What’s Moving These Shares the Final Day of February?
The Dow Jones (NYSE:DIA) is rebounding to 12,191, the S&P 500 (NYSE:SPY) is up to 1323 and the Nasdaq (NASDAQ:QQQQ) is higher at 2,774 on the 39th trading day of 2011, and here is a group of stocks making moves on our radar and the reasons why:
1) Dell Inc. (NASDAQ:DELL): Dell Inc. offers a wide range of computers and related products. The Company sells personal computers, servers and networking products, storage systems, mobility products, software and peripherals, and services. Shares of Dell are up over 3.5% to $15.67 per share today. Analysts seeing the tablet market reaching $35 Billion and Dell is planning to once again compete as the low-cost alternative to the Apple iPad. Almost 16 million shares have traded hands today, close to the daily trading volume average.
2) Nationwide Health Properties (NYSE:NHP): Nationwide Health Properties, Inc. is a real estate investment trust which invests primarily in health care related facilities and provides financing to health care providers. The Company has investments in long-term health care facilities, assisted living facilities, and rehabilitation hospitals. Shares are up almost 9.5% to $42.65 per share. Ventas (NYSE:VTR) said it will buy Nationwide Health for about $5.7 billion, creating the largest healthcare real estate investment trust in the United States.
3) Pfizer (NYSE:PFE): Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets medicines for humans and animals. Shares are trading 1.7% higher to $19.17 per share today. Healthcare M&A is picking up and the overall sector is displaying leadership among the stock market today. Pfizer has traded over 23 million shares today.
4) Valero Energy (NYSE:VLO): Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates. Valero is trading down 1.84% to $28.04 per share today following negative news that one of its refineries experienced flaring in Corpus Christi, Texas. Fearful investors are selling shares at the moment.
5) Salesforce.com (NYSE:CRM): Salesforce.com, Inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Shares are down 5.94% to $130.72 per share today. Salesforce is the worst performing stock in the S&P 500 (NYSE:SPY) today after a long success streak of 94% stock appreciation over the past year. 2.8 million shares have traded hands today.
6) Edison International (NYSE:EIX): Edison International, through its subsidiaries, develops, acquires, owns, and operates electric power generation facilities worldwide. The Company also provides capital and financial services for energy and infrastructure projects, as well as manages and sells real estate projects. Shares are up 2.89% to $37.05 per share today. The company reported earnings of $0.58 per share, excluding non-recurring items, lower than the Thomson Reuters consensus of $0.60. Also, Edison issued lower guidance for 2011, hoping to achieve earnings per share of $2.60-2.90 vs. $3.00.
7) PDL BioPharma (NASDAQ:PDLI): PDL BioPharma Inc. discovers, develops, and markets therapies for serious or life-threatening illnesses, commercially focused on the acute care, hospital setting. Shares are up over 16% to $5.66 per share today after settling a legal battle with Novartis. PDLI will pay the Swiss drugmaker an amount based on the net sales of the eye drug Lucentis made by Novartis this year and beyond. PDLI is set to announce earnings after-the-bell today. Analysts are expecting $.21 per share on $74.14 million in revenue.
8) Endo Pharmaceuticals (NASDAQ:ENDP): Endo Pharmaceuticals Holdings Inc. is a specialty pharmaceutical company with products that provide pain management. The Company researches, develops, produces, and markets both branded and generic pharmaceuticals. Endo’s products include Percocet, Percodan, and Lidoderm. Shares are up 4.92% to $36.02 per share following the company’s latest quarterly report today. The company reported a net income of$93 million, or $.77 cents a share, compared with $147.8 million, or $1.25 a share, a year ago. Endo beat Wall Street analyst expectations and the shares are higher because of it.
9) Quicksilver Resources, Inc. (NYSE:KWK): Quicksilver Resources Inc. is involved in the acquisition, development, exploration, production, and sale of natural gas and crude oil. The Company also conducts operations in the gathering, processing, and transmission of natural gas. Quicksilver owns properties in Michigan, Wyoming, and Montana in the United States, and in Canada. Shares are down .45% to $15.60 per share today. The company reported earnings of $318.3 million, or $1.77 per share, for the quarter. That compares to $32.5 million, or $.19 cents per share, in the same part of 2009. Revenue rose 2%to $239.9 million.
10) Coeur d’Alene Mines Corporation (NYSE:CDE): Coeur d’Alene Mines Corporation, through its subsidiaries, explores, develops, operates, and/or owns silver and gold mining properties and companies. The Company’s properties are located primarily in the United States, Australia, and South America. Shares are up 14.21% today to $31.60 per share. The company reported a rock solid earnings report due to the strength in precious metals over the past year. Adjusted earnigns rose to $49.9 million, or $.56 cents per share, from $2.5 million a year earlier. Metals sales rose 75% to $208 million as the price of gold rose 10% and the price of silver jumped 42% in the company’s latest quarterly report.