ProShares UltraShort SmallCap600 (ARCA: SDD)

ProShares UltraShort SmallCap600 (ARCA:SDD), Quote.Headers.trade-ideas

ProShares UltraShort SmallCap600

The Fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The Index is constructed and maintained by S&P Dow Jones Indices LLC. The Index is a measure of small-cap company U.S. stock market performance. It is a market capitalization-weighted index of 600 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float.

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Short Ideas

Small Cap

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ETFs

CRIC

FITB

NTRS

PVTB

Rydex ETF Trust S&P Smallcap 600 Pure Value ETF

SFUN

SLYV

SOHU

SRTY

Small Cap Top Performers in January

Earnings

Previews

HIBB

PSCD

SLYG

Cabela&#39;s Earnings Preview: Looking to Extend a Streak

CSTR

iShares S&P SmallCap 600 Growth Index Fund

NFLX

Rydex ETF Trust S&P Smallcap 600 Pure Growth ETF

Earnings Preview: Coinstar Still Cashing In

TERNIUM ARGENTINA S A by TERNIUM ARGENTINA S A

Here's a quick look at some of the top performing dividend stocks, year to date, that have a market cap of $1 billion or less.

E-House (China) Holdings (NYSE: <a class="ticker" href="/stock/ej#NYSE">EJ</a>) shares are trading about 38% higher year to date despite pulling back more than 4% last week. The real estate company announced in December that it would merge with China Real Estate Information Corp. (NASDAQ: <a class="ticker" href="/stock/cric#NASDAQ">CRIC</a>). The dividend yield is 4.2% and the long-term EPS growth forecast is 30.7%. E-House is based in Shanghai and was founded in 2000. But the stock has narrowly underperformed CRIC over the past six months.

KB Home (NYSE: <a class="ticker" href="/stock/kbh#NYSE">KBH</a>) is up almost 53% in the past month. The stock got a boost earlier this month when competitor Lennar (NYSE: <a class="ticker" href="/stock/len#NYSE">LEN</a>) announced a positive earnings surprise. Last week CBS (NYSE: <a class="ticker" href="/stock/cbs#NYSE">CBS</a>) CEO said he would leave the KB Home board. This Los Angeles-based homebuilder has a market cap of $867.3 million, a dividend yield of 2.5% and a long-term EPS growth forecast of 10.3%. The stock has outperformed competitors Lennar and Pulte Group (NYSE: <a class="ticker" href="/stock/phm#NYSE">PHM</a>) year to date.

Mahanagar Telephone Nigam (NYSE: <a class="ticker" href="/stock/mte#NYSE">MTE</a>) is more than 45% higher year to date, including more than 14% just in the past week. The company provides telecommunication services in Delhi and Mumbai, and revenues for the fiscal year are forecast to be 5.6% higher year over year. The company was founded in 1986. It has a market cap of $381.1 million and its dividend yield is 3.5%. But the stock has underperformed the broader markets over the past six months.

Noranda Aluminum (NYSE: <a class="ticker" href="/stock/nor#NYSE">NOR</a>) shares are trading about 33% higher year to date and rose 6% in the past week. Full-year revenues are forecast to be 20.6% higher year over year when the Tennessee-based company reports on February 15. The company has a market cap of $738.2 million, a long-term EPS growth forecast of 16.2% and a dividend yield of 1.1%. Over the past six months, the stock has outperformed larger peers Alcoa (NYSE: <a class="ticker" href="/stock/aa#NYSE">AA</a>) and Aluminum Corp. of China (NYSE: <a class="ticker" href="/stock/ach#NYSE">ACH</a>).

Privatebancorp (NASDAQ: <a class="ticker" href="/stock/pvtb#NASDAQ">PVTB</a>) is about 31% higher than a month ago, but more than 12% below the 52-week high. The company just reported better-than-expected Q4 EPS and a sizable decrease in nonperforming loans over the past year. This regional bank is based in Chicago and has a market cap of $1.0 billion. Its dividend yield is 0.3%. Over the past six months, the stock has outperformed competitors Fifth Third Bancorp (NASDAQ: <a class="ticker" href="/stock/fitb#NASDAQ">FITB</a>) and Northern Trust (NASDAQ: <a class="ticker" href="/stock/ntrs#NASDAQ">NTRS</a>).

SouFun Holdings (NYSE: <a class="ticker" href="/stock/sfun#NYSE">SFUN</a>) is up almost 49% in the past month and more than 10% higher than a year ago. The Chinese company operates an internet portal dedicated to real estate. Earnings are forecast to show a 57% gain for 2011, its sixth straight year of profit improvement. The dividend yield is 9.9% and the market cap is $372.7 million. The long-range EPS growth forecast is 36.7%. Over the past six months, the stock has outperformed competitor Sohu.com (NASDAQ: <a class="ticker" href="/stock/sohu#NASDAQ">SOHU</a>).

