Trader Alerts: 9 Big Stock Movers This Wednesday (BA, CMG, DELL, FIVE, GNW, ONXX, VRA, WEN, YHOO)
January 16, 2013 by Jon C. Ogg
Boeing Co. (NYSE: BA) is trading lower after all of its 787 dream liner plans have been grounded in Japan after an emergency landing occurred yesterday. This is leading the down low. Boeing shares are trading down about 4% at $74.01 this morning.
Chipotle Mexican Grill Inc. (NYSE: CMG) is trading down sharply after the company warned that higher food costs are going to bite into its fourth-quarter earnings. The good news is that its retail revenues were higher than expected. Shares are currently down almost 8% around $273.50.
Dell Inc. (NASDAQ: DELL) is trading down about 3% as the word of a buyout is not coming with a large premium and the recent rally may have already put in a cap in the shares. Dell shares are down more than 3% at $12.74 in very active trading before the open.
Five Below Inc. (NASDAQ: FIVE) is trading lower this morning after the company raised its fourth-quarter guidance but also said that it would sell 7 million shares in a secondary offering. Shares are down almost 2% around $31.25.
Genworth Financial Inc. (NYSE: GNW) is trading higher on news that it plans to create a new parent company with a $100 million or more contribution toward its money-losing mortgage insurance operations. This has been Genworth’s big thorn in its side and might allow it to finally get out from under this overhang. The move is to work around the company’s debt covenants. Genworth shares are up almost 9% at $8.85 this morning.
Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) is trading lower this morning after the company disclosed that it plans to sell 4.4 million shares in a secondary offering. This represents more than 5% of the shares outstanding. Shares are down only about 2% so far at $81.90, but we would note that this is after one massive rally in 2012.
Vera Bradley Inc. (NASDAQ: VRA) is trading higher after the company raised its fourth-quarter earnings expectations. The company did say that it saw lower-than-expected traffic in the holiday season and that it may have flat same-store sales. Shares are still up about 8% closing in on $25 this morning.
Wendy’s Co. (NASDAQ: WEN) is trading higher this morning after the company’s fourth-quarter earnings rose to above expectations. The company did report one word of caution, and that was the margins and same-store sales are still not rising. Earnings should be in line to slightly above expectations for 2013. Wendy’s is trading up almost 4.5% at $5.12 this morning.
Yahoo! Inc. (NASDAQ: YHOO) is trading up more than 3% and back above $20 on news that Alibaba is now going to come public in an IPO. This will allow for more monetization of that asset.
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