Stocks Slide On Weak Nonfarm Payrolls Report; Cabela's Jumps On Earnings

Stocks fell in morning trading after a weaker-than-expected nonfarm payrolls number was reported by the Labor Department. Analysts expected 135,000 new nonfarm jobs to be added, but the results came in at only 92,000. Credit concerns continue to hamper market conditions.

Among the premarket movers this morning are a number of stocks with attractive PowerRatings (for Investors). A PowerRating of 10 is highest, and our data from 1995 through 2006 show that stocks with high PowerRatings have historically outperformed over the next twelve months. Below are the price movement in premarket trading. The theme this morning for all three stocks was strong earnings and weak guidance. All three stocks are trading lower in premarket activity. But since these stocks all have attractive PowerRatings, this morning's weakness could be a short-term pullback that signals a buying opportunity.

• Cabela's Inc. (CAB@CAB | Quote | Chart | News | PowerRating) is up 16% on Friday morning to $24.05. This leading outdoor merchandise retailer, reported second quarter EPS of $0.17 from $0.13 in the same period one year ago. This came in ahead of analysts' expectations of $0.15 earnings per share.

  The company reaffirmed its goals for long-term top and bottom line mid-teens growth targets. Cabela's also plans to open 7 new stores in 2007.

  CAB has a high PowerRating of 9 and a market cap of $1.6 billion.
   

• FTI Consulting Inc. (FCN@FCN | Quote | Chart | News | PowerRating) is up 8.8% on Friday to $46.65 and has the highest PowerRating of 10.

  FTI Consulting, Inc. (FCN) saw its shares rise 7% to $45.91 in Friday's pre-market session. The management services company reported a 50% increase in Q2 revenues versus the same period one year ago.

  The company raised revenue outlook to $944 - 962 million from a prior estimate of $904 - 929 million.

  FCN's market cap is $1.8 billion and its shares are up 53% year-to-date.
   

• Davita Inc. (DVA@DVA | Quote | Chart | News | PowerRating) shares rose 7.7% to $57.25 on Friday morning. DaVita posted second quarter earnings Thursday afternoon of $125.0 million or $1.17 per share, compared to earnings of $63.2 million or $0.60 per share in the same quarter last year.
  
  Income from operations for the quarter was $125.0 million or $1.17 per share, higher than $64.3 million or $0.61 per share in the prior year quarter.
  
  On average, 11 analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.77 per share for the quarter.
  
  DVA has a high PowerRating of 8 and has a market cap of $6 billion.