2012 January

Sony Leads Japanese Companies Releasing Earnings Next Week

After this past week’s stellar earnings from Apple Inc. (NASDAQ:AAPL) and Netflix, Inc. (NASDAQ:NFLX), many Japanese companies are set to announce earnings this week. Headlining this weeks earnings are Sony Corp. (NYSE:SNE). Sony’s earnings look like bad news for shareholders as the company has warned of a $1.2 billion net loss for the fiscal year ending in March.

Sony’s full year fiscal forecast came before Sony’s announcement earlier this month that it would take a 33 billion yen one time charge for the quarter after Sony Ericsson posted an unexpected loss for the quarter. One reason for Sony’s recent woes is currency exchange rates. The U.S. dollar remained below 80 yen for the quarter causing a rise in prices of the company’s exports compared to competitors in other countries. The massive flooding in Thailand last year also affected their results.

Other Japanese companies will also be affected by the same problems plauging Sony. Panasonic Corp. (NYSE:PC) will announce their earnings on Friday and is also expecting a fiscal year net loss. Panasonic is being weighed down by their television unit and costs from its subsidiary, Sanyo.

Other companies to watch this week for earnings include Toshiba Corp. (TYO:6502), Honda Motor Co. (NYSE:HMC), Sharp Corp. (TYO:6753) and Hitachi Ltd. (NYSE:HIT).

Global markets will be watching manufacturing data coming out of China closely this week. Many analysts are expecting the PMI’s to disappoint pointing to a reading of 48.8. A reading of 50 is the difference between contraction and expansion.

Greece Gets Closer To Deal With Creditors

The usual story out of Greece today as the country appears to be a little bit closer to a deal with its creditors. This deal will determine how much of a loss the creditors will accept with their bond holdings.

These talks will continue all weekend long and officials said some kind of announcement will occur this weekend. Talks between the two parties have collapsed twice already as the IMF and European leaders want Greece to push for even more debt reduction. If Greece fails to do this, the latest talks could also collapse.

Sources close to the discussions have said that bondholders have made significant concessions towards the interest rate the new Greek bonds would carry. The creditors could accept rates as low as 3.6%.

Major euro financial institutions such as the ECB are calling for more budget cuts and reforms in Greece if the country wants another 30 billion bailout package. This demand comes as major austerity measures have already hit the country amid widespread protests by Greeks.

If this situation continues, volatility could creep back into the market as investors wonder if Europe will ever fix their debt related problems.

Active Stocks In Midday Trading: FTR, CSCO, RIMM, HGSI, EMN, UAL

Stocks are slipping in midday trading as GDP numbers came in lower than expected. The economy grew at a 2.8% annual rate in the last three months of the year. Economists were expecting 3% growth. Inventory stockpiling accounted for 1.9% of the GDP in the fourth quarter.If you take that out, the economy only grew at 0.8%. The Dow is currently down 83 points, the Nasdaq is up 5 points and the S&P 500 is down 4 points.

Frontier Communications Company (NASDAQ:FTR) is down 5.15% in midday trading at $4.23. FTR has traded 38.7 million shares so far today, about double its daily average. FTR shares are down about 20% on the year. The company has a market cap of 4.23 billion. Check out one of the best swing traders on the street.

Cisco Systems, Inc. (NASDAQ:CSCO) is down 1.26% today at $19.56. CSCO has traded 27.9 million shares so far today and trades 47.4 million shares a day on average. CSCO shares are dipping a little bit today as the overall market looks weak right now. The company has a market cap of 105.10 billion.

Research In Motion Limited (NASDAQ:RIMM) is up 2.65% in midday trading at $16.70. RIMM has traded 14.1 million shares today and trades 24.4 million shares a day on average. RIMM shares have been bouncing back the past few days after falling more than $2 a share earlier this month. The company has a market cap of 8.62 billion.

Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 8.61% today at $10.60. HGSI has traded 7.5 million shares so far today, 1 million shares more than its daily average. HGSI shares are up more than $3 a share since the start of the year. The company has a market cap of 2.08 billion. Check out one of the best swing traders on the street.

