Special Reports

Notable 52-Week Highs and Lows of the Day 02/08: (BWLD) (TWX) (AAPL) High; (NSU) (NURO) Low Feb 8, 2012 03:16PM

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:

• Buffalo Wild Wings (Nasdaq: BWLD) high of $81.30. Buffalo Wild Wings moved 18 percent highe Wednesday following strong fourth-quarter numbers issued after the market closed Tuesday. For the quarter, EPS was 73 cents on revenue of $220.5 million, which beat expectations calling for EPS of 67 cents and revenue of about $210 million.
  
  To see what analysts think about the quarter, click here.
  
  
• Time Warner (NYSE: TWX) high of $39.23. Another earnings mover, Time Warner is higher following fourth-quarter results. Earnigns were 94 cents on revenue of $8.19 billion, versus expectations for EPS of 87 cents and revs of $8.07 billion. The company also announced a $4 billion buyback plan.
  
  Time Warner moved nearly 3 percent to the new high Wednesday.
  
  
• Apple (Nasdaq: AAPL) high of $475.15. Apple is just being Apple today. Sprint (NYSE: S) reported strong iPhone sales of 1.8 million in its fourth-quarter and there were also a couple of positive Apple reports floating around today on valuation. Shares moved about 1.4 percent to the new mark.
  
  
• Ralph Lauren Corp. (NYSE: RL) high of $178.47. Ralph Lauren is also an earnings mover, after reporting third-quarter EPS of $1.78, which came in 11 cents better than the analyst estimate of $1.67. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.75 billion. Looking ahead, Ralph Lauren sees fiscal 2012 sales up about 20 percent.

52-Week Low:

• NeuroMetrix, Inc. (Nasdaq: NURO) low of $0.94. NeuroMetrix priced at 10.5 million common stock offering at $1 per share. With shares closing at $1.15 Tuesday, that was a 13 percent discount.
  
  
• Nevsun Resources Ltd (AMEX: NSU) low of $4.15. Nevsun got a downgrade at CIBC from Sector Perform to Sector Underperform. The cut today comes following production guidance for 2012 issued on Tuesday. Shares ended yesterday's session over 30 percent lower.

Unusual 11 Midday Movers 02/08: (GUID) (CALX) (FFN) Higher; (SGI) (CDXS) (ONE) Lower Feb 8, 2012 02:51PM

Guidance Software, Inc. (NASDAQ: GUID) 37.1% HIGHER; reported Q4 EPS of $0.16, $0.07 better than the analyst estimate of $0.09. Revenue for the quarter came in at $29.9 million versus the consensus estimate of $28.31 million. Sees FY2012 EPS of $0.35-$0.42, versus the consensus of $0.29. Sees FY2012 revenue of $126-$131 million, versus the consensus of $113.28 million.

Calix Networks (NYSE: CALX) 27.4% HIGHER; reported Q4 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $91.6 million versus the consensus estimate of $89.73 million.

Silicon Graphics (NASDAQ: SGI) 23.4% LOWER; reported Q2 EPS of $0.04, $0.21 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $195.2 million versus the consensus estimate of $197.05 million. Sees FY2012 EPS of $0.15-$0.30, versus the consensus of $0.67. Sees FY2012 revenue of $770-$800 million, versus the consensus of $756.29 million.

FriendFinder Networks Inc. (Nasdaq: FFN) 23.8% HIGHER; shares are rising for the second day following reports that Obscene Interactive, the social media division of Obscene Jeans Corp. (OTCBB: OBJE) maybe looking to acquire or enter a joint venture with the company.

Mitek Systems (NASDAQ: MITK) 22.3% HIGHER; reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $3.5 million versus the consensus estimate of $3.5 million.

Avid Technology, Inc. (NASDAQ: AVID) 17.8% HIGHER; reported Q4 EPS of $0.38, $0.22 better than the analyst estimate of $0.16. Revenue for the quarter came in at $185.3 million versus the consensus estimate of $176.97 million.

Agenus (Nasdaq: AGEN) 17.8% HIGHER; after trading very closely to the 200-day SMA through this and last week, the stock is breaking above that technical level today. Shares are over $3 today.

Codexis, Inc. (NASDAQ: CDXS) 16.1% LOWER; reported Q4 EPS of ($0.15), $0.04 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $33.5 million versus the consensus estimate of $32.11 million.

Higher One Holdings (NYSE: ONE) 15.6% LOWER; reported Q4 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $46.46 million versus the consensus estimate of $51.43 million. Sees Q1 2012 EPS of $0.27-$0.30, versus the consensus of $0.30. Sees Q1 2012 revenue of $58-$62 million, versus the consensus of $65.64 million. Sees FY2012 revenue of $215-$230 million, versus the consensus of $234.17 million. The stock was downgraded at Raymond James.

Opnet Technologies, Inc. (NASDAQ: OPNT) 13.8% LOWER; reported Q3 EPS of $0.26, $0.03 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $46 million versus the consensus estimate of $46.38 million. Sees FY2012 revenue of $173-$177 million, versus the consensus of $176.68 million.

