGP 5.84 +0.14) for roughly $935 mln... Instinet will receive an additional $208 mln from Silver Lake Partners for Instinet's Institutional Broker division... Just yesterday, the Composite's blue chip counterpart - the NYSE - confirmed it will merge with Archipelago Holdings (AX 28.85 -1.11) in a deal valued at about $3.0 bln... ..NYSE Adv/Dec 1401/1768. ..NASDAQ Adv/Dec 1050/1891.
13:00 ET
Dow -15, Nasdaq -18, S&P -1.88
[BRIEFING.COM] Renewed buying interest in blue chips halves recent losses, but the Dow remains underwater... Pacing the way lower on the Dow has been AIG (AIG 50.83 -1.07), amid steps to improve corporate governance that appear to have merely reminded investors that accounting problems may have cut its net worth by as much as $1.77 bln... Wal-Mart (WMT 47.04 -0.74) has also sold off following Costco's warning while Boeing (BA 58.08 -1.00) has been weak amid news that rival EADS (Airbus' parent) could take a significant share of the market by selling 150 military re-fuelling planes over 10 years... General Motors (GM 26.66 +0.65), however, has traded higher as U.S. corporate bonds post their first weekly gain while McDonald's (MCD 30.41 +0.56) - the only Dow component failing to take part in yesterday's rally - has been strong after AG Edwards upgraded the stock citing valuation... ..NYSE Adv/Dec 1368/1761. ..NASDAQ Adv/Dec 997/1917.
12:30 ET
Dow -34, Nasdaq -20, S&P -3.58
[BRIEFING.COM] Range-bound trading persists, but a widespread negative tone continues to weigh on the proceedings... While Technology (-1.1%) has been the worst performing economic sector, Consumer Discretionary (-1.0%) hasn't been too far behind, as Retail has lost 1.5%... Costco Wholesale (COST 39.96 -4.06) warning that Q3 and Q4 earnings will miss Street estimates, principally from gross margin erosion and high gasoline prices, has contributed to most of the selling pressure... Shares of Office Depot (ODP 20.43 -0.96), which missed analysts' forecasts yesterday amid flat earnings growth, have also tumbled... ..NYSE Adv/Dec 1214/1888. ..NASDAQ Adv/Dec 903/2004.
12:00 ET
Dow -29, Nasdaq -19, S&P -3.06
[BRIEFING.COM] Market remains under pressure midday as a mixed batch of earnings/guidance on the heels of yesterday's broad-based rally prompts widespread profit taking... While there haven't been nearly as many companies reporting their results today as there have been all week, the absence of market-moving economic news has placed even more emphasis on quarterly reports... Google (GOOG 215.78 +11.56) had an excellent report, coupled with better than expected earnings from Halliburton (HAL 44.15 +0.82) and International Paper (IP 34.41 +0.11), but disappointments from blue chips Maytag (MYG 11.11 -3.99) and Eastman Kodak (EK 26.66 -3.74), as well as downside guidance from Costco (COST 41.01 -3.01), have so far spoiled any chance of follow through on the part of buyers... As a result, seven of ten economic sectors have traded in negative territory... Pacing the way to the downside has been Technology (-1.0%), led lower by a 2.0% drubbing in the Hardware group and a downgrade on Yahoo (YHOO 34.61 -1.26)... Weakness in Semiconductor has also weighed on the sector, as strong earnings from BRCM and LSCC have been unable to counter poor reports from XLNX and VTSS... Financial, Consumer Staples and Consumer Discretionary have also lost ground while the Materials sector (-0.2%) has been weak but losses have been minimized by dollar weakness coupled with strength in Gold and gains in Diversified Metals... Energy (+1.4%), however, has been strong, as oil prices have risen for the fourth consecutive session... Crude oil futures ($55.63/bbl +$1.43) have climbed back above $55/bbl amid concerns that increasing demand for gasoline may put a strain on refineries... Telecom Services has held onto modest gains after Qwest (Q 3.67 +0.06) provided MCI (MCIP 26.70 +0.20) directors with its "best and final'' $9.7 bln bid while Utility has benefited from falling bond yields... Treasurys have rebounded somewhat, following yesterday's stock rally induced sell-off, as the 10-year note (+6/32) now yields 4.26%... ..DJTA -1.4%. ..DJUA +0.2%. ..SOX -0.9%. ..DOT -0.7%. ..XOI +1.3%. ..Nasdaq 100 -1.4%. ..S&P Midcap 400 -0.5%. ..Russell 2000 -1.1%. ..NYSE Adv/Dec 1247/1794. ..NASDAQ Adv/Dec 838/1996.
11:30 ET
Dow -7, Nasdaq -15, S&P -1.33
[BRIEFING.COM] Stocks continue to improve their stance somewhat, but market internals still suggest a negative tone to trading... Decliners on the NYSE hold a 17 to 12 advantage over advancers while declining issues on the Nasdaq hold a more than 2 to 1 edge over advancing issues... The ratio of down to up volumes, however, suggests an even more bearish bias, as down volume on the Composite outpaces up volume by an almost 3 to 1 margin... With regards to key technical levels, both the Dow and S&P have found initial support above levels of 10200 and 1157, respectively, but the Nasdaq has failed to find support near the 1954 mark amid selling pressure across every area of technology... ..NYSE Adv/Dec 1234/1752. ..NASDAQ Adv/Dec 800/1943.
11:00 ET
Dow -10, Nasdaq -17, S&P -2.54
[BRIEFING.COM] Blue chip indices back off their lows but still struggle to find much upside traction... While a slew of excellent earnings and the absence of bearish economic news lit a fire under equities yesterday, today's mixed batch of reports and the lack of enough major names to make a statement, continue to weigh on sentiment... Sure, Google (GOOG 218.59 +14.37) reported a nearly six-fold increase in Q1 profits on revenues of $1.26 bln - almost double what was reported a year ago - last night, but of the only 8 S&P components out with results this morning, 4 companies have missed analysts' expectations compared to just 3 upside surprises... ..NYSE Adv/Dec 1268/1645. ..NASDAQ Adv/Dec 835/1847.
10:30 ET
Dow -30, Nasdaq -16, S&P -3.89
[BRIEFING.COM] Little changed since the last update as the major averages continue to languish near session lows... Treasurys, however, have caught a bid, recovering some of the ground lost following yesterday's stock rally induced sell-off... Even though a lack of economic data has prevented bonds from moving more aggressive in either direction, bargain hunting has helped the benchmark 10-year note (+8/32), which now yields 4.26%, hold onto modest gains... ..NYSE Adv/Dec 1178/1605. ..NASDAQ Adv/Dec 849/1696.
10:00 ET
Dow -31, Nasdaq -14, S&P -3.73
[BRIEFING.COM] Equities still on the defensive as eight of ten economic sectors remain negative... Pacing the way lower has been Technology (-0.8%), amid widespread consolidation in the wake of the Nasdaq's strong 2.5% performance... Consumer Discretionary (-0.7%) has also been weak, assisted lower by Costco's (COST 39.96 -4.06) downside guidance as well as a worse than expected quarter from Maytag (MYG 11.50 -3.60)... Utility, however, has eked out a modest gain, benefiting from a modest recovery in the bond market, while Energy has inched into positive territory amid rising oil prices and a strong quarter from Halliburton (HAL 43.89 +0.56)... ..NYSE Adv/Dec 957/1517. ..NASDAQ Adv/Dec 787/1496.
09:40 ET
Dow -34, Nasdaq -11, S&P -3.65
[BRIEFING.COM] Stocks open on a downbeat note, in line with futures indications, as a breather by the bulls after Thursday's broad-based rally leaves the door open for modest selling pressure... Profit taking following yesterday's strong performance and heading into the weekend has arguably contributed to the lack of follow through on the part of buyers... A reversal in sentiment has also been attributed to a mixed batch of earnings and guidance that has been less optimistic than the slew of better than expected reports investors have sifted through over the last several sessions... ..NYSE Adv/Dec /. ..NASDAQ Adv/Dec /.
09:15 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -2.0. Nasdaq futures vs fair value: -8.5.
09:00 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -1.9. Nasdaq futures vs fair value: -9.0. Negative bias persists in pre-market action, as futures indications continue to trade below fair value... Companies in focus this morning following some notable ratings changes include downgrades on YHOO, UPS, LLY, KRB, BUD, LEA, XLNX and AFFX while MCD, BLS, ERICY, AFL, IP, DHR, FCX and FSL have been upgraded
08:30 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -2.7. Nasdaq futures vs fair value: -9.0. Still shaping up to be a lower open for the indices, as the absence of notable economic data this morning places even more emphasis on earnings and guidance that have not been as encouraging as the reports in recent days... On a more positive note, reports suggest that a group led by Nasdaq may acquire Instinet (INGP) for about $1.8 bln while Qwest (Q) has provided MCI (MCIP) directors with its "best and final'' bid of $30 a share
08:00 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -3.2. Nasdaq futures vs fair value: -9.5. Futures market suggesting a lower open for the cash market amid possible consolidation following the largest one-day stock rally in nearly two years... Investors are also weighing a surge in oil prices against a mixed batch of earnings reports... Crude oil futures have climbed back toward $55/bbl amid concerns that increasing gasoline demand may put a strain on refineries while EPS warnings from Costco (COST) have arguably diverted some attention from Google's (GOOG) excellent Q1 report
06:24 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -4.2. Nasdaq futures vs fair value: -10.0.
06:24 ET
Market is Closed
[BRIEFING.COM] FTSE...4843.00...+23.40...+0.5%. DAX...4223.51...+29.81...+0.7%.
06:24 ET
Market is Closed
[BRIEFING.COM] Nikkei...11045.95...+61.56...+0.6%. Hang Seng...13693.55...+96.24...+0.7%.
16:20 ET
Dow +206.24 at 10218.60, Nasdaq +48.65 at 1962.41, S&P +22.45 at 1159.95
[BRIEFING.COM] Robust earnings, optimistic economic data and promising M&A deals charged up the bulls, as huge gains across the board erased Wednesday's weakness and lifted each of the major indices at least 2.0%... Better than expected Q1 earnings from the majority S&P companies out with results today (28 of 42) was the driving force behind today's broad-based rally... In addition to upbeat Q1 reports from Nokia (NOK 16.38 +1.04), Motorola (MOT 15.90 +0.97) and eBay (EBAY 32.96 -0.15) last night, strong reports from a multitude of blue chips this morning - from Merck (MRK 34.34 +0.27) to Marriott (MAR 63.35 +1.15) - further alleviated concerns that profit growth is not slowing... The notion that the market may be oversold, as the major averages have averaged an 8.4% loss so far in 2005, also created bargain hunting opportunities as the Dow bounced off the psychological 10,000 level and soared more than 175 points for the first time since Nov. 4, 2004... Uplifting economic data also helped underpin a bullish bias and diminish recent indications of economic softness... Initial claims fell 36K to 296K (consensus 329K) - the largest decline in more than three years - during a key week in which the April employment survey was conducted... A stronger than expected jump in the April Philadelphia Fed's index, to 25.3 (consensus 10.0) - the highest level since December - countered the recent plunge in the April NY manufacturing index and also raised doubts about whether economic growth has actually slowed as much as the market has recently thought... Meanwhile, a $17.6 bln cash and stock deal for bankrupt Adelphia, a $14.2 bln buyout of Allied Domecq (AED 50.93 +0.81) and the $3.5 bln merger between the NYSE and Archipelago (AX 27.15 +8.39) - which will take the Big Board public - also contributed to an improved sentiment that closed all 10 economic sectors in positive territory... Energy paced the way higher, helped in part by a rebound in oil prices, while Industrials and Consumer Discretionary also surged more than 2.0%... While crude oil futures ($54.20/bbl +$0.17) were under pressure most of the day, amid reports that OPEC will increase oil production capacity, the commodity closed modestly higher amid news that militants attacked a security checkpoint in Mecca, Saudi Arabia... Technology (+3.2%) was strong across the board, as gains in excess of 2.0% in everything from Semiconductor to Software helped the Nasdaq soar 2.5% -- the Composite's best one-day gain since Dec. 1, 2004... Transportation (+3.5%) also soared - recording its best performance in nearly two years - aided by stronger than expected earnings from United Parcel Service (UPS 70.61 +3.35) and Union Pacific (UNP 64.92 +1.59) as well as bargain hunting in air carriers Northwest Airlines (NWAC 5.94 +0.54) and Delta Air Lines (DAL 3.90 +0.25), even though both posted wider than expected losses... Health Care (+1.4%) was also strong, taking full advantage of strong Q1 earnings from the likes of ABC, GDT, ROH and BAX... Financial - the most influential of the 10 economic sectors - was the worst performer, in the face of rising bond yields as well as a 94% drop in Q1 profits and FY05 EPS warning from MBNA (KRB 19.28 -3.83), but still managed a solid gain... Treasurys, however, were weak all day long, as the benchmark 10-year note finished near session lows, down 29 ticks to yield 4.30%... Bonds initially lost ground after weekly jobless claims plunged to a 10-week low, but they fell even further following an unexpected jump in Philly Fed... Fed Chief Greenspan testified before the Senate Banking Committee on deficits and budget reform, but his comments had almost no impact on the bond market... Separately, Mar. leading indicators fell 0.4% - its seventh decline over the last 10 months - but as a lagging indicator providing a very false read on the strong economic momentum, the data have had little impact on market activity... ..DJTA +3.5%. ..DJUA +1.3%. ..SOX +2.8%. ..DOT +3.4%. ..XOI +2.3%. ..BTK +1.1%. ..Nasdaq 100 +2.9%. ..S&P Midcap 400 +1.8%. ..Russell 2000 +2.4%. ..NYSE Adv/Dec 2416/881. ..NASDAQ Adv/Dec 2219/845.
Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond and world FX market participants. 1-800-752-3013 or http://www.briefing.com
Copyright (C) 2005 Briefing.com, Inc. All rights reserved.
04/22/2005 03:10:23 PM
StreetInsider Alert for HWG
Apr 22, 2005 (streetinsider.com via COMTEX) --The Hallwood Group Incorporated (Amex: HWG) said it will pay a cash distribution in partial liquidation in the amount of $37.70 per share, totaling approximately $56.8 million, payable on or about May 27, 2005, to stockholders of record as of May 20, 2005. The distribution is in partial liquidation of the Company as a result of the Company's disposition of its real estate interests and partnership units relating to Hallwood Realty Partners, L.P. on July 16, 2004 and determination to discontinue the Company's real estate activities. In connection with the plan of partial liquidation, the board of directors may again review the cash position of the Company at any time through December 31, 2005 and determine to distribute additional liquidating distributions not to exceed (together with the current distribution) the approximately $66,119,000 received in the disposition of the Hallwood Realty Partners' interests. Anthony J. Gumbiner, the Company's Chairman and Chief Executive Officer, and Charles A. Crocco, Jr. and J. Thomas Talbot, directors of the Company, have each informed the Company of their intention to exercise all the options they hold to purchase a total of 180,000 shares of the Company's common stock prior to the Record Date.
04/22/2005 02:40:19 PM
StreetInsider Alert for CPN
Apr 22, 2005 (streetinsider.com via COMTEX) --UPDATE: Calpine Corporation (NYSE: CPN) responds to trading pressure on the company's equity and bonds as a result of today's false market rumors: "While it is not Calpine's policy to respond to market rumors, we feel compelled to comment today to assure the marketplace that these rumors are false. Calpine remains in compliance with its corporate and project indentures. Further, the company assures the market that it has no plans to file for bankruptcy."
04/22/2005 02:40:18 PM
StreetInsider Alert for CSS
Apr 22, 2005 (streetinsider.com via COMTEX) --CSS Industries, Inc. (NYSE: CSS) declared a quarterly dividend of $0.12per share on its outstanding shares of Common Stock. This dividend will be payable on June 15, 2005 to stockholders of record at the close of business on June 1, 2005. This dividend rate reflects an increase of 20% from the prior rate of ten cents a share.
04/22/2005 01:35:47 PM
StreetInsider Alert for HYGS
Apr 22, 2005 (streetinsider.com via COMTEX) --This afternoon, Prince Edward Island Premier Pat Binns and Randall MacEwen, Vice President, Corporate Development of Hydrogenics Corporation (Nasdaq: HYGS), announced that Hydrogenics and Prince Edward Island Energy Corporation will lead a consortium of industry and government partners to develop Canada's first wind-hydrogen village demonstration - the Prince Edward Island Wind-Hydrogen Village Project
04/22/2005 01:25:22 PM
StreetInsider Alert for DJ:INDU
Apr 22, 2005 (streetinsider.com via COMTEX) --04/22: Streeeindsider.com's Unusual 11 Afternoon Movers:
Harmonic Inc (Nasdaq: HLIT) 30.88% LOWER; reported Q1 EPS lower.
Maytag (NYSE: MYG) 29.80% LOWER; reported disappointing Q1 earnings. S&P cut debt rating.
Catapult Communications Corp (Nasdaq: CATT) 26.60% LOWER; guided Q3 lower.
Tessera Technologies (Nasdaq: TSRA) 18.13% LOWER; warned for Q2 and FY05.
MFRI, Inc. (NASDAQ: MFRI) 17.95% HIGHER; Q4 revenues rose 30% and net income rose $0.16 per share from the prior year's fourth quarter.
Smith Micro Software Inc. (Nasdaq: SMSI) 17.17% HIGHER; signed an agreement with Nokia (NYSE: NOK) which made the Company's QuickLink Mobile data connectivity software available for many of Nokia's most current CDMA handsets.
DeVry Inc (NYSE: DV) 14.73% HIGHER; reported impressive Q3 results.
Nasdaq Stock Market (Nasdaq: NDAQ) 14.55% HIGHER; strong earnings and will buy Instinet Group Inc. (Nasdaq: INGP) for $1.878 billion in cash.
Eastman Kodak (NYSE: EK) 11.48% LOWER; weak Q1 results and S&P cut senior debt rating to 'junk' status.
Millipore Corp (NYSE: MIL) 10.96% HIGHER; reported impressive Q1 results.
Lear Corp (NYSE: LEA) 8.74% LOWER; reported a dissapointing Q1 results and guided lower for Q2 earnings.
04/22/2005 01:10:11 PM
StreetInsider Alert for INGP
Apr 22, 2005 (streetinsider.com via COMTEX) --UPDATE: As rumored, Nasdaq Stock Market (Nasdaq: NDAQ) will buy Instinet Group Inc. (Nasdaq: INGP) for $1.878 billion in cash.
04/22/2005 11:00:16 AM
StreetInsider Alert for D
Apr 22, 2005 (streetinsider.com via COMTEX) --Thos. E. Capps, chairman of the board and chief executive officer of Dominion (NYSE: D), announced that he plans to relinquish his CEO title within one year. Capps designated Thomas F. Farrell II, president and chief operating officer, as his successor.
04/22/2005 10:50:22 AM
StreetInsider Alert for PACT
Apr 22, 2005 (streetinsider.com via COMTEX) --PacificNet Inc. (Nasdaq: PACT) announced that its PacificNet Epro subsidiary has been selected by Ping An Insurance ("Ping An"), the second largest life insurance company in China, to provide CRM consulting and call center training services to Ping An's main customer service center located in Suzhou with 300 seats and 500 customer service representatives.
~~~ Don't Trade Alone ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ( SMSI CATT HLIT MFRI MYG MIL LEA GOOG ) CPSI CCUR (To Earlier Below)
04/22/2005 10:40:25 AM
StreetInsider Alert for DJ:INDU
Apr 22, 2005 (streetinsider.com via COMTEX) --04/22: Streeeindsider.com's Unusual 8 Morning Movers:
Smith Micro Software Inc. (Nasdaq: SMSI) 29.43% HIGHER; signed an agreement with Nokia (NYSE: NOK) which made the Company's QuickLink Mobile data connectivity software available for many of Nokia's most current CDMA handsets in the United States and abroad.
Catapult Communications Corp (Nasdaq: CATT) 27.20% LOWER; guided Q3 below the consensus. In addition, J.P. Morgan downgraded the stock.
Harmonic Inc (Nasdaq: HLIT) 27.14% LOWER; reported Q1 EPS 4 cents worse than estimates.
MFRI, Inc. (NASDAQ: MFRI) 26.60% HIGHER; Q4 revenues rose 30% and net income was $0.03 per share, versus a loss of $0.13 per share in the prior year's fourth quarter.
Maytag (NYSE: MYG) 25.43% LOWER; reported disappointing Q1 earnings.
Millipore Corp (NYSE: MIL) 14.08% HIGHER; reported impressive Q1 results.
Lear Corp (NYSE: LEA) 10.23% LOWER; reported a Q1 loss 6 cents worse than estimates and guided lower for Q2 earnings. In addition, Banc of America downgraded the stock.
Google Inc (Nasdaq: GOOG) 7.11% HIGHER; reported 'blow-out' Q1 results. In addition, a number of analysts raised their price targets on the Company.
04/22/2005 10:25:19 AM
StreetInsider Alert for CPSI
Apr 22, 2005 (streetinsider.com via COMTEX) --Computer Programs and Systems, Inc. (NASDAQ: CPSI) is 13% higher after the company reported Q1 earnings of $0.31 per share and revenue of $26.4 million, higher than the consensus of $0.25 and $23.15 million.
Avondale Partners upgraded the stock to 'outperform' and raised their target on the stock to $32 this moring, calling the results 'blow-out' numbers.
04/22/2005 09:40:07 AM
StreetInsider Alert for CCUR
Apr 22, 2005 (streetinsider.com via COMTEX) --Concurrent Computer Corp (Nasdaq: CCUR) reports Q3 earnings of $0.01 per share, 2 cents better than estimates. Revenues came in at $19.8 million versus the consensus of $20.74 million.
~~~ Guidance For Trades ~~~ [ ALT + BACK ARROW ] to Return
GOOG AMX TQNT SYNC AF CSAR FMER PRX SLXA NCC UPS PII CMLS TCO TRLG ILE PLMD CRNT DRAD ANDS FSL LEA ERICY OSTK IFLO SWIR CAM AMG CNT ARLP AVNC MXT ULBI IGT CHKP SI DDR ATI DHR AVB AFL ETM AH MCD FAST FO IP GOOG RJET ARBA MSCC NE DNEX LEA BEBE POWI DV XLNX DCLK CCU CATT STLD VCI BHE BUD MCIP GSF YHOO LSCC CHRT XJT MYG COST
04/22/2005 09:25:18 AM
StreetInsider Alert for GOOG
Apr 22, 2005 (streetinsider.com via COMTEX) --Pacific Crest raises its price target on Google Inc (Nasdaq: GOOG) from $250 to $330 per share, citing potential for international growth. NOTE - This may be the highest target on the street.
04/22/2005 09:25:17 AM
StreetInsider Alert for AMX
Apr 22, 2005 (streetinsider.com via COMTEX) --Fulcrum Global Partners initiated coverage on America Movil ADS (NYSE: AMX) with a Buy rating; $73.00 price target. According to the firm, penetration in Latin America is between 10%-36%, which they believe is an inflexion point for faster subscriber growth, and presents a sizable opportunity for AMX, the primary operator in the region.
04/22/2005 09:25:16 AM
StreetInsider Alert for TQNT
Apr 22, 2005 (streetinsider.com via COMTEX) --Wells Fargo downgraded Triquint Semiconductor, Inc. (Nasdaq: TQNT) from Buy to Hold. The firm is lowering their recommendation on the stock based on TQNT's lower growth in revenue and the slower handset growth market in 2005.
04/22/2005 09:25:06 AM
StreetInsider Alert for SYNC
Apr 22, 2005 (streetinsider.com via COMTEX) --This morning, Intellisync Corporation (Nasdaq: SYNC) announced a licensing agreement with Qool Labs. Through the agreement, Intellisync software will be bundled with a new Palm OS-based smartphone developed by Qool Labs -- the QDA700 -- enabling synchronization of calendar, contacts, tasks and notes between QDA700 and the Microsoft Outlook and Palm Desktop software applications.
______
04/22/2005 09:20:18 AM
StreetInsider Alert for AF
Apr 22, 2005 (streetinsider.com via COMTEX) --Moors & Cabot upgraded Astoria Financial Corporation (NYSE: AF) from Sell to Hold; target price increased from $24.00 to $25.00. The firm based their upgrade on Astoria's Q1 results.
04/22/2005 09:20:07 AM
StreetInsider Alert for CSAR
Apr 22, 2005 (streetinsider.com via COMTEX) --Credit Suisse First Boston downgraded Caraustar Industries, Inc. (Nasdaq: CSAR) from Outperform to Neutral. Target price decreased from $19.00 to $12.00. The firm believes an equity offering will solve the problems of the company. They are lowering their 2005 estimate to 73c from $1.38 and 2006 estimate to $1.20 from $1.75.
______
04/22/2005 09:10:19 AM
StreetInsider Alert for FMER
Apr 22, 2005 (streetinsider.com via COMTEX) --KeyBanc downgraded FirstMerit Corporation (Nasdaq: FMER) from Buy to Hold. The firm based their downgrade on estimate revisions, which primarily reflect incremental margin pressure due to the competitive environment and a lower fee income growth assumption. In addition, their margin assumption went from 3.80% to 3.73%.
04/22/2005 09:10:18 AM
StreetInsider Alert for PRX
Apr 22, 2005 (streetinsider.com via COMTEX) --Par Pharmaceutical Companies, Inc. (NYSE: PRX) announced that its wholly-owned subsidiary, Kali Laboratories, Inc., has received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for tramadol hydrochloride (HCl) and acetaminophen tablets. Kali has been awarded 180 days of marketing exclusivity, commencing at launch, for being the first to file an ANDA containing a paragraph IV certification for the product. Ortho-McNeil Pharmaceutical, Inc. currently markets 37.5 mg tramadol HCl/325 mg acetaminophen tablets under the brand name Ultracet. The product is indicated for the short-term (five days or less) management of acute pain and has annual U.S. sales of approximately $350 million.
04/22/2005 09:05:20 AM
StreetInsider Alert for SLXA
Apr 22, 2005 (streetinsider.com via COMTEX) --Solexa, Inc. (Nasdaq: SLXA) announced that it has entered into a definitive agreement for a $32.5 million private sale of common stock and warrants for the purchase of common stock with a group of leading institutional investors in the health care sector. The transaction is led by ValueAct Capital. Solexa also announced that G. Mason Morfit, CFA, a partner of ValueAct Capital, has been appointed to its board of directors, bringing board membership to eight.
Under terms of the financing, Solexa will sell approximately 8.1 million shares of common stock at $4.00 per share and will issue warrants to purchase approximately 4.1 million shares of common stock at an exercise price of $5.00 per share.
______
04/22/2005 08:55:16 AM
StreetInsider Alert for NCC
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades National City Corporation (NYSE: NCC) from 'sell' to 'neutral', citing valuation.
04/22/2005 08:55:16 AM
StreetInsider Alert for UPS
Apr 22, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded United Parcel Service Inc CL B (NYSE: UPS) from Outperform to Peer Perform. The firm is lowering their outlook on the stock based on UPS' Q1 results, and expect its valuation to continue to gradually contract closer to that of FDX, if it continues to lose domestic mkt share.
04/22/2005 08:55:15 AM
StreetInsider Alert for PII
Apr 22, 2005 (streetinsider.com via COMTEX) --IRG Research initiated coverage on Polaris Industries Partners L.P. (NYSE: PII) with a Buy rating; $64.00 price target. The firm believes catalysts are: ATV growth approaching 20%, new product development, and Spring/Summer key retail season.
04/22/2005 08:55:13 AM
StreetInsider Alert for CMLS
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgraded Cumulus Media Inc (Nasdaq: CMLS) from Market Perform to Outperform. The firm based their upgrade on valuation and improving metrics, including trending up ad rates, earlier inventory sellout, and widening inventory discipline.
04/22/2005 08:50:15 AM
StreetInsider Alert for TCO
Apr 22, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded Taubman Centers, Inc. (NYSE: TCO) from Hold to Buy; target price increased from$30.00 to $33.00. In the firm's opinion, improving operations and its pipeline of potential development deliveries should contribute to above average earnings growth.
04/22/2005 08:50:14 AM
StreetInsider Alert for TRLG
Apr 22, 2005 (streetinsider.com via COMTEX) --BB&T Capital Markets initiated coverage on True Religion Apparel, Inc (OTCBB: TRLG) with a Buy rating; $17.00 price target. The firm notes that TRLG has applied for a listing on NASDAQ which, along with the adding of outside board members, should lighten up corporate governance concerns.
04/22/2005 08:50:14 AM
StreetInsider Alert for ILE
Apr 22, 2005 (streetinsider.com via COMTEX) --UBS Securities upgraded Isolagen Inc (AMEX: ILE) from Neutral to Buy; $8.00 price target. The firm is upgrading Isolagen as they see a compelling buying opportunity and risk/reward.
______
04/22/2005 08:45:20 AM
StreetInsider Alert for PLMD
Apr 22, 2005 (streetinsider.com via COMTEX) --Pacific Growth initiated coverage on Polymedica Corporation (Nasdaq: PLMD) with an Overweight rating. In the firm's opinion, the shares could trade into the $40-$45 range as management begins to use proceeds from recently secured credit facility.
04/22/2005 08:45:20 AM
StreetInsider Alert for CRNT
Apr 22, 2005 (streetinsider.com via COMTEX) --Ferris Baker downgraded Ceragon Networks Ltd. (Nasdaq: CRNT) from Buy to Hold. The firm lowered their rating due to incremental concern over competition.
04/22/2005 08:45:08 AM
StreetInsider Alert for DRAD
Apr 22, 2005 (streetinsider.com via COMTEX) --William Blair downgraded Digirad Corporation (Nasdaq: DRAD) from Outperform to Market Perform. The firm's downgrade follows CEO resignation apparently as a result of an internal investigation into the revenue recognition of a single camera sale in first quarter 2004.
04/22/2005 08:45:07 AM
StreetInsider Alert for ANDS
Apr 22, 2005 (streetinsider.com via COMTEX) --Anadys Pharmaceuticals, Inc. (Nasdaq: ANDS) filed a shelf registration statement with the SEC that, upon being declared effective, will allow Anadys to offer and sell from time to time up to $75 million of its common stock.
______
04/22/2005 08:35:15 AM
StreetInsider Alert for FSL
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Freescale Semiconductor Inc (NYSE: FSL) from Neutral to Buy; $22.00 price target. According to the firm, management is executing on its margin improvement strategy and expects continued expansion throughout 2005.
04/22/2005 08:35:15 AM
StreetInsider Alert for LEA
Apr 22, 2005 (streetinsider.com via COMTEX) --Banc of America downgraded Lear Corporation (NYSE: LEA) from Buy to Sell; $32.00 price target. The firm believes LEA margins outperformed in 2002-2004 due solely on the high reliance on Big 3 large trucks. They now expect LEA's earnings power to be closer to $3.00 then $6.00. In addition, they are lowering their 2005 and 2006 EPS to $2.60 and $3.00 from $4.20 and $4.65, respectively.
04/22/2005 08:35:14 AM
StreetInsider Alert for ERICY
Apr 22, 2005 (streetinsider.com via COMTEX) --Prudential Securities upgraded LM Ericsson Telephone Co (Nasdaq: ERICY) from Underweight to Overweight; target price increased from $25.00 to $37.00. The firm believes the GSM slowdown is already reflected in 1H05 estimates and the company could benefit from a WCDMA uptick in 2H05.
______
04/22/2005 08:30:10 AM
StreetInsider Alert for OSTK
Apr 22, 2005 (streetinsider.com via COMTEX) --Overstock.com (Nasdaq: OSTK) is 10% lower in pre-open action after the company reported a Q1 loss of $0.21 per share, which may not be comprable to the consensus of a $0.12 loss. Revenues came in at $165.9 million versus the consensus of $142.4 million. Analysts are also citing increasing costs.
04/22/2005 08:30:09 AM
StreetInsider Alert for IFLO
Apr 22, 2005 (streetinsider.com via COMTEX) --Jefferies Group initiated coverage on I-Flow Corporation (Nasdaq: IFLO) with a Buy rating; $20.00 price target. The firm is initiating with a $20 target as their flagship product enters a $2B-$3B market with 3% penetration.
04/22/2005 08:30:09 AM
StreetInsider Alert for SWIR
Apr 22, 2005 (streetinsider.com via COMTEX) --RBC Capital Markets upgraded Sierra Wireless, Incorporated (Nasdaq: SWIR) from Underperform to Sector Perform; $9.00 price target. The firm sees limited downside risk at current levels given expected recovery in PC cards in the second half of 2005.
04/22/2005 08:25:08 AM
StreetInsider Alert for CAM
Apr 22, 2005 (streetinsider.com via COMTEX) --Susquehanna upgraded Cooper Cameron Corporation (NYSE: CAM) from Continued Net Neutral to Net Positive. The firm is upgrading CAM as they believe the company is best positioned to capitalize on a expected increase in new subsea equipment orders.
______
04/22/2005 08:20:10 AM
StreetInsider Alert for AMG
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Affiliated Managers Group Inc (NYSE: AMG) from Neutral to Sell. The firm based their upgrade on accelerating net flows reported by Strategic Insight. In addition, they believe organic growth may not lag going forward.
04/22/2005 08:20:10 AM
StreetInsider Alert for CNT
Apr 22, 2005 (streetinsider.com via COMTEX) --Deutsche Bank downgraded Centerpoint Properties Trust SBI (NYSE: CNT) from Buy to Hold; target price decreased from $52.00 to $32.00. The firm thinks CNT's rate of asset turnover is nearing a plateau and believe as the turnover pace is reaching 25%, and noted velocity will stall around these levels thus limiting its ability to grow its earnings, as defined by the company.
04/22/2005 08:20:09 AM
StreetInsider Alert for ARLP
Apr 22, 2005 (streetinsider.com via COMTEX) --Smith Barney initiated coverage on Alliance Resource Partners LP (Nasdaq: ARLP) with a Buy rating; $84.50 price target. The firm believes ARLP offers an attractive total return.
04/22/2005 08:15:15 AM
StreetInsider Alert for AVNC
Apr 22, 2005 (streetinsider.com via COMTEX) --Advancis Pharmaceutical Corporation (Nasdaq: AVNC) completed enrollment ahead of schedule in the Company's pediatric Amoxicillin PULSYS Phase III clinical trial for the treatment of pharyngitis/tonsillitis due to Group A streptococcal infections. Advancis has informed all 77 investigator sites across the country that they may continue to enroll scheduled patients through close-of-business Monday, April 25, 2005.
04/22/2005 08:15:15 AM
StreetInsider Alert for MXT
Apr 22, 2005 (streetinsider.com via COMTEX) --Jefferies Group upgraded Metris Companies Inc. (NYSE: MXT) from Hold to Buy. The firm expects fundamentals to continue to improve. In addition, the firm believes MTX could be a takeover target due to increased competition and market saturation of the industry
04/22/2005 08:15:14 AM
StreetInsider Alert for ULBI
Apr 22, 2005 (streetinsider.com via COMTEX) --Ultralife Batteries, Inc., (NASDAQ: ULBI) was notified by the U.S. Department of Defense on April 21 that, following a formal review process, the protest filed by a U.S.-based battery assembly company claiming that its Next Gen II, Phase IV contract proposal was unfairly reviewed, has been denied by the Government.
Government reaffirms the company's win of the entire $286 million next gen II, Phase IV award.
04/22/2005 08:15:13 AM
StreetInsider Alert for IGT
Apr 22, 2005 (streetinsider.com via COMTEX) --Sterne, Agee & Leach upgraded International Game Technology (NYSE: IGT) from Hold to Buy. Jefferies Group downgraded the stock from Buy to Hold; $28.00 price target. The firm expected a large number of placements in new jurisdictions but guidance did not include any in Japan, Macau, or the UK. They noted that growth prospects have slipped.
04/22/2005 08:15:13 AM
StreetInsider Alert for CHKP
Apr 22, 2005 (streetinsider.com via COMTEX) --Stanford Group initiated coverage on Check Point Software Technologies Ltd. (Nasdaq: CHKP) with a Buy rating; $25.00 price target. The firm expect spending to remain better for the overall market and for new products to gain traction.
04/22/2005 08:10:16 AM
StreetInsider Alert for SI
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Siemens AG ADS (NYSE: SI) from Neutral to Buy.
04/22/2005 08:10:06 AM
StreetInsider Alert for DDR
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney initiated coverage on Developers Diversified Realty Corporation (NYSE: DDR) with a Hold rating; $42.00 price target.
04/22/2005 08:10:05 AM
StreetInsider Alert for ATI
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Allegheny Technologies Incorporated (NYSE: ATI) from Hold to Buy; target price increased from $24.00 to $30.00. The firm's upgrade is based on strong earnings, exposure to late cycle growth markets, reasonable valuation, and others.
