We have compiled previews using Thomson Reuters consensus data and have added color on each if applicable.
 
Annaly Capital Management Inc. (NYSE: NLY) is going to be closely watched by the dividend investors because of that 13% implied dividend yield.  The mortgage REIT is expected to report $0.56 per share.

Bp Plc (NYSE: BP) has recovered handily from the 2010 Deepwater Horizon disaster.  This is an ADR so its earnings will be converted from U.K. Pounds… The estimate is $1.57 per share and the stock is up well over 50% from when its shares sold off so much in 2010.  Keep in mind that this was a $60 stock before the Gulf of Mexico disaster.

Buffalo Wild Wings Inc. (NASDAQ: BWLD) is not so hot after the Super Bowl and we are six weeks from the next mega-event in sports.  Estimates are $0.67 EPS and $210.25 million.  This one remains expensive at almost 22-times full 2012 earnings expectations and it is only about $2.00 shy of a 52-week and all-time high.

Cerner Corporation (NASDAQ: CERN) is expected to report $0.53 EPS and $586.86 million in sales.  At $63.20, the 52-week trading range for the healthcare information technology and support company is $53.93 to $74.39.

Church & Dwight Co. (NYSE: CHD) is expected to report $0.51 EPS and $694.32 million.  At $45.50, the 52-week range is $33.83 to $47.00.  This consumer products company remains at a large valuation premium to its larger consumer products rivals and it also has a much lower dividend yield.

Apple Inc. (NASDAQ: AAPL) hit a new high this morning ahead of next week’s earnings.  The new value is almost at $400 billion.  The new high is $428.50 for now and the consensus price target from Thomson Reuters is now above $509.00.

Dollar Tree, Inc. (NASDAQ: DLTR) is continuing with the trade-down economy and the secular growth of the dollar store (actually sub-$10) stores.  The new high is $85.58 and the consensus price target is $86.27 from Thomson Reuters.  Dollar Tree is now worth more than $10 billion in market capitalization.

Ecolab Inc. (NYSE: ECL) is worth almost $14 billion now, and the new high today of $60.45 compares to a Thomson Reuters consensus price target of $61.56.

Read Also: Top 2012 Stock Picks From Major Gurus

McDonald’s Corporation (NYSE: MCD) gave solid same-store sales forecast and recently juiced up its dividend.  The new high is $101.87 and the market cap is nearing $104 billion.

Monster Beverage Corporation (NASDAQ: MNST) recently announced a stock split and shares hit a new high this morning but have promptly backed off by close to 2%.  The new high is $101.67 and the consensus analyst target is close to $105.00.  It is hard to imagine, but Monster now has a market value of almost $8.7 billion.

Nike Inc. (NYSE: NKE) keeps doing it.  A new high of $100.75 was put in today after a prior 52-week high of $99.44.  Its market value now eclipses $46 billion.

Panera Bread Company (NASDAQ: PNRA) is up at stratosphere levels now for its healthier sandwich and destination approach.  The new high is $151.93 and the consensus price target from Thomson Reuters is $146.68.  Its market cap is now almost $4.5 billion.

Read Also: DJIA Projected 12% Gains to 13,678 in 2012

Starbucks Corporation (NASDAQ: SBUX) has proven us very wrong on how high the valuation can go back up to.  The new high is $48.15 and the consensus price target from Thomson Reuters is just under $48.00 and the market cap is now more than $35 billion.

Advance Auto Parts Inc. (NYSE: AAP) worth over $5 billion, AutoZone, Inc. (NYSE: AZO) worth over $13 billion, and O’Reilly Automotive, Inc. (NASDAQ: ORLY) worth over $10 billion… These all hit record high prices in their stocks on Wednesday. With a record age car fleet in America of more than 10 years, car parts stores and suppliers sure are going to have a lot of car owners to sell parts to that are long past the warranty and insurance coverage.

