Featuring TTM’s $500M loss; PBY’s dividend; GE’s $10M manufacturing facility; FDA revokes BLUD license; STX’s Q4 outlook; and TIBX’s Q2 profit.

Today’s Stock Alerts include: Tata Motors Ltd. (NYSE: TTM), Pep Boys – Manny, Moe & Jack (NYSE: PBY), General Electric Co. (NYSE: GE), Immucor Inc. (Nasdaq: BLUD), Seagate Technology (Nasdaq: STX) and TIBCO Software Inc. (Nasdaq: TIBX).

Tata Motors Ltd. (NYSE: TTM) Stock Alert – TTM Posts First Annual Loss in Eight Years; Sees Bumpy Road Ahead

Automobile manufacturer Tata Motors Ltd. (NYSE: TTM) recently posted an annual loss of 25 billion rupees, or more than $500 million, its first in eight years, underscoring fewer sales of Jaguar-Land Rover cars. A year ago, the Mumbai-India-based company posted a net profit of 21.68 billion rupees.

In a press release, the company stated, “The global meltdown, especially after July 2008 with vehicle financing and demands drying up, impacted the auto industry worldwide, including Jaguar Land Rover. In 2008 therefore, Land Rover sales fell considerably. However, Jaguar was able to maintain the sales level primarily on the back of a very strong consumer response to the newly launched XF sedan.”

The Jaguar and Land Rover unit, which the company bought in 2008, posted a loss after tax of $504 million in the 10 months of the fiscal year to March 2009 amid the global credit crisis and economic downturn impacting car sales. The unit sold 167,000 vehicles for the 10 months to March, compared with 246,000 in the same period the year before.

Readying for major belt-tightening, the struggling company warned it may consider more job cuts and plant shutdowns for the Jaguar and Land Rover unit, according to vice chairman Ravi Kant, adding it would depend on how the market situation evolved.

Tata Motors is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the company.

The company’s operating segments consists of automotive operations and other operations. Automotive operations business segment includes the design, manufacture, assembly, sale and service of commercial and passenger vehicles, spare parts, components and accessories, as well as financing its vehicles. Its other operations business segment includes information technology (IT) services, construction equipment manufacturing, machine tools and factory automation solutions, high-precision tooling and plastic and electronic components for certain applications and investment business. On October 15, 2008, Tata Motors’ UK, a subsidiary of Tata Motors European Technical Centre plc, acquired a 50.3% stake in Miljo Grenland.

In today’s daily chart, TTM is trading within its Bollinger Bands, a normal condition signaling that the stock is neither overbought nor oversold relative to the recent price action. MACD currently reflects weak bearish signal, with the indicator above the critical level of 0 but has crossed below its 9-day signal line, indicating that positive momentum has begun to slow.

Pep Boys – Manny, Moe & Jack (NYSE: PBY) Stock Alert – PBY Declares Quarterly Dividend of 3 cents

Automotive service and retail chain Pep Boys – Manny, Moe & Jack (NYSE: PBY) recently announced its board has approved the payment of the next quarterly dividend of 3 cents per share payable on July 27, 2009, to shareholders of record on July 13, 2009. Its annual dividend of 12 cents per share currently yields approximately 1.3%.

Just recently, the company held its annual meeting of shareholders in Philadelphia, in which the company elected a full board of directors consisting of incumbent directors Shân Atkins, Bob Hotz, Jim Mitarotonda, Mike Odell, Irv Reid, Jane Scaccetti, John Sweetwood, Nick White and Jim Williams, plus new nominee Max Lukens. The appointment of the company’s independent registered public accounting firm, as well as amendments to the company’s Stock Incentive Plan and Annual Bonus Plan, were also approved by shareholders during the meeting.

The Pep Boys is engaged in automotive repair and maintenance, and the sale of automotive tires, parts and accessories. The company’s primary operating unit is its SUPERCENTER format. As of January 31, 2009 (fiscal 2008), the company operated 562 stores consisting of 552 SUPERCENTERS and one SERVICE & TIRE CENTER, having an aggregate of 5,845 service bays, as well as nine non-service/non-tire format PEP BOYS EXPRESS stores.

The company operates approximately 11.5 million gross square feet of retail space, including service bays. The SUPERCENTERS average approximately 20,700 square feet and the PEP BOYS EXPRESS stores average approximately 9,500 square feet. In most of its stores, the company has a commercial sales program that provides commercial credit and delivery of tires, parts and other products to local, regional and national repair garages and dealers.

