Altria Group, Inc. (NYSE: MO) is a defensive stock that is supposed to hold up well, so investors are rolling into “risk” when the DJIA is up so much.  Shares were down 0.6% at $24.39 this morning.

AOL Inc. (NYSE: AOL) has already bounced almost 10% from its lows this morning but shares are down 11.5% at $13.33 after hitting a 52-week low of $12.11 this morning.  The smaller net loss and ad revenue growth appear to have missed targets, which seems odd considering how much the stock has sold off from its 52-week high of $27.65.  At some point, that news should be priced in.

Cablevision Systems Corporation    (NYSE: CVC) turned in growth on phone and internet additions, but the earnings missed estimates.  The drop was another 9.5% to $17.67 and the stock hit a 52-week low of $17.24 earlier this morning.  That is now down more than 50% from its 52-week high as well.

DTS, Inc. (NASDAQ: DTSI) is supposed to provide state-of-the-art audio technology to hundreds of millions of DTS-licensed consumer electronics products worldwide, but its earnings miss shows it isn’t powering enough of the devices with a lower 2011 guidance.  DTS shares are down over 21% at $23.17 and the stock hit a 52-week low of $20.93 this morning.

EnerNOC, Inc. (NASDAQ: ENOC) is supposed to help companies cut their energy use and cut their energy bills but it is not doing enough of it.  Besides being unable to use a tax benefit, its growth has peaked as its $280 million to $300 million sales projection for 2011 is the sae for 2012.  Many Wall Street analysts downgraded the stock on a huge disappointment.  Shares are down almost 36% at $9.20 after a 52-week low was hit of $9.13 and the high was $34.38.

Fossil, Inc. (NASDAQ: FOSL) was supposed to be a jewelry winner as it is not deep into gold and silver exposure.  It turns out not to be the case in many of its brands and margins took a beating on higher input costs and on a weak outlook ahead.  Fossil shares were down 18.8% at $76.19.  Keep in mind that its 52-week trading range is $42.08 to $134.98.

Getty Realty Corporation (NYSE: GTY) gave an update on its Getty Petroleum Marketing operations: it has not received the monthly rental payment for August from its largest tenant under its Master Lease and other leases.  Shares are down 13.5% at $17.26 and shares hit a 52-week low of $16.60 versus a high of $32.20.

Limelight Networks, Inc. (NASDAQ: LLNW) is getting crushed after missing earnings and missing on revenues and then guiding lower for the third quarter.  Shares are down over 30% at $2.27 and the stock hit a low of $2.229 this morning. Just one more bit of proof that communications equipment and expedited content delivery slowing is persisting.

MGM Resorts International (NYSE: MGM) posted a gain after MGM China but the peak appears to have been called on gains.  MGM shares are down 4.5% at $11.02 versus a 52-week range of $8.92 to $16.94.

Stereotaxis, Inc. (NASDAQ: STXS) is the sole $1+ stock covered today because it is THE LOSER OF THE DAY with a 59% drop to $1.16 with a new 52-week low and an adjusted 52-week trading range now of $1.13 to $4.67.  The company markets cardiology instrument control systems, but apparently doesn’t market them very well.  Volume is 5-times normal at over 300,000 shares and the stock.  The company reported a wider loss, announced cost cuts, and its CFO is leaving the company.  Nice.

JON C. OGG

Altera Corporation (NASDAQ: ALTR) Raised to Outperform as Bull of the Day at Zacks.
Arcelor Mittal (NYSE: MT) Raised to Buy at BofA/ML.
Archer Daniels Midland Inc. (NYSE: ADM) maintained Outperform but cut target to $35 at Credit Suisse.
Ariba Inc. (NASDAQ: ARBA) Started as Overweight at Barclays.
Boston Scientific Corporation (NYSE: BSX) Reiterated Hold but cut estimates at Argus.
CEMEX, S.A.B. de C.V. (NYSE: CX) Cut to Underperform at Credit Suisse.
Cisco Systems Inc. (NASDAQ: CSCO) Reiterated Buy with $24 target at Argus.
Fossil, Inc. (NASDAQ: FOSL) Raised to Overweight at JPMorgan.
Government Properties Income Trust (NYSE: GOV) Cut to Underperform at Wells Fargo.
Honeywell International Inc. (NYSE: HON) Reiterated Buy at BofA/ML.
KLA-Tencor Corporation (NASDAQ: KLAC) Raised to Hold at Citigroup.
Lam Research Corporation (NASDAQ: LRCX) Raised to Buy at Citigroup.
Macy’s, Inc. (NYSE: M) Reiterated Buy as Value at Zacks.
PetMed Express, Inc. (NASDAQ: PETS) Maintained Underperform as Bear of the Day at Zacks.
Teekay Tankers Limited (NYSE: TNK) Cut to Neutral at BofA/ML.
The TJX Companies, Inc. (NYSE: TJX) Raised to Overweight at Barclays.
Whole Foods Market, Inc. (NASDAQ: WFM) Raised to Buy at Goldman Sachs.

