Archive for December, 2010

InterDigital, Inc. (NASDAQ: IDCC) Shares Climbs New High after OPIN Agreed To Provide Optimization Software

Friday, December 31st, 2010

InterDigital, Inc. (NASDAQ:IDCC) spike up by 9.06% to trade close at $42.63 after Option NV (OPIN) entered into an agreement with InterDigital Communications, LLC, a subsidiary of InterDigital, Inc. to provide software & development services.

Shares of the Interdigital stock made its new 52 week high of $42.76, its 52 week low being $22.30 after opening at $40.99 and touching the intraday low of $40.61 with volume of 2.92 million shares traded. Currently, the market capital of the stock stands at $1.89 billion with P/E of 12.21 and corresponding beta of 0.67. The stock is currently trading above its 50 day & 200 day moving average of $35.20 & $28.98 respectively with total outstanding shares of 44.32 million, of which 43.78 million shares are floating.

As per the agreement, the company will pay minimum of $1.5 million to OPIN after both the companies agreed to enter into agreement under which OPIN will provide software and development services to InterDigital in connection with Option’s uCAN® Connect software platform. OPIN will also support InterDigital’s integration of the uCAN Connect software into specific development projects.

The above agreement is considered beneficial for both the parties involved. Through this agreement OPIN further commercially develops one of its strategic pillars, “Software & Services” and IDCC will have access to Option’s uCAN bandwidth management software.

On Dec 13, the company announced the approval of its initial dividend policy. The company said that it will pay a regular quarterly cash dividend of $0.10 per share on its common stock. The company’s board declared the first quarterly cash dividend to be payable on February 2, 2011, to shareholders of record of the company’s common stock at the close of business on January 12, 2011.

InterDigital, Inc. (InterDigital) designs and develops advanced digital wireless technologies for use in digital cellular and wireless IEEE 802-related products and networks.

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Bulls Win Again 2010; Markets Up For The Year

Friday, December 31st, 2010

U.S. stocks ended 2010 with strong gains, advancing for the second year in a row, as stimulus measures from the Federal Reserve and the government and recent signs of improvement in the economy encouraged investors’ spirits. The Dow Jones Industrial Average DJIA closed the year at 11,577.51 on Friday, up 7.8 points for the session, and less than 10 points below a two-year high it reached on Wednesday. The Dow jumped 5.2% in December and is up 11% for the year. The S&P 500 index (SPX) closed the year at 1,257.64 on Friday. The broad index still jumped 6.5% for the month and is up 12.8% in 2010. The Nasdaq Composite (COMP) closed the year at 2,652.87 Friday, leaving it with 6.2% advance in December and a 16.9% gain for the year.

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Ultrapetrol Limited (NASDAQ: ULTR) Slumps 20%

Friday, December 31st, 2010

Shares of Ultrapetrol (Bahamas) Limited (NASDAQ:ULTR) tumbles 19.87% on Monday after the company announced its intention to sell Convertible Senior Notes.

This morning, the company said that it would sell $60.0 million aggregate principal amount of its Convertible Senior Notes due 2017 (the “Notes”).

So far this year, the stock has  soared over 29% and outperformed the wider market. The stock has a 52-week range of $4.05-$7.92. The stock has a beta of 2.18.

Ultrapetrol (Bahamas) Limited is an industrial shipping company serving the marine transportation needs of clients in the geographic markets. It serves the shipping markets for grain, forest products, minerals, crude oil, petroleum, and refined petroleum products, as well as the offshore oil platform supply market through its operations in three segments of the marine transportation industry: River Business, Offshore Supply Business and Ocean Business.

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Darden Restaurants, Inc. (NYSE: DRI) Is All Set To Report Earnings

Friday, December 31st, 2010

Darden Restaurants, Inc. (NYSE:DRI) is all set to set to report its fiscal second-quarter results after the market closes today. Analysts are estimating the company to report double digit growth in its Bottomline and single digit frowth in its Topline.

The consensus for DRI is to earn 54 cents a share and revenue is expected to grow 5.30% year-on-year at $1.73 billion. In a year ago quarter, the company had reported 43 cents a share and revenue of $1.64 million.

In the past four quarters, the company had been able to beat the Wall Street’s estimates in three quarters.

So far this year, the stock has outperformed the wider market and risen about 43%. Today, it is trading up 0.80% at $50.27. The stock has a 52-week range of $33.00-$50.83.

Darden Restaurants, Inc. (Darden) operates full-service restaurant. As of May 30, 2010, the Company operated through subsidiaries 1,824 restaurants in the United States and Canada.

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Industrial Good Stocks Alert (LEN, MTW, KBH, MAS)

Friday, December 31st, 2010

Lennar Corporation (NYSE:LEN) surged 0.70% to $18.74. Lennar Corporation is a homebuilder and a provider of financial services.

The stock has average daily volume of 4.32 million shares. At current market price, the market capitalization of the company stands at $3.47 billion.

Manitowoc Company, Inc. (NYSE:MTW) added 1.24% to $13.04. Over the past five trading sessions, the stock fell almost 1% and went up almost 2% year-to-date.

The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer. It operates in two markets: Cranes and Related Products (Crane) and Foodservice.

KB Home (NYSE:KBH) surged 0.45% to $13.51. The stock has average daily volume of 2.70 million shares. At current market price, the market capitalization of the company stands at $1.19 billion.

Masco Corporation (NYSE:MAS) fell 0.39% to $12.78. The stock opened at $12.81 and is trading within the range of $12.73-$12.89.

