Fossil, Dean Foods, STEC, Blue Nile, Sodastream Attract Active Traders May 9th

Fossil, Inc. (NASDAQ:FOSL): JPMorgan downgraded Fossil citing a lack of catalysts to move shares higher following yesterday’s 38% decline. The firm thinks Fossil’s business is in a period of transition as growth rates are decelerating and margins compressing, and lowered its price target for shares to $88 from $138. Note Fossil shares were upgraded this morning to Buy at Benchmark Co. Shares of Fossil, Inc. are trading 0.56% higher today.

Dean Foods Company (NYSE:DF): Sees positive free cash flow for rest of year, sees meaningful reduction in debt in 2012. Shares of Dean Foods Company are trading 6.6% higher today.

STEC, Inc. (NASDAQ:STEC): STEC sees Q2 adjusted EPS (26c)-(28c) versus. consensus (13c). Sees Q2 revenue $40M-$42M, consensus $51.63M. Shares of STEC, Inc. are trading 4.74% lower today.

Blue Nile, Inc. (NASDAQ:NILE): William Blair notes that Blue Nile’s annual guidance assumes a sharp recovery in earnings for the second half of the year. The firm believes management may be setting the bar too high, but adds it is still early in the year. William Blair keeps a Market Perform rating on shares of Blue Nile after the company’s Q1 earnings results missed consensus. Shares of Blue Nile, Inc. are trading 10.78% higher today.

Sodastream International Limited (NASDAQ:SODA): SodaStream, which sells soda-making machines, is rallying after the company reported much stronger than expected results and boosted its 2012 guidance. SodaStream, which said the results validate its decision to expand its business around the world, reported Q1 EPS of 55c, compared with the consensus estimate of 35c. Sales of the company’s soda making machines rose 15% compared with the first quarter of fiscal 2011 and sales of CO2 refills jumped 29%. Sales of flavors surged 52%. SodaStream expects its net income to jump 50% in fiscal 2012, compared with fiscal 2011. The company had previously expected its net income to increase 42%. Meanwhile, SodaStream now expects its FY12 revenue to jump 33% year-over-year. The company had previously anticipated that its revenue would increase 28%. In early trading, SodaStream rallied $6.49, or 22.23%, to $35.68. Shares of Sodastream International Limited are trading 22.72% higher today.

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