Pre-Market Stock News (December 18, 2007)

Investing

Published: December 18, 2007 8:15 am

Last Updated: March 26, 2020 12:39 pm

Below is the top news that a673b.bigscoots-temp.com is focusing on that is impacting stocks in pre-market trading activity:

Adobe Systems (ADBE) traded down 2% after beating earnings and slightly raised guidance.
ATS Medical (ATSI) received FDA approval for AP360 mechanical heart valve.
Best Buy (BBY) $0.53 EPS vs $0.41 est. and $9.92 Billion revenues vs. $9.45 Billion est.; shares traded up 4%.
Borg Warner (BWA) trades ex-split to reflect a 2 for 1 stock split today.
Cherokee (CHKE) retained Goldman, Sachs & Co. to explore strategic alternatives including possible sale of the company.
Dollar Financial (DLLR) raised fiscal 2008 guidance after formally closing its previously announced acquisition of 82 Florida financial-services stores.
Eli Lilly (LLY) announced that CEO Sidney Taurel will retire in March 2008.
First Solar (FSLR) noted as a stock pick with 5-years earnings visibility by Cramer on MAD MONEY.
Forest Labs (FRX) won FDA approval for its new high blood pressure beta blocker along with Maylan Labs.
Goldman Sachs (GS) set to report earnings with $6.61 EPS estimate (whisper of $7.00 and higher).
Natus Medical (BABY) put Q1 guidance $0.09-0.10 vs $0.12 estimate; sees 2008 EPS $0.68 to $0.70 vs. $0.63 estimate.
MedcoHealth Solutions (MHS) noted as a stock pick with 5-years earnings visibility by Cramer on MAD MONEY.
Mylan Labs (MYL) won FDA approval for its new high blood pressure beta blocker along with Forest Labs.
Range Resources (RRC) to replace Tribune in S&P 500 Index on Thursday after close.
Salix Pharmaceuticals (SLXP) will replace Coherent Inc. (COHR) in the S&P SmallCap 600 after the close TODAY.
Synovus (SNV) lowered its guidance.
Thornburg (TMO) reinstated dividend with $0.25 payment, says mortgage uncertainties continue.
Transocean (RIG) noted as a stock pick with 5-years earnings visibility by Cramer on MAD MONEY.

Jon C. Ogg
December 18, 2007

Jon Ogg can be reached at [email protected]; he produces the SPECIAL SITUATION newsletter and he does not own securities in the companies he covers.

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