With the Dow Jones (NYSE:DIA) and S&P 500 (NYSE:SPY) down while the Nasdaq (NASDAQ:QQQQ) fights to stay in the green on the fourth trading day of 2011, here is a group of stocks making moves on our radar and the reasons why:
1) Monsanto (NYSE:MON): Shares are popping 2-4% today as the agricultural giant swung to a first quarter profit and remained confident in full-year earnings guidance. Revenue rose 8% to $1.83 billion.
2) Abercrombie & Fitch Co. (NYSE:ANF): One of the biggest retail winners in December. The “cool kids” go-to clothing outlet crushed Wall Street’s expectations with a 15% increase in sales (50% higher than analyst estimates). Other notable winners were Nordstrom (NYSE:JWN), Saks (NYSE:SKS), Dillard’s (NYSE:DDS), and TJ Maxx (NYSE:TJX).
3) BP (NYSE:BP): The oil spiller of the decade may be able to deflect some of the Gulf of Mexico oil spill blame according to a new report by the US presidential commission. That’s bad news for Transocean (NYSE:RIG), Halliburton Company (NYSE:HAL).
4) Southwest Airlines (NYSE:LUV): The discount airline is starting a new frequent flier program on March 1st which will include with no blackout dates or seat restrictions. The news is having a negative impact on rival JetBlue Airways (NASDAQ:JBLU).
5) Kohl’s (NYSE:KSS): The department store disappointed Wall Street with their December retail sales. The 3.9% same-store sales increase missed expectations for a 4.3% rise. Shares are down ~2%. Other notable losers include Sears Holdings Corporation (NASDAQ:SHLD), J.C. Penney Company (NYSE:JCP), Macy’s (NYSE:M), BJ’s Wholesale Club (NYSE:BJ), and Target (NYSE:TGT).
6) NVIDIA Corporation (NASDAQ:NVDA): Graphic-chip maker NVIDIA is developing its first computer processor for mainstream computing. This creates a huge new market for the company and a direct competitor to Intel Corp. (NASDAQ:INTC) and Advanced Micro Devices Inc. (NYSE:AMD).
7) MetroPCS Communications (NYSE:PCS): Shares are getting dropped over 7% as the prepaid wireless company said fourth-quarter subscriber growth slowed.
8) Ruby Tuesday (NYSE:RT): The casual dining restaurant said fiscal second-quarter earnings surged more than tenfold from a year earlier. Quarterly sales growth was the highest in over 5 years.
9) Adventrx Pharmaceuticals Inc. (AMEX:ANX): The U.S. Food and Drug Administration has accepted the pharmaceutical company’s new drug application filing for Exelbine. Shares are up over 13%.
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