Tyco Electronics Guide Higher, United Technologies Reaffirms

Positive Guidance

Tyco Electronics Ups Guidance
Tyco Electronics Ltd. (TEL) said it now expects third quarter earnings of $0.10 to $0.17 per share, excluding items, on revenue of $2.45 billion to $2.55 billion. The company's previous guidance was earnings of $0.01 to $0.06 per share on revenue of $2.35 billion to $2.45 billion and the current consensus earnings estimate is $0.03 per share on revenue of $2.42 billion for the quarter ending June 26, 2009.


O2Micro Guides Above Estimates
O2Micro International Ltd. (OIIM) said it expects second quarter revenue of approximately $34.0 million. The current consensus estimate is revenue of $26.4 million for the quarter ending June 30, 2009.

Inline Guidance

Majesco Entertainment Raises Revenue Guidance to be Inline with Estimates
Majesco Entertainment Company (COOL) said it continues to expect 2009 earnings of $0.10 to $0.14 per share but now expects revenue of $80.0 million to $85.0 million. The company's previous guidance was revenue of $75.0 million to $80.0 million and the current consensus earnings estimate is $0.14 per share on revenue of $81.5 million for the year ending October 31, 2009.


Illinois Tool Works Reaffirms
Illinois Tool Works Inc. (ITW) said it continues to expect second quarter earnings of $0.25 to $0.37 per share, excluding items. The current consensus earnings estimate is $0.30 per share for the quarter ending June 30, 2009.


United Technologies Reaffirms
United Technologies Corp. (UTX) said it continues to expect 2009 earnings of $4.00 to $4.50 per share on revenue of approximately $55.0 billion. The current consensus earnings estimate is $4.08 per share on revenue of $54.15 billion for the year ending December 31, 2009.


Negative Guidance

Basic Energy Services Warns
Basic Energy Services Inc. (BAS) said it expects second quarter revenue of $116.0 million to $119.1 million. The current consensus estimate is revenue of $145.3 million for the quarter ending June 30, 2009.

Jazz Pharma, Maguire Properties Soar, Hartford Plummet

Jazz Pharmaceuticals Inc.'s ($4.23, +$1.59, +60.23%) sodium oxybate showed meaningful improvement in treating the pain and the main symptoms associated with fibromyalgia in Phase III studies. The company had already announced positive results from the trials late last year, saying preliminary results achieved their endpoints.

Maguire Properties Inc. ($1.57, +$0.50, +46.73%), a struggling Los Angeles real-estate investment trust, sold a newly developed office building in Irvine, Calif., for about $160 million, a price representing an estimated 40% discount to its construction cost.

Six Flags Inc. (SIXF, $0.15, -$0.11, -42.05%), one of the world's largest amusement-park chains, will be mostly owned by its lenders if a bankruptcy judge approves a deal negotiated between the company and its debt holders. The theme-park company filed for Chapter 11 bankruptcy protection early Saturday amid a mountain of debt topping $2 billion and a looming $300 million payment due to preferred stockholders in August.

BioDelivery Sciences International Inc. (BDSI, $7.62, +$0.86, +12.72%) has reached an agreement with the Food and Drug Administration and a review team regarding the company's new-drug application for the treatment of cancer-related pain, signaling approval could be near.

Columbia Banking System Inc. (COLB, $10.71, -$1.89, -15%), a bank-holding company, said it expects a larger second-quarter loss than analysts expected. The company plans to increase its loan-loss provision in the quarter because of continuing declines in real estate values.

In addition to the $3.4 billion it is seeking from the Treasury, Hartford Financial Services Group Inc. (HIG, $11.50, -$1.45, -11.20%) said Friday that it will sell up to $750 million in stock to further bolster its capital position as it prepares to report more investment losses in the second quarter.

Innospec Inc. (IOSP, $10.18, -$0.47, -4.41%) said its board approved a stockholder rights plan to protect against takeover efforts. The chemical company said it believes the value of its business isn't reflected in its share price, which could make it vulnerable to a hostile takeover.

Lincoln National Corp. (LNC, $16.47, -$1.28, -7.21%) said Monday it is aiming to raise $2.1 billion in capital, including a $600 million common stock offering, as part of its broader program to bolster capital levels and reduce debt. The insurance holding company also announced plans Monday to sell $500 million in senior debt and $950 million in preferred stock under the Treasury's Capital Purchase Program.

Limited Brands Inc. (LTD, $12.48, -$0.33, -2.58%) said it is looking to raise $500 million through a private placement of senior notes due 2019 as the retailer looks to pay down debt. The company joins a host of other companies issuing notes as they look to raise cash.

