Tuesday, March 4, 2008

Stocks To Keep Your Eye On - 03/04/2008

Company/EPS Estimate
- (JTX)/.98
- (KCP)/.14
- (CHS)/-.15
- (AES)/.32
- (WCG)/1.62

Barnes & Noble Inc. (BKS) fell 4.7 percent to $27 after the official close of U.S. exchanges. The largest U.S. bookstore chain forecast profit this year will be $1.70 to $1.90 a share. The average estimate of six analysts in a Bloomberg survey was for earnings of $2.10 a share.

Barr Pharmaceuticals Inc. (BRL) gained 7.9 percent to $49.29 before the official open of U.S. exchanges. Bayer AG (BAY:GY) said a federal judge in New Jersey invalidated a patent on the contraceptive Yasmin in a victory for generic-drug maker Barr.

Nokia Oyj (NOK) American depositary receipts fell 4.7 percent to $34.04, before the official open of U.S. exchanges. The world's biggest maker of mobile phones was cut to ``sell'' from ``buy'' at Exane BNP Paribas.

PMI Group Inc. (PMI) fell 8.1 percent to $6.23 in extended trading. The second-largest U.S. mortgage insurer said its U.S. unit had a net loss of about $236 million in the fourth quarter.

Questcor Pharmaceuticals Inc. (QSC) advanced 16 percent to $5.10 in extended trading. The maker of a treatment for a potentially fatal seizure in infants reported profit of 45 cents a share in the fourth quarter and said it will buy back as many as 7 million shares.

Thornburg Mortgage Inc. (TMA) lost 5.6 percent to $4.08 before the official open of U.S. exchanges. The home lender was cut to ``sell'' from ``hold'' at Citigroup Inc. The Santa Fe, New Mexico-based company said yesterday it failed to meet $270 million of margin calls.

Watch BVN, ANR, MEE, CHT for long breakouts.
Watch CMG, PRU, WLP, CVH, MGM for short breakdowns.

-MM