New ETF Book by Larry Connors - Click here to read more
The following stocks were on the move:
**MOSHI MOSHI HOTLINE SLIDES AFTER CUTTING FORECAST**
Shares of Moshi Moshi Hotline Inc fell 16.7 percent to 1,969 yen after the telemarketing company cut its annual net profit by 5 percent on Wednesday due to a slump in the mobile phone market and after a planned acquisition fell through.
Moshi Moshi said a statement that its subsidiary had planned to make an acquisition and that it had factored the contribution from that into its earnings forecasts for the second half of the business year to March.
It has also been hurt by the slump in Japan's mobile phone market because it runs call centres for the industry.
0139 GMT
**ISUZU FALLS ON OUTLOOK CUT, BROKERAGE DOWNGRADE**
Isuzu Motors Ltd fell 11.3 percent to 180 yen after the truckmaker cut its full-year profit forecast, hurt by a slowdown in truck demand in Japan and the stronger yen, and Mitsubishi UFJ Securities downgraded its rating to "2" from "1".
The firm said it now expected an operating profit of 60 billion yen ($612.9 million) for the year ending in March 2009, down 42.9 percent from the previous forecast.
0119 GMT
**TOYO SUGAR JUMPS AFTER RAISING OUTLOOK**
Toyo Sugar Refining Co jumped 22.1 percent to 116 yen to be the biggest gainer on the Tokyo Stock Exchange's main board after the company hiked its annual operating profit by 14 percent thanks to a price hike on sugar that helped offset rising costs.
Toyo Sugar now sees an operating profit of 890 million yen, against its previous forecast of 780 million yen.
0040 GMT
**DAIKYO PLUNGES AFTER FULL-YEAR LOSS FORECAST**
Daikyo Inc plunged 15 percent to 91 yen after the condominium builder said it now expects to post a net loss for the year ending March 2009, hit by a slump in apartment sales and higher raw materials costs and it is considering issuing new shares to its major shareholder Orix Corp.
Daikyo said it expects a group net loss of 51 billion yen ($510.9 million) instead of a previously projected profit of 9.5 billion yen.
Orix fell 11.9 percent to 10,520 yen.
0023 GMT
(For IPO news, data and diary, click, for stocks click)
(Reporting by Taiga Uranaka)
((taiga.uranaka@thomsonreuters.com; +81-3-6441-1813; Reuters Messaging: taiga.uranaka.reuters.com@reuters.net))
($1=97.89 Yen) Keywords: MARKETS JAPAN STOCKS HOT
(Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com)
COPYRIGHT
Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
MMMM
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