Synta Pharmaceuticals Corp. (SNTA, $2.54, -$0.17, -6.27%) will see its cancer-drug venture with GlaxoSmithKline PLC end within 90 days, putting the treatment further into question after a late-stage trial was stopped earlier this year amid mortality concerns.

Standard & Poor's Ratings Service lowered its credit ratings on TRW Automotive Holdings Corp. (TRW, $9.36, -$0.86, -8.41%) further into junk territory, saying weak light vehicle sales through 2010 would result in the auto-parts maker using more cash than previously estimated.

Pops And Drops - Savient, Hoku Lead The Way

Shares of Savient Pharmaceuticals ($9.28, +$3.35, +56.49%) jumped as the Food and Drug Administration released its briefing documents ahead of a panel meeting Tuesday to discuss approval of gout treatment Krystexxa. Analysts said the FDA comments appeared to be positive.

Hoku's ($3.15, -$1.23, -28.08%) fiscal first-quarter loss narrowed despite sharply lower revenue, but the alternative-energy company warned it is having trouble raising capital to continue as a going concern over the next 12 months.

William Blair raised its investment rating on Sonic ($3.57, +$0.41, +12.97%) to outperform from market perform, saying the company is well poised to capitalize on the nation's switch to digital television, which is supposed to be completed Friday. Sonic's digital move distribution system, CinemaNow, is an attractive option and the fact that overall digital viewership is increasing should benefit Sonic.

KeyBanc raised its rating on TriMas Corp. (TRS, $4.27, +$0.36, +9.21%), a manufacturer of engineered and applied products, to buy from hold, citing an improving risk/reward profile and overdone covenant and liquidity concerns.

EZCorp Inc. (EZPW, $11.08, -$1.81, -14.04%) cut its earnings guidance for the next two quarters and the fiscal year, as the recession has less of a positive effect on demand for loans and previously owned merchandise than the pawnshop operator expected

E*Trade Financial Corp. (ETFC, $1.88, +$0.22, +13.25%) shares soared, up for the fourth straight session since Dow Jones Newswires said the company is in talks with Citadel to provide capital. On Tuesday, E*Trade said Citadel Chief Executive Kenneth Griffin would join its board. While nothing was disclosed today, JMP Securities says Citadel news is an indication that the hedge fund-giant isn't willing to let E*Trade "fade into the night." However, JMP said any aid doesn't necessarily make E*Trade a better investment for common shareholders.

Finisar Corp.'s (FNSR, $0.78, -$0.07, -8.04%) fiscal fourth-quarter loss narrowed on a smaller goodwill write-down, but revenue and margins continued to reflect the economic downturn.

F.N.B. Corp.'s (FNB, $6.06, +$0.26, +4.48%) capital needs have been addressed following its capital-raising earlier this week, KBW said as it boosted the stock's rating to outperform. KBW said, despite dilutive impact to earnings, the raise was a "longer-term positive" for stock, boosting TCE ratio, supporting organic growth opportunities and providing flexibility for bank to consider repaying TARP. It also added it believes FNB's dividend is safe.

Hartford Financial Services Group Inc. (HIG, $12.88, -$1.20, -8.52%) announced plans to sell up to $750 million in stock as the insurer formally announced it will participate in the Treasury Department's Troubled Asset Relief Program. Fellow insurer Lincoln National Corp. (LNC, $17.53, -$1.42, -7.49%) also traded lower.

Human Genome Sciences (HGSI, $2.89, -$0.30, -9.41%) shares fell as Lazard Capital said the probability that its LymphoStat-B will succeed in phase III trials for lupus is "extremely low," while Barclays calls the upside on the drug's phase II data overdone. Lazard Capital downgraded its investment rating on Human Genome shares to sell from hold, criticizing several aspects of trial's design.

Nutrisystem Inc. (NTRI, $13.96, -$1.59, -10.23%) said it will take about $4.6 million in charges and write-downs during the second quarter related to cost-cutting and its decision to write off its investment in ZeroWater. The provider of weight-management and fitness products has been taking steps to cut pretax costs up to $8 million this year amid declines in consumer spending associated with the global recession. Nutrisystem will record $1 million in charges from recent layoffs.

Shares of Pain Therapeutics Inc. (PTIE, $5.32, +$0.33, +6.61%) rose Friday, although analysts said they haven't heard of anything fundamental that could be driving the gains. Analysts told Dow Jones Newswires their best guess for the share movement was that investors are focusing on an upcoming U.S. Food and Drug Administration meeting to discuss Remoxy, a proposed pain pill from Pain Therapeutics and King Pharmaceuticals Inc. (KG, $10.10, +$0.33, +3.38%).

