What Moved These Shares March 14th?
The Dow Jones (NYSE:DIA) closed a point above 12,000, the S&P 500 (NYSE:SPY) edged down to 1296 and the Nasdaq (NASDAQ:QQQQ) closed down at 2,700 on the 49th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Pfizer Inc. (NYSE:PFE): Shares were higher 1.75% to $19.81 per share today on 153 million shares trading hands. The company is exploring the strong possibility of a sale or spin off of divisions that may shrink the company’s revenue by almost half, according to Tim Anderson, an analyst with Sanford C. Bernstein & Co. Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets medicines for humans and animals. The Company’s products include prescription pharmaceuticals, non-prescription self-medications, and animal health products such as anti-infective medicines and vaccines.
2) MEMC Electronic Materials, Inc. (NYSE:WFR): Shares were up 11.23% to $13.37 per share today on over 22.5 million shares trading hands. Solar equipment stocks received a big boost following the caution over nuclear energy arising from Japan. MEMC Electronic Materials, Inc. produces silicon wafers. The Company’s products are used in computers, telecommunications equipment, automobiles, consumer electronics products, industrial automation and control systems, and analytical and defense systems. MEMC operates manufacturing facilities in Italy, Japan, Malaysia, South Korea, Taiwan, and the United States.
3) Uranium Resources, Inc. (NASDAQ:URRE): Shares plummeted 24.73% to $1.75 per share today. The nuclear crisis surfacing in Japan pushed Uranium stocks down drastically today. Over 15 million shares traded hands. Uranium Resources, Inc. acquires, explores, develops, and mines uranium properties using the in situ leach mining process. The Company sells uranium to electric utilities under long-term contracts.
4) Exelon Corporation (NYSE:EXC): Shares rebounded from a sharper decline earlier in the day to end at $$42.89 per share. The company reported its plants are safe following the Japanese earthquake. Over 16 million shares traded hands. Exelon Corporation is a utility services holding company. The Company, through its subsidiaries distributes electricity to customers in Illinois and Pennsylvania. Exelon also distributes gas to customers in the Philadelphia area as well as operates nuclear power plants in states that include Pennsylvania and New Jersey.
5) Google Inc (NASDAQ:GOOG): Shares were lower 1.17% to $569.99 per share today. Google tablets are selling like hot cakes as an executive was just poached by Facebook today. Fears of a Facebook fight for Google market share sent the company’s stock south. Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
6) Qualcomm (NASDAQ:QCOM): Shares edged down .24% to $53.48 per share today. Macquarie research analyst Shawn Webster set a $58.40 price target on the stock, saying the stock trades below its historical average of 17-23 times earnings, at 19 times, but is above the S&P 500′s (NYSE:SPY) multiple. Over 18 million shares traded hands. QUALCOMM, Inc. develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access (CDMA) intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.
7) Bank of America (NYSE:BAC): Shares closed lower 1.04% to $14.23 per share today. The banking giant sold $1.5 billion of five-year notes at 3.625%. More fears of the financial crisis were put to rest on the success of today’s bond auction. Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
8) Gulfport Energy Corporation (NASDAQ:GPOR): Shares were higher 13.68% to $28.84 per share today. The energy company reported net income of $14.3 million, or $.32 cents per share, for the last three months of 2010. That compares with $9.1 million, or $.21 cents per share, in the same period in 2009. Over 2.5 million shares traded hands. Revenue grew 51% to $37.5 million from $24.89 million a year ago. Analysts had expected earnings of $.28 cents per share on revenue of $33.8 million. Gulfport Energy Corporation owns and operates oil and gas properties in the Louisiana Gulf Coast area of the United States.
9) SanDisk Corporation (NASDAQ:SNDK): Shares ended down .55% to $44.82 per share today. 11.9 million shares traded hands today. The stock was down because SanDisk also receives its “captive” wafer supply for its chips from Japan as well, and the majority of its packaging and assembly of chips. SanDisk Corporation supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology.
10) Global X Uranium ETF (NYSE:URA): Shares ended down over 17% to $15.73 per share. 2.94 million shares traded hands today. The collapse of a nuclear energy-driven future has rippled through the financial markets following Friday’s Tsunami. With oil prices rising, the focus continues to illuminate on the global energy debate. Today’s energy winners were away from Uranium and more positive for this sector.