Notable US Top 10 Weekly Stories (FSLR, PAL, BRCD, GPS, GME, DLTR, STEC, ADSK, AIF, KO)
Hot Stock Alerts by Penny Stock Pick Alert
(EMAILWIRE.COM, February 27, 2010 ) Dallas, TX - U.S. stocks ended the last week of the February with very small declines with worries about consumer spending and sovereign debt kept investors skeptics.
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Following are the PennyStockPickAlert’s Top Ten Stories of the week.
FSLR continued to Slid
Shares of FSLR plunged about 8% on Tuesday after Wunderlich started a coverage on the company’s share with a Sell rating with a price target of $90. Last week, First Solar, Inc. (NASDAQ:FSLR) posted a better-than-expected earnings and revenues on Thursday’s night. However, Shares fell over 8% on concerns about the company’s gross margins and 2010 guidance, along with fears that a rising dollar could hurt the company’s earnings.
PALM sees weaker than expected outlook
Palm, Inc. (NASDAQ:PALM) was the biggest percentage loser during the week. On Thursday, shares of MOT plunged over 19% after Palm Inc said that it expects to report fiscal third-quarter and full-year revenue, well below expectations due to slow consumer demand for its products. Also on Friday, the stock hammered down by another 7% after the company’s was downgraded by UBS.
Brocade Communications Shares Fell On Poor Outlook
Brocade Communications Systems, Inc. (NASDAQ:BRCD) fell 13% on Tuesday after the company provided a worse than expected full year outlook and commented that its Ethernet business was not growing as strongly as expected. For the fiscal first quarter Brocade reported a net profit of $51.1 million, or 11 cents per share, compared with a loss of $23.9 million, or 6 cents a share, a year earlier. Earnings excluding items rose to 19 cents a share from 15 cents per share. That was higher than the average analyst estimate of 15 cents a share. Brocade said it expects revenue growth of around 8-12% for the full year, well below the analyst estimate of growth of around 15.7%.
The Gap Posted a solid quarter earnings
The Gap Inc. (NYSE:GPS) jumped 5.75% to $21.56 after the company on Friday posted a stronger than expected earnings and provided a rosy outlook for the current year.
GameStop Corp announced the resignation of Executive Vice President
GameStop Corp. (NYSE:GME) fell over 7% after the company announced that Catherine R. Smith has resigned from her role of Executive Vice President and Chief Financial Officer. The Company has also announced that Robert A. Lloyd, Senior Vice President and Chief Accounting Officer of GameStop, has been named interim Chief Financial Officer, effective immediately.
Dollar Tree Shares Made a life-Time High
Dollar Tree, Inc. (NASDAQ:DLTR) surged over 12% on Wednesday after Dollar Tree said its profit for the fourth-quarter ended January 30 jumped to $135 million, or $1.52 a share, compared with $105.2 million or $1.15 a share, a year earlier. Analysts were looking for earnings of $1.44 a share. Its quarterly net sales rose 12.4% to $1.56 billion, while comparable-store sales rose 6.6 percent as more shoppers came into its stores.
STEC shares plunged on shocking Outlook
STEC, Inc. (NASDAQ:STEC) plunged about 23.50% on Wednesday after the company astonished the investors by saying that for the current-quarter it expects a loss of 11 - 13 cents a share, widely missed the current consensus estimate of a profit of 20 cents a share. STEC also said that it expects the first half of 2010 to be a trough period for its business because of an inventory carryover by its largest customer.
Autodesk posted a stronger than expected earnings
Autodesk, Inc. (NASDAQ:ADSK) posted a stronger than expected earnings. Autodesk swung to a fourth-quarter profit of $50.1 million, or 21 cents a share. Sales in the quarter fell to $456.1 million from $489.8 million the previous year. On an adjusted basis, The maker of engineering-design software said it would have earned 30 cents a share, better than analysts' estimates of 23 cents a share. The guideline for the year was almost in-line as the company forecast revenue for the current quarter of $420 -$440 million and earnings per share excluding items of 18 cents to 23 cents.
American International Group Fell After Weak Quarter Earnings
American International Group, Inc. (NYSE:AIG) fell about 10% on Friday after the struggling insurer posted a much wider than the expected loss in the fourth-quarter.
The Coca-Cola announced a major acquisition
The Coca-Cola Company (NYSE:KO) on Thursday announced that it would acquire the North American business of Atlanta-based soft drink giant's largest bottler Coca-Cola Enterprises Inc. (NYSE: CCE) in a "substantially cashless" deal.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert provides free stock newsletters on various stocks of the day. These alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily stock alerts. We provide alerts on hot stocks, midcap & smallcap penny stocks, most active stocks and much more. You can become leader in stock market by keeping track of the daily activity.