KeyBanc cut the stock-investment rating of Quicksilver Resources Inc. (KWK, $12.50, -$0.68, -5.16%) to hold from buy, saying the shares have had a good run. The firm cited the company's year-to-date appreciation, its valuation and the lack of near-term catalysts.

European Union regulators Friday confirmed they have started a settlement procedure with U.S.-based Rambus Inc. (RMBS, $17.22, +$2.13, +14.12%) over an alleged antitrust violation. As part of the proposed settlement, Rambus has offered royalty cuts for five years for its chip technology customers, the European Commission said.

Saks Inc. (SKS, $4.35, +$0.59, +15.69%) gained after Deutsche Bank upgraded its investment rating on the high-end retailer's shares to buy from hold, and set a $7 price target. The firm says strategies are in place to return operating margins to prior levels.

Schawk Inc. (SGK, $7.46, -$0.38, -4.85%) swung to a fourth-quarter loss, although the company said it won credit amendments that resolve concerns about its covenant compliance. Schawk, which produces branded packaging for clients, also predicted fiscal-year revenue of $440 million to $450 million, a decline of 9% to 11% from the year earlier.

Investors have shown strong interest in Tenet Healthcare Corp.'s (THC, $3.25, -$0.24, -6.88%) note buyback, tendering $891.4 million in outstanding senior notes by the early tender date as part of the hospital operator's offer to buy back up to $1 billion in notes maturing in 2014.

UTStarcom Inc. (UTSI, $1.94, -$0.21, -9.77%) said it would cut its work force by more than half and outsource its manufacturing to improve cash flow, as the handset maker continues trimming its operations.

Lots Of Pops To Buy/Short Into...

Synthesis Energy Systems, Inc. builds, owns and operates coal gasification plants that utilize its U-GAS fluidized bed gasification technology to convert low rank coal and coal wastes into higher value energy products, such as transportation fuels and ammonia. SYMX is up 102% to 1.42$ on heavy volume on no news. $1.67 is 200dma and key resistance. Above this potential buy. Watch for 1.50$ break. Potential buy/short.

Antigenics Inc. (AGEN), is a biotechnology company focused on developing and commercializing technologies to treat cancers and infectious diseases, primarily based on immunological approaches. AGEN is up 70% to $1.53 on heavy volume. This biotech stock is up on positive drug news. No resistance till $2.00. Potential buy.

TOP SHIPS INC. is a provider of international seaborne transportation services, carrying petroleum products, crude oil for the oil industry and drybulk commodities for the steel, electric utility, construction and agri-food industries. TOPS is up 53% to $3.52 on heavy volume breaking past its previous resistance. Potential buy/short.

China BAK Battery, Inc. is engaged in manufacturing rechargeable lithium-based battery cells. It produces battery cells that are the principal component of rechargeable batteries used to power applications, such as cellular phones, notebook computers, portable consumer electronics. CBAK is up 31% to $3.23, breaking past its 200 dma. It faces stiff resistance around $3.50-$3.80 region. Potential buy/short.

Uranium Resources, Inc. (URI) is primarily engaged in the business of acquiring, exploring, developing and mining uranium properties using the in situ recovery (ISR) or solution mining process. URRE surged 30% to close at $1.73, breaking past its earlier resistance of $1.66. This can go to $2.00 with stop loss below $1.50. Potential buy.

FreeSeas Inc. is an international dry bulk shipping company focusing on the Handysize and Handymax sectors. FREE closed up 20% at $3.49 breaking out from previous highs. FREE posted a quarterly profit that beat market expectations, due to lower operating costs, and said it expects to remain profitable through the year. The stock has no strong resistance till $4.00 with good support at $3.00. Potential buy.

Boise Inc., formerly Aldabra 2 Acquisition Corp., manufactures packaging products and papers, including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp. BZ is up 20% to $2.47. $2.78 could be double top. Critical level to watch for.

Stocks to watch out for...