Eastman Chemical Company (NYSE:EMN) is up 4.90% in midday trading at $49.44. EMN has traded 10.8 million shares right now, well above its daily average of 1.6 million shares.EMN shares are up today after the company bought Solutia for $3.4 billion. The company has a market cap of 6.78 billion.

United Continental Holdings (NYSE:UAL) is up 6.36% today at $23.08. UAL has traded 10.5 million shares today, 80% more than its daily average. UAL shares are up today after the company posted fourth quarter results that beat surpassed analysts expectations. The company has a market cap of 7.64 billion.

Greece and Private Creditors Close To Deal According To EU Official

A deal between private creditors and Greece appears to be getting closer to being done according to Olli Rehn, the EU’s monetary commissioner. Discussions between the two parties have been going on for a while now as they figure out how to swap shorter-dated bonds for new, longer-maturity ones. Many analysts believe an agreement must be done in order to avoid a messy default.

Rehn said he believes a deal will get done, “The next three days will be very crucial for that future … three years,” he said.

“In other words, we are just about to close a deal on the private sector involvement between the Greek government and the private creditor community, if not today maybe over the weekend, but in any case preferably still in January rather than in February,” he told participants in the debate in Davos hosted by CNBC.

The main sticking point in negotiations is with the coupon on new, long maturity bonds. The IMF and EU want it low enough so Greece’s debt will fall to 120% of GDP by 2020. It is currently at 160% of GDP.

The EU and IMF are also pressuring Greece to make more cuts to its bloated budget to ensure it gets another bailout.

Morning Movers: SOA, ELX, FSLR, RVBD, JNPR, CIGX

Solutia Inc. (NYSE:SOA) is up 39.93% this morning at $27.29. SOA has traded 36.7 million shares so far today, way above its daily average of 1.3 million shares. SOA shares are climbing this morning following news that Eastman Chemical to buy Solutia for $3.38 billion or $27.65 a share. The company has a market cap of 3.28 billion.

Emulex Corporation (NYSE:ELX) is up 9.39% today at $10.14. ELX has traded 2.3 million shares so far today, more than double its daily average. ELX shares are jumping today after the company beat expectations for fiscal second quarter and forecasts a strong fiscal third quarter. The company has a market cap of 868.54 million. Check out one of the best swing traders on the street.

First Solar, Inc. (NASDAQ:FSLR) is up 5.28% today at $43.10. FSLR has traded 3.2 million shares so far today and trades 4 million shares a day on average. FSLR shares have jumped more than $6 a share in the past couple of days. The company has a market cap of 3.75 billion.

Riverbed Technology, Inc. (NASDAQ:RBVD) is down 22.89% this morning at $23.07. RBVD has traded 13.6 million shares so far today, more than four times its daily average. RBVD shares fell this morning after the company’s first quarter forecast came in below Wall Street estimates. The company has a market cap of 3.61 billion.

Juniper Networks, Inc. (NYSE:JNPR) is down 7.29% today at $20.74. JNPR has traded 18.1 million shares so far today, double its daily average. JNPR shares are down after the company reported a “weak finish to the year.” The company has a market cap of 10.81 billion. Check out one of the best swing traders on the street.

Star Scientific, Inc. (NASDAQ:CIGX) is down 6.76% this morning at $2.76. CIGX has traded 3.7 million shares so far today, more than three times its daily average. CIGX shares are dipping slightly after the company jumped up yesterday following news that the company and Reynolds American to explore patent settlement. The company has a market cap of 374.12 million.

Futures Mixed After GDP Miss. Stocks to Watch: STX, HAL, AMZN, BVSN, F, NOK, NFLX

US Futures are heading lower after the GDP missed expectations. Dow futures are currently up 14 points to 12,698. Nasdaq 100 futures are flat, while the S&P 500 futures are adding a modest 1.25 points to 1,316.50.

