Stocks to Watch: Jo-Ann Stores Rises, Reliant Resources Drops - TheStreet


American Greetings

(AM) - Get Report

was climbing more than 11% to $21.68 after the greeting card maker said it expects earnings of $1.45 to $1.55 a share for the full year, compared with a profit of $1.09 last year. For the first quarter, the company expects earnings, excluding a gain, of 40 cents to 45 cents a share, up from 29 cents a year ago.

Hanger Orthopedic


was gaining 7% to $11.90 ahead of the company's first-quarter earnings report. Hanger, a provider of orthotics and prosthetics patient care services, plans to release its results Monday.


(IMAX) - Get Report

was rising 15% to $5.73 a day after the company reported earnings of 32 cents a share for the first quarter. The owner of theaters with giant movie screens said earnings from continuing operations totaled 6 cents a share in the quarter, reversing a loss of 42 cents in the prior-year period.

Jo-Ann Stores

( JAS.A) was rising 8% to $24.99, a 52-week high, a day after the seller of fabric and crafts said April same-store sales increased 19.6%. The company also raised its guidance for the first quarter and full year.

Select Comfort


was up more than 7% to $5.46 after research firm Adams Harkness initiated coverage of the stock with a buy rating. Select Comfort, a maker of mattresses, hit a 52-week high of $5.74 earlier in the day.


Cooper Tire & Rubber

(CTB) - Get Report

was falling 14% to $21.97 on reports the tiremaker could face court sanctions for destroying evidence in a wrongful death lawsuit against the company.

Neose Technologies

(NTEC) - Get Report

was plunging 47% to $11 after the company said


( WYE) doesn't plan to continue clinical development of their compound, rPSGL-Ig, for myocardial infarction because of disappointing results in Phase II clinical trials. Neose said the decision wasn't related to the performance of its GlycoAdvance technology.

Reliant Resources


was falling 16% to $12.25 after the company canceled a $500 million debt placement that was priced Thursday. Reliant, in response to reports about



transactions involving simultaneous purchases and sales with the same counterparty at the same price, undertook a review of its own dealings. The company believes it had "similar transactions" and is working to quantify the amount and assess the impact of the arrangements. The company is a majority-owned unit of

Reliant Energy

(REI) - Get Report

, which for its part was falling 13% to $21.51.