Netflix Leads the S&P 500 Winners
The S&P 500 (NYSEARCA:SPY) is down by 0.16% today and stands at 1,324. Here are three notable stocks that are experiencing big gains today.
Netflix (NASDAQ:NFLX): Boom goes the dynamite. The Q4 results shows the customer base stabilizing after the Quickster debacle. Even better, video streaming customers are way up, which bodes well for Netflix’s future. Some analysts remain skeptical about Netflix’s ability to withstand future competitors like Amazon. NFLX shares recently traded at $115.83, up $20.79, or 21.88%. They have traded in a 52-week range of $74.25 to $304.79. Volume today was 16,680,172 shares versus a 3-month average volume of 8,270,490 shares. The company’s trailing P/E is 26.32, while trailing earnings are $4.40 per share.
J.C. Penney (NYSE:JCP): The more CEO Rob Johnson lays out his plans for J.C. Penney, the higher the stock goes. The company projected 2012 EPS to be better than 2010. The company will seek predictability in pricing, with less sales, which is a good strategy in and of itself in fostering customer loyalty. JCP shares recently traded at $40.13, up $5.85, or 17.07%. They have traded in a 52-week range of $23.44 to $41.00. Volume today was 27,243,979 shares versus a 3-month average volume of 3,927,140 shares. The company’s trailing P/E is 43.86, while trailing earnings are $0.92 per share.
LSI Corporation (NYSE:LSI) beat the consensus estimate by 3 cents. What really helps LSI today is the company’s guidance for FQ1. Avian has moved LSI into positive status, and Think Equity set the new price target at $10. LSI shares recently traded at $7.94, up $0.86, or 12.15%. They have traded in a 52-week range of $4.75 to $7.74. Volume today was 27,882,312 shares versus a 3-month average volume of 8,908,960 shares. The company’s trailing P/E is 15.06, while trailing earnings are $0.53 per share.
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