Friday, November 23, 2007

Stocks To Keep To Eye On - 11/23/2007

Company/EPS Estimate
- (DE)/1.54
- (BKE)/.74
- (GPS)/.29
- (ANF)/1.28

Alcoa Inc. (AA): The company is reconsidering a A$1.2 billion ($1 billion) aluminum smelter expansion in Australia because of rising power costs, the Australian Financial Review reported. The stock fell 21 cents to $35.17 in regular trading Nov. 21.

Alon USA Energy Inc. (ALJ): The Dallas-based refiner reported flaring at the Paramount refinery near Los Angeles. The plant flared gases Nov. 19 to Nov. 20, and the release exceeded 500 pounds of sulfur dioxide, according to a filing with the South Coast Air Quality Management District. The stock fell 65 cents to $29.53 in regular trading Nov. 21.

AngloGold Ashanti Ltd. (AU) American depositary receipts rose $1.17, or 2.7 percent, to $43.84. Gold prices rose as the dollar fell to a record low against the euro and oil prices held above $97 a barrel, boosting bullion's appeal as an alternative investment and hedge against inflation. AngloGold is the world's third-largest gold producer.

AstraZeneca Plc (AZN) American depositary receipts rose $4.83, or 11 percent, to $48.06. Citigroup strategists boosted their recommendation on European health-care shares to ``neutral'' from ``underweight'' in a note dated yesterday.

Gap Inc. (GPS): The largest U.S. clothing retailer forecast full-year earnings that may trail analysts' estimates. The shares fell $1.24, or 6.1 percent, to $18.96 on Nov. 21.

Temple-Inland Inc. (TIN): Billionaire Carl Icahn increased the stake in the paper-packaging maker to 9.7 percent from 8.9 percent, according to a Securities and Exchange Commission filing. The stock fell 48 cents to $42.04 in regular trading Nov. 21.

Watch PEP, MCK, MA, D, FCN for long breakouts.
Watch C, WB, MTB, ESS, DNB, STU for short breakdowns.

-MM