Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks to Watch: Boston Scientific, Chipotle, Mittal, Teck, Whole Foods


Hit me with your best shot!


Stocks to watch for Tuesday, August 1

  • Affymetrix (AFFX) reported lower revenues and said it swung to a loss in the second quarter, hurt by a spike in costs.
  • ATS Medical (ATSI) said its Open Pivot AP360 Mechanical Heart Valve has received approval for marketing and use in Europe.
  • Boston Scientific (BSX) and St. Jude Medical have agreed to settle four patent disputes, and said they also reached an accord to limit legal parameters for two other disputes.
  • Brooks Automation (BRKS) said it has revised its financial statements for the fiscal 1996 through 2005 due to matters related to stock-option grants. The provider of hardware and software to chip manufacturers said it has recorded cumulative additional non-cash, pretax stock-based compensation expenses of $64.5 million.
  • Cedar Fair (FUN) reported second-quarter net earnings of $11 million, or 20 cents a share, compared with $12.3 million, or 22 cents a share, in the same period last year.
  • Chipotle Mexican Grill (CMG) reported a 58% drop in net second quarter profit on Monday because of the lack of a one-time tax benefit -- but the restaurant chain reported sharply higher same-store sales and total revenue.
  • EOG Resources (EOG) said second-quarter income available to shareholders reached $329.6 million, or $1.34 a share, from $247.6 million, or $1.02 a share, during the same period in the prior year.
  • Fidelity's No. 2 executive is on the shortlist of candidates to become NFL commissioner.
  • Ford Motor (F) has ended its "Drive On Us" national incentive campaign and is shifting to offer regional promotions in an effort to clear 2006-model-year inventory.
  • HealthSpring (HS) said second-quarter net profit rose to $21.1 million from $7.88 million in the prior year. Income available to shareholders rose to $21.1 million, or 37 cents a share, from $3.36 million, or 10 a share, in the prior year.
  • Ikanos Communications (IKAN) forecast third-quarter revenue ranging from $40 million to $43 million and said its expenses would rise. Ikanos pegged its gross margin, excluding the effect of one-time items, at 45% to 47%.
  • Kindred Healthcare (KND) reported second-quarter earnings of $29.7 million, or 69 cents a share, compared with $66 million, or $1.43 a share, in the same period last year.
  • Mittal's (MT) deal for Arcelor could cost as much as $6.38 billion more due to a challenge by minority investors in Arcelor's Brazil unit.
  • Navarre (NAVR) said first-quarter net income fell to $634,000, or 2 cents a share, from $1.91 million, or 6 cents a share, during the same period in the prior year.
  • Photronics (PLAB) said it now sees lower third-quarter results due to a shortfall in flat panel display mask orders and shipments. The Connecticut-based company lowered its revenue view to a range of $106 million to $107 million from its prior range of $119 million to $124 million.
  • RenaissanceRe Holdings (RNR) reported a 23% drop in second-quarter net income and unveiled a proposed $15 million agreement with the Securities and Exchange Commission to settle a probe by the agency into a recent restatement by the Bermuda-based reinsurer.
  • R.H. Donnelley (RHD) said it expects 2006 earnings before interest, taxes, depreciation and amortization -- or EBITDA -- to reach $1.46 billion for fiscal 2006. The company also said it foresees total revenue to reach $2.68 billion for the year. Also, the company swung to a second-quarter loss in the wake of transactions involving Dex Media and AT&T (T).
  • Simon Property Group (SPG) after the closing bell Monday said second-quarter net per-share profit fell from the year-ago period, which included a 40-cent-per-share gain on the sale of two office building complexes.
  • Teck (TCK) raised its bid for Inco (N) to value the mining firm at $16.63 billion, as it seeks to lure shareholders from Phelps Dodge's (PD) rival offer.
  • Time Warner (TWX) and Comcast (CMCSA) said they have completed the acquisition of most of Adelphia Communications (ADELQ) assets for $12.5 billion cash and a 16% stake in Time Warner Cable.
  • Vulcan Materials (VMC) said quarterly net profit rose to $147.7 million, or $1.45 a share, from $121.5 million, or $1.17 a share, during the same period in the prior year.
  • Whole Foods Markets (WFMI) said third-quarter net income surged nearly 34%, as organic food became more mainstream, but overall sales missed Wall Street estimates.

Market Update:

  • Asian trading closed with the Hang Seng -0.35%, Nikkei -0.10%, Shanghai -0.75%, Taiwan -0.20%, Jakarta +1.48% and Sensex +0.16%.
  • A quick look across the pond finds the CAC -0.20%, DAX -0.20%, FTSE +0.12%, Swiss mkt -0.06%.
  • Crude oil is trading +0.28 to 74.68 while gold is -0.4 to 646.4.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos