3 Stocks Attracting Huge Trading Interest April 7th
The Dow Jones (NYSE:DIA) is flat at 12,434, the S&P 500 (NYSE:SPY) is increasing to 1338 and the Nasdaq (NASDAQ:QQQ) is slightly higher at 2,811 on the 67th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Express, Inc. (NYSE:EXPR): Shares are up over 3% to $19.91 per share today. Over 5 million shares have traded hands. Limited Brands’ (NYSE:LTD) Victor Secret released a very positive report this morning stating the company’s same-store sales jumped 19%, giving a lift to Express. Also, Express announced a public offering of 19 million shares of stock at $19 per share this morning. Bank of American/Merrill Lynch (NYSE:BAC), Piper Jaffray (NYSE:PJC) and Morgan Stanley (NYSE:MS) are working the deal. Express, Inc. operates specialty retail apparel stores throughout the United States that target women and men between 20 and 30 years old. The Company offers apparel and accessories to address fashion needs across multiple aspects of their lifestyles including work, casual and going-out occasions. Express operates stores throughout the United States and retails online. Competitors to Express Inc. include
2) General Electric Company (NYSE:GE): Shares are down just under 1% to $20.42 to per share today. Over 5 million shares have traded hands. GE announced it will be building a $6oo million plant to manufacture solar panels, another big step toward more efficient and lower cost future energy. General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally. Competitors to General Electric include Siemens (NYSE:SI), 3M (NYSE:MMM), Honeywell (NYSE:HON), United Technologies (NYSE:UTX) and Danaher (NYSE:DHR). 10 Solar Stocks You Must Add to Your Investing Watch List Now>>
3) Bed Bath & Beyond Inc. (NASDAQ:BBBY): Shares are up over 9% to $53.93 per share. Over 3.5 million shares have traded hands. The company reported net income of $1.12 per share on revenue of $2.5 billion versus analysts’ expected earnings of $.97 cents per share on revenue of $2.39 billion. BBBY projected an earnings jump of 10% to 15%, which would imply a profit of $3.38 to $3.53, higher than originally anticipated. Bed Bath & Beyond Inc. operates a nationwide chain of retail stores. The Company, through its retail stores, sells a wide assortment of merchandise principally including domestics merchandise and home furnishings as well as food, giftware, health and beauty care items and infant and toddler merchandise. Competitors to Bed Bath include Williams-Sonoma (NYSE:WSM) and Pier 1 Imports (NYSE:PIR).