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Stocks to Watch: American Express, Google, Toll Brothers, Tyson, XM Satellite


We're watching. We're always watching.


Stocks to watch for Tuesday, May 23:

  • American Express (AXP) board raised the company's quarterly dividend 25% and approved the buyback of as much as 16% of its outstanding shares.
  • Brooks Automation (BRKS) received a grand jury subpoena from U.S. Attorney for Eastern District of New York requesting records related to the granting of stock options.
  • Cameron International (CAM) said it plans to offer $500 million of convertible notes due 2026, and to use net proceeds to repay notes due 2007, buy back shares, and for general corporate purposes.
  • Campbell Soup (CPB) said third-quarter profit grew nearly 14% on strong U.S. sales of soup, sauces and beverages.
  • DOV Pharmaceutical (DOVP) said bicifadine did not achieve a statistically significant effect relative to placebo in a trial of patients with chronic low back pain; will delay starting seven Phase I clinical trials that are required to submit a new drug application for bicifadine.
  • Google (GOOG) growth rate, from a mathematical standpoint, will slow at some point, Chairman and Chief Executive Eric Schmidt said in a television interview late Monday; plans to begin selling Web ads that include video, in a move it expects will increase the number of Google advertisers.
  • Immucor (BLUD) said it sees revenues for the fiscal year ranging from $204 million to $212 million; expects fiscal 2007 net income of $48.5 million to $52 million, or 69 cents to 74 cents on a per-share basis.
  • Mentor (MNT) reported 4Q net earnings $0.31/share, on revenue of $72.4 million.
  • Royal Dutch Shell (RDSA) is in talks to buy a stake in a $2.08 billion refinery owned by Cnooc in an effort to step up its presence in China's chemicals sector - WSJ.
  • Semtech (SMTC) said Monday evening it has received a letter from the Securities and Exchange Commission requesting information on stock options granted since Jan. 1, 1997.
  • Tempur-Pedic International (TPX) said its board has increased its share buyback program by $40 million to $220 million.
  • Teva Pharmaceutical Industries (TEVA) said FDA has granted approval for the company's generic version of Forest Laboratories (FRX) Lexapro tablets, a treatment for depression.
  • Toll Brothers (TOL) cut 2006 earnings guidance, reporting a 3% rise in second-quarter net income to $174.9 million, or $1.06 a share. Analysts polled by Thomson First Call had expected the company to report earnings of $1.03.
  • Tyson Foods (TSN) new CEO said there are signs that the U.S. poultry industry is beginning to recover from a price-depressing glut.
  • XM Satellite Radio Holdings (XMSR) said its agreement to acquire privately held WCS Wireless has been terminated. XM said it was unable to obtain the necessary government approvals for the transaction.
  • Wet Seal (WTSLA) said 1Q net loss was $0.22/share,on revenue of $125.1 million.

Market Update

  • Asian trading closed mixed with the Hang Seng tacking on +0.37% and the Nikkei falling -1.63%.
  • A quick check across the pond finds green pastures with the CAC +1.31%, DAX +1.04% and FTSE +1.34%.
  • Crude oil is trading +0.89 to 70.85 while gold is +4.3 to 662.0 so far today. For their part, stateside futes are above fair value.


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