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.

Spotlight Stocks: Washington Mutual, Thornburg, Take-Two

By

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

PrintPRINT
Stocks to watch for Wednesday, March 12, 2008:

Shares of Washington Mutual surged almost 20% yesterday on unconfirmed chatter that either Goldman Sachs (GS) or Warren Buffer may be putting capital into the company.

Yesterday after the bell, Take-Two Interactive Software (TTWO) reported a loss of $38 million, or $0.52 cents per share, compared to analyst estimates of a loss of $0.49 per share.

Thornburg Mortgage (TMA) shares popped more than 100% yesterday on reports the troubled jumbo mortgage lender may be nearing an agreement with its lenders that would not force it into bankruptcy.

Google (GOOG) was up 6.3% yesterday amid the broader market rally and news the E.U. approved its takeover of online advertiser DoubleClick (DCLK).

J. Crew Group (JCG) said fourth quarter net income fell to $0.39 per share from $0.71 a year ago. The company issued profit guidance for 2008 of between $1.85 to 1.87 per share, higher than the $1.84 analysts were expecting.

Immucor (BLUDE) announced it would buy privately-held BioArray Solutions for $117 million. The company said the acquisition would reduce earnings by between 20-23 cents per share this year.


Market Recap
  • Asian trading closed with the Hang Seng +1.86%, Nikkei +1.60%, Sensex +0.03%, Taiwan +0.64% and Shanghai -2.30%.
  • A quick look towards Europe finds the CAC +1.96%, DAX +1.62%, FTSE +1.84%, ATX +1.93%, Swiss Mkt. +1.62% and Stockholm +2.08%.
  • Crude oil is trading higher +0.10 to 108.89 and gold is up +1.00 to 977.00 this morning.

WHAT DO OUR EXPERTS THINK ABOUT THESE STOCKS? GET A FREE TRIAL TO OUR PREMIUM PRODUCTS: BUZZ & BANTER, JEFF COOPER'S MARKET REPORT & FLEXFOLIO. CALL 212-991-9357 OR CLICK BELOW FOR A 14 DAY FREE TRIAL.
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.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE