Top 10 News Items 1/30-2/3: Friday Jobs Report Blows Out Expectations; Facebook IPO Officially Filed; Amazon's Q4 Disappoints Feb 3, 2012 04:14PM

Here is a recap of the top news items from this week on Wall Street:

1. The Facebook IPO was an obvious #1 on the top ten....... until Friday's blowout jobs report. 243,000 payrolls were added in the nonfarm sector, 257,000 were added in the private sector and, in the manufacturing sector, about 50,000 jobs were added. Economists were expecting a nonfarm reading of 140,000 additions, private additions of 160,000 and manufacturing adds of just 12,000. The unemployment rate fell nicely from 8.5 percent in December to 8.3 percent in January. US stocks rose more than 1 percent following the strong report.

2. The most highly anticipated IPO since Google was filed this week: Facebook. The SEC papers show the social media giant is looking to raise $5 billion in the offering. An NYSE or NASDAQ listing has not yet been announced. The company reported $3.711 billion in revenue for the year ended December 31, 2011, and a profit of $0.43 per diluted share. For those not fortunate (or unfortunate) enough to get in on the IPO, check out our list of sympathy plays related to Facebook.

3. Shares of Amazon.com (Nasdaq: AMZN) tumbled nearly 8 percent on Wednesday following a beat on the bottom line, a wide miss on the top line and guidance which seemed very conservative. Fourth-quarter earnings were 38 cents per share on sales of $17.4 billion. The online retailer sees first-quarter 2012 revenue of $12-$13.4 billion, versus the consensus of $13.41 billion.

4. Green Mountain (Nasdaq: GMCR) shares jumped 24 percent on Thursday following strong first-quarter results. The company reported EPS of $0.60, $0.24 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.06 billion. Most analysts boosted price targets on estimates on the stock following the results.

5. Elsewhere on the earnings front: Pfizer (NYSE: PFE), UPS (NYSE: UPS), ExxonMobil (NYSE: XOM), Chipotle (NYSE: CMG), Kellogg (NYSE: K), Wynn (Nasdaq: WYNN) and Clorox (NYSE: CLX).

6. Micron (NYSE: MU) issued a statement late Friday announcing the company's respected Chairman and CEO Steve Appleton died in a small plane accident in Boise. In the statement, Micron said, "Our hearts go out to his wife, Dalynn, his children and his family during this tragic time." Micron shares were halted and had not reopened by the close on Friday.

7. Thomas & Betts (NYSE: TNB) shares rallied 23 percent on Monday following news of a $72 per share cash bid from ABB (NYSE: ABB). ABB shares fell about 3 percent on that day, but moved higher each day following.

8. NYSE Euronext (NYSE: NYX) officially terminated its merger with Deutsche Boerse this week. After falling Monday, Tuesday and Wednesday, shares closed higher on Thursday and Friday.

9. Shares of Polypore (NYSE: PPO) were whacked 30 percent on Tuesday of this week following rumors customer LG Chem is planning its own separator plant. Several analyst firms defended Polypore. The stock rose 8 percent on Wednesday, another 6 percent on Thursday and closed the week on Friday up another 7 percent.

10. According to data from Retail Metrics this week, retail sales for the month of January rose 4 percent, better than the 3 percent expected by the market-research firm. Click here for a summary of the same-store sales, or go to our Retail Sales category to get more details on each retailers monthly data.


Trading Radar for 02/06: Yum! Brands (YUM), Coinstar (CSTR), Sysco (SYY), Sohu.com (SOHU) Report Feb 3, 2012 03:41PM

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

Before The Market Opens
Earnings:

Astronics Corp (Nasdaq: ATRO) - consensus EPS $0.40
Boardwalk Pipeline Partners (NYSE: BWP) - consensus EPS $0.41
Changyou.com Limited (Nasdaq: CYOU) - consensus EPS $1.09
ePlus, Inc. (Nasdaq: PLUS) - no Street consensus
Globe Specialty Metals, Inc. (NYSE: GSM) - consensus EPS $0.20
HCA Holdings (NYSE: HCA) - consensus EPS $0.76
Hasbro, Inc. (NYSE: HAS) - consensus EPS $1.17
Humana, Inc. (NYSE: HUM) - consensus EPS $1.20
Lazard (NYSE: LAZ) - consensus EPS $0.37
Loews Corp. (NYSE: L) - consensus EPS $0.90
Nielsen Holdings (Nasdaq: NLSN) - consensus EPS $0.49
Sohu.com, Inc. (Nasdaq: SOHU) - consensus EPS $1.25
State Bank Financial Corporation (Nasdaq: STBZ) - consensus EPS $0.34
Sysco Corp. (NYSE: SYY) - consensus EPS $0.44
Towers Watson & Co (NYSE: TW) - consensus EPS $1.21
USG Corp. (NYSE: USG) - consensus loss $0.71
UDR (NYSE: UDR) - consensus EPS $0.34

After the Market Closes
Earnings:

American Capital Agency Corp. (Nasdaq: AGNC) - no Street consensus
Amylin Pharmaceuticals, Inc. (Nasdaq: AMLN) - consensus loss $0.10
Aspen Insurance Holdings Ltd. (NYSE: AHL) - consensus EPS $0.65
Associated Estates Realty (NYSE: AEC) - consensus EPS $0.27
Bankrate (Nasdaq: RATE) - consensus EPS $0.15
BCD Semiconductor Manufacturing (Nasdaq: BCDS) - consensus EPS $0.08
Black Diamond, Inc. (NYSE: BDE) - consensus loss $0.02
BRE Properties, Inc. (NYSE: BRE) - consensus EPS $0.56
Cambrex Corp. (NYSE: CBM) - consensus EPS $0.12
Cardica, Inc. (Nasdaq: CRDC) - consensus loss $0.12
Coinstar, Inc. (Nasdaq: CSTR) - consensus EPS $0.64
Dun & Bradstreet Corp. (NYSE: DNB) - consensus EPS $2.08
Fabrinet (NYSE: FN) - no Street consensus
Genomic Health, Inc. (Nasdaq: GHDX) - consensus EPS $0.10
Golub Capital Bdc, Inc. (Nasdaq: GBDC) - consensus EPS $0.33
KKR Financial Holdings (NYSE: KFN) - no Street consensus
Kenexa (Nasdaq: KNXA) - consensus EPS $0.26
Landauer, Inc. (NYSE: LDR) - consensus EPS $0.58
Leggett & Platt, Inc. (NYSE: LEG) - consensus EPS $0.21
Luminex Corp (Nasdaq: LMNX) - consensus EPS $0.07
Owens & Minor, Inc. (NYSE: OMI) - consensus EPS $0.45
PHH Corp. (NYSE: PHH) - consensus EPS $0.73
Parkway Properties, Inc. (NYSE: PKY) - consensus EPS $0.59
Pioneer Southwest Energy Partners (NYSE: PSE) - consensus EPS $0.81
PMC - Sierra, Inc. (Nasdaq: PMCS) - consensus EPS $0.13
Post Properties, Inc. (NYSE: PPS) - consensus EPS $0.46
Pro-Dex Inc (Nasdaq: PDEX) - no Street consensus
Regal-beloit Corp. (NYSE: RBC) - consensus EPS $0.71
Servicesource International, Inc. (Nasdaq: SREV) - consensus EPS $0.02
Standard Pacific Corp. (NYSE: SPF) - consensus EPS $0.02
Torchmark Corp. (NYSE: TMK) - consensus EPS $1.24
Unum Group (NYSE: UNM) - consensus EPS $0.75
Veeco Instruments, Inc. (Nasdaq: VECO) - consensus EPS $0.68
Viasat, Inc. (Nasdaq: VSAT) - consensus EPS $0.26
Wausau Paper (NYSE: WPP) - consensus EPS $0.05
Yum! Brands, Inc. (NYSE: YUM) - consensus EPS $0.74

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


Notable 52-Week Highs and Lows of the Day 02/03: (GILD) (STX) (DVAX) High; (MNKD) (THQI) (XCO) Low Feb 3, 2012 02:13PM

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:

  • Gilead Sciences, Inc. (Nasdaq: GILD) high of $54.77. Gilead moving higher Friday following fourth-quarter numbers, but more importantly, an update to HCV treatment PSI-7977. On its conference call following results, comments for '7977 were dovish from Gilead's chief scientific officer. Shares moved 11 percent to the new mark Friday.

