Stocks to Watch: Caminus Skids, Paradigm Geophysical Jumps - TheStreet

Winners

Supermarket chain

Albertson's

(ABS)

was up 7% to $34.44 after the company said it would spend $1 billion in the next three years to remodel stores and build new locations in Southern California. The announcement comes a day after the company raised its first-quarter guidance.

Hormel Foods

(HRL) - Get Report

was rising almost 4% to $25.12 after Credit Suisse First Boston raised its rating on the food producer to buy from hold.

Paradigm Geophysical

(PGEO)

, a provider of information technology and services to the oil and gas exploration and production industry, agreed to be acquired by a company controlled by buyout firm Fox Paine. The deal values Paradigm Geophysical at $100 million, or $5.15 a share. Paradigm was recently gaining 12% to $5.02.

Penn National Gaming

(PENN) - Get Report

was climbing 11% to $35.30 after the casino operator declared a 2-for-1 split. The additional shares will be distributed June 25 to shareholders of record June 4.

Losers

Bookseller

Borders

(BGP)

was down 9% to $21.48 a day after the company posted its quarterly results and offered an outlook for the rest of the year. The company earned 5 cents a share in the first quarter, a penny ahead of estimates. Borders also said earnings for the second quarter and full year would be basically in line with estimates.

Caminus

(CAMZ)

, a provider of software and consulting services to energy companies, was losing 15% to $9.29 after First Albany downgraded it to neutral from buy.

Fashion house

Polo Ralph Lauren

(RL) - Get Report

reported quarterly earnings that came in better than expected, though flat compared with last year, and the company's shares fell 6% to $26.99. The company said it earned 48 cents a share, beating the consensus estimate of 44 cents. The company said that sales in Europe were strong, but that price cuts at U.S. department stores hurt margins.