Stocks on the Move

Shares of WM. Wrigley Jr. (NYSE:WWY - News) surged more than 23% after the company reported earnings that beat estimates and agreed to a $23 billion merger with privately held Mars. The Short Term Power Rating for WWY is 4.
Ford (NYSE:F - News) shares jumped nearly 10% after Kirk Kerkorian's Tracinda announced it owns 4.7% of the company and plans to increase its holding. The Short Term Power Rating for Ford is 4.
After the close, Hartford Financial (NYSE:HIG - News) beat estimates by $0.05. The Short Term Power Rating for HIG is 4.
Visa (NYSE:V - News) reported Q2 earnings of $0.52 after the close, beating the consensus estimate by $0.07.
Before the market open and hot on the heels of Visa's numbers, MasterCard (NYSE:MA - News) is scheduled to report earnings of $1.99 per share. The Short Term Power Rating for MA is 5.
Valero Energy (VLO) is also due to report, with analysts looking for $0.29. The Short Term Power Rating for VLO is 4.

Labels: HIG, Hot Stocks, MA, V, VLO, WWY

Bank of America (NYSE:BAC) reported first-quarter revenues and earnings fell substantially due to trading losses and write-downs. BAC's Short Term PowerRating is 3.
Shares of National City (NYSE:NCC) plunged more than 27% after the bank reported an unexpected loss. NCC cuts its dividend and said its close to securing a $7 billion cash infusion. NCC's Short Term PowerRating is 5.
After the market close, Boston Scientific (NYSE:BSX) beat estimates by $0.13 but issued mixed guidance. BSX's Short Term PowerRating is 4.
Texas Instruments (NYSE:TXN ) reported earnings of $0.43, in-line with estimates. TXN's Short Term PowerRating is 4.
Before the market open, AT&T NYSE:T is scheduled to report, with analysts looking for earnings per share of $0.74. T's Short Term PowerRating is 4.
CME Group (NYSE:CME) is expected to report $4.81 per share. CME's Short Term PowerRating is 3.
And finally, the earnings forecast for DuPont (NYSE:DD) is $1.27. DD's Short Term PowerRating is 4.

Labels: BAC, Bank of America, BSX, CME, DD, Hot Stocks, NCC, TXN

JP Morgan Chase (NYSE:JPM) reported first quarter earnings of $0.68, beating estimates by $0.04. JPM's Short term PowerRating is 5.
Intel (NasdaqGS:INTC) also beat estimates by $0.04 and issued Q2 guidance in-line. INTC's Short term PowerRating is 5.
comScore reported the number of people clicking Google's paid search ads fell for the third straight month. Google (NasdaqGS:GOOG) is scheduled to report earnings after the close on Thursday. GOOG's Short term PowerRating is 5.
After the market close, eBay (NasdaqGS:EBAY) reported earning of $0.42, beating estimates by $0.03. EBAY's Short term PowerRating is 4.
And, International Business Machines (NYSE:IBM) beat estimates by $0.20 and issued an upbeat forecast. IBM's Short term PowerRating is 5.
Before the market open, Merrill Lynch (NYSE:MER) is scheduled to report, with analysts looking for a loss of -$1.99 per share. MER's Short term PowerRating is 5.
Pfizer (NYSE:PFE) is also due to report and expectations are pegged at $0.66. PFE's Short term PowerRating is 4.

Labels: EBAY, Ebay Inc., GOOG, Google Inc., Hot Stocks, IBM, INTC, Intel Corp., JP Morgan, JPM, MER, Merrill Lynch, PFE, Pfizer Inc.

General Electric (NYSE:GE) plunged nearly 13%, the most since the '87 crash, after the company reported earnings that missed estimates by $0.07 per share. The news was particularly disappointing because the company announced in January that it expected to report earnings in-line with estimates. GE's Short Term PowerRating is 5.
Shares of AMR Corp (NYSE:AMR) dropped after American Airlines was forced to cancel hundreds more flights on Friday. The total number of flights cancelled by American Airlines so far this week rose above 2,600. AMR's Short Term PowerRating is 5.
Genentech (NYSE:DNA) reported earnings of $0.84 per share, beating the consensus forecast by $0.02. DNA's Short Term PowerRating is 6.
Fastenal (NasdaqGS:FAST) rose more than 4% after the company beat estimates by $0.03. FAST's Short Term PowerRating is 4.
Shares of Frontier Airlines (NYSE:FRNT) collapsed 69% after the company filed for Chapter 11 bankruptcy protection.
Before the market open on Monday, BlackRock (NYSE:BLK) is scheduled to report earnings, with analysts looking for $2.05 per share. BLK's Short Term PowerRating is 7.
And, Charles Schwab (NYSE:SCHW) is expected to report earnings of $0.26. SCHW's Short Term PowerRating is 5.

