Special Reports

Notable 52-Week Highs and Lows of the Day 05/23: (HPQ) (PSUN) (STX) High; (RVM) Low May 23, 2013 02:31PM

52-Week High:

• Hewlett-Packard Co. (NYSE: HPQ) $24.45. H-P moving over 15 percent after reporting a 6-cent-per-share Q2 EPS beat on Wednesday night, while it also boosted expectations for fiscal 2013. For more color behind the numbers, click here.
  
  
• Pacific Sunwear Of California (Nasdaq: PSUN) $3.45. PacSun ramping after reporting a Q1 loss of 14 cents and revs of $169.8 million, both beating consensus views. Comparable store sales for the first quarter of fiscal 2013 increased 2 percent. Gui dace for Q2 came largely in-line with views, though comps are expected to be flat to up 5 percent.
  
  
• Seagate Technology (Nasdaq: STX) $43.60. Seagate Tech moving higher as Deutsche Bank upgraded shares to a Buy rating.
  
  
• Toro Co. (NYSE: TTC) $49.38. Toro RVM) $0.93. Revett slammed after announcing an immediate and significant reduction in the workforce at its Troy Mine. For more color, click here.

Unusual 11 Mid-Day Movers 05/23: (HIHO) (RUE) (GAME) Higher; (RVM) (APRI) (CRUS) Lower May 23, 2013 02:04PM

Highway Holdings Limited (Nasdaq: HIHO) 34.5% HIGHER; announced it received a multi-year order for vacuum cleaner components valued at approximately $400,000 per year from a leading international appliance manufacturer.

rue21, inc. (Nasdaq: RUE) 22.8% HIGHER; announced a definitive agreement under which funds advised by Apax Partners will acquire all outstanding shares of rue21 for $42.00 per share in cash. The transaction is valued at approximately $1.1 billion. The transaction price represents a premium of approximately 23% to yesterday's closing share price and approximately 42% to the 90-day volume weighted average price (VWAP).

Shanda Games Ltd. (Nasdaq: GAME) 22.0% HIGHER; reported Q1 EPS of $0.16, $0.01 better than the analyst estimate of $0.15. Revenue for the quarter came in at $173 million versus the consensus estimate of $173.72 million.

Revett Minerals Inc. (AMEX: RVM) 21.1% LOWER; updated on efforts to re-establish access to mining areas and along the Lower Quartzite haulage route at its Troy Mine in northwest Montana. Underground development work has continued since access to the Troy Mine was re-established earlier this year. As part of the planned development, crews have been focusing on two separate drifts ("A Drive" and "D Drive") to regain access to the Lower Quartzite haulage route. After completing the installation of steel sets and structural reinforcement through the B Fault at the "A Drive" drift, unexpected structural damage and ground fall was discovered. Crews are now continuing their work and focusing their efforts in the "D Drive" located approximately 300 feet east of the "A Drive". Development of the 85 foot "D Drive" into the Lower Quartzite is estimated to take approximately 8 more weeks. Once the "D Drive" drift is completed, a full inspection and assessment of the Lower Quartzite Ore Body must still be completed to ensure that no further structural damage is evident and that mining operations can be safely re-established along this route. Given the unexpected discovery of ground fall in the Lower Quartzite south of the B Fault in the "A Drive" and length of time required for alternative development into this area, the Company has announced an immediate and significant reduction in the workforce at its Troy Mine.

Apricus Biosciences, Inc. (Nasdaq: APRI) 20.0% LOWER; announced that it has priced an underwritten public offering of an aggregate of 6,000,000 shares of common stock at a price to the public of $2.85 per share, and warrants to purchase up to an aggregate of 3,000,000 shares of common stock for gross offering proceeds of $17,100,000.

Cirrus Logic Inc. (Nasdaq: CRUS) 16.8% LOWER; gave a presentation at Barclay's telecommunication conference. During the presentation, Cirrus noted increased pricing pressure in the smartphone market. For more color, click here

B.O.S. Better On-Line Solutions (Nasdaq: BOSC) 16.4% LOWER; reported Q1 EPS of ($0.18), versus ($0.28) reported last year. Revenue for the quarter came in at $5.93 million, versus $7.05 million reported last year.

InspireMD, Inc. (AMEX: NSPR) 14.2% LOWER; announced new 6-month results from the MASTER (MGuard for Acute ST Elevation Reperfusion) trial demonstrating that the MGuard Embolic Protection Stent (EPS) outperformed bare metal and drug eluting stents in all-cause mortality in ST segment elevation myocardial infarction (STEMI) patients. In addition to the symposium, the Company reported that another fourteen presentations and three abstracts highlighting the MGuard EPS technology were presented over the 4-day conference. With its proprietary micro-net mesh sleeve, MGuard EPS addresses an unmet need by preventing unstable arterial plaque and thrombus (clots) that cause heart attack blockage from breaking off and exacerbating damage. The MASTER trial achieved its primary endpoint (p value = 0.008), in complete ST-segment resolution at 60-90 min post-procedure (a strong predictor of mortality). Secondary endpoint clinical outcomes continue to show a lower mortality rate with MGuard EPS compared to control (0.5% vs. 2.8%, P=0.06) at 6 months.