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JON C. OGG

Aetna Inc. (NYSE: AET) Reiterated Buy and raised target to $51 at Argus.
American International Group Inc. (NYSE: AIG) Reinstated as Neutral with $32 target at Credit Suisse.
Abraxas Petroleum Corp. (NASDAQ: AXAS) Maintained Buy with $6 target at Canaccord Genuity.
Applied Materials Inc. (NASDAQ: AMAT) Maintained Buy but cut price target to $19 at Argus.
Forest Oil Corporation (NYSE: FST) Cut to Underperform at BofA/ML.
Fossil, Inc. (NASDAQ: FOSL) Cut to Hold at S&P Equity Research (late-Wednesday).
International Business Machines Corp. (NYSE: IBM) Cut to Market Perform at Wells Fargo.
Kadant Inc. (NYSE: KAI) Maintained Buy as Value at Zacks.
KLA-Tencor Corporation (NASDAQ: KLAC) Raised to Buy at UBS.
Netflix, Inc. (NASDAQ: NFLX) Reiterated Buy and raised target to $325 at BofA/ML.
Noble Corporation (NYSE: NE) Cut estimates and Target at Canaccord Genuity; Reiterated Buy at Argus.
Noranda Aluminum Holding Corp. (NYSE: NOR) Cut to Underperform at BofA/ML.
OpenTable, Inc. (NASDAQ: OPEN) Reiterated Buy with $115 target at Canaccord Genuity.
Raven Industries (NASDAQ: RAVN) Reiterated Outperform as Bull of the Day at Zacks.
Seagate Technology PLC (NASDAQ: STX) Raised to Overweight at JPMorgan.
Starbucks Corporation (NASDAQ: SBUX) Cut to Neutral at Goldman Sachs.
Tellabs, Inc. (NASDAQ: TLAB) Cut to Underperform as Bear of the Day at Zacks.
Western Digital Corporation (NYSE: WDC) Raised to Overweight at JPMorgan.
Yum! Brands, Inc. (NYSE: YUM) Cut to Sell at Goldman Sachs.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

AgFeed Industries, Inc. (NASDAQ: FEED) is down 10% this morning after its earnings showed “an extremely difficult operating environment as a result of a series of severe floods throughout its area of operations.”  Shares are down 10.8% at $2.46 on over 65,000 shares.

Ambac Financial Group, Inc. (NYSE: ABK) is getting crushed after earnings because it disclosed that it is working on a bankruptcy filing as a contingency.  Shares are down 23% at $0.69 on over 1.5 million shares.

Capital Product Partners L.P. (NASDAQ: CPLP) is trading lower on a secondary offering as it plans to offer 5.5 million units to acquire MR Tanker M/T Assos for $43.5 million in proceeds.  Shares are down 7% at $8.48 on about 25,000 units.

Fossil, Inc. (NASDAQ: FOSL) is rising on stronger than expected second quarter earnings and a raised 2010 outlook.  Shares are up 7.5% at $45.65 on almost 40,000 shares.

Grand Canyon Education, Inc. (NASDAQ: LOPE) beat earnings estimates, but its guidance was short of estimates.  Can that be a shock considering the attack on for-profi education?  Apparently it is an excuse to sell the stock all over again.  Shares are down over 8% at $18.50 on thin volume.  The 52-week trading range is $15.87 to $28.46.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is getting roasted in the sun a bit after posting a profit and raising its sales views.  Shares are down 3.3% at $6.35 on about 200,000 shares.  The 52-week range is $3.22 to $6.95.

MBIA Inc. (NYSE: MBI) is trading up after it reported a profit in the quarter.  Shares were up over 7% at $9.90 on over 400,000 shares.

Netflix, Inc. (NASDAQ: NFLX) is trading lower after signing a deal with EPIX where Netflix members can “instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix.”  Shares are down 1.8% at $114.80 on over 30,000 shares.

Nuance Communications, Inc. (NASDAQ: NUAN) had soft earnings and guided in-line for the quarter ahead.  It is an earnings nuance… Shares of the speech recognition software leader are down 9.4% at $15.74 on over 200,000 shares.

Penwest Pharmaceuticals Co. (NASDAQ: PPCO) is trading up only marginally after its Endo Pharmaceuticals buyout news.  Shares are up almost 5% at $4.96 on the deal that gives the company almost no premium.  The 52-week trading range was $1.80 to $4.89.

Qiagen NV (NASDAQ: QGEN) beat earnings but said it is eyeing large acquisitions.  The ADRs are down 3.7% at $18.82 on 139,000 shares and the 52-week trading range is $18.06 to $24.00.

QuinStreet, Inc. (NASDAQ: QNST) is a recent IPO and it is surging after earnings.  Shares are up 14.5% at $11.46 on only about 5,000 shares.  Its post-IPO trading range is $9.91 to $18.25.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Allied Irish Banks plc (NYSE: AIB) is down this morning after solid gains yesterday.  Today’s drop is nothing more than “related ongoing concerns over the bailout package after the short-term” and that has shares giving back.  AIB is down 7.2% at $3.34.

