A few high quality names are reporting earnings this morning, led by Hansen Natural (HANS) [Rank 52/60], which is reaping big profits thanks to soaring sales of its line of energy drinks.  This morning the company is reporting earnings of .62/share, smashing estimates on a post split basis by .17/share on sales of 85.4 million, also beating estimates by a wide margin.  That’s good for a 181% increase in earnings from the year ago period and an 85% increase in revenue growth.  The stock continues to march higher and hasn’t touched down at the 50 day moving average since last March.  The stock is up another 10% in premarket trading.

[Rank 51/60]

• Berry Petroleum (BRY): The leading oil company beat estimates this morning by 2 cents a share on a revenue increase of 45% from the previous quarter.  The stock is currently carving out the right side of a fairly deep base.
• Tower Group (TWGP): One of the fastest growing companies around.. and its an insurance company!  The company is matching analyst estimates for another outstanding quarter of growth, with earnings increasing 138% (.24/share) over the year ago period on revenues of 50.3 million (92% increase).  The stock broke out to all time highs on June 9th following the first base since the IPO late last year and looks outstanding technically.
• Asta Funding (ASFI):  A leading consumer receivables asset management and liquidation company is reporting record quarter over quarter growth this morning and smashed estimates for revenue and earnings.  Earnings growth is up 52% over the year ago quarter while revenues soared 58%.  It appears the stock will get a big bounce off the 200 day moving average this morning as the stock is surging in premarket trading, up 10%.

Others worth watching (in order of rank):

Lo Jack (LOJN) – up 14% premarket, NDS Group (NNDS) – up 7% premarket, Salix Pharma (SLXP), Innkeepers USA (KPA) and Ralph Lauren (RL) – up 4% premarket.