The following are some of today’s most notable movers of interest ranked by % change (all stocks over 100,000 average daily volume).
Biggest Stock Gainers
- Unilever (NYSE:UL) 39.86 – 40.15, +2.33%: A strong quarter by UL reminds us that a consumer staples company (XLP) can grow prices and volume coupled with the right focus on categories and geography.
- Logitech (NASDAQ:LOGI) 7.49 – 7.84, +4.13%: LOGI, which has made $440 million worth of acquisitions in recent years, will accept a $211 million write-down for its videoconferencing business. LOGI has acknowledged that the enterprise videoconferencing market has slowed down in recent quarters.
- AMD (NYSE:AMD) 2.59 – 2.75, +12.24%: A slight Q4 beat and below-consensus Q1 guidance, along with low expectations and what may be short-covering are helping the AMD rally. AMD noted on the latest earnings call its SeaMicro unit showed “significant revenue growth.” Gross margin was 39%, dropping from 46% in Q4 2011 but an increase from 31% in the third quarter.
- Whirlpool (NYSE:WHR) 103.41 – 108.16, +3.16%: U.S. regulators approved a plan to charge taxes on imported washing machines, which will help WHR. This follows a Commerce Department study last month that foreign manufacturers were offering artificially-low prices to gain an edge on the competition.
- Cree’s (NASDAQ:CREE) 38.31 – 41.20, +22.08%: The company announce a major beat and impressive guidance for next quarter, which is fueling a rally in LED stocks. SemiLEDs (NASDAQ:LEDS +24.24%) has the biggest gain, but Aixtron (NASDAQ:AIXG +7.96%), Veeco (NASDAQ:VECO +5.06%), and Rubicon (NASDAQ:RBCN +3.13%) were also in the green. Cree mentioned on its earnings call that LED pricing remains tough, but it also forecasts strong growth for its higher-margin products.
- Netflix (NASDAQ:NFLX) 97.02 – 103.34, +5.30%: has rallied above $103 ahead of its report Wednesday after the close. Helped by Carl Icahn, new content deals, and confidence that Amazon and other competitors can be kept in check, shares are up 70% from where they closed after Netflix’s latest disappointing report. In addition to subscribers, the company will likely focus on margins, especially in light of Netflix’s enormous content obligations. Today’s increase stems from Netflix and YouTube showing off DIAL, the company’s answer to Apple’s (NASDAQ:AAPL) AirPlay.
Biggest Stock Losers
- Molycorp (NYSE:MCP) 7.76 – 8.50, -10.82%: MCP shares plunged after warning that production was significantly lower than expected in Q4 2012,while at the same time enduring a $250 million cash shortfall despite its proposed $300 million capital raise.
- Research In Motion (NASDAQ:RIMM) 17.22 – 18.08, -3.44%: RIM forfeited a chunk of yesterday’s gains after analysts at Citi reiterated a Sell and made the case that shares aren’t properly discounting the threat of cheap Android phones, particularly in emerging markets. RIM is set to launch its BlackBerry Enterprise Server 10, which supports iOS and Android device management to go with BB10.
- Coach (NYSE:COH) 50.47 – 55.00, -15.79%: CEO Lew Frankfort points to disappointing holiday sales, lower traffic at both its full-priced stores and factory outlets and increased promotions by competitors to which COH lost portions of their market share during the holiday season
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