Tsakos Energy Navigation (NYSE: <a class="ticker" href="/stock/tnp#NYSE">TNP</a>) is more than 37% higher year to date, including more than 6% in the past week. The company has paid consecutive quarterly dividends since 2002. This Greek tanker operator has a $302.7 million market cap and a dividend yield of 9.2%. Revenue for the fiscal year is forecast to decline 2.6%. The stock has outperformed competitors Frontline (NYSE: <a class="ticker" href="/stock/fro#NYSE">FRO</a>) and Teekay (NYSE: <a class="ticker" href="/stock/tk#NYSE">TK</a>), as well as the broader markets, over the past three months.

See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/01/2297576/benzingas-microcap-movers-for-friday-january-27-2012">Benzinga's Microcap Movers for Friday January 27, 2012</a>.

<div id="action-items">ACTION ITEMS:

Bullish: Investors interested in exchange traded funds focused on small caps might want to consider the following trades:

<ul><li>Rydex S&amp;P Small Cap 600 Pure Value (NYSE: <a class="ticker" href="/stock/rzv#NYSE">RZV</a>) is up about 11% year to date.</li>
<li>SPDR S&amp;P 600 Small Cap Value ETF (NYSE: <a class="ticker" href="/stock/slyv#NYSE">SLYV</a>) is up almost 9% year to date.</li>
<li>iShares MSCI EAFE Small Cap Index (NYSE: <a class="ticker" href="/stock/scz#NYSE">SCZ</a>) is up almost 9% year to date.</li>
</ul>Bearish: Traders may prefer to consider these alternative positions:

<ul><li>ProShares Short Small Cap 600 (NYSE: <a class="ticker" href="/stock/sbb#NYSE">SBB</a>) is trading near the 52-week low.</li>
<li>ProShares UltraShort Small Cap 600 (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>) is trading near the 52-week low.</li>
<li>ProShares UltraPro Short Russell 2000 (NYSE: <a class="ticker" href="/stock/srty#NYSE">SRTY</a>) is trading near the 52-week low.</li>
</ul>Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.</div>

Cabela's (NYSE: <a class="ticker" href="/stock/cab#NYSE">CAB</a>) is scheduled to report third-quarter 2011 results Thursday, October 27, before the markets open. Consumers have been clamping down on discretionary spending due to economic conditions. But this specialty retailer is looking to continue its streak: it has seen net income rise in three straight quarters and revenue has risen in the past four quarters.

Analysts on average predict that Cabela's will report earnings of $0.44 per share, up 29.5% from the same quarter of last year. That EPS estimate is unchanged over the past 90 days. And note that Cabela's earnings have not fallen short of consensus estimates in the past ten quarters.

The forecast also calls for the company to post revenues of $681.5 million, which would be 5.9% higher than a year ago. Looking ahead to the current quarter, which will include the holiday season, analysts so far are looking for 4.0% year-over-year growth in revenues. And the forecast for the full year so far calls for revenues up 5.0% from a year ago, with per-share earnings 12.0% higher.

The Company

Cabela's is a retailer and direct marketer of hunting, fishing, camping and related outdoor merchandise. The Nebraska-based company operates 33 stores in the United States and Canada, as well as its subsidiary, World's Foremost Bank. The company was founded in 1961 and now has a market cap of $1.8 billion.

During the three months that ended in September, the company announced new stores in Charleston, W.V., and Rogers, Ark. Cabela's also announced that it had hired a new executive in charge of marketing and e-commerce.

Performance

The company has a long-term earnings per share growth forecast of 14.6% and a PEG ratio of 0.9. Its 14.5 P/E ratio is lower than the industry average, and its 7.8% operating margin is higher than the industry average. Seven out of 11 analysts who follow the stock rate it a Buy or Strong Buy, and they have a mean price target of $30.44 per share, which is 15.6% higher than the current share price.

The share price has jumped more than 16% in the past month, finally recovering from the sell-off in August. The stock is about 18% higher than at the beginning of the year, but more than 20% lower than the 52-week high of $32.37 per share. The price is now above the 50-day and 200-day moving averages. The stock has outperformed competitors such as Dick's Sporting Goods (NYSE: <a class="ticker" href="/stock/dks#NYSE">DKS</a>) and Hibbett Sports (NASDAQ: <a class="ticker" href="/stock/hibb#NASDAQ">HIBB</a>) since the beginning of the year.

Action Items:

Bullish: Investors interested in exchange traded funds invested in Cabela's might want to consider the following trades:

<ul><li>SPDR S&amp;P Retail (NYSE: <a class="ticker" href="/stock/xrt#NYSE">XRT</a>) is more than 20% higher than a year ago.</li>
<li>SPDR S&amp;P 600 Small Cap Growth ETF (NYSE: <a class="ticker" href="/stock/slyg#NYSE">SLYG</a>) is about 11% higher than a year ago.</li>
<li>PowerShares S&amp;P SmallCap Consumer Discretionary (NASDAQ: <a class="ticker" href="/stock/pscd#NASDAQ">PSCD</a>) is more than 5% higher than a year ago.</li>
</ul>

Bearish: Traders may want to consider these alternative positions:

<ul><li>ProShares UltraShort SmallCap600 (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>) is more than 7% higher than six months ago.</li>
<li>ProShares Short SmallCap600 (NYSE: <a class="ticker" href="/stock/sbb#NYSE">SBB</a>) is more than 7% higher than six months ago.</li>
</ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Cabela's Earnings Preview: Looking to Extend a Streak

Coinstar (NASDAQ: <a class="ticker" href="/stock/cstr#NASDAQ">CSTR</a>) is scheduled to report third-quarter 2011 results Thursday, October 27, after the closing bell. The company's Redbox self-service DVD-rental business seems well positioned to pick up some of those customers who continue to abandon Netflix's (NASDAQ: <a class="ticker" href="/stock/nflx#NASDAQ">NFLX</a>) DVD-by-mail service following this summer's price change.

