Thursday, January 17, 2013

Today's Stock Movers: Intel, Banks, CBS, NuSkin

Lots of individual stock news hitting the wires after the bell last night and this morning. Here are some of the movers that I feel are of importance.

Bank of America ($BAC) and Citigroup ($C) - The two big banks reported earnings this morning before the opening bell and $BAC was able to beat by a penny after one-time mortgage-related charges and $C missed their estimates. Both stocks are down about 3% in early trading. This is after $GS and $JPM rose on their earnings earlier in the week. Keep in mind that $BAC was the top performing Dow stock over the last year, so a 3% pullback is not too worrisome.

Nu Skin Enterprises ($NUS) - This is a stock I own for clients and it has been a very big winner over the last few years, but recently has gotten beat up over the Herbalife ($HLF) debacle/attack. Heading into today the stock had rallied 30% off the lows and is up another 9% today after raising guidance ahead of the 2/2/13 earnings announcement. This is a case of a stock getting battered due to its business model and investors selling first and asking questions later. Keep an eye on $NUS.

CBS Corp ($CBS) - Surging to a decade high, up over 10% today after announcing it will convert its outdoor advertising unit into a Real Estate Investment Trust (REIT). The news has analysts predicting the move will add several dollars per share to the value of the company.

Intel ($INTC) - A world leading semiconductor company reports earnings after the bell today and the stock is up 1.2% to a new 3-month high ahead of the announcement. The large-cap has been beaten up lately, but is up over 12% in the last two months. EPS are expected to have dropped to $0.45/share and any upside beat should propel the stock higher. We do own shares of $INTC and love the upside potential as well as the 4.1% dividend it currently pays.

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