Will These Stocks Set the Market’s Pace Today?
These stocks are generating lots of motion this morning:
1) Nike (NYSE:NKE) up big (4.63%) pre-market today, extending the run from yesterday after-hours when the company released its earnings for the fourth quarter and projections for the fiscal year 2011. Lots of encouraging data from the Nike earnings including EPS of $1.24/share that tops analyst estimates by a large margin, a 14% hike in revenue, and a 15% growth in future orders of NKE brand goods. CEO Mike Packer commented, “We continue to deliver compelling innovation to athletes and consumers, and strong returns for our shareholders. The global appetite for sports has never been stronger.”
2) Accenture (NYSE:ACN) climbs nearly 6% after Standard & Poor’s said the consulting company would replace Marshall & IIsley Corp. on the S&P 500 Index after the close next Tuesday. Barclay’s (NYSE:BCS) currently holds an overweight rating on the business with a price target of $67.
3) Alcatal-Lucent (NYSE:ALU) posing sizable gains of 3.22% this morning on news that the company will hold a press conference to “announce a groundbreaking innovation in Internet Protocol technology which will advance the future performance of the Internet.” If you’re up for a laugh this morning check out this ridiculously cheesy trailer the company put out.
4) Microsoft (NASDAQ:MSFT) after making strides during regular hours yesterday, the company is up again this morning (.60%) mostly on hype surrounding its less top-secret press conference. Steve Ballmer will host a live webcast today from Microsoft’s NYC headquarters to discuss the company’s new software, “Office 365” which will boast cloud capabilities similar to Google (NASDAQ:GOOG) docs.