Investing

Pre-Market Stock News (DECEMBER 19, 2007) (ATU, ADCT, CEM, CSUN, DGIT, ETFC, AMTD, FITB, FRPT, GIS, GOOG, HOV, JOYG, LMC, MS, PALM, PHG, S, VIA, MSFT)

Below is a summary of many of the top headlines and news bits from individual stocks affecting share prices in pre-market trading this Wednesday:

  • Actuant (ATU) $0.52 EPS vs $0.48 estimate.
  • ADC Telecom (ADCT) traded down 4% after-hours. It filed a $400 million convertible note offering, and Cramer said it was a safe stock to play for Verizon and AT&T network build-outs.
  • Chemtura (CEM) said it will review Strategic Alternatives, including a possible sale of the company.
  • China Sunergy (CSUN) named Kenneth Luk as its Chief Financial Officer.
  • DG FastChannel (DGIT) shares are up 5% after it raised its 2007 and 2008 guidance.
  • E*Trade (ETFC) rose almost 4% in conjunction with
  • Fifth Third (FITB) warned of more credit losses but increased its dividend.
  • Force Protection (FRPT) traded down over 20% again after lower portion of Mine Resistant Ambush Protected vehicles for U.S. Marines.
  • General Mills (GIS) $1.14 EPS vs $1.13 estimates.
  • Google (GOOG) said its application to bid for spectrum was accepted by the FCC.
  • Hovnanian (HOV) losses reached $7.42 on lower sales and added charges and write-downs.
  • Joy Global (JOYG) $0.80 EPS vs $0.75 estimates.
  • Lundin Mining (LMC) stock indicated up almost 2% after it said it will repurchase up to 19.6 million shares of common stock.
  • Morgan Stanley (MS) posted -$3.61 net but had $5.7 Billion in mortgage write-downs totaling roughly $9 Billion in charges now; it is also in pact with China Investment for $5 billion investment.
  • Nike (NKE) reports earnings after the close today.
  • Oracle (ORCL) posts earnings after the close today.
  • Palm (PALM) lost 9% after wider losses than expected and even lower guidance ahead.
  • Philips (PHG) plans a $7.2 Billion share buyback.
  • Sprint (S) named Hesse from Embarq as its new CEO.
  • TD Ameritrade (AMTD) rose 4% after it raised guidance.
  • Viacom (VIA) in long-term digital content and advertising pact with Microsoft.

Jon C. Ogg
December 19, 2007

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