Martes 13/07/10 Alcoa reporto mejores utilidades

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JULY 13, 2010, 5:02 P.M. ET
US HOT STOCKS: Intel, Yum Brands Active In Late Trading
U.S. stocks closed higher Tuesday as the Dow Jones Industrial Average gained 146.75 points to 10363.02, the Standard & Poor's 500 rose 16.59 points to 1095.34 and the Nasdaq Composite moved up 43.67 points to 2242.03. Among the companies whose shares are actively trading in the after-hours session are Intel Corp. (INTC), Yum Brands Inc. (YUM) and Annaly Capital Management Inc. (NLY).


Intel blew away Wall Street estimates with its second-quarter results, but the chip giant's closely watched gross margins were even more impressive, as the company raised its outlook for 2010 to 66% from 64%. Meanwhile, Intel's guidance for third-quarter revenue and gross margin was above the consensus. Chief Executive Paul Otellini said it was the best quarter in the company's 42-year history. Intel climbed 5.1% to $22.10 in after-hours trading, as peers Advanced Micro Devices Inc. (AMD) rose 5.1% to $7.90 and Nvidia Corp. (NVDA) moved up 3.5% to $10.78.


Yum Brands' second-quarter earnings fell 3.6% after a large prior-year gain, but core results rose above analysts' expectations and the fast-food company boosted it profit projection for the year. But shares were down 2.8% to $40.55 in after-hours trading as the company's new view remained shy of Wall Street expectations.


Annaly Capital Management announced plans to sell up to 60 million shares in common stock, with plans to use the proceeds to purchase mortgage-backed securities for its investment portfolio. The real-estate investment trust said it also plans to use the proceeds for general corporate purposes, which could include additional investments and debt repayment. Shares fell 2.9% to $17.74 in after-hours trading, as the offering would increase the number of shares outstanding by about 11%.


Magellan Midstream Partners LP (MMP) said it plans to sell five million common units in a public offering. The partnership intends to use the proceeds to pay a portion of the purchase price for the partnership's previously announced, pending acquisition of petroleum storage and pipeline assets. The energy partnership has 106.7 units outstanding. Shares fell 3.5% to $46.55 after-hours.

Regular-Session Movers
Alcoa Inc. (AA, $11.00, +$0.13, +1.20%) swung to a second-quarter profit on increased volume despite lower aluminum prices. Earnings topped expectations by a penny, and the aluminum-products maker raised its outlook for aluminum consumption growth. Century Aluminum Co. (CENX, $9.93, +$0.34, +3.55%) also rose.


Amedisys Inc. (AMED, $26.57, -$8.45, -24.13%), the nation's largest home-health care provider, said the makeup of its patients changed unexpectedly during its second quarter, leading to a disappointing period that worsened as it went on, forcing the company to re-evaluate its growth and corporate structure and suspend its full-year guidance. The executives said they didn't believe ongoing investigations by the Securities and Exchange Commission and the Senate Finance Committee were a direct factor in the declining results, again reiterating they plan to cooperate. Also sliding were Almost Family Inc. (AFAM, $26.36, -$2.36, -8.22%), Gentiva Health Services Inc. (GTIV, $22.30, -$1.87, -7.74%) and LHC Group (LHCG, $23.02, -$1.23, -5.07%).


The U.S. Food and Drug Administration said Tuesday a proposed Vivus (VVUS, $12.44, +$1.79, +16.81%) weight-loss drug resulted in "significant" reductions in body-weight among patients in clinical trials. Qnexa faces a review by the FDA's endocrinologic and metabolic drugs advisory committee Thursday which will vote on whether it thinks Qnexa should be approved. Meanwhile, the case is being carefully watched by other companies with obesity drugs in development including Arena Pharmaceuticals Inc.'s (ARNA, $4.20, +$0.41, +10.82%) and Orexigen Therapeutics Inc. (OREX, $5.00, +$0.84, +20.19%), which face panel reviews on their own treatments.


CommVault Systems Inc. (CVLT, $18.35, -$5.12, -21.82%) reported preliminary first-quarter results that showed a sequential decline and would miss Wall Street's expectations, as the data-storage company said it saw "an unprecedented amount of deals" that failed to close in both the Americas and Europe. Stifel Nicolaus downgraded the stock to hold from buy saying the disappointing results could partially appear to be execution driven.


