CYT Short under $47.00
ECL Short under $48.60
THQI Over $4.40
TWI Over $16.10 or $16.20
USU Over $5.65
WU Over $18.60
WG Short under $8.50
DRN Short under $52.40
Selected expected U.S. earnings releases for Wednesday
(Consensus Estimates vs. Last Year)
Advance Auto Parts (NYSE: AAP) Q3 $0.90 vs. $0.69
Cisco Systems (NASDAQ: CSCO) Q1 $0.40 vs. $0.36
Tandy Brands Accessories (NASDAQ: TBAC) Q1 $0.24 vs. $ – 0.36
ZAGG Incorporated (NASDAQ: ZAGG) Q3 $0.13 vs. $0.04
Tesla Motors, Inc. (TSLA) announced its preliminary unaudited financial results for the quarter ended September 30, 2010. Revenues for the third quarter of 2010 were $31.2 million, compared to $45.5 million in the year earlier period. The company posted a net loss of $34.9 million or 38 cents a share in the quarter, down from $4.6 million or 66 cents in the year ago period.
China New Borun (BORN) reversed opening gains and dived 10% in heavy trading. The reversal erased nearly all of Monday’s work. The stock is still trading above its 10-week moving average.
The alcohol producer announced that two of its board members resigned. China New Borun reports earnings on Nov. 16. Analysts see profit rising 17% to 35 cents a share. China New Borun had previously delivered four straight quarters of triple-digit growth.
Zhongpin (HOGS) gapped down and tumbled 7% in nearly triple its average volume. The Chinese pork producer reported Q3 earnings and sales below views and got hit with a downgrade. Zhongpin now sits 16% off its record high, reached Thursday.
Perrigo (PRGO) reversed lower, dropping 7% and slicing its 50-day moving average. But the stock trimmed losses after nearly hitting its 200-day line. The maker of generic drugs fell in sympathy with Teva Pharmaceuticals (TEVA).
A court blocked Teva from selling a generic version of the brain cancer treatment Temodar, which is made by Merck (MRK). Teva lost a fraction.
Silver Wheaton (SLW) reversed from a new high and shed 7%. Volume swelled to nearly 35 million shares — the busiest in years. Silver prices reversed from a 30-year high. The Chicago Mercantile Exchange is raising margins on silver future contracts.
Ebix (EBIX) turned a 7% gain into a 4% loss. Shares turned tail despite the software provider beating views with a 72% jump in Q3 earnings and a 43% rise in sales.
On the upside, Priceline (PCLN) gapped up and gained 8% in nearly triple its average volume. But the stock closed near session lows. Late Monday, the online travel services provider smashed expectations with a 54% rise in Q3 earnings and a 37% rise in sales. The stock has gained 39% since clearing a 302.08 buy point from a rare short-stroke pattern on Aug. 17.
After the close, 51job (JOBS) fell 3% despite delivering Q3 results above views.
Top-rated stocks reporting earnings Wednesday include Advance Auto Parts (AAP), Home Inns & Hotels Management (HMIN), Macy’s (M) and Maidenform Brands (MFB).