Analysts on average predict that Coinstar will report earnings of $0.88 per share, which is up 25.0% from the same quarter of last year. That EPS estimate is unchanged over the past 60 days. And note that Coinstar's earnings have not fallen short of consensus estimates in the past six quarters.

The consensus forecast also calls for the company to post revenues of $461.8 million, which would be a 21.5% increase from a year ago. Looking ahead to the current quarter, which will include the holiday season, analysts so far are looking for 23.0% year-over-year growth in revenues. And the forecast for the full year so far calls for revenues up 25.4% from a year ago, with per-share earnings 34.3% higher.

The Company

Coinstar provides automated retail services primarily in the United States, Canada, Puerto Rico, the United Kingdom, and Ireland. The Redbox business operates more than 31,000 DVD-rental kiosks, while the Coinstar business operates more than 18,000 self-service coin-counting kiosks. The company was founded in 1991 and has a market cap of $1.6 billion.

During the three months that ended in September, the company announced an additional $250 million in share buybacks, appointed a new member to its board and added videogames to an additional 5,000 Redbox kiosks.

Performance

The company has a long-term earnings per share growth forecast of 18.6% and its return of equity is 19.4%. While the P/E ratio is higher than the industry average, so is Coinstar's operating margin. The PEG ratio is 0.8. Eleven of 16 analysts who follow the stock consider it a Buy or Strong Buy, and they have a mean price target of $61.62 per share, which is more than 15% higher than the current share price.

The share price has surged about 26% in the past month but is still about 22% lower than the 52-week high of $67.56. The current share price is above the 50-day and 200-day moving averages. The stock has outperformed competitors such as Netflix and Western Union (NYSE: <a class="ticker" href="/stock/wu#NYSE">WU</a>) over the past six months.

Action Items:

Bullish: Investors interested in exchange traded funds invested in Coinstar might want to consider the following trades:

<ul><li>Rydex S&amp;P SmallCap 600 Pure Growth (NYSE: <a class="ticker" href="/stock/rzg#NYSE">RZG</a>) is more than 10% higher than a year ago.</li>
<li>iShares S&amp;P SmallCap 600 Growth (NYSE: <a class="ticker" href="/stock/ijt#NYSE">IJT</a>) is about 10% higher than a year ago.</li>
<li>PowerShares S&amp;P SmallCap Consumer Discretionary (NASDAQ: <a class="ticker" href="/stock/pscd#NASDAQ">PSCD</a>) is more than 5% higher than a year ago.</li>
</ul>

Bearish: Traders may want to consider these alternative positions:

<ul><li>ProShares UltraShort SmallCap600 (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>) is more than 7% higher than six months ago.</li>
<li>ProShares Short SmallCap600 (NYSE: <a class="ticker" href="/stock/sbb#NYSE">SBB</a>) is more than 7% higher than six months ago.</li>
</ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Dole Food (NYSE: <a class="ticker" href="/stock/dole#NYSE">DOLE</a>) is scheduled to report its second-quarter 2011 results Thursday, July 28, after the closing bell. The world's largest producer of fresh fruit and vegetables posted strong first-quarter results due in part to higher prices and improved market conditions in Europe and Asia. And Dole Food said in an 8-K filing in June that positive momentum continued in the second quarter, which should please investors. 

Analysts are looking for the company to report earnings of $0.66 per share, which is up from $0.49 in the same period of last year. But that estimate is down from $0.69 per share 60 days ago. The analysts' forecast also calls for the company to post revenues of $1.8 billion, an increase of 4.5% from a year ago.

Dole Food's track record on earnings has been mixed recently: falling short of consensus estimates in two of the past four quarters. First quarter EPS were more than double expectations, though. Looking ahead to the full year, analysts so far are looking for per-share earnings to be up 71.1% year-over-year and revenues that are 3.8% higher.

The Company

Dole Food Company operates in three segments. The Fresh Fruit segment sells bananas, pineapples and other fruits primarily in North America, Europe, and Asia. The Fresh Vegetables segment produces and market various fresh and fresh-cut vegetables. The Packaged Foods segment produces and markets canned fruit, fruit juice, snack foods and frozen fruits. Principal customers include mass merchandisers and supermarkets. The company was founded in 1851.

During the three months that ended in June, the company announced that it intends to refinance its existing senior secured credit facilities in order to provide enhanced operating flexibility.

Performance

The company has a long-term earnings per share growth forecast of 9.7%. Its forward P/E ratio estimate is less than the trailing P/E ratio, which is lower than the industry average. The PEG ratio is 0.9. The consensus recommendation is to buy the stock; two of five analysts rate it a Strong Buy. Their mean price target (where analysts expect the share price to go) is $15.83 per share.

