With the Dow Jones (NYSE:DIA) closed at 12,318, the S&P 500 (NYSE:SPY) at 1340 and the Nasdaq (NASDAQ:QQQQ) higher at 2,831 on the 33rd trading day of 2011, here is a group of stocks making moves on our radar and the reasons why:
1) NVIDIA Corp (NASDAQ:NVDA): NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The stock closed up $2.30 per share, or over 9.84%, to $25.68 per share today. Almost 83 million share exchanged hands today. Net income for the quarter that ended Jan. 30 rose to $171.7 million, or $.29 cents per share, from $131.1 million, or $.23 cents per share, in the same period a year earlier. Revenue fell 10% to $886.4 million from $982.5 million in the year-ago quarter, less than the $897.7 million analysts predicted. Investors are happy with the profits and the future outlook.
2) Williams Companies (NYSE:WMB): The Williams Companies, Inc. is an integrated natural gas company that produces, gathers, processes and transports natural gas. Shares closed up 8% at $30.08 per share. reported earnings of $174 million, or $.29 cents per share, for the final three months of 2010. That compares with $172 million, or $.29 cents per share, in the same quarter a year ago. Revenue rose to $2.42 bilion from $2.33 billion. The company beat analyst expectations as investors and traders bid the stock up today.
3) Duke Energy (NYSE:DUK): The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America. Shares ended up 2.37% to $18.12 per share on over 24.5 million shares trading hands. The company earned $427 million, or $.32 cents per share, compared with $346 million, or $.26 cents per share, a year earlier. Revenue rose to $3.45 billion from $3.11 billion. A recent Winter wonderland boded well for shareholders in the latest quarterly report.
4) NetApp Inc. (NASDAQ:NTAP): NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. The stock ended down 3.44% today to $54.77 per share. The company earned $172.5 million, or $.42 cents per share, in the period ended Jan. 28. That compares with year-earlier earnings of $107.9 million, or $.30 cents per share. Revenue jumped 25% to $1.27 billion from $1.01 billion. Analysts predicted $1.28 billion. The major reason for the stock drop was a reduction in the company’s future outlook. If it’s not profit delivery, then its the future when it comes to pleasing Wall Street…
5) Weight Watchers International (NYSE:WTW): Members attend weekly Weight Watchers meetings to receive group support and education about healthy eating patterns, behavior modification and physical activity. Shares ended up 45% on over 10 million shares trading hands to end the day at $65.39 per share. WTW earned $48.9 million, or $.66 cents per share, in the three months that ended Jan. 1, up from $18.7 million, or $.24 cents per share, in the prior-year quarter. Revenue climbed 15% to $356.7 million. The company raised its outlook as investors bid the stock way higher.
6) The Timberland Company (NYSE:TBL): The Timberland Company designs, develops, engineers, markets, and distributes footwear, apparel, and accessories for men, women, and children. Shares ended the day up over 30% to $38.36 per share after TBL reported net income of $42.1 million, or $.82 cents per share, compared with $22.25 million, or $.40 cents per share, a year earlier. Revenue rose 11% to $1.43 billion from $1.29 billion last year.
7) Waste Management (NYSE:WM): Waste Management, Inc. provides waste management services including collection, transfer, recycling, resource recovery and disposal services, and operates waste-to-energy facilities. The stock ended the day flat on over 3.5 million shares trading hands to $37.98 per share. The company said its net income fell to $281 million, or 59 cents per share, from $315 million, or 64 cents per share. Revenue grew 6% to $3.19 billion from $3.01 billion.
8) Nordstrom (NYSE:JWN): Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children. Shares popped then ended down slightly to $46.48 per share. Nordstrom posted profit of $232 million, or $1.04 per share, for the quarter, compared to $172 million, or $.77 cents per share, a year earlier. Revenue increased 10% over last year. The retailer showed evident signs of consumer improvement for the time being…
9) J.M. Smucker Company (NYSE:SJM): The Company’s principal products include peanut butter, shortening and oils, fruit spreads, canned milk, baking mixes and ready-to-spread frostings, flour and baking ingredients, juices and beverages, frozen sandwiches, dessert toppings, syrups, pickles and condiments, and potato side dishes. Shares ended up over 4% to to $66.65 per share. The company reported net income of $132 million, or $1.11 per share, for the period that ended Jan. 31. That’s down from $135.5 million, or $1.14 per share, a year earlier. Revenue rose 9% to $1.31 billion, beating the $1.26 billion analysts expected.
10) Dr. Pepper Snapple Group Inc (NYSE:DPS): Dr Pepper Snapple Group, Inc. is an integrated brand owner, bottler and distributor of non-alcoholic beverages in the United States, Canada and Mexico. Shares closed the day up 5.69% to $36.20 per share. DPS reported fourth-quarter 2010 adjusted earnings of $.67 cents per share, compared with $.44 cents in the year-ago period. Dr Pepper’s net revenues grew 4.1% year over year. The company guided its full-year 2011 adjusted earnings in the range of $2.70 to $2.78 per share on a 3% to 5% growth in net revenues.