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Stocks to Watch: Broadcom, Cisco, Goldman Sachs, Pfizer, UPS

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Find your way through the fray!

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Stocks to watch for February 9, 2007:

  • Alcatel-Lucent (ALU) said Friday it swung to a loss in the fourth quarter and upped the number of jobs it plans to cut by 3,500. The company will now cut 12,500 jobs worldwide over the next three years
  • Allegheny Energy (AYE) reported fourth-quarter net income of $64.6 million, or 38 cents a share, up from $3.1 million, or 2 cents a share, a year ago. AYE attributed the gains in part to better performance at its power plants and the expiration of below-market sales contracts.
  • Black & Decker (BDK) raised its quarterly dividend 11% to 42 cents from 38 cents and it authorized the repurchase of another 3 million shares, leaving about 5.2 million shares authorized for repurchase.
  • Broadcom (BRCM) late Thursday reported its fourth-quarter profit fell 76% from a year ago, hurt by charges related to its stock option review. Sales rose on demand for the company's communications chips.
  • Callaway Golf (ELY) reported a fourth-quarter net loss $10.2 million, or 15 cents a share, compared with a net loss of $18.7 million, or 27 cents a share, during the year-ago period. The company said it expects 2007 per-share pro forma earnings, including charges for employee long-term incentive compensation, of 66 cents to 76 cents on revenue of $1.035 billion to $1.055 billion.
  • Cisco Systems (CSCO) said it agreed to buy closely held Five Across Inc., a company that helps build social networking Web sites. Terms of the deal weren't disclosed.
  • Coldwater Creek (CWTR) said it expects fiscal 2007 net income of 55 cents to 63 cents a share including stock-based compensation costs on sales of $1.24 billion to $1.27 billion. The company expects first-quarter earnings of 7 cents to 9 cents a share on sales ranging from $260 million to $265 million.
  • Gateway (GTW) reported a fiscal fourth-quarter profit of $8.8 million, or 2 cents a share, compared to a loss of $20.9 million, or 5 cents a share, a year ago. Revenue fell about 9%, to $1.02 billion from $1.124 billion in the year-ago quarter.
  • Goldman Sachs (GS) is expected to bring in as much as $19 billion for its newest private-equity fund, Goldman Sachs Capital Partners VI, rivaling heavyweights Blackstone and KKR.
  • Hasbro's (HAS) net profit jumped 15%, as strong sales of core products at the nation's second-largest toymaker offset a decline in sales of Star Wars items.
  • McAfee (MFE) said its fourth-quarter profit fell 9%, while sales rose 20% and beat analyst expectations. McAfee said net income for its fiscal fourth quarter ended Dec. 31 fell to $35 million, or 21 cents a share, from $38.6 million, or 23 cents a share during the period a year ago.
  • Nationwide Financial Services (NFS) said fourth-quarter net income came in at 154.2 million, or $1.03 a share, up 18% from a year earlier when the life insurer made $130.3 million, or 85 cents a share. Operating earnings, which exclude net realized investment gains and losses, were $144.7 million, or 97 cents a share, the company added.
  • Pfizer (PFE) said the Food and Drug Administration approved new labeling of its Sutent kidney cancer drug. With the change, Sutent's original accelerated approval to treat advanced kidney cancer has been converted to regular approval.
  • United Parcel Service's (UPS) board late Thursday boosted its quarterly dividend to 42 cents from 38 cents, citing confidence in its financial prospects. The company said that the board also voted to increase to $2 billion its authorization for the repurchase of class A and B shares.


Market Recap

  • Asian trading closed with the Hang Seng -0.28%, Nikkei +1.23%, Sensex -0.77%, Taiwan +0.22%, Shanghai -0.27% and Jakarta -0.63%.
  • A check across the pond finds greener pastures, with the CAC +0.49%, DAX +0.55%, FTSE +0.50%, ATX +0.03%, Swiss Mkt +0.43% and Stockholm +0.28%.
  • Crude oil is trading-0.12 to 59.59 while gold is +0.4 to 663.2 this morning.
No positions in stocks mentioned.

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