On a day that DJIA futures are indicating a -500 point drop in the market, it is pretty hard to focus on the individual news out there in each stock. There are actually a few stocks trading up and here is the individual news:
- Abraxis BioScience (ABII) received approval from the EU Commission to market ABRAXANE for metastatic breast cancer in Europe.
- ADTRAN (ADTN) $0.27 EPS vs $0.27 estimates.
- Bank of America (BAC) posted $0.05 EPS vs. $0.18 estimates, with a $5.28 Billion CDO writedown; shares down over 5% pre-market.
- BJ Services (BJS) $0.58 EPS vs. $0.59 estimate.
- Cardiome (CRME) announced that the FDA has not made a decision on its new drug application for KYNAPID for atrial fibrillation; shares appear to be indicated down 10% or so.
- DuPont (DD) $0.57 EPS vs $0.49 estimates; sees 2008 EPS $3.35 to $3.55 versus $3.43 estimates; shares down almost 2%.
- eBay (EBAY) WSJ announced Meg Whitman plans to retire, although no formal announcement has been made; shares down 8% pre-market.
- Exelixis (EXEL) and Bristol-Myers to co-develop XL139; Exelixis will receive a $20 million milestone payment; EXEL down 3% pre-market.
- Fastenal (FAST) $0.38 EPS vs $0.40 estimates.
- Google (GOOG) shares down over 5% pre-market.
- Iomega (IOM) raised guidance; shares up over 10% pre-market.
- Jacobs Engineering (JEC) $0.75 EPS vs. $0.70 estimates.
- J&J (JNJ) posted $0.88 EPS vs. $0.86 estimates; sees Fiscal 2008 EPS $4.39-$4.44 vs $4.42 estimates.
- Microsoft (MSFT) and Citrix Systems (CTXS) announce an expanded alliance to deliver a set of virtualization solutions to address the desktop and server virtualization needs of customers.
- OSI Systems (OSIS) has received a contract for Rapiscan for about $2 million from its Chinese distributor.
- Regions Financial (RF) $0.24 EPS vs. $0.29 estimate.
- Satyam (SAY) $0.32 EPS vs $0.31 estimates; sees next quarter $0.36 EPS vs. $0.34 estimate; sees 2008 EPS $1.27 vs. $1.24 estimate.
- Tellabs (TLAB) $0.04 EPS vs. $0.01 estimate; Revenues $469.1 million versus $459.6 million estimates; shares down 2.8% pre-market.
- Teva (TEVA) announced it will acquire privately held CoGenesys for development of peptide- and protein-based medicines for roughly $400 million cash.
- UnitedHealth (UNH) $0.92 EPS vs. $0.92 estimates; sees 2008 EPS $3.95 to $4.00 vs. $3.96 estimates.
- Ventana Medical Systems (VMSI) is being acquired by Roche for $89.50 per share in cash in an increased buyout price; shares up 4% at $88.75
- Wal-MArt (WMT) set to make healthcare announcement this morning.
- Waters (WAT) $0.98 EPS vs $1.06 estimate.
Buffett Missed These Two…
Warren Buffett loves dividend stocks, and has stuffed Berkshire with some of his favorites.
But he overlooked two dividend legends that continue to print checks on a new level, they’re nowhere in his portfolio.
Unlock the two dividend legends Buffett missed in this new free report.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
