Friday, April 4, 2008

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

Company/EPS Estimate
- (AZZ)/.59
- (FDO)/.42
- (MOS)/.95

Acuity Brands Inc. (AYI) rose the most since March 24, increasing 3.1 percent to $44.60. The lawn and garden equipment maker reported second-quarter earnings excluding some items that exceeded the average analyst estimate by 21 percent, according to Bloomberg data.

Constellation Brands Inc. (STZ) rose 5.1 percent to $19.68, the highest since Feb. 28. The world's largest winemaker said profit this year may be as high as $1.76 a share. Analysts projected $1.69, on average, in a Bloomberg survey.

Graham Corp. (GHM) climbed the most since Oct. 26, jumping 21 percent to $43.49. The maker of vacuum and heat transfer equipment boosted its forecast, saying it expects revenue in fiscal 2009 to grow as much as 20 percent.

HNI Corp. (HNI) fell 9.2 percent to $25.22, the lowest since January 2003. The company said first-quarter sales and operating profit in the office-furniture division didn't meet its forecast.

LDK Solar Co. American depositary receipts (LDK) jumped 5.4 percent to $31.70, the highest since Feb. 25. The Chinese maker of silicon wafers in solar cells said it won a contract to supply a unit of Moser Baer India Ltd. over 10 years.

MEMC Electronic Materials Inc. (WFR) dropped the most in the Standard & Poor's 500 Index, falling 7.1 percent to $70.96. The world's third-largest maker of silicon wafers cut its first- quarter sales forecast to $500 million from $560 million, citing unexpected maintenance that delayed production.

National City Corp. (NCC) gained the most since March 20, adding 6.2 percent to $9.79. The Cleveland-based bank was raised to ``outperform'' from ``underperform'' by analyst David Hilder at Bear Stearns & Co.

Patriot Coal Corp. (PCX) rose the most since Oct. 18, jumping 17 percent to $55.02. The company agreed to buy closely held Magnum Coal Co. for about $559 million in stock.

Schering-Plough Corp. (SGP) posted the biggest gain in the Standard & Poor's 500 Index, adding 9 percent to $15.10. The drugmaker said it will cut 10 percent of its jobs and shut plants to save $1.5 billion annually to counter losses from its cholesterol pill Vytorin.

-MM