Stocks Gainers To Watch (Research In Motion, Oracle Corporation, NYMX)
October 1st, 2011 at 7:47 am Posted by The Dean
Shares of Research In Motion Limited (USA) (NASDAQ:RIMM) are up 1.81% in the Pre-market session after the company said it earned $911.1 million, or $1.74 a share on revenue of $5.49 billion in its third-quarter.
For the ongoing quarter, the company lifted its earnings projections to $1.74 to $1.80 on revenue of $5.5 billion to $5.7 billion, well ahead of analysts’ estimates of $1.61 on $5.46 billion.
Oracle Corporation (NASDAQ:ORCL) is also up 4.56% to $31.65 after the company said late Thursday that it earned 51 cents a share on an adjusted basis in its second-quarter, while its revenue soared 47% to $8.58 billion. That surpassed analysts’ estimates of profit of $0.46 a share and revenue of $8.3 billion.
Nymox Pharmaceutical Corporation (NASDAQ:NYMX) shares more than doubled on news that the company has licensedthe European rights to its experimental prostate drug, NX-1207, to Recordati SpA.
Nymox will entitled to receive $13 million upfront payment. In addition to this, the company will receive sales milestones payments and tiered supply and royalty payments of 26-40% of net sales.
I examined both Oracle (ORCL) and Cisco (CSCO) and found that they both bore strong correlations to IT spending and the S&P 500 (Both levers are currently trending up for the year). What irked me was why Oracle was killing it, while Cisco was floundering. I found that the difference between the two tech giants was in their client base. Cisco is much more exposed to the US public sector than Oracle.
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