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Press release service and press release distribution by EmailWire,Com - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
Subscribe to Hot Stock Alerts and Newsletter by visiting http://www.PennyStockPickAlert.com
Following are the PennyStockPickAlert’s Top Ten Stories of the week.
FSLR continued to Slid
Shares of FSLR plunged about 8% on Tuesday after Wunderlich started a coverage on the company’s share with a Sell rating with a price target of $90. Last week, First Solar, Inc. (NASDAQ:FSLR) posted a better-than-expected earnings and revenues on Thursday’s night. However, Shares fell over 8% on concerns about the company’s gross margins and 2010 guidance, along with fears that a rising dollar could hurt the company’s earnings.
PALM sees weaker than expected outlook
Palm, Inc. (NASDAQ:PALM) was the biggest percentage loser during the week. On Thursday, shares of MOT plunged over 19% after Palm Inc said that it expects to report fiscal third-quarter and full-year revenue, well below expectations due to slow consumer demand for its products. Also on Friday, the stock hammered down by another 7% after the company’s was downgraded by UBS.
Brocade Communications Shares Fell On Poor Outlook
Brocade Communications Systems, Inc. (NASDAQ:BRCD) fell 13% on Tuesday after the company provided a worse than expected full year outlook and commented that its Ethernet business was not growing as strongly as expected. For the fiscal first quarter Brocade reported a net profit of $51.1 million, or 11 cents per share, compared with a loss of $23.9 million, or 6 cents a share, a year earlier. Earnings excluding items rose to 19 cents a share from 15 cents per share. That was higher than the average analyst estimate of 15 cents a share. Brocade said it expects revenue growth of around 8-12% for the full year, well below the analyst estimate of growth of around 15.7%.
The Gap Posted a solid quarter earnings
The Gap Inc. (NYSE:GPS) jumped 5.75% to $21.56 after the company on Friday posted a stronger than expected earnings and provided a rosy outlook for the current year.
GameStop Corp announced the resignation of Executive Vice President
GameStop Corp. (NYSE:GME) fell over 7% after the company announced that Catherine R. Smith has resigned from her role of Executive Vice President and Chief Financial Officer. The Company has also announced that Robert A. Lloyd, Senior Vice President and Chief Accounting Officer of GameStop, has been named interim Chief Financial Officer, effective immediately.
Dollar Tree Shares Made a life-Time High
Dollar Tree, Inc. (NASDAQ:DLTR) surged over 12% on Wednesday after Dollar Tree said its profit for the fourth-quarter ended January 30 jumped to $135 million, or $1.52 a share, compared with $105.2 million or $1.15 a share, a year earlier. Analysts were looking for earnings of $1.44 a share. Its quarterly net sales rose 12.4% to $1.56 billion, while comparable-store sales rose 6.6 percent as more shoppers came into its stores.
STEC shares plunged on shocking Outlook
STEC, Inc. (NASDAQ:STEC) plunged about 23.50% on Wednesday after the company astonished the investors by saying that for the current-quarter it expects a loss of 11 - 13 cents a share, widely missed the current consensus estimate of a profit of 20 cents a share. STEC also said that it expects the first half of 2010 to be a trough period for its business because of an inventory carryover by its largest customer.
Autodesk posted a stronger than expected earnings
Autodesk, Inc. (NASDAQ:ADSK) posted a stronger than expected earnings. Autodesk swung to a fourth-quarter profit of $50.1 million, or 21 cents a share. Sales in the quarter fell to $456.1 million from $489.8 million the previous year. On an adjusted basis, The maker of engineering-design software said it would have earned 30 cents a share, better than analysts' estimates of 23 cents a share. The guideline for the year was almost in-line as the company forecast revenue for the current quarter of $420 -$440 million and earnings per share excluding items of 18 cents to 23 cents.
American International Group Fell After Weak Quarter Earnings
American International Group, Inc. (NYSE:AIG) fell about 10% on Friday after the struggling insurer posted a much wider than the expected loss in the fourth-quarter.
The Coca-Cola announced a major acquisition
The Coca-Cola Company (NYSE:KO) on Thursday announced that it would acquire the North American business of Atlanta-based soft drink giant's largest bottler Coca-Cola Enterprises Inc. (NYSE: CCE) in a "substantially cashless" deal.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert provides free stock newsletters on various stocks of the day. These alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily stock alerts. We provide alerts on hot stocks, midcap & smallcap penny stocks, most active stocks and much more. You can become leader in stock market by keeping track of the daily activity.
###
Press release service and press release distribution by EmailWire,Com - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
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PennyStockPickAlert.com
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Tel: 214 556 6798
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This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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