Paul Kangas' Stocks In the News
Monday, January 30, 2006PAUL KANGAS: Kraft is about 85 percent owned by Altria Group, Susie and Kraft stock today closed the regular trading session at $30 even. That was up $0.71 a share. Now let`s look at the rest of our stocks in the news tonight.
Big board volume leader, Time Warner (TWX) on 22.7 million shares, up $0.26. Media mogul Frank Biandi (ph) has joined Carl Icahn in his investment group in an effort to elect Time Warner directors and bring about a turnaround in the company. Mr. Biandi is also considered as potentially a new chairman and CEO.
General Electric (GE) was a $0.02 loser on the day.
And then ExxonMobil (XOM) up $1.82. You heard all about those big earnings. Those fourth quarter earnings incidentally were $0.21 above the Wall Street consensus.
Pfizer (PFE) a nickel loss.
And then Boston Scientific (BSX) down $0.73. That was fifth in volume.
Lucent Technology (LU) down $0.08.
Followed by Ford Motor Co (F) with a $0.03 gain.
Disney (DSN) edged up $0.38.
Texas Instruments (TXN) an $0.18 drop.
EMC Corp (EMC) tenth in volume, was up $0.03 a share.
Eastman Kodak (EK) down $0.62. The company narrowed its fourth quarter loss to $0.18 a share from $0.20 a year ago and that does include restructuring charges but keep in mind, it was the fifth consecutive quarterly loss for Eastman Kodak stock.
Schering-Plough (SGP) $0.51 drop there. Fourth quarter earnings of $0.07 versus a loss of $0.58 last year, but those earnings believe it or not a penny below the Wall Street estimate, so down went the stock.
Tyson Foods (TSN) off $1.10. The poultry producer had first quarter earnings of $0.11, way down from $0.14 a year ago and $0.04 below the Street consensus. The company also cut its 2006 guidance rather sharply.
USG Corp (USG), this is the old U.S. Gypsum, up nearly $16 a share. The company reported a fourth quarter loss believe it or not of almost $40 a share, but that does include the huge cost of settling its asbestos liabilities and it does pave the way for the firm to emerge from bankruptcy, hence the big gain in the stock apparently.
Omnicare (OCR) down $6.09. There were reports out that the government has made inquiries and is reviewing certain company facilities. Omnicare`s policy is not to comment on such activities, but the Stifel Nicolaus brokerage downgraded the stock from "buy" to just a "hold" rating.
Kinetic Concepts (KCI) off $3.55. Fourth quarter earnings higher, $0.64 versus $0.47 a year ago, but Standard & Poor`s downgraded the stock from "buy" to "hold" saying that there are patent litigation risks involved with this company.
Town & Country Trust (TCT) up $2.28. The Oriole partnership is going to acquire it for $36 a share in cash.
And then another energy stock, W-H Energy Services (WHQ), a nice gain of $4.14. Fourth quarter earnings jumped to $0.55, more than double last year`s $0.26 and revenues up a hefty 32 percent.
On the downside, Corn Products Intl (CPO) off $1.80. Fourth quarter earnings jumped to $0.31 versus $0.19 last year, but that was a penny below the Street estimate and the company is very cautious on its outlook.
And then Marathon Oil (MRO) up $1.51. The board of directors has approved a stock buyback of up to $2 billion.
Apple Computer (AAPL) topped the active list up $2.97. UBS is upbeat on the company`s launch of its Ibook laptops coming up in April.
Google (GOOG) down $6.67 a share.
$0.21 gain in Microsoft (MSFT).
Intel (INTC) $0.02 loss.
Sandisk (SNDK) was up $2.91. That was fifth in volume.
Amgen (AMGN) up $1.01.
Broadcom (BCOM) off $1.67.
Yahoo! (YHOO) fell $0.04.
Cisco Systems (CSCO) an $0.11 gain.
And Oracle (ORCL) was a $0.20 gainer.
A big gainer was Lowrance Electronics (LEIX) which makes navigational equipment, going to be taken over by Simrad Yachting for $37 a share.
And then finally we see Intrado (TRDO) up $2.72. It`s in wireless services and West Corp. will acquire it for $26 a share in cash.
Those are the stocks in the news tonight.
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