Companies Attracting Huge Share Volume March 8th
The Dow Jones (NYSE:DIA) is rising over triple digits today over 12,225, the S&P 500 (NYSE:SPY) is higher at 1323 and the Nasdaq (NASDAQ:QQQQ) is increasing to 2,771 on the 45th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Dick’s Sporting Goods (NYSE:DKS): Dick’s Sporting Goods, Inc. is a sporting goods retailer that operates stores primarily in the eastern and central United States. The Company’s stores offer a broad selection of brand name sporting goods equipment, apparel, and footwear. Shares are up over 5% to $39.60 per share today. Over 4.5 million shares have traded hands. Net income rose 30% to $87.5 million, or $.71 cents per share, in the quarter ended Jan. 29, from $67.4 million, or $.56 cents per share, last year. Revenue rose 14% to $1.52 billion from $1.34 billion last year. Analysts expected revenue of $1.45 billion
2) Sprint (NYSE:S): Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers. Shares are up over 4% to $4.67 per share today. Over 144 million shares have traded hands. Deal rumors are officially here. A potential merger is surfacing between Sprint (NYSE:S) and T-Mobile and would combine the third and fourthlargest U.S. wireless providers behind Verizon (NYSE:VZ) and AT&T (NYSE:T). The Sidekick buzz has faded and now HTC phones are more popular than ever…
3) Urban Outfitters (NASDAQ:URBN): Urban Outfitters, Inc. operates retail stores and direct response, including a catalog and Web sites. The Company’s Urban Outfitters and Anthropologie retail concepts sell fashion apparel, accessories, and household and gift merchandise. Shares are down over 16% to $31.72 per share. Over 13 million shares have traded hands. The company said net income fell to $75.2 million, or $.45 cents per share, compared with $77.7 million, or $.45 cents per share in the same period last year. Revenues jumped 14% to $668.4 million, from $588.5 million in the year-ago quarter. The retailer missed estimates. Analysts, on average, expected profit of $.52 cents per share on revenues of $674. 8 million.
4) U.S. Airways Group (NYSE:LCC): US Airways Group, Inc. is an air carrier that transports passengers, property, and mail. The Company provides regularly scheduled service at airports in the United States, Canada, Europe, the Caribbean, and Latin America. Shares are up 9.4% to $9.08 per share today. 12 million shares have traded hands. Airline stocks are down over 17% since an early November 2010 top. Now that oil prices are stabilizing today, Airline stock fear is down and share prices are rising? Shorts are covering on a reduction of future oil fears….for the moment…
5) Western Refining (NYSE:WNR): Western Refining, Inc., through a subsidiary, refines crude oil and markets petroleum products. The subsidiary primarily produces gasoline, diesel, and jet fuel. The products are marketed in Arizona, New Mexico and Texas in the United States, and Juarez, Mexico. Shares are down over 6% o $14.71 per share today. Almost 6 million shares have traded hands. The company said it lost $7.57 million, or $.09 cents per share last quarter, compared with a net loss of $97.5 million, or $1.11 per share, a year earlier. Revenue dropped 5% to $1.87 billion from $1.96 billion. Analysts had expected earnings of $.07 cents per share on lower revenue of $1.73 billion.
6) BroadSoft (NASDAQ:BSFT): BroadSoft Inc. is a global provider of software that enables fixed-line, mobile and cable service providers to deliver voice and multimedia services over their Internet protocol-based, or IP-based, networks. Shares are up over 40% to $48.87 per share. Over 4 million shares have traded hands. The company said it earned $11.2 million, or $.41 cents per share, for the last three months of 2010, relative to $375,000, or $.05 cents per share, a year earlier. Revenue rose to $35.8 million from $19.3 million. Guiding the next quarterly report, BroadSoft expects adjusted earnings of $.04 cents to $.11 cents per share and revenue of $27 million to $29 million.
7) American Express (NYSE:AXP): American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. Shares are up over 4% to $45.50 per share today. Jefferies Group (NYSE:JEF) is bullish on the stock right now. In other news, U.S. senators are drafting legislation that would delay the implementation of debit-card “swipe” fee rules that banks say would cost them billions of dollars in annual revenue.
8) Coinstar (NASDAQ:CSTR): Coinstar, Inc. owns and operates vending machines and offers financial services. The Company rents movies on DVD from vending machines; operates coin counting machines; and offers global money transfers and prepaid debit/credit cards. Shares are down 5% to $42.32 per share today. With the rise of digital streaming from the likes of Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX), the fear of a reduction in visits to The Redbox could be closer than everyone thinks. Although, the company is remaining fresh with a recent partnership to offer Groupons.
9) Harley-Davidson (NYSE:HOG): Harley-Davidson, Inc. designs, manufactures, and sells motorcycles. The Company’s products include heavyweight touring, custom, and performance motorcycles, as well as a line of motorcycle parts, accessories, and general merchandise. Shares are up 2% to $41.57 per share today. Recently, the S&P issued a rating on HOG $450 million medium-term notes due 2016 at an issue-level rating of ‘BBB.’
10) Starbucks (NASDAQ:SBUX): Starbucks Corporation retails, roasts, and provides its own brand of specialty coffee. The Company operates retail locations worldwide and sells whole bean coffees through its sales group, direct response business, supermarkets, and on the World Wide Web. Starbucks also produces and sells bottled coffee drinks and a line of ice creams. Shares are up 1% to $33.96 per share today. Happy 40-year Anniversary to Starbucks. The coffee company showcased its new words-free logo Tuesday on all its cups.