Sears Holdings (NASDAQ: SHLD) is trading off 10% on poor Q4 numbers.

A.S.V. (NASDAQ: ASVI) is up 44% on a buy-out from Terex (NYSE: TEX).

Home Depot (NYSE: HD) is up 1.6% on new of an upgrade from Credit Suisse.

IBM (NYSE: IBM) is up almost 9% on Q4 numbers.

Stocks may trade differently in the pre-market than they do in the regular session.

Douglas A. McIntyre is an editor at 247wallst.com.

MOST NOTEWORTHY: Time Warner Cable , Solera Holdings (SLH) and BioDel (BIOD) filled this morning's initiation list:

• Wachovia is positive on Time Warner Cable's (NYSE: TWC) competitive position, growth opportunities and valuation, starting shares off with an Outperform rating...

• Solera (NYSE: SLH) was initiated at Deutsche Bank and Citigroup with a Hold rating; Goldman started Solera with a Buy rating and JP Morgan initiated shares with an Overweight rating...

• BioDel (NASDAQ: BIOD) was initiated at Banc of America with a Buy rating, as the company's proprietary technology Viadel enables faster uptake of insulin that more closely mimic's the body's natural first phase insulin response. Leerink started shares with an Outperform and Morgan Stanley initiated shares with an Overweight rating...

OTHER INITIATIONS:

• UBS started Under Armour (NYSE: UA) with a Buy rating.

• Pinnacle Gas Resources (NASDAQ: PINN) was initiated with a Sector Perform rating at RBC Capital.

• FTI Consulting (NYSE: FCN) was initiated with a Buy rating at Stifel.

• UBS initiated Tyco International (NYSE: TYC) with a Buy rating.

• A.S.V. Inc (NASDAQ: ASVI) was initiated with a Buy rating at Oppenheimer.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

So you need a vehicle for loading, scooping and hauling at a damage-sensitive work site, where a conventional bulldozer just won't do. Who do you call? How about a Grand Rapids, Minnesota firm that was co-founded by Edgar Hetteen, the "Grandfather of Snowmobiling?"

ASV, Inc. (NASDAQ:ASVI) designs and manufactures track-driven all-season vehicles. ASV also manufactures rubber track undercarriages, which are primary components in multi-terrain loaders. ASV products traverse nearly any surface with minimal damage to the ground, making them effective in industries such as construction, landscaping and agriculture. An ASV wholly-owned subsidiary, Loegering Manufacturing, provides traction products and attachments for the skid steer industry.

The company pleased investors last week, when it reported solid fourth quarter numbers and issued in-line guidance for FY07 results. The CEO cited the establishment of a new assembly facility and the launch of new products for the favorable outlook. The news kept ASVI shares cycling through a positive five-month trading channel. The price is currently consolidating at the base of that channel, where oversold CCI, MACD, Momentum and Stochastic technical parameters suggest the potential for a rise back toward the top.

Brokers recommend the shares with three "strong buys" and three "holds." Analysts see a 21% growth rate, through the next year. The ASVI PEG ratio (1.26), Price to Book ratio (2.30), Price to Cash Flow ratio (6.21), Return on Assets (11.55%) and Return on Investment (13.07%) compare favorably with industry, sector and S&P 500 averages.

Institutions hold about 70% of the outstanding shares. The stock is one of those used to calculate the S&P 600 SmallCap Index. Over the past 52 weeks, it has traded between $13.61 and $18.49. A stop-loss of $12.80 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

MOST NOTEWORTHY: Ipsco Inc (IPS) and ASV Inc (ASVI) were today's most notable initiations:

• RBC believes Ipsco Inc (NYSE: IPS) is an acquisition candidate and initiated the company with a Top Pick rating.

• Ferris, Baker Watts started ASV Inc (NASDAQ: ASVI) with a Buy rating and $20 target, as the firm believes ASV Inc is the only manufacturer to design rubber track loaders from the ground up and to employ a suspended undercarriage.

OTHER INITIATIONS:

• Jefferies initiated CDI Corp (NYSE: CDI) with a Hold rating and $28 target and is positive on the long-cycle drivers of CDI's business; the firm also believes the company has the potential for operating leverage, but will remain on the sidelines due to concerns of the near-term macro environment.

• Wachovia initiated Sealy Corp (NYSE: ZZ) with a Market Perform rating citing lack of visibility into fourth-quarter and first-quarter earnings.

• Sun Trust Robinson Humphrey initiated HealthSouth Corp (NYSE: HLS) with a Buy rating and $27 target.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).