Wednesday, September 12, 2007

Stocks To Keep Your Eye On - 09/12/2007

- (BRC)/.56
- (GRB)/.08

Aluminum Corporation of China Ltd. (ACH) fell $6.29, or 9.5 percent, to $59.89 in trading before U.S. exchanges opened. Alcoa Inc. (AA), the world's second-largest aluminum company, is selling its stake in Aluminum Corp. of China Ltd. for as much as $2.1 billion, after the Hong Kong-traded stock rose almost 15- fold in the past six years.

Deere & Co. (DE) The world's largest maker of farm equipment won a contract valued at as much as $125.7 million to supply tractors to the U.S. Marine Corps., the U.S. Defense Department said. The stock rose $1.31 to $138.29 in regular trading.

Enterprise Products Partners LP (EPD) The pipeline partnership controlled by billionaire Dan Duncan was recommended by CNBC host Jim Cramer, who said the company had ``steady'' dividends and earnings growth. Shares rose 4 cents to $29.54 in regular trading yesterday.

H&R Block Inc. (HRB) The company, which has been trying to sell its mortgage business for more than a year, said it will fire 575 employees in the lending unit to trim losses. The stock rose 16 cents to $19.81 in regular trading yesterday.

Molina Healthcare Inc. (MOH) The provider of managed care to poor families said it raised its 2007 profit forecast to a range of $1.85 to $1.95 a share. The company previously expected $1.75 to $1.90. Shares rose 52 cents to $36.15 in regular trading yesterday.

Texas Instruments Inc. (TXN) fell 25 cents to $35.47 in trading before U.S. exchanges opened. The world's biggest maker of chips that run mobile phones narrowed the range of its sales forecast. The new midpoint of Texas Instruments' revenue forecast range, $3.64 billion, trailed the average analyst estimate of $3.66 billion in a survey.

Watch LDK, LFC, HRS for long breakouts.
Watch NCC, OCR, CFC for short breakdowns.

-MM