Wall Street launched into the green this morning as investors gained confidence on Bank of America’s ability to raise capital; today’s market movers had mixed results, many of them securing significant gains in the early trading session.
Today’s Stock Alerts include: Hewlett-Packard Co. (NYSE: HPQ), Analog Devices Inc. (NYSE: ADI), Advanced Life Sciences Holdings (OTCBB: ADLS), Apple Inc. (Nasdaq: AAPL), Oracle Corp. (Nasdaq: ORCL) and Geovax Labs Inc. (OTCBB: GOVX).
Hewlett-Packard Co. (NYSE: HPQ) Stock Alert – HPQ Offers Downbeat Full-year Revenue Guidance; announces Additional Cut in Workforce
Shares of Hewlett-Packard Co. (NYSE: HPQ) shares fell 3.61% this morning, trading at $35.25. The Palo Alto, Calif.-based technology company’s shares were affected by its 17% drop in earnings and revenue guidance for fiscal 2009. H-P, the second-largest IT services company and No. 2 maker of servers, still expects an adjusted profit of $3.76 to $3.88 a share, but now expects revenue to fall 4% to 5%.
Hurt by lighter sales in personal computers and printer ink, the company just posted a 17% drop in profit for the second quarter ended April 30. Net revenue came in at $27.4 billion, down 3% from a year earlier and up 3% when adjusted for the effects of currency.
Contrasting the overall tech sector’s optimism that the IT industry is on its way back ukp, CFO Cathie Lesjak said it’s still “too tough to call” whether PC sales have hit a bottom. The company projects PC sales to be “flat to slightly higher” for the rest of the year.
According to Gartner analyst Dave Cearley, HP tends to be conservative with its guidance. “There are signs that things are starting to bottom out, and companies are starting to loosen some of their purse strings. IT spending is opening up,” Cearley stated in a press release.
“We see some encouraging signs, and we saw some slight improvements with the U.S. consumer,” said HP CEO Mark Hurd in a statement. However, Hurd warned he hasn’t seen the tech industry emerge from its painful slump. “I’m not ready to call it better,” he said.
Looking to save costs, the company confirmed it will cut an additional 2% of its work force, or more than 6,000 jobs, over the next year.
HP is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including the public and education sectors.
Its offerings span personal computing and other access devices; imaging and printing-related products and services; enterprise information technology infrastructure, including enterprise storage and server technology and software that optimizes business technology investments, and multi-vendor customer services, including technology support and maintenance, consulting and integration and outsourcing services, as well as application services and business process outsourcing.
During the fiscal year ended October 31, 2008, its operations were organized into seven business segments: Enterprise Storage and Servers, HP Services, HP Software, the Personal Systems Group, the Imaging and Printing Group, HP Financial Services and Corporate Investments.
In its recent chart, HPQ 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. With share prices currently above the stock’s 13-day moving average, an indication of a bullish trend is generally considered.
Analog Devices Inc. (NYSE: ADI) Stock Alert – ADI Sees Q3 2009 Earnings above Analysts’ Estimates
Devices Inc. (NYSE: ADI) shares surged 14.77% to $23.63 this morning. The company is engaged in the designing, manufacturing and marketing of analog, mixed-signal and digital signal processing integrated circuits (ICs) used in industrial, communication, computer and consumer applications.
The Norwood, Mass.-headquartered company expects diluted earnings per share from continuing operations to be approximately 17 cents to 19 cents for the third quarter of 2009, topping analysts’ expectations of 11 cents.
“Orders to ADI and our distributors recovered significantly in the second quarter, as customer inventory reductions subsided. Our book-to-bill ratio for the second quarter, as measured by end customer bookings, was slightly above one for the first time since the third quarter of fiscal 2008, and our third quarter opening backlog was up from last quarter,” said president and CEO Jerald G. Fishman.
“In addition, order levels were stable throughout the second quarter and have remained at these levels through the first two weeks of May. Nevertheless, our lead times remain short and we are still receiving a significant portion of new orders as turns orders, thereby limiting visibility,” continued Fishman.
On Tuesday, shares of the semiconductor equipment maker were driven higher after the company posted stronger-than-expected quarterly results, attributed cost-cuts and strong sales to telecommunications infrastructure customers.
Analog Devices’ products are used in communications applications that include wireless handsets and wireless base stations, as well as products used for high-speed access to the Internet, including central office networking equipment. The company’s products are also used in consumer electronics, such as digital cameras and camcorders, flat-panel and plasma digital televisions, video game applications, and surround sound audio systems; and personal computers and network servers.
In its recent chart, ADI’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. With share prices currently below the stock’s 13-day moving average, an indication of a bearish trend is generally considered. Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend.
Advanced Life Sciences Holdings (OTCBB: ADLS) Stock Alert – FDA to Discuss New Drug Application (NDA) for Cethromycin
Shares of Advanced Life Sciences Holdings (OTCBB: ADLS) climbed 1.87% to $1.09 this morning. The company is focused on the discovery, development and commercialization of drugs in the areas of infectious disease, oncology and respiratory disease. On September 30, 2008, the company submitted a new drug application for the use of cethromycin in community acquired pneumonia.
Advanced Life Sciences reportedly entered into debt and equity financing agreements to strengthen its balance sheet and help fund commitments associated with the NDA submission and pre-commercialization activities.
An FDA meeting is reportedly scheduled to discuss the NDA for cethromycin on June, 2, 2009, bolstering ADLS stock amid anticipation that the drug will be approved soon. The anticipated Prescription Drug User Fee Act date of the NDA is set for July 31, 2009.
