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Market Overview

Benzinga’s Top Pre-Market Gainers (HD, M, IMMU, TXIC, FDML)

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The Home Depot, Inc. (NYSE: HD) reported today a fourth-quarter net earnings of $342 million, or $0.20 per share, as compared to a net loss of $54 million, or a $0.03 loss per share, for the same period last year. Net sales were $14.57 billion, as compared to $14.61 billion in the year ago period. Analysts expected HD to report earnings of $0.17 per share for the quarter. The Home Depot gained 1.15% to $30.67 in the pre-market session. HD made a new 52 week high at $30.55 in the last trading session. The Home Depot has increased 10% in the last six months.

Macy's, Inc. (NYSE: M) climbed 0.54% to $18.57 in the pre-market session. Macy's reported today a fourth-quarter profit of $466 million, or $1.10 per share, from a loss of $4.77 billion, or $11.33 per share, for the same quarter last year. Sales declined to $7.85 billion from $7.93 billion in the year ago period. In the previous trading session, Macy's closed at $18.47. Macy's has surged over 134% in the last year.

Immunomedics, Inc. (NASDAQ: IMMU) jumped 6.23% to $3.58 in the pre-market session. The 52-week trading range for IMMU is $0.84 - $7.16. Immunomedics closed at $3.37 in the last trading session. In the last year, IMMU has surged over 173%.

Tongxin International Ltd (NASDAQ: TXIC) moved up 3.46% to $8.38 in the pre-market session. Tongxin International announced today preliminary unaudited revenue between $121 to $124 million for its fiscal year ended December 31, 2009 and is introducing guidance between $150 to $160 million in revenue for 2010. The 52-week trading range for TXIC is $1.54 - $12.07.

Federal-Mogul Corporation (NASDAQ: FDML) surged 4.70% to $16.50 in the pre-market session. Federal-Mogul reported today fourth-quarter net income of $43 million, or $0.43 per share, as compared to a loss of $530 million, or $5.36 per share in the year ago period. Revenue increased to $1.4 billion from $1.3 billion in the year ago period. In the last trading session, FDML closed at $15.76. The 52-week trading range for FDML is $2.15 - $19.44.

 

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