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JON C. OGG

The unofficial closing bells put the DJIA up about 60 points to 12,482.22 (0.48%), the NASDAQ rose more than 17 points (0.64%) to 2,728.08, and the S&P 500 rose 0.35% or nearly 5 points to 1,293.66.

There were several analyst upgrades and downgrades today, including FedEx Corp. (NYSE: FDX) cut to ‘hold’ at Jefferies; BHP Billiton Ltd. (NYSE: BHP) started as ‘buy’ at Goldman Sachs; Intel Corp. (NASDAQ: INTC) cut to ‘neutral’ at JPMorgan; Tesla Motors Inc. (NASDAQ: TSLA) raised to ‘buy’ at Wunderlich; and Panera Bread Co. (NASDAQ: PNRA) raised to ‘overweight’ at Morgan Stanley.

Earnings reports since markets closed last Friday have led to some price changes as of the last half hour of trading today: McMoRan Exploration Co. (NYSE: MMR) is up 4.55% at $13.32; TD Ameritrade Holding Corp. (NASDAQ: AMTD) is down -1.72% at $16.02; Wells Fargo & Co. (NYSE: WFC) is up 0.67% at $29.81; Citigroup Inc. (NYSE: C) is down nearly -8% at $28.29; and Check Point Software Technologies Ltd. (NASDAQ: CHKP) is up nearly 8% at $54.93.

Other standouts from today include the following stocks:

Ku6 Media Co., Ltd. (NASDAQ: KUTV) is up nearly 154% at $3.50. The Chinese online video company has signed an agreement with Google Inc. (NASDAQ: GOOG) to offer international viewers a Chinese video channel on YouTube.

Convio Inc. (NASDAQ: CNVO) is up nearly 48% at $15.89, after setting a new 52-week high earlier. The provider of software to non-profit organizations has agreed to be acquired by Blackbaud Inc. (NASDAQ: BLKB) for $16/share, or about $312 million.

Venoco Inc. (NYSE: VQ) is up nearly 31% at $10.05. The independent oil and gas company is being taken private by its CEO. We have more coverage here.

R.R. Donnelly & Sons Co. (NYSE: RRD) is down nearly -16% at $12.12 after posting a new 52-week low of $12.08 earlier. The business services company said revenues for 2011 are going to be lower than expected.

Carnival Corp. (NYSE: CCL) is down nearly -14% at $29.57. The cruise ship operator is sinking following the disaster off the Italian coast that has left 11 dead and 29 missing. We have more coverage here.

Stay tuned for Wednesday. Federal Reserve Bank governor Daniel Tarullo is giving a speech. We have the following events on the schedule (all times Eastern):

• 7:00 a.m. – Mortgage Bankers Association mortgage applications
• 8:30 a.m. – Producer price index
• 9:15 a.m. – Federal Reserve report on industrial production
• 10:00 a.m. – Housing market index

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Beazer Homes USA, Inc. (NYSE: BZH) Cut to Underperform at Credit Suisse.
BHP Billiton Limited (NYSE: BHP) Started as Buy at Goldman Sachs.
Carnival Corporation (NYSE: CCL) Cut to Neutral at JPMorgan.
FedEx Corporation (NYSE: FDX) Cut to Hold at Jefferies.
General Growth Properties (NYSE: GGP) Raised to Buy at Stifel Nicolaus.
Intel Corporation (NASDAQ: INTC) Cut to Neutral at JPMorgan.
Linear Technology Corporation (NASDAQ: LLTC) Cut to Underweight at JPMorgan.
Logitech International SA (NASDAQ: LOGI) Cut to Underweight at JPMorgan.
Meritage Homes Corporation (NYSE: MTH) Cut to Underperform at Credit Suisse.
Panera Bread Co. (NASDAQ: PNRA) Raised to Overweight at Morgan Stanley.
Potash Corp. of Saskatchewan (NYSE: POT) Raised to Sector Outperform at CIBC.
Ryland Group Inc. (NYSE: RYL) Cut to Underperform at Credit Suisse.
Steel Dynamics Inc. (NASDAQ: STLD) Started as Buy at Deutsche Bank.
Stifel Financial Corporation (NYSE: SF) Raised to Buy with $37 target at Goldman Sachs.
Tesla Motors, Inc. (NASDAQ: TSLA) Raised to Buy at Wunderlich.
U.S. Bancorp (NYSE: USB) Cut to Neutral at Citigroup.
Wynn Resorts Ltd. (NASDAQ: WYNN) Raised to Positive at Susquehanna.

