inTEST Corp. (NASDAQ: INTT) is getting smoked after earnings; shares are down 25.8% at $2.47 on thin volume versus a 52-week range of $0.60 to $4.65.

MercadoLibre Inc. (NASDAQ: MELI) is down after the auction and commerce site in Latin American showed revenue of $56 million, short of $62 million consensus; shares are down 4.2% at $61.95 and the 52-week range is $35.50 to $76.81.

Monolithic Power Systems Inc. (NASDAQ: MPWR) is not so monolithic after weak earnings; shares are down 11.7% at $14.88.

Potash Corp. of Saskatchewan (NYSE: POT) is unsurprisingly lower now that Canada blocked the BHP Billiton plc (NYSE: BHP) acquisition of the company.  Potash Corp. shares are down 4.5% at $138.90, its lowest levels in some time since the merger came up; BHP shares are up 4.5% at $89.94 to new 52-week highs.

QUALCOMM Incorporated (NASDAQ: QCOM) beat earnings last night and raised its 2011 guidance based on strong smartphone demand.  Shares are up 7.7% at $49.21 on more than 1 million pre-market shares.

True Religion Apparel Inc. (NASDAQ: TRLG) showed that expensive jeans aren’t immune to the world… it lowered guidance for the full year to $1.78 or lower versus $1.88 EPS consensus.  Shares are down 9.1% at $18.30.

Uranium Resources, Inc. (NASDAQ: URRE) is soaring after entering a letter of intent for exploration with Cameco to explore Texas properties.  Shares are up 13.5% at $1.94.

Whole Foods Market, Inc. (NASDAQ: WFMI) is continuing to make gains after effectively doubling earnings and raising guidance.  Shares are up almost 9% at $44.66, a new 52-week high after the prior range is $24.94 to $43.18.

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

Apple Inc. (NASDAQ: AAPL) Started as Outperform with $410 at Baird (expanded details).
Boston Scientific Corporation (NYSE: BSX) Started as Buy at Collins Stewart.
Capella Education Co. (NASDAQ: CPLA) Cut to Neutral at Baird.
Corinthian Colleges Inc. (NASDAQ: COCO) Cut to Sell at UBS.
Grand Canyon Education, Inc. (NASDAQ: LOPE) Cut to Neutral at Baird.
Logitech International (NASDAQ: LOGI) Cut to Sell at Citigroup.
Medtronic, Inc. (NYSE: MDT) Started as Neutral at Collins Stewart.
Monolithic Power Systems Inc. (NASDAQ: MPWR) Cut to Neutral at Gleacher & Company.
Portugal Telecom SGPS SA (NYSE: PT) Cut to Hold at Deutsche Bank.
PulteGroup, Inc. (NYSE: PHM) Raised to Neutral at Credit Suisse.
Statoil ASA (NYSE: STO) Cut to Hold at Societe Generale.
Syniverse Holdings Inc. (NYSE: SVR) Cut to Hold at Jefferies.

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

Concur Technologies, Inc. (NASDAQ: CNQR) was called "Strong Execution and Compelling Product Cycle for T&E Leader"

• value proposition resonates well in a tougher macro environment….Although some analysts may need to trim FY09 estimates, we anticipatesubscription revenue will expand more than 20% Y/Y and we are confidentConcur will generate more than $1.00 in FCF in FY09.

Mercadolibre, Inc. (NASDAQ: MELI) is AmTech’s "Broad Play on Latin American eCommerce with High Profit Growth"

• one of the best open-ended long-term growth stories in all of tech…employment and internal demand appear to remain very strong despiteslowing economic growth throughout the developed world.

McAfee, Inc. (NYSE: MFE) is its data play as "Improving Execution, Share Gains and Ratable Model in Resilient Security Space"

• has among the best fundamentals in large-cap software, posting 26%revenue growth and 25% earnings growth in Q2 on a combination of aresilient security sector, improving sales execution following lastyear’s overhaul and a strong recurring revenue model… The stock isdown more than 30% since early September and at its lowest FPE since2000 (investors who bought it there saw a 5x gain over the next year)and now trades at 12x our CY09 EPS, despite an outlook for mid- tohigh-teens earnings growth, leading us to believe this is an excellentopportunity to build positions.

Monolithic Power Systems Inc. (NASDAQ: MPWR) is its "Best Small-Cap Semi Share Gainer"

• continues to have the best fundamentals in small-cap semiconductorsdespite steep price declines… investors are waiting for confidence toreturn to overall earnings estimates in the sector before returning.

QUALCOMM Inc. (NASDAQ: QCOM) is AmTech’s "Clean Play on 3G Wireless with to 4G Royalties"

• we still see growth potential in 2009 relative to flat overall industryunits…. well-positioned to capitalize on the transition to 3G andsecular growth in wireless data services.

Research In Motion Ltd. (NASDAQ: RIMM) is its "Leading the Biggest Growth Opportunity in Large-Cap Tech"

• enjoys some of the best fundamentals in the tech sector. Wireless dataadoption is still early and at a tipping point. Enterprise applicationsare expanding beyond email and consumer adoption is just beginning….Value investors can look at RIMM for the first time since NTP.  Growthinvestors can again consider RIMM with potential for multiple-bagreturn.

VeriSign Inc. (NASDAQ: VRSN) is its web pick as "Core Businesses Among the Least Sensitive to the Macro Economy"

• contracted monopoly on .com and .net registrations through 2012 (with ahigh likelihood of renewal) and75-80% share in the market for SSLcertificates, VRSN’s core businesses are very healthy and wellpositioned…. we believe the core businesses of VRSN are among theleast sensitive to the macro economy in the tech sector.

Again, the comments provided here are excerpts from AmTech’s in-depth research call. You can also see the summaries in ALTERNATIVE ENERGY and in INFRASTRUCTURE & DEFENSE.

Jon C. Ogg
October 13, 2008

• Buffalo Wild Wings (BWLD) started as Underweight at J.P.Morgan.
• Cummins (CMI) & Terex (TEX) both started as Buy at Banc of America.
• Hertz (HTZ) started as Buy at UBS.
• LDK Solar (LDK) downgraded to Sell from Neutral at Piper Jaffray.
• MasterCard (MA) raised to Outperform at Bear Stearns.
• Monolithic Power (MPWR) started as Buy at Piper Jaffray.
• Moster Worldwide (MNST) started as Outperform at Bear Stearns.
• Synchronoss Technologies (SNCR) raised to Buy from Neutral at Goldman Sachs.
• Ultimate Software (ULTI) started as Buy at Banc of America.
• Wynn Resorts (WYNN) raised to Neutral from Sell at UBS; Susquehanna started as ‘Positive’.

Jon C. Ogg
December 20, 2007