Beststocksdaily.com Issues Investment Alert On (NASDAQ:WPRT), (NASDAQ:LRCX), (NYSEAMEX:VHC), (NASDAQ:STEM)
LOS ANGELES, CA, Nov 09, 2012 (eTeligis.com via COMTEX)
Westport Innovations Inc. (USA)(NASDAQ: WPRT) shares soared 10%. In it's earnings call last night, CEO David Demers noted that order activity remains high and that revenue growth is expected to be around 30% for FY13, which remains consistent with long-term forecasts. Additionally, its heavy-duty business is seeing repeat orders from customers such as UPS who've ordered 21 additional LNG tractors with WPRT's high pressure direct injection, and programs with CAT to jointly develop LNG as a fuel in mining truck and locomotive operations are off to a strong start.
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Lam Research Corporation(NASDAQ: LRCX) added 2.10% after analyst at Credit Suisse lifted its eatimes , citing the potential for share gains and margin improvement. The chip equipment maker, which is in the process of digesting Novellus, has decent exposure to foundries seeing strong mobile chip demand.
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VirnetX Holding Corporation(NYSEAMEX: VHC) fell 2.10% to $35.65 after gaining 25% in the past two trading sessions after winning a $368 million lawsuit against Apple. If that's enough, the company is filing another lawsuit against Apple (AAPL). The company claims Apple's latest iOS and Mac hardware infringes four VirnetX patents that were asserted in a Texas suit that ended with a favorable verdict earlier this week. Apple doesn't sound as if it's inclined to settle this legal battle quickly.
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StemCells, Inc.(NASDAQ: STEM) lost 8% after its Q3 came up far short of estimates yesterday. The company reported a $0.54 loss for the period, missing Street estimates for a loss of $0.17. Revenue was also behind the curve, coming in at $264K, versus analysts expectations of $430K. Other expenses for the quarter weighed on bottom-line results, largely due to a non-cash expense from an increase in the estimated fair value of its warrant liability.
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