Sunday, October 14, 2012

Friday’s biggest gaining and declining stocks

Intel, Genworth, Workday, DaVita, J.P. Morgan tickers trending

Portfolio Relevance
By Sue Chang and Greg Morcroft, MarketWatch
SAN FRANCISCO (MarketWatch) — Here are some notable stock moves in the U.S. stock market on Friday.


J.B. Hunt Transport Services Inc. JBHT +6.53% shares closed 6.5% higher after the trucking company reported strong gains in quarterly earnings late Thursday. J.B. Hunt earned $78.2 million, or 65 cents a share, in the third quarter, up from $68.7 million, or 57 cents a share, in the same period a year earlier. See J.B. Hunt Q3 profit rises by double digits
Lexicon Pharmaceuticals LXRX +12.55%  shares rallied 13% after positive results from a study of an investigational new drug.
Shares of Stratasys Inc. SSYS +5.46%  gained 5.5%. The manufacturer of three-dimensional printers and 3D production systems is completing a merger with Objet Ltd.


Advanced Micro Devices Inc. AMD -14.38%  shares closed down 14%. Late Thursday, AMD warned of a revenue shortfall for the third quarter tied to “weaker-than-expected demand across all product lines.” As revised, the Sunnyvale, Calif.-based chip manufacturer now forecasts a revenue drop of about 10% from the second quarter, far steeper than what management had previously projected, and a lower gross margin. Standard & Poor’s also warned on Friday that it may downgrade AMD’s BB- credit rating as a result. Read more on AMD’s lower revenue outlook
Alpha Natural Resources Inc. ANR -7.84%  shares declined 7.8%. Nomura analysts on Friday cut Alpha to neutral from buy, noting significant earnings risks than previously thought. “Despite restructuring benefits and curtailment of higher cost, loss-making capacity, we still see ANR generating significant losses over the next several years,” said Curt Woodworth and Purdy Ho in their report.
Walter Energy Inc. WLT -5.68%  shares also fell 5.7% after Nomura’s Woodworth and Ho slashed the company’s earnings per share estimate to $1.15 from $3.15 in 2012 and $1.10 versus $4.85 in 2013.

Financials, tech dominate earnings

MarketWatch’s Polya Lesova joins the Markets Hub to discuss what investors can expect from the week ahead as some of America's biggest companies report earnings.
Liquidity Service Inc. LQDT -6.54%  shares fell 6.5% after media reports that Bank of America Merrill Lynch cut the online auctioneer to neutral and cut the price target to $46 from $62.
U.S.-listed shares of Infosys Ltd.INFY -7.63% INFY -7.63% slumped 7.6% after the company reported disappointing third-quarter financial results. See: Results for Infosys
Shares of Stillwater Mining Co.SWC -7.26%  lost 7.3%. The only U.S. producer of palladium and platinum on Thursday priced $345 million of convertible senior notes which it will use to pay off maturing debt and for general corporate purposes.

Top Trending Tickers

INTC : Intel Corp. INTC -0.92%  shares slid 0.9%. The chip maker hit a 52-week low earlier this week as Bernstein Research cut its rating on the stock to underperform from market perform.
GNW : Shares of Genworth Financial Inc. GNW -0.36%  moved 0.4% lower. Standard & Poor’s Ratings Services on Thursday cut Genworth’s credit rating to BBB-, one notch above junk status. “We are lowering the counterparty credit rating by one notch to reflect the low earnings level for the organization and the difficulty it will face expanding margins globally in the weak economy,” said S&P credit analyst Jeremy Rosenbaum.
WDAY : Shares of Workday Inc. WDAY +73.89% , which debuted on the market Friday, surged 74%. The stellar performance of Workday demonstrates intense market interest in vendors of cloud-based software applications. Read more on Workday’s IPO
DVA : DaVita Inc. DVA +0.87%  shares rose 0.9%. The company’s stock advanced roughly 7% since Oct. 1 when Warren Buffett’s Berkshire Hathaway Inc. BRK.A -0.38%  BRK.B -0.52%  revealed it raised its stake in the dialysis provider. Berkshire now owns more than 10% in DaVita. Read more on Warren Buffett raising stake in DaVita
JPM : Shares of J.P. Morgan Chase & Co. JPM -1.14%  fell 1.1%. J.P. Morgan reported third-quarter earnings of $5.71 billion, or $1.40 a share, compared with $4.26 billion, or $1.02 a share, a year ago. See details on J.P. Morgan’s Q3 earnings
F : Ford Motor Co. F -0.20%  shares slid 0.2%. The auto maker this week declared a quarterly dividend of 5 cents a share and reported sales in China rose 35% to 59,570 vehicles. Read about Ford’s sales in China
DNKN : Dunkin’ Brands Group Inc. DNKN +1.41%  shares rose 1.4%. The company that owns Dunkin’ Donuts and Baskin-Robbins will report quarterly earnings on Oct. 25. Dunkin’ Donuts is projected to earn 33 cents a share in the third quarter, according to a consensus survey of analysts by FactSet. 

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