Some Stocks Won’t Perform With Market (BWLD, CMCSA, CVC, DF, DRWI, HAL, MCO, MHP, NRG, PCBC, WMT, COST, GENZ)

Buffalo Wild Wings Inc. (NASDAQ: BWLD) opened up this morning but slid steadily after the first few minutes of trading.  Shares are down 1.2% at $37.40 after continued fears of same-store sales gains.  Volume is rather light here today.

Comcast Corporation (NASDAQ: CMCSA) is down 1.1% at $18.16 and Cablevision Systems Corporation (NYSE: CVC) is down 1.4% at $24.30 in early afternoon trading after a Bernstein downgrade.

Dean Foods Company (NYSE: DF) is down a whopping 24.7% at $11.03 on major volume of well over 20 million shares half-way through the trading day.  Dean saw an earnings slide and it suspended earnings guidance, and this technically a decade low.

DragonWave Inc. (NASDAQ: DRWI) is down after four or five analysts either cut estimates or downgraded the stock after last week’s troubled earnings showing that its growth may already be capped. Shares are down almost 8% at $5.53 on the day.

Halliburton Company (NYSE: HAL) is down 0.15% at $27.47, likely on more and more fears about the Gulf of Mexico spill.

Moody’s Corporation (NYSE: MCO) is down over 7.5% at $21.58 today after reports that it may face SEC action(s) for misleading regulators in a license application that may have added fuel to the fire over the credit crisis.  Throw in The McGraw Hill Companies, Inc. (NYSE: MHP) in there for its S&P unit to have a near-7% drop to $28.19. Wait one second here, ratings agencies having a stake in the credit bubble and crisis…. Duh!!!!

NRG Energy, Inc. (NYSE: NRG) was down 0.2% at $22.60 this morning after its net income was down 70% net on less derivative gains and as results from operations missed expectations.

Pacific Capital Bancorp (NASDAQ: PCBC) is at it again… today for a 6.1% drop to $2.29 on well over 8 million shares.

Wal-Mart Stores, Inc. (NYSE: WMT) is the only of the 30 DJIA components not up on the day, and shares are down 0.2% at $52.24 as investors go back into “recovery retail winners” rather than the winner of the recession.

Of the “barely up crowd” there are the following:

Costco Wholesale Corporation (NASDAQ: COST) is up only about 1% today at $57.95 on light volume, a surprise considering that this is one of the retail investor favorites.

Genzyme Corporation (NASDAQ: GENZ) is one where investors are choosing other growth over current problems.  Shares are up not even 0.2% at $51.87 on a day that almost every major biotech is far higher.

These are not the only losers on a strong day, but this is a solid example of the stocks which are just not performing along with the market.

JON C. OGG