  • Seagate Technology. (NYSE: STX) high of 26.68. Seagate is moving higher again following its quarterly report earlier in the week. Shares are gaining on economic data today, moving another 3.6 percent to the new mark.

  • Dynavax Technologies Corporatio (Nasdaq: DVAX) high of $4.29. Dynavax continuing higher Friday following a positive meeting with the FDA over experimental HEPLISAV BLA. The news sent shares higher Thursday, eventually closing up 10.9 percent.

  • CVS Caremark Corporation Common (NYSE: CVS) high of $43.98. CVS Caremark could be gaining as Walgreen reported a 2.3 percent decline in January sales, which some speculate might be result of the dissolved deal with Express Scripts (Nasdaq: ESRX).
52-Week Low:
  • MannKind Corporation (Nasdaq: MNKD) low of $2.15. MannKind announced the pricing of an underwritten public offering of 31,250,000 units, with each unit consisting of one share of its common stock and a warrant to purchase 0.60 of a share of its common stock. The shares of common stock and the warrants are being offered at a combined price to the public of $2.40 per unit for expected gross proceeds of $75 million.

    Shares fell almost 13 percent to the new low Friday.

  • THQ, Inc. (Nasdaq: THQI) low of $0.53. After the market closed Thursday, THQ reported earnings of 35 cents per share and revenue of $404.4 million, missing consensus views calling for EPS of 65 cents and revs of $417.6 million.

    Shares moved 30 percent to the new low.

  • EXCO Resources (NYSE: XCO) low of $6.80. Entered into an agreement granting a forty-five day exclusivity period to an unaffiliated private infrastructure fund to negotiate the sale of a one-third equity interest in TGGT Holdings, LLC.

    EXCO anticipates that an affiliate of BG Group plc will participate in the sale transaction on a pro rata basis. A purchase price of $400 million for the equity interest is expected.


Unusual 11 Midday Movers 02/03: (THLD) (ZOLT) (TUDO) Higher; (STRI) (PCCC) (SMT) Lower Feb 3, 2012 02:13PM

Threshold Pharmaceuticals, Inc (Nasdaq: THLD) 86% HIGHER; today announced that a global agreement was signed with Merck KGaA, Darmstadt, Germany, to co-develop and commercialize TH-302, Threshold's small molecule hypoxia-targeted drug. TH-302 is currently being investigated in a global Phase 3 clinical trial in patients with soft tissue sarcoma, a randomized Phase 2 trial in patients with advanced pancreatic cancer from which top-line results are expected in February, as well as additional clinical studies in other solid tumors and hematological malignancies.

Zoltek Companies, Inc. (NASDAQ: ZOLT) 40.8% HIGHER; reported Q4 EPS of $0.28, which may not compare to the analyst estimate of $0.04. Revenue for the quarter came in at $47.05 million versus the consensus estimate of $43.5 million.

Tudou Holdings (Nasdaq: TUDO) 28.1% HIGHER; shares began surging after noon but volume didn't start spiking until about 12:30pm. Shares are now flirting with the $18 level. Traders may be buying the stock today as a play on the Facebook craze which has been very quiet over the last few weeks.

STR Holdings, Inc. (NYSE: STRI) 20% LOWER; has announced that revenue is projected to approximate $36.5 million for the fourth quarter of 2011 and diluted non-GAAP EPS is projected to be in the range of ($0.04) to ($0.02). Projected revenue is below the Company’s guidance of $44 to $48 million. Projected diluted non-GAAP earnings per share is below the previously-announced guidance range of $0.09 to $0.12. The Street sees Q4 revs of $43.95 million and EPS of $0.10. Prior Q4 outlook was EPS $0.09 - $0.12 and revs of $44 - $48 million.

Firsthand Technology Value Fund (Nasdaq: SVVC) 19.7% HIGHER; Recently the company said Facebook is now the fund's largest holding, representing more than five percent (5%) of the fund's net assets. Traders playing the Facebook craze, then.

PC Connection, Inc. (NASDAQ: PCCC) 19.3% LOWER; reported Q4 EPS of $0.28, $0.08 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $553.2 million versus the consensus estimate of $590.29 million.

