Special Reports

Unusual 11 Midday Movers 02/10: (CIE) (LNKD) (MOVE) (IPSU) Higher; (AMRS) (TRLG) (KV-A) Lower Feb 10, 2012 02:04PM

Cobalt International Energy, Inc. (NYSE: CIE) 37.4% HIGHER; provided additional data confirming the significance of its Cameia Pre-salt oil discovery in Block 21 offshore Angola. Click here for the full report. The stock was upgraded at Howard Weil earlier.

Amyris (Nasdaq: AMRS) 28.7% LOWER; management held a business update call where management removed 2012 guidance, pushed out construction plans and announced a capital raise. The stock was downgraded by Morgan Stanley and Deutsche Bank this morning.

True Religion Apparel, Inc. (NASDAQ: TRLG) 25.6% LOWER; reported Q4 EPS of $0.57, $0.14 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $119.4 million versus the consensus estimate of $128.9 million. Sees FY2012 EPS of $1.88-$1.95, versus the consensus of $2.37. Sees FY2012 revenue of $450-$460 million, versus the consensus of $494 million. The stock was downgraded by Brean Murray, Caris and Benchmark.

KV Pharma (NYSE: KV-A) 24% LOWER; reported Q3 loss of 63 cents per share on sales of $5.1 million.

Exide Technologies (NASDAQ: XIDE) 23.9% LOWER; reported Q3 EPS of $0.84, compared to $0.34 reported last year. Revenue for the quarter came in at $784.1 million versus the consensus estimate of $846.97 million.

Amtech Systems (NASDAQ: ASYS) 20% LOWER; reported Q1 EPS of ($0.09), $0.15 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $24.7 million versus the consensus estimate of $22.12 million.

Linkedin (NYSE: LNKD) 16.7% HIGHER; reported Q4 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $167.7 million versus the consensus estimate of $159.72 million. Sees Q1 2012 revenue of $170-$175 million, versus the consensus of $170.8 million. Sees FY2012 revenue of $840-$860 million, versus the consensus of $828 million.

Move (NASDAQ: MOVE) 16.5% HIGHER; reported Q4 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $47.27 million versus the consensus estimate of $47.27 million. Move sees Q4 2012 revenue of $47.5 million. Sees FY2012 revenue of $195-$200 million, versus the consensus of $197.99 million.

Imperial Sugar (Nasdaq: IPSU) 16.3% HIGHER; continuing higher following an 80 percent surge yesterday on the heels of strong Q1 results.

Pharmacyclics (Nasdaq: PCYC) 14.3% HIGHER; following strong Q2 results and the resulting 10 percent rise in the stock yesterday, shares have pushed over resistance at $20 today. The stock is now over $22.50.

RPX Corp. (Nasdaq: RPXC) 13.7% HIGHER; Alcatel-Lucent announced a licensing syndicate for its patents.

Streetinsider.com's Hot Lunchtime Reads 02/10: (NFLX) (NOK) (MSFT) (FSLR) Feb 10, 2012 12:39PM

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

• Netflix (NFLX) Wants to Enter This 'Media Hungry' Market Next... -> Read this!
  
  
• Nokia (NOK), Motorola (MMI) to Turn More to Taiwan for Manufacturing -> Read this!
  
  
• IEA Cuts Global Oil Demand Outlook for Sixth Consecutive Month -> Read this!
  
  
• Auriga Maintains a 'Buy' on First Solar (FSLR); The Antelope Raises its Head Again -> Read this!
  
  
• Nomura Securities Maintains a 'Buy' on Microsoft (MSFT); Released Lengthy Blog Post on Windows on ARM (WOA) Platform -> Read this!
  

And don't forget to get updated by our other Special Reports. Access those here.

Notable ETF Movers of the Day 02/10: (VXX) (UUP) Higher; (USO) (FXI) Lower Feb 10, 2012 12:24PM

Gainers

• iPath S&P 500 VIX Short Term Fu (NYSE: VXX) up 5.45 percent to $27.07. The CBOE VIX is up 10 percent on the session as markets become a little more volatile following bleak economic data as well as Greece lost backing from a key party member for new austerity measures, leading to bailout funds being withheld by the troika. The trade balance for December came in wider than expected at ($48.8 billion) while consumer confidence was 72.5 for February, also below views.
  
  
• PowerShares DB USD Index Bullis (NYSE: UUP) up 0.59 percent to $22.05. The U.S. dollar is stronger Friday as investors exit the euro on Greece news. The euro is down 0.76 percent to $1.3186.

Receders

• iShares FTSE China 25 Index Fund (NYSE: FXI) down 3.12 percent to $38.85. Aside from Greece, shares in China are lower following data showing exports dropped 0.5 percent while imports fell 15 percent.
  
  
• United States Oil Fund (NYSE: USO) down 1.41 percent to $37.79. Crude lower as the IEA cut its demand outlook by 300K barrels per day to 800K, based on views of a stagnant global economy in 2012. Crude March contracts are $1.43 lower to $98.41 per barrel on the Comex.
  
  For more on the IEA report, click here.

Morning Movers 02/10: (CIE) (RPXC) (ALU) (IPSU) Higher; (AMRS) (TRLG) (XIDE) Lower Feb 10, 2012 11:18AM

Cobalt International Energy, Inc. (NYSE: CIE) 43% HIGHER; provided additional data confirming the significance of its Cameia Pre-salt oil discovery in Block 21 offshore Angola. Click here to see the full report. The stock was upgraded at Howard Weil earlier.

Amyris (Nasdaq: AMRS) 27.4% LOWER; management held a business update call where management removed 2012 guidance, pushed out construction plans and announced a capital raise. The stock was downgraded by Morgan Stanley and Deutsche Bank this morning.

