Travelzoo Soars

Corning climbs; Nobility Homes jumps; plus more of Monday's stocks in the news

Travel Website Travelzoo (TZOO ) received approval from the Nasdaq to list its securities on the Nasdaq National Market. The shares are currently listed on the Nasdaq SmallCap Market. The "phase-up" to the National Market is expected to occur Wednesday, Aug. 18

Needham upgraded Corning (GLW ) to strong buy from buy on solid demand in the liquid-crystal-display glass business.

Nobility Homes (NOBH ) is seen higher on an expected increase in the mobile-home manufacturing business after the destruction of Hurricane Charley over the weekend. Champion Enterprises (CHB ) and Fleetwood Enterprises (FLE ) are also higher.

Roth Capital upgraded Isle of Capri (ISLE ) to strong buy from buy. On Friday the company posted 34 cents Q1 EPS.

LifePoint Hospitals (LPNT ) agreed to acquire Province Healthcare in a $1.7 billion deal. Terms: $11.375 cash and 0.2917-0.3447 share of the newly formed company for each Province share. J.P. Morgan downgraded LifePoint to underweight from neutral. S&P also downgraded the shares.

Ciphergen Biosystems (CIPH ) announced the discovery of biomarkers, the development of a multi-marker pattern assay that shows promising results in the detection of early-stage ovarian cancer.

Piper Jaffray cut Sohu.com (SOHU ) estimates. On Friday, the company said China Mobile suspended Sohu as a supplier of mobile multimedia-picture services for one year, effective Sept. 1.

Wal-Mart (WMT ) reportedly still sees August same-store sales up 2% to 4%.

Retailer KMart Holding (KMRT ) posted $1.54 second-quarter earnings per share, vs. a 6-cent loss despite 15% lower same-store sales and 15% lower total sales.

Lowe's (LOW ) posted lower-than-expected 89 cents, vs. 75 cents second-quarter earnings per share on 5.1% higher same-store sales and a 17% net sales rise. The home-improvement retailer sees 65 cents to 66 cents third-quarter earnings per share, 3% to 4% higher same-store sales, and 15% higher total sales. It expects $2.69 to $2.71 fiscal 2005 earnings per share. CIBC World reiterates sector outperform. S&P reiterates accumulate.

Hospitality-services company Sysco (SYY ) posted 43 cents, vs. 37 cents fourth-quarter earnings per share on a 17% sales rise. S&P maintains buy. BB&T Capital downgraded to hold from buy.

St. Paul Travelers (STA ) is seen possibly lower with other insurers on liability exposure to claims from Hurricane Charley.

Embraer-Empresa (ERJ ) posted 46 cents, vs. 3 cents second-quarter EPADS on a 63% sales rise.

A U.S. District Court rejected the Federal Trade Commission's request for a preliminary injunction blocking Arch Coal's (ACI ) acquisition of Triton Coal.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE