Diamonds and Dogs
8/23/12Big Lots Inc. (BIG)
Big Lots is a big miss today, down 20.91% at $30.72. Big Lots saw shares crash after releasing a poor second quarter earnings report. The company announced that its net income was down 38 percent, and they earned $22.1 million or 36 cents per share, down from $35.7 million or 50 cents per share last year. Analysts were expecting around 42 cents per share for the quarter. The poor quarter caused Big Lots management to lower full year guidance. The company now expects to post a 2012 profit of $2.80 to $2.95 per share. That's down from its previous prediction of $3.25 to $3.45 per share and far below the $3.30 per share forecast by analysts. Furthermore, Big Lots promoted a new CFO, COO, and brought back their previous head of merchandise. Big Lots is now trading at a new 52-week low.
Rosetta Genomics Ltd. (ROSG)
Rosetta Genomics skyrocketed today, up 34.46% at $6.36. The diagnostic test company saw its shares explode after continued optimism about the company's growth potential. The stock has been on a roll since Aug. 20, when the diagnostics developer it announced it was expanding its sales force and laboratory operations in anticipation of increased demand for its MiRview mets2 diagnostic assays. The MiRview has the ability to identify and access the origin of tumors within the body. Furthermore, the company is developing area specific MiRview's, such as the MiRview Lung, MiRview Kidney, and MiRview Bladder. This news led to Aegis Capital to up Rosetta's rating to a Buy, which also help give the company a bounce. Rosetta Genomics is still very far from its 52-week high of $26.70, but well of its low of $1.40.