The major indexes experienced a sharp pullback yesterday after new home sales disappointed. After a string of encouraging data sets, the sales figures showed the economy is not quite ready to emerge on a strong footing. Check out one of the best swing traders on the street.

On the economic data calendar are the GDP numbers for the 4th quarter at 8:30 am EST, along with the consumer sentiment numbers at 10am EST. GDP numbers came in lower than expectations, with the 4th quarter posting a gain of 2.8%. While consensus was for a 3% gain, this does represent the fastest pace of growth in over a year and a half.

In Europe, the sovereign debt crisis continues to be a major concern. In Davos, Treasury Secretary Tim Geithner urged EU leaders to build a stronger firewall to prevent contagion risk. He said that the US outlook and progress on the jobless depending on the EU resolution, Gulf oil supplies and the US political outlook.

European stocks are mostly lower this morning with the Stoxx 600 index off .3%. EU investors continue to fret over the lack of resolution over debt negotiations with Greece and private bondholders.

In commodities, Gold prices are down nearly $3 to $1,724 per ounce. The metal has been on a run since the start of 2012. With the Fed keep various stimulus programs in place, gold is looking to extend its gains.

Oil prices are back above the $100 a barrel mark today, up 53 cents to $100.21.

Stocks to watch today include Seagate Technology (NASDAQ:STX), Halliburton Company (NYSE:HAL), Amazon.com, Inc. (NASDAQ:AMZN), BroadVision, Inc. (NASDAQ:BVSN), Ford Motor Company (NYSE:F), Nokia Corporation (NYSE:NOK) and Netflix, Inc. (NASDAQ:NFLX)

Seagate Technology (NASDAQ:STX) is up 3.54% in pre market trading at $20.50. STX shares are rising after Seagate announced a dividend increase of 39% and a $1 billion share repurchase. The company has a market cap of 8.31 billion.

Halliburton Company (NYSE:HAL) is up 4.40% in pre market trading at $37.75. HAL shares are up $2 a share on the year. The stock trades 18.1 million shares a day on average and has a market cap of 33.27 billion. Check out one of the best swing traders on the street.

Amazon.com, Inc. (NASDAQ:AMZN) is up 0.49% in pre market trading at $194.27. AMZN shares jumped more than $8 a share yesterday following good earnings from Netflix. There have been reports that Amazon is looking to jump into the streaming service space. We may find out more when the company releases their latest earnings on Jan. 31. The company has a market cap of 87.91 billion.

BroadVision, Inc. (NASDAQ:BVSN) is down 9.21% in pre market trading at $20.00. BVSN shares are dipping after the company announced lower fourth quarter revenue. Revenue fell 17% to $4.19 million. BroadVision announced an adjusted loss of $0.30 per share versus earnings per share of $0.06 in the same quarter last year. The company has a market cap of 99.47 million.

Ford Motor Company (NYSE:F) is down 5.43% in pre market trading at $12.11. F shares are down after the company released its fourth quarter earnings. Ford earned 13.6 billion in the fourth quarter thanks to a decision to move deferred tax assets back onto its books. Without this change the company’s pre tax operating profit was $1.1 billion or $0.20 per share. Analysts were estimating $0.45 per share. Ford remained strong in North America, but lost money in Europe and Asia in the fourth quarter. The company has a market cap of 48.60 billion.

Nokia Corporation (NYSE:NOK) is down 2.04% in pre market trading at $5.29. NOK shares are dipping slightly in pre market after the stock saw a slight jump yesterday following earnings. Nokia’s Lumia phones were a bright spot at the company’s recent earnings results. The company has sold more than a million of them already and they are the first phones using the new Windows operating system. The company has a market cap of 20.03 billion.

Netflix, Inc. (NASDAQ:NFLX) is up 0.29% in pre market trading at $116.35. NFLX shares jumped $20 a share yesterday following good earnings. NFLX had an EPS of $0.73 per share, while analysts were expecting $0.54 a share. The company saw a gain of 220,000 subscribers in the fourth quarter. The company has a market cap of 6.09 billion.