In today’s daily chart, PBY’s Bollinger Bands indicate a relatively stable condition as reflected by tighter than normal band width. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD currently reflects weak bearish signal, with the indicator above the critical level of 0 but has crossed below its 9-day signal line, indicating that positive momentum has begun to slow. With share prices currently above the stock’s 13-day moving average, a bullish trend is indicated. Also, a rising moving average signals that there has been buying interest in this stock.

General Electric Co. (NYSE: GE) Stock Alert – GE to Open $100 million-worth Manufacturing Technology Center in Michigan

General Electric Co. (NYSE: GE) recently announced it will open an advanced manufacturing technology and software center in Michigan. The nation’s largest conglomerate said the $100 million site will eventually employ more than 1,100 people and will be part of GE’s network of Global Research Centers.

“To lead in manufacturing and create high-value jobs in the U.S., we must invest in technology and in people,” GE chairman and CEO Jeff Immelt stated. “The scientists, engineers and technologists that will work and learn at this center will help GE develop innovative new software, processes and technologies to make our manufacturing businesses even more productive and competitive.”

According to the report, the 100,000-square-foot center will house a GE research and development facility with scientists and engineers who will develop manufacturing technologies for GE’s renewable energy, aircraft engine, gas turbine and other products, as GE experts in software development, data architecture, networking, business intelligence and program management who will develop software to support GE’s business operations for several advanced technologies, like the smart grid.

Further, the site will serve as a training hub for GE information technology professionals.

The state of Michigan is reportedly providing more than $60 million in incentives over the next 12 years to support the facility located in Van Buren Township.

GE is a diversified technology, media and financial services company. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products.

In today’s daily chart, GE is trading within its Bollinger Bands, a normal condition signaling that the stock is neither overbought nor oversold relative to the recent price action. MACD reflects strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock’s 13-day moving average, the bearish sign is more pronounced with decreasing moving averages.

Immucor Inc. (Nasdaq: BLUD) Stock Alert – BLUD Receives FDA Notice of Intent to Revoke Manufacturing License

Shares of Immucor Inc. (Nasdaq: BLUD), maker of products used in blood transfusions, plummeted on last week’s word that the Food and Drug Administration intends to revoke the company’s biologics manufacturing license, citing a January inspection. The stock reached a five-year low of $11.24 Friday.

In May 2008, the FDA warned the company about violations at its Norcross plant that included handling procedures. FDA’s administrative action specifically refers to Immucor’s reagent red blood cells and Anti-E blood grouping reagent product, the report said.

Responding to the notice, Immucor president and CEO Dr. Gioacchino De Chirico made the following statement, “We take our regulatory responsibilities very seriously. We have been working diligently to improve our quality systems and processes, including the deficiencies identified by the FDA, with Our Quality Process Improvement Project. We are committed to completing this Project as quickly as possible.”

Immucor said it spent more than $2 million in fiscal 2009 on improvements. In fiscal 2010, the company expects to spend between $4 million and $4.5 million on improvement projects.

“We have kept the FDA informed of the Project’s objectives and progress by providing written updates to them on a monthly basis that detail our plans for corrective actions as well as the implementation of the correction action plans to prevent recurrence. The FDA has acknowledged that they are aware of our efforts to correct their identified deficiencies, but the letter indicates the FDA’s action is based on their January 2009 inspection. The FDA has not performed an inspection since January 2009,” stated Dr. De Chirico.

Per the FDA’s letter, the company now has 10 working days to respond to the FDA’s administrative action and 30 days to submit a remediation plan.

“We believe our Quality Process Improvement Project will result in Immucor having a world-class quality system. We are committed to achieving this end as quickly as possible,” stated Dr. De Chirico.

Immucor develops, manufactures and sells a complete line of reagents and automated systems used primarily by hospitals, clinical laboratories and blood banks in a number of tests performed to detect and identify certain properties of the cell and serum components of human blood prior to blood transfusion.

In today’s daily chart, BLUD’s MACD reflects strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. Bollinger Bands indicate a relatively stable condition as reflected by tighter than normal band width. Trading below its lower Bollinger Band, the stock reflects an overextended to the downside condition relative to its recent price action and is due for either a pause or retracement.

Seagate Technology (Nasdaq: STX) Stock Alert – STX Ups Q4 Revenue Outlook

Seagate Technology (Nasdaq: STX) recently boosted its revenue outlook for the fourth quarter, citing new product transitions, operational efficiencies and favorable pricing.

