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Sneak Peak Ahead Of The Open

Posted on 04/08/2007 23:31 PM | Link | Post Comment
Here is what's Bloomberg had for its equity preview on Sunday night:

April 8 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges tomorrow. The market was closed for Good Friday. This preview includes news that broke after exchanges closed on April 5. Stock symbols are in parentheses after company names.

Allianz SE (AZ US): Shares of Europe's largest insurer may reach 195 euros ($260.89) each as it consolidates operations and focuses on emerging markets, Barron's reported, citing Bear Stearns analyst Paul Goodhind. Allianz American depositary receipts, which each represent 1/10th of an ordinary share, rose 14 cents to $21.31 on April 5.

Burlington Northern Santa Fe Corp. (BNI US): Warren Buffett's Berkshire Hathaway Inc. has acquired a 10.9 percent stake in the second-largest U.S. railroad, according to Securities and Exchange Commission filings, making the billionaire's company the largest holder. The stock rose $1.03 to $82.72.

Citigroup Inc. (C US): Damian Kozlowski, the top private- banking executive of the world's biggest financial services group by market value, left the company following a shakeup by new wealth-management head Sallie Krawcheck. Shares of Citigroup gained 21 cents to $51.57.

Daktronics Inc. (DAKT US) fell $5.30, or 19 percent, to $22.61 in trading after the official close of U.S. exchanges. The maker of electronic scoreboards and displays forecast earnings of 6 cents to 10 cents a share for the fiscal fourth quarter, missing the company's earlier prediction of as much as 19 cents.

Gannett Co. (GCI US): Shares of the largest U.S. newspaper publisher may reach $65 if it uses its free cash to boost its dividend, Barron's reported, citing Credit Suisse analyst Debra Schwartz. Gannett stock fell 22 cents to $55.97 on April 5.

Hologic Inc. (HOLX US) fell $1.56, or 2.6 percent, to $58.40 in extended trading. The maker of medical-imaging equipment for diagnosing women's diseases was placed ``on the block' by Jim Cramer of CNBC's ``Mad Money.' He said the company has grown fast and is now overpriced.

Jackson Hewitt Tax Service Inc. (JTX US): The second-largest U.S. tax preparer said it started an internal review of allegations against a franchise after the Justice Department said it would sue over the submission of fraudulent tax returns. Shares of Jackson Hewitt declined 41 cents to $28.70.

PetSmart Inc. (PETM US): Shares of the largest U.S. pet supply retailer may reach $40 in the next year as it opens more pet hotels, Barron's reported, citing Ken Stuzin, manager at shareholder Brown Investment Advisory & Trust Co. PetSmart stock rose 49 cents to $33.62 on April 5.

Spartan Motors Inc. (SPAR US) increased $1.36, or 5.3 percent, to $26.86 in trading after the official close of U.S. exchanges. The maker of vehicle chassis was recommended by Cramer on his television program because its emergency, military and recreational vehicle divisions are poised for growth.

VaxGen Inc. (VXGN US): The company, which cut half its workers after losing a contract to make anthrax vaccine, said it's receiving $11 million in a settlement with the U.S. government over the lost revenue. The stock rose 5 cents to $1.80.

WCI Communities Inc. (WCI US) fell $1.60, or 7.4 percent, to $20 in extended trading. The company's directors recommended shareholders reject billionaire Carl Icahn's $955.9 million tender offer for the Florida single-family and condominium homebuilder, saying the bid was ``inadequate.'

WD-40 Co. (WDFC US) gained $2.89, or 9 percent, to $34.78 in extended trading. The maker of lubricants and hand soap said it earned 52 cents a share for the fiscal second quarter. Analyst Jeffrey J. Zekauskas at J.P. Morgan Securities had estimated profit of 48 cents.
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