TradingMarkets 7 Stocks You Need To Know About For Tuesday
After
a brief move higher at the start of trading the major averages settled into a
narrow range for most of the day,
before resuming last week’s slide in the afternoon. With the bond
market closed for Columbus Day, no economic news and a number of markets closing
early, equities were left to themselves to find direction. It took traders most
of the day but they eventually determined that direction was down.
Earnings season commenced after the closing bell today…
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) reported Q3 EPS of $0.33, beating the consensus
estimate of $0.29 (Full
Report). AA, which hit a new 52-week low today is currently trading +0.42
higher on 56K shares after the close on Inet.
Genetech
(
DNA |
Quote |
Chart |
News |
PowerRating) reported Q3 non-GAAP earnings of $0.35,
compared to $0.24 in the corresponding quarter last year (Full
Report).
PayPal, a unit of eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating), has agreed to acquire
VeriSign’s
(
VRSN |
Quote |
Chart |
News |
PowerRating) payment gateway business for $370 million (Full
Story). VRSN is now up 1.11 on 292K shares after the bell on Inet.
Mattel
(
MAT |
Quote |
Chart |
News |
PowerRating) announced consolidation of its Mattel Brands
and Fisher-Price into one division called “Brands.”
Harrah’s Entertainment
(
HET |
Quote |
Chart |
News |
PowerRating) said the FTC has granted the
company’s request for the early termination of the
related to its pending acquisition of the Imperial
Palace Hotel & Casino in Las Vegas (Full
Story).
The Navigators Group
(
NAVG |
Quote |
Chart |
News |
PowerRating), an insurance
holding company, announced that its estimated after-tax net loss from Hurricane
Rita would approximate $9.0 million or $0.70 per share in the 2005 third
quarter. NAVG shares are in freefall on Inet, currently down more than 51% (Full
Report).
Skyworks Solutions
(
SWKS |
Quote |
Chart |
News |
PowerRating) said that it now
expects Q4 revenues of about $190 million, which is at low end of its prior
guidance of $194 million (Full
Story).
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Ashton Dorkins