24/7 Wall St.

24/7 Wall St.

Top 10 Pre-Market Analyst Calls (ADCT, ARRS, EL, FLML, GERN, HD, LOW, MCD, MEDX, NOVL, NMX, DIS)

These are not the only pre-market analyst calls that are moving stocks, but these are the calls that 247WallSt.com is focusing on:

• ADC Telecom (NASDAQ: ADCT) and Arris (NASDAQ: ARRS) raised to Buy at UBS.
• Estee Lauder (NYSE: EL) raised to Buy at UBS.
• Flamel (NASDAQ: FLML) raised to But at Merriman Curhan Ford.
• Geron (NASDAQ: GERN) raised to Buy at UBS.
• Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) started as Market Perform at Morgan Keegan.
• McDonald's (NYSE: MCD) downgraded to Peer Perform at Bear Stearns.
• Medarex (NASDAQ: MEDX) started as Buy at UBS.
• Novell (NASDAQ: NOVL) raised to Buy at Jefferies.
• NYMEX (NYSE: NMX) downgraded to Hold at Citigroup.
• Walt Disney (NYSE: DIS) downgraded to Sell at Citigroup.

Pre-Market Earnings Gappers (January 29, 2008)

We are right in the thick of earnings season and below is a snapshot of some of the key earnings reports with price changes if available:

• Air Tran (NYSE: AAI) -$0.02 EPS vs -$0.02 estimate.
• American Electric Power (NYSE: AEP) $0.52 EPS vs $0.50 estimate.
• American Express (NYSE: AXP) $0.71 EPS vs $0.71 estimate; stock fell 2% after-hours.
• Burlington Northern (NYSE: BNI) $1.46 EPS vs $1.37 estimate.
• Cardinal Health (NYSE: CAH) $0.90 EPS vs. $0.87 estimate, lowered guidance.
• Chattem (NASDAQ: CHTT) $0.76 EPS vs $0.65 estimate.
• Corinthian Colleges (NASDAQ: COCO) $0.11 EPS vs. $0.11 estimate; lending changes and reimbursement changes will lower earnings in second half to make 2008 at lower-end of expectations.
• Countrywide Financial (NYSE: CFC) posted earnings; maintained dividend; shares up 1.5% pre-market.
• Dow Chemical (NYSE: DOW) $0.84 EPS vs $0.80 estimate;
• Eli Lilly (NYSE: LLY) $0.90 EPS vs $0.87 estimate.
• EMC (NYSE: EMC) $0.24 EPS vs $0.22 estimate
• 3M (NYSE: MMM) $1.19 EPS vs $1.17 estimate; $6.2 Billion vs. $6.12B estimate; reiterated 10% EPS growth for 2008.
• Accidental Petroleum (NYSE: OXY) $1.74 EPS vs $1.69 estimate; replaced 116% of its 2007 production.
• SanDisk (NASDAQ: SNDK) posted non-GAAP EPS of $0.69 vs. $0.64 EPS estimate, but guidance was disappointing; stock down 3%.
• Sepracor (NASDAQ: SEPR) trading down 7% after restatements.
• Smurfit Stone (NASDAQ: SSCC) traded up 6% after earnings.
• T.Rowe Price (NASDAQ: TROW) $0.68 EPS vs $0.63 estimate.
• Unisys (NYSE: UIS) $0.04 EPS vs $0.12 estimate; although shares up almost 4%.
• VMware (NYSE: VMW) trading down 20% or more after revenue number was light.
• Waddell & Reed (NYSE: WDR) $0.42 EPS vs. $0.42 estimate.
• Zoran (NASDAQ: ZRAN) traded down 22% after beating earnings but lowering guidance.