Midday Movers As Market Close To Being Negative: CSIQ, GENE, MLNX, MNTA, MWW, LOGI

Stocks have given up much of their early gains from this morning after an unexpected decline in new home sales. The market is turning sharply lower thanks to the Feds decision to hold interest rates near zero for the next two years and better than expected earnings from companies. Right now the Dow is up just 5 points, the Nasdaq is down 9 points and the S&P 500 is down 5 points.

Canadian Solar Inc. (NASDAQ:CSIQ) is up 11.64% in midday trading at $3.55. CSIQ shares are bouncing today after a module deal with Abu Dhabi Firm. CSIQ has traded 1.5 million shares so far today, 50% more than its daily average. The company has a market cap of 154.49 million. Check out one of the best swing traders on the street.

Genetic Technologies Ltd. (NASDAQ:GENE) is up 8.56% today at $4.68. GENE has traded 461 thousand shares today, way above its daily average of 43 thousand shares. Over the past two days GENE has seen a huge increase in volume and price. In the past two days the stock has jumped $1.40 a share. The company has a market cap of 63.63 million.

Mellanox Technologies, Ltd. (NASDAQ:MLNX) is up 15.47% today at $35.98. MLNX has traded 1.3 million shares so far today, more than five times its daily average. MLNX shares are up today after the company reported earnings yesterday. Mellanox beat estimates on revenue with $72.7 million and earnings per share with $0.31. The company has a market cap of 1.41 billion.

Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) is down 20.36% today at $15.22. MNTA has traded 6 million shares at midday, more than six times its daily average. MNTA shares dropped today after Amphastar wins stay in Lovenox case. The company has a market cap of 763.25 million. Check out one of the best swing traders on the street.

Monster Worldwide, Inc. (NYSE:MWW) is down 20.49% in midday trading at $7.13. MWW has traded 6.6 million shares so far today, well above its daily average of 3.4 million shares a day on average. MWW shares are down after reporting fourth quarter earnings. Monster missed EPS by $0.01, missed revenue and announced it will be cutting 400 jobs. The company has a market cap of 899.63 million.

Logitech International (NASDAQ:LOGI) is down 12.47% today at $7.16. LOGI shares are dipping today after missing on its fiscal third quarter results by $0.03. It also missed on revenue and lowered fiscal year 2012 revenue guidance. LOGI has traded 1.1 million shares so far today, double its daily average. The company has a market cap of 1.24 billion.

Jobless Claims and Durable Goods Orders Jump

New claims for unemployment rose last week to 377,000, up from last week’s nearly four-year low. Jobless applications have been on a downward trend over the past few months with the four week average at 377,500. Any number below 375,000 is seen as a signal that hiring is good enough to lower the unemployment rate.

The economy has added at least 100,000 jobs for six straight months now and the unemployment rate has dropped to 8.5%. Economists are expecting job gains of 160,000 a month in 2012. Many economic indicators including the jobs market showed improvement in late 2011. Factory output jumped in December and consumer confidence and spending rose. Consumer spending usually increases though as Black Friday and holiday shopping sends consumers to the stores.

Growth could slow down though as many economist believe that Europe falling into a recession is a forgone conclusion because of its debt crisis.

In other news, durable goods orders jumped 3% in December. “There is more horsepower to this economy than most believe,” said Sung Won Sohn, an economics professor at California State University, Channel Islands. “The stars are aligned right for a meaningful economic recovery.”

Stocks have given up most of their gains this morning as the Dow is positive, but the Nasdaq and S&P have turned negative.

Stocks Heading Higher This Morning: MITI, PMTC, NBG, JCP, JASO, SOL

The stock market is turning lower in early trading after housing sector news. New home purchases fell in December and made 2011 the worst year for home sales on record. 302,000 homes were sold last year, down from 323,000 sold in 2010. The Dow is trading off its highs with a 24 point gain, the Nasdaq is down 7 points and the S&P 500 is down 2 points.