Report has it that Woodridge, Ill.-based biopharmaceutical company will receive a $30 million milestone payment from Abbott within 20 days, if the drug is approved. It can be noted that the company has a worldwide license (excluding Japan) from Abbott Laboratories to develop and commercialize cethromycin.
Advanced Life Sciences has assembled a pipeline of clinical and preclinical product candidates. Its products under preclinical studies also include product candidates derived from the company’s natural products-based chemistry platform. The company has collaborations and license agreements with Wyeth Pharmaceuticals, University of Illinois at Chicago, Baxter International, National Institute of Allergy and Infectious Diseases, and Defence Science and Technology Laboratory of the United Kingdom.
In its recent chart, ADLS’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 reflects 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. 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.
Apple Inc. (Nasdaq: AAPL) Stock Alert – AAPL Shares Bolstered amid Anticipation of iPhone Software 3.0 Launch
Shares of Apple Inc. (Nasdaq: AAPL) climbed .98% this morning, trading at $128.70. Apple designs, manufactures and markets personal computers, portable digital music players, and mobile communication devices and sells a variety of related software, services, peripherals and networking solutions.
Apple is reportedly set to launch iPhone Software 3.0 in June. The new operating system is a major software release packed with incredible new features and innovations for iPhone customers and developers alike, according to Philip Schiller, Apple senior vice president of Worldwide Product Marketing.
Seeing the new operating system and the new phone it will run on as big sellers, thrilled investors have already pushed the AAPL shares up 44% this year.
According to one report, the new operating system will likely to enable micro-transactions within apps. BMO Capital Markets analyst Keith Bachman said it will add to iPhone’s appeal and sustainable competitive advantage.
Apple sells its products worldwide through its online stores, its retail stores, its direct sales force, and third-party wholesalers, resellers, and value-added resellers. In addition, the company sells a variety of third-party Macintosh (Mac), iPod and iPhone compatible products, including application software, printers, storage devices, speakers, headphones, and various other accessories and peripherals through its online and retail stores, and digital content through the iTunes Store.
It sells to consumer, small and mid-sized business (SMB), education, enterprise, government and creative customers.
In its recent chart, AAPL 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. With share prices currently above the stock’s 13-day moving average, an indication of a bullish trend is generally considered.
Oracle Corp. (Nasdaq: ORCL) Stock Alert – ORCL Unveils Smart Grid Software
Oracle Corp. (Nasdaq: ORCL) shares climbed 1.74% this morning, trading at $19.30. The company recently introduced its smart grid software, an end-to-end software offering mission-critical applications and back-end technology infrastructure.
According to the press release, the products are designed to support utilities as they work to optimize the value of their smart grid components today while advancing toward a complete smart grid build out that leverages advances in IT, communications technology and energy technology to improve delivery utilization/resilience and empower consumers to address environmental concerns, the report said.
Quentin Grady, senior vice president and general manager, Oracle Utilities, commented, “As utilities move toward leveraging the power of the smart grid, Oracle is prepared to support the industry with the tools they need to manage operations agilely and communicate rapidly with consumers for maximum efficiency. The flexibility and scalability of our smart grid software, as well as Oracle’s broad software offering, enable both immediate benefits now and an easier transition to a full smart grid architecture in the future.”
Newton-Evans Research Company president Chuck Newton said Oracle’s end-to-end solution – from back-end database to mission-critical applications – can help support both the ‘traditional’ IT computing requirements and the operational computing requirements of electric utilities as they take the first steps.
Oracle develops, manufactures, markets, distributes and services database and middleware software, as well as applications software that help organizations to manage their businesses. Oracle Utilities integrates industry-specific customer care and billing, network management, work and asset management, mobile workforce management and meter data management applications with the capabilities of Oracle’s industry-leading enterprise applications, business intelligence tools, middleware and database technologies.
Oracle is organized into two businesses: software and services. These businesses are further divided into five operating segments. Its software business consists of two operating segments, new software licenses, and software license updates and product support. Its services business consists of three operating segments, consulting, On Demand and education.
The company’s software business represented 80% of its total revenues and its services business represented 20% of total revenues during the fiscal year ended May 31, 2008 (fiscal 2008). In June 2008, the company announced the formation of a Global Business Unit focused on software applications for the health sciences industry.
In its recent chart, ORCL’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. With share prices currently above the stock’s 13-day moving average, an indication of a bullish trend is generally considered.
Geovax Labs Inc. (OTCBB: GOVX) Stock Alert – GOVX Exhibits at the 2009 BIO International Convention
Geovax Labs Inc. (OTCBB: GOVX) shares climbed 1.39% to 37 cents this morning. Geovax is engaged in research and development activities to develop, license and commercialize the manufacture and sale of human vaccines for diseases caused by human immunodeficiency virus (HIV) and other infectious agents.
Harriet Robinson PhD, vice president of research and development, and developer of the GeoVax vaccine, is hosting an HIV vaccine panel discussion at the 2009 BIO International Convention, a global event for biotechnology.
This year’s event, which runs from May 18 to 21, is also attended by GeoVax president and CEO Robert McNally Ph.D. and CFO Mark Reynolds.
According to the company, it is looking forward to sharing with interested partners, investors and media its progress in clinical trials during the last six months and its strategy for the future.
The Atlanta-based clinical stage biotechnology company has licensed from Emory University certain acquired immune deficiency syndrome (AIDS) vaccine technology, which was developed in collaboration with the National Institutes of Health, and the Centers for Disease Control and Prevention.
In its recent chart, GOVX’s Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading at its upper Bollinger Band, the stock reflects 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. 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.
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