Stocks Appear Set To Open Higher
Stocks appear set to open in the
green on Tuesday.
Macrovision
(
MVSN |
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PowerRating) reported Q2
earnings of 20 cents a share, up 26% from the same quarter one year ago. The
company’s earnings also beat Wall Street’s estimates of 18 cents a share
according to Thomson Financial/First Call.
Drug company Biovail
(
BVF |
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Chart |
News |
PowerRating)
announced Q2 earnings that beat expectations. The company reported earnings of
30 cents a share, while analysts polled by Thomson Financial/First Call were
expecting 28 cents a share.
HealthSouth
(
HRC |
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Chart |
News |
PowerRating) reported Q2
earnings of 21 cents a share. According to Thomson Financial/First Call,
analysts surveyed were looking for earnings of 20 cents a share.
Sony
(
SNE |
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News |
PowerRating) and Yahoo!
(
YHOO |
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Chart |
News |
PowerRating)
have signed a multi-year agreement to disseminate collaborated content on
co-branded products over the Internet to customers.
Cardinal Health
(
CAH |
Quote |
Chart |
News |
PowerRating) reported Q2
numbers Tuesday morning. The company reported operating profits for the quarter
rose 24%. The healthcare company earned 58 cents a share in line with analysts’
expectations according to data collected by Thomson Financial/First Call.
JP Morgan upgraded a number of
disk drive makers this morning. Maxtor
(
MXO |
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News |
PowerRating) and Read-Rite
(
RDRT |
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News |
PowerRating) were
upgraded to Buy, while Western Digital
(
WDC |
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Chart |
News |
PowerRating) was raised to Long Term Buy.
Lehman Brothers initiated coverage on
Adminstaff
(
ASF |
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Chart |
News |
PowerRating) at Strong Buy with a 12-month price target of $57.
Biotechnology companies XOMA Limited
(
XOMA |
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Chart |
News |
PowerRating)
and Genetech
(
DNA |
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Chart |
News |
PowerRating) reported phase III results on the companies’ treatment
drug Xanelim which is used to treat plaque psoriasis.
Western Wireless
(
WWCA |
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Chart |
News |
PowerRating) was
downgraded by Prudential Securities from Buy to Hold.
RSA Security
(
RSAS |
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Chart |
News |
PowerRating) announced an
agreement to acquire Securant Technologies, a privately held company, for $136.5
million.
Ameritrade
(
AMTD |
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Chart |
News |
PowerRating) said it will
acquire National Discount Brokers for approximately $154 million.
Warren Buffet’s Berkshire Hathaway
(
BRK |
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News |
PowerRating)
reported the company will buy transportation leasing company XTRA
(
XTR |
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PowerRating) for
approximately $590 million.
EMC
(
EMC |
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News |
PowerRating) is scheduled to have an
analyst meeting on Thursday.
Verizon Communications
(
VZ |
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Chart |
News |
PowerRating)
reported Q2 earnings of 77 cents a share in line with analysts’ estimates
according to a survey taken by Thomson Financial/First Call.
Mercury Computer Systems
(
MRCY |
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Chart |
News |
PowerRating)
warned of short-term earnings weakness due to a slowdown in domestic defense
spending in the industry.