24/7 Wall St. » ARMH

24/7 Wall St. Closing Bell — May 24, 2012 (HPQ, ARMH, DUK, NOV, MET, FRED, HNZ, TIF, COST, TD, CRMT, MENT, POST, FRO, JDAS, NTAP, ROSG, P)

Paul Ausick — Thu, 24 May 2012 20:05:29 +0000

The three major US stock indexes opened lower this morning following a weak report on Chinese and German PMI readings (our coverage here and here). New US jobless benefits claims came in pretty much as expected and Kansas City Fed manufacturing data significantly beat estimates. Tech stocks soured the Nasdaq today and weighed on the other indexes as well. The US dollar index rose today, now up 0.27% at 82.318. The GSCI commodity index is down about 2% at 625.52, with commodities prices mixed. WTI crude oil closed up 0.9% at $90.66/barrel, staunching a two-day slide, and Brent crude trades up 0.92% at $106.53/barrel. Natural gas fell -3.3% today to $2.647/thousand cubic feet, following another inventory build (our coverage here). Gold settled up 0.6% today, at $1,557.60/ounce.

The unofficial closing bells put the DJIA up nearly 34 points to 12,530.91 (0.27%), the NASDAQ fell nearly 11points (-0.38%) to 2,839.38, and the S&P 500 rose 0.14% or nearly 2 points to 1,320.73.

There were several analyst upgrades and downgrades today, including Hewlett-Packard Co. (NYSE: HPQ) maintained as ‘neutral’ but estimates raised at Credit Suisse; ARM Holdings plc (NASDAQ: ARMH) raised to ‘buy’ at S&P; Duke Energy Corp. (NYSE: DUK) raised to ‘buy’ at UBS; National Oilwell Varco (NYSE: NOV) raised to ‘buy’ at SocGen; and MetLife Inc. (NYSE: MET) raised to ‘buy’ with a target price of $46 at Argus.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Hewlett-Packard is up 3% at $21.72 (more coverage here); Fred’s Inc. (NASDAQ: FRED) is down -2.5% at $14.05; H.J. Heinz Co. (NYSE: HNZ) is down -0.8% at $53.41; Tiffany & Co. (NYSE: TIF) is down -7.5% at $57.17 after posting a new 52-week low of $55.75 earlier today (more coverage here); Costco Wholesale Corp. (NASDAQ: COST) is up 1% at $84.16 (more coverage here); and The Toronto-Dominion Bank (NYSE: TD) is down -0.3% at $76.54.

Tomorrow we are scheduled to get earnings reports from America’s Car-Mart Inc. (NASDAQ: CRMT), Mentor Graphics Inc. (NASDAQ: MENT), Post Holdings Inc. (NYSE: POST), Frontline Ltd. (NYSE: FRO), and JDA Software Group Inc. (NASDAQ: JDAS).

We’ve also reviewed some potential value stocks among major oil companies, gold & silver miners, conglomerates, industrials, retail, and semiconductor stocks.

Other standouts from today include the following stocks:

Rosetta Genomics Inc. (NASDAQ: ROSG) is up nearly 52% at $17.07. The medical device maker is still booming on last week’s announcement that treatment would be covered by Medicare.

Pandora Media Inc. (NYSE: P) is up 12.5% at $11.62. The Internet radio company reported better-than-expected results last night. More coverage here.

Stay tuned for Friday. Philadelphia Fed President Charles Plosser is giving a speech. We have also noted the following events on the schedule (all times Eastern):

9:55 a.m. – Reuters/University of Michigan consumer sentiment index

Paul Ausick

Filed under: HI/LOW, Market Close Tagged: ARMH, COST, CRMT, DUK, FRED, FRO, HNZ, HPQ, JDAS, MENT, MET, NOV, NTAP, P, POST, ROSG, TD, TIF

Top Analyst Upgrades & Downgrades (ADI, ARMH, AGO, BHI, DF, DELL, DUK, EV, EXPR, HPQ, HGSI, IRDM, MET, NOV, OCZ, RSH, RA)

Administrator — Thu, 24 May 2012 12:18:24 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday.

Analog Devices Inc. (NYSE: ADI) Reiterated Buy with $43 target at Argus.

ARM Holdings PLC (NASDAQ: ARMH) Raised to Buy at S&P.

Assured Guaranty (NYSE: AGO) Raised to Buy at UBS.

Baker Hughes Inc. (NYSE: BHI) Cut to Hold at Societe Generale.

