3 Stocks Gaining Major Trading Popularity April 6th
The Dow Jones (NYSE:DIA) is fading on the day to 12,418, the S&P 500 (NYSE:SPY) is up a point to 1333 and the Nasdaq (NASDAQ:QQQ) is slightly higher at 2,794 on the 66th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) DISH Network Corp. (NASDAQ:DISH): Shares of DISH Network just moved into negative territory to $$24.25 per share today. Over 1.9 million shares have traded hands. The company announced it is buying Blockbuster assets for $320 million in a bankruptcy auction. DISH gains 1,700 Blockbuster store locations all over the U.S. from the deal. DISH Network Corp. provides a direct broadcast satellite subscription television service in the United States. The latest acquisition continues to heat up the media space and shed light on DirecTV (NASDAQ:DTV), Comcast (NASDAQ:CMCSA), Hughs Communications (NASDAQ:HUGH), Tivo (NASDAQ:TIVO), Cablevision (NYSE:CVC) and Time Warner Cable (NYSE:TWC) to consider making some deals. Why is Dish Network Buying Failing Blockbuster?>>
2) American Superconductor Corporation (NASDAQ:AMSC): Shares of American Superconductor are trading lower 41.48% to $$14.51 per share today. Over 28.5 million shares have traded hands. American Superconductor guided fourth quarter revenue under $42 million. Analysts are expecting earnings of $.18 cents per share on revenue of $96.1 million for the quarter. The company also said its full-year earnings will be “well below” its previous forecasts but did not give a number.American Superconductor Corporation is an energy technologies company that offers solutions based upon its programmable power electronic converters and high temperature superconductor wires. The Company serves the utility, industrial and wind power markets. Competitors include American Electric Technology (NASDAQ:AETI), Babcock & Wilcox (NYSE:BWC) and Franklin Electric (NASDAQ:FELE).
3) Skyworks Solutions, Inc. (NASDAQ:SWKS): Shares are down 9.4% to $28.18 per share. Over 10.73 million shares have traded hands. Charter Equity downgraded the stock today on rationale that the company will see lower revenues from the next generation iPhone (NASDAQ:AAPL). Competitors such as TriQuint (NASDAQ:TQNT) and Avago (NASDAQ:AVGO) are beginning to threaten market share. Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications. The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide. The company’s other competitors include RF Micro Devices (NASDAQ:RFMD), Analog Devices (NYSE:ADI) and Maxim Intergrated (NASDAQ:MXIM).