American International Group Inc.'s (AIG, $37.99, +$2.42, +6.80%) biggest private shareholder, Bruce Berkowitz, has expanded his stake as his fund-management company increased its common-stock holdings in the insurer. According to a filing with the Securities and Exchange Commission, Berkowitz's Fairholme Capital Management now holds a 24% stake, up from 19%. Berkowitz also disclosed an 11% stake in bond insurer MBIA Inc. (MBI, $7.17, +$0.74, +11.51%), giving a boost to Ambac Financial Group Inc. (ABK, $0.70, +$0.05, +7.19%), Radian Group Inc. (RDN, $8.69, +$0.62, +7.68%) , MGIC Investment Corp. (MTG, $8.11, +$0.25, +3.18%) and PMI Group Inc. (PMI, $3.48, +$0.39, +12.62%).


Tyco Electronics Ltd. (TEL, $25.92, +$0.64, +2.53%) said it will acquire ADC Telecommunications Inc. (ADCT, $12.52, +$3.67, +41.47%) for about $1.25 billion as the maker of electronic components also unveiled better-than-expected preliminary results for its fiscal third quarter.


Apple Inc. (AAPL, $251.80, -$5.49, -2.13%) continued to decline after Consumer Reports magazine said Monday that the product-reviews publication can't recommend the iPhone 4 to shoppers because of persistent reception issues caused by touching the phone. The comments by the publication add to a pile of complaints about the iPhone 4's ability to handle voice calls and increased speculation of a potential recall on the device. Kaufman Brothers said the growing antenna attention could create risk, though the firm reiterated its buy rating and said it continues to believe there is an easy fix for the issue.


Financial stocks were among the better performers on the day, with investment banks Morgan Stanley (MS, $25.66, +$1.10, +4.48%) and Goldman Sachs Group Inc. (GS, $140.25, +$3.00, +2.19%) both rising, while banks Citigroup Inc. (C, $4.30, +$0.19, +4.62%), Bank of America Corp. (BAC, $15.67, +$0.46, +3.02%), Wells Fargo & Co. (WFC, $27.94, +$0.88, +3.25%) and J.P. Morgan Chase & Co. (JPM, $40.48, +$1.29, +3.29%) climbed as well.


Allis-Chalmers Energy Inc. (ALY, $2.35, +$0.24, +11.37%) acquired closely held American Well Control Inc. in a cash-and-stock deal valued at $19.3 million, expanding the oilfield-services company's assets in the shale-gas sector. It will pay $17.2 million and issue one million shares for American Well, which makes pressure valves used in hydraulic fracturing that is used to tap shale-gas fields.


J.P. Morgan cut its stock-investment rating on ATP Oil & Gas Corp. (ATPG, $9.80, -$0.63, -6.04%) to underweight from neutral, saying the stock is trading at a premium and the energy company's financing needs are likely greater than the market thinks.


BioMimetic Therapeutics Inc. (BMTI, $9.98, -$1.00, -9.11%) said it plans to sell 5 million shares to raise money for developing and commercializing its pipeline. The biotechnology company now has about 22.1 million shares outstanding.


Borders Group Inc. (BGP, $1.61, +$0.14, +9.52%), the second-largest U.S. bookstore chain by revenue, has agreed to sell its Paperchase stationery and gifts business to British private-equity firm Primary Capital Ltd. for $31 million.


Brooks Automation Inc. (BRKS, $9.03, +$1.01, +12.59%), a semiconductor-equipment maker, raised its fiscal third-quarter outlook on continued strong demand.


California Pizza Kitchen Inc. (CPKI, $16.04, +$1.32, +8.97%) said second-quarter sales fell less than feared, prompting the restaurant chain to boost its profit target for the period.


Cerner Corp. (CERN, $78.52, -$1.79, -2.23%) said second-quarter results will be at or above prior expectations as the health-care information-technology company announced President Trace Devanny is stepping down after 11 years in the post to pursue other opportunities. Chairman and Chief Executive Neal Patterson will assume the president's post.