	Name	Symbol	Last price	Change	Mkt cap
	Antigenics, Inc.	AGEN	1.53	+0.64 (71.91%)	111.40M
	Boise Inc.	BZ	2.47	+0.41 (19.90%)	208.67M
	China Architectural Engineering...	CAEI	1.81	+0.29 (19.08%)	96.39M
	China BAK Battery Inc.	CBAK	3.23	+0.77 (31.30%)	186.33M
	Majesco Entertainment Co.	COOL	1.69	+0.24 (16.55%)	51.19M
	Babcock & Brown Air Limited...	FLY	7.76	+0.68 (9.60%)	252.11M
	FreeSeas Inc.	FREE	3.49	+0.60 (20.76%)	73.89M
	Green Plains Renewable Energy...	GPRE	7.28	+1.05 (16.85%)	181.52M
	MDS Inc. (USA)	MDZ	5.39	+0.48 (9.78%)	647.54M
	Oculus Innovative Sciences, Inc.	OCLS	3.73	+0.76 (25.59%)	69.80M
	RadNet Inc.	RDNT	2.54	+0.29 (12.89%)	93.54M
	Satyam Computer Services Ltd...	SAY	2.75	+0.47 (20.61%)	926.05M
	Solutia Inc.	SOA	6.15	+0.72 (13.26%)	579.89M
	Synthesis Energy Systems, Inc.	SYMX	1.42	+0.72 (102.86%)	68.18M
	TOP Ships Inc.	TOPS	3.52	+1.23 (53.71%)	106.67M
	Thomas Properties Group, Inc.	TPGI	1.87	+0.29 (18.35%)	48.05M
	Trimas Corporation	TRS	3.72	+0.33 (9.73%)	124.92M
	Uranium Resources, Inc.	URRE	1.73	+0.40 (30.08%)	97.33M

Pepsi, United Natural Food Guides Higher, Valero Sees Q2 Loss

Positive Guidance

Bob Evans Farms Sees Revenue Above Estimates
Bob Evans Farms Inc. (BOBE) said it expects fiscal 2010 revenue of approximately $1.78 billion to $1.79 billion. The current consensus estimate is revenue of $1.77 billion for the year ending April 30, 2010.


Tessera Technologies Ups Guidance
Tessera Technologies Inc. (TSRA) said it now expects second quarter revenue of $59.0 million to $61.0 million. The company's previous guidance was revenue of $46.0 million to $49.0 million and the current consensus estimate is revenue of $47.8 million for the quarter ending June 30, 2009.


United Natural Foods Raises Earnings Guidance
United Natural Foods Inc. (UNFI) said it now expects fiscal 2009 earnings of $1.34 to $1.38 per share and continues to expect revenue of $3.45 billion to $3.50 billion. The company's previous guidance was earnings of $1.28 to $1.36 per share and the current consensus earnings estimate is $1.31 per share on revenue of $3.49 billion for the year ending July 31, 2009.


Pepsi Bottling Raises Guidance
Pepsi Bottling Group Inc. (PBG) said it expects second quarter earnings of $0.70 to $0.74 per share and now expects 2009 earnings of $2.30 to $2.40 per share. The company's previous guidance was 2009 earnings of $2.20 to $2.30 per share. The current consensus earnings estimate is $0.69 per share for the quarter ending June 30, 2009 and $2.26 per share for the year ending December 31, 2009.

Inline Guidance

VeriFone Revises Guidance with Fiscal Year Revenue Below Estimates
VeriFone Holdings Inc. (PAY) said it expects third quarter earnings of $0.15 to $0.18 per share on revenue of approximately $202.0 million. The current consensus earnings estimate is $0.17 per share on revenue of $210.7 million for the quarter ending July 31, 2009. The company also said it expects 2009 earnings of $0.65 to $0.70 per share on revenue of $810.0 million to $830.0 million. The company's previous guidance was earnings of $0.60 to $0.85 per share on revenue of $830.0 million to $880.0 million and the current consensus earnings estimate is $0.67 per share on revenue of $848.1 million for the year ending October 31, 2009.


Negative Guidance

Brandywine Realty Trust Lowers Guidance
Brandywine Realty Trust (BDN) said it now expects 2009 funds from operations of $1.63 to $1.77 per share. The company's previous guidance was FFO of $2.04 to $2.21 per share and the current consensus FFO estimate is $2.03 per share for the year ending December 31, 2009.


FirstEnergy Guides Below Estimates
FirstEnergy Corp. (FE) said it expects 2009 earnings of $3.70 to $3.85 per share. The current consensus earnings estimate is $4.00 per share for the year ending December 31, 2009.


Valero Energy Sees Second Quarter Loss
Valero Energy Corp. (VLO) said it expects second quarter loss of approximately $0.50 per share. The current consensus estimate is for earnings of $0.76 per share for the quarter ending June 30, 2009.


Aetna Lowers Guidance
Aetna Inc. (AET) said it now expects 2009 earnings of $3.55 to $3.70 per share. The company's previous guidance was earnings of $3.85 to $3.95 per share and the current consensus earnings estimate is $3.82 per share for the year ending December 31, 2009.