Special Reports

After-Hours Movers 12/02: KTCC, PSS, SEAC, BAC Higher; SIGM, SNPS, ARO, JAS, VRTX Lower Dec 2, 2009 05:51PM

Key Tronic Corp. (NASDAQ: KTCC) 24% HIGHER; updates guidance. The company sees Q210 revs of $42 - $44 million, versus $38 - $43 million prior. Also sees Q210 EPS of $0.10 - $0.13, up from $0.02 - $0.05 prior. There is no consensus for either estimate.

Sigma Designs, Inc. (Nasdaq: SIGM) 13% LOWER; reports Q3 EPS of $0.09, ex-items, 10 cents lower than the analyst estimate of $0.19. Revenue for the quarter was $35.5 million, which compares to the estimate of $46.01 million.

Synopsys (NASDAQ: SNPS) 8.4% LOWER; reports Q4 EPS of $0.33, ex-items, 1 cent better than the analyst estimate of $0.32. Revenue for the quarter was $338.3 million, which compares to the estimate of $339.43 million. Sees Q1 adj-EPS of $0.38-$0.40 on sales of $325-$333 million. The Street is currently looking for Q1 EPS and sales of $0.41 and $332.78 million, respectively. Sees Fy10 adj-EPS of $1.52-$1.62, versus the consensus of $1.68, on sales of $1.33-$1.35 billion, versus the Street estimate of $1.37 billion.

Aeropostale, Inc. (NYSE: ARO) 7.3% LOWER; reports Q3 EPS of $0.92, 1 cent better than the analyst estimate of $0.91. Revenue for the quarter was $567.8 million, which compares to the estimate of $565.18 million. Sees Q4 EPS of $1.20-$1.24, versus the consensus of $1.22.

Collective Brands Inc (NYSE: PSS) 7.2% HIGHER; reports Q3 adjusted EPS of $0.61, versus the analyst estimate of $0.49. Revenue for the quarter was $ 867 million, which compares to the estimate of $847.62 million. Same store sales up 3.1%.

SeaChange International (NASDAQ: SEAC) 5.7% HIGHER; reports Q3 EPS of $0.11, ex-items, 5 cents better than the analyst estimate of $0.06. Revenue for the quarter was $53 million, which compares to the estimate of $51.56 million. Sees Q4 adj-EPS of $0.09-$0.13, which compares to the Street estimate of $0.08. Sees FY11 sales of $225-$235 million, versus the consensus of $227.82 million.

Jo-Ann Stores, Inc. (NYSE: JAS) 4.2% LOWER; reports Q3 EPS of $0.90, 1 cent better than the analyst estimate of $0.89. Revenue for the quarter was $509.1 million, which compares to the estimate of $509.10 million. Same store sales rose 4.3%. Reaffirms outlook for FY10 EPS and same store sales.

Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) 2.2% LOWER; today announced that it intends to offer, subject to market and other conditions, 10,000,000 shares of its common stock in an underwritten public offering under an effective shelf registration statement on file with the Securities and Exchange Commission. Vertex intends to grant the underwriters an option to purchase up to an additional 1,500,000 shares of its common stock.

Bank of America (NYSE: BAC) 0.5% HIGHER; CNBC's Charlie Gasparino has reported that BofA will raise capital in order to pay back the $45 billion it owes taxpayers from the TARP.

To get this report daily, visit http://www.streetinsider.com/entities/After-Hours+Movers.

Trading Radar for 12/3: Marvell (MRVL), Toll Bros. (TOL), Del Monte (DLM), Smith & Wesson (SWHC) Report Dec 2, 2009 03:38PM

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

Before Market Opens:
Economics:
8:30am EST

• Initial Claims - Street sees 480K
  
  
• Continuing Claims - Street sees 5400K
  
  
• Productivity Rev. - Street sees 8.5%
  
  
• Employment Cost Index - no Street consensus

Earnings:

Argon ST (NASDAQ: STST) – consensus EPS $0.31
Canadian Imperial Bank of Commerce (NYSE: CM) – consensus EPS $1.37
Toronto Dominion Bank (NYSE: TD) – consensus EPS $1.26

Intraday or Not Specified:
Economics:
10:00am EST

• ISM Services - Street sees 51.5

Earnings:

