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Stocks to Watch: Coldwater Creek, Conoco Phillips, Delta Air Lines, Disney, Qualcomm


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


Stocks to watch for Thursday, October 4, 2007:

  • Applebee's International (APPB) said U.S. September same-store sales increased 0.6%. System-wide U.S. same-store sales for the third quarter fell 0.3%
  • Bemis (BMS) lowered its third-quarter earnings outlook to 37 cents to 40 cents a share from a previous range of 48 cents to 51 cents a share. The company said sales volumes substantially weakened during the quarter.
  • Chevron (CVX), who is leading a group in developing the Tenzig oil field in Kazakhstan, has been hit with a $609 mln fine by the country's authorities.
  • Coldwater Creek's (CWTR) Chief Executive and co-founder Dennis Pence plans to retire from the position on Oct. 30, but will remain as chairman. The company said Daniel Griesemer will become president and CEO.
  • Conoco Phillips' (COP) financial update yesterday showed the industry of refining and selling gasoline may be becoming less profitable. COP said refining margins narrowed significantly during the just-ended quarter compared with the second quarter. Refining margins, or the difference between the price of oil and the price of refined products, are an indicator of refining-industry profit margins. ConocoPhillips was down $1.41, or 1.7%, to $84.06 in 4 p.m. New York Stock Exchange composite trading.
  • Delta Air Lines (DAL: News, Quote) said September traffic rose 7.8% to 9.79 billion revenue passenger miles. Capacity increased 3.6% to 12.6 billion available seat miles. Load factor, or percentage of seats filled, rose to 77.6% from 74.6% .
  • Disney (DIS) is looking to build niche resorts and attractions as part of its new theme-park strategy, beginning with a stand-alone resort in Hawaii. The company said it had purchased 21 acres of oceanfront property on the island of Oahu, where it will build its first solo resort featuring both hotel rooms and vacation-club villas.
  • NutriSystem (NTRI) cut its third-quarter earnings forecast, citing a decline in business from new customers. The company now expects earnings of 62 cents to 66 cents a share, down from its previous forecast of 77 cents to 82 cents a share.
  • Qualcomm (QCOM) claimed its failure to produce more than 300,000 pages of evidence in its case against Broadcom (BRCM) was not deliberate, but cited errors, misunderstandings and communication breakdowns.
  • Tousa (TOA), a homebuilder, withdrew its 2007 and 2008 forecasts, citing worsening market conditions that are hurting the new-home industry.
  • UAL Corp.'s (UAUA) United Airlines said September traffic declined 0.8% to 9.18 billion revenue passenger miles. Capacity declined 1.7% from the year-ago period. Load factor rose to 80.2% from 79.5% in the year-ago period.

Market Update

  • Asian trading ended in the red with the Hang Seng -1.84%, Nikkei -0.62%, Sensex -0.39% and Taiwan -0.75%. The Shanghai market was closed.
  • A quick check of European bourses finds the CAC +0.12%, DAX +0.01%, FTSE +0.58%, ATX +0.86%, Swiss Mkt. -0.19% and Stockholm -0.03%.
  • Crude oil is trading -0.41 to 79.53 and gold is lower -4.8 to 730.9 this morning.
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