Jul 23, 2010 10:31 AM PDT
Heading into Father’s Day weekend, a number of stocks are trading on extremely high volume, touching 52-week highs and sitting above their 200-day moving averages. All of them would make a great gift that may keep giving and giving.
Perfect World Co., Ltd. (PWRD) today raised its second-quarter revenue outlook above Street expectations, saying new game "Battle of the Immortals" and its recently released game expansion packs have been more popular than the Chinese online gaming company anticipated.
Shares rose 8.4% in morning trading and volume of 1,870,000. It hit a new 52-week new high and is up 140% since March.
Perfect World said it now expects revenue of $71.7 million to $74.7 million, which would be an increase of 15% to 20% over the first quarter. Analysts polled by Thomson Reuters expect $64 million in revenue, on average.
Fuqi International (NASDAQ: FUQI) designs, develops, promotes, and sells precious metal jewelry in the People’s Republic of China. The company offers basic gold jewelry, as well as a range of products, including rings, bracelets, necklaces, earrings, and pendants made from precious metals, such as platinum, gold, palladium, and karat gold.
Revenues for the first quarter of 2009 increased 41% to $109.4 million from $77.6 million in the first quarter of 2008. Wholesale revenue contributed approximately $96.8 million to overall revenues.
Judging from their recent upward revision in their 2009 fiscal year earnings, the tremendous growth that this company has experienced may have caught management by surprise - or it may have more to do with their conservative estimates and balance sheet maintenance. To support that notion, they have no long-term debt, high current and quick ratios and a wad of cash equal to approximately one-third of their market cap.
It traded on 2 million volume today and is very close to hitting its 52-week highs.
Taleo Corporation (NASDAQ: TLEO), the leader in on-demand talent management solutions, today announced that leading businesses around the globe are selecting its software solutions to get a unified view of their workforce and gain actionable insights into talent management practices. Taleo's customers include 4 of the top 5 health insurance providers, 4 of the top 10 retail organizations and 7 of the top 10 financial services firms.
TLEO is up 63% since March lows and trading way above its 200-day moving average.
Three recent additions to Taleo's customer roster include Henry Schein, a worldwide distributor of medical, dental and veterinary supplies, Zions Bancorporation, which operates approximately 500 banking offices across the US, and Kinetic Concepts, a global medical technology company. Both Henry Schein and Kinetic Concepts will deploy the solution globally.
All three organizations have selected Taleo Recruiting to address their recruitment needs, while cutting costs, driving efficiencies and increasing workforce productivity. Taleo was selected as a result of its strong global capabilities, unique approach to integration, and proven global implementation and support experience.
HMS Holdings Corp. (NASDAQ: HSMY) today announced that it had been awarded contracts with six additional Medicaid managed care plans, adding over one million lives to the company's portfolio. HMS will be providing one or more of its core services -- including third party recovery and cost avoidance -- to Citrus Health Care, Inc. (FL); Community Health Group (CA); Fidelis Care New York (NY); Health First (NY); Health Plan of Michigan, Inc. (MI); and Virginia Premier Health Plan, Inc. (VA).
With the addition of these plans, HMS provides cost containment services to over 100 managed care plans across the country.
Currently trading above its 52-week highs, the stock is up 16% since March lows.