The share price ended Tuesday at $13.78, which is 24.5% higher than a year ago. However, the stock has traded mostly between $13 and $15 since the beginning of the year. It is now above both the 50-day and 200-day moving average. Shares have outperformed competitors Chiquita Brands (NYSE: <a class="ticker" href="/stock/cqb#NYSE">CQB</a>) and Fresh Del Monte Produce (NYSE: <a class="ticker" href="/stock/fdp#NYSE">FDP</a>) in the past six months, but they have underperformed the broader markets during that time.

Action Items:

Bullish: Traders interested in exchange traded funds invested in Dole Food might want to consider the following trades:

<ul><li>PowerShares Dynamic Food &amp; Beverage Portfolio (NYSE: <a class="ticker" href="/stock/pbj#NYSE">PBJ</a>): up 26.1% in the past year</li>
<li>Vanguard Small-Cap Index Fund (NYSE: <a class="ticker" href="/stock/vb#NYSE">VB</a>): up 26.4% in the past year</li>
<li>iShares Russell 2000 Index Fund (NYSE: <a class="ticker" href="/stock/iwm#NYSE">IWM</a>): up 24.5% in the past year</li></ul>

Bearish: Traders looking for contrarian option might want to consider these positions:

<ul><li>ProShares UltraShort Russell2000 Growth (NYSE: <a class="ticker" href="/stock/skk#NYSE">SKK</a>): up 150.1% year to date</li>
<li>ProShares UltraShort SmallCap600 (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>): up 122.3% year to date</li>
<li>Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="/stock/tza#NYSE">TZA</a>): up 119.1% year to date</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

DOLE

Dole Food Earnings Preview: EPS Expected to Be Up 25%

Coinstar (NASDAQ: <a class="ticker" href="/stock/cstr#NASDAQ">CSTR</a>) is scheduled to report its second-quarter 2011 results Thursday, July 28, after the markets close. Coinstar's Redbox DVD rental business may ultimately benefit from Netflix's (NASDAQ: <a class="ticker" href="/stock/nflx#NASDAQ">NFLX</a>) recently announced price change, but for the second quarter, investors no doubt will be keeping an eye on the growth in rental revenue and in the number of kiosks.

Analysts are looking for the self-service kiosk operator to report earnings of $0.81 per share, which is up from $0.39 in the same period of last year. That estimate is also up from $0.79 per share 60 days ago. The analysts' forecast also calls for the company to post revenues of $445.9 million, an increase of 30.3% from a year ago. Note that is above Coinstar's recent revenue guidance.

Analysts have underestimated Coinstar's per-share earnings in the past five quarters; in the first quarter earnings results were more than double the consensus estimate. Also, analysts so far are looking for sequential and year-over-year growth of both earnings and revenue in the current quarter.

The Company

Bellevue, Washington-based Coinstar operates automated retail businesses under the Redbox self-service DVD rental (more than 30,000 kiosks) and Coinstar self-service coin-counting (about 19,000 kiosks) brands. The company's kiosks can be found in the United States, Canada, Puerto Rico, the United Kingdom, and Ireland. The company was founded in 1991.

During the three months that ended in June, Redbox announced that it would begin offering video game rentals, and Coinstar announced a deal to put kiosks in Safeway (NYSE: <a class="ticker" href="/stock/swy#NYSE">SWY</a>) grocery stores. Coinstar also appointed a new chief customer officer.

Performance

The company has a long-term earnings per share growth forecast of 22.3%. Its forward P/E ratio estimate is less than the trailing P/E ratio, and it has a PEG ratio of 0.7. The consensus recommendation has been to buy the stock for more than 90 days; 12 of 18 analysts now rate CSTR a Buy or Strong Buy. Their mean price target (where analysts expect the share price to go) is currently $62.88 per share.

The share price closed Tuesday at $51.68, down from about $60 late last week, following lowered revenue guidance and the announcement of an executive departure. But shares are still 25.9% higher than six months ago. In that time, the stock has outperformed the specialty retail industry average and the broader markets, but it has underperformed Netflix.

Action Items:

Bullish: Traders interested in exchange traded funds invested in Coinstar might want to consider the following trades:

<ul><li>Vanguard Small-Cap Growth Index Fund (NYSE: <a class="ticker" href="/stock/vbk#NYSE">VBK</a>): up 32.9% in the past year</li>
<li>iShares Russell 2000 Growth Index Fund (NYSE: <a class="ticker" href="/stock/iwo#NYSE">IWO</a>): up 30.0% in the past year</li>
<li>iShares S&amp;P SmallCap 600 Growth Index Fund (NYSE: <a class="ticker" href="/stock/ijt#NYSE">IJT</a>): up 29.4% in the past year</li></ul>

Bearish: Traders looking for contrarian option might want to consider these positions:

<ul><li>ProShares UltraShort Russell2000 Growth (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SKK</a>): up 150.1% year to date</li>
<li>ProShares UltraShort SmallCap600 (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>): up 122.3% year to date</li>
<li>Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="/stock/tza#NYSE">TZA</a>): up 119.1% year to date</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Coinstar Earnings Preview: Strong EPS, Revenue Results Expected

Buffalo Wild Wings (NASDAQ: <a class="ticker" href="/stock/bwld#NASDAQ">BWLD</a>) is scheduled to report its second-quarter 2011 results Tuesday, July 26, after the closing bell. The question for investors is whether the quick-casual restaurateur can top consensus earnings estimates for a sixth straight quarter.

Analysts are looking for Buffalo Wild Wings to report per-share earnings of $0.60, which is a 16.7% rise from the same period of last year. That EPS estimate was $0.59 just 60 days ago. The consensus forecast also calls for the company to post revenues of $176.7 million, an increase of 21.3% from a year ago.

As noted above, analysts have underestimated Buffalo Wild Wings earnings in recent quarters; the beat has been by as much as eight cents per share. Also, analysts so far are looking for similar year-over-year growth of earnings and revenue in the current quarter.

The Company

Minneapolis-based Buffalo Wild Wings owns, operates and franchises more than 750 Buffalo Wild Wings Grill &amp; Bar restaurants in about 45 states. The menu offers more than a dozen unique dipping sauces to accompany with the spicy wings, as well as other items such as chicken tenders and legs. The eateries also offer appetizers, burgers, tacos, salads and desserts, along with beer, wine and other beverages. The company was founded in 1982.

During the three months that ended in June, the company opened a location in Oshawa, Ontario, its first in Canada. It also entered into a service agreement with Buzztime, an interactive digital entertainment network.

Performance

The company has a return on equity of 16.4% and a long-term earnings per share growth forecast of 21.3%. The company boosted its gross margin by 3.1 percentage points in the previous quarter. The consensus recommendation is to buy BWLD; four of 13 analysts rate it a Strong Buy. Their mean price target (or where analysts expect the share price to go) is $70.78 per share.

At $67.32, the share price has pulled back a bit from the recent 52-week high of $69.52, but still is 53.5% higher than at the beginning of the year. That price also is above the 50-day and 200-day moving averages. Year to date, the stock has outperformed the restaurant industry average, as well as the competitors such as BJ's Restaurants (NASDAQ: <a class="ticker" href="/stock/bjri#NASDAQ">BJRI</a>), California Pizza Kitchen (NASDAQ: <a class="ticker" href="/stock/cpki#NASDAQ">CPKI</a>) and Cheesecake Factory (NASDAQ: <a class="ticker" href="/stock/cake#NASDAQ">CAKE</a>).

Action Items:

Bullish: Traders interested in exchange traded funds invested in Buffalo Wild Wings might want to consider the following trades:

<ul><li>iShares S&amp;P SmallCap 600 Index Fund (NYSE: <a class="ticker" href="/stock/ijr#NYSE">IJR</a>): up 29.5% in the past year</li>
<li>iShares Russell 2000 Index Fund (NYSE: <a class="ticker" href="/stock/iwm#NYSE">IWM</a>): up 29.4% in the past year</li>
<li>iShares S&amp;P SmallCap 600 Growth Index (NYSE: <a class="ticker" href="/stock/ijt#NYSE">IJT</a>): up 34.6% in the past year</li>
<li>iShares Russell 2000 Growth Index Fund (NYSE: <a class="ticker" href="/stock/iwo#NYSE">IWO</a>): up 35.9% in the past year</li></ul>

Bearish: Traders looking for a contrarian option might want to consider these alternative positions:

<ul><li>ProShares UltraShort SmallCap600 (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>): up 104.6% in the past year</li>
<li>ProShares UltraShort Russell2000 (NYSE: <a class="ticker" href="/stock/twm#NYSE">TWM</a>): up 101.1% in the past year</li>
<li>Direxion Daily Small Cap Bear 3X Shares (NYSE: <a class="ticker" href="/stock/tza#NYSE">TZA</a>): up 107.2% in the past year</li></ul>

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

BJRI

BWLD

CAKE

CPKI

Buffalo Wild Wings Earnings Preview: Double-Digit EPS Growth Expected

Local.com (NASDAQ: <a class="ticker" href="/stock/locm#NASDAQ">LOCM</a>) announced on Monday the acquisition of Screamin' Media Group (<a class="ticker" href="/stock/smm#">SMM</a>), which operates Screamin' Daily Deals (<a class="ticker" href="/stock/sdd#">SDD</a>). SDD was founded in early 2010 and has around 60 employees which serve hundreds of thousands of subscribers with deals from local merchants. In 2010, SDD generated revenue of $2.4 million. That grew to $4.4 million in the first half of 2011.

SMG now becomes a subsidiary of Local.com and will relocate to corporate headquarters in Irvine, California. Malcolm Lewis, Local.com/Spreebird's senior vice president and general manager, said that, “Local.com's social buying business, Spreebird, will absorb SDD's operations and SDD will assume the Spreebird brand over time.”

Regarding what Screamin' Media will bring to the table, Lewis told Benzinga that, “Screamin' Daily Deals offers us immediate scale, expanding our reach to 14 markets, as well as a strong differentiation (the School Rewards program) in a market that is largely not differentiated.”