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JON C. OGG

Amazon.com, Inc. (NASDAQ: AMZN) Reiterated Outperform and raised target to $220 at Oppenheimer; Reiterated Buy with $198 target at BofA/ML; Maintained Buy with $220 target at Canaccord Genuity.
American Capital, Ltd. (NASDAQ: ACAS) Raised to Outperform at Wells Fargo.
Apollo Investment Corporation (NASDAQ: AINV) Cut to Market Perform at Wells Fargo.
Arch Coal Inc. (NYSE: ACI) Cut to Sell at S&P Equity Research (late-Tuesday call).
BioMarin Pharmaceutical (NASDAQ: BMRN) Cut to Neutral as Bear of the Day at Zacks.
Capital One Financial Corp. (NYSE: COF) Maintained Buy but raised target to $65 at BofA/ML.
Cisco Systems, Inc. (NASDAQ: CSCO) Maintained Neutral but cut target to $22 at BofA/ML.
Emerson Electric Co. (NYSE: EMR) Raised to Outperform at Oppenheimer.
First Solar, Inc. (NASDAQ: FSLR) Raised to Buy at Kaufman Bros.
IAC/InterActiveCorp. (NASDAQ: IACI) Raised to Buy at Citigroup; Raised target to $39 at BofA/ML.
International Business Machines Corp. (NYSE: IBM) Reiterated Buy and Raised target to $190 at Argus.
Joy Global, Inc. (NASDAQ: JOYG) Maintained Outperform as Bull of the Day at Zacks.
Lexmark International Inc. (NYSE: LXK) Cut to Hold at Citigroup.
Panera Bread Company (NASDAQ: PNRA) Maintained Neutral but raised target to $135 at BofA/ML
Stillwater Mining Company (NYSE: SWC) Reiterated Outperform and $28 target at Credit Suisse.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) Raised to Conviction Buy List at Goldman Sachs.
Wynn Resorts Ltd. (NASDAQ: WYNN) Maintained Buy at Zacks.

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JON C. OGG

Expedia, Inc. (NASDAQ: EXPE) is down 13% premarket on heavy volume to #22.30, relative to a 52-week range of $18.30-$29.85. The company, which has been in conflict with several major airlines regarding ticket rights, reported dissapointing 4Q results.

MannKind Corporation (NASDAQ: MNKD) is down 11% on moderate volume to $4.50, relative to a 52-week range of $4.60-$10.73. The company recently cut more than a third of its workforce in a bid to streamline operations.

Panera Bread Company (NASDAQ: PNRA) is up more than 8% premarket on moderate volume to $107.80, slightly above a 52-week range of $70.86-$106.87. Piper Jaffray recently raised the price target on the bakery chain to $125.

Blue Nile Inc. (NASDAQ: NILE) closed up over 5% today at $63.66.  The online jewelry seller reported quarterly sales rose 11.5% to $114.8 million and earnings rose 17% to $0.41 EPS.

Expedia Inc. (NASDAQ: EXPE) closed up 1% at $25.69 but a smaller profit than expected and profit margins narrowing took a bite out of the company.  Shares are down currently in the after-hours by 6.6% at $24.00 versus a 52-week range of $18.30 to $29.85.

Hoku Corporation (NASDAQ: HOKU) closed up 1.5% at $2.58 today against a 52-week range of $2.09 to $3.78, but the company gave an update to its expected capital costs for a new plant before production can begin.  Shares are down 11.2% at $2.29 in the after-hours.