Dean Foods Co. (NYSE: DF) named as Bull of the Day in its turnaround at Zacks.

Dell Inc. (NASDAQ: DELL) Maintained Buy but target cut to $18 from $22 at Argus.

Duke Energy Corporation (NYSE: DUK) Raised to Buy at UBS.

Eaton Vance (NYSE: EV) Raised to Neutral from Sell at Citigroup.

Express Inc. (NYSE: EXPR) Started as Neutral at JPMorgan.

Hewlett-Packard Co. (NYSE: HPQ) Maintained Neutral but raised 2012/2013 estimates by 2% at Credit Suisse.

Human Genome Sciences Inc. (NASDAQ: HGSI) Cut to Market Perform with a price target of $13.00 at BMO Capital.

Iridium Communications Inc. (NASDAQ: IRDM) Started as Buy at CRT Capital.

MetLife Inc. (NYSE: MET) Reiterated Buy with $46 target at Argus.

National Oilwell Varco (NYSE: NOV) Raised to Buy at Societe Generale.

OCZ Technology Group Inc (NYSE: OCZ) Started as Outperform with $8 target at Credit Suisse.

RadioShack Corporation (NYSE: RSH) named as Bear of the Day at Zacks.

RailAmerica Inc. (NYSE: RA) Cut to Neutral at JPMorgan.

Three calls seen on NetApp (see here).

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: ADI, AGO, ARMH, BHI, DELL, DF, DUK, EV, EXPR, HGSI, HPQ, IRDM, MET, NOV, OCZ, RA, RSH

Nvidia Jumps on Results, Forecast (NVDA, ARMH, QCOM, AAPL, TXN, MSFT, INTC, AMD)

Paul Ausick — Fri, 11 May 2012 13:04:15 +0000

Chip maker Nvidia Corp. (NASDAQ: NVDA) handily beat consensus estimates for first quarter revenues and EPS the company reported this morning. Revenue totaled $924.9 million compared with an estimate of $916.2 million and adjusted EPS came in at $0.16 versus an estimate of $0.10.

The company’s CEO could barely contain his enthusiasm:

Kepler GPUs [graphics processing units] are accelerating our business. Our newly launched desktop products are winning some of the best reviews we’ve ever had. Notebook GPUs had a record quarter. And Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch.

Nvidia, which licenses designs from ARM Holdings plc (NASDAQ: ARMH), may be getting back on track following a couple of weak quarters. Like other ARM licensees such as Qualcomm Corp. (NASDAQ: QCOM), Apple Inc. (NASDAQ: AAPL), and Texas Instruments Inc. (NASDAQ: TXN), Nvidia is profiting from the explosive demand for mobile devices like smartphones and tablets.

The company’s growth prospects are further enhanced by a decision from Microsoft Corp. (NASDAQ: MSFT) to release a version of is Windows 8 operating system for ARM-based processors, the company’s first foray from the x86-designs of Intel Corp. (NASDAQ: INTC) and Advanced Micro Devices Inc. (NYSE: AMD).

Nvidia forecast second quarter revenue of $990 million to $1.05 billion, significantly above the current consensus estimate of $976.2 million. Non-GAAP gross margins are also expected to rise from 50.1% in the first quarter to 51.5% in the second quarter.

The company’s share price is down about -45% since the beginning of 2011. Nvidia’s forward P/E ratio in February of 2011 was north of 63. That has fallen to 13.65 today, indicating an abundance of enthusiasm from investors that the company simply couldn’t deliver on. The situation is changing now, and Nvidia might actually be set to deliver the goods.

Shares are up 9.5% in the pre-market this morning, at $13.58 in a 52-week range of $11.47-$20.52.

Paul Ausick

Filed under: Consumer Electronics, Earnings, Industry, Pre-Market Activity, Semiconductor, Semiconductors, Technology Tagged: AAPL, AMD, ARMH, featured, INTC, MSFT, NVDA, QCOM, TXN

Top Analyst Upgrades & Downgrades (ARMH, BIG, CHKM, CSCO, CPWM, DLB, HGSI, JDSU, LINE, MMM, NOV, ORCL, RGP, TPX, TLLP, TEVA, VRTX)

Administrator — Thu, 10 May 2012 12:25:05 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday.

ARM Holdings PLC (NASDAQ: ARMH) Raised to Market Perform at Bernstein.

Big Lots Inc. (NYSE: BIG) Raised to Overweight at Barclays.

