Friday, February 25, 2011

Friday’s Stocks to Watch: MedAssets, NutriSystem

Here are a few stocks to keep on your radar Friday:  MedAssets (NASDAQ:
MDAS ) shares plunged nearly 30% after the companys disappointing
fourth-quarter earnings report late Thursday, which included a dour projection
for fiscal 2011 profit. A slew of investment houses downgraded the stock on
Friday. Speaking of bad earnings reports, NutriSystem (NASDAQ: NTRI )
fell 29.4% on Friday after the companys fourth-quarter earnings report late
Thursday that included news that revenue had fallen nearly 17% from a year
earlier. On Friday, both Lazard and Janney Montgomery Scott downgraded the
shares. Salesforce.com (NYSE: CRM ) shares gained 6.2% after beating analysts
fourth-quarter earnings estimates. That news seemed to offset the companys mixed
guidance for the first quarter and full fiscal year. Plastic-shoe retailer Crocs
(NASDAQ: CROX ) were off 8 cents to $18.01 after the company beat
fourth-quarter estimates late Thursday and boosted its forecast for the first
quarter. Stifel Nicolaus raised its price target on the stock to $23 from $22.
SandRidge Energy (NYSE: SD ) shares were up nearly 9% after the company said
late Thursday that its fourth-quarter loss was narrower than what the Street had
expected. The company also said it agreed to sell certain properties in New
Mexico for $200 million.

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