In a press release, Local.com CEO and chairman Heath Clarke said, “The acquisition of SMG serves our mission of connecting brick-and-mortar merchants with online consumers by extending our reach directly to thousands of local merchants in 14 markets. This transaction diversifies our revenues and provides us with a new way to engage consumers. School Rewards is a terrific program that allows us to develop a more meaningful relationship with merchants and consumers by enabling them to contribute financially to their local schools. We look forward to working with the SDD team to accelerate their rapid growth while expanding the School Rewards program.”

SMG co-founder Benson Kane is similarly excited. “Local.com's existing commitment to local communities is consistent with our vision for School Rewards. Local.com has a considerable array of assets that we believe we can leverage, including reach of over 20 million consumers each month through its flagship property plus a distribution network of over 1,400 regional media sites. We are very pleased to be joining forces with Local.com to deliver daily deals to an even broader audience of consumers, thereby expanding our ability to engage and serve even more local communities nationwide.”

Markets

LOCM

Local.com Gets Screamin'

Spirit AeroSystems Holdings, Inc. (NYSE: <a class="ticker" href="/stock/spr#NYSE">SPR</a>) today announced it expects a pre-tax charge of approximately $28 million, or $0.13 per share associated with the development effort on the CH-53K helicopter program. 

The additional costs associated with this change have resulted in a loss program for Spirit on the Systems Development and Demonstration (<a class="ticker" href="/stock/sdd#">SDD</a>) contract. Spirit won the ~$150 million firm fixed-price contract in May 2007 and delivered the first of seven CH-53K test articles in December 2010. 

The company expects to achieve its 2011 fully diluted earnings per share guidance of $1.70-1.90. Spirit will release its first quarter 2011 financial results, including the impact of the charge, at its next quarterly financial performance announcement on May 5, 2011.

Guidance

Spirit AeroSystems to Recognize First Quarter Charge on Helicopter Development Program; 2011 EPS Guidance Unchanged 

World's largest stand-alone defense contractor, Lockheed Martin Corporation (<a href="http://www.zacks.com/stock/quote/LMT">LMT</a>) ended fiscal 2010 with a bang. The company posted fourth-quarter 2010 operating earnings of $2.30 per share, beating both the Zacks Consensus Estimate of $2.20 and year-ago adjusted quarterly earnings of $2.19 by margins of 10 cents and 11 cents, respectively.

	However reported quarter results were affected by a one-time per share charge of 8 cents related to internal facilities consolidation within Mission Systems &amp; Sensors (MS2), a line of business in Electronic Systems. Also in November 2010, the company completed the divestiture of its Enterprise Integration Group (<a class="ticker" href="/stock/eig#">EIG</a>) business, resulting in a per share gain from sale of 51 cents.

	On a reported basis after adjusting for the above one-time items, the company posted per share earnings of $2.73 versus $2.17 in the year-ago quarter. Fiscal 2010 operating earnings came in at $7.18 per share, way above the Zacks Consensus Estimate of $6.91. However this came below fiscal 2009 earnings of $7.71.

	Operating Statistics

	On the revenue front Lockheed Martin reported quarterly net sales of $12.8 billion, beating the Zacks Consensus estimate of $12.5 billion by $331 million. Also the company sailed past the year-ago quarterly revenue of $12.2 billion by $591 million.

	Fiscal 2010 revenue was $45.8 billion versus the Zacks Consensus Estimate of $46.2 billion. However revenue for the reported fiscal was greater than $44 billion in fiscal 2009.

	Lockheed Martin's quarterly net earnings grew to $983 million from $827 million in the year-ago period. Earnings from continuing operations for the fourth quarter of 2010 were $829 million versus $836 million year-over-year.

	Lockheed Martin finished fiscal 2010 with $78.2 billion of backlog, including $20.5 billion of new orders booked in the fourth quarter. Of this $27.5 billion belonged to the Aeronautics segment and $23.2 billion to the Electronic Systems segment.

	Segmental Performance

	Aeronautics

	Aeronautics quarterly sales increased 19% year over year to $3.9 billion in the reported quarter due to higher deliveries of C-130J and volume sales in programs like C-5 Reliability Enhancement and Re-Engineering Program (RERP), P-3 and advanced development programs.

	These increases partially were offset by a decrease in volume on F-16 and F-22 production programs, the F-35 System Development and Demonstration (<a class="ticker" href="/stock/sdd#">SDD</a>) contract and other combat aircraft programs. Segmental operating profit however fell 4% to $410 million while operating margin shrunk by 250 basis points to 10.6% in the reported quarter.

	Electronic Systems

	Electronic Systems quarterly sales increased 7% year over year to close to $4 billion due to higher volume on tactical missile programs, readiness and stability operations, and surface naval warfare programs. This was partially offset by lower volume on fire control systems, air defense, simulation &amp; training and other logistics, ship &amp; aviation systems and undersea warfare programs.

	Segmental operating profit rose by 5% to $451 million, while operating margin shrunk by 30 basis points to 11.3% in the reported quarter.

