What’s Moving These Shares January 27th?

With the Dow Jones (NYSE:DIA) above 12,000, the S&P 500 (NYSE:SPY) hitting 1300 and the Nasdaq (NASDAQ:QQQQ) up to 2,750 on the 18th trading day of 2011, here is a group of stocks making moves on our radar and the reasons why:

1) Amazon.com Inc. (NASDAQ:AMZN): Shares are up over 3% to $180.87 per share today. Investors are feeling confident ahead of this afternoon’s big quarterly earnings report. Analysts are on the edge of their seat for Kindle results.

2) AT&T (NYSE:T): Shares are trading down almost 3% to $27.89 per share following a disappointing earnings release. iPhone exclusivity is now gone and fourth quarter customer growth took a dive to 400,000 additions from an expectation of 500,000 among the analysts’ consensus.

3) Caterpillar (NYSE:CAT): The stock is trading up over 1.5% to $97.16 per share after the company quadrupled profit in its latest quarterly earnings report. CAT said revenues jumped a whopping 62% to $12.8 billion in the quarter over last year’s $7.9 billion! There are plenty of giddy bulls in CAT shares today.

4) ProLogis (NYSE:PLD): Shares are trading up over 6% to $15.63. Lots of chatter on the street is swirling around merger talks and heavy interest from AMB Property Corp to potentially acquire the company.

5) Hanmi Financial Corp (NASDAQ:HAFC): Shares are up 36.75% to $1.60 today after the company reported its first profitable quarter in 2 year, beating analysts’ expectations!

6) Colgate-Palmolive (NYSE:CL): Shares are down 2% to $78.33 per share after their quarterly earnings report developed markets are slowing. Earnings beat slightly, however revenues were down 3%.

7) Bristol Myers Squibb Co (NYSE:BMY): Shares are up 1.66% to $26.36 per share after announcing earnings today. Revenues were up 1.5% and analyst expectations were met in-line. U.S. sales rose 5%. Pharma companies are worried about profit erosion in 2011 due to the new reform and costs.

8) Proctor & Gamble (NYSE:PG): The stock is down 2.63% to $64.37 per share after profit fell to $3.33 billion, or $1.11 a share, from $4.66 billion, or $1.49, a year earlier. With costs rising at retail rising, consumers appear to be interested in discounts and generic labels.

9) Murphy Oil Corp (NYSE:MUR): Shares are down over 9% to $66.15 per share after missing profit expectations in their latest quarterly report. Top line revenues grew year-over-year, but it was not enough to please investors and shareholders most concerned with the bottom line numbers.

10) Lockheed Martin (NYSE:LMT): Shares are up 1% to $79.27 after the defense company reported an 18% increase in profit. Revenue for the quarter rose to $12.79 billion. The company said it expects 2011 earnings to be above current estimates.

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Get Your Market Outlook 2011 – by Jordan Roy-Byrne, CMT >>

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