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Stocks to Watch: Cablevision, eBay, Intel, MasterCard, Microsoft


Move over Boo, I'm on watch now!


Stocks to watch for Thursday, May 25:

  • Big Lots (BLI) 1Q net income $0.12/share, with sales up 5% to $1.09 billion; lifted guidance to a new range of $0.44 to $0.49/share. Second-quarter comparable store sales are seen rising 1% to 4%, and it expects to narrow its quarterly loss from continuing operations to a range of $0.07 to $0.10/share.
  • Cablevision (CVC) sued by movie and TV producers challenging its planned technology to allow viewers to record programming.
  • Citigroup (C) considering teaming up with China Life Insurance to bid for a stake in Chinese lender Guangdong Development Bank - WSJ.
  • eBay (EBAY) upgraded to overweight from neutral weight by Prudential Equity Group; valuation.
  • Flowers Foods (FLO) 1Q net income $0.37/share, with revenue up 11% to $563 million on sales of Nature's Own products; reiterated its 2006 adjusted earnings should be between $1.10 and $1.19 a share on revenue between $1.87 billion and $1.9 billion.
  • Inergy LP (NRGY) plans to sell 2.9 million shares in a public offering; will use proceeds to repay borrowings and up to 5% of the shares may be purchased by certain members of management team.
  • Intel (INTC) CEO said the company is sticking with its brighter chip-demand forecast for the second half, despite stiff competition from rival AMD.
  • M-Systems Flash Disk Pioneers Ltd. (FLSH) said it will sell 8.7 million shares in a public offering, and gave underwriters an option to sell 1.3 million more shares.
  • MasterCard IPO priced at $39 a share, below the expected range, but it is still the biggest U.S. IPO since May 2004.
  • Microsoft (MSFT) MSN unit is in talks to buy a company that provides ads for the wireless Web sites of several content providers; company also expanded investments and projects in South Korea - WSJ.
  • Nintendo reported 2005 net profit increased 12.5% year on year to 98.38 billion yen ($873 million); mostly to foreign exchange gains worth 45.5 billion yen. Sales declined 1.2% in the same period to 509.25 billion yen; projects net profit will fall 34% to 65.00 billion yen on sales of 600.00 billion yen in the current fiscal year.
  • Pioneer Drilling (PDC) 4Q net income $36/share, from $5.5 million. Sales rose to $82.8 million, due to continued strong demand for rigs. The company added that, with demand remaining strong, it intends to continue to expand and strengthen its market position.
  • Regions Financial (RF) $10 billion deal to merge with fellow Birmingham, Ala.-based bank AmSouth Bancorp (ASO).
  • Sanders Morris Harris Group (SMHG) said that it is planning to offer 5 million shares in an underwritten public offer.
  • Wal-Mart (WMT) upgraded to buy from neutral at Banc of America Securities; raising 2006 and 2007 earnings estimates.

Market Update

  • Asian trading closed in the red with the Hang Seng -0.79% and the Nikkei losing -1.34%.
  • A quick check of European bourses finds CAC +0.37%, DAX +0.68% and FTSE 0.61%.
  • Crude oil is trading higher +0.39 to 70.25 and gold is +8.7 to 646.2.


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