Avon and 2 Stocks Pushing the S&P Up 1%
The S&P 500 (NYSEARCA:SPY) is up today 1% and stands at 1,357. These three stocks are experiencing large gains today.
Expeditors international of Washington (NASDAQ:EXPD): Jeffries upgraded Expeditor and the stock is reacted well. The stock has taken a dive since last summer. EXPD shares recently traded at $44.46, up $1.98, or 4.66%. They have traded in a 52-week range of $38.25 to $55.30. Volume today was 1,709,183 shares versus a 3-month average volume of 1,494,160 shares. The company’s trailing P/E is 24.52, while trailing earnings are $1.81 per share.
Avon (NYSE:AVP) has two positive stories on the leadership front. First, Mindy Grossman, who has been praised for her work at the Home Shopping Network, is set to take over Avon. Second, outgoing CEO Andrea Jung promised to keep the dividend and said she would not interfere with any efforts to cut costs. AVP shares recently traded at $19.56, up $0.94, or 5.05%. They have traded in a 52-week range of $16.09 to $31.60. Volume today was 7,089,353 shares versus a 3-month average volume of 6,177,040 shares. The company’s trailing P/E is 11.47, while trailing earnings are $1.70 per share.
NetApp (NASDAQ:NTAP) earnings results came in after-hours yesterday. While results were largely in line with expectations, and revenues came in slightly higher than expected, clearly the market had baked in results that were expected to be much worse. NTAP shares recently traded at $41.99, up $2.11, or 5.29%. They have traded in a 52-week range of $33.00 to $56.49. Volume today was 19,194,499 shares versus a 3-month average volume of 7,341,930 shares. The company’s trailing P/E is 25.58, while trailing earnings are $1.64 per share.
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