Chesapeake Midstream Partners, L.P. (NYSE: CHKM) Started as Outperform at Credit Suisse.

Cisco Systems Inc. (NASDAQ: CSCO) Reiterated Buy with $24 target at Argus.

Cost Plus Inc. (NASDAQ: CPWM) Cut to Neutral at Wedbush.

Dolby Labs, Inc. (NYSE: DLB) Cut to Neutral at JPMorgan.

Human Genome Sciences Inc. (NASDAQ: HGSI) Cut to Market Perform at Leerink Swann.

JDS Uniphase Corporation (NASDAQ: JDSU) Raised to Buy at UBS.

Linn Energy, LLC (NASDAQ: LINE) Started as Outperform at Credit Suisse.

3M Co. (NYSE: MMM) Cut to Market Perform at Bernstein.

National Oilwell Varco Inc. (NYSE: NOV) Maintained Buy but cut target to $90 at Argus.

Oracle Corporation (NASDAQ: ORCL) Cut to Hold at ThinkEquity.

Regency Energy Partners LP (NYSE: RGP) Started as Outperform at Credit Suisse.

Tempur-Pedic International Inc. (NYSE: TPX) Raised to Strong Buy at Raymond James.

Tesoro Logistics LP (NYSE: TLLP) Started as Outperform at Credit Suisse.

Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) Cut to Hold at Needham.

Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) Cut to Outperform at RBC.

JON C. OGG

Filed under: Analyst Calls Tagged: ARMH, BIG, CHKM, CPWM, CSCO, DLB, HGSI, JDSU, LINE, MMM, NOV, ORCL, RGP, TEVA, TLLP, TPX, VRTX

Mobile Chip Maker’s Results Don’t Impress Investors (ARMH, AAPL, QCOM, NVDA, TXN, INTC)

Paul Ausick — Tue, 24 Apr 2012 11:47:16 +0000

UK-based chip designer ARM Holdings PLC (NASDAQ: ARMH) reported earnings earlier today, posting revenue of about $209.4 million, well above estimates of $201.23 million, but below revenues of $217 million in the fourth quarter of 2011. Earnings per ADS totaled $0.13, a penny below the consensus estimate, and it is that miss that is weighing on the share price in the pre-market this morning.

ARMH has other complications as well. The company’s designs are used in a variety of mobile devices, including iPhones and iPads from Apple Inc. (NASDAQ: AAPL) which uses chips manufactured by Qualcomm Corp. (NASDAQ: QCOM). Nvidia Corp. (NASDAQ: NVDA) and Texas Instruments Inc. (NASDAQ: TXN) also use ARM designs. The world’s biggest chip maker, Intel Corp. (NASDAQ: INTC), has not been a major force in the mobile device market, but that is about to change.

Intel launched its ‘Ivy Bridge’ processor family yesterday. The chip uses less power while still offering more computing punch. A version of the chip is scheduled to be released before summer, and that could have an impact on ARM’s business.

And what a business it is. Gross margins for the quarter were 94.4%, the same as they were in the same period a year ago. In the fourth quarter of 2011, gross margins were even higher — 96%.

For the full fiscal year, ARM said it expects “dollar revenues for the full-year 2012 will be in line with current market expectations.” The consensus estimate is $885.2 million.

Given that ARM’s quarterly performance can be characterized as merely ‘okay,’ that the company missed the consensus earnings estimate, that Intel is about to go after ARM’s main market, and that the company’s outlook remains unchanged, it’s no surprise that in the pre-market this morning, ARM ADSes are down more than -3% at $26.70 in a 52-week range of $22.10-$32.18.

Paul Ausick

Filed under: Consumer Electronics, Earnings, Industry, Semiconductors, Technology, Telecom Tagged: AAPL, ARMH, INTC, NVDA, QCOM, TXN

Top Analyst Upgrades & Downgrades (ARMH, STD, BBVA, PRSS, CBS, DRQ, FFIV, GE, GRPN, MSFT, NSM, PCLN, PGR, REGN)

Administrator — Mon, 23 Apr 2012 11:52:54 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday.

ARM Holdings PLC (NASDAQ: ARMH) Raised to Neutral at JPMorgan.

Banco Santander (NYSE: STD) Added to Conviction Buy List at Goldman Sachs; Raised to Overweight at JPMorgan.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) maintained Buy but removed from Conviction Buy List at Goldman Sachs.

CafePress Inc. (NASDAQ: PRSS) Started as Buy at Janney

CBS Corporation (NYSE: CBS) named Bull of the Day at Zacks.

