So far we have classic circle jerk trade as the country awaits for news out of the lame duck session and the fiscal cliff.
Large Cap Gainers
- HD (63.85 +4.40%): Beat quarterly EPS by $0.03 ($0.74 vs $0.71 estimate), revs rose 4.6% yoy to $18.13 bln vs $17.9 bln estimate; raised FY13 EPS guidance to $3.03 vs $2.99 estimate, raised FY13 rev guidance to +5.2% (~$73.63 bln) vs $73.78 bln estimate
- BRFS (18.29 +2.41%): Reported net sales reaced R$ 7.2 bln vs R$ 6.7 consensus
- CHK (17.55 +1.86%): Seeing reports hedge fund manager Mohnish Pabrai added to holdings of Chesapeake
Large Cap Losers
- NLY (14.25 -4.19%): Target lowered to $13.50 at FBR Capital – believes QE3 induced difficulties will persist for the foreseeable future
- BIDU (100.3 -4.11%): Article on Want China Times reporting that co is experiencing slowing growth and facing increased competition
- MSFT (27.16 -3.76%): Windows and Windows Live President Steven Sinofsky will be leaving the company
Mid Cap Gainers
- NS (41.09 +5.17%): Upgraded to Neutral from Underperform at Credit Suisse
- DKS (51.18 +5.09%): Beat quarterly EPS by $0.03 ($0.40 vs $0.37 estimate), revs rose 11.2% yoy to $1.31 bln vs $1.29 bln estimate; sees Q4 EPS of $1.03-1.05
- NTI (24.73 +4.66%): Reported Q3 operating income of $199.4 mln, revs rose 9% yoy to $1.264 bln vs $1.258 bln estimate
Mid Cap Losers
- TROX (15.69 -16.16%): Reported Q3 adjusted net income of $0.21 vs $0.36 single estimate, revs rose 5% yoy to $487.3 mln vs $492.8 mln two analyst estimate
- WFT (9.38 -13.83%): Reported Q3 revs of $3.82 bln vs $3.89 bln estimate; restated 1Q2012 results, revised prelim 2Q2012 results to correct errors in revenue and operating income amounts
- ACM (19.14 -12.04%): Reported Q4 adjusted earnings of $0.83 (in-line), revs fell 1.7% yoy to $2.08 bln vs $2.21 bln estimate; sees FY13 EPS of $2.40-2.50 vs $2.59 estimate, FY13 revs flat from $8.22 bln vs $8.57 bln estimate
