Photo: Lucie Debelkova
Good morning. Here are the 10 unusual stocks to watch this morning:
- BANKRUPTCY FILING: Borders Group may file for bankruptcy later this month. The chain is expected to close 150 of its 500 stores. Check out the 15 stocks investors are shorting like crazy >
- EARNINGS BEAT: Mattel’s beat earnings expectations with EPS of $0.89 versus $0.86 expected.
- ACQUISITION: Time Warner Cable agrees to buy NaviSite for $230 million. The deal values NaviSite at $5.50 a share.
- PRESIDENT DEPARTS: Marka Hansen, the president of Gap North America, is stepping down from her post after being with the company for 24 years.
- EARNINGS WATCH: Visa will be reporting its first quarter earnings later today. Analysts expect earnings at $1.20 per share on revenue of $2.2 billion.
- SHARE BUYBACK: Electronic Arts announced a $600 million share buyback plan and raised its earnings forecast to $750 million in digital revenue for 2011. EPS is expected to be 60 cents to 70 cents instead of the expected $0.63 per share.
- ANALYST DOWNGRADE: Deutsche Bank downgraded Bemis Company from buy to hold and lowered the price target from $36 to $34.
- ANALYST DOWNGRADE: Despite solid fourth-quarter earnings JPMorgan downgraded Harte-Hanks from overweight to neutral because they believe investors may choose other media outlets.
- EARNINGS MISS: Nomura earnings rebounded compared with the previous quarter but still missed analyst expectations at $164 million.
- REVENUE MISS: AOL’s fourth-quarter profit increased but revenue fell 26% to $596 million. The company reported earnings of $0.61 per share.
- Don’t miss: The 10 stocks Whitney Tilson is heavily short right now >