04/22/2005 08:05:17 AM
StreetInsider Alert for DHR
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Danaher Corporation (NYSE: DHR) from Hold to Buy; target price increased from $60.00 to $61.00. The firm raised their rating due to valuation.
04/22/2005 08:05:17 AM
StreetInsider Alert for AVB
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded AvalonBay Communities (NYSE: AVB) from Sell to Hold; target price increased from $58.00 to $72.00. The firm cited accelerating growth as cause for their upgrade.
04/22/2005 08:05:12 AM
StreetInsider Alert for AFL
Apr 22, 2005 (streetinsider.com via COMTEX) --JP Morgan upgraded AFLAC Incorporated (NYSE: AFL) from Neutral to Overweight.
04/22/2005 08:01:10 AM
StreetInsider Alert for ETM
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgraded Entercom Communications Corporation (NYSE: ETM) from Market Perform to Outperform. In the firm's opinion, ETM should consistently and significantly outpace its peers as radio industry fundamentals are improving .
______
04/22/2005 08:01:08 AM
StreetInsider Alert for AH
Apr 22, 2005 (streetinsider.com via COMTEX) --Armor Holdings, Inc. (NYSE: AH) received a modification valued at $31.1 million to an existing contract to provide add-on-armor for various types of heavy trucks for the U.S. Army.
04/22/2005 08:01:07 AM
StreetInsider Alert for MCD
Apr 22, 2005 (streetinsider.com via COMTEX) --AG Edwards upgrades McDonald's (NYSE: MCD) from 'hold' to 'buy' with a $35 price target, citing valuation.
04/22/2005 08:01:06 AM
StreetInsider Alert for FAST
Apr 22, 2005 (streetinsider.com via COMTEX) --Fastenal Company (Nasdaq: FAST) said its board of directors has authorized purchases by the company of up to 380,000 shares of its common stock in transactions on THE NASDAQ or otherwise. Fastenal Company has approximately 76 million shares of common stock outstanding.
04/22/2005 08:01:06 AM
StreetInsider Alert for FO
Apr 22, 2005 (streetinsider.com via COMTEX) --Fortune Brands (NYSE: FO) reports Q1 earnings of $1.02 per share, 1 cent worse than estimates. Revenues came in at $1.79 billion versus the consensus of $1.82 billion.
04/22/2005 08:01:05 AM
StreetInsider Alert for IP
Apr 22, 2005 (streetinsider.com via COMTEX) --Intl Paper (NYSE: IP) reports Q1 earnings of $0.34 per share, 3 cents better than estimates. Revenues came in at $6.6 billion versus the consensus of $6.57 billion.
04/22/2005 08:01:04 AM
StreetInsider Alert for GOOG
Apr 22, 2005 (streetinsider.com via COMTEX) --CIBC downgrades Yahoo! (Nasdaq: YHOO) from 'outperform' to 'sector perform' and cuts their price target to $40, following Google's (Nasdaq: GOOG) strong report. Thinks money will shift out of YHOO and into GOOG.
04/22/2005 08:01:04 AM
StreetInsider Alert for RJET
Apr 22, 2005 (streetinsider.com via COMTEX) --Republic Airways (Nasdaq: RJET) reports Q1 earnings of $0.48 per share, 4 cents better than estimates. Revenues came in at $178.4 million versus the consensus of $169 million.
04/22/2005 08:00:50 AM
StreetInsider Alert for ARBA
Apr 22, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgrades Ariba Inc (Nasdaq: ARBA) from 'sector perform' to 'underperform'. The analyst believes demand is lackluster and will weigh on top line growth.
______
04/22/2005 08:00:49 AM
StreetInsider Alert for MSCC
Apr 22, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiates coverage on Microsemi (Nasdaq: MSCC) with an 'outperform' rating.
04/22/2005 08:00:48 AM
StreetInsider Alert for NE
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Noble Corp (NYSE: NE) from Neutral to Overweight on higher earnings outlook.
04/22/2005 08:00:48 AM
StreetInsider Alert for DNEX
Apr 22, 2005 (streetinsider.com via COMTEX) --Baird downgrades Dionex Corp (Nasdaq: DNEX) from 'outperform' to 'neutral' and cuts their price target from $60 to $43, after Q3 report.
04/22/2005 08:00:47 AM
StreetInsider Alert for LEA
Apr 22, 2005 (streetinsider.com via COMTEX) --Lear Corp (NYSE: LEA) reports a Q1 loss of $0.03 per share, 6 cents worse than estimates. Q1 revenues were $4.29 billion, in-line with estimates. LEA guides lower for Q2 earnings, but sees better than expected revenues.
04/22/2005 08:00:46 AM
StreetInsider Alert for BEBE
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia downgrades bebe stores (Nasdaq: BEBE) from 'outperform' to 'market perform', citing valuation. Valuation range of $33-$36 per share.
04/22/2005 08:00:45 AM
StreetInsider Alert for POWI
Apr 22, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Power Integrations (Nasdaq: POWI) from 'buy' to 'neutral', citing valuation.
04/22/2005 08:00:45 AM
StreetInsider Alert for DV
Apr 22, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades DeVry (NYSE: DV) from Underperform to Neutral on positive Q3 results.
04/22/2005 08:00:44 AM
StreetInsider Alert for XLNX
Apr 22, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Xilinx (Nasdaq: XLNX) from 'buy' to 'neutral' following Q4 report.
04/22/2005 08:00:44 AM
StreetInsider Alert for DCLK
Apr 22, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades DoubleClick (Nasdaq: DCLK) from Underperform to Market Perform on stronger growth outlook.
04/22/2005 08:00:43 AM
StreetInsider Alert for CCU
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgrades Clear Channel Communications (NYSE: CCU) from Market Perform to Outperform.
04/22/2005 08:00:42 AM
StreetInsider Alert for CATT
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Catapult Communications (Nasdaq: CATT) from Overweight to Neutral after Q2 earnings report.
04/22/2005 08:00:42 AM
StreetInsider Alert for STLD
Apr 22, 2005 (streetinsider.com via COMTEX) --Soleil upgrades Steel Dynamics (Nasdaq: STLD) from Sell to Hold on valuation-Price target $40.
04/22/2005 08:00:40 AM
StreetInsider Alert for VCI
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Valassis Communications (NYSE: VCI) from Underweight to Neutral on positive business growth.
04/22/2005 08:00:40 AM
StreetInsider Alert for BHE
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Benchmark Electronics (NYSE: BHE) from Neutral to Overweight on positive growth outlook.
04/22/2005 08:00:39 AM
StreetInsider Alert for BUD
Apr 22, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades Anheuser-Busch (NYSE: BUD) from Neutral to Reduce after recent run in stock price.
______* Refresh Your Browser *
04/22/2005 08:00:29 AM
StreetInsider Alert for MCIP
Apr 22, 2005 (streetinsider.com via COMTEX) --Qwest Communications (NYSE: Q) has raised its bid for MCI Corp (Nasdaq: MCIP) again to $9.7 billion in cash and stock.
04/22/2005 08:00:29 AM
StreetInsider Alert for GSF
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades GlobalSantaFe (NYSE: GSF) from Underweight to Overweight on positive earnings outlook.
04/22/2005 08:00:28 AM
StreetInsider Alert for YHOO
Apr 22, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgrades Yahoo! (Nasdaq: YHOO) from Outperformer to Sector Performer-Price target $40.
04/22/2005 08:00:28 AM
StreetInsider Alert for LSCC
Apr 22, 2005 (streetinsider.com via COMTEX) --Lattice Semiconductor (Nasdaq: LSCC) reports a Q1 loss of $0.06 per share, 1 cent better than estimates. Q1 revenues were $51.3 million, higher than analysts estimates of $50.04 million.
04/22/2005 08:00:19 AM
StreetInsider Alert for CHRT
Apr 22, 2005 (streetinsider.com via COMTEX) --Chartered Semiconductor (Nasdaq: CHRT) reprts a Q1 loss of $0.34 per share, 3 cents worse than estimates. Q1 revenue were $181.4 million, lower than analysts estimates of $183.53 million. CHRT guides lower for Q2 earnings estimates.
04/22/2005 08:00:18 AM
StreetInsider Alert for XJT
Apr 22, 2005 (streetinsider.com via COMTEX) --ExpressJet Holdings (NYSE: XJT) reports Q1 earnings of $0.39 per share, 2 cents worse than estimates. Q1 revenues were $375.4 million, lower than analysts estimates of $386.92 million.
04/22/2005 08:00:17 AM
StreetInsider Alert for MYG
Apr 22, 2005 (streetinsider.com via COMTEX) --Maytag (NYSE: MYG) reports Q1 earnings of $0.10 per share, including a $4.9 million restructuring charge, 10 cents worse than estimates. Q1 revenues were $1.17 billion, slightly lower than analysts estimates of $1.18 billion.
04/22/2005 08:00:17 AM
StreetInsider Alert for COST
Apr 22, 2005 (streetinsider.com via COMTEX) --Costco (Nasdaq: COST) now sees Q3 earnings between $0.41-0.43 per share vs. analysts estimates of $0.46. COST sees Q4 earnings between $0.63-0.67 vs. analysts estimates of $0.70. The Company also sees full-year 2005 earnings between $1.98-2.04 vs. analysts estimates of $2.10.
____________
StreetInsider.com Premium is also available to Bloomberg Terminal users. Bloomberg users type STIN for more information.
StreetInsider.com, Inc., US Toll Free: 800-323-0153, info@streetinsider.com, http://www.streetinsider.com
About StreetInsider.com: StreetInsider.com is a premium financial news wire service covering the US equity markets. StreetInsider.com provides its premium members with live, market moving news reports for the pre-open, intra-day and after-hours trading sessions. Areas of focus include: Trader Talk, Market Rumors, Broker Comments, Upgrades/Downgrades, Earnings Releases, Corporate News, and General Market News/Events.
For a 2-week free trial to StreetInsider.com Premium please visit the web site at: http://www.streetinsider.com
© 2004 Dialog, a Thomson business. All rights reserved.
By StreetInsider.com, Investing-News.Com
Apr 22, 2005, 19:10
04/22/2005 04:15:37 PM
StreetInsider Alert for MGG
[StreetInsider.com]
Apr 22, 2005 (streetinsider.com via COMTEX) --MGM MIRAGE (NYSE: MGG) announced that it, along with its partner CapitaLand, has been invited by the Singapore government to submit a joint proposal for an integrated resort complex in the Marina Bayfront.
HWG CPN CSS HYGS DJ:INDU HLIT MYG CATT TSRA MFRI SMSI NOK DV NDAQ EK MIL LEA ) INGP D PACT (+ Briefing.com ) (To Earlier Below)
04/22/2005 03:32:30 PM
Briefing.com: Stock Market Update - 15:30 ET
[Briefing.com Market Comment]
Apr 22, 2005 (Briefing.com via COMTEX) --Stock Market Update
Updated: 22-Apr-05
The market at 15:30 ET
Dow: -133...
Nasdaq: -39... S&P: -15.08...
NYSE Vol: 1.3 bln.. Adv: 1248.. Dec: 2000
Nasdaq Vol: 1.4 bln.. Adv: 879.. Dec: 2164
Moving the Market
Sector Watch
10-yr note +11/32 yielding 4.24% Mixed batch of earnings/guidance; consolidation following biggest one-day rally in two years
Strong: energy, utility
Weak: tech, consumer discretionary, industrials, hardware, semi, airline, retail, materials, consumer staples
15:30 ET
Dow -133, Nasdaq -39, S&P -15.08
[BRIEFING.COM] More of the same as broad-based weakness continues to pressure equities and the Nasdaq continues to outpace its blue chip counterparts to the downside... Accounting for much of the weakness in the sector has been Hardware (-3.1%), taking a bearish cue from a sell-off in shares of Apple Computer (AAPL 35.06 -2.12), which has been under pressure following weakness in several iPod component makers, such as CREAF (-15.5%), SGTL (-12.4%), STX (-4.0%) and SYNA (-14.1%)... SYNA has guided Q4 EPS below consensus while CREAF's earnings report has raised concerns about digital player market growth... ..NYSE Adv/Dec 1248/2000. ..NASDAQ Adv/Dec 879/2164.
15:00 ET
Dow -75, Nasdaq -28, S&P -7.88
[BRIEFING.COM] Selling remains the name of the game, as the indices continue to slide heading into the final hour of trading... The failure of buyers stepping in to support yesterday's strong performance has triggered follow through selling pressure in stocks, as the major indices have also failed to find support at key technical levels... Adding insult to injury have been reports that N. Korea may be preparing for a nuclear-weapons test that could come with little or no warning... ..NYSE Adv/Dec 1283/1941. ..NASDAQ Adv/Dec 949/2075.
14:30 ET
Dow -40, Nasdaq -22, S&P -4.61
[BRIEFING.COM] Bearish tone persists as the indices extend their reach into negative territory... Intensified selling interest within the last 15 minutes has sent the market to new session lows, as profit taking across most areas, a lack of sector leadership to the upside and the dwindling desire to own stocks over the weekend continue to diminish sentiment... ..NYSE Adv/Dec 1435/1764. ..NASDAQ Adv/Dec 1036/1960.
14:00 ET
Dow -13, Nasdaq -16, S&P -1.80
[BRIEFING.COM] Market shows resilience at current levels, even as oil prices hit session highs... While a 3.0% surge in crude oil futures ($55.80/bbl +$1.60) is surely bearish for stocks - as higher oil prices constrain discretionary spending - it appears investors remain comfortable with the commodity trading at these levels... After all, while oil prices have surged more than 8.0% since Monday, the major indices over that same time frame have still averaged gains of 1.4%... ..NYSE Adv/Dec 1432/1735. ..NASDAQ Adv/Dec 1048/1920.
13:30 ET
Dow -22, Nasdaq -19, S&P -2.63
[BRIEFING.COM] Sellers remain in control of the action as the Nasdaq Composite continues to pace the way to the downside... Shares of NASDAQ (NDAQ 12.19 +1.54), however, have surged more than 14% after recently confirming that it will acquire Instinet Group (INGP 5.84 +0.14) for roughly $935 mln... Instinet will receive an additional $208 mln from Silver Lake Partners for Instinet's Institutional Broker division... Just yesterday, the Composite's blue chip counterpart - the NYSE - confirmed it will merge with Archipelago Holdings (AX 28.85 -1.11) in a deal valued at about $3.0 bln... ..NYSE Adv/Dec 1401/1768. ..NASDAQ Adv/Dec 1050/1891.
13:00 ET
Dow -15, Nasdaq -18, S&P -1.88
[BRIEFING.COM] Renewed buying interest in blue chips halves recent losses, but the Dow remains underwater... Pacing the way lower on the Dow has been AIG (AIG 50.83 -1.07), amid steps to improve corporate governance that appear to have merely reminded investors that accounting problems may have cut its net worth by as much as $1.77 bln... Wal-Mart (WMT 47.04 -0.74) has also sold off following Costco's warning while Boeing (BA 58.08 -1.00) has been weak amid news that rival EADS (Airbus' parent) could take a significant share of the market by selling 150 military re-fuelling planes over 10 years... General Motors (GM 26.66 +0.65), however, has traded higher as U.S. corporate bonds post their first weekly gain while McDonald's (MCD 30.41 +0.56) - the only Dow component failing to take part in yesterday's rally - has been strong after AG Edwards upgraded the stock citing valuation... ..NYSE Adv/Dec 1368/1761. ..NASDAQ Adv/Dec 997/1917.
12:30 ET
Dow -34, Nasdaq -20, S&P -3.58
[BRIEFING.COM] Range-bound trading persists, but a widespread negative tone continues to weigh on the proceedings... While Technology (-1.1%) has been the worst performing economic sector, Consumer Discretionary (-1.0%) hasn't been too far behind, as Retail has lost 1.5%... Costco Wholesale (COST 39.96 -4.06) warning that Q3 and Q4 earnings will miss Street estimates, principally from gross margin erosion and high gasoline prices, has contributed to most of the selling pressure... Shares of Office Depot (ODP 20.43 -0.96), which missed analysts' forecasts yesterday amid flat earnings growth, have also tumbled... ..NYSE Adv/Dec 1214/1888. ..NASDAQ Adv/Dec 903/2004.
12:00 ET
Dow -29, Nasdaq -19, S&P -3.06
[BRIEFING.COM] Market remains under pressure midday as a mixed batch of earnings/guidance on the heels of yesterday's broad-based rally prompts widespread profit taking... While there haven't been nearly as many companies reporting their results today as there have been all week, the absence of market-moving economic news has placed even more emphasis on quarterly reports... Google (GOOG 215.78 +11.56) had an excellent report, coupled with better than expected earnings from Halliburton (HAL 44.15 +0.82) and International Paper (IP 34.41 +0.11), but disappointments from blue chips Maytag (MYG 11.11 -3.99) and Eastman Kodak (EK 26.66 -3.74), as well as downside guidance from Costco (COST 41.01 -3.01), have so far spoiled any chance of follow through on the part of buyers... As a result, seven of ten economic sectors have traded in negative territory... Pacing the way to the downside has been Technology (-1.0%), led lower by a 2.0% drubbing in the Hardware group and a downgrade on Yahoo (YHOO 34.61 -1.26)... Weakness in Semiconductor has also weighed on the sector, as strong earnings from BRCM and LSCC have been unable to counter poor reports from XLNX and VTSS... Financial, Consumer Staples and Consumer Discretionary have also lost ground while the Materials sector (-0.2%) has been weak but losses have been minimized by dollar weakness coupled with strength in Gold and gains in Diversified Metals... Energy (+1.4%), however, has been strong, as oil prices have risen for the fourth consecutive session... Crude oil futures ($55.63/bbl +$1.43) have climbed back above $55/bbl amid concerns that increasing demand for gasoline may put a strain on refineries... Telecom Services has held onto modest gains after Qwest (Q 3.67 +0.06) provided MCI (MCIP 26.70 +0.20) directors with its "best and final'' $9.7 bln bid while Utility has benefited from falling bond yields... Treasurys have rebounded somewhat, following yesterday's stock rally induced sell-off, as the 10-year note (+6/32) now yields 4.26%... ..DJTA -1.4%. ..DJUA +0.2%. ..SOX -0.9%. ..DOT -0.7%. ..XOI +1.3%. ..Nasdaq 100 -1.4%. ..S&P Midcap 400 -0.5%. ..Russell 2000 -1.1%. ..NYSE Adv/Dec 1247/1794. ..NASDAQ Adv/Dec 838/1996.
11:30 ET
Dow -7, Nasdaq -15, S&P -1.33
[BRIEFING.COM] Stocks continue to improve their stance somewhat, but market internals still suggest a negative tone to trading... Decliners on the NYSE hold a 17 to 12 advantage over advancers while declining issues on the Nasdaq hold a more than 2 to 1 edge over advancing issues... The ratio of down to up volumes, however, suggests an even more bearish bias, as down volume on the Composite outpaces up volume by an almost 3 to 1 margin... With regards to key technical levels, both the Dow and S&P have found initial support above levels of 10200 and 1157, respectively, but the Nasdaq has failed to find support near the 1954 mark amid selling pressure across every area of technology... ..NYSE Adv/Dec 1234/1752. ..NASDAQ Adv/Dec 800/1943.
11:00 ET
Dow -10, Nasdaq -17, S&P -2.54
[BRIEFING.COM] Blue chip indices back off their lows but still struggle to find much upside traction... While a slew of excellent earnings and the absence of bearish economic news lit a fire under equities yesterday, today's mixed batch of reports and the lack of enough major names to make a statement, continue to weigh on sentiment... Sure, Google (GOOG 218.59 +14.37) reported a nearly six-fold increase in Q1 profits on revenues of $1.26 bln - almost double what was reported a year ago - last night, but of the only 8 S&P components out with results this morning, 4 companies have missed analysts' expectations compared to just 3 upside surprises... ..NYSE Adv/Dec 1268/1645. ..NASDAQ Adv/Dec 835/1847.
10:30 ET
Dow -30, Nasdaq -16, S&P -3.89
[BRIEFING.COM] Little changed since the last update as the major averages continue to languish near session lows... Treasurys, however, have caught a bid, recovering some of the ground lost following yesterday's stock rally induced sell-off... Even though a lack of economic data has prevented bonds from moving more aggressive in either direction, bargain hunting has helped the benchmark 10-year note (+8/32), which now yields 4.26%, hold onto modest gains... ..NYSE Adv/Dec 1178/1605. ..NASDAQ Adv/Dec 849/1696.
10:00 ET
Dow -31, Nasdaq -14, S&P -3.73
[BRIEFING.COM] Equities still on the defensive as eight of ten economic sectors remain negative... Pacing the way lower has been Technology (-0.8%), amid widespread consolidation in the wake of the Nasdaq's strong 2.5% performance... Consumer Discretionary (-0.7%) has also been weak, assisted lower by Costco's (COST 39.96 -4.06) downside guidance as well as a worse than expected quarter from Maytag (MYG 11.50 -3.60)... Utility, however, has eked out a modest gain, benefiting from a modest recovery in the bond market, while Energy has inched into positive territory amid rising oil prices and a strong quarter from Halliburton (HAL 43.89 +0.56)... ..NYSE Adv/Dec 957/1517. ..NASDAQ Adv/Dec 787/1496.
09:40 ET
Dow -34, Nasdaq -11, S&P -3.65
[BRIEFING.COM] Stocks open on a downbeat note, in line with futures indications, as a breather by the bulls after Thursday's broad-based rally leaves the door open for modest selling pressure... Profit taking following yesterday's strong performance and heading into the weekend has arguably contributed to the lack of follow through on the part of buyers... A reversal in sentiment has also been attributed to a mixed batch of earnings and guidance that has been less optimistic than the slew of better than expected reports investors have sifted through over the last several sessions... ..NYSE Adv/Dec /. ..NASDAQ Adv/Dec /.
09:15 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -2.0. Nasdaq futures vs fair value: -8.5.
09:00 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -1.9. Nasdaq futures vs fair value: -9.0. Negative bias persists in pre-market action, as futures indications continue to trade below fair value... Companies in focus this morning following some notable ratings changes include downgrades on YHOO, UPS, LLY, KRB, BUD, LEA, XLNX and AFFX while MCD, BLS, ERICY, AFL, IP, DHR, FCX and FSL have been upgraded
08:30 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -2.7. Nasdaq futures vs fair value: -9.0. Still shaping up to be a lower open for the indices, as the absence of notable economic data this morning places even more emphasis on earnings and guidance that have not been as encouraging as the reports in recent days... On a more positive note, reports suggest that a group led by Nasdaq may acquire Instinet (INGP) for about $1.8 bln while Qwest (Q) has provided MCI (MCIP) directors with its "best and final'' bid of $30 a share
08:00 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -3.2. Nasdaq futures vs fair value: -9.5. Futures market suggesting a lower open for the cash market amid possible consolidation following the largest one-day stock rally in nearly two years... Investors are also weighing a surge in oil prices against a mixed batch of earnings reports... Crude oil futures have climbed back toward $55/bbl amid concerns that increasing gasoline demand may put a strain on refineries while EPS warnings from Costco (COST) have arguably diverted some attention from Google's (GOOG) excellent Q1 report
06:24 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -4.2. Nasdaq futures vs fair value: -10.0.
06:24 ET
Market is Closed
[BRIEFING.COM] FTSE...4843.00...+23.40...+0.5%. DAX...4223.51...+29.81...+0.7%.
06:24 ET
Market is Closed
[BRIEFING.COM] Nikkei...11045.95...+61.56...+0.6%. Hang Seng...13693.55...+96.24...+0.7%.
