Thursday, May 10, 2012

Hot stocks to watch may 11 2012

Hot stocks to watch may 11 2012, Alere, JPMorgan, MBIA, Nordstrom, Sotheby’s : Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses, and prices are as of 5:05 p.m. in New York. Standard & Poor’s 500 Index futures expiring in June fell 0.6 percent to 1,349.30.

Alere Inc. (ALR) fell 8.3 percent to $20.46. The maker of medical diagnostics equipment received a subpoena from the Department of Health and Human Services related to quality testing and performance characteristics on Alere Triage products.

American Public Education Inc. (APEI) sank 9.4 percent to $28.87. The operator of the American Military University forecast profit in the second quarter will be no more than 47 cents a share, falling short of the average analyst estimate by 4 cents.

Darling International Inc. (DAR) tumbled 7.8 percent to $14.75. The meat- and bone-meal processor reported first-quarter earnings excluding some items of 24 cents, missing the average analyst estimate of 29 cents.

Dillard’s Inc. (DDS) rose 7 percent to $70.85. The Arkansas-based department-store chain reported first-quarter earnings excluding some items of $1.90 a share, beating the $1.67 average estimate of two analysts.

JPMorgan Chase & Co. (JPM) lost 4.6 percent to $38.88. The largest U.S. bank by assets said it lost about $2 billion from synthetic credit securities after positions proved riskier than expected.

MBIA Inc. (MBI US) decreased 1 percent to $9.72. The bond insurer’s adjusted book value fell to $32 a share on March 31 from $34.50 a share on Dec. 31.

Nordstrom Inc. (JWN) slid 5.1 percent to $50.80. The U.S. chain with more than 100 namesake department stores posted first-quarter profit that trailed analysts’ estimates as expenses for e-commerce investments increased.

Sotheby’s (BID) : The New York-based auctioneer reported a first-quarter loss as auction sales dropped 29 percent from a year earlier.

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