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Stocks To Watch: Apple, Cisco, Gap, Sprint Nextel, SuperValu


Slow and Steady!


Stocks to watch for Tuesday, January 9

  • Apple (AAPL) may announce as early as Tuesday a device that combines the iPod with a cellphone. Cingular is expected to provide cellphone service for the phone.
  • BEA Systems (BEAS) said it has been granted an extension for filing quarterly results from the Nasdaq Listing Qualifications Panel.
  • Borders Group (BGP) said it expects fourth-quarter earnings per share will be below the company's prior outlook of $1.80 to $2. The book retailer, which cited factors such as lower-than-expected sales, added that annual per-share income will also miss the company's prior outlook.
  • Brookfield Homes (BHS) said it closed 1,993 homes and lots in 2006, compared with 2,824 in the prior year. Backlog at Dec. 31 was 247 homes, a decrease of 208 homes from the same period in the prior year.
  • Buca (BUCA) said fourth-quarter comparable-restaurant sales rose 4% from the same period last year. For 2006, comparable-restaurant sales increased 3.8%.
  • Cheesecake Factory (CAKE) said preliminary fourth-quarter comparable restaurant sales rose 0.8% from the same period in the prior year. Quarterly revenue, on a 13-week basis, rose 18% to $360.4 million from the same period in the prior year.
  • Cisco (CSCO) is developing plans to team up with media companies, electronics makers and telecoms as they seek to penetrate consumers' living rooms. But that vision hasn't fully come together.
  • Citigroup (C) said it expects its Japan consumer finance segment to post a net loss of about $370 million, or 7 cents a share, in the fourth quarter. The loss is due to changes in Japanese consumer lending laws.
  • Emageon (EMAG) said it expects 2007 per-share income of 24 cents to 29 cents, and revenue from current business of $136 million to $140 million. The provider of enterprise medical information technology systems sees annual earnings per share excluding charges for depreciation, amortization and stock-based compensation of 79 cents to 87 cents.
  • Endo Pharmaceuticals Holdings (ENDP) said it expects 2007 per-share earnings of $1.68 to $1.72, excluding stock-based compensation, among other items.
  • Gap (GPS) is weighing its strategic alternatives, including a possible sale of the company, following two years of weak results. Its shares jumped 7.3%.
  • General Electric (GE) has asked for bids on its plastics unit, in an auction that limits private-equity firms from teaming up with other buyout funds to form so-called clubs.
  • Osiris Therapeutics (OSIR) said Prochymal has received fast-track designation from the Food and Drug Administration. The Baltimore-based biotechnology company added that it has received clearance to conduct a Phase III clinical trial using Prochymal to treat a form of Crohn's disease, a gastrointestinal disorder, that does not respond to standard therapies.
  • SonoSite (SONO) said it expects fourth-quarter revenue of about $54 million, up 20% from the same period last year.
  • Spectrum Control (SPEC) said fourth-quarter net income rose, as sales gained, to $2 million, or 15 cents a share, from $1.12 million, or 8 cents a share, during the same period in the prior year.
  • Sprint Nextel (S) warned investors that it won't increase revenue this year and that spending to improve its networks will hurt its bottom line in the near term. Shares tumbled 8% after hours.
  • Stage Stores (SSI) said it will implement "strategic growth initiatives" such as doubling new store openings to 70 per year beginning in fiscal 2008.
  • Supervalu (SVU) posted a 51% jump in quarterly net profit amid last year's acquisition of 1,100 Albertson's supermarkets.
  • Thermage (THRM) said it sees fourth-quarter revenue of $14.6 million to $14.8 million. Last month, the Hayward, Calif.-based non-invasive tissue-tightening company said it was looking for quarterly revenue of $14 million to $14.5 million.
  • Tween Brands (TWB) lowered its view for fourth-quarter earnings per share to a range of 85 cents to 88 cents. Previously, the specialty retailer had said it was looking for quarterly per-share income of 95 cents to $1. Tween said it now sees comparable store sales for the quarter rising 3% to 4%, compared with its prior outlook for growth in the mid-single digits.
  • United Parcel Service (UPS) said it has named David Abney chief operating officer. Abney has also been named president of UPS Airlines, replacing John Beystehner, who retired last week, the Atlanta-based company added.
  • ViroPharma (VPHM) said it expects net product sales of $195 million to $205 million in 2007.

Market Summary

  • Asian trading closed with the Hang Seng -0.66%, Sensex -0.63%, Taiwan +0.69%, Shanghai +3.72% and Nikkei +0.86%.
  • A quick look across the pond finds the CAC +0.74%, DAX +0.66%, FTSE +0.33%, Swiss Mkt. +0.75% and Stockholm +0.67%.
  • Crude oil is trading -1.63 to 54.46 while gold is +1.9 to 611.3 this morning.
No positions in stocks mentioned.

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