Via News Contrast:
Yesterday's Closing Levels:
DJIA 11,216.50 (-23.05; -0.21%)
NASDAQ 2,361.17 (+1.42; +0.06%)
S&P500 1,309.04 (-2.52; -0.19%)
10-Yr Bond 4.893%
S&P FAIR VALUE -$0.21 this morning.
(AH) Armor Holdings acquired Photonics AG in Switzerland.
(AMV) AmeriVest CFO will retire on May 31, 2006.
(NYSE:AN) Auto Nation raised prior guidance to $0.36-0.38 from prior $0.32-0.35.
(NASDAQ:ASFI) Asta Funding positive article in Business Week on buying distressed debt.
(ASPM) Aspect positive article in Business Week.
(NYSE:AZZ) Aztec Manufacturing $0.45 EPS vs $0.35e.
(NYSE:C) Citigroup was noted positively in WSJ citing Morningstar valuation comments on it as worth $54
(NASDAQ:CHTR) Charter Communications revised guidance to flat year-over-year and announced its Chief Accounting Officer is resigning.
(CKR) CKE Restaurants $0.22 EPS vs $0.18e.
(CMX) Caremark positive article in Investors Business Daily.
(NASDAQ:DLTR) Dollar Tree reaffirmed Q1 sales guidance $845M-$870M.
(NASDAQ:EXTR) Extreme Networks issued a revenue warning; stock down 10%.
(NYSE:F) Ford's president Padilla is stepping down and Bill Ford will assume responsibilities for now.
(NYSE:GLW) Corning positive article in Business Week.
(HC) Hanover Compressor's stake held by activist investor group ValueAct was boosted from 6.6% to 8.9%.
(NYSE:HMA) Health Management Associates discontinued its planned $400M note offering but said it is continuing to explore alternative long-term financing arrangements.
(HORC) Horizon Health $0.11/R$64.1M vs $0.21/$64.8M(e).
(NASDAQ:INTC) Intel noted as more favorable performing products over AMD by an analyst at Thomas Weisel.
(NASDAQ:IPXL) Impax Labs received US FDA approval for generic Salagen tablet.
(KOSP) started as Buy at Oppenheimer.
(LI) Laidlaw $0.38 EPS vs $0.39e.
(NASDAQ:LWSN) Lawson Software $0.09/R$87.7M vs $0.07/$88.4M(e).
(NYSE:LMT) Lockheed Martin won a $408M Air Force contract.
(MEDX) Medarex 10M share secondary priced at $11.75 (vs $12.28 close).
(NEW) New Century said its Q1 loan production reached $14.3B and it is on track to meet internal targets.
(NOVN) Noven Pharma announced FDA approval of attention deficit disorder patch.
(NT) NorTel said it will exit all operations in which it cannot have 20% market share, which is said to affect 65% of its current business.
(ONAV) Omega Navigation priced its 12M share IPO at $17.00, under the range.
(ONNN) On Semiconductor 10.5M share secondary priced at $7.00 (vs $7.11 close).
(NASDAQ:PHIIK) 4.2+M share secondary priced at $35.00 (vs $35.65 close).
(NASDAQ:RCKY) Rocky Shoes & Boots registered 484,000 shares for selling holders.
(RIMM) Research in Motion down $4.50 after missing and giving slightly lower guidance.
(NASDAQ:SBUX) Starbucks s-s-s +10%; stock up 2% pre-market.
(SFNT) Safenet slightly lowered guidance but announced its CFO is leaving effective immediately; is not pursuing nCipher acquisition.
(SHPGY) Shire receives approval from FDA for Transdermal Patch.
(NASDAQ:SKYW) Skywest sees Q1 $0.56-0.62 EPS vs $0.62e.
(NASDAQ:SONC) Sonic announced a 3-2 stock split and increased share buyback plan.
(SRZ) Sunrise Assisted Living receives $90M in buyout for 10 management contracts.
(NASDAQ:STEM) StemCells sold 11.75M shares at $3.05
(NYSE:STZ) Constellation Brands $0.24 EPS after charges vs $0.37e; revenues higher $1.3B vs $1.12B(e).
(TALX) Talx Corp buys Performance Assessment Network for $75M.
(TMTA) Transmeta signed new agreement with Sony.
(NYSE:TWX) Time Warner reportedly set to do more layoffs in print unit.
(VEXP) Velocity Express registered 25.35M shares for selling holders.