	Information Systems &amp; Global Solutions

	Information Systems &amp; Global Solutions segment's quarterly sales increased 2% to $2.9 billion. In the reported quarter sales increased due to higher volume on mission &amp; combat systems activities, and enterprise civilian services.

	This was partially offset by lower volume on security solutions. Segmental operating profit fell by 2% to $255 million while operating margin shrunk by 30 basis points to 9.5% in the reported quarter.

	Space Systems

	Space Systems' segmental sales decreased by 13% to approximately $2.3 billion. In the reported quarter sales declined due to lower volume on commercial launch vehicle activities, the Orion program, the space shuttle external tank program, government satellite activities and defensive missile programs.

	This was partially offset by higher volume on commercial satellites. Segmental operating profit fell by 7% to $279 million while operating margin rose by 70 basis points to 12.2% in the reported quarter.

	Financial Condition

	Cash and cash equivalents of Lockheed Martin were $2.3 billion versus $2.4 billion at fiscal-end 2009. Long-term debt fell marginally by $33 million to slightly above $5 billion versus fiscal-end 2009. However at the same time debt to total capitalization rose to 58% from 55% at fiscal-end 2009, primarily due to repurchase of common stock.

	Lockheed Martin generated $3.5 billion of cash in operating activities in fiscal 2010, compared to $3.2 billion in cash generated in fiscal 2009. The company year-to-date repurchased 33 million shares for $2.5 billion and distributed $969 million as cash dividend.

	Guidance

	Lockheed Martin expects its fiscal 2011 earnings to be in the range of $6.70 – $7.00. The company expects its revenue for fiscal 2011 to be in the range of $45.75 billion – $47.25 billion.

	Outlook

	Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus, a steady inflow of follow-on orders and a leveraged presence in the Army, Air Force, Navy and IT programs. However the ongoing trend of governmental delays in program decisions coupled with program cancellations has affected the fortunes of the defense industry in general and Lockheed Martin in particular.

	Lockheed Martin currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. Considering the fundamentals, we are maintaining our Neutral recommendation on the stock.

	Headwinds concerning the company's largest program F-35 Joint Strike Fighter facing margin blues are our concern. All eyes are on the outcome of the fiscal 2012 congressional budget process.

	The cautious outlook is reflected across the board in the defense and aerospace industry. Of Lockheed Martin's major peers, General Dynamics Corporation (<a href="http://www.zacks.com/stock/quote/GD">GD</a>) sailed past market expectations. On the other hand, the big daddy of aerospace, The Boeing Company's (<a href="http://www.zacks.com/stock/quote/BA">BA</a>) results failed to pass market optimism.
   <a href="http://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;d_alert=ZER_LINK&amp;t=BA&amp;ADID=BENZ_CONTENT_ZER">BOEING CO (<a class="ticker" href="/stock/ba#">BA</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;d_alert=ZER_LINK&amp;t=GD&amp;ADID=BENZ_CONTENT_ZER">GENL DYNAMICS (<a class="ticker" href="/stock/gd#">GD</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/registration/pfp?ALERT=ZER_LINK&amp;d_alert=ZER_LINK&amp;t=LMT&amp;ADID=BENZ_CONTENT_ZER">LOCKHEED MARTIN (<a class="ticker" href="/stock/lmt#">LMT</a>): Free Stock Analysis Report</a>   <a href="http://www.zacks.com/">Zacks Investment Research</a>

Lockheed Martin Reports Strong - Analyst Blog

Here is the ETF Professor's ETF Watch List for Wednesday May 19, 2010.
Play Hewlett-Packard (NYSE: <a class="ticker" href="/stock/hpq#NYSE">HPQ</a>) earnings with the Technology Select Sector SPDR (NYSE: <a class="ticker" href="/stock/xlk#NYSE">XLK</a>).
Emerging markets are going to get hammered today, so keep an eye on the ProShares Short MSCI Emerging Markets (NYSE: <a class="ticker" href="/stock/eum#NYSE">EUM</a>), the ProShares UltraShort MSCI Emerging Markets (NYSE: <a class="ticker" href="/stock/eev#NYSE">EEV</a>) and the Direxion Daily Emerging Markets Bear 3X Shares (NYSE: <a class="ticker" href="/stock/edz#NYSE">EDZ</a>).
The Euro's continued declines are good news for the PowerShares DB US Dollar Index Bullish ETF (NYSE: <a class="ticker" href="/stock/uup#NYSE">UUP</a>).
The Nasdaq looks ready to rollover, so track the ProShares Short QQQ (NYSE: <a class="ticker" href="/stock/psq#NYSE">PSQ</a>).
The same can be said for small-caps, so keep an eye on the ProShares UltraShort SmallCap600 ETF (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>).
Wednesday could be an interesting day for the SPDR Barclays Capital High Yield Bond ETF (NYSE: <a class="ticker" href="/stock/jnk#NYSE">JNK</a>).
Financials should see big declines on Wednesday, so put the ProShares Short Financials ETF (NYSE: <a class="ticker" href="/stock/sef#NYSE">SEF</a>) on your list.

Sector ETFs

Broad U.S. Equity ETFs

Specialty ETFs

Emerging Market ETFs

Currency ETFs

Pre-Market Outlook

Direxion Daily Emerging Markets Bear 3x Shares

ProShares UltraShort MSCI Emerging Markets

PowerShares DB US Dollar Index Bullish Fund

ETFs To Watch May 19, 2010 (SEF, EEV, XLK, PSQ)

<a rel="attachment wp-att-939" href="http://etfdailynews.com/blog/2009/04/11/ultrashort-etf-losses-go-to-money-heaven/ultrashort/"><img class="alignleft size-full wp-image-939" title="ultrashort" src="http://etfdailynews.com/blog/wp-content/uploads/2009/04/ultrashort.jpg" alt="" width="110" height="110" /></a>“ProShares UltraShort SmallCap 600 (NYSE: SDD) – This inverse ETF is composed of financial instruments with economic characteristics that should correspond to twice the inverse daily(...) Read the rest of <a href="http://etfdailynews.com/blog/2010/05/17/trading-a-correction-in-small-caps-with-this-ultrashort-etf-sdd/">Trading A Correction In Small-Caps With This UltraShort ETF (SDD)</a> 
Copyright 2010 ETFDAILYNEWS.COM 
The copying, republication or redistribution of ETFDailyNews Content, including by framing or similar means, is expressly prohibited without the prior written consent of ETFDailyNews.
<CENTER><a href="http://www.ino.com/info/98/CD3765/&amp;dp=0&amp;l=0&amp;campaignid=12"><img src="http://ino.directtrack.com/42/3765/98/" alt="" border="0" /></a></center>

Trading A Correction In Small-Caps With This UltraShort ETF (SDD)

This is the best spot to put on a short sale I've seen in a long time. 
When the S&amp;P 500 broke the rising-wedge chart pattern to the downside back in mid-January (something we warned about here and here), the intermediate-term trend for stocks changed. The trend transitioned from what looked like a straight shot higher into a period of correction. 
And during corrections, traders profit by shorting stocks. 
But the decline from the rising wedge was so violent and so fast, there simply wasn't a good, low-risk entry point for a short trade – unless you anticipated the decline and went short ahead of time. Stocks quickly went from overbought to oversold. And anyone shorting into an oversold market runs the risk of getting caught in a violent bounce. Which is exactly what we've seen over the past few days. 
Take a look...
<img src="http://www.stockhouse.com/getfile/5ea01307-6c88-47f3-ba21-67da139a96d1/JC022310_1.aspx" />
The red lines on the chart indicate various support levels for the S&amp;P 500. As each support level is violated, it becomes resistance for any bounce attempt. You can see how the market held support on the daily chart near 1,050 and has now bumped back into resistance around 1,100. 
Here's how it looks on a shorter-term, 60-minute chart...
<img src="http://www.stockhouse.com/getfile/497ed46b-3914-4c7b-af8d-f7574514196d/JC022310_2.aspx" />
If the current correction has farther to go, which I think it does, then the S&amp;P 500 should fall to one of the lower support lines – either around 1,020 or 1,000. The index is currently bumping up against resistance at 1,100. The resistance should be strong enough to hold back any further rally attempt.
--> <a href="http://www.stockhouse.com/Columnists/2010/Feb/23/Why-it-could-be-a-good-time-to-short-stocks-now">Continue reading at StockHouse.com</a>.
Benzinga thinks the best ETF's for this trade would be a short on Standard &amp; Poor's Depositary Receipts (NYSE: <a class="ticker" href="/stock/spy#NYSE">SPY</a>) which tracks the S&amp;P 500. Also another ETF to mention would be ProShares UltraShort SmallCap (NYSE: <a class="ticker" href="/stock/sdd#NYSE">SDD</a>) on the long side as SmallCap shares have been big out-performers and may have more downside.

Why It Could Be A Good Time To Short Stocks Now (SDD, SPY)

Fundtech Ltd. (Nasdaq: <a href="/stock/fndt">FNDT</a>), a market leader in global transaction banking solutions, and Microsoft Corp. (Nasdaq: <a href="/stock/msft">MSFT</a>) announced the introduction of the SEPA Integration Suite. It is a new suite of <a href="/stock/soa">SOA</a> (service-oriented architecture) services that adds complete SEPA transaction processing to a bank's existing payments infrastructure with minimal disruption and risk. With this software, banks will save time and money adding transaction processing capabilities for both SEPA Credit Transfers (SCT) and SEPA Direct Debits (<a href="/stock/sdd">SDD</a>). Corporate clients will benefit by being able to send a single stream of payments, in various formats, to a centralized payment service, streamlining their accounts payable operations while improving multi-country cash management visibility.

Press Releases

FNDT

MSFT

 Fundtech (FNDT) and Microsoft Corp. (Nasdaq: MSFT) to Introduce a  Banking Software

UltraShort SmallCap600 declares quarterly distribution of $0.2360

UltraShort SmallCap600 declares quarterly distribution of $0.1177

UltraShort SmallCap600 declares quarterly distribution of $0.1659

ProShares UltraShort SmallCap600 -2x Shares

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ProShares UltraShort SmallCap600

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ProShares UltraShort SmallCap600 (ARCA:SDD), Quote.Headers.trade-ideas