Orthovita Inc. (NASDAQ: VITA) was up 3% to $2.20 today but shares are really up higher in the after-hours.  The company received FDA approval for its Vitoss ‘bimodal bone graft substitute.’  Shares are now up 17% at $2.58 in the after hours against a 52-week trading range of $1.60 to $4.68.  For the coming quarter, sales are expected to be $76 to $78.5 million and earnings are expected to be $0.14 to $0.16 EPS.  Thomson Reuters had estimates ahead at $0.20 EPS on $79.69 million in revenues.  Shares are trading down 12% at $55.99 in the after-hours against a 52-week range of $40.70 to $64.45.

Panera Bread Co. (NASDAQ: PNRA) rose over 1% to $99.71 today and shares are breaking above the $100 mark after reports that Fiscal-2010′s $3.62 EPS was up 30% on 7.9% growth in system-wide comparable net bakery-cafe sales.  Shares are up 9% at $108.75 versus a prior 52-week trading range of $70.86 to $106.87.

JON C. OGG

Adobe Systems Incorporated (NASDAQ: ADBE) is so far not moving much but it may be very active today at at its annual analyst meeting.  the company is targeting 10% revenue growth in fiscal year 2011 and gave an intra-quarter business update within the range of its prior guidance: revenue of $950 million to $1 billion, non-GAAP diluted earnings per share of $0.48 to $0.54 and a non-GAAP operating margin of 37-38%.

Broadcom Corporation (NASDAQ: BRCM) is doing even better this morning after it beat earnings, announced that it was paying about $86 million to buy Percello Ltd. for its a system on chip (SoC) design targeting femtocells, and announced that it was going to raise $600 million in debt.  The stock was up 5.5% at $39.28 after the close in after-hours trading on last look, but this morning is showing a gain of 10.5% at $41.15 on over 500,000 shares.  This marks a 52-week high as the range was $25.76 to $38.47 before today.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) fell after it beat earnings but same store sales fell rather than gained.  The wings and beer (and more) chain was down almost 6% at $45.65 on last look last night and the stock is down 6.5% at $45.40 in pre-market trading.

Dreamworks Animation SKG, Inc. (NASDAQ: DWA) rose after earnings beat estimates handily.  Shares were up almost 5% at $36.00 on last look last night, but the stock is up 7.7% at $37.00 this morning versus a 52-week range of $26.61 to $44.77.

Equinix, Inc. (NASDAQ: EQIX) rose in after-hours after reporting positive earnings.  Shares were up as much as 6.4% at $81.50 last night, but the stock is up about 5.2% at $80.55 on thin volume this morning.

F5 Networks, Inc. (NASDAQ: FFIV) looks more like high-five after beating earnings and guidance are helping a surge.   Shares are up 10% at $112.80 on nearly 200,000 shares this morning.  This may be a 52-week high if it holds as the trading range of the last year is $43.50 to $112.05.

GTx, Inc. (NASDAQ: GTXI) is lower again on a proposed secondary stock offering.  Shares were down 10% at $2.87 in after-hours trading, and the stock is still down 10.6% at $2.85 on over 60,000 shares pre-market.  An average day is only about 90,000 shares.

JDA Software Group, Inc. (NASDAQ: JDAS) rose after earnings on thin trading volume last night and this morning. The after-hours gain was about 8% at $23.95 after having been north of $24.00 briefly last night, but the gain this morning appears to be closer to 14% at $25.25.

McKesson Corporation (NYSE: MCK) looked a tad light on the earnings, but it maintained its fiscal year targets and set a $1 billion stock buyback plan.  Shares were up almost 7% at $66.15 on last look this morning.

Panera Bread Co. (NASDAQ: PNRA) fell after the food chain basically met estimates.  Shares were down 4.6% at $89.95 in the after-hours session on last look last night and the move this morning has shares down 5.2% at $89.43 on thin volume.

Silicon Image, Inc. (NASDAQ: SIMG) beat earnings and raised guidance last night.  Shares were up 25% at $5.70 in the after-hours trading and the stock is now up even a bit more as the gain is shown as 30% at $5.95 on nearly 300,000 shares pre-market.

