Via News Contrast:
S&P Fair Value +$1.03.
(AMAT) Applied Materials $0.29 EPS vs $0.23e; R$2.25B vs $2.15B(e);new orders $2.49B; stock trading down 1.8% pre-market.
(ANF) Abercrombie & Fitch $0.62 EPS vs $0.54e.
(AZN) AstraZeneca NXY-059 is safe in stroke studies and will seek FDA approval in 2007.
(BIDU) Baidu.com up 1% on hard disk search pact with IBM.
(CD) Cendant’s travel business are reportedly being looked at by private equity firms.
(CHRS) Charming Shoppes $0.24 EPS vs $0.24e.
(CPWR) Compuware $0.15 EPS vs $0.13e; R$309.48M vs $309.9M(e).
(CYB) Cybex 3.5M share secondary priced at $5.50.
(CYTC) Cytec noted positively in Barron’s online.
(DCEL) Dobson Communication largest holder entered into a variable share prepaid contract covering 7.2+M shares; started as Buy at Merrill Lynch.
(DLIA) Delia’s registered 4.1M shares for selling holders.
(FAL) Falconbridge gets buyout offer from Xstrata for remaining 80% not owned.
(GOL) Gol Linhas filed to sell preferred stock and convertible notes.
(HPQ) Hewlett Packard $0.54 EPS vs $0.49e; trading up$1.11 pre-market after beating earnings and raising guidance.
(LCRD) Lasercard $0.15 EPS vs $0.13e.
(MDT) Medtronic received FDA approval for Concerto and Virtuoso line of cardiac devices.
(NCBC) New Century Bancorp filed to sell 1M share of common stock.
(NCOG) NCO Group formed a special committee and retained advisors for the CEO’s $27.50 per share going private offer.
(NTES) Netease.com $0.26 EPS vs $0.23e; stock up 3% pre-market.
(NVL) Novelis $0.14 EPS vs $0.16e.
(NXTM) NxStage Medical filed to sell 6M shares of common stock.
(PFG) Principal Financial approved up to $500M in share buybacks.
(PLAB) Photronics $0.30 EPS vs $0.21e; R$119.5M vs $115.7M(e).
(PNSN) Penson 7.7+M share IPO priced at $17.00.
(REDE) Red Envelope hired WRHambrecht as financial advisor after posting wider than expected losses.
(REST) Restore Medical 4M share IPO priced at $8.00.
(RICK) Rick’s Cabaret raised net income guidance.
(RIGL) Rigel’s R343 compound selected by Pfizer; will get $5M milestone payment.
(RLH) Red Lion Hotels 5.6M share secondary priced at $11.00.
(RTLX) Retailix $0.18/R$50.7M vs $0.20/$48.35M(e).
(SPWR) SunPower filed to sell 7M shares of common stock.
(SVC) Stewart & Stevenson received contract modifications w/ $625M total value.
(THC) Tenet Healthcare announced $21M civil settlement in San Diego hospital case.
(TNM) Thomas Nelson $0.42 EPS vs $0.48e.
(TOO) Too Inc. $0.35 EPS vs $0.30e.
(TRB) Tribune revenues in April fell another 3%.
(UAG) United Auto Group filed to sell $375M in debt.
(VSAT) Viasat $0.28 EPS as expected.
(XMSR) XM sued by recording industry over handheld devices.
(YHOO) Yahoo is seeking to narrow the gap in its search and Google’s according to Financial Times.
(ZLC) Zale’s $0.24 EPS vs $0.21e.
(ZMH) Zimmer noted positively in Barron’s online.
(ZUMZ) Zumiez announced it will acquire action sport retailer Fast Forward.
ACAS started as Outperform at William Blair.
ADP raised to Outperform at bear Stearns.
ADSK raised to Outperform at Piper Jaffray.
AMAT raised to Neutral at First Albany; maintained Buy at Soleil; maintain neutral at UBS and Prudential; maintained Hold at Deutsche Bank.
ARNA started as Equal Weight at Lehman.
BNT started as In-line at Goldman Sachs.
BRCM reitr Buy and raised tgt to $60 at UBS.
CLAY started as reduce at Robinson Humphreys.
CYNO raised to Buy at Citigroup.
DCEL started as Buy at Merrill Lynch.
EQ started as Neutral at UBS.
ESLT raised to Buy at UBS.
FWRD raised to Outperform at RWBaird.
GG Cut to Hold at Adams Harkness Hill.
GILD reitr Outperform at Piper Jaffray.
GME raised to Buy at Wedbush Morgan.
HD reitr Underweight at JPMorgan.
HEW cut to Underperform at Wachovia.
JNJ started as Outperform at Goldman Sachs.
KBAY reitr Buy at UBS.
KOR cut to Neutral at UBS.
MCD started as Buy at Citigroup.
MEDI raised to Outperform at bear Stearns.
MOT maintained Buy at Citigroup.
MUR raised to Buy at AGEdwards.
NOK reitr Outperform at Piper Jaffray.
NTBK raised to Outperform at KBW.
NTES cut to Hold at Citigroup.
ONAV started as Buy at Jefferies; started as Overweight at JPMorgan.
ONXX raised to Overweight at Prudential.
OPWV reitr Outperform at Wachovia.
PAA raised to In-Line at Goldman Sachs.
PRGO started as In-line at Goldman Sachs.
PRX started as In-line at Goldman Sachs.
RARE started as Overweight at JPMorgan.
RS started as Buy at UBS.
RYI started as Buy at UBS.
S started as Buy at Raymond James.
QSFT started as Overweight at Prudential.
SBUX started as Hold at Citigroup.
SEO raised to Buy at Adams Harkness Hill.
SPLS reitr Buy at Deutsche Bank.
SVVS started as Buy at Jefferies.
SYNA reitr Outperform at Bear Stearns.
TARO started as Underperform at Goldman Sachs.
TIF maintained Outperform at CIBC.
TLCP cut to Underperform at Goldman Sachs.
WMG raised to Equal Weight at MSDW.
WMT reitr Buy at Deutsche Bank.
XMSR maintained Outperform but removed from Top Pick list at FBR.
YHOO reitr Neutral at Oppenheimer.
YUM started as Hold at Citigroup.
ZZ started as Buy at Citigroup; started as Buy at B of A.
April CPI released at 8:30 +0.6% expected nominal CPI and +0.2% expected in core CPI.