S&P Winners: Morgan Stanley, Boeing, Netflix
The S&P 500 (NYSEARCA:SPY) is up by 0.47% today and stands at 1,314. Earnings season and some big deals are helping stocks like these reach the top of the list.
Morgan Stanley (NYSE:MS) losses were lower than expected, so financials are rallying. The Q4 earnings per share came in at -$0.14, instead of -$0.62 as the consensus expected. Investment bank revenues are 40% down year over year. Executive compensation is down only 6%. MS shares recently traded at $18.31, up $0.96, or 5.53%. They have traded in a 52-week range of $11.58 to $31.04. Volume today was 33,021,428 shares versus a 3-month average volume of 31,793,600 shares. The company’s trailing P/E is 12.01, while trailing earnings are $1.53 per share.
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Boeing (NYSE:BA): The government approved Boeing as the company to launch two more Wideband Global SATCOM satellites, as part of a $1 billion contract modification. BA shares recently traded at $75.84, up $0.78, or 1.04%. They have traded in a 52-week range of $56.01 to $80.65. Volume today was 2,465,703 shares versus a 3-month average volume of 5,589,780 shares. The company’s trailing P/E is 15.01, while trailing earnings are $5.05 per share.
Netflix (NASDAQ:NFLX): The SOPA legislation pits the New Media of Facebook and Google and Netflix against traditional, Old Media. Netflix has a lot at stake in the outcome of the legislation, and their position gained steam today. NFLX shares recently traded at $103.55, up $5.01, or 5.08%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 8,443,661 shares versus a 3-month average volume of 8,855,380 shares. The company’s trailing P/E is 23.53, while trailing earnings are $4.40 per share.
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