A-Power Energy Generation Systems, Ltd. (NASDAQ: APWR) – consensus EPS $0.31
Cossette Communications (NYSE: KOS) – no consensus
Del Monte Foods (NYSE: DLM) – consensus EPS $0.21
Kewaunee Scientific (NASDAQ: KEQU) – no consensus
Marvell Technology Group Ltd. (NASDAQ: MRVL) – consensus EPS $0.27
Mentor Graphics (NASDAQ: MENT) – consensus EPS $0.01
Quanex (NYSE: NX) – consensus EPS $0.19
Siemens AG (NYSE: SI) – no consensus
Smith & Wesson Holding Corporation (NASDAQ: SWHC) – consensus EPS $0.09
Toll Brothers (NYSE: TOL) – consensus loss $0.46
UTi Worldwide Inc. (NASDAQ: UTIW) – consensus EPS $0.19

After Market Closes:
Earnings:

American Software (NASDAQ: AMSWA) – consensus EPS $0.07
Cost Plus (NASDAQ: CPWM) – consensus loss $1.10
Diamond Foods, Inc. (NASDAQ: DMND) – consensus EPS $0.81
Liquidity Services Inc (NASDAQ: LQDT) – consensus EPS $0.12
Magma Design Automation, Inc. (NASDAQ: LAVA) – consensus EPS $0.02
Novell, Inc. (NASDAQ: NOVL) – consensus EPS $0.07
XETA Technologies (NASDAQ: XETA) – no consensus

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Unusual 11 Mid-Day Movers 12/02: ABCW, BIOF, GRH, STEM Higher; HEB, HDY, BGP, CBAK Lower Dec 2, 2009 01:58PM

Anchor BanCorp Wisconsin Inc. (Nasdaq: ABCW) 43.2% HIGHER; today announced that it has entered into agreements with Badger Anchor Holdings, LLC, pursuant to which Badger Holdings will make up to a $400 million investment in Anchor. Click here to see the full report.

Hemispherx BioPharma (AMEX: HEB) 41.8% LOWER; smashed as FDA recommends another Ampligen study. Says can't approve application in its present form. Click here for the full report.

BioFuel Energy (Nasdaq: BIOF) 35.3% HIGHER; the stock jumped nearly 38% yesterday amid reports that the EPA said that a recent test showed that cars can handle increased ethanol fuel content.

GreenHunter Energy (AMEX: GRH) 35% HIGHER; may be trading higher for similar reasons as BioFuel and other alternative energy, specifically biofuel and ethanol plays. As this stock is often considered a momentous, speculative stock, it often swings sharply up or down as volume gets heavier.

StemCells (Nasdaq: STEM) 28.7% HIGHER; the stock spiked higher intraday amid reports from the NIH that it has approved 13 stem-cell lines for NIH-funded research.

CompuCredit (Nasdaq: CCRT) 24.9% HIGHER; since November 11 (14 trading sessions ago), the stock has only closed higher once. Over this time period, the stock has fallen by nearly 38%. Today's move, then, is likely a correction from so much downside as shorts take profits.

Opexa Therapeutics, Inc. (NASDAQ: OPXA) 21.9% HIGHER; today announced that Jaye Thompson, Ph.D. has been hired to lead the Company's efforts to further the clinical development of Tovaxin, Opexa's flagship therapy for MS. Additionally, Dawn McGuire, M.D., Opexa's expert clinical advisor and member of the Company's Clinical Advisory Board has agreed to further increase her advisory role in the Company and to represent Opexa as its acting Chief Medical Officer.

HyperDynamics (NYSE: HDY) 12.8% LOWER; correcting following several days of upside amid news of an exclusive deal with Repsol.

Borders Group (NYSE: BGP) 10.9% LOWER; since reporting Q3 results on November 24, the stock has fallen everyday, its price dropping by more than 53$.

China BAK Battery, Inc. (NASDAQ: CBAK) 8.8% LOWER; reports Q4 loss of $0.02, 1 cent better than the analyst estimate of ($0.03). Revenue for the quarter was $57.6 million, which compares to the estimate of $54.80 million. The stock was also downgraded at Roth Capital.

Javelin Pharmaceuticals, Inc. (Amex: JAV) 6.8% LOWER; today announced that it has submitted a New Drug Application to the US FDA for its investigational product candidate, Dyloject(TM) (diclofenac sodium) Injection, for the management of acute moderate-to-severe pain in adults.

