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Notable 52-Week Highs and Lows of the Day 02/16: (ALU) (DE) (CMCSA) (AAPL) High; (CSCO) (DSCO) (FXCM) (GFC) Low

February 16, 2011 2:37 PM EST
ALU Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.

52-Week High:
  • Alcatel-Lucent (NYSE: ALU) high of $4.88. Hitting a new 52-week high on some solid volume today. Shares surged 8.7% to the high, which may be due in part to a press release from Altair Semit (Nasdaq: ALTR) in which they have successfully completed interoperability (IOT) testing in emerging markets. ALU shares are up over 36% since their quarterly report in mid-February.

  • Deere & Company (NYSE: DE) high of $97.36. Deere topped Q111 Street views today, with EPS of $1.20 on revs of $6.12 billon, compared to the consensus EPS of $0.99 and revs of $5.67 billion. Shares rose nearly 4% to the high today.

  • Comcast Corporation (Nasdaq: CMCSA) high of $25.33. Another earnings mover here, as Comcast reported Q4 EPS of $0.35 with revs of $9.72 billion, topping estimates looking for EPS of $0.32 on revs of $9.58 billion. Comcast also increased their quarterly dividend 18%, and announced an accelerated stock buyback.

  • Apple Inc. (Nasdaq: AAPL) high of $364.90. Moving higher today, still holding above the earlier $360 per level resistance, as Verizon (NYSE: VZ) said that they were pleased with iPhone sales.
52-Week Low:
  • Cisco Systems, Inc. (Nasdaq: CSCO) low of $18.58. Seeing further downside today, following an earnings report out of Dell that had a 16% increase in Servers and Networking gains from Q410.

  • Discovery Laboratories Inc. (Nasdaq: DSCO) low of $2.05. Announced that they have priced a 10 million common unit offering at $2.35 per unit.

  • FXCM Inc. (NYSE: FXCM) low of $11.69. Reported monthly metrics for January, as was downgraded at Citi today.

  • GEROVA Financial Group Ltd. (NYSE: GFC) low of $6.26. Gerova announced that Dennis L. Pelino was appointed as President and Chairman of the board of directors and that he had agreed to accept such appointment subject to confirmation of certain conditions. However, inasmuch as the Company and Mr. Pelino were unable to reach agreement on the terms of his appointment, on February 15, 2011, Mr. Pelino withdrew his name from consideration as the Chairman and President of the Company.



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