The Dow Jones (NYSE:DIA) is down over 1% to around 12,100, the S&P 500 (NYSE:SPY) is down to 1315 and the Nasdaq (NASDAQ:QQQQ) is lower at 2,773 on the 43rd trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Alcatel-Lucent (NYSE:ALU): Alcatel-Lucent manufactures telecommunications equipment, and offers telecommunications services. Shares are up over .5% to $5.40 per share on a day when most stocks are down. Almost 30 million shares have traded hands today. There are rumors the company is in-play as an acquisition candidate. Investors and traders are bidding up shares in hopes of a potential buyout by a Chinese company. Speculation value is on the rise.
2) Ford Motor Company (NYSE:F): Ford Motor Company designs, manufactures, and services cars and trucks. Shares are down over 1.5% to $14.53 per share today. The rising oil markets are hitting the auto sector head-on. Also, the Brazil February car sales report was released today and Ford was the only car company to report a yearly percentage decline of 1.8%.
3) Marvell Technology Group Ltd. (NASDAQ:MRVL): Marvell Technology Group Ltd. designs, develops, and markets integrated circuits for communications-related markets. The stock is down over 9% today to $16.44 per share. Almost 40 million shares have traded hands today. The tech company said it earned $222.9 million, or $.33 cents a share, in the quarter ended January 29, compared with a profit of $204.8 million, or $.31 cents a share, a year earlier. Revenues increased 6.9% to $900.5 million, missing the Street’s view of $923.9 million.
4) Royale Energy (NASDAQ:ROYL): Royale Energy, Inc. produces and sells natural gas, acquires oil and gas lease interests and proved reserves, drills both exploratory and development wells, and sells fractional working interests in wells to be drilled. Shares are up over 7% to $7.57 per share today. Over 4.5 million shares have traded hands today, above the average of 2.94 million per day. The company is focused on development, acquisition, exploration, and production of natural gas and oil in California, Texas and the Rocky Mountains. No exposure to the Middle East or Libya and more investor interest is coming Royale Energy’s way.
5) Wendy’s Arby’s Group (NYSE:WEN): Wendy’s/Arby’s Group, Inc. is a holding company. Through its subsidiaries, the Company owns, operates, and franchises fast-food restaurants in the United States. Shares are down almost 3% today to $4.95 per share. Wendy’s Arby’s loss narrowed to $10.8 million, or $.03 cents a share, in the fourth quarter from a loss of $13.6 million, or $.03 cents, a year earlier. Revenue declined 6.7% to $840.7 million.
6) Spreadtrum Communications, Inc. (NASDAQ:SPRD): Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the wireless communications market. Shares are up over 6% to $22.97 per share today. Spreadtrum said it earned $30 million, or $.56 cents per share, compared with $1.4 million, or $.03 cents per share, in the fourth quarter of 2009. Revenue tripled to $126.5 million from $42.3 million in the same quarter in 2009, beating analysts’ estimates for $123.5 million in revenue.
7) Valero Energy (NYSE:VLO): Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates. Shares are down 1% to $28.70 per share today. The energy company forecasts first quarter earnings of between $.15 to $.30 cents per share. Today’s oil market rise is weighing on the shares.
8) JDS Uniphase Corporation (NASDAQ:JDSU): JDS Uniphase Corporation provides communications test & measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. Shares are up over 7% to $26.92 per share today. Over 15 million shares have traded hands today. Lately, the fiber optics sector has been receiving a major momentum boost on a bright outlook for the industry.
9) Monster Worldwide, Inc. (NYSE:MWW): Monster Worldwide, Inc., through its subsidiaries, offers help wanted advertisements over the Internet. Shares are down over 6% to $15.89 per share today. Analysts from William Blair & Co. LLC downgraded Monster to “market perform” from “outperform” Friday, saying the company’s post-recession recovery might be limited by the sluggish pace of hiring and competition from sites such as CareerBuilder and LinkedIn.
10) Sirius XM Radio (NASDAQ:SIRI): Sirius XM Radio Inc. broadcasts various channels of audio from its satellites. The Company provides its services throughout the continental United States for a monthly subscription fee. Sirius delivers various streams of commercial-free music in every genre, as well as streams of news, sports, weather, talk, comedy, and public radio. Shares of Sirius are up slightly to $1.83 per share today. The satellite radio company has created “Tiger Blood Radio,” a 24-hour limited run channel that will explore the breaking news, facts, fallout and career implications of the Charlie Sheen controversy. “Tiger Blood Radio” will air from March 5 at 6:00 am ET to March 6 at 6:00 am ET on Sirius channel 108 and XM channel 139. Meanwhile, in more sane news, Howard Stern continued to make his late night TV interview rounds. Last night, he made an appearance on The Jimmy Kimmel Show, another PR plug for SIRI.