Labels: AMR, BLK, DNA, FAST, FRNT, GE, Hot Stocks, SCHW

The New Zealand dollar gained against the greenback after a report showed the US economy shed jobs for a third straight month, confirming fears it may be in a recession.
By 8am today, the kiwi was buying US78.85c from US78.23c at 5pm on Friday.
Both the euro and yen also posted gains on the greenback after data showed US employers cut 80,000 jobs in March, more than expected and the biggest monthly fall in five years.
The Australian dollar managed a 0.6 percent gain against its US counterpart despite an unexpected dip in Australian February retail sales data.
The aussie was also too potent for its trans-Tasman counterpart, with the kiwi slipping to a four-week low around A85.30c early Saturday from A85.82c at Friday's local close. By 8am today the kiwi had regained some of the lost ground to A85.52c.

Labels: New Zealand Dollar

Monsanto (NYSE:MON) reported second quarter earnings surged by 83% on 45% higher revenue than a year ago. MON's Short Term PowerRating is 6.
Profit fell much less than expected at Best Buy (NYSE:BBY), with earnings beating estimates by $0.06. BBY's Short Term PowerRating is 4.
CarMax (NYSE:KMX) reported a 48% decline in profit, missing estimates by $0.07. KMKX's Short Term PowerRating is 4.
The Wall Street Journal reported that National City (NYSE:NCC) is in talks to sell itself to rival KeyCorp (NYSE:KEY - News). NCC's Short Term PowerRating is 7.
After the close, Research In Motion (NasdaqGS:RIMM) reported earnings of $0.72 per share, versus estimates of $0.70. RIMM's Short Term PowerRating is 5.
This stock is set to soar big time tomorrow morning. A good short term investment may be the April 120 Calls. Additionally, buying leaps is a must. There is just no way that the demand for the Blackberry will decrease.
And Micron Technology (NYSE:MU) missed estimates by $0.05. MU's Short Term PowerRating is 2.
Before the market open on Thursday, Constellation Brands (NYSE:STZ) is scheduled to report, with analysts looking for $0.25. STZ's Short Term PowerRating is 4.

Labels: BBY, Best Buy Inc., CarMax, Constellation Brands, KEY, KMX, MON, Monsanto, MU, NCC, Research in Motion, RIMM, stocks on the move, STZ

Asian stocks surged, Europe extended its gains and Wall Street was poised to rally once more Wednesday amid a growing belief that the worst of the credit crisis is over.
In Europe, share prices rose for banks such as UBS, which announced it was issuing new shares to help bolster its balance sheet after another massive write-down linked to bad U.S. mortgages. But automakers lagged on weak U.S. sales data for March, as well as a broker downgrade for Daimler.
In the U.K., the FTSE 100 rose 0.22 percent at 5,865.30, while Germany's DAX gained 0.65 percent at 6,763.77. France's CAC 40 climbed 0.68 percent to 4899.16.
In Tokyo the Nikkei 225 index rose 4.2 percent to 13,189.4. Hong Kong's Hang Seng Index climbed 3.2 percent to 23,872.4.

Labels: Asian stocks, CAC, FTSE, Germany's DAX, Nikkei 225, world markets

Shares of Lehman Brothers Holdings Inc. rose sharply Tuesday and helped rally broader markets, as the investment bank raised $4 billion in new capital to shore up its liquidity position.
It was $1 billion more than Lehman had said it planned to raise just Monday night; Lehman said the offering was oversubscribed.
Lehman shares rose $6.70, or 17.8 percent, to close at $44.34, as investors brushed off the dilution from the new shares, which will reduce their ownership stake in the company.
Lehman's efforts are aimed at reassuring investors that the company has enough cash to handle any market demands, unlike competitor Bear Stearns Cos. In March, Bear Stearns faced liquidity problems that led it to near-bankruptcy and forced its sale to JPMorgan Chase & Co. for about $10 per share.

Labels: LEH, Lehman Brothers Holdings Inc.

Technorati Profile

Financial stocks were among the big winners after Lehman Brothers Holdings Inc. and Switzerland's UBS AG issued new shares to help bolster their balance sheets. With that upbeat news and a fresh quarter ahead of them, investors appear quite willing to make some bets that the worst of the damage from the nation's credit struggles has been felt. Moreover, the banks' moves buttressed the view that financial services companies are taking aggressive action to improve their capital bases and stave off the potential of a collapse similar to Bear Stearns Cos.
Analysts believe there must be a recovery in bank and brokerages to lead major stock indexes higher. Some of the biggest financial players had their sharpest moves of the year Tuesday -- Citigroup Inc. shot up 11 percent, JPMorgan Chase & Co. rose 9 percent, and Lehman surged 18 percent.

Labels: C, Citigroup Inc., Financial stocks, JP Morgan, JPM, LEH, Lehman Brothers Holdings Inc., UBS