Hewlett-Packard Company (NYSE: HPQ) 14.8% HIGHER; reported Q2 EPS of $0.87, $0.06 better than the analyst estimate of $0.81. Revenue for the quarter fell 10% to $27.6 billion versus the consensus estimate of $28.12 billion.

Pacific Sunwear Of California (Nasdaq: PSUN) 14.2% HIGHER; reported Q1 EPS of ($0.14), $0.05 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $169.8 million versus the consensus estimate of $164.22 million. PacSun sees Q213 EPS of ($0.05)-($0.02) versus the consensus of ($0.04).

Lender Processing Services, Inc. (NYSE: LPS) 11.7% HIGHER; rumors hitting the market that Fidelity National Financial and Thomas H. Lee Partners was in advanced talks to buy the lender.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

Trading Radar for 05/24: Foot Locker (FL), Hibbett (HIBB), Abercrombie (ANF) Report May 23, 2013 12:28PM

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Markets Open:
Economics:
8:30am EDT

• Durable Orders - Street sees 1.6%
  
  
• Durable Orders ex. Trans - Street sees 0.5%

Earnings:

Abercrombie & Fitch Co. (NYSE: ANF) - consensus loss $0.05
Destination Xl Grp (Nasdaq: DXLG) - consensus EPS $0.01
Foot Locker, Inc. (NYSE: FL) - consensus EPS $0.88
Hibbett Sports, Inc. (Nasdaq: HIBB) - consensus EPS $1.07
Tsakos Energy Navigation Ltd. (NYSE: TNP) - consensus loss $0.08

Check out our Earnings Insider for news and updates on earnings as they happen!

Streetinsider.com's Hot Lunchtime Reads 05/23: (YHOO) (DELL) (ACI) (AKAM) May 23, 2013 12:14PM

The following is a list of notable articles to help get you through the lunch hour:

• Bernie Madoff Speaks to FBN: Says Chais, Levy, Picower and Shapiro Aware of Ponzi Scheme Since 1987 -> Read this!
  
  
• AMD (AMD) Looks to Outdo Intel (INTC) in Battle of Performance Tablets with Latest SoC Offerings -> Read this!
  
  
• Yahoo! (YHOO) Acquires Cross-Platform Gaming Software Publisher PlayerScale -> Read this!
  
  
• Icahn, Southeastern Begin Talks for $5.2B Term Loan in Dell (DELL) Bid -> Read this!
  
  
• Highway Holdings (HIHO) Surges, Halted on $400K Per Year Order -> Read this!
  
  
• anaccord Genuity Boosts Price Target on Akamai (AKAM) Citing Momentum -> Read this!
  
  
• Analyst See Positive Trend in Coal Inventory (ACI) (ANR) -> Read this!
  
  

Notable Analyst Rating Changes 05/23: (HPQ) (HOT) (PAY) Upgraded; (DD) (CMA) (SANM) Downgraded May 23, 2013 11:06AM

UPGRADES
Jefferies raises Hewlett-Packard (NYSE: HPQ) from Underperform to Hold, while moving its price target from $18.50 to $24. Click Here for more color.

Starwood Hotels & Resorts (NYSE: HOT) upgraded bu two today:

• BofA/Merrill Lynch from Neutral to Buy; and
  
  
• Morgan Stanley from Equalweight to Overweight.

SunTrust Robinson Humphrey boosts VeriFone (NYSE: PAY) from Neutral to Buy with a price target of $36.

Deutsche Bank lifts Seagate Technology (Nasdaq: STX) to Buy. Click Here for more color.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES
BGC Partners downgrades DuPont (NYSE: DD) from Hold to Sell, moving its price target from $55 to $50.

Susquehanna reduces Comerica (NYSE: CMA) from Neutral to Negative.

Deutsche Bank lowers Sanmina-SCI Corp. (Nasdaq: SANM) from Hold to Sell with a price target of $11. Click Here for more color.

Goldman Sachs cuts Patterson-UTI Energy (Nasdaq: PTEN) from Neutral to Sell with a price target of $24. Click Here for more color.

For daily real-time Downgrades go to http://www.streetinsider.com/downgrades

NEW COVERAGE
Maxim Group assumes Yingli Green Energy (NYSE: YGE) at Hold.

Topeka Capital initiates Atmel (Nasdaq: ATML) with a Buy rating and a price target of $8.50. Click Here for more color.

Maxim Group begins First Republic Bank (NYSE: FRC) with a Buy

Global Hunter Securities starts New Gold (NYSE: NGD) with a Buy. PT $9.50.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage

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