This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Early Stocks in Motion

Get Jim Cramer's picks for 2006.

Sirius (SIRI - Get Report) was higher Thursday after brokerage Morgan Joseph predicted the company would report year-end subscribers of 3.3 million. On Tuesday, the company said it had already surpassed the 3 million subscriber mark and expected the year to finish strong. Morgan Joseph put net new subscriber additions at 1.1 million for the fourth quarter. Sirius was recently up 3 cents to $6.78.

Alkermes (ALKS) and Cephalon (CEPH) said the Food and Drug Administration issued an approvable letter for Vivitrol. The drug is currently under review for the treatment of alcohol dependence and is used with a program of psychosocial support. Both companies will continue to prepare for the launch of Vivitrol during the second quarter of 2006. Shares of Alkermes were up 86 cents, or 4.83%, to $18.65 after hours, while Cephalon was down 66 cents, or 1.02%, to $64.01.

Kona Grill (KONA - Get Report) reiterated its fourth quarter earnings forecast and provided guidance for fiscal 2006. For the fourth quarter, the company expects to report results ranging from breakeven to a loss of 5 cents a share on sales of $9.6 million to $10.6 million. Analysts surveyed by Thomson First Call expected a profit of 3 cents a share on sales of $10.5 million. For fiscal 2006, Kona expects to report a loss of 44 cents to 53 cents a share on revenue of $49 million to $51 million, compared with previous guidance of a loss of 26 cents to 35 cents a share on sales of $53 million to $55 million. Shares of Kona were unchanged at $8.75.

Shares of Innovative Solutions & Support (ISSC - Get Report) rose 3.2% after the company announced that its board has authorized a share buyback of 2 million shares. The program will remain in effect until June 30, 2006. The stock was up 38 cents to $12.18.

Cherokee International (CHRK) said it now expects revenue growth for the fourth quarter in the mid-to-high teens, compared with its previous estimate of mid-teen revenue growth. "We continue to see strength in our server and storage markets along with higher levels of demand from our telecom accounts in Europe," said Jeffery M. Frank, president and CEO of Cherokee International. The stock was up 33 cents, or 8.2%, to $4.35 in after-hours trading.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs