(CREE) - buy
Cree fiscal 2nd-qtr profit rises 62 percent, helped by $4.4M in patent licensing fees.

(BK) - short
Bank of NY Mellon 4Q profit plunges 95 percent.

(HBHC) - short
Hancock Holding reports Q4 results of $0.26 per share vs, First Call consensus of $0.57. Co says, "The Co's Q4 results were heavily impacted by the continuing financial crisis and on-going national economic recession. In addition, weaknesses in residential development and rising unemployment levels in the co's market areas also impacted Q4 earnings.

(ADI) - short
Analog Devices slashes 1st-quarter outlook on weak demand. Co issues downside guidance for Q1, sees EPS of $0.15-0.17 down from $0.22-0.23 vs. $0.22 First Call consensus.

(AMSC) - short
American Superconductor sees wider-than-expected 3rd-qtr loss on unforeseen costs. Co lowers Q3 EPS to ($0.18)-(0.21), may not be comparable to the ($0.11) First Call consensus.