Hot Stock Minute

Stocks to Watch: CCL, BWS, HIBB, VELT

Carnival Cruise Lines is first among our stocks to watch. Carnival is reporting earnings this morning. It's no secret this company has hit some rough seas over the past three months. The period covers the disaster on the Carnival Triumph where an engine room fire knocked out power and plumbing, stranding people for days. By the way, two of Carnival's ships-- the Legend and the Dream-- are currently having mechanical problems. Carnival hit its 52-week high of nearly $40 around Christmas. It has been trading about 10% shy of that.

Already reporting this morning is the Brown Shoe Company (BWS). Net earnings were 9-cents a diluted share versus a loss of 21-cents for the same period last year. This stock was up more than 2% yesterday, and is just about a dollar shy of its 52-week high. Brown Shoe is the parent company of Famous Footwear and Naturalizer, plus a number of other brands. The company declared a 7-cent dividend ahead of the earnings report, which could be the reason for yesterday's rise.

Also reporting this morning is Hibbett Sports (HIBB). The company says its net sales increased 14% over the same time last year. Hibbett owns sporting goods stores in small to mid-sized markets. Most of its locations are around the Southeast, Southwest and Midwest. Keep in mind we saw larger rival Dick's Sporting Goods (DKS) plummet after reporting earnings on Monday, but then regain its footing with some analyst upgrades.

Finally, we take a second look at Velti Mobile (VELT), which we first mentioned on Wednesday. It has been up in premarket trading, but bled another 14% yesterday. That was on top of more than a 25% loss on Wednesday. Velti's business is mobile advertising. The company's meltdown began after it reported earnings. Velti posted a loss of $5 million, compared to net income of $25 million a year ago.

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