Miles J. Stoner, @StockHollywood

Dallas, Texas

5.20.2010

Preview May 21

Milestone Financial Investments
  1. Dell (DELL:$14.32,00$-0.66,00-4.41%) fell despite mostly positive earnings out in Thursday's extended-hours period. Dell reported Q1 non-GAAP EPS of $0.30 vs $0.25 a year earlier and topping the Thomson Reuters mean analyst estimate for $0.27. Revenue of $14.9 billion is up 21% from the year-ago quarter. The Street expected $14.2 billion.
    • The stock may open between 13.80 to 14. Its mixed performance may allow for both a long and short play on the issue. 
    • For longs, the 13.60 to 13.80 evening floor may prove attractive. 
    • On the short side, any move from 13.90 to 14 may be worth a look for a push back to the 13.60 area.
  2.  Brocade Communications Systems Inc. (BRCD:$5.87,00$-0.19,00-3.14%) swung to a fiscal second-quarter profit on higher margins and fewer charges, though revenue slipped.: Stock slid to evening low of 5.10, In the near-term, the stock favors widening its share move between the sessions, doing so in three of the last four quarters.
    • An open around 5.30 to 5.40 is possible. 
    • For longs, a push below 5.30 could set up for a potential modest rebound back to the 5.50 area. 
    • On the short side, the evening congestion ranging between 5.40 and 5.50 might prove a trigger point for a fresh move lower
    • Price: 5.42, Change: -0.45, Percent Change: -7.7
  3. Focus Media Holding Ltd. (FMCN:$15.10,00$-0.56,00-3.58%) reported non-GAAP net of $0.16 per ADS for the first quarter compared with $0.14 a year ago. A Thomson Reuters mean estimate put the earnings at $0.15 for the latest quarter.
    •  This should have a small pop early in day, then be flat, I will try to s/s some at HOD as people get tired it goes no where they will dump their shares.
  4. Marvell (MRVL:$17.84,00$-0.67,00-3.62%) reported Q1 non-GAAP EPS of $0.38 vs $0.05 a year earlier and the Street view for $0.37. Revenue of $856 million jumped sharply from the year ago period. 
    • 17.02-18.49 after hours range, last was 17.90.
    • Ended ah's closer to the top, this could pop or reverse trend, revenue up so possible long.
  5. Theravance Inc (THRX:$13.02,00$-1.21,00-8.50%) said data presented by partner GlaxoSmithKline (GSK:...) from a mid-stage trial showed that their experimental asthma treatment was well-tolerated in patients, with no significant adverse effects.
    • 13.00 - 14.18, last was  14.18 and it was 177,000 shares
    • Someone bet this stock would make gains tomorrow, we will see, be looking to scalp pops.
  6. Red Robin Gourmet Burgers Inc.'s (RRGB:$23.56,00$-1.59,00-6.32%) fiscal first-quarter earnings profit climbed 29% on slightly higher revenue and various one-time gains and charges.
    Shares dropped 10% to $21.11 in after-hours trading as the restaurant-chain operator's revenue fell short of Wall Street's expectations though the earnings topped analysts' estimate.
    • This could be red/green play.
  7. Celldex Therapeutics Inc's (CLDX:$7.6775,$-1.2525,-14.03%) experimental brain cancer vaccine helped some patients in a mid-stage trial, but the success rate fell short of that seen in earlier studies, and shares fell 20 percent after hours.
    • Perfect set up for a short here, just have to time it right, should decline all day. 
  8.  Office Depot (ODP:$5.78,00$-0.41,00-6.62%) , a leading global provider of office products and services, is launching a new in-store shredding service for customers, Document Shredding While You Wait, available in select Office Depot stores via the Copy & Print Depot. Office Depot will destroy and dispose of paper and stapled documents for just 99 cents a pound. 
    • They been getting murdered, they got some good stuff going on, looking to long off low.
  9. Tactical Air Defense Services, Inc. (TADF:$0.0106,$-0.0115,-52.04%) , an Aerospace/Defense Services contractor that offers air-combat training, aerial refueling, aircraft maintenance training, disaster relief services, and other Aerospace/Defense services to the United States and Foreign militaries and agencies, is pleased to announce that it has signed a Letter of Intent (the "LOI") to acquire Tactical Air Support, Inc.
    • This one has gotten hammered over the last day or so down 90% in all I think, 50% today, but the pumps are back and this news may push it very high tomorrow. 
  10. Abraxis BioScience, Inc. (ABII:$44.27,00$-2.73,00-5.81%), Second Trial with ABRAXANE to Demonstrate Increased Survival in Patients with Advanced Pancreatic Cancer.
    • Keep an eye on this one, but this co is so valuable already this small bit of very good news may play no key role. 
Watch-Listers
  1. Foot Locker Inc. (FL:$13.44,00$-0.22,00-1.61%) reported its first-quarter net income rose to $54 million, or 34 cents a share, from $31 million, or 20 cents, a year ago. Analysts polled by FactSet Research had expected the New York-based sports footwear company to report earnings of 27 cents a share on $1.26 billion in revenue. 
  2. San Francisco-based Salesforce.com (CRM:$79.03,00$-2.57,00-3.15%) said its first-quarter net income fell to $17.7 million, or 13 cents a share, from $18.4 million, or 15 cents a share, in the same period last year. Revenue for the period ended in April rose 24% to $376.8 million. Analysts polled by Thomson Reuters had expected Salesforce.com to report earnings of 30 cents a share, and $367.9 million in revenue. 
  3. Gap Inc. (GPS:$21.74,00$-0.60,00-2.69%) the largest U.S. clothing chain said its first-quarter profit rose to $302 million, or 45 cents a share, from 215 million or 31 cents a share a year earlier. Analysts, on average, estimated the retailer would earn 42 cents a share on sales of $3.33 billion, according to FactSet.
  4. AnnTaylor Stores (ANN:$20.23,00$-0.22,00-1.08%) is forecast to post earnings of 35 cents a share in the first quarter, according to analysts surveyed by Thomson Reuters.
  5. ETF's
    1. UCO
    2. TZA
    3. FAZ
    4. I really been loving these nowadays, UCO especially, oil is so cheap.
UPSIDE MOVERS:
MRVL: 17.02 to 18.50
NDSN: 62.83 to 66
FL: 13.44 to 14.25
ARO: 27.20 to 27.85
V: 72.58 to 74.21
KNX: 20.21 to 20.48
DOWNSIDE MOVERS:
RRGB: 21.60 to 24.19
DELL: 13.37 to 14.97
BRCM: 31.45 to 32.57
INTU: 33.33 to 34.34
ZUMZ: 16.33 to 16.83
GPS: 21.25 to 22.02
PSUN: 4.30 to 4.65
CRM: 72 to 79.99

After-Hours News Movers, courtesy of Midnight Trader
DELL, -2.9%
MRVL, +2.02%
BRCM, -0.9%
NDSN, +5.1%
FL, +6.03%
ARO, +0.04%
V, +0.38%
KNX, +0.54%
INTU, -0.74%
ZUMZ, -0.49%
GPS, +1.27%
PSUN, -0.9%
CRM, -4.34%
RRGB, -9.8%

Credit Card Woes:
Visa, MasterCard (MA:$205.50,00$3.05,001.51%) lost about $13 bln market cap over week
* Investors see market "overreaction" to Senate fee vote
* V shares down 22.6 pct vs. month-ago, MA down 21.6 pct