16:20 ET
Dow +206.24 at 10218.60, Nasdaq +48.65 at 1962.41, S&P +22.45 at 1159.95
[BRIEFING.COM] Robust earnings, optimistic economic data and promising M&A deals charged up the bulls, as huge gains across the board erased Wednesday's weakness and lifted each of the major indices at least 2.0%... Better than expected Q1 earnings from the majority S&P companies out with results today (28 of 42) was the driving force behind today's broad-based rally... In addition to upbeat Q1 reports from Nokia (NOK 16.38 +1.04), Motorola (MOT 15.90 +0.97) and eBay (EBAY 32.96 -0.15) last night, strong reports from a multitude of blue chips this morning - from Merck (MRK 34.34 +0.27) to Marriott (MAR 63.35 +1.15) - further alleviated concerns that profit growth is not slowing... The notion that the market may be oversold, as the major averages have averaged an 8.4% loss so far in 2005, also created bargain hunting opportunities as the Dow bounced off the psychological 10,000 level and soared more than 175 points for the first time since Nov. 4, 2004... Uplifting economic data also helped underpin a bullish bias and diminish recent indications of economic softness... Initial claims fell 36K to 296K (consensus 329K) - the largest decline in more than three years - during a key week in which the April employment survey was conducted... A stronger than expected jump in the April Philadelphia Fed's index, to 25.3 (consensus 10.0) - the highest level since December - countered the recent plunge in the April NY manufacturing index and also raised doubts about whether economic growth has actually slowed as much as the market has recently thought... Meanwhile, a $17.6 bln cash and stock deal for bankrupt Adelphia, a $14.2 bln buyout of Allied Domecq (AED 50.93 +0.81) and the $3.5 bln merger between the NYSE and Archipelago (AX 27.15 +8.39) - which will take the Big Board public - also contributed to an improved sentiment that closed all 10 economic sectors in positive territory... Energy paced the way higher, helped in part by a rebound in oil prices, while Industrials and Consumer Discretionary also surged more than 2.0%... While crude oil futures ($54.20/bbl +$0.17) were under pressure most of the day, amid reports that OPEC will increase oil production capacity, the commodity closed modestly higher amid news that militants attacked a security checkpoint in Mecca, Saudi Arabia... Technology (+3.2%) was strong across the board, as gains in excess of 2.0% in everything from Semiconductor to Software helped the Nasdaq soar 2.5% -- the Composite's best one-day gain since Dec. 1, 2004... Transportation (+3.5%) also soared - recording its best performance in nearly two years - aided by stronger than expected earnings from United Parcel Service (UPS 70.61 +3.35) and Union Pacific (UNP 64.92 +1.59) as well as bargain hunting in air carriers Northwest Airlines (NWAC 5.94 +0.54) and Delta Air Lines (DAL 3.90 +0.25), even though both posted wider than expected losses... Health Care (+1.4%) was also strong, taking full advantage of strong Q1 earnings from the likes of ABC, GDT, ROH and BAX... Financial - the most influential of the 10 economic sectors - was the worst performer, in the face of rising bond yields as well as a 94% drop in Q1 profits and FY05 EPS warning from MBNA (KRB 19.28 -3.83), but still managed a solid gain... Treasurys, however, were weak all day long, as the benchmark 10-year note finished near session lows, down 29 ticks to yield 4.30%... Bonds initially lost ground after weekly jobless claims plunged to a 10-week low, but they fell even further following an unexpected jump in Philly Fed... Fed Chief Greenspan testified before the Senate Banking Committee on deficits and budget reform, but his comments had almost no impact on the bond market... Separately, Mar. leading indicators fell 0.4% - its seventh decline over the last 10 months - but as a lagging indicator providing a very false read on the strong economic momentum, the data have had little impact on market activity... ..DJTA +3.5%. ..DJUA +1.3%. ..SOX +2.8%. ..DOT +3.4%. ..XOI +2.3%. ..BTK +1.1%. ..Nasdaq 100 +2.9%. ..S&P Midcap 400 +1.8%. ..Russell 2000 +2.4%. ..NYSE Adv/Dec 2416/881. ..NASDAQ Adv/Dec 2219/845.
Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond and world FX market participants. 1-800-752-3013 or http://www.briefing.com
Copyright (C) 2005 Briefing.com, Inc. All rights reserved.
04/22/2005 03:10:23 PM
StreetInsider Alert for HWG
Apr 22, 2005 (streetinsider.com via COMTEX) --The Hallwood Group Incorporated (Amex: HWG) said it will pay a cash distribution in partial liquidation in the amount of $37.70 per share, totaling approximately $56.8 million, payable on or about May 27, 2005, to stockholders of record as of May 20, 2005. The distribution is in partial liquidation of the Company as a result of the Company's disposition of its real estate interests and partnership units relating to Hallwood Realty Partners, L.P. on July 16, 2004 and determination to discontinue the Company's real estate activities. In connection with the plan of partial liquidation, the board of directors may again review the cash position of the Company at any time through December 31, 2005 and determine to distribute additional liquidating distributions not to exceed (together with the current distribution) the approximately $66,119,000 received in the disposition of the Hallwood Realty Partners' interests. Anthony J. Gumbiner, the Company's Chairman and Chief Executive Officer, and Charles A. Crocco, Jr. and J. Thomas Talbot, directors of the Company, have each informed the Company of their intention to exercise all the options they hold to purchase a total of 180,000 shares of the Company's common stock prior to the Record Date.
04/22/2005 02:40:19 PM
StreetInsider Alert for CPN
Apr 22, 2005 (streetinsider.com via COMTEX) --UPDATE: Calpine Corporation (NYSE: CPN) responds to trading pressure on the company's equity and bonds as a result of today's false market rumors: "While it is not Calpine's policy to respond to market rumors, we feel compelled to comment today to assure the marketplace that these rumors are false. Calpine remains in compliance with its corporate and project indentures. Further, the company assures the market that it has no plans to file for bankruptcy."
04/22/2005 02:40:18 PM
StreetInsider Alert for CSS
Apr 22, 2005 (streetinsider.com via COMTEX) --CSS Industries, Inc. (NYSE: CSS) declared a quarterly dividend of $0.12per share on its outstanding shares of Common Stock. This dividend will be payable on June 15, 2005 to stockholders of record at the close of business on June 1, 2005. This dividend rate reflects an increase of 20% from the prior rate of ten cents a share.
04/22/2005 01:35:47 PM
StreetInsider Alert for HYGS
Apr 22, 2005 (streetinsider.com via COMTEX) --This afternoon, Prince Edward Island Premier Pat Binns and Randall MacEwen, Vice President, Corporate Development of Hydrogenics Corporation (Nasdaq: HYGS), announced that Hydrogenics and Prince Edward Island Energy Corporation will lead a consortium of industry and government partners to develop Canada's first wind-hydrogen village demonstration - the Prince Edward Island Wind-Hydrogen Village Project
04/22/2005 01:25:22 PM
StreetInsider Alert for DJ:INDU
Apr 22, 2005 (streetinsider.com via COMTEX) --04/22: Streeeindsider.com's Unusual 11 Afternoon Movers:
Harmonic Inc (Nasdaq: HLIT) 30.88% LOWER; reported Q1 EPS lower.
Maytag (NYSE: MYG) 29.80% LOWER; reported disappointing Q1 earnings. S&P cut debt rating.
Catapult Communications Corp (Nasdaq: CATT) 26.60% LOWER; guided Q3 lower.
Tessera Technologies (Nasdaq: TSRA) 18.13% LOWER; warned for Q2 and FY05.
MFRI, Inc. (NASDAQ: MFRI) 17.95% HIGHER; Q4 revenues rose 30% and net income rose $0.16 per share from the prior year's fourth quarter.
Smith Micro Software Inc. (Nasdaq: SMSI) 17.17% HIGHER; signed an agreement with Nokia (NYSE: NOK) which made the Company's QuickLink Mobile data connectivity software available for many of Nokia's most current CDMA handsets.
DeVry Inc (NYSE: DV) 14.73% HIGHER; reported impressive Q3 results.
Nasdaq Stock Market (Nasdaq: NDAQ) 14.55% HIGHER; strong earnings and will buy Instinet Group Inc. (Nasdaq: INGP) for $1.878 billion in cash.
Eastman Kodak (NYSE: EK) 11.48% LOWER; weak Q1 results and S&P cut senior debt rating to 'junk' status.
Millipore Corp (NYSE: MIL) 10.96% HIGHER; reported impressive Q1 results.
Lear Corp (NYSE: LEA) 8.74% LOWER; reported a dissapointing Q1 results and guided lower for Q2 earnings.
04/22/2005 01:10:11 PM
StreetInsider Alert for INGP
Apr 22, 2005 (streetinsider.com via COMTEX) --UPDATE: As rumored, Nasdaq Stock Market (Nasdaq: NDAQ) will buy Instinet Group Inc. (Nasdaq: INGP) for $1.878 billion in cash.
04/22/2005 11:00:16 AM
StreetInsider Alert for D
Apr 22, 2005 (streetinsider.com via COMTEX) --Thos. E. Capps, chairman of the board and chief executive officer of Dominion (NYSE: D), announced that he plans to relinquish his CEO title within one year. Capps designated Thomas F. Farrell II, president and chief operating officer, as his successor.
04/22/2005 10:50:22 AM
StreetInsider Alert for PACT
Apr 22, 2005 (streetinsider.com via COMTEX) --PacificNet Inc. (Nasdaq: PACT) announced that its PacificNet Epro subsidiary has been selected by Ping An Insurance ("Ping An"), the second largest life insurance company in China, to provide CRM consulting and call center training services to Ping An's main customer service center located in Suzhou with 300 seats and 500 customer service representatives.
~~~ Don't Trade Alone ~~~ [ ALT + BACK ARROW ] to Return
DJ:INDU ( SMSI CATT HLIT MFRI MYG MIL LEA GOOG ) CPSI CCUR (To Earlier Below)
04/22/2005 10:40:25 AM
StreetInsider Alert for DJ:INDU
Apr 22, 2005 (streetinsider.com via COMTEX) --04/22: Streeeindsider.com's Unusual 8 Morning Movers:
Smith Micro Software Inc. (Nasdaq: SMSI) 29.43% HIGHER; signed an agreement with Nokia (NYSE: NOK) which made the Company's QuickLink Mobile data connectivity software available for many of Nokia's most current CDMA handsets in the United States and abroad.
Catapult Communications Corp (Nasdaq: CATT) 27.20% LOWER; guided Q3 below the consensus. In addition, J.P. Morgan downgraded the stock.
Harmonic Inc (Nasdaq: HLIT) 27.14% LOWER; reported Q1 EPS 4 cents worse than estimates.
MFRI, Inc. (NASDAQ: MFRI) 26.60% HIGHER; Q4 revenues rose 30% and net income was $0.03 per share, versus a loss of $0.13 per share in the prior year's fourth quarter.
Maytag (NYSE: MYG) 25.43% LOWER; reported disappointing Q1 earnings.
Millipore Corp (NYSE: MIL) 14.08% HIGHER; reported impressive Q1 results.
Lear Corp (NYSE: LEA) 10.23% LOWER; reported a Q1 loss 6 cents worse than estimates and guided lower for Q2 earnings. In addition, Banc of America downgraded the stock.
Google Inc (Nasdaq: GOOG) 7.11% HIGHER; reported 'blow-out' Q1 results. In addition, a number of analysts raised their price targets on the Company.
04/22/2005 10:25:19 AM
StreetInsider Alert for CPSI
Apr 22, 2005 (streetinsider.com via COMTEX) --Computer Programs and Systems, Inc. (NASDAQ: CPSI) is 13% higher after the company reported Q1 earnings of $0.31 per share and revenue of $26.4 million, higher than the consensus of $0.25 and $23.15 million.
Avondale Partners upgraded the stock to 'outperform' and raised their target on the stock to $32 this moring, calling the results 'blow-out' numbers.
04/22/2005 09:40:07 AM
StreetInsider Alert for CCUR
Apr 22, 2005 (streetinsider.com via COMTEX) --Concurrent Computer Corp (Nasdaq: CCUR) reports Q3 earnings of $0.01 per share, 2 cents better than estimates. Revenues came in at $19.8 million versus the consensus of $20.74 million.
~~~ Guidance For Trades ~~~ [ ALT + BACK ARROW ] to Return
GOOG AMX TQNT SYNC AF CSAR FMER PRX SLXA NCC UPS PII CMLS TCO TRLG ILE PLMD CRNT DRAD ANDS FSL LEA ERICY OSTK IFLO SWIR CAM AMG CNT ARLP AVNC MXT ULBI IGT CHKP SI DDR ATI DHR AVB AFL ETM AH MCD FAST FO IP GOOG RJET ARBA MSCC NE DNEX LEA BEBE POWI DV XLNX DCLK CCU CATT STLD VCI BHE BUD MCIP GSF YHOO LSCC CHRT XJT MYG COST
04/22/2005 09:25:18 AM
StreetInsider Alert for GOOG
Apr 22, 2005 (streetinsider.com via COMTEX) --Pacific Crest raises its price target on Google Inc (Nasdaq: GOOG) from $250 to $330 per share, citing potential for international growth. NOTE - This may be the highest target on the street.
04/22/2005 09:25:17 AM
StreetInsider Alert for AMX
Apr 22, 2005 (streetinsider.com via COMTEX) --Fulcrum Global Partners initiated coverage on America Movil ADS (NYSE: AMX) with a Buy rating; $73.00 price target. According to the firm, penetration in Latin America is between 10%-36%, which they believe is an inflexion point for faster subscriber growth, and presents a sizable opportunity for AMX, the primary operator in the region.