Sprint Nextel Corp. (NYSE: S) reported a slightly wider loss than expected, and shares are getting hit.  Shares are down 4.25 at $4.57 and there has already been more than 11 million shares traded this morning with almost an hour left before the open.

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JON C. OGG

Broadcom Corporation (NASDAQ: BRCM) beat earnings, announced that it was paying about $86 million to buy Percello Ltd. for its a system on chip (SoC) design targeting femtocells, and announced that it was going to raise $600 million in debt.  Shares closed down 0.77% at $37.33 but the stock was up 5.5% at $39.28 after the close in after-hours trading on more than 700,000 shares.

Buffalo Wild Wings, Inc. (NASDAQ: BWLD) beat earnings but said that its initial Q4 same store sales fell rather than gained.  The wings and beer (and more) chain was down almost 6% at $45.65 on about 150,000 shares after the close.

Dreamworks Animation SKG, Inc. (NASDAQ: DWA) rose after earnings were carried higher by Shrek.  Shares were up almost 5% at $36.00 on more than 100,000 shares after the close.

Equinix, Inc. (NASDAQ: EQIX) was up 2.45 to $76.59 today but shares rose in after-hours too  after reporting positive earnings.  Shares were up as much as 6.4% at $81.50 on more than 500,000 shares but teh stock was up 5% at $80.45 on last look.

GTx, Inc. (NASDAQ: GTXI) closed down 4% on its own, and share are lower again on a proposed secondary stock offering.  Shares were down 10% at $2.87 in after-hours trading.

JDA Software Group, Inc. (NASDAQ: JDAS) rose after earnings, but on thin trading volume.  Shares closed down almost 1% but the after-hours shows a gain of 8% at $23.95 after having been north of $24.00 briefly.

Panera Bread Co. (NASDAQ: PNRA) basically met estimates, and shares sold off as a result.  Shares closed up 0.1% at $94.35 but the stock is down 4.6% at $89.95 in the after-hours session.

RF Micro Devices, Inc. (NASDAQ: RFMD) is trading higher after beating earnings expectations and seeing next quarter in line with this quarter; shares are up 3.7% at $6.61 in the after-hours session, recapturing its 3.6% loss today.

Silicon Image, Inc. (NASDAQ: SIMG) was halted briefly after beating earnings and raising guidance.  Shares were up almost 1% in regular trading but are up 25% at $5.70 in the after-hours trading on more than 175,000 shares since the 4PM bell..

Apple Inc. (NASDAQ: AAPL) is not an after-hours mover today.  The reason it is included here is because of the continued unusual trading volume listed in the weekly and monthly options trading that took place during the trading day in speculative out of the money puts and calls.

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JON C. OGG

Aluminum Corp Of China (NYSE: ACH) Cut to Undeweight at JPMorgan.
Atheros Communications Inc. (NASDAQ: ATHR) Raised to Outperform at William Blair.
Brinker International (NYSE: EAT) Cut to Underperform at BofA/ Merrill Lynch.
CommScope, Inc. (NYSE: CTV) Cut to Hold at Jefferies.
First Solar, Inc. (NASDAQ: FSLR) Reiterated Buy and $175 target at Auriga.
Intercontinental Exchange (NYSE: ICE) Cut to Hold at Deutsche Bank.
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) Raised target to $6.30 at BofA/Merrill Lynch.
Nordic American Tanker Shipping (NYSE: NAT) Cut to Hold at Jefferies.
Panera Bread Co. (NASDAQ: PNRA) Cut to Neutral at BofA/Merrill Lynch.
Ship Finance International (NYSE: SFL) Cut to Hold at Jefferies.
The Travelers Companies, Inc. (NYSE: TRV) Cut to Sell at Deutsche Bank.
Teekay Corp. (NYSE: TK) Cut To Neutral From Overweight By JPMorgan; Raised To Buy From Hold By Jefferies.

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JON C. OGG