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Drug Stocks Trading Mixed (MRK, PIP, CTIC, ANPI)

Friday, December 31st, 2010

Merck & Co., Inc. (NYSE:MRK) surged 0.50% to $36.19. Merck & Co., Inc. is a global health care company that delivers health solutions through its medicines, vaccines, biologic therapies, and consumer and animal products, which it markets directly and through its joint ventures

The stock has average daily volume of 14.32 million shares. At current market price, the market capitalization of the company stands at $111.50 billion.

PharmAthene, Inc. (AMEX:PIP) jumped 5.01% to $4.19. Over the past five trading sessions, the stock gained more than 7% and went up more than 5% year-to-date.

PharmAthene, Inc. is a bio defense company engaged in the development and commercialization of medical countermeasures against biological and chemical weapons.

Cell Therapeutics, Inc. (NASDAQ:CTIC) slid 0.48% to $0.370. The stock has average daily volume of 2.66 million shares. At current market price, the market capitalization of the company stands at $301.63 million.

Angio tech Pharmaceuticals, Inc. (USA) (NASDAQ:ANPI) soared 6.57% to $0.324. The stock opened at $0.34 and is trading within the range of $0.30-$0.34.

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Basic Material Stocks To Watch (Thompson Creek Metals, TCK, GMO, COP)

Friday, December 31st, 2010

Thompson Creek Metals Company, Inc. (NYSE:TC) gained 1.63% to $14.96. Thompson Creek Metals Company Inc. is a molybdenum mining company with vertically integrated mining, milling, processing and marketing operations in Canada and the United States.

The stock has average daily volume of 1.90 million shares. At current market price, the market capitalization of the company stands at $2.46 billion.

Teck Resources Limited (NYSE:TCK) added 1.87% to $62.04. Over the past five trading sessions, the stock added more than 7% and surged almost 2% year-to-date.

Teck Resources Limited, formerly Teck Cominco Limited, is engaged in mining and related activities, including exploration, development, processing, smelting and refining.

General Moly, Inc. (AMEX:GMO) fell 1.35% to $6.59. The stock has average daily volume of 1.28 million shares. At current market price, the market capitalization of the company stands at $478.38     million.

ConocoPhillips (NYSE:COP) surged 0.47% to $68.33. The stock opened at $67.93 and is trading within the range of $67.83-$68.50.

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Consumer Good Stock Movers (ADM, CROX, GMCR, CAG)

Friday, December 31st, 2010

Archer Daniels Midland Company (NYSE:ADM) added 0.33% to $30.00. Archer Daniels Midland Company is principally engaged in procuring, transporting, storing, processing, and merchandising agricultural commodities and products.

The stock has average daily volume of 4.95 million shares. At current market price, the market capitalization of the company stands at $19.17 billion.

Crocs, Inc. (NASDAQ:CROX) lost 1.66% to $17.17. Over the past five trading sessions, the stock went up more than 3% and fell almost 2% year-to-date.

Crocs, Inc. is a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear for men, women, and children.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) gained 1.10% to $33.15. The stock has average daily volume of 4.73 million shares. At current market price, the market capitalization of the company stands at $4.41 billion.

ConAgra Foods, Inc. (NYSE:CAG) fell 0.22% to $22.58. The stock opened at $22.60 and is trading within the range of $22.50-$22.65.

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Consumer Good Stocks Mixed (XRX, QTWW, The Procter & Gamble, Eastman Kodak)

Friday, December 31st, 2010

Xerox Corporation (NYSE:XRX) surged 0.61% to $11.55. Xerox Corporation provides a portfolio of document systems and services for businesses of any size.

The stock has average daily volume of 8.32 million shares. At current market price, the market capitalization of the company stands at $16.01 billion.

Quantum Fuel Systems Technologies (NASDAQ:QTWW) added 2.81% to $0.435. Over the past five trading sessions, the stock jumped more than 9% and gained more than 3% year-to-date.

Quantum Fuel Systems Technologies Worldwide, Inc. is an integrated alternative energy company engaged in the development and production of advanced clean propulsion systems, and renewable energy generation systems and services.

The Procter & Gamble Company (NYSE:PG) slid 0.17% to $64.17. The stock has average daily volume of 9.28 million shares. At current market price, the market capitalization of the company stands at $182.14 billion.

Eastman Kodak Company (NYSE:EK) fell 1.00% to $5.47. The stock opened at $5.52 and is trading within the range of $5.45-$5.53.

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Utility Sector Stocks Alert (GEN, AES, DUK, EXC)

Friday, December 31st, 2010

RRI Energy, Inc. (NYSE:GEN) closed at $3.82. Gen On Energy, Inc. formerly RRI Energy, Inc., is a generator of wholesale electricity in the United States.

The stock has average daily volume of 8.09 million shares. At today`s closing market price, the market capitalization of the company stands at $1.35 billion.

The AES Corporation (NYSE:AES) ended at $12.20. The stock has a 52-week range of $8.82-$14.24.

The AES Corporation is a global power company.

Duke Energy Corporation (NYSE:DUK) closed at $17.80. The stock has a 52-week range of $15.47-$18.60.

The stock has average daily volume of 5.59 million shares. At today`s closing market price, the market capitalization of the company stands at $23.58 billion.

Exelon Corporation (NYSE:EXC) ended at $41.48. The stock has a 52-week range of $37.24-$49.88.

Exelon Corporation is a utility services holding company.

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