04/22/2005 09:25:16 AM
StreetInsider Alert for TQNT
Apr 22, 2005 (streetinsider.com via COMTEX) --Wells Fargo downgraded Triquint Semiconductor, Inc. (Nasdaq: TQNT) from Buy to Hold. The firm is lowering their recommendation on the stock based on TQNT's lower growth in revenue and the slower handset growth market in 2005.
04/22/2005 09:25:06 AM
StreetInsider Alert for SYNC
Apr 22, 2005 (streetinsider.com via COMTEX) --This morning, Intellisync Corporation (Nasdaq: SYNC) announced a licensing agreement with Qool Labs. Through the agreement, Intellisync software will be bundled with a new Palm OS-based smartphone developed by Qool Labs -- the QDA700 -- enabling synchronization of calendar, contacts, tasks and notes between QDA700 and the Microsoft Outlook and Palm Desktop software applications.
______
04/22/2005 09:20:18 AM
StreetInsider Alert for AF
Apr 22, 2005 (streetinsider.com via COMTEX) --Moors & Cabot upgraded Astoria Financial Corporation (NYSE: AF) from Sell to Hold; target price increased from $24.00 to $25.00. The firm based their upgrade on Astoria's Q1 results.
04/22/2005 09:20:07 AM
StreetInsider Alert for CSAR
Apr 22, 2005 (streetinsider.com via COMTEX) --Credit Suisse First Boston downgraded Caraustar Industries, Inc. (Nasdaq: CSAR) from Outperform to Neutral. Target price decreased from $19.00 to $12.00. The firm believes an equity offering will solve the problems of the company. They are lowering their 2005 estimate to 73c from $1.38 and 2006 estimate to $1.20 from $1.75.
______
04/22/2005 09:10:19 AM
StreetInsider Alert for FMER
Apr 22, 2005 (streetinsider.com via COMTEX) --KeyBanc downgraded FirstMerit Corporation (Nasdaq: FMER) from Buy to Hold. The firm based their downgrade on estimate revisions, which primarily reflect incremental margin pressure due to the competitive environment and a lower fee income growth assumption. In addition, their margin assumption went from 3.80% to 3.73%.
04/22/2005 09:10:18 AM
StreetInsider Alert for PRX
Apr 22, 2005 (streetinsider.com via COMTEX) --Par Pharmaceutical Companies, Inc. (NYSE: PRX) announced that its wholly-owned subsidiary, Kali Laboratories, Inc., has received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for tramadol hydrochloride (HCl) and acetaminophen tablets. Kali has been awarded 180 days of marketing exclusivity, commencing at launch, for being the first to file an ANDA containing a paragraph IV certification for the product. Ortho-McNeil Pharmaceutical, Inc. currently markets 37.5 mg tramadol HCl/325 mg acetaminophen tablets under the brand name Ultracet. The product is indicated for the short-term (five days or less) management of acute pain and has annual U.S. sales of approximately $350 million.
04/22/2005 09:05:20 AM
StreetInsider Alert for SLXA
Apr 22, 2005 (streetinsider.com via COMTEX) --Solexa, Inc. (Nasdaq: SLXA) announced that it has entered into a definitive agreement for a $32.5 million private sale of common stock and warrants for the purchase of common stock with a group of leading institutional investors in the health care sector. The transaction is led by ValueAct Capital. Solexa also announced that G. Mason Morfit, CFA, a partner of ValueAct Capital, has been appointed to its board of directors, bringing board membership to eight.
Under terms of the financing, Solexa will sell approximately 8.1 million shares of common stock at $4.00 per share and will issue warrants to purchase approximately 4.1 million shares of common stock at an exercise price of $5.00 per share.
______
04/22/2005 08:55:16 AM
StreetInsider Alert for NCC
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgrades National City Corporation (NYSE: NCC) from 'sell' to 'neutral', citing valuation.
04/22/2005 08:55:16 AM
StreetInsider Alert for UPS
Apr 22, 2005 (streetinsider.com via COMTEX) --Bear Stearns downgraded United Parcel Service Inc CL B (NYSE: UPS) from Outperform to Peer Perform. The firm is lowering their outlook on the stock based on UPS' Q1 results, and expect its valuation to continue to gradually contract closer to that of FDX, if it continues to lose domestic mkt share.
04/22/2005 08:55:15 AM
StreetInsider Alert for PII
Apr 22, 2005 (streetinsider.com via COMTEX) --IRG Research initiated coverage on Polaris Industries Partners L.P. (NYSE: PII) with a Buy rating; $64.00 price target. The firm believes catalysts are: ATV growth approaching 20%, new product development, and Spring/Summer key retail season.
04/22/2005 08:55:13 AM
StreetInsider Alert for CMLS
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgraded Cumulus Media Inc (Nasdaq: CMLS) from Market Perform to Outperform. The firm based their upgrade on valuation and improving metrics, including trending up ad rates, earlier inventory sellout, and widening inventory discipline.
04/22/2005 08:50:15 AM
StreetInsider Alert for TCO
Apr 22, 2005 (streetinsider.com via COMTEX) --Deutsche Bank upgraded Taubman Centers, Inc. (NYSE: TCO) from Hold to Buy; target price increased from$30.00 to $33.00. In the firm's opinion, improving operations and its pipeline of potential development deliveries should contribute to above average earnings growth.
04/22/2005 08:50:14 AM
StreetInsider Alert for TRLG
Apr 22, 2005 (streetinsider.com via COMTEX) --BB&T Capital Markets initiated coverage on True Religion Apparel, Inc (OTCBB: TRLG) with a Buy rating; $17.00 price target. The firm notes that TRLG has applied for a listing on NASDAQ which, along with the adding of outside board members, should lighten up corporate governance concerns.
04/22/2005 08:50:14 AM
StreetInsider Alert for ILE
Apr 22, 2005 (streetinsider.com via COMTEX) --UBS Securities upgraded Isolagen Inc (AMEX: ILE) from Neutral to Buy; $8.00 price target. The firm is upgrading Isolagen as they see a compelling buying opportunity and risk/reward.
______
04/22/2005 08:45:20 AM
StreetInsider Alert for PLMD
Apr 22, 2005 (streetinsider.com via COMTEX) --Pacific Growth initiated coverage on Polymedica Corporation (Nasdaq: PLMD) with an Overweight rating. In the firm's opinion, the shares could trade into the $40-$45 range as management begins to use proceeds from recently secured credit facility.
04/22/2005 08:45:20 AM
StreetInsider Alert for CRNT
Apr 22, 2005 (streetinsider.com via COMTEX) --Ferris Baker downgraded Ceragon Networks Ltd. (Nasdaq: CRNT) from Buy to Hold. The firm lowered their rating due to incremental concern over competition.
04/22/2005 08:45:08 AM
StreetInsider Alert for DRAD
Apr 22, 2005 (streetinsider.com via COMTEX) --William Blair downgraded Digirad Corporation (Nasdaq: DRAD) from Outperform to Market Perform. The firm's downgrade follows CEO resignation apparently as a result of an internal investigation into the revenue recognition of a single camera sale in first quarter 2004.
04/22/2005 08:45:07 AM
StreetInsider Alert for ANDS
Apr 22, 2005 (streetinsider.com via COMTEX) --Anadys Pharmaceuticals, Inc. (Nasdaq: ANDS) filed a shelf registration statement with the SEC that, upon being declared effective, will allow Anadys to offer and sell from time to time up to $75 million of its common stock.
______
04/22/2005 08:35:15 AM
StreetInsider Alert for FSL
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Freescale Semiconductor Inc (NYSE: FSL) from Neutral to Buy; $22.00 price target. According to the firm, management is executing on its margin improvement strategy and expects continued expansion throughout 2005.
04/22/2005 08:35:15 AM
StreetInsider Alert for LEA
Apr 22, 2005 (streetinsider.com via COMTEX) --Banc of America downgraded Lear Corporation (NYSE: LEA) from Buy to Sell; $32.00 price target. The firm believes LEA margins outperformed in 2002-2004 due solely on the high reliance on Big 3 large trucks. They now expect LEA's earnings power to be closer to $3.00 then $6.00. In addition, they are lowering their 2005 and 2006 EPS to $2.60 and $3.00 from $4.20 and $4.65, respectively.
04/22/2005 08:35:14 AM
StreetInsider Alert for ERICY
Apr 22, 2005 (streetinsider.com via COMTEX) --Prudential Securities upgraded LM Ericsson Telephone Co (Nasdaq: ERICY) from Underweight to Overweight; target price increased from $25.00 to $37.00. The firm believes the GSM slowdown is already reflected in 1H05 estimates and the company could benefit from a WCDMA uptick in 2H05.
______
04/22/2005 08:30:10 AM
StreetInsider Alert for OSTK
Apr 22, 2005 (streetinsider.com via COMTEX) --Overstock.com (Nasdaq: OSTK) is 10% lower in pre-open action after the company reported a Q1 loss of $0.21 per share, which may not be comprable to the consensus of a $0.12 loss. Revenues came in at $165.9 million versus the consensus of $142.4 million. Analysts are also citing increasing costs.
04/22/2005 08:30:09 AM
StreetInsider Alert for IFLO
Apr 22, 2005 (streetinsider.com via COMTEX) --Jefferies Group initiated coverage on I-Flow Corporation (Nasdaq: IFLO) with a Buy rating; $20.00 price target. The firm is initiating with a $20 target as their flagship product enters a $2B-$3B market with 3% penetration.
04/22/2005 08:30:09 AM
StreetInsider Alert for SWIR
Apr 22, 2005 (streetinsider.com via COMTEX) --RBC Capital Markets upgraded Sierra Wireless, Incorporated (Nasdaq: SWIR) from Underperform to Sector Perform; $9.00 price target. The firm sees limited downside risk at current levels given expected recovery in PC cards in the second half of 2005.
04/22/2005 08:25:08 AM
StreetInsider Alert for CAM
Apr 22, 2005 (streetinsider.com via COMTEX) --Susquehanna upgraded Cooper Cameron Corporation (NYSE: CAM) from Continued Net Neutral to Net Positive. The firm is upgrading CAM as they believe the company is best positioned to capitalize on a expected increase in new subsea equipment orders.
______
04/22/2005 08:20:10 AM
StreetInsider Alert for AMG
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Affiliated Managers Group Inc (NYSE: AMG) from Neutral to Sell. The firm based their upgrade on accelerating net flows reported by Strategic Insight. In addition, they believe organic growth may not lag going forward.
04/22/2005 08:20:10 AM
StreetInsider Alert for CNT
Apr 22, 2005 (streetinsider.com via COMTEX) --Deutsche Bank downgraded Centerpoint Properties Trust SBI (NYSE: CNT) from Buy to Hold; target price decreased from $52.00 to $32.00. The firm thinks CNT's rate of asset turnover is nearing a plateau and believe as the turnover pace is reaching 25%, and noted velocity will stall around these levels thus limiting its ability to grow its earnings, as defined by the company.
04/22/2005 08:20:09 AM
StreetInsider Alert for ARLP
Apr 22, 2005 (streetinsider.com via COMTEX) --Smith Barney initiated coverage on Alliance Resource Partners LP (Nasdaq: ARLP) with a Buy rating; $84.50 price target. The firm believes ARLP offers an attractive total return.
04/22/2005 08:15:15 AM
StreetInsider Alert for AVNC
Apr 22, 2005 (streetinsider.com via COMTEX) --Advancis Pharmaceutical Corporation (Nasdaq: AVNC) completed enrollment ahead of schedule in the Company's pediatric Amoxicillin PULSYS Phase III clinical trial for the treatment of pharyngitis/tonsillitis due to Group A streptococcal infections. Advancis has informed all 77 investigator sites across the country that they may continue to enroll scheduled patients through close-of-business Monday, April 25, 2005.
04/22/2005 08:15:15 AM
StreetInsider Alert for MXT
Apr 22, 2005 (streetinsider.com via COMTEX) --Jefferies Group upgraded Metris Companies Inc. (NYSE: MXT) from Hold to Buy. The firm expects fundamentals to continue to improve. In addition, the firm believes MTX could be a takeover target due to increased competition and market saturation of the industry
04/22/2005 08:15:14 AM
StreetInsider Alert for ULBI
Apr 22, 2005 (streetinsider.com via COMTEX) --Ultralife Batteries, Inc., (NASDAQ: ULBI) was notified by the U.S. Department of Defense on April 21 that, following a formal review process, the protest filed by a U.S.-based battery assembly company claiming that its Next Gen II, Phase IV contract proposal was unfairly reviewed, has been denied by the Government.
