ITI, MBVT, LEGC, GIGM, SRDX, CHFC Expected To Be Down After Next Earnings Releases
January 25, 2011 / M2 PRESSWIRE / BUYINS.NET / www.squeezetrigger.com is monitoring the performance of all stocks with earnings being released Wednesday, January 26th 2011 and determining how the stocks have performed After their last 12 quarterly, 6 quarterly and January earnings reports. ITERIS INC (AMEX:ITI), MERCHANTS BANCSHARES INC (NASDAQ:MBVT), LEGACY BANCORP INC (NASDAQ:LEGC), GIGAMEDIA LTD (NASDAQ:GIGM), SURMODICS INC (NASDAQ:SRDX), CHEMICAL FINANCIAL CORP (NASDAQ:CHFC) are all expected to be Down 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 Down After earnings are released Wednesday:
Symbol Company # of Reports Quarter Release Time ITI ITERIS INC 12 Quarter Q3 After MBVT MERCHANTS BANCSHARES INC 12 Quarter Q4 After LEGC LEGACY BANCORP INC 6 Quarter Q4 After GIGM GIGAMEDIA LTD 12 Quarter Q3 Before SRDX SURMODICS INC 12 Quarter Q1 After CHFC CHEMICAL FINANCIAL CORP January Earnings Q4 After
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.
ITERIS INC (AMEX:ITI) - Iteris, Inc. operates in the traffic management market that focuses on the development and application of technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems. The company operates in three segments: Roadway Sensors, Vehicle Sensors, and Transportation Systems. The Roadway Sensors segment includes Vantage vehicle detection systems, the video vehicle detection systems that detect the presence of vehicles on roadways. Its Vantage systems are also used at signalized intersections to enable the allocation of green signal time; for incident detection and highway traffic data collection applications; and for traffic intersection control that are sold through indirect sales channels, such as independent dealers in the United States and Canada. The Vehicle Sensors segment offers AutoVue lane departure warning (LDW) systems, which consists of a small windshield mounted sensor that uses software to detect and warn drivers of unintended lane departures in North America and Europe. It sells its AutoVue LDW systems directly to heavy truck manufacturers and to the United States truck fleets. The Transportation Systems segment includes transportation engineering and consulting services, which are focused on the planning, design, development, and implementation of surface transportation infrastructure and software-based systems that integrate sensors, video surveillance, computers, and communications equipment to enable public agencies to monitor, control, and direct traffic flow; assist in the quick dispatch of emergency crews; and distribute information 'about traffic conditions. It also develops transportation management and traveler information systems for the ITS industry. This segment sells its services and systems to local, state, and national transportation agencies in the United States. Iteris, Inc. was founded in 1969 and is headquartered in Santa Ana, California.
MERCHANTS BANCSHARES INC (NASDAQ:MBVT) - Merchants Bancshares, Inc. operates as the bank holding company for The Merchants Bank that provides commercial banking products and services in Vermont. The company offers various deposit products, which comprise interest bearing and non-interest bearing checking accounts, money market accounts, club accounts, health savings accounts, and short-term and long-term certificates of deposit, including a flexible CD instrument. It also provides credit programs, such as secured and unsecured installment lending, home equity lines of credit, home mortgages, and credit cards; one-to-four-family residential mortgages, and residential construction and seasonal dwelling mortgages; and consumer loans, such as home improvement and home equity lines of credit, and various personal loans. In addition, Merchants Bancshares offers cash management services, which comprise investment sweep, line of credit sweep, multiple sweep, and funds concentration; and customary check collection services, wire transfers, safe deposit box rentals, and automated teller machine services, and debit cards. Further, the company provides investment management, financial planning, and trustee services; commercial online banking services; bill payment services; and lock box services, night depository, coin and currency handling, and balance reporting services. As of December 31, 2009, it operated 34 full-service banking offices and 42 automated teller machines in Vermont. The company was founded in 1849 and is headquartered in South Burlington, Vermont.
LEGACY BANCORP INC (NASDAQ:LEGC) - Legacy Bancorp, Inc. operates as the bank holding company for Legacy Banks that provides various financial products and services to individuals, families, and businesses. Its deposit products include checking accounts, regular savings accounts, money market deposits, and time deposits, including certificate of deposit accounts and individual retirement accounts. The company originates residential real estate loans secured by one-to-four-family residences, commercial real estate loans, residential and commercial construction loans, commercial loans, home equity lines-of-credit, fixed rate home equity loans, and consumer and other loans, including auto loans, manufactured housing loans, and loans secured by passbook savings or certificate accounts. It also offers insurance and investment products and services, investment portfolio management services, debit and credit card products, and online banking services. As of December 31, 2009, Legacy Bancorp operated through 19 branch offices located in western Massachusetts and eastern New York State. The company was founded in 1835 and is headquartered in Pittsfield, Massachusetts.
GIGAMEDIA LTD (NASDAQ:GIGM) - GigaMedia Limited provides gaming software and services to the online gaming industry in the Peoples Republic of China, Taiwan, Hong Kong, and Macau. It operates through two segments, Gaming Software and Service, and Online Game and Service. The Gaming Software and Service segment develops and licenses online poker and casino gaming software solutions and application services primarily for continental European markets. This segment offers online gaming software, online gaming management tools, and application and consulting services. The Online Game and Service segment operates play-for-fun games online, and provides related services for online game players. This segment offers a portfolio of online games, including MahJong, a traditional Chinese tile game; MMORPG, an Internet-based computer game; advanced casual games; and card, chance-based, and simple casual games. The company offers its products and services to online poker and casino markets. It has strategic alliance with Access China Holding Limited, Numen Soft Co. Ltd., and Gorilla Banana Entertainment Corp. GigaMedia Limited was founded in 1997 and is headquartered in Taipei, Taiwan.
SURMODICS INC (NASDAQ:SRDX) - SurModics Inc. provides drug delivery and surface modification technologies to the healthcare industry. It offers coatings, microparticles, nanoparticles, and implants; surface modification coating technologies that impart lubricity, prohealing, and biocompatibility capabilities; and components for in vitro diagnostic test kits and specialized surfaces for cell culture and microarrays. The company primarily focuses on cardiovascular disease, ophthalmology, pharmaceutical, in vitro diagnostics, and additional clinical markets. SurModics was founded in 1979 and is headquartered in Eden Prairie, Minnesota.
CHEMICAL FINANCIAL CORP (NASDAQ:CHFC) - Chemical Financial Corporation operates as the holding company for Chemical Bank that offers commercial banking services in Michigan. Its products and services include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box services, money transfer services, and automated teller machines. The company also provides mutual funds, annuity products, and market securities to customers, as well as issues title insurance to buyers and sellers of residential and commercial mortgage properties, including properties subject to loan refinancing. In addition, it offers corporate and personal trust and investment management services. As of February 23, 2010, the company operated 129 banking offices. Chemical Financial Corporation was founded in 1973 and is headquartered in Midland, Michigan.
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