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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Tuesday's Late Winners & Losers

Most stocks picked up where they left off following Tuesday's regular-session slide, and leading the charge downward was a falling Apple (AAPL - Get Report).

In recent postclose trading, the computer maker's shares were sliding more than 11% after it predicted a fiscal second-quarter profit of 94 cents a share on sales of $6.8 billion. That would come in well under Thomson Financial's consensus estimate for $1.09 earnings on revenue of $6.98 billion. For the most recent quarter, the Cupertino, Calif., company creamed targets with income of $1.58 billion, or $1.76 a share, on a top line of $9.61 billion. Analysts had sought a bottom line of just $1.62 a share.

Still, shares were slipping $17.79 to $137.85.

Also sliding on disappointing guidance was Advanced Energy Industries (AEIS - Get Report), which sliced its top- and bottom-line guidance due to weak trends in the chipmaking industry, as well as order delays from some key clients. The company said fourth-quarter sales should total roughly $84 million, down at least $2 million from the prior outlook, which should pressure GAAP-based earnings to between 7 cents and 8 cents a share. Prior guidance had called for 12 cents to 14 cents a share. The Fort Collins, Colo.-based Advanced Energy was losing 9.3% to $10.

Similarly, Hawaiian clean energy company Hoku Scientific (HOKU) guided below the Street's views for the current quarter, expecting sales of just $600,000 to $1.2 million due to "uncertainty regarding the level and the timing" of solar-power installations. Analysts are looking for $1.3 million, on average. As for the fiscal third quarter, Hoku narrowed its loss by more than half vs. last year to $538,000, or 3 cents a share, beating projections by 7 cents. But shares gave up 7.6% to $8.50 in fairly thin trading.

Also on a downturn was Cleveland-based bank National City (NCC), which said it plans to sell $1 billion in convertible senior bonds due 2011 under a shelf registration that it filed this morning. The underwriter will have an option to buy another $150 million worth to cover any overallotments. Proceeds will go to paying off existing debt, among other things. Shares saw light, choppy trading before trailing off 5.2% to $14.50, in retreat from today's substantial regular-session gains.

On the other hand, Cree (CREE - Get Report) had some upside action after Durham, N.C., semiconductor-equipment maker posted non-GAAP continuing-operations income of $12.2 million, or 14 cents a share -- a 68% leap from last year, and 8 cents per share past the mean Street target. Sales, at $119 million, were also above par.

GAAP-based earnings, meanwhile, plummeted by some 60%. Cree shares were trading higher before recently sagging to a lightly-traded 2.1% loss at $25.10.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!
SYM TRADE IT LAST %CHG
AEIS $26.41 -0.41%
AAPL $130.42 1.26%
CREE $39.48 0.20%
FB $80.41 1.07%
GOOG $555.48 2.13%

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

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