12 Intraday Movers and Shakers

The bid on BBY was moved out to after the holidays

   

The following are some of today’s most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume).

Large Cap Gainers

  • Adobe Systems (NASDAQ:ADBE) 37.53 +5.63: ADBE released positive earnings yesterday, beating quarterly EPS by $0.05. Revenues rose 0.1% to $1.15 billion, slightly over the $1.1 billion estimate.
  • PPG Industries (NYSE:PPG) 131.01 +4.63: Today PPG announced plans to acquire AkzoNovel (PINK:AKZOY) in a $1.05 billion deal that will more than double the company’s North American architectural coatings presence.
  • DaVita Healthcare Partners (NYSE:DVA) 109.66 +2.50: Upgraded to Buy from Neutral at Nomura

Large Cap Losers

  • Schlumberger Limited (NYSE:SLB) 68.13 -6.11: Issued an update today about contractual delays in Europe, CIS and Africa and seasonal slowdowns in North America that are expected to negatively impact Q4 EPS by $0.05-0.07.
  • Qualcomm (NASDAQ:QCOM) 60.34 -3.86: Weakness in sympathy with Apple decline.
  • Apple (NASDAQ:AAPL) 511.22 -3.49: UBS cut AAPL stock estimates from $780 to $700. Reports of a lukewarm iPhone 5 launch in China didn’t help either.

Mid Cap Gainers

  • Alcatel Lucent (NYSE:ALU) 1.23 +11.36: ALU entered into commitments with Credit Suisse (NYSE:CS) and Goldman Sachs (NYSE:GS) for 1.615 billion euros in senior secured credit facilities
  • Youku Tudou (NYSE:YOKU) 16.21 +3.84: Initiated with an Overweight at Morgan Stanley
  • Virgin Media (NASDAQ:VMED) 36.38 +3.71: Authorized a repurchase program to buy back at least 1.12 bln pounds or ~19% of current market capitalization

Mid Cap Losers

John Lansing tracks the charts all day and offers expert technical analysis in his day trading, options and trading services: Power Trading at the Open, Parabolic Options and Trending123.


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