Sunday, February 6, 2011

3 Soaring Stocks

Las Vegas Sands Corp. ( NYSE: LVS ) shares are down in today's trading after the company announced its fourth-quarter financial results. Shares of Las Vegas Sands after the casino operator operated weaker than forecast fourth-quarter revenue. The company reported fourth-quarter revenue of $2.02 billion, while analysts were expecting revenue of $2.07 billon. Las Vegas Sands, however, reported better than expected fourth-quarter profit. At last check, Las Vegas Sands shares were down 6.72% to $46.90, with volume up from daily average of 24.98 million to 26.67 million. Las Vegas Sands shares have a 52-week range of $14.88-$55.47. In the last one year, the stock gained 205.2%. Las Vegas Sands owns and operates casinos in Las Vegas, Nevada, and Macau. China MediaExpress Holdings Inc. ( NASDAQ: CCME ) shares are soaring in today's trading. The stock reached a high of $13.17 in mid-day trading, and at last check, it was up 20.83% to $13.40, with volume up from daily average of 2.83 million to 4.73 million. Chine MediaExpress Holdings shares saw a huge drop in Thursday's trading session after a research firm said that the company inflated its revenue and profit. This is the second negative research report to come out in the last one week. As a result, China MediaExpress shares fell 37.1% this week. China MediaExpress is an operator of television advertising network on inter-city express buses in China. Silicon Image Inc. ( NASDAQ: SIMG ) shares are soaring in today's trading after the company announced its fourth-quarter financial results. Silicon Image reported a 46% increase in its fourth-quarter revenue to $52 million. The company reported a profit of $4.2 million, or $0.05 per share, compared with loss of $66.9 million, or $0.89 per share reported for the same period in 2009. Silicon Image shares are currently trading 17.49% higher at $9.07. The stock reached a 52-week high of $9.33 in mid-day trading, and is trading in above average volume of 4.90 million. Silicon Image shares gained 296.94% in the last one year. Silicon Image is a Sunnyvale, California-based company, engaged in semiconductors and Internet protocol solutions for the storage, distribution and presentation of high-definition content. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell any stock mentioned in this report at any time after this post.
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