Dril-Quip, Inc. (NYSE: DRQ) named Bear of the Day at Zacks.

F5 Networks, Inc. (NASDAQ: FFIV) Started as Overweight at Morgan Stanley.

General Electric Co. (NYSE: GE) Reiterated Outperform with $22 target at Credit Suisse.

Groupon, Inc. (NASDAQ: GRPN) Raised to Overweight at Evercore.

Microsoft Corporation (NASDAQ: MSFT) Reiterated Buy with $39 target at Argus.

Nationstar Mortgage Holdings Inc. (NYSE: NSM) Started as Outperform with $20 target at Credit Suisse; Started as Outperform at Wells Fargo; Started as Buy with $18 target at BofA/ML.

priceline.com Incorporated (NASDAQ: PCLN) Reiterated Outperform and raised target to $811 at Credit Suisse.

Progressive Corp. (NYSE: PGR) Cut to Neutral at Citigroup.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) Reiterated Buy and raised target to $146 at BofA/ML.

JON C. OGG

Filed under: Analyst Calls Tagged: ARMH, BBVA, CBS, DRQ, FFIV, GE, GRPN, MSFT, NSM, PCLN, PGR, PRSS, REGN, STD

Intel Posts Gain in Semiconductor Market (INTC, ARMH, SSNLF, TXN, QCOM)

Paul Ausick — Mon, 26 Mar 2012 16:28:30 +0000

Intel Corp. (NASDAQ: INTC) grew its share of the total global semiconductor market to 15.9% in 2011, posting growth of nearly 21% year-over-year, based on the latest research from iSuppli. Licensees of the ARM designs of ARM Holdings plc (NASDAQ: ARMH), including Samsung Electronics (OTC: SSNLF.PK) and Qualcomm Inc. (NASDAQ: QCOM) also saw share rises, as did Texas Instruments Inc. (NASDAQ: TXN).

Demand for Intel’s latest PC chips, together with higher demand for NAND flash memory drove the company’s performance in 2011. Intel also got a boost from its acquisition of mobile chipmaker Infineon Technologies. Texas Instruments’ acquisition of National Semiconductor boosted the company from 4th place to 3rd, while demand for Qualcomm’s ARM-based chips catapulted the company from 9th to 6th in the rankings. Qualcomm’s total grew by nearly 42% to 3.3% of the global market.

The iSuppli press release is available here.

Filed under: Industry, Semiconductor, Semiconductors, Technology, Technology Companies, Wireless Tagged: ARMH, INTC, QCOM, SSNLF, TXN

24/7 Wall St. Closing Bell (ARMH, HOG, UPS, KMI, AAPL, FCFC, JASO, JEF, PATH, TIF, ORCL, KKD, RCON, NEWL, TRGT)

Paul Ausick — Tue, 20 Mar 2012 20:06:57 +0000

Markets opened lower this morning and nothing came along all day to move any of the three major indexes above the neutral line. The morning’s report on housing starts was no better than flat with the January number, although the number of new permits jumped suggesting that March might see some more building action (our coverage here). The US dollar index was stronger today, now up 0.16% at 79.596. With few exceptions, commodities fell on the dollar strength. Oil took a considerably hard knock today, primarily because Saudi Arabia promised to take care of any supply shortages (our story here). WTI crude oil closed down -2.3% at $105.61/barrel, and Brent crude trades down -1.09% at $124.34/barrel. Gold settled down -1.2% today, at $1,647.00/ounce.

The unofficial closing bells put the DJIA down nearly 69 points to 13,170.19 (-0.52%), the NASDAQ fell more than 4 points (-0.14%) to 3,074.15, and the S&P 500 fell -0.30% or more than 4 points to 1,405.52.

There were several analyst upgrades and downgrades today, including ARM Holdings plc (NASDAQ: ARMH) raised to ‘overweight’ at Barclays; Harley-Davidson Inc. (NYSE: HOG) raised to ‘outperform’ at BMO; United Parcel Service (NYSE: UPS) cut to ‘hold’ at Stifel Nicolaus; Kinder Morgan Inc. (NYSE: KMI) cut to ‘underperform’ at BofA/ML; and Apple Inc. (NASDAQ: AAPL) reiterated ‘buy’ and target prices raised to $740 and $700 at Sterne Agee and Credit Suisse, respectively (more coverage here).

