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The Day's Winners

Shares of power company

AES

(AES) - Get Free Report

were climbing 27% to $4.49 after the company said Tuesday that it would sell its part of AES NewEnergy, a commercial energy services company, to

Constellation Energy Group

(CEG)

for $240 million. AES said the move will strengthen its balance sheet and improve its credit quality, and the company added that the selling price was near its total investment in the energy concern to date.

Chattem

(CHTT)

, which makes Gold Bond Medicated Powder and Dexatrim weight loss pills, among other products, tacked on 9% to $33.20 after the company raised its second-quarter guidance, saying its results would be above the consensus estimate. The company now sees earnings of 56 cents to 58 cents a share, up from 38 cents in the year-ago quarter and above the previous forecast of 48 cents to 50 cents. Analysts had been expecting 50 cents.

Maytag

(MYG)

was gaining 9% to $45.88 after the company upped its second-quarter and full-year guidance. Maytag now expects second-quarter pro forma earnings of 85 cents a share, up from previous guidance of 75 cents and the consensus estimate of 72 cents, and full-year earnings of $3.10 a share, up from the earlier forecast of $2.80. The company said it has seen better-than-anticipated sales in April and May and has shifted its focus to higher-end products, causing some market share erosion. Maytag sees full-year sales up 15% over 2001.

Puerto Rican Cement

(PRN) - Get Free Report

jumped 56% to $34.75 on news that it would be acquired by Mexico's

Cemex

(CX) - Get Free Report

for $180 million, or $35 a share in cash, almost a $13 premium to PRCC's Tuesday closing price of $22.20. Cemex will assume PRCC's $70 million in debt, making the total transaction worth about $250 million. The deal is expected to close by the third quarter.

Vestcom International

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rose 41% to $5.85 after the company, which provides communication and marketing services, said it has agreed to be acquired by Conerstone Equity Investors for $75 million, including the assumption of Vestcom's outstanding debt. The $6.25 a share purchase price represents a 51% premium to Vestcom's Tuesday close of $4.15.

The Day's Losers

CMGI

(CMGI)

was dropping 11% after the company posted a third-quarter operating loss on lower-than-expected results at its Engage and uBid subsidiaries. The Internet software and services company said it lost $54.5 million, or 14 cents a share, on an operating basis in the quarter. On a GAAP basis, the company lost $125 million. The stock, which at one time soared past $100 a share, fell to 55 cents.

Columbus McKinnon

(CMCO) - Get Free Report

was down 20% to $7.30 after the company announced plans to offer 5.25 million shares to help reduce its debt load. The handling product manufacturer will sell 5 million shares, with a stockholder offering the other 250,000. The company said it will use the proceeds to pay down debt under its reduced credit facility.

Innovex

(INVX)

dropped 22% to $4.06 after the company lowered its third-quarter revenue guidance. The company, which makes electronic devices, said it expects revenue in the range of $30 million to $32 million for the quarter, below the previous estimate of $37 million. Innovex blamed the shortfall on soft demand and lower-than-expected IT spending during the month.

Technology-based agricultural company

Monsanto

(MON)

shed 8% to $24.70 on lowered second-quarter, full-year, and 2003 guidance as its Latin American business continued to struggle with economic and market uncertainties. Monsanto also said it had established a reserve fund of $120 million to $150 million to cover any uncollectable accounts in Argentina.

Shares of

NIC

(EGOV) - Get Free Report

, the Web-based government services provider, plunged 31% to $2.19 after the company said it would report a second-quarter loss before interest, taxes, depreciation and amortization of $4 million to $5 million on revenue of $12.9 million. The company had previously forecast positive EBITDA for the quarter. NIC reiterated its guidance for full-year EBITDA in the range of $11 million to $13 million.