Ahhh, make them stop.. so many earnings so little time.  Ok, just going to highlight a few of the stocks I think will be worth watching tomorrow as earnings reports are digested.  For more on the SelfInvestors.com ranking system, please see this page.) 

Rank 53/60

Right at the top of the list is Cogent Systems (COGT), a provider of automated fingerprint identification systems (AFIS) and other fingerprint biometrics solutions to governments, law enforcement agencies and other organizations worldwide.  Yes, this will be big business for years to come if not already.  Cogent Systems reported great results again this quarter beating earnings estimates by 3 pennies a share as well as revenue estimates.  That translates to an 89% year over year increase in earnings and a 130% increase in revenue.  The stock is up just a bit after hours.

"During the second quarter we grew revenues by 131% year over year, announced over $75 million in new contracts and orders and successfully completed our follow-on equity offering," commented Ming Hsieh, President and Chief Executive Officer of Cogent. "Our record quarter was driven by continued strong demand for our AFIS systems and services. During the quarter, we successfully expanded on our business with follow-on orders from existing customers and also diversified our client base with large orders from new customers. Our leading technology enabled us to win a number of important new contracts for border control, voting applications, law enforcement and point of sale applications for the fast growing commercial market. Looking ahead, demand for biometric solutions continues to rise, and we are seeing an increasing number of opportunities."

Cogent Systems is carving out its first base since going public last year.  Technically, its not an outstanding chart, but hey, few charts are.  The decline of nearly 50% in the base is too steep, but the up versus down volume in the right side is just what you want to see in a winning stock.  A breakout above 30 would offer an opportunity to initiate a position, but I’d probably be setting a tight stop just below the 20 day moving average (currently around 29).

• MEMC Electronic Materials (WFR): The supplier of silicon wafers said second quarter earnings fell 3 percent due to an industry wide inventory surplus, which the company predicts is finally coming to an end.  Earnings were in line with estimates and revenues beat, but the stock is down 4% in after hours trading.  The stock broke out at 14.42 on June 8th and didn’t waste any time soaring 30% in a short time.  Might be time for a pit stop at the 50 day moving average at around 16.

Rank 52/60

The leading designer of graphite golf shafts (i’m still convinced the reason my own golf game is poor is because of the equipment – there must be a slight bend or something in all of my clubs.. maybe time for an Aldila set!) continues to be off the radar of Wall Street analysts, but that may change with the latest quarter.  The company reported a revenue increase of 53% over the year ago quarter and an earnings increase of 68%.  The stock is soaring after hours, up over 20%.  I might be willing to nibble a bit should the stock consolidate quietly around the $24 – 25 range for a few weeks.  I don’t like the short base.. it needs more time to digest the big gains over the past year.

Rank 50/60

• Pulte Homes (PHM): The good news from the home builders just keep rolling in.  Pulte announced a revenue increase of 31% and an earnings increase of 62% over the year ago period.  The company’s backlog rose 24%, they raised the ’05 outlook, increased the dividend and to top it off, set a 2 for 1 stock split.  Pulte is up a couple bucks in after hours trading.
• Cleveland Cliffs (CLF): The producer of iron ore pellets absolutely blew out earnings after the bell today, whopping estimates by .43/share.. setting the stage for a possible breakout in a nice looking base.  Shares up over 5% in after hours trading.
• Range Resources (RRC): I have this company as one of the highest rated oil stocks in the database and todays earnings report will keep them there.  However, they missed the lofty analyst estimates.  Not much change after hours.

Others notables that reported after the bell last night (in order of rank)..

Netlogic Microsystems (NETL) – beats by .04, stock up 4% after hours
HealthExtras (HLEX) – reports in line
Talx Corp (TALX) – beats by .02, guides higher, stock down 4% after hours
Internet Security Systems (ISSX) – reports in line, but indicated 3Q may fall short, down 7% hours
Witness Systems (WITS) – beats by penny, but guides lower for Q3, down 3% AH
Questar (STR) – beats by .02
Intermagnetics (IMGC) – beats by .01, shares down 7%
Roper Industries (ROP) – beats by .04, declares 2 for 1 stock split
BJ’s Restaurants (BJRI) – beats by penny
Harris Corp (HRS) – beats by .02, ups guidance, up 3% after hours
Manitowoc (MTW) – beats by .07
Bell Microproducts (BELM) – misses by penny, beats on revenue, down 4% AH
Nautilus (NLS) – reports in line, reaffirms guidance, down 3% AH