Engine maker Cummins Inc.'s (CMI, $73.73, +$3.07, +4.34%) raised its quarterly dividend by 50% to 26.25 cents a share from 17.5 cents. It's the first dividend increase for the company in two years. Chief Executive Tim Solso said the increase underscores the company's financial strength even after difficult economic conditions the past two years.


MKM Partners upgraded Cheesecake Factory Inc. (CAKE, $25.89, +$1.53, +6.28%) to buy from neutral on valuation, saying shares of the restaurant chain have yet to price in a 2011 recovery and concerns about a steep drop in sales may be overdone.


Chevron Corp. (CVX, $73.23, +$1.38, +1.92%) said it expects second-quarter profit to be higher than the previous quarter, driven by significantly higher earnings from its refining and sales operations because of stronger refining margins as well as the stronger dollar. The second-largest U.S. oil company by market value after Exxon Mobil Corp. (XOM, $59.42, +$0.48, +0.81%) also said in an interim update that earnings in its production and exploration operations will be in line with its first quarter.


Shares of Emcor Group Inc. (EME, $25.42, +$1.66, +6.99%) climbed after FBR Capital Markets raised its stock-investment rating to outperform from market perform, predicting the electrical contractor may top consensus estimates for the second quarter and raise its full-year guidance.


Hi-Tech Pharmacal Co.'s (HITK, $21.22, -$1.39, -6.15%) fiscal fourth-quarter earnings rose 27% as the pharmaceutical company's sales improved thanks to a prior-year acquisition. But profit missed analysts' expectations.


Infosys Technologies Ltd. (INFY, $59.43, -$3.59, -5.70%) reported a 2.4% fall in its first-quarter net profit, missing analysts' expectations, but raised its outlook for the current fiscal year, reflecting the software services exporter's confidence in a sustained recovery in demand for outsourcing services.


Stifel Nicolaus raised its rating on Insituform Technologies Inc. (INSU, $23.67, +$2.18, +10.14%) to buy from hold, saying the maker of pipes to fix sewers and tunnels is seeing higher revenue and profit in sewer rehab, at Titeliner and at Bayou Cos and its major joint venture. The firm said the company's new CEO has had a "significant, positive impact" on the company in terms of profitability and long-term growth strategy.


Invesco Ltd. (IVZ, $19.43, +$1.18, +6.47%) reported a 24% increase in assets under management in June from May, aided by the acquisition of Morgan Stanley's retail business. The global asset manager's June was "meaningfully better" than Sandler O'Neill expected.


KLA-Tencor Corp. (KLAC, $31.27, +$1.76, +5.96%) boosted its quarterly dividend by two-thirds as the chip-equipment maker said it has "strong cash flows" and a "solid balance sheet."


L-1 Identity Solutions Inc. (ID, $7.21, -$0.30, -3.99%) warned its revenue for the first half of the year would fall below its previously provided guidance, though it said adjusted earnings would be within previous expectations.


Baird boosted its rating on several lodging real-estate investment trusts, saying it expects stronger-than-previously-assumed revenue per available room, or Revpar, trends during the second quarter. The firm boosted its rating on LaSalle Hotel Properties (LHO, $22.19, +$1.51, +7.30%) to neutral and Sunstone Hotel Investors Inc. (SHO, $10.15, +$0.60, +6.28%) and Marcus Corp. (MCS, $10.10, +$0.84, +9.07%) to outperform.


MoneyGram International Inc. (MGI, $2.49, +$0.13, +5.51%) hired James Shields as chief financial officer, effective Tuesday. He succeeds Jeffrey Woods, who left the second-largest U.S. money-transfer service behind Western Union Co. (WU, $16.00, +$0.10, +0.63%) in January for "personal reasons" after only five months on the job.


Novellus Systems Inc. (NVLS, $28.26, +$1.55, +5.80%) swung to a second-quarter profit and sales more than doubled as chip makers benefited from a big rebound in demand after the sharp drop a year earlier. The semiconductor-equipment maker's results topped its raised guidance, and Chairman and Chief Executive Richard Hill predicted a multiyear recovery in the semiconductor-equipment industry.