Compared to its previous outlook, the company said demand and pricing for products, in aggregate, are tracking favorably, while improved operational efficiencies, product management and the continuing successful transition to new products is allowing it to optimize product mix and gross margin.

The George Town, the Cayman Islands-based company now expects fourth quarter revenue in a range of about $2.20 billion – $2.30 billion, up from the prior range of $1.9 billion – $2.2 billion. In the year-ago quarter, the company’s revenues grew 5.8% to $2.9 billion, helped by 10% increase in shipments.

Analysts, on average, expect revenues of $2.09 billion for the quarter, with a low estimate of $2.02 billion and a high estimate of $2.16 billion, according to a poll by Thomson Reuters. Analysts’ estimates typically exclude special items.

Also, Seagate forecasts fourth-quarter gross margin as a percent of revenue of nearly 15%, and anticipates the total available market for hard disk drives to be about 120 million units, or slightly higher, compared to its original assumption of 114 million units. Meanwhile, product development, marketing and administrative costs are now expected to be $335 million, the company said.

Seagate Technology is engaged in the design, manufacture and marketing of hard disc drives. Hard disc drives, which are referred to as disc drives or hard drives, are used as the primary medium for storing electronic information in systems ranging from desktop and notebook computers, and consumer electronics devices to data centers delivering information over corporate networks and the Internet.

It produces a range of disc drive products addressing enterprise applications, where its products are used in enterprise servers, mainframes and workstations; desktop applications, where its products are used in desktop computers; mobile computing applications, where its products are used in notebook computers, and consumer electronics applications, where its products are used in a variety of devices, such as digital video recorders, gaming devices and other consumer electronic devices that require storage. It also sells its branded storage solutions under the Seagate and Maxtor brands.

In today’s daily chart, STX’s Bollinger Bands indicate a relatively stable condition as reflected by tighter than normal band width. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD currently reflects weak bearish signal, with the indicator above the critical level of 0 but has crossed below its 9-day signal line, indicating that positive momentum has begun to slow. With share prices currently above the stock’s 13-day moving average, a bullish trend is indicated. Also, a rising moving average signals that there has been buying interest in this stock.

TIBCO Software Inc. (Nasdaq: TIBX) Stock Alert – TIBX Shares Up as Co. Almost Triples Q2 Profit

Despite a tough market, TIBCO Software Inc. (Nasdaq: TIBX) recently posted higher quarterly earnings. For its second fiscal quarter, which ended on May 31, 2009, TIBCO posted profit of $10.1 million, or 6 cents a share, up from $3.5 million, or 2 cents a share, in the year-ago period.

Excluding special items such as stock-based compensation and amortization of acquired intangible assets, the company said it would have posted profit of $19 million, or 11 cents per share. Revenue fell to $142.7 million from $150 million last year, but the company trimmed its total operating expenses to $88.8 million from $100.4 million.

Analysts expected income of 9 cents per share on revenue of $139.3 million, according to a poll by FactSet Research.

Following the company’s higher than expecting earnings report, Jefferies & Co. analyst Katherine Egbert her revenue forecast slightly for the current quarter, but noted that billings were down 10% and said growth prospects are limited. In a note to clients, Egbert wrote, “We remain on the sidelines on shares of (Tibco) given the uncertainty around sustainable growth in its market.”

On a more positive side, Tim Klasell at Thomas Weisel raised his price target from $7 to $8, saying the company’s guidance is conservative. According to Klasell, it is encouraging that customers appear to be shifting their focus from cost savings to revenue growth.

TIBCO provides a range of infrastructure software solutions that help organizations achieve the benefits of real-time business. The infrastructure software gives customers the ability to connect incompatible information technology assets in a service-oriented architecture and streamline activities through business process management.

The company also gives customers the information and intelligence tools they need to make decisions, known as The Power of Now. TIBCO offers a range of software products that can be sold individually to solve technical challenges. The services offered by the company include professional services, maintenance and support, and training. In September 2008, the company acquired Insightful Corp., a provider of statistical data analysis and data mining solutions software.

In today’s daily chart, TIBX’s Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading near its upper Bollinger Band, the stock suggests high price relative to its recent price action. MACD reflects a strong bullish signal, with the indicator above the 9-day moving average signal line, and also above the 0 level, indicating that moving averages are trending higher.

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