(PVH) - buy
Phillips-Van Heusen sees Q4 EPS of 52 to 54 cents vs 44 cents consensus, rev of $603M to 608M vs $595.1M consensus and strong performance for Q4.

(ELX) - buy
Emulex sees Q2 net rev of $107-$108M vs. $90.7M consensus. Per President and CEO Jim McCluney, “We are exceptionally well positioned to deliver meaningful revenue growth in 2010.”

(CRUS) - buy
Cirrus Logic expects net rev for Q3 to be up 49% yoy. Use caution with low average trading volume.

(KFN) - short
KKR Financial Holdings expects to record up to $80M charges for Q4 reflecting the deterioration in portfolios of mortgage-backed securities and corporate loans.

(CVX) - short
Chevron warned that it expects to record lower profit for Q4 compared to previous quarter in part from "significantly weaker" margins in its refining business.

(ERTS) - short
Electronic Arts slashed fiscal 2010 forecast to earnings of 40 to 55 cents a share compared to prior forecast of 70 cents to $1 a share.

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