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CRONKITE

Mid Day Movers and Shakers

  • Gainers
  • ALU (5.77 +8.03%), NOK (8.74 +4.67%): upgraded to Buy at Goldman
  • SLB (90.38 +4.02%): disclosed update on events affecting the current quarter
  • NVDA (19.36 +3.92%): upgraded to Outperform at JMP Securities
  • NFLX (237.07 +3.07%): strength attributed to reports of licensing agreement with Paramount Pictures
  • WAB (64.5 +9.51%): guided Q1 EPS above conseusus; raised FY11 guidance above
  • LULU (82.52 +4.93%): Cramer makes positive comments on MadMoney
  • VRUS (70.92 +4.64%): hearing upgraded to Buy at Noble Financial
  • LVLT (1.48 +3.87%): strength attributed to positive newsletter mention
  • DNDN (34.15 +3.64%): RBC expects CMS to issue a positive reimbursment memo on March 30

New highs

Communications (ARUN, VZ), Computer Peripherals (HYC, PANL), Computer Services (SINA, YOKU), Oil & Gas (APC, AAV, BHI, CVI, EOG, FTK, GPOR, HP, RES, PDS, PKD, WLL, SD), Railroads(CSX, WAB), and Tobacco (LO, PM, RAI).

Losers

  • MAR (35.17 -6.6%): downgraded to Neutral from Buy at Goldman; expects Q1 worldwide systemwide RevPAR to increase ~7%, at the low end of its 7-9% guidance; reaffirmed Q1 EPS guidance
  • EBAY (30.92 -2.46%): agreed to to purchase GSIC for $29.25 a share
  • GT (14.91 -3.5%): announced offering of mandatory convertible preferred stock
  • IRE (1.84 -1.6%): weakness attributed to article suggesting stress tests may reveal further losses

New Lows

CBEH, CISG, CXS, FUQI, MR, WATG

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