DCGN, TTGT, GRAN Expected To Be Lower After Earnings Releases on Wednesday
November 23, 2009 / M2 PRESSWIRE / BUYINS.NET / www.squeezetrigger.com is monitoring the performance of all stocks with earnings being released Wednesday, November 25th and determining how the stocks have performed after their last 12 quarterly, 6 quarterly and November earnings reports. deCODE Genetics (NASDAQ: DCGN), TechTarget (NASDAQ: TTGT) and Bank of Granite (NASDAQ: GRAN) are all expected to be lower after their earnings are released Wednesday. The movement of stock prices in the days and weeks leading to and following these earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The # of Reports in the table below shows how many previous quarterly reports comprise the indicator that predicts how a stock will act after its earnings are released. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The following stocks are expected to go lower after earnings are released Wednesday:
Symbol Company # of Quarters Quarter Release Time
DCGN deCODE genetics 12 quarters Q3 After
TTGT TechTarget, Inc. 12 quarters Q3 After
GRAN Bank of Granite Corp 12 quarters Q3 During
Earnings, or profits, drive stock prices. The market values a company based on its current and anticipated future ability to make money. The market takes the earnings pulse of a company four times per year when quarterly reports are issued. When this information is released it can often be a trend-changing or a trend confirming event because the information is so vital to the market's perception of the vitality of that company.
This technology is designed to help the stock trader identify those companies that seem to have a consistent pattern of movement before or after the earnings release date, based on the history of earnings releases for that company. It combines a calendar of expected earnings releases with a history of past earnings releases in a way that lets you see if a pattern exists.
deCODE genetics, Inc. (NASDAQ: DCGN), a bio-pharmaceutical company, develops and markets products for the treatment, diagnosis, and prevention of common diseases. It offers DNA-based diagnostic tests to detect single-letter variations in the human genome (SNPs), such as deCODE T2, which detects SNPs associated with risk of type 2 diabetes; and deCODE AF, which detects SNPs associated with risk of atrial fibrillation and stroke. The company also provides deCODE MI, which detects SNPs associated with early-onset heart attack/myocardial infarction; deCODE Glaucoma, which detects SNPs linked to risk of exfoliation glaucoma; and deCODE BreastCancer, which detects SNPs linked to risk of various forms of breast cancer. In addition, its lead drug development programs include DG041 for the prevention of arterial thrombosis, DG051 for the prevention of heart attack has completed Phase IIa clinical studies; DG031 for the prevention of heart attack has completed reformulation. Further, the companya�s DNA-based risk diagnostic tests in development include melanoma, basal cell cancer, bladder cancer, and lung cancer. Furthermore, it provides contract genotyping services; deCODEme, a consumer genetic analysis service; deCODEme Cardio for cardiovascular-related diseases; and deCODEme Cancer for several common types of cancer. The company serves pharmaceutical companies, biotechnology firms, pharmacogenomics companies, government institutions, research consortia, academic institutions, universities, and other research institutions in the United States and Europe. It has a strategic alliance with Illumina, Inc. to develop and commercialize molecular diagnostic products. deCODE genetics, Inc. was founded in 1996 and is headquartered in Reykjavik, Iceland. On November 16, 2009, deCODE genetics, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
TechTarget, Inc. (NASDAQ: TTGT) provides specialized online content that brings together buyers and sellers of corporate information technology (IT) products. The company sells customized marketing programs that enable IT vendors to reach corporate IT decision makers who are researching specific IT purchases. As of December 31, 2008, it operated a network of approximately 60 Web sites, which focus on a specific IT sector, such as storage, security, or networking. The companya�s online offerings include in-person events and specialized IT magazines, which enable advertisers to engage buyers in their decision-making process for IT purchases. Its registered members also conduct pre-purchase research by accessing vendor content, such as white papers, Web casts, video casts, virtual events, and pod casts. In addition, TechTargeta�s network of Web sites allows users to interact and contribute content during their research process. The company was founded in 1999 and is headquartered in Needham, Massachusetts.
Bank of Granite Corporation (NASDAQ: GRAN) operates as the bank holding company for Bank of Granite that provides community banking services to individual and business customers in the western part of North Carolina. It offers deposit products, such as interest-bearing and non-interest-bearing demand deposits, savings accounts, NOW accounts, money market accounts, time deposits, and certificates of deposit; and real estate, agricultural, construction, financial, commercial or business related, and consumer loans. The company, through its subsidiary, Granite Mortgage, Inc., engages in the origination and sale of residential and real estate mortgage loans to individuals. It specializes in government guaranteed mortgage products. As of May 7, 2009, Bank of Granite Corporation operated 22 full-service banking offices in Burke, Caldwell, Catawba, Forsyth, Iredell, Mecklenburg, Watauga, and Wilkes counties, as well as a loan production office in Guilford county. The company was founded in 1906 and is headquartered in Granite Falls, North Carolina.
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