Markets & Finance

Security Stocks Higher on London Blasts


IPIX Corp. (IPIX) are among security stocks trading higher in the wake of the London attacks.

Viisage Technologies (VISGE), Identix (IDNX), and Cogent (COGT) among indentification techology stocks higher following London blasts.

American International Group (AIG

, and other companies in the insurance industry likely to come under severe pressure as European markets plunge on 6 bombings in London's transportation system. Among other industries that could see selling: airlines, hotels, and oil.

British Airways (BAB) and other airlines are likely to come under pressure on London bombings.

Hilton Hotels (HLT) and other hotel and leisure names are indicated lower as European markets plunge on seven bombings in London's transportation system.

UBS Financial upgrades Amgen (AMGN) to buy from neutral.

Charles Schwab (SCH) was higher on what Charles Schwab told our reporter was rumors that HSBC Holdings (HBC) was supposedly interested in acquiring Charles Schwab, as well as positive brokerage comments.

Aeropostale (ARO) cuts 20 cents to 23 cents second-quarter earnings per share estimate to 16 cents to 19 cents and says June gross margins were below last year. The company posts 2% higher June same-store sales and 24% higher total sales. S&P keeps buy and Pacific Growth downgrades.

Guess (GES) posted 11% higher June same-store sales and 22% higher total sales.

AnnTaylor (ANN) posted a smaller-than-expected 1.2% decline in June sames-store sales. It posts 11% higher total sales.

Pepsi Bottling Group (PBG) posted 59 cents, vs. 53 cents second-quarter earnings per share on 7% higher revenues. It raises 2005 operating income growth estimate to 3% to 5%. It sees $1.82 to $1.88 2005 pro forma earnings per share (excluding an impact of the 53rd week).

May Department Stores (MAY) posted flat June same-store sales and 21% higher total sales.

J.C. Penney (JCP) posted 7.4% higher June comparable department store sales and 8.1% higher total department store sales. The company raises second-quarter earnings per share from continuing operations guidance to 35 cents to 40 cents from previous guidance of 25 cents to 30 cents.

Late Wednesday S&P downgraded shares of PacifiCare Health System (PHS) to hold from strong buy on confirmed reports the company agreed to be acquired by UnitedHealth Group (UNH) for $8.1 billion in cash, stock, or $80 per share.

Aeropostale (ARO) cuts 20 cents to 23 cents second-quarter earnings per share guidance to 16 cents to 19 cents. the company says gross margins for June were significantly below last year. It posts 2% higher June same-store sales and 24% higher total sales. S&P maintains buy.

American Eagle Outfitters (AEOS) raises second-quarter earnings per share guidance to 34 cents to 35 cents. The company posted 28% higher June same-store sales and 37% higher total sales. S&P maintains buy.

Ruby Tuesday (RI) posted 40 cents, vs. 46 cents fourth-quarter earnings per share on an 8.9% drop in company-owned same-store sales. The company cuts first-quarter earnings per share to 33 cents from prior guidance of 37 cents to 42 cents on a 4% drop in same-store sales.

RedEnvelope (REDE) celays filing fiscal 2005 Annual Report on Form 10-K in order to allow for completion of review of about $2.2 million inventory-related component of its accounts payable liability, which the company currently believes to be overstated.

RF Micro Devices (RFMD) sees $159.3 million (GAAP) first-quarter revenue, vs. previous guidance of mid-$150 million. The company expects sequential gross margin improvements.

Integrated Devices (IDTI) cuts first-quarter revenue outlook about 3% to 4% from immediate preceding quarter's revenue of $97.1 million. Previously, the company estimated revenues to be flat to up 4% relative to the prior quarter.


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