Monthly Archives: April 2012
Today’s 52 Week Highs and Lows
NYSE
New Highs 24 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Alliance Data Sys ADS 128.45 135,458 Ares Cap Corp. 7% Nts ARN 25.84 300 Chubb Corp CB 72.08 216,866 Diageo PLC DEO 101.85 74,453 Dillards Cp Tr I 7.5% pfd DDT 25.54 2,499 GlaxoSmithKline ADS GSK 46.93 700,289 Global Cash Access GCA 8.34 51,638 Hershey HSY 62.70 130,494 InterCont Hotels Grp IHG 23.76 160,753 Kimco Realty Dep 6 Pfd I KIMpI 25.02 35,038 LaSalle Hotel Prprts LHO 29.98 182,685 Marriott Intl MAR 39.61 698,663 Myers Industries MYE 17.54 11,659 NextEra Engy Deb. G 2072 NEEpG 25.67 17,248 Northstr Rlty Fin 8.75% A NRFpA 24.90 1,200 Novo Nordisk NVO 151.90 9,130 PPG Industries PPG 99.00 119,601 PennyMac Mortgage Inv Tr PMT 19.51 13,542 Rackspce Host RAX 60.00 181,614 Schiff Nutrition Intl WNI 14.13 3,477 Tata Motors ADS TTM 30.43 565,422 VMware Inc VMW 118.79 1,011,733 Wabtec WAB 81.31 30,266 Wyndham Worldwide WYN 48.00 98,430 New Lows 21 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ AbitibiBowater ABH 13.00 9,448 Banco Bilbao Argentaria BBVA 6.53 271,128 Banco Santander STD 6.11 10,169,754 Chunghwa Tele CHT 29.66 38,987 ConocoPhillips Wi COPw 54.30 16,045 Enerplus ERF 17.82 291,674 France Telecom FTE 13.07 628,194 GFI Group GFIG 3.24 4,590 Great North Iron Ore Prop GNI 68.80 12,889 KT Crp ADS KT 13.01 56,290 Mesa Royalty Tr MTR 33.00 1,491 Nokia NOK 3.79 11,543,290 Nortel Inversora ADS NTL 17.41 1,700 Pampa Energia ADS PAM 7.17 4,000 Promotora Info ADS B PRIS/B 3.41 2,300 Promotora de Info ADS PRIS 2.28 5,000 Pulse Electronics PULS 2.10 2,700 Telefonica TEF 14.22 1,284,679 Ultra Petroleum UPL 18.12 139,945 World Wrestling WWE 7.86 38,931 YPF SA YPF 12.48 504,580
NASDAQ
New Highs 22 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Catalyst Health Solutions CHSI 86.11 247,326 Cost Plus CPWM 19.51 33,608 eBay EBAY 39.82 9,484,146 Flexsteel Industries FLXS 20.61 1,970 Fresh Market TFM 52.93 9,361 HomeStreet HMST 34.59 600 Horizon Bancorp (Indiana) HBNC 20.40 2,776 Interphase INPH 7.39 52,720 Madison Square Garden MSG 35.35 8,589 Mellanox Techs MLNX 59.57 662,121 Merrimack Pharmaceuticals MACK 8.89 28,282 Monarch Fincl Hldgs MNRK 9.20 6,166 Nortek NTK 45.62 300 Penn National Gaming PENN 46.48 353,594 Pool POOL 39.49 33,305 Regeneron Pharmaceuticals REGN 126.39 87,952 SXC Health Solutions SXCI 90.92 252,468 John B Sanfilippo & Son JBSS 13.58 5,193 Sourcefire FIRE 51.73 26,227 Thomas Properties TPGI 4.80 1,500 Tractor Supply Co TSCO 100.00 45,489 Verisk Analytics Inc VRSK 48.19 18,356 New Lows 19 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Apollo Grp (Cl A) APOL 35.26 273,472 Baldwin & Lyons A BWINA 20.51 233 Brightpoint CELL 7.03 37,883 Cleveland BioLabs CBLI 1.45 21,107 Education Management EDMC 12.06 24,240 Groupon Inc GRPN 11.82 161,355 InterDigital IDCC 31.65 18,780 MannKind MNKD 2.01 120,935 Marchex (Cl B) MCHX 3.55 17,831 NIC EGOV 9.97 327,054 National Amer University NAUH 5.27 2,600 Peerless Manufacturing Co PMFG 12.92 5,553 Polycom PLCM 12.51 874,938 Prima Biomed Ltd. ADS PBMD 7.50 800 SMF Energy FUEL 0.23 54,702 UniTek Global Services UNTK 2.90 367 Wacoal Hldgs Corp WACLY 55.16 1,256 Wave Systems (Cl A) WAVX 1.36 16,892 ZELTIQ Aesthetics ZLTQ 5.35 44,031Comments »
Existing Home Sales Disappoint Big Time
Philadelphia Fed Index: Prior 12.5, Market Expects 10.3, Actual 8.5…Leading Indicators up 0.8% vs Consensus of 0.7%
Oppenheimer: S&P May Be on Path to 10 Percent Dip
Facebook Shoots for May 17th as IPO Date
AIG Revises 2010, 2011 Results on Accounting Magic
Travelers, $TRV, Hits a Home Run by Crushing Estimates
Bank of America’s Moynihan: ‘We’ve Seen the Bottom in the Mortgage Business’
Nomura is Out With a 2012 & 2013 Global Report
“The global economy is expected to slow in 2012. As Europe enters a recession, the effects will trickle down to the rest of the world, write economists at Nomura.
