The Dow Jones (NYSE:DIA) is dipping over 200 points to 11,638, the S&P 500 (NYSE:SPY) is lower at 1259 and the Nasdaq (NASDAQ:QQQQ) dropped to 2,625 on the 51st trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) International Business Machines Corp. (NYSE:IBM): Shares are down over 5% to $153.33 per share. Almost 10 million shares have traded hands. IBM has beat earnings 13 quarters in a row and the pressure is mounting for the company to continue the hot streak. Wall Street analysts happen to think the stock has had quite a run and is due for a cooling. Today, Sanford Bernstein cut their rating on IBM shares, yet raised their price target from $170 to $173. International Business Machines Corporation (NYSE:IBM) provides computer solutions through the use of advanced information technology. The Company’s solutions include technologies, systems, products, services, software, and financing. IBM offers its products through its global sales and distribution organization, as well as through a variety of third party distributors and resellers.
2) HSBC Holdings plc (NYSE:HBC): Shares are down 3.78% to $49.93 per share. Over 8 million shares have traded hands today. HSBC closed four branches in Bahrain due to civil unrest and clashing protests. HSBC Holdings plc is the holding company for the HSBC Group. The Company provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance. The Group operates worldwide.
3) Apple Inc (NASDAQ:AAPL): Shares are down 3.97% to $331.66 per share. Over 35 million shares have traded hands today relative to a daily average of 19 million shares. Apple received an analyst downgrade this morning out of JMP securities. Apple had to delay the launch of the iPad 2 in Japan, a huge market for tablet sales, due to the disaster relief efforts for the post-Tsunami disaster. Since the iPad 2 launched in the U.S., retail stores are wiped out of supply and consumers are on waiting lists at Apple retail stores and Best Buys (NYSE:BBY). We’ve heard the next available date for consumers to receive the iPad 2 is April 14th. Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
4) Peabody Energy Corporation (NYSE:BTU): Shares are up 3.96% to $67.77 per share today. Almost 14 million shares have traded hands today. Peabody is another investor pleaser today following the Japanese nuclear disaster and the positive focus on natural gas and coal today. Peabody Energy Corporation mines and markets predominantly low sulfur coal, primarily for use by electric utilities. The Company also trades coal and emission allowances. Peabody owns and operates mines in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana, and Australia. The Company also a minority interest in a Venezuelan mine through a joint venture.
5) Youku.com Inc (NYSE:YOKU): Shares are up 2.2% to $45.43 per share today. Over 2.2 million shares have traded hands today. The You-Tube like video sharing service is a stock moving up on a day when the market is into heavy negative territory. Youku.com Inc. is an Internet television company. The Company’s Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People’s Republic of China.
6) Superior Industries (NYSE:SUP): Shares are up over 13% to $21.69 per share today. Over 600,000 shares have traded today. The company’s net income was $22.3 million, or $.82 cents a share, compared with a net loss of $3.9 million, or $.15 cents a share, a year ago. Net sales rose 32% to $191 million. Thomson Reuters analyst estimates were expecting a profit of 34% a share on revenue of $172.6 million. Superior Industries International, Inc. designs and manufactures motor vehicle parts and accessories. The Company’s products are sold to original equipment manufacturers and the automotive aftermarket on an integrated one-segment basis. Superior’s products include vehicle aluminum road wheels, as well as custom road wheels and accessories.
7) Rambus Inc. (NASDAQ:RMBS): Shares are up 4.58% to $19.54 per share today. Over 1.8 million shares have traded hands today. Rambus renewed a patent license agreement with Toshiba. Toshiba will pay royalties to Rambus. Rambus Inc. designs, develops, licenses, and markets high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems, and other electronic systems. The Company licenses semiconductor companies to manufacture and sell memory and logic ICs incorporating Rambus interface technology.
8) Universal Display Corporation (NASDAQ:PANL): Shares are up 19.83% to $45.75 per share today. Over 2.8 million shares have traded hands. The company reported a net loss lost $5.3 million, or $.14 cents per share, relative to a loss of $3.8 million, or $.10 cents per share, a year ago. Revenue increased to $10.8 million from $4.8 million because of a rise in commercial and developmental chemical sales. Universal Display Corporation is a member of the United States Display Consortium. The consortium is a cooperative industry/government effort aimed at developing an infrastructure to support a North American flat panel display infrastructure. The Company and its partners are developing high-resolution, full color, light weight Organic Light Emitting Diode (OLED) technology.
9) Online Resources Corporation (NASDAQ:ORCC): Shares are down over 37% to $3.80 per share. Over 4.48 million shares have traded hands. The company opted not to be acquired or merge with other businesses in their sector. Oppenheimer downgraded the stock and cut its fair value down from $8 to $4 per share. Online Resources Corporation, an application service provider, offers Internet banking, bill payment services, and electronic finance services to financial institutions. The Company’s electronic financial services include its Quotien Internet banking product, bill payment, customer care, and other Web-based financial services.
10) Vera Bradley, Inc. (NASDAQ:VRA): Shares are up 14.52% to $38.48 per share. Over 1.57 million shares have traded hands today. The company issued net income of $14.2 million, or $.35 cents a share, realative to net income of $17.3 million, or $.49 cents a share, in the comparable quarter a year earlier. Revenue increased 29% to $109.4 million, from $85.1 million. Vera Bradley, Inc. designs, produces and retails fashion accessories for women. The Company markets handbags, accessories and travel and leisure items through its chain of retail stores and independent retailers.