Earnings reports since markets closed last Friday have led to some price changes as of the last half hour of trading today: First City Financial Corp. (NASDAQ: FCFC) is down -10.4% at $8.92; JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is up 4.4% at $1.90; Jefferies Group Inc. (NYSE: JEF) is up 1.9% at $19.43; NuPathe Inc. (NASDAQ: PATH) is down -13.3% at $3.90; and Tiffany & Co. (NYSE: TIF) is up 6.8% at $73.37 (our coverage here). After the markets close today, Oracle Corp. (NASDAQ: ORCL) and Krispy Kreme Doughnuts Inc. (NYSE: KKD) are scheduled to report earnings.

Other standouts from today include the following stocks:

Recon Technology Inc. (NASDAQ: RCON) is up nearly 82% at $4.09 after setting a new 52-week high of $4.58 earlier today. The Chinese oil field services company has cleared up its problems with Nasdaq and signed some new contracts for the first half of the year. More coverage here.

NewLead Holdings Ltd. (NASDAQ: NEWL) is up nearly 34% at $1.67. The shipping company cancelled a reverse stock split. More coverage here.

Targacept Inc. (NASDAQ: TRGT) is down about -30% at $5.17. The drug maker will not seek FDA approval for a new anti-depressant. More coverage here.

The US Commerce Department found the Chinese guilty of dumping solar panels in the US and has hit back with tariffs of 2.9% to 4.73% on solar panel imports. More coverage here.

Stay tuned for Wednesday. Federal Reserve Chairman Ben Bernanke is giving a speech. We have also noted the following events on the schedule (all times Eastern):

7:00 a.m. – Mortgage Banker’s Association purchase applications
10:00 a.m. – Existing home sales
10:30 a.m. – EIA weekly petroleum status report

Paul Ausick

Filed under: HI/LOW, Market Close, The Day Tagged: AAPL, ARMH, FCFC, HOG, JASO, JEF, KKD, KMI, NEWL, ORCL, PATH, RCON, TIF, TRGT, UPS

Top Analyst Upgrades & Downgrades (ADBE, ARG, APD, AAPL, ARMH, CA, DRIV, DPZ, GES, HOG, KMI, LGF, OVTI, UPS, UTX)

Administrator — Tue, 20 Mar 2012 12:01:24 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning.

Adobe Systems Inc. (NASDAQ: ADBE) Raised to Sector Perform at RBC.

Airgas Inc. (NYSE: ARG) Started as Overweight at Morgan Stanley.

Air Products and Chemicals, Inc (NYSE: APD) Started as Underweight at Morgan Stanley.

Apple Inc. (NASDAQ: AAPL) Reiterated at Buy and raised target to $740 at Stern Agee; Reiterated Buy and raised target to $700 at Credit Suisse.

ARM Holdings PLC (NASDAQ: ARMH) Raised to Overweight at Barclays.

CA Inc. (NASDAQ: CA) Cut to Sector Perform at RBC.

Digital River Inc. (NASDAQ: DRIV) Cut to Sector Perform at RBC.

Domino’s Pizza Inc. (NYSE: DPZ) Cut to Underperform at BofA/ML.

Guess? Inc. (NYSE: GES) named as Bear of the Day at Zacks.

Harley-Davidson, Inc. (NYSE: HOG) Raised to Outperform at BMO.

Kinder Morgan Inc. (NYSE: KMI) Cut to Underperform at BofA/ML.

Lions Gate Entertainment Corporation (NYSE: LGF) Started as Overweight at JPMorgan; Hunger Games looks larger than Twilight.

OmniVision Technologies, Inc. (NASDAQ: OVTI) Raised to Buy at Needham.

United Parcel Service (NYSE: UPS) Cut to Hold at Stifel Nicolaus.

United Technologies Corporation (NYSE: UTX) Reiterated near-term Hold and long-term Buy.

JON C. OGG

Filed under: 24/7 Wall St. Wire, Analyst Calls Tagged: AAPL, ADBE, APD, ARG, ARMH, CA, DPZ, DRIV, GES, HOG, KMI, LGF, OVTI, UPS, UTX

24/7 Wall St. Closing Bell (AAPL, ARMH, QCOM, ZNGA, HALO, CWTR, FTK, HOTT, KFY, AONE, ACHN, FSYS, JKS, NAV, NGSX, SFD, SMRT, STP, VRS, STLY, MWA, SSH, ZLTQ)

Paul Ausick — Thu, 08 Mar 2012 21:05:38 +0000

The three major US equities indexes opened higher this morning on the news from Europe that the Greek debt swap deal would be a success. That prediction turned out to be solid, as about 80% of Greek bondholders agreed to the swap, taking pressure of the Greeks at least for the time being. The US new jobless claims number came in a bit higher than expected this morning, but traders hardly noticed. Tomorrow’s non-farm payrolls report is the one everyone’s waiting for, with a consensus estimate of 210,000 new jobs. The dollar opened weaker today, and has continued to trickle down with the dollar index down -0.74% at 79.123. Crude oil was higher today, with WTI crude settling up 0.4% at $106.58/barrel and Brent crude up 1.17% at $125.57/barrel. Gold settled higher by 0.9% at $1,698.70/ounce.

