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Stocks To Watch: Apple, Cisco, TiVo, Toyota, Wal-Mart

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Stocks to watch for Wednesday, February 7

  • Actions Semiconductor (ACTS) said fourth-quarter net income rose, with unit shipments at an all-time high, to $21.3 million, or 25 cents per American Depositary Share, from $19.9 million, or 24 cents per ADS, during the same period in the prior year.
  • Apple (AAPL) CEO Jobs on the major record labels to allow the sale of music downloads without anticopying software, saying the technology doesn't halt piracy.
  • Atmos Energy (ATO) reported first-quarter net earnings of $81.3 million, or 97 cents a share, compared with $71 million, or 88 cents a share, in the same period last year, as the cost of purchased gas dropped.
  • Atwood Oceanics (ATW) reported first-quarter net earnings of $21.1 million, or 67 cents a share, up from $14.5 million, or 47 cents a share, during the year-ago period. The Houston-based drilling contractor posted revenue of $88.8 million vs. $55.4 million.
  • Blackboard (BBBB) reported fourth-quarter net earnings of $201,000, or a penny a share, down from $23.1 million, or 79 cents a share, during the year-ago period.
  • Brightpoint (CELL) said fourth-quarter net income rose, as wireless devices handled gained, to $9.74 million, or 19 cents a share, from $8.85 million, or 18 cents a share, during the same period in the prior year.
  • CB Richard Ellis Group (CBG) said fourth-quarter net income rose, buoyed by "strong" leasing activity, to $125.1 million, or 53 cents a share, from $95.4 million, or 41 cents a share, during the same period in the prior year.
  • Cheesecake Factory (CAKE) said its fourth-quarter income was off from the prior year's levels, but the casual dining restaurateur's sales climbed 18%, thanks to increased traffic at its Grand Lux outlets.
  • Cisco (CSCO) posted a 40% jump in profit and a 27% revenue increase as more of its customers bought network equipment.
  • Computer Sciences (CSC) said that net income for its fiscal third-quarter fell 78%, and the company is delaying filing a full earnings report with regulators until it has completed an ongoing internal review of stock options grant practices.
  • CPI International (CPII) reported first-quarter net earnings of $5.84 million, or 33 cents a share, up from $2.22 million, or 15 cents a share, during the year-ago period.
  • Equity Residential Properties Trust (EQR) reported fourth-quarter net earnings of $465.1 million vs. $225.9 million during the year-ago period. Net income available to common shareholders was $457.6 million, or $1.54 a share, compared with $215.2 million, or 74 cents a share, a year ago.
  • FEI (FEIC) said it swung to net income in the fourth-quarter, as bookings remained solid and operating expenses declined, of $14.7 million, or 36 cents a share. During the same period in the prior year, the net loss was $30.7 million, or 92 cents a share.
  • Fidelity National Information Services (FIS) said fourth-quarter net income rose, as revenue gained, to $75.1 million, or 39 cents a share, from $45.5 million, or 35 cents a share, during the same period in the prior year.
  • FMC Corp. (FMC) said fourth-quarter net income fell, as restructuring charges rose, to $12.9 million, or 33 cents a share, from $25.3 million, or 64 cents a share, during the same period in the prior year.
  • Ford (F) plans to rename its Five Hundred midsize sedan the Taurus, reviving the defunct model's brand.
  • Kforce (KFRC) said fourth-quarter net income rose, as revenue per billing day gained, to $9.26 million, or 22 cents a share, from $6.86 million, or 17 cents a share, during the same period in the prior year.
  • Kohl's (KSS) is expected to announce a multiyear deal with the publisher of Elle magazine to sell an exclusive line of Elle-branded women's clothing.
  • Nabors Industries (NBR) posted a big jump in its fourth-quarter earnings as lofty energy prices and strong international demand put a premium on the company's drill rigs and oilfield services.
  • Nalco Holding (NLC) reported fourth-quarter net earnings of $37.9 million, or 26 cents a share, up 50% from $25.2 million, or 17 cents a share, during the year-ago period. Adjusted earnings before interest, taxes, depreciation and amortization were $193 million vs. $163 million a year ago.
  • Pioneer Natural Resources (PXD) reported fourth-quarter net earnings of $27.7 million, or 22 cents a share, compared with $140.8 million, or $1.08 a share, in the same period last year, as oil and gas revenue dropped.
  • Polo Ralph Lauren (RL) said it has named John Alchin, Comcast's (CCT) co-chief financial officer, to its board.
  • RenaissanceRe Holdings (RNR) reported a huge quarterly profit, but the reinsurer cut its 2007 premium forecast citing softening prices and the impact of a new Florida insurance law.
  • ResMed (RMD) reported second-quarter net earnings of $29 million, or 37 cents a share, compared with $22.3 million, or 30 cents a share, in the same period last year, boosted by higher sales of sleep products.
  • TiVo (TIVO) and Amazon (AMZN) plan to announce a new way for consumers to watch movies and TV shows downloaded from Amazon's Unbox service on their TV sets via their TiVo digital video recorders.
  • Toyota (TM) reported record quarterly profit of $3.54 billion, bolstered by rising exports. North American sales jumped 19%.
  • Travelzoo (TZOO) said fourth-quarter net income rose, as Europe and North America sales grew, to $4.29 million, or 26 cents a share, from $1.65 million, or 10 cents a share, during the same period in the prior year.
  • Wal-Mart (WMT) said it will go to the U.S. Supreme Court if necessary to keep it from facing a widespread class-action discrimination lawsuit alleging that women were denied pay and promotions.
  • XL Capital (XL) reported a big fourth-quarter profit after the Bermuda-based insurance and reinsurance company tapped into higher rates for some types of coverage and avoided big catastrophes that plagued it in late 2005.


Market Update

  • Asian trading closed with the Hang Seng +0.12%, Nikkei -0.66%, Sensex +1.14%, Taiwan -0.33% and Shanghai +1.51%.
  • A quick check towards Europe finds CAC +0.12%, DAX +0.24%, FTSE -0.11%, ATX -0.58%, Swiss Mkt. -0.08% and Stockholm -0.28%.
  • Gold is -0.2 to 658.5 and crude oil is +0.29 to 59.17 this morning.
No positions in stocks mentioned.

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