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

Notable ETF Movers 12/2: GDX, TUR Up; UNG, USO, THD Down Dec 2, 2009 12:53PM

StreetInsider.com Notable ETF Movers:

HIGHER;

• Market Vectors Gold Miners ETF (NYSE: GDX) up 2.35% to $54.94. Gold maintains a high level after breaking through a record high of $1200 yesterday. Investors, losing faith in the Dollar and other currencies, are still trudging towards tangible metals.
  
  
• iShares MSCI Turkey Invest Mkt Index (NYSE: TUR) shares are up 3.93% to $49.44. J.P. Morgan recently upgraded the sector, noting that Turkish exporters may benefit from a European bounce-back. Markets in Turkey were closed at the end of last week to observe a religious holiday, but stocks traded down as fears of Gulf investors exiting the region arose. This week, on eased Dubai fears, many investors are putting their cash to work in Turkey’s banking system, which has recently benefitted from lower interest rates.

LOWER:

• United States Natural Gas (NYSE: UNG) down 3.65% to $8.71. Natural gas is definitely not a benefactor of Global Warming unless we find some way to power our A/C units with it.
  
  
• United States Oil Fund LP (NYSE: USO) down 2.30% to $38.71. Share are trading lower on crude inventories rising by 2.1 million barrels, almost triple the analyst estimate of 800,000 barrels.
  
  
• iShares MSCI Thailand Invest Mkt Index (NYSE: THD) down 2.68% to $40.63. The Thai government suspended several big construction projects valued at about $12 billion due to environmental concerns. The Bank of Thailand remarked that the suspension of these projects may affect Thailand’s GDP by as much as 0.5% in 2010.

Notable Analyst Rating Changes 12/2: AMR/UAUA, RFMD, STI, SAY, KBH, BBT Upgraded; STZ, MTL, BWP, POM Downgraded Dec 2, 2009 12:06PM

UPGRADES:
Morgan Stanley upgrades the airline sector to Attractive. Morgan upgraded two companies:

• AMR Corp. (NYSE: AMR) from Equal Weight to Overweight; and
  
  
• UAL Corp. (NYSE: UAUA) from Equal Weight to Overweight.

UBS upgrades RF Micro Devices (NASDAQ: RFMD) from Neutral to Buy.

Credit Suisse upgraded SunTrust Banks (NYSE: STI) form Neutral to Outperform and raised their price target to $29.

JPMorgan has upgraded Satyam (NYSE: SAY) from Neutral to Overweight.

Credit Suisse upgrades KB Home (NYSE: KBH) from Neutral to Outperform.

Credit Suisse upgrades BB&T Corp (NYSE: BBT) from Underperform to Neutral.

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

DOWNGRADES:
Goldman Sachs downgrades Constellation Brands (NYSE: STZ) from Neutral to Sell. Click Here for more color.

Credit Suisse downgrades Mechel OAO (NYSE: MTL) from Neutral to Underperform. Price target increased from $13.30 to $16.

Wells Fargo downgrades Boardwalk Pipeline Partners, L.P. (NYSE: BWP) from Outperform to Market Perform. Valuation range: $27-$29.

Credit Suisse downgrades Pepco Holdings (NYSE: POM) from Buy to Neutral. Price target $16.

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

NEW COVERAGE:
Morgan Stanley started coverage on several healthcare companies:

• Lifepoint Hospitals (NASDAQ: LPNT) with an Overweight rating;
  
  
• Health Management Associates (NYSE: HMA) with an Equalweight rating;
  
  
• Community Health Systems (NYSE: CYH) with an Equalweight;
  
  
• Tenet Healthcare (NYSE: THC) with an Underweight; and
  
  
• Universal Health Services (NYSE: UHS) with an Underweight rating.

Goldman Sachs initiates coverage on Dole Food (NASDAQ: DOLE) with a Neutral rating and $15 price target. Wells Fargo also initiated coverage on Dole Food with a Market Perform rating and valuation range $12-14. Click Here for more color.

Calyon Securities initiates coverage on QUALCOMM (NASDAQ: QCOM) with an Outperform rating and a $52 price target.

J.P. Morgan resumes coverage on Express Scripts (NASDAQ: ESRX) with an Overweight rating. Price target increased to $102.

Macquarie initiates coverage on JA Solar (NASDAQ: JASO) with an Outperform rating. Price target $5.

Hapoalim Securities initiates coverage on Genzyme (NASDAQ: GENZ) with a Hold. Price target $55.

BMO Capital initiates coverage on CONSOL Energy (NYSE: CNX) with a Market Perform rating.

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