Tuesday, September 18, 2007

Stocks to Keep Your Eye On - 09/18/2007

- (AZO)/3.25
- (BBY)/.44
- (DRI)/.70
- (KR)/.34
- (LEH)/1.48

Grant Prideco Inc. (GRP) The maker of products for the oil services industry was recommended by CNBC host Jim Cramer, who said the company's drill bits are constantly being used and disposed. The shares fell 61 cents, or 1.1 percent, to $53.33 yesterday.

Johnson & Johnson (JNJ) The company's haloperidol, a drug used to treat psychotic disorders, can cause sudden death and heart complications, especially when given intravenously or at higher-than-recommended doses, according to an alert posted on the Food and Drug Administration Web site. The stock fell 26 cents to $62.94 yesterday.

Northgate Minerals Corp. (NXG) The Canadian gold producer said the Joint Federal-Provincial Environmental Review Panel has recommended Canada's provincial Ministers of the Environment not approve the company's Kemess North project. The shares rose 9 cents to $14.49 yesterday.

NovaStar Financial Inc. (NFI) fell $1.28, or 16 percent, to $6.96 in trading before the open of U.S. exchanges. The subprime home lender trying to survive by conserving cash scrapped plans to pay a dividend on 2006 profit and said it will forfeit its tax status as a real estate investment trust as a result.

RTI International Metals Inc. (RTI) The metal-products maker won an 11-year contract valued at more than $1.1 billion to supply titanium components for Airbus SAS aircraft. The shares fell 51 cents to $65.55 yesterday.

Standard Pacific Corp. (SPF) The builder of homes in eight states including California and Texas said its cancellation rate was 33 percent for July and August, falling from 51 percent a year earlier. The shares rose 20 cents, or 2.5 percent, to $8.23 yesterday.

Watch NOK, RTN, CHL for long breakouts.

Watch NCC, MHP, HOG for short breakdowns.

-MM