Wednesday, May 9, 2012

Hot stock to watch may 10 2012

Hot stock to watch may 10 2012 : Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 5:30 p.m. in New York. Standard & Poor’s 500 Index futures expiring in June fell 0.3 percent to 1,347.10.

Activision Blizzard Inc. (ATVI) : The largest video-game publisher posted first-quarter sales and profit that beat analysts’ estimates.

Cisco Systems Inc. (CSCO) dropped 7.9 percent to $17.29. The largest maker of equipment for computer networks forecast fourth-quarter sales of $11.42 billion to $11.75 billion, below the average analyst estimate of $12 billion.

MEMC Electronic Materials Inc. (WFR) sank 3.7 percent to $3.13. The second-largest U.S. polysilicon maker posted a first- quarter loss 20 times greater than a year earlier, as sales and prices fell.

Monster Beverage Corp. (MNST) jumped 13 percent to $73.75. The distributor of energy drinks and fruit juices reported first-quarter sales of $454.6 million, beating the average analyst estimate of $447.1 million.

News Corp. (NWSA) rose 2.2 percent to $19.80. The media company posted third-quarter profit excluding some items of 37 cents a share, beating the average analyst estimate of 31 cents. News Corp. also doubled its stock-buyback program to $10 billion.

Priceline.com Inc. (PCLN) declined 3.9 percent to $691.01. The biggest U.S. online travel agency by market value forecast second-quarter earnings will be no more than $7.40 a share, falling short of the average analyst estimate of $7.43.

Silicon Graphics International Corp. (SGI) erased 12 percent to $8. The maker of computer servers forecast a loss in the fourth quarter of at least 37 cents a share. Analysts on average estimate a profit of 16 cents a share.

Tesla Motors Inc. (TSLA) rallied 7.6 percent to $32.33. The maker of battery-powered cars run by entrepreneur Elon Musk narrowed its forecast for revenue in 2012 to between $560 million and $600 million after earlier projecting sales of as little as $550 million.

Universal Display Corp. (PANL) tumbled 22 percent to $30.65. The developer of technologies used in flat-panel displays reported first-quarter sales of $12.6 million, missing the average analyst estimate of $16.5 million.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

No comments:

Post a Comment