Teekay Tankers Ltd. (NYSE: TNK) 12.5% LOWER; announced today that it has priced its follow-on public offering of 15,000,000 shares of Class A common stock at $4.00 per share. The offering is expected to close on February 13, 2012, subject to customary closing conditions. Teekay Tankers has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares to cover any over-allotments.

Streetinsider.com's Hot Lunchtime Reads 02/08: (S) (CZR) (DRYS) (SHLD) (BWLD) (DIS) Feb 8, 2012 12:14PM

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

• The Worst $15.5B Ever Spent? (S) -> Read this!
  
  
• Caesars (CZR) IPO Trading Like a Casino -> Read this!
  
  
• DryShips (DRYS), Others Climb as Baltic Dry Index Ticks Higher -> Read this!
  
  
• Berkowitz Says Sears Holdings' (SHLD) Intrinsic Value is a "Pretty Big Number" -> Read this!
  
  
• Deutsche Raises Price Target on Buffalo Wild Wings (BWLD) Following Strong Upside -> Read this!
  
  
• Nomura Securities Maintains a 'Neutral' on Annaly Capital Management (NLY); First Look - Managing Higher Prepays, Tighter Spreads -> Read this!
  
  
• Wells Fargo Raises Estimates on Walt Disney (DIS); Revenue Was Light, But So Were Expenses -> Read this!

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

Notable ETF Movers of the Day 02/08: (VXX) (SMH) (FXI) Higher; (USO) (GLD) Lower Feb 8, 2012 12:07PM

Gainers

• iPath S&P 500 VIX Short Term Fu (NYSE: VXX) up 2.25 percent to $24.49. The CBOE VIX is trading a little higher as uncertainty from Greece grips the market once again. Greece's Prime Minister Lucas Papademos and the troika are meeting following delay-after-delay to reach a debt deal with its creditors aimed at securing another round of bailout funds. The VIX is up 3.5 percent Tuesday.
  
  
• Market Vectors Semiconductor (NYSE: SMH) up 0.49 percent to $34.53. Chips could be making a move higher following reports that three large chip makers in Japan might be talks to combine due to pressure from competition. The Japanese government would even be a part of the consolidation deal. Sentiment in companies like Intel (Nasdaq: INTC) and Samsung might be higher today on the news.
  
  
• iShares FTSE China 25 Index Fun (NYSE: FXI) up 1.18 percent to $40.19. Stocks in China popped following speculation that the slowing economy might prompt lawmakers to ease monetary policy. Also, the Chinese government pledged support to continue helping homebuyers, which is helping out stocks in that sector immensely.

Receders

• United States Oil Fund (NYSE: USO) down 0.24 percent to $37.86. EIA data Wednesday had crude stocks rising by 300,00 barrels, though an indirect measure for demand fell 1.5 percent. Analysts were looking for a larger increase to 2.7 million barrels.
  
  Front month contracts have actually peeked into positive territory, according to Comex data.
  
  
• SPDR Gold Trust (NYSE: GLD) down 0.67 percent to $168.57. Traders are turning attentions to the euro in favor of gold as Greece nears a bailout deal, prompting sentiment for more risk. Though down about $12.5 per ounce, gold prices are just coming off of 11-week highs.

Notable Analyst Rating Changes 02/08: (YUM) (BBVA) (PXP) Upgraded; (OPEN) (MS) (NLY)) Downgraded Feb 8, 2012 10:54AM

UPGRADES
Goldman Sachs lifts Yum! Brands (NYSE: YUM) from Sell to Neutral, its price target moved from $53 to $66. Click Here for more color.

WestLB upgrades Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) from Reduce to Neutral.

Susquehanna raises Plains Exploration (NYSE: PXP) from Neutral to Positive, its price target raised from $39 to $49.

PMorgan boosts Vishay Intertechnology (NYSE: VSH) from Neutral to Overweight, its price target raised from $11 to $15.50.

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

DOWNGRADES
OpenTable (Nasdaq: OPEN) lowered by two today:

• Credit Suisse from Outperform to Neutral, its price target raised from $49 to $52; and
  
  
• Oppenheimer from Outperform to Perform with a price target of $54. Click Here for more color.

Collins Stewart reduces Morgan Stanley (NYSE: MS) from Buy to Hold.

FBR Capital cuts Annaly Capital Management (NYSE: NLY) from Outperform to Market Perform, its price target lowered from $17.50 to $16.

Societe Generale downgrades BP (NYSE: BP) from Buy to Hold.

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

NEW COVERAGE
Morgan Stanley initiates Vitamin Shoppe (NYSE: VSI) with an Equalweight rating.

Pacific Crest starts CEVA Inc. (Nasdaq: CEVA) with a Sector Perform.

Raymond James assumes Costco Wholesale (Nasdaq: COST) at Market Perform.

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

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