That is real dedication! Did you get the computer fixed?Originally Posted by ray
SIRIUS XM SATELLITE RADIO FORUM
That is real dedication! Did you get the computer fixed?
US HOT STOCKS:Gildan Activewear, Harley-Davidson, InfoSpace -2-
Last update: 2/12/2009 2:13:36 PM
U.S. stocks were lower Thursday as the Dow Jones Industrial average dropped 1.9% to 7786, the S&P 500 fell 1.9% to 818 and the Nasdaq Composite declined 0.9% to 1517.5. Among the companies whose shares are actively trading in the session are La Jolla Pharmaceutical Co. (LJPC), Pacer International Inc. (PACR) and Buffalo Wild Wings Inc. (BWLD).
The failure of its lead product candidate, Riquent, may be the end of the road for tiny biotech La Jolla Pharmaceutical ($0.19, -$2.12, -91.77%) and may leave recent partner BioMarin Pharmaceutical Inc. (BMRN, $19.45, $0.02, 0.10%) with a hole in its late-stage pipeline.
Shares of Pacer International ($5.64, -$2.93, -34.19%) hit an all-time intraday low Thursday as the logistics and freight company saw its stock-investment rating lowered after reporting it swung to a loss in the fourth quarter.
Buffalo Wild Wings ($29.00, $7.09, 32.36%) recorded strong growth at its company-owned stores. Chief Executive Sally Smith said the first quarter was off to a strong start, with same-store sales up 8% at the company-owned stores and 7% at franchised locations. Smith said the company's October expectations for 2009 - growth of 25% for revenue and 20% to 25% for net earnings - are achievable.
Initial reactions to the U.S. government's $789 billion stimulus bill indicate the plan may not do much for the home-building industry, depressing the sector's stocks Thursday. Among the home-building companies trading lower were Meritage Homes Corp. (MTH, $11.37, -$2.90, -20.32%), Centex Corp. (CTX, $8.36, -$1.23, -12.83%), Beazer Homes USA Inc. (BZH, $0.92, -$0.12, -11.54%) and industry giant Lennar Corp. (LEN, $6.81, -$0.86, -11.21%).
Terex Corp. (TEX, $9.30, -$4.32, -31.72%) shares fell precipitously, a day after the construction and mining equipment company reported it swung to a fourth-quarter loss and said it may be in violation of a credit-agreement covenant as early as the end of the first quarter.
Strayer Education Inc. (STRA, $187.48, -$38.39, -17.00%) reported fourth-quarter earnings and revenue in line with estimates but, continuing a recent trend in higher-education companies, shares sunk as investors were hoping for a more bullish report.
Chipotle Mexican Grill Inc.'s (CMG, $52.84, $5.42, 11.43%) fourth-quarter net income fell 3.2% on lower margins caused by increased food costs. But share rose as the quarter's results beat expectations and Chipotle announced it will open fewer stores this year than planned. The company said Wednesday that customer visits declined, though that was offset by higher prices.
Shares of TomoTherapy Inc. (TOMO, $2.75, $0.26, 10.44%) rose after the radiation therapy technology company's fourth-quarter results beat Wall Street expectations and it forecast full-year revenue ahead of estimates. Following the report, Soleil raised its investment rating on TomoTherapy to hold from sell.
Sirius XM Radio Inc. (SIRI, $0.07, $0.02, 30.18%) is seeking an investment from Liberty Media Corp., The Wall Street Journal reported, citing people familiar with the matter, in a last-ditch effort to fend off an unsolicited takeover approach from satellite entrepreneur Charles Ergen. The talks set the stage for a battle between the leading U.S. satellite-television providers - Liberty-controlled DirectTV Group Inc. (DTV, $23.28, $0.34, 1.48%) and Ergen's Dish Network Corp. (DISH, $12.90, -$0.08, -0.62%) - for control of the country's sole satellite-radio operator.
U.S. financial stocks fell sharply Thursday, led by big declines in banks, amid investor concerns that the group will need to raise more capital. U.S. Bancorp (USB, $12.90, -$2.09, -13.94%), Fifth Third Bancorp (FITB, $1.95, -$0.30, -13.33%) and Zions Bancorp (ZION, $11.22, -$1.39, -11.02%) were among the worst performers.
Other Stocks In Focus:
Piper Jaffray raised its investment rating on shares of AnnTayor Stores Corp. (ANN, $6.36, $0.44, 7.35%) to buy from neutral, saying the shares are inexpensive relative to earnings and cash. Piper also raised its 2010 estimates for the women's apparel retailer, citing the company's cost-saving moves.
Coca-Cola Co. (KO, $43.94, $2.67, 6.47%) posted an 18% decrease in fourth-quarter net income on write-downs, as its bottom line was hurt by the stronger dollar. But shares rose as the soda maker's earnings still topped analysts' expectations.
Bank of America-Merrill Lynch raised its stock-investment rating on Continental Airlines Inc. (CAL, $12.59, $0.69, 5.80%) to buy from neutral. Other airlines also traded higher, including AMR Corp. (AMR, $5.13, $0.17, 3.43%), US Airways Group Inc. (LCC, $4.47, -$0.11, -2.40%) and Delta Air Lines Inc. (DAL, $6.58, $0.11, 1.70%).
DineEquity Inc. (DIN, $7.58, -$0.26, -3.32%), parent of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, said late Wednesday that IHOP President Desmond Hague will resign, effective Feb. 20, to pursue a chief executive position at another company.
Ecolab Inc.'s (ECL, $32.12, -$2.13, -6.22%) fourth-quarter net income declined 29% amid a $19 million investment write-down and falling margins as the provider of cleaning and food-safety products and services said it will record a charge of $18 million in the fourth quarter and also projected first-quarter results below expectations.
