Stocks on the Move

Washington Mutual (NYSE:WM) is now officially on sale, with potential acquirers including JP Morgan Chase (NYSE:JPM). The Short Term PowerRatings for WM and JPM are 5 and 4 respectively.
SanDisk (NasdaqGS:SNDK) is the target of an unsolicited takeover bid from Samsung Electronics. Samsung has offered $5.85 billion for the company. The Short Term PowerRating for SNDK is 4.
Among the best performing stocks were those related to gold and mining. Barrick Gold Corporation (NYSE:ABX) was up nearly 13% on the day. Newmont Mining Corporation (NYSE:NEM) gained more than 9%. The Short Term PowerRatings for ABX and NEM are both 3.
Reporting earnings Thursday morning before the market opens, FedEx (NYSE:FDX) is expected to announce earnings per share of $1.21. The Short Term PowerRating for FDX is 5.
Shares of Morgan Stanley (NYSE:MS) fell more than 27% on Wednesday despite beating analyst estimates by more than 50 cents after the close on Tuesday. The Short Term PowerRating for MS is 7.

Labels: ABX, FDX, Morgan Stanley, MS, NEM, SNDK, Stocks, Washington Mutual, WM

Amazon.com (NasdaqGS:AMZN) soared on news that Goldman Sachs added the company to its "buy" list, citing the potential for growth in the leading online retailer. The Short Term PowerRating for AMZN is 4.
Another day, another upgrade in the semiconductor sector as Citigroup raises Texas Instruments (NYSE:TXN) from "hold" to "buy". The Short Term PowerRating for TXN is 3.
Railroad stocks continued to rally with CSX Corp. (NYSE:CSX)leading the group higher on the day. The Short Term PowerRating for CSX is 3.
Shares of SanDisk (NasdaqGS:SNDK) plunged more than 7% on an analyst downgrade to "market underperform." The Short Term PowerRating for SNDK is 2.
Traders bid shares of Solarfun Power Holdings (NasdaqGM:SOLF) higher on Monday in anticipation of the company's earnings report on Wednesday before the open. The Short Term PowerRating for SOLF is 1.
Home Depot (NYSE:HD), the worlds largest home improvement retailer, reports earnings Tuesday morning before the bell. Analysts expect EPS of $0.37. The Short Term PowerRating for HD is 4.
Oracle (NasdaqGS:ORCL) found its future and Larry Ellison's leadership endorsed by Barron's magazine over the weekend. The stock was up more than 3% on the Monday. The Short Term PowerRating for ORCL is 4.

Labels: AMZN, CSX, HD, ORCL, SNDK, SOLF, Stocks, TXN

Merck (NYSE:MRK) lost 14.7% and Schering-Plough (NYSE:SGP) plunged 26% after a panel of experts urged doctors to cut prescriptions of Vytorin and Zetia, their jointly marketed cholesterol drugs. MRK's Short Term PowerRating is 5 and SGP's Short Term PowerRating is 5.
Cal-Maine Foods (NYSE:CALM) dropped 11.8%, despite reporting earnings that more than tripled from a year ago. CLAM's Short Term PowerRating is 6.
Western Union (NYSE:WU) partnered with Radio Shack (NYSE:RSH) to allow users to transfer money through their cell phones. WU's Short Term PowerRating is 6 and RSH's Short Term PowerRating is 5.
SanDisk (NasdaqGS:SNDK) rose 6.6% after a strong showing by memory chip makers in Asia overnight. SNDK's Short Term PowerRating is 4.

Labels: CALM, MRK, RSH, SGP, SNDK, stocks on the move, WU