What’s Moving These Shares March 2nd?

The Dow Jones (NYSE:DIA) is up a little bit to 12,072, the S&P 500 (NYSE:SPY) is up to 1309 and the Nasdaq (NASDAQ:QQQQ) is higher at 2,749 on the 41st trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:

1) Hudson City Bancorp, Inc. (NASDAQ:HCBK): Hudson City Bancorp, Inc. is a bank holding company. The Company, through its banking subsidiary, is a federally chartered stock savings bank that offers traditional deposit products, residential real estate mortgage loans and consumer loans. Hudson also purchase mortgages and mortgage-backed securities and other securities issued by U.S. government-sponsored enterprises. Shares are down over 8% to just under $10 per share today following banking regulatory concerns. The bank, based in Paramus, New Jersey, has $61 billion in total assets and is one of the largest U.S. thrifts to survive the 2008 financial crisis. Their conservative lending practices have been praised by critics of the financial crisis. Today’s sell-off to a 52-week low might just be the buying opportunity of a lifetime for a company who pays a 5%+ annual dividend too.

2) Staples, Inc. (NASDAQ:SPLS): Staples, Inc. retails office supplies, furniture, and technology. The Company’s customers include consumers and businesses in the United States, Canada, the United Kingdom, and Germany. Staples serves its customers through office superstores, mail order catalogs, the Internet, and a contract business. Shares are flat at $20.84 per share on over 14 million shares traded today. Net income rose 18% to $274.7 million, or $.38 cents per share. That compares with $233.9 million, or $.32 cents per share, in the same period last year. Revenue rose less than 1% to $6.42 billion. Analysts expected $6.46 billion.

3) Costco Wholesale Corporation (NASDAQ:COST): Costco Wholesale Corporation operates wholesale membership warehouses in multiple countries. The Company sells all kinds of food, automotive supplies, toys, hardware, sporting goods, jewelry, electronics, apparel, health and beauty aids, as well as other goods. Shares are down almost 3% to $71.43 per share today following the release of the company’s earnings report. Earnings rose to $348 million, or $.79 cents a share, from $299 million or $.67 cents a share in the year-earlier quarter. Net Net rose 11% to $20.45 billion. The CFO stated the company will be passing costs along to the consumer. Inflation coming anyone?

4) Pfizer Inc (NYSE:PFE): 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. Shares are down almost 1% to $19 per share today. Over 23 million shares have traded hands today. Pfizer’s Dimetapp Elixir and Extentab tablets and Phenergan Expectorant will be subject to seizure, injunction or other legal action by the FDA today. Three decades of FDA work will now enforce action upon unapproved prescription cold and allergy medicines.

5) W&T Offshore, Inc. (NYSE:WTI): W&T Offshore, Inc. is an independent oil and natural gas company focused primarily on the Gulf of Mexico area in the United States. Shares are down over 14% to $21.12 per share today following a disappointing release of the company’s earnings report. W&T’s revenue rose 6% to $187 million, compared with analysts’ estimates of $190.9 million.

6) Shanda Games Limited (NASDAQ:GAME): Shanda Games Ltd. develops, sources and operates Internet games in China. Shares are up over 15% to $6.62 per share today. The company earned 366.6 million yuan ( or $55.4 million), or $.20 cents per American depositary share, versus 415.2 million yuan in the year-ago period. Revenue fell 14% to 1.15 billion yuan (or $174.0 million).

7) Weatherford International Ltd. (NYSE:WFT): Weatherford International Ltd. provides equipment and services used for the drilling, completion, and production of oil and natural gas wells. The Company offers drilling and intervention services, completion systems, artificial lift systems, and compression services. Weatherford conducts operations in substantially all of the oil and natural gas producing regions in the world. Shares are down over 9% to $21.37 per share today. The company said it would have to restate its financial statements and delay its annual report because of accounting problems. Another negative for the company is 3% of the company’s revenue comes from operations in Egypt, Libya, Tunisia, Bahrain and Yemen. We all know the turmoil and problems occurring in that region right now. For better opportunities, look no further than list of the Top 10 Oil ETFs>>

8) Biogen Idec Inc. (NASDAQ:BIIB): Biogen Idec Inc. develops, manufactures, and commercializes therapies, focusing on neurology, oncology, and immunology. The Company’s products addresses diseases such as multiple sclerosis, non-Hodgkin’s lymphoma, rheumatoid arthritis, crohn’s disease, and psoriasis. Shares are flat to $70 per share today. Biotech M&A has been heating up lately and Biogen is on many companies’ acquisition target lists. Keep an eye on this stock.

9) Wynn Resorts, Limited (NASDAQ:WYNN): Wynn Resorts Limited owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suits, restaurants, golf courses, and on-site luxury automotive dealerships. Shares are down a little bit today to $125.50 per share. Macau gambling revenue jumped 48% in February as Wynn stands to benefit in its next quarterly release of Macau results.

10) IAC/InterActiveCorp (NASDAQ:IACI): IAC/InterActiveCorp operates Internet businesses. The Company’s websites offer search, gaming, dating, directory, footwear retailing, and campsite reservation services. Shares are up almost 2% to $31.10 per share today. The company continues to unlock shareholder value with Wall Street investors now that long despised Barry Diller has been out as CEO for over 2 months now. Diller is still buying shares of the company on his own.

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