Silicon Image, Inc. (NASDAQ: SIMG) 17.5% HIGHER; reported Q4 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $58.7 million versus the consensus estimate of $55.48 million.

Sucampo Pharmaceuticals, Inc. (NASDAQ: SCMP) 16.5% HIGHER; and Takeda Pharmaceuticals U.S.A., Inc. announced late yesterday lubiprostone met the primary endpoint in a phase 3 clinical trial for the treatment of opioid-induced bowel dysfunction (OBD) in patients with chronic, non-cancer pain, excluding those taking methadone.

Smart Technologies, Inc. (NASDAQ: SMT) 13.5% LOWER; reported Q3 EPS of $0.09, $0.04 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $185.1 million versus the consensus estimate of $179.23 million.

Idenix (Nasdaq: IDIX) 12.4% LOWER; despite news of the removal of a partial clinical hold on HCV nucleotide inhibitor, IDX184, shares are moving lower amid strong '7977 data from Gilead (Nasdaq: GILD).

MannKind Corporation (Nasdaq: MNKD) 13% LOWER; today announced the pricing of an underwritten public offering of 31,250,000 units, with each unit consisting of one share of its common stock and a warrant to purchase 0.6 of a share of its common stock. The shares of common stock and the warrants are being offered at a combined price to the public of $2.40 per unit. The gross proceeds to MannKind from this offering are expected to be $75.0 million.


Streetinsider.com's Hot Lunchtime Reads 02/03: (GLD) (ZNGA) (GILD) (EK)/(EKDKQ) (ZOLT) Feb 3, 2012 12:29PM

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

  • Kyle Bass: 'Keep Your Gold' (GLD) -> Read this!

  • Gilead (GILD) Issues Strong '7977 Update, Shares Move Higher -> Read this!

  • Firsthand Technology Value Fund (SVVC) Continues Parabolic Move On Facebook Hype, Shorts Licking Their Chops -> Read this!

  • Zynga (ZNGA) Investors: Thanks Facebook! -> Read this!

  • Shorts Clobbered as Zoltek (ZOLT) Rips Apart Q4 Views -> Read this!

  • Is Bankrupt Eastman Kodak (EKDKQ) Worth 8-Fold More? -> Read this!
And don't forget to get updated by our other Special Reports. Access those here.


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Feb 3, 2012 12:22PM Notable ETF Movers of the Day 02/03: (SPY) (XLF) (FXI) Higher; (VXX) (UNG) (GLD) Lower
Feb 3, 2012 11:08AM Notable Mergers and Acquisitions of the Day 02/03: (BBT) (XCO) (MNKD)
Feb 3, 2012 10:52AM Morning Movers 02/03: (THLD) (ZOLT) (HPOL) (MOTR) Higher; (PCCC) (STRI) (SMT) Lower
Feb 3, 2012 10:51AM Notable Analyst Rating Changes 02/03: (DNDN) (BBT) (NOV) Upgraded; (RIMM) (VRTX) (AET) Downgraded
Feb 3, 2012 09:31AM Pre-Open Movers 2/3: (ZOLG) (GILD) (URBN) Higher; (THQI) (EW) (APKT) Lower (more...)
Feb 2, 2012 05:56PM After-Hours Movers 02/02: (TRMB) (DRIV) (GNW) (NSR) Higher; (THQI) (APKT) (BBEP) (COLM) Lower
Feb 2, 2012 05:43PM Trading Radar for 02/03: Tyson Foods (TSN), Clorox (CLX), Moneygram (MGI), BEAM (BEAM) Report
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Feb 1, 2012 06:11PM After-Hours Movers 02/01: (GMCR) (RLD) (JDSU) (EA) Higher; (SFLY) (SD) (SHOR) Lower
Feb 1, 2012 05:54PM Trading Radar for 02/02: MasterCard (MA), Dow Chemical (DOW), Wynn Resorts (WYNN), Viacom (VIA-B) Report
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Jan 31, 2012 10:31AM Notable Stocks Trading Ex-Dividend Tomorrow 02/01: (PFE) (FNFG) (PSE) (VIVO)
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Jan 30, 2012 05:57PM After-Hours Movers 01/30: (NAVR) (HOLX) (MCK) Higher; (RSH) (REXX) (DRRX) (RCII) Lower
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