High Demand Stocks: Dow Chemical, Qualcomm, Starwood, Viacom, Core Labs

The Dow Chemical Company (NYSE:DOW): The company comments “We will continue to closely monitor global economic trends and expect challenges in Western Europe to persist in the near term. We do not anticipate material improvements in market conditions for the first quarter of the year, but do project economic recovery will gain momentum as we move through the second quarter and the remainder of the year. Regardless, we will continue to intervene to ensure we deliver against our short- and long-term targets. ” Shares of The Dow Chemical Company are trading 0.5% lower today.

QUALCOMM, Inc. (NASDAQ:QCOM): Qualcomm (NASDAQ:QCOM) announced that the company, working with Ericsson (NASDAQ:ERIC), has successfully completed the first voice call handover from an LTE mobile network to a WCDMA network using Single Radio Voice Call Continuity, or SRVCC. An important technology required for voice-over-LTE, or VoLTE, support, SRVCC is a 3GPP specified feature that enables continuity of service by seamlessly switching to a WCDMA network when a consumer on a VoLTE call leaves the LTE network’s coverage area. This milestone occurred on Dec. 23, 2011 with an Ericsson network using a handset which incorporated Qualcomm’s Snapdragon S4 MSM8960 3G/LTE multimode processor. A demonstration will be available at Qualcomm’s booth at Mobile World Congress in Barcelona, Spain Feb. 27 March 1. Shares of QUALCOMM, Inc. are trading 2.97% higher today.

Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT): Reports revenue $1.53B vs. consensus $1.42B. Shares of Starwood Hotels & Resorts Worldwide, Inc are trading 4.07% lower today.

Viacom, Inc. (NASDAQ:VIAB): Says committed to returning substantial capital to shareholders in the form of dividends and buybacks. Shares of Viacom, Inc. are trading 3.79% lower today.

Core Laboratories N.V. (NYSE:CLB): Sees FY12 revenue $1.005B-$1.045B vs. consensus $1.05B. Shares of Core Laboratories N.V. are trading 9.26% higher today.

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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