Stocks are trading mixed this morning as investors continue to worry about Greece and whether or not an actual deal will get done. The market was higher briefly after China renewed its commitment to investing in EU debt. Right now the Dow is down 40 points, while the Nasdaq and S&P 500 are up 8 points and 1 point.
Dean Foods Company (NYSE:DF) is up 12.70% this morning at $12.25. DF has traded 3.1 million shares so far today, close to double its daily average volume. Dean Foods stock is rallying today after posting better than expected quarterly results. Fourth quarter EPS came in at $0.27, beating estimates of $0.23. Dean Foods is estimating fiscal year 2012 adjusted EPS of $0.87-$0.95. Analyst estimates are around $0.89. The company has a market cap of 2.26 billion.
iPass Inc. (NASDAQ:IPAS) is up 11.50% today at $1.9401. IPAS has traded 908 thousand shares this morning, well above its average volume of 74 thousand shares. iPass announced this morning that China Telecom has partnered with them to deliver wi-fi roaming exchange services. The company has a market cap of 119.77 million.
Abercrombie & Fitch Company (NYSE:ANF) is up 12.47% in early trading at $50.17. ANF is up on heavy volume today with 4.7 million shares traded, more than a million shares more than its daily average. ANF shares are jumping on fourth quarter results. ANF is up today despite plunging profits. Abercombie & Fitch earned $19.6 million in the fourth quarter, down from $92.6 million in the previous year’s quarter. The company has a market cap of 4.25 billion.
Wellcare Health Plans, Inc. (NYSE:WCG) is up 11.20% this morning at $70.05. WCG has traded 1 million shares so far today, about double its average volume. Wellcare posted fourth quarter results this morning. The company earned $85.1 million, or $1.96 per share. Analysts were expecting earnings of $1.19 per share. Wellcare’s 2012 outlook also beat estimates. The company has a market cap of 2.98 billion.
Climarex Energy Co (NYSE:XEC) is up 10.57% this morning at $76.04. XEC has traded 1.6 million shares in early trading. Climarex shares are climbing today following fourth quarter results. Fourth quarter EPS was $1.36, beating estimates of $1.30. Revenue rose 6% to $417.5 million. The company has a market cap of 6.51 billion.
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) is up 11.29% in early trading at $12.22. ALNY has traded 1.7 million shares today, more than 5 times its average volume. Alnylam announced yesterday a public offering of 7.5 million shares at $10.75. The company has a market cap of 512.40 million.
Juniper Networks, Inc. (NYSE:JNPR) is up 7.40% today at $24.24. JNPR has traded 6.3 million shares this morning and trades 9.9 million shares a day on average. Juniper shares are up today after Jefferies says the company could benefit as AT&T increases spending. The company has a market cap of 12.72 billion.
About Kyle Pinder
