Stock Analysis Recap: Here’s Why Sears Holdings, Whirlpool and These Stocks Trended This Week
Despite the shortened trading week to close out 2011, the following companies reported important news investors must know heading into 2012:
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.
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.
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.
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.
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.
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.
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.
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.
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%.
EMCORE Corporation (NASDAQ:EMKR): Shares of EMCORE Corporation are trading higher 17% today. The company delivered a wider than expected loss in its earnings report yesterday. Shares are popping heavily following yesterday’s selloff. EMCORE Corporation offers a broad portfolio of products for the broadband, fiber optic, satellite and terrestrial solar power markets.
Cavium Inc (NASDAQ:CAVM): Shares of Cavium Inc are trading lower 1.9% today. The company reduced its financial guidance due to weak demand from both the enterprise and service provider markets.
Sears Holdings Corporation (NASDAQ:SHLD): Shares of Sears Holdings Corporation are trading slightly lower today. Following yesterday’s plunge, Goldman Sachs remains bearish on shares, cutting their price target from $43 to $30.
Arctic Cat Inc. (NASDAQ:ACAT): Shares of Arctic Cat Inc. are trading higher 20% today. The company announced a cash buyback of 6.1 mln class B shares from Suzuki Motor.
Medicis Pharmaceutical Corporation (NYSE:MRX): Shares of Medicis Pharmaceutical Corporation are trading lower 2% today. The company reduced its fourth quarter earnings guidance.
Endeavour International Corporation (NYSE:END): Shares of Endeavour International Corporation are trading higher 12% today. Rodman & Renshaw raised its rating to Outperform from Market Perform with a $12.50 target price. The analyst report issues 2012 upside on strong, oil-weighted production growth.
Noble Energy, Inc. (NYSE:NBL): Shares of Noble Energy, Inc. are trading flat today. Noble Energy, Inc. is an independent energy exploration and production company. The Company explores for and produces crude oil, natural gas, and natural gas liquids.
Whirlpool Corporation (NYSE:WHR): Shares of Whirlpool Corporation are trading flat today. The company’s shares sold off on the negative news out of retailer Sears Holdings’ store closings. Sears is a distributor of Whirlpool’s products at the retail level.
Bank of America Corporation (NYSE:BAC): Shares of Bank of America Corporation are trading lower 3% today. Europe’s central bank reported its overnight deposits hit another record, dragging major banking stocks down today on the fearful news.
Chesapeake Midstream Partners, L.P. (NYSE:CHKM): Shares of Chesapeake Midstream Partners, L.P. are trading higher 5% today. Chesapeake Energy (NYSE:CHK) stated yesterday it will sell $865 million in Pennsylvania pipelines to Chesapeake Midstream Partners, a spun-off subsidiary.
Exar Corporation (NASDAQ:EXAR): Shares of Exar Corporation are trading lower 2% today. Weaker than expected business conditions in Asia and Europe caused the company issue lower earnings and revenue guidance.
Fushi Copperweld, Inc. (NASDAQ:FSIN): Shares of Fushi Copperweld, Inc. are trading higher 1.3% today. The company is deliberating over the Chairman’s desire to take the company private for a value of $363 million.
Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN): Shares of Alexion Pharmaceuticals, Inc. are trading flat today. The pharma company entered into an agreement to acquire Enobia Pharma Corp. for $610 million in cash upon deal completion, with an additional $470 million to be paid upon achieving various milestones.
Premier Exhibitions, Inc. (NASDAQ:PRXI): Shares of Premier Exhibitions, Inc. are trading higher 1.75% today. Recently, Premier Exhibitions and RMS Titanic signed a consignment agreement with Guernsey’s auction house.
Hollysys Automation Technologies Ltd (NASDAQ:HOLI): Shares of Hollysys Automation Technologies Ltd are trading higher 16.9% today. HollySys was awarded three separate contracts to supply its proprietary industrial Distributed Control Systems.