True Religion Apparel, Inc. (NASDAQ: TRLG) 23.9% LOWER; reported Q4 EPS of $0.57, $0.14 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $119.4 million versus the consensus estimate of $128.9 million. Sees FY2012 EPS of $1.88-$1.95, versus the consensus of $2.37. Sees FY2012 revenue of $450-$460 million, versus the consensus of $494 million. The stock was downgraded by Brean Murray, Caris and Benchmark.

Exide Technologies (NASDAQ: XIDE) 21% LOWER; reported Q3 EPS of $0.84, compared to $0.34 reported last year. Revenue for the quarter came in at $784.1 million versus the consensus estimate of $846.97 million.

Amtech Systems (NASDAQ: ASYS) 19.5% LOWER; reported Q1 EPS of ($0.09), $0.15 better than the analyst estimate of ($0.24). Revenue for the quarter came in at $24.7 million versus the consensus estimate of $22.12 million.

RPX Corp. (Nasdaq: RPXC) 15% HIGHER; Alcatel-Lucent announced a licensing syndicate for its patents.

Alcatel-Lucent (NYSE: ALU) 14.7% HIGHER; reported Q4 adjusted EPS of $0.25, $0.14 better than the analyst estimate of $0.11.

Imperial Sugar (Nasdaq: IPSU) 14% HIGHER; continuing higher following an 80 percent surge yesterday on the heels of strong Q1 results.

WNS Holdings (NYSE: WNS) 13.7% HIGHER; priced an upsized offering of 10.65 million ADSs at $9.25 per ADS.

Nuance Communications, Inc. (NASDAQ: NUAN) 13.3% LOWER; reported Q1 EPS of $0.34, $0.02 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $382 million versus the consensus estimate of $391.55 million. Sees Q2 adj-EPS of 36-40 cents on sales of $395-$415 million. The Street is currently looking for quarterly earnings of 38 cents per share on sales of $404.46 million. Affirms FY12 EPS outlook of $1.55-$1.62. Sees sales of $1.66-$1.71 billion, which compares to the Street estimate of $1.68 billion.

ValueVision Media, Inc. (NASDAQ: VVTV) 12.8% LOWER; announced it has secured a $40 million, lower-cost revolving credit facility with PNC Bank, National Association. Sees Q4 sales of about $148 million, which compares to the Street estimate of about $170 million. Sees FY11 sales of about $558 million.

Linkedin (NYSE: LNKD) 11.7% HIGHER; reported Q4 EPS of $0.12, $0.05 better than the analyst estimate of $0.07. Revenue for the quarter came in at $167.7 million versus the consensus estimate of $159.72 million. Sees Q1 2012 revenue of $170-$175 million, versus the consensus of $170.8 million. Sees FY2012 revenue of $840-$860 million, versus the consensus of $828 million.

Overseas Shipholding (NYSE: OSG) 11.7% LOWER; suspends dividend, citing market conditions.

Move (NASDAQ: MOVE) 10.8% HIGHER; reported Q4 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $47.27 million versus the consensus estimate of $47.27 million. Move sees Q4 2012 revenue of $47.5 million. Sees FY2012 revenue of $195-$200 million, versus the consensus of $197.99 million.

USEC (NYSE: USU) 10.6% LOWER; pushing below the 200-day smooth moving average today.

Monolithic Power Systems (NASDAQ: MPWR) 9.5% HIGHER; reported Q4 EPS of $0.15, $0.04 better than the analyst estimate of $0.11. Revenue for the quarter came in at $47.5 million versus the consensus estimate of $46.44 million.

Notable Analyst Rating Changes 02/10: (COP) (JDSU) (ATVI) Upgraded; (ORLY) (XCO) (AKS) Downgraded Feb 10, 2012 11:17AM

UPGRADES
Deutsche Bank upgrades ConocoPhillips (NYSE: COP) to Buy with a price target of $90. Click Here for more color.

Credit Suisse lifts JDS Uniphase (Nasdaq: JDSU) from Neutral to Outperform, boosting its price target from $13 to $17.

Goldman Sachs adds Activision Blizzard (Nasdaq: ATVI) to its Conviction Buy List with a price target of $16. Click Here for more color.

Pritchard Capital lifts Hercules Offshore (Nasdaq: HERO) from Neutral to Buy, its price target raised from $3 to $7.

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

DOWNGRADES
O'Reilly Automotive (Nasdaq: ORLY) lowered by two firms:

• Baird from Outperform to Neutral, raising its price target from $72 to $88; and
  
  
• Deutsche Bank from Buy to Hold with a price target of $91. Click Here for more color.

Baird reduced EXCO Resources (NYSE: XCO) from Outperform to Neutral, lowering its price target $13 to $8.

Citi cuts AK Steel (NYSE: AKS) from Buy to Neutral and reduces its price target from $12 to $9.

Collins Stewart downgrades First Solar (Nasdaq: FSLR) from Buy to Hold with a price target maintained at $40. Click Here for more color.

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

NEW COVERAGE
BofA/Merrill Lynch reinstates LSI Corporation (NYSE: LSI) at Buy and $10 price target.

Goldman Sachs resumes Symantec (Nasdq: SYMC) with a Neutral rating and $19 price target. Click Here for more color.

Gilead Sciences (Nasdaq: GILD) initiated by two today:

• Morgan Stanley with a Overweight and price target of $55; and
  
  
• Barclays also at Overweight rating and $67 price target.

Barclays assumes Idenix Pharmaceuticals (Nasdaq: IDIX) with an Equalweight, price target of $10.

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

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