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Stocks to Watch: CME Group, Dow Jones, Home Depot, Mattel, Wal-Mart


Tuesday's top stories and stocks with potential to move...


Stocks to watch for Tuesday, August 14, 2007:

  • Bob Evans Farms (BOBE) reported first-quarter net earnings of $13.3 million, or 38 cents a share, up 1.8% from $13.1 million, or 36 cents a share, during the year-ago period. The restaurant operator said revenue for the three months ended July 27 rose 5.3% to $424.6 million from $403.4 million.
  • CME Group (CME), the parent of the Chicago Mercantile Exchange, said it will cut 380 jobs and will combine floor trading to a single site by March as part of its merger with the Chicago Board of Trade.
  • Dow Jones (DJ) advertising revenue at The Wall Street Journal fell 7.2% in July on a 20.9% decrease in advertising volume. The company said technology advertising at the Journal fell 75.4%, while general advertising fell 5.9%. Classified advertising fell 13.5%, while financial advertising rose 21%.
  • Home Depot's (HD) fiscal second-quarter net income dropped 15% as the home-improvement retailer continues to struggle amid a tough housing market. For the quarter ended July 29, the firm posted net income of $1.59 billion, or 81 cents a share, compared with $1.86 billion, or 90 cents a share, a year earlier.
  • Jamba's (JMBA) fiscal second-quarter revenue rose 14% to $89.6 million from $78.5 million in the year-ago period. Same-store sales for the Jamba Juice operator fell 3.3% in the period ended July 24.
  • Mattel (MAT) is close to announcing its second big recall of Chinese-made toys in as many weeks. People briefed on the matter say it will recall possibly hundreds of thousands of more item.
  • Orbitz Worldwide (OWW) reported a second-quarter net loss of $32 million, compared with a net loss of $116 million, during the year-ago period. The online travel company said revenue for the three months ended June 30 rose to $229 million from $207 million.
  • Qualcomm (QCOM) said Louis Lupin, its executive vice president and general counsel, had resigned from those positions and is taking a leave of absence. Carol Lam, a former U.S. attorney in San Diego who joined Qualcomm in February, will be acting general counsel while a search is conducted for a permanent successor, the company said.
  • Wal-Mart (WMT) posted a 49% rise in second-quarter net income amid a year-earlier charge as the retailer cut its fiscal-year earnings forecast. President and Chief Executive Lee Scott said "...our underlying operating performance this quarter is not what we expect of ourselves, and not what our shareholders expect of us."

Market Update

  • Asian trading closed with the Hang Seng +0.53, Nikkei +0.27%, Sensex -0.11%, Taiwan -0.31% and Shanghai +1.09%.
  • A quick check of European bourses has the CAC -0.54%, DAX -0.27%, FTSE +0.14%, ATX +0.29%, Swiss Mkt. -0.60% and Stockholm -0.01%.
  • Crude oil is trading higher +0.46 to 72.08 and gold is lower -1.8 to 679.1 this morning.
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No positions in stocks mentioned.

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