Big News Stock Movers: Amazon.com Stumbles While JA Solar Climbs
The markets are up today. The Dow Jones Industrial Average (NYSEARCA:DIA) is surging higher 98 points, or .81%, to 12,250. The S&P 500 (NYSEARCA:SPY) is up 10 points, or .81%, to 1,259, and the Nasdaq (NASDAQ:QQQ) is up 14 points, or .56%, to 2,604. The following stocks are trending on trading radars today:
Exar Corp. (NASDAQ:EXAR) dropped 3.6 percent to $6.43. The designer of chips for device connectors and power management slashed its third-quarter revenue forecast to a maximum of $30 million, down from a previous prediction of at least $32 million and under the average analyst estimate of $33.1 million.
JA Solar Holdings Co. (NASDAQ:JASO) is up 4.6 percent to $1.38 with reports from the solar company that it has contracted to provide Solarhybrid AG with 19 megawatts of solar modules.
Amazon.com Inc. (NASDAQ:AMZN) tumbled 3.2 percent to $168.27. According to Goldman Sachs Group Inc.’s Heather Bellini, data from ComScore indicate the online retailer’s fourth-quarter revenue may be $17.9 billion, less than the average analyst estimate of $18.2 billion.
Mosaic Co. (NYSE:MOS), the world’s largest producer of phosphate fertilizer, fell 3.2 percent to $48.70 and reports plans to cut production by as much as 250,000 metric tons through the first quarter of 2012.
Alexion Pharmaceuticals Inc. (NASDAQ:ALXN), manufacturer of a drug for a rare blood disease, fell 2.2 percent to $69.40. The company plans to buy Enobia Pharma Corp. for as much as $1.08 billion, adding experimental treatments for genetic metabolic disorders.
Further Reading: Congress Loves These Safe-Haven Stocks>>
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