High Demand Stocks Attracting Trading Interest During Holiday Week

On Tuesday, the DJIA is trading higher at 12,307, the S&P 500 Index is trading at 1,266 and the Nasdaq is trading at 2,627. Here are the companies driving the market news on Wall Street today:

Sears Holdings Corporation (NASDAQ:SHLD): Shares of Sears Holdings Corporation are trading lower 24% today. Sears Holdings announced plans to close 100-120 Kmart and Sears Full-line stores. Sears Holdings Corporation is a broadline retailer with full-line and specialty retail stores in the United States and Canada. The Company retails home appliances, as well as tools, lawn and garden products, home electronics, and other products. Sears Holdings also provides automotive repair and maintenance.

Cal-Maine Foods, Inc. (NASDAQ:CALM): Shares of Cal-Maine Foods, Inc. are trading higher 4.5% today. The company beat expectations, pushing the stock price upward. Cal-Maine Foods, Inc. produces, cleans, grades, packs, and sells fresh shell eggs. The Company markets its products in various states in the Southwestern, Southeastern, Midwestern, and Mid-Atlantic regions of the United States.

Parlux Fragrances, Inc. (NASDAQ:PARL): Shares of Parlux Fragrances, Inc. are trading higher 71% today. Perfumania Holdings Inc. said it agreed to acquire Parlux Fragrances Inc. in a deal valued at $170 million. Parlux Fragrances, Inc. is a manufacturer and international distributor of prestige fragrances. The Company holds the licenses to manufacture and distribute the designer fragrance brands of Perry Ellis and Fred Hayman Beverly Hills. Parlux also owns, manufactures, and distributes its own fragrance brand, Animale Parfums.

GigaMedia Limited (NASDAQ:GIGM): Shares of GigaMedia Limited are trading higher 22% today. The company said it sold all of its ownership interest in T2CN Holding Ltd to Hornfull Limited. GigaMedia Ltd. provides online entertainment software and services to the online gaming industry, particularly the online poker and casino industry. The Company develops and licenses software for online gambling; and offers MahJong and other games online. GigaMedia Ltd. operates in Greater China, including the Peoples Republic of China, Taiwan, Hong Kong, and Macau.

Cogdell Spencer Inc. (NYSE:CSA): Shares of Cogdell Spencer Inc. are trading higher 9% today. Chicago-based medical real estate investment trust Ventas announced it has agreed to buy Charlotte based Cogdell Spencer for $4.25 a share. Cogdell Spencer Inc. owns specialty office properties for the medical profession. The Company focuses on the ownership, development, redevelopment, acquisition, and management of strategically located medical office buildings and other healthcare related facilities in the southeastern United States.

Magnum Hunter Resources Corp (NYSE:MHR): Shares of Magnum Hunter Resources Corp are trading higher 16% today. The company increased its production estimates for this year and next year on higher-than-expected output from new wells. Magnum Hunter Resources Corporation explores for oil and natural gas.

PokerTek, Inc. (NASDAQ:PTEK): Shares of PokerTek, Inc. are trading higher 30% today. The gaming company is seeing a lift due to a Justice Department opinion that gives state power to legalize most forms of online gambling within their borders. PokerTek, Inc. has developed and markets an electronic poker table that provides a fully-automated poker-room environment. The Company markets its system to tribal casinos, commercial casinos, and card clubs.

Piedmont Natural Gas Company Inc. (NYSE:PNY): Shares of Piedmont Natural Gas Company Inc. are trading higher 1% today. Investors are seeing the 3.4% dividend as very attractive for the energy company. Piedmont Natural Gas Company, Inc. is an energy and services company that primarily transports, distributes, and sells natural gas. The Company serves residential, commercial, and industrial customers in North Carolina, South Carolina, and Tennessee. Piedmont also, through subsidiaries, markets natural gas to customers in Georgia, and distributes propane in various states.

Bank of America Corporation (NYSE:BAC): Shares of Bank of America Corporation are trading lower 1% today. Reuters reported may need to sell more assets to increase capital levels, while the CEO has reiterated the bank is moving the the right direction again to get back to a stable footing. Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.

Alexandria Real Estate Equities Inc. (NYSE:ARE): Shares of Alexandria Real Estate Equities Inc. are trading higher .65% today. Investors are moving the stock higher, as they see improving real estate date and a dividend of 2.8%. Alexandria Real Estate Equities, Inc. acquires, manages, expands and develops office and laboratory space properties. The Company leases its properties to pharmaceutical, biotechnology, diagnostic and personal care products companies, research institutions and related government agencies. Properties are located in California, suburban Washington D.C., New England, the Mideast and Southeast.

(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com