(WEBM) Webmethods raised EPS guidance to $0.11-0.14 vs $0.08e and R$57-59M vs $54+M(e).
(NYSE:WPZ) Williams Partners LP files to sell 7M shares.
(NASDAQ:XXIA) Ixia down over 6% after earnings warning.
(ZZ) Sealy IPO priced 23.3M shares at $16.00, at the high-end of the range.
AA Reitr Buy at Citigroup.
ALDN started as Strong Buy at Brean Murray.
ALTR started as Buy at Stiffel Nicklaus.
ANF reitr Outperform at Piper Jaffray.
BEAS started as Overweight at MSDW.
CM started as Underweight at MSDW.
CNX started as Outperform at RBC.
DLTR reitr Buy at Merrill Lynch.
DO cut to Hold at AGEdwards.
EDO cut to Underperform at CSFB.
ESL raised to Outperform at CSFB.
ETN started as Outperform at FBR.
EV raised to Buy at AGEdwards.
FINL cut to Underperform at Goldman Sachs.
GCO raised to In-Line at Goldman Sachs.
GE reitr Buy at UBS.
GILD reitr Overweight at MSDW.
HMA cut to In-Line at Goldman Sachs.
IBM reitr Outperform at Thomas Weisel.
ICE cut to Equal Weight at MSDW.
IFS started as Outperform at CSFB.
INTV cut to Outperform at Raymond James.
IOMI started as Neutral at UBS.
KOSP started as Buy at Oppenheimer.
MVK maintained Hold at Jefferies.
NFP cut to Sector Perform at CIBC.
NVL cut to Underperform at CIBC.
ORCL started as Equal Weight at MSDW.
PCZ and IMO both started as Hold at Citigroup.
PRAI raised to Outperform at Goldman Sachs.
RIMM reitr Buy at Merrill Lynch; reitr Sell at Deutsche Bank; downgraded at RBC.
RNOW started as Equal Weight at MSDW.
RTN cut to Underperform at CSFB.
SAP started as Equal Weight at MSDW.
SIRF maintained Buy at Jefferies.
SNDK reitr underperform at Goldman Sachs, said now is good time to take profits; Citigroup says to build positions.
SPWR started as Hold at Jefferies.
STZ reitr Buy at Merrill Lynch.
SU started as BUY at Citigroup.
THE reitr Buy at Citigroup.
TUES cut to Underperform at CSFB.
UCTT started as Buy at Needham.
VSEA reitr Overweight at Lehman.
X raised to Hold at Deutsche Bank.
XLNX started as Buy at Stiffel Nicklaus.
Deutsche Bank reiterated its Buy ratings on YHOO, MNST, HOMS, and reiterated Hold on IVIL.
Jim Cramer's "Mad Money": In the "Feature Round," Cramer began by evaluating the upcoming IPO of Sealy (ZZ), the largest maker of mattresses. "How can you make money off it? Cramer: The IPO is priced at $14-$16, but you should buy it up to $18, as I think it will go to $20. Buy ZZ up to $18 and sell it when it breaks above $20." Also in the "Feature Round" for Europe Cramer evaluated a small Wall Street Journal news story, on Unicredit (UC/Italy), a Europe-based bank as a Buy on Poland and Eastern Europe. In the "Lightning Round," Cramer was POSITIVE on Toyota (NYSE:TM), Tata Motors (NYSE:TTM), ZymoGenetics (ZGEN), International Gaming Tech (NYSE:IGT), Brocade (NASDAQ:BRCD), Fortune Brands (FO), Illinois Tool Works (NYSE:ITW), Schering-Plough (SGP), Penwest (PPCO), Denbury (NYSE:DNR), Starbucks (SBUX); and Costco (NASDAQ:COST); was NEGATIVE on NitroMed (NTMD), Novavax (NASDAQ:NVAX), and Parlux (NASDAQ:PARL). "Discussion Round," Cramer evaluated Federated Department Stores (FD) said Bill Stiritz just bought $20M worth of FD and to get in on FD before everyone else figures out it is a value; Cramer also evaluated the tech gadget rally with Bill Mitchell, CEO/President of Arrow Electronics (NYSE:ARW); Mitchell does not see a slowdown in the second half and Cramer said it's a solid gadget-oriented play and he recommended it.
8:30 AM EST March Unemployment and Non-Farm Payrolls (200K est.).