Protalix BioTherapeutics Inc. (PLX, $6.25, +$0.23, +3.82%) said France's health regulator has temporarily approved the use of its experimental drug for Gaucher's disease, a rare genetic ailment. The announcement comes a day after the company's stock fell 4.7% as Protalix said the U.S. Food and Drug Administration set a target date for deciding on the drug's approval that was later than the Israeli biopharmaceutical company projected last month.


Rumors about a RadioShack Corp. (RSH, $22.41, +$0.89, +4.14%) takeover were making the rounds again, sending shares up on heavy volume. An FBR analyst noted investors have been hearing the drumbeats for several months about a potential leveraged-buyout by a private-equity firm, and added he still sees a value at about $25 to $26 a share. Still, there seemed to be nothing new to suggest a deal is imminent and RadioShack wasn't immediately available for comment.


Stereotaxis Inc. (STXS, $3.95, +$0.80, +25.40%) reported it received $10.2 million in new capital orders during its second quarter, double the prior year's amount and a 42% sequential increase. The maker of cardiology instruments used in surgery added orders in the U.S. are steadily increasing.


Syniverse Technologies Inc. (SVR, $22.73, +$1.26, +5.87%) was started at a buy rating by Goldman Sachs, which said the wireless service provider should see sustained double-digit earnings growth for its industry-leading technology.


Northcoast Research boosted its rating on Viad Corp. (VVI, $18.69, +$1.79, +10.59%) to buy from neutral, saying it expects that key industry metrics are picking up, pre-bookings for 2011 shows are demonstrating improvement, the business and convention services company has high incremental margins and earnings recovery potential, as well as a very strong balance sheet and an attractive valuation.

[admin]

July 13, 2010, 6:08 p.m. EDT · Recommend (3) · Post:
Marriott International, Jackson Hewitt

Intel CEO makes a bold third-quarter forecast
STORYQUOTESCOMMENTS SCREENER
AlertEmailPrintShare By Rebecca L. McClay, MarketWatch
SAN FRANCISCO (MarketWatch) -- Among the companies whose share are expected to see active trading in Wednesday's session are Marriott International Inc. and Jackson Hewitt Tax Services Inc.

Marriott (MAR 31.90, +0.03, +0.09%) is expected to report earnings of 28 cents per share for the second quarter of 2010 and revenue of $2.74 billion, according to analysts polled by Thomson Reuters.

Jackson Hewitt (JTX 1.31, +0.24, +22.43%) , the second-largest tax preparation services company in the U.S., is expected to report earnings of $1.06 per share for the fourth quarter of 2010.

After the closing bell Tuesday, Intel Corp. (INTC 22.48, +1.47, +6.10%) reported a second-quarter profit of $2.9 billion, or 51 cents a share, compared with a loss of $398 million, or 7 cents a share, for the year-earlier period. Revenue was $10.8 billion, up from $8.02 billion. Analysts had expected the Santa Clara, Calif.-based Intel to report earnings of 43 cents a share, on revenue of $10.25 billion, according to a consensus survey by Thomson Reuters. Read more about Intel's report.

Yum Brands Inc. (YUM 40.38, -1.33, -3.19%) reported a modest drop in second-quarter profit even as system-wide sales and margins increased, the fast-food giant said Tuesday. Yum earned $286 million, or 59 cents a share, down from $303 million, or 63 cents a share, in the same quarter a year ago. The average estimate of analysts polled by FactSet Research had been for the company to earn 55 cents a share on revenue of $2.56 billion. Read full story about Yum Brands.

Shares of Ivanhoe Mines Ltd. (IVN 16.32, -0.13, -0.80%) surged 13% in Toronto Tuesday after the company announced plans to terminate a contract with London-based mining group Rio Tinto, its largest shareholder. Termination will allow Ivanhoe to issue more than 5% of its common shares to strategic investors, including major mining companies.

[admin]

Los targets para las que reportan esta semana son:

C 5.50

JPM 56

BAC y GE 21

Eso no quiere decir que van a subir a esos precios esta semana.

[admin]

AMD target 10

[admin]

Japon mas del 2% al alza por los espectaculares resultados de Intel. Maniana todo va a volar.