Micromet, Inc. (NASDAQ:MITI) is up 32% in early trading at $10.93. MITI is up on heavy volume following news that Amgen will buy the company for $1.16 billion. The offer is at $11 a share, a 33% premium of Micromet’s closing price on Wednesday. MITI has traded 52 million shares so far today, well above its daily average of 588 thousand shares. The company has a market cap of 1.01 billion. Check out one of the best swing traders on the street.

Parametric Technology Corporation (NASDAQ:PMTC) is up 18.03% today at $25.46. PMTC shares jumped this morning after the company announces strong fiscal quarter one results. Parametric beat Wall Street estimates by $0.04 per share and guidance for the second quarter were in line with estimates. PMTC has traded 2.3 million shares so far today, more than double its daily average. The company has a market cap of 2.98 billion.

National Bank of Greece (NYSE:NBG) is up 14.38% today at $3.17. NBG shares have jumped today as talks between the country and its creditors resumed today and they hope to have a deal worked out before the end of the week. NBG has traded 1.6 million shares so far today, more than twice its daily average. The company has a market cap of 15.25 billion.

J.C. Penney Company, Inc. (NYSE:JCP) is up 10.39% this morning at $37.79. JCP has traded nearly 15 million shares so far today, five times its average volume. JCP shares are rallying today as the company announces new pricing methods and limit promotions. The company has a market cap of 8.12 billion.

JA Solar Holdings, Co., Ltd (NASDAQ:JASO) is up 6.20% today at $1.73. JASO shares are bouncing back today after falling more than $0.40 over the past few days. JASO has traded 6.2 million shares so far today, 2 million shares more than its daily average. The company has a market cap of 291.44 million.

Renesola Ltd. (NYSE:SOL) is up 8.45% today at $2.31. SOL has traded 1.1 million shares so far today and trades 1.5 million shares a day on average. SOL shares are seeing a bit of abounce following a drop over more than $0.20 last week. The company has a market cap of 201.41 million.The stock market is turning lower in early trading after housing sector news. New home purchases fell in December and made 2011 the worst year for home sales on record. 302,000 homes were sold last year, down from 323,000 sold in 2010. The Dow is trading off its highs with a 24 point gain, the Nasdaq is down 7 points and the S&P 500 is down 2 points.

Micromet, Inc. (NASDAQ:MITI) is up 32% in early trading at $10.93. MITI is up on heavy volume following news that Amgen will buy the company for $1.16 billion. The offer is at $11 a share, a 33% premium of Micromet’s closing price on Wednesday. MITI has traded 52 million shares so far today, well above its daily average of 588 thousand shares. The company has a market cap of 1.01 billion.

Parametric Technology Corporation (NASDAQ:PMTC) is up 18.03% today at $25.46. PMTC shares jumped this morning after the company announces strong fiscal quarter one results. Parametric beat Wall Street estimates by $0.04 per share and guidance for the second quarter were in line with estimates. PMTC has traded 2.3 million shares so far today, more than double its daily average. The company has a market cap of 2.98 billion.

National Bank of Greece (NYSE:NBG) is up 14.38% today at $3.17. NBG shares have jumped today as talks between the country and its creditors resumed today and they hope to have a deal worked out before the end of the week. NBG has traded 1.6 million shares so far today, more than twice its daily average. The company has a market cap of 15.25 billion.

J.C. Penney Company, Inc. (NYSE:JCP) is up 10.39% this morning at $37.79. JCP has traded nearly 15 million shares so far today, five times its average volume. JCP shares are rallying today as the company announces new pricing methods and limit promotions. The company has a market cap of 8.12 billion.

JA Solar Holdings, Co., Ltd (NASDAQ:JASO) is up 6.20% today at $1.73. JASO shares are bouncing back today after falling more than $0.40 over the past few days. JASO has traded 6.2 million shares so far today, 2 million shares more than its daily average. The company has a market cap of 291.44 million. Check out one of the best swing traders on the street.

Renesola Ltd. (NYSE:SOL) is up 8.45% today at $2.31. SOL has traded 1.1 million shares so far today and trades 1.5 million shares a day on average. SOL shares are seeing a bit of abounce following a drop over more than $0.20 last week. The company has a market cap of 201.41 million.

