What’s Moving These Shares February 15th?

With the Dow Jones (NYSE:DIA) selling off to under 12,230, the S&P 500 (NYSE:SPY) is slightly down to 1328 and the Nasdaq (NASDAQ:QQQQ) lower at 2,810 on the 31st trading day of 2011, here is a group of stocks making moves on our radar and the reasons why:

1) Chevron (NYSE:CVX): The Company produces and transports crude oil and natural gas. Shares have rebounded nicely since the morning selloff to $95.75. The stock is currently at $96.62 per share, or down .34% on the day, on news the company was guilty of polluting the Amazon jungle and fined $8.6 billion.  The 17-year legal battle was a victory for Ecuadorian farmers, but some are saying it was still not enough…

2) Dell Inc (NASDAQ:DELL): The Company sells personal computers, servers and networking products, storage systems, mobility products, software and peripherals, and services. Shares are down 1.53% to $13.88 per share today. Dell is set to release earnings today after-the-bell. Analysts are expecting $.37 per share on $15.72 billion in revenue. Will we see margin deduction? Is Apple’s (NASDAQ:AAPL) iPad hurting Dell (NASDAQ:DELL)? We shall soon find out in a few hours…

3) NYSE Euronext (NYSE:NYX): The Company operates a marketplace for equities and derivatives in Belgium, France, the Netherlands and Portugal, derivatives in the United Kingdom, and equities and other securities in the United States. Shares are down 2.92% to $38.30 per share today after huge news of a record exchange merger between the NYSE and Deutsch Boerse.  The deal values NYSE Euronext shares at about $39 per share. The transaction is expected to close at the end of 2011. Given the nature of the takeover, there are still fired up emotions about the Deutsche Boerse shareholders owning 60% of the combined company; NYSE Euronext’s stock holders will own 40%.

4) Vonage Holdings (NYSE:VG): The Company offers technology that uses customers existing high-speed Internet connection to make and receive phone calls worldwide with a touch-tone telephone. Shares are up 16.80% to $4.45 per share today following a very strong earnings report. Vonage posted a net loss of $41.7 million, or $.19 cents per share, down from earnings of $4.4 million, or $.02 cents per share, in the same period a year earlier. Meanwhile, revenue slipped 3 percent to $217.6 million from $223.5 million. Shareholders are happier to see the profits today.

5) Limelight Networks (NASDAQ:LLNW): Limelight Networks Inc is a content delivery network for internet distribution of video, music, games and downloads. The stock is up 27.86% to $8.24 per share after a very positive Q4 earnings report. The company reported a loss of $6.3 million, or $.06 cents per share, for the quarter that ended Dec. 31. That’s compared with a loss of $9.7 million, or $.11 cents per share, a year earlier. Limelight’s revenue climbed 64%to $55.2 million from $33.6 million. Analysts expected $53.4 million. Analysts are revising future estimates upward…

6) Qwest Communications (NYSE:Q): Qwest Communications International Inc. provides broadband Internet-based data, voice, and image communications to customers in the United States. Shares are down 1.62% to $7.30 per share after the company a loss of $161 million, or $.09 cents per share, in the three months ended in December. That compares with a year-earlier profit of $108 million, or $.06 cents per share. Qwest has repaid $3.5 billion in debt. For the year, the company lost $55 million, or 3 cents per share. In 2009, it earned $662 million, or 38 cents per share. Revenue fell to $11.73 billion from $12.31 billion.

7) Spectrum Pharmaceuticals (NASDAQ:SPPI): The Company’s satraplatin is an oral, anti-cancer drug. Spectrum’s Elsamitrucin targets non-Hodgkin’s lymphoma, and Neoquin is being studied in the treatment of superficial bladder cancer. Shares are up 8.2% to $7 per share after the company announced it expects expects to post quarterly revenue almost twice as much as analysts’ expectations, helped by strong sales of its cancer drugs Zevalin and Fusilev.

8) Marsh & McLennan Companies (NYSE:MMC): Marsh & McLennan Companies, Inc. is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. Shares are up 4.95% to $30.31 per share today following a strong earnings report release. The company said fourth-quarter profit rose to $203 million, or $.37 cents a share, from $23 million, or $.04 cents a share, in the year-earlier period. Revenue rose to $2.8 billion from $2.6 billion in the year-ago quarter.

9) CIT Group (NYSE:CIT): The Company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses. Shares are down 3.55% to $46.42 per share today after posting net income of $74.8 million, or $.37 cents per share, for the three months ended Dec. 31. This quarter was below $115.8 million, or $.58 cents per share, it earned in the previous quarter. CIT Group’s fourth-quarter provision for loan losses grew 10 percent to $182.4 million from $165.1 million in the third quarter.

10) Fossil (NASDAQ:FOSL): The Company’s products include an extensive line of men’s and women’s fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel. The stock is down 8.67% to $76.30 per share after reporting reported net income of $96.7 million, or $1.46 per share, for the period ended Jan. 1. That’s up from $70 million, or $1.03 per share, a year ago. These estimates beat expectations. Further, revenue increased 33% to $701.1 million from $527.8 million, beating Wall Street’s estimate of $649.8 million. There is evident profit-taking today after the stock hit a 52-week high yesterday. With strong numbers out of Fossil, look for a buying opportunity when the momentum presents itself…

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