Global GDP is projected to grow 3.4 percent in 2012, down from 3.7 percent last year. The biggest risks to the global economy stem from oil price spikes, a deterioration in the European crisis, the U.S. fiscal cliff effect at the end of the year, and an investment slump in China.
Growth is expected to be driven by emerging markets with collective GDP projected to rise 5.9 percent this year, compared with 1.3 percent expected for developed economies.
Nomura offered outlooks and commentary on individual countries….”
Comments »Rumors Circulate on a Nokia, $NOK, Bankruptcy
“Nokia just blew Q1 earnings in part because sales of its new iPhone-killer, the Lumia, have been “mixed.” (Read our Lumia review here.)
That’s bad.
But here’s what’s worse.
The company is burning cash at a mind-boggling rate, and it’s about to run into a cash crunch.
Nokia still has €4.9 billion of “net cash” on its balance sheet (cash less debt) and €9.8 billion of total cash. That’s a lot. But in the past year, Nokia has gone from comfortably making money to losing a lot of it.
In the past year, Nokia has burned €1.5 billion. In the past quarter, it burned a staggering €700 million. At the first quarter’s burn rate, Nokia would blow through its net cash in 7 quarters (less than two years) and its total cash in four years.
The cash situation has gotten dire enough that Nokia CEO Stephen Elop is already talking about the need to conserve it. When a company that knows it needs to be super-aggressive to have any chance of saving itself starts talking about the need to conserve cash, you know there’s a problem…”
Comments »Exxon Mobil, $XOM, Gets Shunned From Bidding on Iraq Oil Exploration
Upgrades and Downgrades This Morning
“Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) Raised to Outperform as Bull of the Day at Zacks.
Apple Inc. (NASDAQ: AAPL) Reiterated Buy and Raised target to $740 at Canaccord Genuity.
Automatic Data Processing, Inc. (NASDAQ: ADP) Reiterated Outperform with $65 target at Credit Suisse.
Corinthian Colleges Inc. (NASDAQ: COCO) Raised to Equal-weight at Barclays.
eBay Inc, (NASDAQ: EBAY) Raised to Buy at Benchmark; Raised to Overweight at Piper Jaffray; maintained as Hold at Canaccord Genuity.
F5 Networks, Inc. (NASDAQ: FFIV) Raised to Buy at Wunderlich.
Intel Corporation (NASDAQ: INTC) Reiterated Buy with $34 target at Argus.
Navistar International Corporation (NYSE: NAV) Cut to Market Perform at Wells Fargo.
Zynga, Inc. (NASDAQ: ZNGA) Raised to Hold at Needham.”
Comments »Gapping Up and Down This Morning
Gapping up
HGSI +103.3%, MLNX +22.1%, GILD +14.8%, EBAY +8.7%, FFIV +6.3%, MS +6.2%, BAC +3.4%, MAR +3.1%, VMW +2%, UNH +1.2%
Gapping down
PLCM -5.1%, QCOM -3.6%, EMC -3.4% SCSS -2.8%, YUM -2%, STD -2.0% SWK -1.9%, NOK -0.8%
Comments »U.S. Equity Preview: $YUM, $SLM, $QCOM, $MAR, $FFIV, $EBAY, & $CLB
“Core Laboratories NV (CLB) : The company that maps and analyzes oil fields using core samples had first-quarter earnings excluding some items that met the average analyst projection, data compiled by Bloomberg show.
EBay Inc. (EBAY) : The world’s largest Internet marketplace reported sales and profit that topped analysts’ estimates, led by growth in its PayPal online-payments business.
F5 Networks Inc. (FFIV) : The software maker said annual revenue will climb at least 20 percent and said second-quarter adjusted earnings were $1.09 a share, exceeding the $1.07 average analyst projection. Revenue also beat estimates, data compiled by Bloomberg show.
Marriott International Inc. (MAR) : The largest publicly traded U.S. hotel chain had first-quarter revenue that exceeded analyst projections and raised its 2012 earnings estimate to as much as $1.69 a share, compared with the $1.60 average forecast of analysts surveyed by Bloomberg.
Qualcomm Inc. (QCOM) : The largest maker of mobile-phone chips projected third-quarter sales and profit that fell short of analysts’ estimates as it increases spending to improve output of chips.
SLM Corp. (SLM) : The student lender known as Sallie Mae said first-quarter earnings were 55 cents a share, exceeding the average analyst estimate.
Yum! Brands Inc. (YUM) : The owner of the KFC and Taco Bell restaurant chains had comparative sales in China that trailed the average estimate.”
Comments »In Play and On the Wires
Initial Claims: Prior 380k, Market Expects 375k, Actual 386k; Futures Fall Off
$MS, $EBAY, $AXP, $VZ, & $BAC Beat Analyst Estimates
DuPont Misses Estimates by $0.03 Per share
The IMF Raises $320 Billion to Help Combat the Eurozone Debt Crisis; Short of Estimates
“WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday it had raised $320 billion so far in a bid to boost its firepower to deal with the euro zone debt crisis, with Poland and Switzerland joining the effort.
IMF Managing Director Christine Lagarde said she had received commitments of $34 billion on Wednesday, including $8 billion from Poland and “a substantial amount” from Switzerland.
“Ensuring that the Fund has sufficient resources to tackle crises and to promote global economic stability is in the interests of all our members,” she said in a statement.
Lagarde is hoping to secure at least $400 billion in commitments from finance officials from around the globe, who meet this week in Washington under the auspices of the Group of 20 nations and the IMF and World Bank….”
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