The unofficial closing bells put the DJIA up more than 70 points to 12,907.87 (0.55%), the NASDAQ rose more than 34 points (1.18%) to 2,970.42, and the S&P 500 rose 0.98% or more than 13 points to 1,365.91.

There were several analyst upgrades and downgrades today, including Apple Inc. (NASDAQ: AAPL) reiterated as ‘buy’ with target price raised from $600 to $660 at Goldman Sachs; ARM Holdings PLC (NASDAQ: ARMH) raised to ‘overweight’ at Morgan Stanley; Qualcomm Inc. (NASDAQ: QCOM) reiterated as ‘buy’ with a $72 target price at Argus; Zynga Inc. (NASDAQ: ZNGA) started as ‘hold’ at Canaccord Genuity; and Halozyme Therapeutics Inc. (NASDAQ: HALO) started as ‘overweight’ at Barclays.

Earnings reports since markets closed last night have led to some price changes as of the last half hour of trading today: Coldwater Creek Inc. (NASDAQ: CWTR) is up 0.9% at $1.02; Flotek Industries Inc. (NYSE: FTK) is up 9.7% at $12.11; Hot Topic Inc. (NASDAQ: HOTT) is up 13.4% at $9.97 after posting a new 52-week high of $10.11; Korn/Ferry International (NYSE: KFY) is up 0.3% at $15.33; A123 Systems Inc. (NASDAQ: AONE) is down -2.5% at $1.56; Achillion Pharmaceuticals Inc. (NASDAQ: ACHN) is up 5.2% at $10.76; Fuel Systems Solutions Inc. (NASDAQ: FSYS) is down -2.2% at $25.74; JinkoSolar Holding Co. Ltd. (NYSE: JKS) is down -6.9% at $5.54 (more coverage here); Navistar International Corp. (NYSE: NAV) is down -2% at $39.25 (more coverage here); NeurogesX Inc. (NASDAQ: NGSX) is down -20% at $0.53 (more coverage here); Smithfield Foods Inc. (NYSE: SFD) is down -2.2% at $22.31 (more coverage here); Stein Mart Inc. (NASDAQ: SMRT) is down -8.6% at $6.38 (more coverage here); and Suntech Power Holdings Co. Ltd. (NYSE: STP) is down -1.4% at $2.89.

Other standouts from today include the following stocks:

Verso Paper Corp. (NYSE: VRS) is up 77% at $2.16. The paper maker will issue new debt of $345 in senior secured notes and has issued a tender offer for $315 million in 11.5% senior unsecured notes outstanding.

Stanley Furniture Co. Inc. (NASDAQ: STLY) is up about 20% at $4.29. The wood furniture maker has announced that it expects to receive a payment of about $40 million as a result of an anti-dumping ruling against Chinese furniture makers.

Mueller Water Products (NYSE: MWA) is up more than 21% at $3.46. The maker of water transmission, distribution, and measurement products is selling its pipe and foundry business for about $100 million in cash and other considerations. More coverage here.

Sunshine Heart Inc. (NASDAQ: SSH) is down more than -8% at $11.00. The medical device maker came public on February 16th, and is nearing the dreaded busted IPO line.

Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) is down more than -13% at $5.65 after posting a new 52-week low of $5.60 earlier. The medical technology company posted a dismal fourth-quarter earnings report earlier this week and has just set its second record-low of the week as well.

Stay tuned for Friday. We have noted the following events on the schedule (all times Eastern):

8:30 a.m. – Non-farm employment report
8:30 a.m. – International trade report
10.00 a.m. – Wholesale trade report

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: AAPL, ACHN, AONE, ARMH, CWTR, FSYS, FTK, HALO, HOTT, JKS, KFY, MWA, NAV, NGSX, QCOM, SFD, SMRT, SSH, STLY, STP, VRS, ZLTQ, ZNGA