Shares of Equinix Inc. (EQIX, $53.11, -$4.99, -8.59%) fell, a day after the company reported solid fourth-quarter results but trimmed its revenue guidance for the year.
Everest Re Group Ltd. (RE, $69.32, $4.74, 7.34%) swung to a fourth-quarter net loss as capital losses grew amid declining gross written premiums and revenue. But shares rose as Chief Executive Joseph V. Taranto said, "Our capital and underwriting fundamentals remain strong, and we are well-positioned to capitalize on future market opportunities."
Forestar Group Inc. (FOR, $8.56, -$0.33, -3.71%) shareholder Holland M. Ware said Thursday he is "no longer interested in acquiring the company," but remains interested as a more passive shareholder. Last month, Forestar said it received an unsolicited offer from Ware to acquire all of the diversified company's stock for $15 a share, or about $535.5 million.
Gildan Activewear Inc. (GIL, $7.79, -$2.42, -23.70%) reported lower fiscal first-quarter results and withdrew its earnings guidance for the year. The Montreal-based T-shirt maker said it suspended its earnings guidance of $1.10 to $1.30 a share - issued only a few months ago - because of the potential impact of the economic and financial crisis on the company's markets and customers.
Harley-Davidson Inc. (HOG, $11.88, -$1.53, -11.41%) slashed its quarterly dividend by 70% to 10 cents Thursday, as the motorcycle manufacturer looks for additional ways to save cash while it grapples with slumping demand and woes at its financial-services unit.
Internet infrastructure firm InfoSpace Inc. (INSP, $6.57, -$1.70, -20.56%) swung to a net loss for the fourth-quarter and predicted another loss for its second quarter.
JA Solar Holdings Co. (JASO, $2.64, -$0.38, -12.46%) again lowered its 2009 revenue target and cut its total production output, as tight credit markets and issues with project financing are expected to hurt the Chinese solar-cell manufacturer.
Las Vegas Sands Corp. (LVS, $3.50, -$0.48, -12.06%) swung to a fourth-quarter loss as earnings at its Las Vegas operations sank 81% and the casino operator said it's still trying to sell non-core assets amid a downturn in the gambling industry.
Life Technologies Corp. (LIFE, $30.53, $2.51, 8.96%) reported it swung to a fourth-quarter net loss on costs related to its acquisition of Applied Biosystems, although the company's earnings excluding items topped analysts views.
Shares of Canadian life insurers Manulife Financial Corp. (MFC, $14.67, -$1.08, -6.86%) and Sun Life Financial Inc. (SLF, $17.74, -$0.94, -5.03%) fell Thursday after both companies reported larger-than-expected losses in the fourth quarter.
Masco Corp.'s (MAS, $6.58, -$0.87, -11.68%) fourth-quarter net loss widened on sharply higher write-downs and slumping sales as the company projected 2009 results below analysts' expectations.
Nexen Inc. (NXY, $13.54, -$0.67, -4.71%) became the latest Canadian energy company to swing to a loss in the fourth quarter, hit by impairment charges and marketing losses, while a drop in oil prices ate into cash flow.
NetApp Inc. (NTAP, $16.31, $1.11, 7.30%) said it plans to cut 6% of its work force as the data-storage company said it swung to a fiscal third-quarter loss on lower sales and margins. Although revenue fell far short of Wall Street's expectations, earnings met estimates.
Power generator operator NRG Energy Inc.'s (NRG, $22.05, -$1.44, -6.13%) fourth-quarter net income more than doubled on $200 million of unrealized mark-to-market gains caused by falling commodity prices. However, analysts at CLSA noted that the company's adjusted per-share earnings were far below analysts' expectations.
Last edited by trippingthespeculatingpos; 02-12-2009 at 03:20 PM.
yes ,I have some help here thats sharp, when he showed up for work, I brought him in the house for a cup of joe, problem solved ,I picked up a bug trying to find news on siri I am shocked it got past the security or fire wall
Which firewall do you use? I use Trend Micro...it automatically updates all of the time in the background, you don't even notice it.
SBLK ya! down .58 @ 2.20 that may be the one for tomorrow for me...
Brief research on LVLT reveals 6.5 billion in debt and never made a profit. Havent you guys learned anything with Sirius?
Im looking at the banks right now. As expected, BAC is coming crashing down, down 10%. Didnt think AIB would be hit this hard with it, but it is even worse for them being down over 20%. Ford is another one that got hit hard today... I think all three are strong buys at this point. Ford wont recover as quickly, but the bank stocks will jump big tomorrow or monday (or both) so if you are looking for a quick 10-15% gain, get into the banks NOW.
you are really filling up the ol tool box
I am using nod
the bug Is one that changes your IP address so a system restore took care of it . I might have to change the fire wall
I am not going to put anything into LVLT.....that was for info purposes. I have been watching BAC and mulling that over. AIB is fine....it is just following the U.S. market, I do believe. It runs pretty parallel with the U.S. market. Ford is sure tempting again....It will just take a while to rebound. It is the 2nd most shorted stock, lol, behind SIRI. (I have to find some humor in this).
LVLT just got downgraded today along with CHTR Charter Communications which will go chapter 11 in the next couple of days.
LVLT is going to dive into TARP funds since they are big in broadband...that could be their saving grace, but not yet.
SBLK looks really good to me. They have done really well until yesterday and today. -.58 today @ 2.20.
Like Ray said, FNM and FRE could be great also.
There are a lot of bargains out there today.
ABK is on its way back up.
ETFC is doing good....I like it...it will take a long to see its full potential, but I am not afraid of it.
Ya, BAC is a good one.
I can't wait to get rid of AIB so I can put the money elsewhere, but it is not a do or die situation for me.
Ya, got to get it while it is cheap.
Sounds like a pretty nasty bug.
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