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Stocks To Watch For Tuesday 08/05/08
By: Daniel Shepard   Tuesday, August 05, 2008 10:49 AM

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Humana (HUM) the health benefits management company, rose $2.17 (4.86%) to close at $46.81 yesterday, after reporting earnings that beat estimates. The company reported Q2 revenues of  $209.9 million, for an EPS of $1.24.

Compared to the same period a year ago, revenues were down 3 percent from $216.8 million, or $1.28 per share. However, Q2 EPS beat both the company’s forecast of $1.15 to $1.20 and analysts estimates of of $1.18.

United Stationers (USTR) which jumped $6.12 points to $44.45 on Friday 08/01/08, from Thursday’s closing price of $38.33 on a positive earnings report, gained another $3.44 to $47.89 today. We are looking for the stock to start giving back some of these gains. Traders shorting at current levels should be able to capture a few points by the end of the month. 

Monolithic Power Systems (MPWR) gained $1.44 or 6.08% to $25.14 on volume that was about double the stock’s average volume. There was no apparent news to explain the move and volume was unusually high on Friday 08/01/08 as well. Traders might want to put up some risk capital, and take a position in the stock in case there is some major news coming.


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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