Friday, March 28, 2008

Stocks To Keep Your Eye On - 3/28/2008

Accenture Ltd. (ACN) rose $1.45, or 4.1 percent, to $36.90 after the official close of U.S. exchanges. The world's second-largest technology-consulting firm said second-quarter profit increased to 64 cents a share after customers outsourced more work amid a slowing economy. That beat the average estimate of 56 cents, according to a Bloomberg survey of analysts.

Bear Stearns Cos. (BSC) fell 63 cents, or 5.6 percent, to $10.60 in extended trading. Chairman James ``Jimmy'' Cayne sold 5.6 million shares, or his entire stake in the company, for $10.84 each on March 25, according to a regulatory filing.

McAfee Inc. (MFE) fell $1.26, or 3.8 percent, to $31.60 in extended trading. The world's second-biggest maker of security software said Chief Financial Officer Eric Brown quit to join Electronic Arts Inc. (ERTS).

Radian Group Inc. (RDN): The third-largest U.S. mortgage insurer said its primary subsidiary would no longer provide coverage on loans where borrowers don't provide proof of income or assets. The stock fell 97 cents to $7.27 in regular trading.

Watch UVV, SCL for long breakouts.

Watch GS, RE, PRE, NYX, MGM, LM, MCK, VMW for short breakdowns.

-MM