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U.S. Stocks End Mixed; Hot Stocks: CSCO, PCLN, AVP, NWSA, KSS, QSII, MNST
By: Balachander   Thursday, May 10, 2012 4:13 PM
Symbols: AVP, CSCO, KSS, MNST, NTAP, ORCL, PCLN, QSII
(NASDAQ:NWSA) jumped 4.85 percent after the media company reported better-than-forecast quarterly earnings, helped by its cable business and filmed entertainment division.

Quality Systems Inc. (NASDAQ:QSII) shed 6.08 percent after the company guided fourth quarter and full year 2012 below consensus due to delays associated with both the closing of several "opportunities" and recognition of revenue related to a large customer implementation project. Quality Systems expects fourth quarter EPS between 24 cents and 27 cents and revenue of $107 million to $111 million, while Wall Street expects EPS of 38 cents on revenue of $116 million. QSII forecasts EPS of $1.27 to $1.30 on revenue between $428 and $431 million for 2012, trailing consensus estimate of EPS of $1.41 and revenue of $437 million.

Kohl's Corp. (NYSE:KSS) lost 4.33 percent after department stores operator posted a 23 percent decline in first-quarter earnings as drop in margins offset sales growth and the company guided second quarter results below Street's view. Kohl's expects EPS of $0.96 to $1.02 and sales growth of 2 percent to 3 percent for the second quarter, while analysts' expect EPS of $1.13 on revenue growth of 3 percent.

Monster Beverage Corp. (NASDAQ:MNST) soared 8.97 percent after the distributor of energy drinks and fruit juices posted better-than-expected first- quarter earnings, driven by international sales.

Global Markets:

The European markets closed on a positive note after European Financial Stability Facility board decided to release 5.2 billion euros in emergency assistance to Greece. Germany's DAX added 0.66 percent to finish at 6,518.00. France's CAC40 gained 0.37 percent to close at 3,130.17. U.K.'s FTSE 100 rose 0.25 percent to end at 5,543.95. Meanwhile, the Bank of Spain took over Bankia SA - one of the country's largest and most troubled banks.
 
Asian markets ended on a mixed note. The Shanghai Composite Index edged 0.07 percent higher to end at $2,410.23. Hong Kong's Hang Seng declined 0.51 percent to close at 20,227.28. Japan's Nikkei 225 fell 0.39 percent to close at 9,009.65. India's BSE Sensex finished at 16,420.05, down 0.36 percent.

Commodity & Currency Scan:

Crude oil futures edged 0.05 percent higher to $96.86 per barrel, while natural gas futures gained 0.45 percent to $2.476 per million metric British thermal units. Gold futures added 0.04 percent to $1,594.9 per ounce, while silver lost 0.60 percent to $29.065 per ounce.
                         
In the currency market, the euro rose 0.11 percent against the U.S. dollar to $1.2944. The British pound advanced 0.15 percent against the greenback to 1.6152, and the dollar added 0.40 percent against the Japanese yen to 79.9600.


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