Greek Talks Continue As Time Is Running Out

Negotiations on a debt swap deal with private creditors in Greece resumed today. The ECB is now part of the negotiations after IMF chief Christine Lagarde said public sector holders of Greece’s debt may need to take losses as well.

Greece is looking to get a deal done quickly to avoid a potentially catastrophic default when a bond redemption comes due in March. Greek officials are hoping to finish talks this week. The IMF put pressure on the ECB yesterday saying that public holders of Greek debt may need to accept losses if losses taken by the private sector don’t bring Greece’s debt to a sustainable level.

“We are ready to make an effort if everyone else (including the ECB) makes an effort,” a source close to the talks told Reuters.

The main area of disagreement is interest rate on the new bonds. The IMF and some euro countries are insisting the interest rate must be low enough in order for Greece’s debt to fall to 120% of GDP by 2020, down from the current 160%.

The main danger from Greece right now is that an uncontrolled default could cause a wide spread banking crisis in Europe.

The markets are largely ignoring Greece right now as earnings and news from the Fed have helped keep the bull rally going. Futures are up about 0.5% right now as the Dow is set to open 70 points higher, the Nasdaq will open 9 points higher and the S&P is set to open 6 points higher.

US Futures Continue Their Bullish Streak. Stocks to Watch: NFLX, NOK, AMZN, HGSI, SIRI, T, CAT

Futures are trending higher as reaction to the Fed’s comments continued over into today. Netflix’s beat on earnings yesterday is also helping to prop up the market that is looking to extend its run. Dow futures are currently up 52 points to 12,740. Nasdaq 100 futures are following suit, up 4.75 points to 2,465. The S&P 500 futures are up a modest 4.50 points to 1,324.75.

The economic data calendar is stacked today with multiple reports set to be released at 8:30am EST. These include jobless claims, durable goods and the Chicago Fed national activity numbers. Consensus expectations are that the jobless claims will come of their low of last week and settle around 373k. This would still keep the downward trend, seen since September, intact. Check out one of the best swing traders on the street.

At 10am, new home sales and leading indicators for December will be released.

Yesterday’s Fed announcement is helping to underpin the global rally. The issue here is that it provides fuel for both bulls and the bears. For the bulls the era of free money is still alive and kicking. For the bears, the continuous flow of cheap money and ‘printing’ signals to them an incoming depression.

Europe was enjoying a break from the headlines with the Fed announcement. Major indices in the EU are rallying off the Fed keeping rates low into 2014. Their issues still remain and it looks like another one is creeping up. The Greek issue is still outstanding and it looks like creditors are creating their own red line.

Outside of Greece a new problem is creeping up. Portugal. Looking at bond yields you would be forgiven if you thought the chart was a Greek on. Today the 10 year passed 15%. Obviously this makes their debt servicing unsustainable and it will not be long until you hear the clamoring for a bailout in one of the poorer EU countries.

Stocks to watch today include Netflix Inc. (NASDAQ:NFLX), Nokia Corp. (NYSE:NOK), Amazon, Inc. (NASDAQ:AMZN), Human Genome Sciences (NASDAQ:HGSI), Sirius XM Radio Inc. (NASDAQ:SIRI), AT&T Inc. (NYSE:T) and Caterpillar, Inc. (NYSE:CAT)

Netflix, Inc. (NASDAQ:NFLX) is up 18.40% in pre market trading at $112.50. NFLX shares are jumping this morning. Netflix saw profit fall in the fourth quarter by 13%, but beat analysts’ estimates. The company earned $0.73 per share on $876 million in revenue. Estimates were at $0.54 pe share on revenue of $596 million. Netflix lost 2.76 million domestic DVD customers as users move toward the streaming model. The company has a market cap of 4.99 billion.