Government reaffirms the company's win of the entire $286 million next gen II, Phase IV award.
04/22/2005 08:15:13 AM
StreetInsider Alert for IGT
Apr 22, 2005 (streetinsider.com via COMTEX) --Sterne, Agee & Leach upgraded International Game Technology (NYSE: IGT) from Hold to Buy. Jefferies Group downgraded the stock from Buy to Hold; $28.00 price target. The firm expected a large number of placements in new jurisdictions but guidance did not include any in Japan, Macau, or the UK. They noted that growth prospects have slipped.
04/22/2005 08:15:13 AM
StreetInsider Alert for CHKP
Apr 22, 2005 (streetinsider.com via COMTEX) --Stanford Group initiated coverage on Check Point Software Technologies Ltd. (Nasdaq: CHKP) with a Buy rating; $25.00 price target. The firm expect spending to remain better for the overall market and for new products to gain traction.
04/22/2005 08:10:16 AM
StreetInsider Alert for SI
Apr 22, 2005 (streetinsider.com via COMTEX) --Merrill Lynch upgraded Siemens AG ADS (NYSE: SI) from Neutral to Buy.
04/22/2005 08:10:06 AM
StreetInsider Alert for DDR
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney initiated coverage on Developers Diversified Realty Corporation (NYSE: DDR) with a Hold rating; $42.00 price target.
04/22/2005 08:10:05 AM
StreetInsider Alert for ATI
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Allegheny Technologies Incorporated (NYSE: ATI) from Hold to Buy; target price increased from $24.00 to $30.00. The firm's upgrade is based on strong earnings, exposure to late cycle growth markets, reasonable valuation, and others.
04/22/2005 08:05:17 AM
StreetInsider Alert for DHR
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded Danaher Corporation (NYSE: DHR) from Hold to Buy; target price increased from $60.00 to $61.00. The firm raised their rating due to valuation.
04/22/2005 08:05:17 AM
StreetInsider Alert for AVB
Apr 22, 2005 (streetinsider.com via COMTEX) --Salomon Smith Barney upgraded AvalonBay Communities (NYSE: AVB) from Sell to Hold; target price increased from $58.00 to $72.00. The firm cited accelerating growth as cause for their upgrade.
04/22/2005 08:05:12 AM
StreetInsider Alert for AFL
Apr 22, 2005 (streetinsider.com via COMTEX) --JP Morgan upgraded AFLAC Incorporated (NYSE: AFL) from Neutral to Overweight.
04/22/2005 08:01:10 AM
StreetInsider Alert for ETM
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgraded Entercom Communications Corporation (NYSE: ETM) from Market Perform to Outperform. In the firm's opinion, ETM should consistently and significantly outpace its peers as radio industry fundamentals are improving .
______
04/22/2005 08:01:08 AM
StreetInsider Alert for AH
Apr 22, 2005 (streetinsider.com via COMTEX) --Armor Holdings, Inc. (NYSE: AH) received a modification valued at $31.1 million to an existing contract to provide add-on-armor for various types of heavy trucks for the U.S. Army.
04/22/2005 08:01:07 AM
StreetInsider Alert for MCD
Apr 22, 2005 (streetinsider.com via COMTEX) --AG Edwards upgrades McDonald's (NYSE: MCD) from 'hold' to 'buy' with a $35 price target, citing valuation.
04/22/2005 08:01:06 AM
StreetInsider Alert for FAST
Apr 22, 2005 (streetinsider.com via COMTEX) --Fastenal Company (Nasdaq: FAST) said its board of directors has authorized purchases by the company of up to 380,000 shares of its common stock in transactions on THE NASDAQ or otherwise. Fastenal Company has approximately 76 million shares of common stock outstanding.
04/22/2005 08:01:06 AM
StreetInsider Alert for FO
Apr 22, 2005 (streetinsider.com via COMTEX) --Fortune Brands (NYSE: FO) reports Q1 earnings of $1.02 per share, 1 cent worse than estimates. Revenues came in at $1.79 billion versus the consensus of $1.82 billion.
04/22/2005 08:01:05 AM
StreetInsider Alert for IP
Apr 22, 2005 (streetinsider.com via COMTEX) --Intl Paper (NYSE: IP) reports Q1 earnings of $0.34 per share, 3 cents better than estimates. Revenues came in at $6.6 billion versus the consensus of $6.57 billion.
04/22/2005 08:01:04 AM
StreetInsider Alert for GOOG
Apr 22, 2005 (streetinsider.com via COMTEX) --CIBC downgrades Yahoo! (Nasdaq: YHOO) from 'outperform' to 'sector perform' and cuts their price target to $40, following Google's (Nasdaq: GOOG) strong report. Thinks money will shift out of YHOO and into GOOG.
04/22/2005 08:01:04 AM
StreetInsider Alert for RJET
Apr 22, 2005 (streetinsider.com via COMTEX) --Republic Airways (Nasdaq: RJET) reports Q1 earnings of $0.48 per share, 4 cents better than estimates. Revenues came in at $178.4 million versus the consensus of $169 million.
04/22/2005 08:00:50 AM
StreetInsider Alert for ARBA
Apr 22, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgrades Ariba Inc (Nasdaq: ARBA) from 'sector perform' to 'underperform'. The analyst believes demand is lackluster and will weigh on top line growth.
______
04/22/2005 08:00:49 AM
StreetInsider Alert for MSCC
Apr 22, 2005 (streetinsider.com via COMTEX) --Thomas Weisel initiates coverage on Microsemi (Nasdaq: MSCC) with an 'outperform' rating.
04/22/2005 08:00:48 AM
StreetInsider Alert for NE
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Noble Corp (NYSE: NE) from Neutral to Overweight on higher earnings outlook.
04/22/2005 08:00:48 AM
StreetInsider Alert for DNEX
Apr 22, 2005 (streetinsider.com via COMTEX) --Baird downgrades Dionex Corp (Nasdaq: DNEX) from 'outperform' to 'neutral' and cuts their price target from $60 to $43, after Q3 report.
04/22/2005 08:00:47 AM
StreetInsider Alert for LEA
Apr 22, 2005 (streetinsider.com via COMTEX) --Lear Corp (NYSE: LEA) reports a Q1 loss of $0.03 per share, 6 cents worse than estimates. Q1 revenues were $4.29 billion, in-line with estimates. LEA guides lower for Q2 earnings, but sees better than expected revenues.
04/22/2005 08:00:46 AM
StreetInsider Alert for BEBE
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia downgrades bebe stores (Nasdaq: BEBE) from 'outperform' to 'market perform', citing valuation. Valuation range of $33-$36 per share.
04/22/2005 08:00:45 AM
StreetInsider Alert for POWI
Apr 22, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Power Integrations (Nasdaq: POWI) from 'buy' to 'neutral', citing valuation.
04/22/2005 08:00:45 AM
StreetInsider Alert for DV
Apr 22, 2005 (streetinsider.com via COMTEX) --Credit Suisse FB upgrades DeVry (NYSE: DV) from Underperform to Neutral on positive Q3 results.
04/22/2005 08:00:44 AM
StreetInsider Alert for XLNX
Apr 22, 2005 (streetinsider.com via COMTEX) --First Albany downgrades Xilinx (Nasdaq: XLNX) from 'buy' to 'neutral' following Q4 report.
04/22/2005 08:00:44 AM
StreetInsider Alert for DCLK
Apr 22, 2005 (streetinsider.com via COMTEX) --Piper Jaffray upgrades DoubleClick (Nasdaq: DCLK) from Underperform to Market Perform on stronger growth outlook.
04/22/2005 08:00:43 AM
StreetInsider Alert for CCU
Apr 22, 2005 (streetinsider.com via COMTEX) --Wachovia Securities upgrades Clear Channel Communications (NYSE: CCU) from Market Perform to Outperform.
04/22/2005 08:00:42 AM
StreetInsider Alert for CATT
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan downgrades Catapult Communications (Nasdaq: CATT) from Overweight to Neutral after Q2 earnings report.
04/22/2005 08:00:42 AM
StreetInsider Alert for STLD
Apr 22, 2005 (streetinsider.com via COMTEX) --Soleil upgrades Steel Dynamics (Nasdaq: STLD) from Sell to Hold on valuation-Price target $40.
04/22/2005 08:00:40 AM
StreetInsider Alert for VCI
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Valassis Communications (NYSE: VCI) from Underweight to Neutral on positive business growth.
04/22/2005 08:00:40 AM
StreetInsider Alert for BHE
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades Benchmark Electronics (NYSE: BHE) from Neutral to Overweight on positive growth outlook.
04/22/2005 08:00:39 AM
StreetInsider Alert for BUD
Apr 22, 2005 (streetinsider.com via COMTEX) --UBS Securities downgrades Anheuser-Busch (NYSE: BUD) from Neutral to Reduce after recent run in stock price.
______* Refresh Your Browser *
04/22/2005 08:00:29 AM
StreetInsider Alert for MCIP
Apr 22, 2005 (streetinsider.com via COMTEX) --Qwest Communications (NYSE: Q) has raised its bid for MCI Corp (Nasdaq: MCIP) again to $9.7 billion in cash and stock.
04/22/2005 08:00:29 AM
StreetInsider Alert for GSF
Apr 22, 2005 (streetinsider.com via COMTEX) --J.P. Morgan upgrades GlobalSantaFe (NYSE: GSF) from Underweight to Overweight on positive earnings outlook.
04/22/2005 08:00:28 AM
StreetInsider Alert for YHOO
Apr 22, 2005 (streetinsider.com via COMTEX) --CIBC World Markets downgrades Yahoo! (Nasdaq: YHOO) from Outperformer to Sector Performer-Price target $40.
04/22/2005 08:00:28 AM
StreetInsider Alert for LSCC
Apr 22, 2005 (streetinsider.com via COMTEX) --Lattice Semiconductor (Nasdaq: LSCC) reports a Q1 loss of $0.06 per share, 1 cent better than estimates. Q1 revenues were $51.3 million, higher than analysts estimates of $50.04 million.
04/22/2005 08:00:19 AM
StreetInsider Alert for CHRT
Apr 22, 2005 (streetinsider.com via COMTEX) --Chartered Semiconductor (Nasdaq: CHRT) reprts a Q1 loss of $0.34 per share, 3 cents worse than estimates. Q1 revenue were $181.4 million, lower than analysts estimates of $183.53 million. CHRT guides lower for Q2 earnings estimates.
04/22/2005 08:00:18 AM
StreetInsider Alert for XJT
Apr 22, 2005 (streetinsider.com via COMTEX) --ExpressJet Holdings (NYSE: XJT) reports Q1 earnings of $0.39 per share, 2 cents worse than estimates. Q1 revenues were $375.4 million, lower than analysts estimates of $386.92 million.
04/22/2005 08:00:17 AM
StreetInsider Alert for MYG
Apr 22, 2005 (streetinsider.com via COMTEX) --Maytag (NYSE: MYG) reports Q1 earnings of $0.10 per share, including a $4.9 million restructuring charge, 10 cents worse than estimates. Q1 revenues were $1.17 billion, slightly lower than analysts estimates of $1.18 billion.
04/22/2005 08:00:17 AM
StreetInsider Alert for COST
Apr 22, 2005 (streetinsider.com via COMTEX) --Costco (Nasdaq: COST) now sees Q3 earnings between $0.41-0.43 per share vs. analysts estimates of $0.46. COST sees Q4 earnings between $0.63-0.67 vs. analysts estimates of $0.70. The Company also sees full-year 2005 earnings between $1.98-2.04 vs. analysts estimates of $2.10.
____________
StreetInsider.com Premium is also available to Bloomberg Terminal users. Bloomberg users type STIN for more information.
StreetInsider.com, Inc., US Toll Free: 800-323-0153, info@streetinsider.com, http://www.streetinsider.com
About StreetInsider.com: StreetInsider.com is a premium financial news wire service covering the US equity markets. StreetInsider.com provides its premium members with live, market moving news reports for the pre-open, intra-day and after-hours trading sessions. Areas of focus include: Trader Talk, Market Rumors, Broker Comments, Upgrades/Downgrades, Earnings Releases, Corporate News, and General Market News/Events.
For a 2-week free trial to StreetInsider.com Premium please visit the web site at: http://www.streetinsider.com
© 2004 Dialog, a Thomson business. All rights reserved.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
