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

News that the Centro smartphone was taking customers away from the iPhone boosted shares of Palm (NasdaqGS:PALM) which manufactures the Internet-capable device. The Short Term PowerRating for PALM is 3.
An upgrade from Deutsche Bank AG helped oil refiners such as Tesoro (NYSE:TSO) move higher on Monday. The Short Term PowerRating for TSO is 3.
Lehman Brothers (NYSE:LEH) was among a number of Wall Street investment banks that saw its debt rating downgraded by Standard and Poor's on Monday. The Short Term PowerRating for LEH is 6.
Acorda Therapeutics (NasdaqGM:ACOR) was a standout stock on Monday as investors bid shares higher in the wake of positive clinical trial results for the biotech company's multiple sclerosis drug.
Toll Brothers (NYSE:TOL) is scheduled to announce quarterly earnings tomorrow morning before the bell. Analysts are expecting a loss of 0.87 EPS. The Short Term PowerRating for TOL is 5.
The board of directors of Wachovia (NYSE:WB) finally removed CEO Ken Thompson, while Washington Mutual (NYSE:WM) announced that Kerry Killinger would be replaced as chairman - though Killinger will stay on as CEO. The Short Term PowerRating for WM is 6.

Labels: ACOR, Hot Stocks, LEH, PALM, Stocks, TOL, Toll Brothers, TSO, WB, WM