Ambac Financial Group, Inc. (NYSE: ABK) is trading lower in sympathy with MBIA; shares are down 4.67% at $1.43.

Cirrus Logic, Inc. (NASDAQ: CRUS) is trading higher this morning after a Cramer reference last night on MAD MONEY on CNBC as an Apple iPad and iPhone winner.  Shares are up 6.7% at $12.79 on almost 100,000 shares.

Fossil, Inc. (NASDAQ: FOSL) is trading up after it beat earnings with $0.53 EPS vs. $0.32 from Thomson Reuters consensus estimates.  It raised Q2 guidance to $0.32 to $0.34 EPS vs. $0.29 estimates and raised 2010 guidance.  Shares are up 5.6% at $37.86.

ING Group, N.V. (NYSE: ING) is down with ADRs from the E.U. as the bailout has “related ongoing concerns over the bailout package after the short-term”… Shares are down 6.5% at $8.26 on over 40,000 shares.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is trading up after it reported $0.24 EPS per ADS on revenue of $279.2M, above the $0.18 and $265 million estimates from Thomson Reuters. The company also raised guidance for 2010 with shipments to exceed 1GW rather than 900MW previously offered.  Shares are up 5% at $6.75 on over 200,000 shares.

MBIA Inc. (NYSE: MBI) is trading lower this morning after posting a $1.48 billion loss of -$7.22 EPS after a $2.2 billion pre-tax unrealized loss on insured credit derivatives.  Revenue was down 13% to $1.77 billion.  Shares are trading down 13.4% at $8.08 versus a 52-week range of $3.19 to $10.92.

National Bank of Greece SA (NYSE: NBG) is down again, like most days.  After E.U. ADRs and markets sold off the bank was one of the major drops seen.  Shares are down over 5% at $2.91 after a $3.07 close yesterday.

Priceline.com Incorporated (NASDAQ: PCLN) is down over 10% after earnings last night.  The company beat earnings expectations.  Its guidance for Q2 failed to impress due to Iceland’s volcano woes and unrest in Thailand.  Shares are down 11.5% at $220.95 on thin pre-market trading volume.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Sponsor: 26 Cheap Stocks to Sell – Cheap stocks have been on a tear recently, but nine out of ten stocks are circling the drain!

tw telecom inc. (NASDAQ: TWTC) rose as high as 10% today as it reached a yearly high of $15.24.   The internet and telephone service provider was upgrade by JPMorgan Chase & Co. to “overweight” from “neutral”. 

Fossil Inc (NASDAQ: FOSL) rose as high as 11.5% to a high of $32.07 toda as the fashion accessory designer and distributor raised their earnings estimates.  

Garrett W. McIntyre

• Animal Health (AHII) Cut to Neutral at Piper Jaffray.
• Blue Nile (NILE) Cut to Underweight at JPMorgan.
• Fossil (FOSL) Cut to Underweight at JPMorgan.
• Health Net (HNT) Cut to Hold at Deutsche Bank.
• HSN (HSNI) Started as Underweight at JPMorgan.
• IPCS (IPCS) Cut to Hold at Jefferies.
• Louisiana-Pacific (LPX) Cut to Neutral at Banc of America.
• Microchip Technology (MCHP) Cut to Sell at Goldman Sachs.
• Palm (PALM) Cut to Market Perform at Morgan Keegan.
• Penwest Pharmaceuticals (PPCO) Cut to Neutral at Baird.
• Raymond James Financial (RJF) Cut to Underperform at Wachovia.
• Southern Copper (PCU) Cut to Sell at Deutsche Bank.

Jon C. Ogg
November 5, 2008

Cogent Communication (NASDAQ: CCOI) completed its prior plan and added another $50 million to its buyback machine.  The market cap is about $682 million.

Fossil Inc. (NASDAQ: FOSL) announced that it would repurchase some 2 million shares, or roughly 3% of its shares outstanding.

Hartford Financial Services (NYSE: HIG) added $1 Billion to its prior plan, and its market cap is nearly $23 Billion.

Kaiser Aluminum Corp. (NASDAQ: KALU) is one of the old ones that would be easy to overlook or forget about.  But the company raised its dividend and announced a $75 million share repurchase program.  This is only about 1.1 to 1.2 million shares, but when you compare it to the $1.3 Billion market cap and the 390,000 share average daily volume it large on a percentage basis. 

Overseas Shipholding (NYSE: OSG) replaced its prior buyback plan with a $250 million stock buyback announcement, and it raised its dividend too.  This represents more than 3 million shares at current prices and compares to about a $2.4 Billion market cap.

The big kahuna buyback came from United Rentals, Inc. (NYSE: URI) announced it was doing a swap and buyback of some 27.16 million shares.  This represents close to 31% of its entire outstanding share count.

United Technologies (NYSE: UTX) was perhaps the largest buyback from the largest company this week.  The company announced it would buy back up to 60 million shares as a replacement to its prior plan.  Based on a near-$70 price, this implies a sum of up to $4.2 Billion if prices remained static.  This has roughly 973 million shares outstanding.

Jon C. Ogg
June 13, 2008