Stock of the Day

Today's SOTD is Syneron Medical (ELOS), which reported earnings this morning.

Pro forma EPS beat estimates by 2 cents, and revenues rose 37% from the year-ago period. Gross margins decreased slightly due to a higher international mix of revenues.

Europe, Asia, and Latin America continue to grow well, and totalled 50% of revenue. N. America was flat, but management expects it to pick up in 2H06.

The company has invested lots in its sales force, and has lots of new products in its lineup.

The stock is gapping higher today by more than +15% on a huge spike in volume. This should be the signal that a new uptrend is at hand.