Nokia Corporation (NYSE:NOK) is up 4.55% today at $5.50 in early trading this morning. NOK announced fourth quarter results just a short time ago. Nokia posted a fourth quarter loss of $1.38 billion with smartphone sales plunging 23%. The company sold well over a million devices in their new Lumia line which investors saw as positive news. NOK trades on average 30.4 million shares a day and has a market cap of 19.55 billion. Check out one of the best swing traders on the street.

Amazon.com, Inc. (NASDAQ:AMZN) is up 0.53% in pre market trading at $188.79. AMZN shares are up more than $10 in the past 10 days. Following Netflix’s stellar fourth quarter, it’s looking more likely that Amazon will offer its own stand alone streaming service. AMZN trades 6.3 million shares a day on average and has a market cap of 85.40 billion.

Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 1.31% in pre market trading at $10.05. HGSI shares are up around $3 on the year so far as investors look forward to see if the company’s lupus drug gets approved later this year. The company has a market cap of 1.97 billion.

Sirius XM Radio Inc. (NASDAQ:SIRI) is up nearly 1% in pre market trading at $2.10. SIRI has maintained its recent gains after reporting a jump in subscribers earlier this year. Shares are up more than $0.20 on the year. SIRI trades 54.9 million shares a day on average and has a market cap of 7.80 billion.

AT&T Inc. (NYSE:T) is down 2.02% in pre market trading at $29.60. T shares are down thi morning after the company posted a fourth quarter net loss of $6.68 billion or $1.12 per share. Revenue rose 3.6% to $32.5 billion. AT&T saw smartphone activations increase nearly 60% from the same quarter last year including 7.6 million iPhone activations. The company has a market cap of 179.02 billion.

Caterpillar, Inc. (NYSE:CAT) is up 2.44% in pre market trading at $111.99. CAT shares are rising after the company released fourth quarter results. EPS came in at $2.32 per share, beating estimates by $0.55 per share. Revenue rose 34.6% year over year to $17.24 billion. CAT trades 7.9 million shares a day on average and has a market cap of 70.51 billion.

After Hours Movers: LSI, URI, NFLX, FTWR, SNDK, ETFC

LSI Corporation (NYSE:LSI) is up 5.93% in after hours trading at $7.50. LSI shares are increasing after the company narrowed their loss in the fourth quarter and had an upbeat outlook. The company has a market cap of 3.99 billion.

United Rentals, Inc. (NYSE:URI) is up 4.98% in after hours at $36.50. URI announced their fourth quarter earnings and provided an outlook for 2012 right after market close today. Adjusted EPS came in at $0.82 per diluted share compared to $0.16 per diluted share in the same quarter last year. Rental revenue jumped 18.5% in the fourth quarter. The company expects an increase in rental rates of 5% in 2012 and net rental capital expenditures of between $770 and $820 million. The company has a market cap of 2.18 billion.

Netflix, Inc. (NASDAQ:NFLX) is up 12.54% in after hours trading at $106.98. NFLX shares are heading higher after the company’s fourth quarter earnings beat Wall Street estimates. Netflix saw revenue increase 47% from the same quarter a year ago. The company added 600 thousand U.S. subscribers in the fourth quarter as users’ outrage from earlier this year dissipates. The company has a market cap of 4.99 billion.

FiberTower Corporation (NASDAQ:FTWR) is down 41.39% in after hours trading at $0.21. FTWR received a Nasdaq delisting notice this afternoon. The company has a market cap of 16.72 million. Check out one of the best swing traders on the street.

SanDisk Corporation (NASDAQ:SNDK) is down 3.92% in after hours at $50.29. SNDK reported a 42% drop in earnings for the fourth quarter. Excluding items, SanDisk earned $1.29 per share, beating estimates of $1.26 a share. The company has a market cap of 12.58 billion.

E Trade Financial Corporation (NASDAQ:ETFC) is down 2.88% in after hours trading at $9.09. ETFC shares are down after the company announced fourth quarter earnings. ETFC reported a fourth quarter loss of $0.02 per share with revenue of $475 million. The company has a market cap of 2.66 billion. Check out one of the best swing traders on the street.

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