Despite a noncommittal mood on Wall Street, there are a few stocks garnering quite a bit of attention and making some headway in this unsteady market. Specifically, shares of software company CA were last up more than 3% after the company reported second-quarter net income of $137 million, or 26 cents per share. Revenue rose 8% to $1.07 billion. Analysts had expected earnings of 26 cents a share on revenue of $1.01 billion. CA also boosted its full-year 2008 forecast to between 87 and 91 cents per share and revenue in the range of $4.15 billion to $4.2 billion.
The stock was much higher in early trading, but has since pulled back below short-term resistance at the 27 level. Peak call open interest for the November series resides at the 27.50 level, so a bit of pinning to this region until expiration could be a problem for the stock. However, upgrades from the unappreciative analyst community could prove quite helpful. According to Zacks, all 8 analysts covering CA rate the stock a hold or worse. Today's earnings could spark some activity from the brokerage bunch that could finally help CA breakout above the 27-27.50 region.