NYSE Stocks to Watch in Afternoon Trading: WGO, OSG, USG, ACI, CSX, STP, NOK

The NYSE Bull

Winnebago Indstries, Inc. (NYSE:WGO) is up 15.28% this afternoon at $10.26. WGO has traded 1.4 million shares so far today well above its daily average of 250 thousand shares. Winnebago shares are rallying today despite posting a surprising second quarter loss. WGO reported a loss of $0.03 versus estimates of $0.02 gain. Investors are focusing on news that backlog for the quarter improved on rising consumer confidence. The company has a market cap of 296.14 million.

Overseas Shipholding Group, Inc. (NYSE:OSG) has rallied 10.42% this afternoon at $11.22. Over 2.4 million shares of OSG have been traded so far today. OSG shares have jumped about $3 a share in the past week. The company has a market cap of 341.30 million.

USG Corporation (NYSE:USG) is up 9.15% today at 17.00. USG is up on heavy volume today with 4.2 million shares traded, well above its daily average of 3.1 million shares. USG Corp announced launch of $300 million cash tender offer and consent solicitation for 9.75% senior notes due 2014. USG shares are up more than $3 a share since last Friday. The company has a market cap of 1.79 billion.

Arch Coal, Inc. (NYSE:ACI) is up 8.22% this afternoon at $12.39. ACI has traded 11.6 million shares so far today, well above its daily average of 8 million shares. Arch Coal bounced today as it hit a new 52 week low of $11.25. The company has a market cap of 2.63 billion.

CSX Corporation (NYSE:CSX) is up 7.57% today at $21.73. CSX is up on heavy volume today with 22.1 million shares traded, more than double its daily average. CSX shares are rising today following a note from Deutsche analysts Justin Yagerman. Yagerman believes the recent slump in coal demand and the impact to the top freight railroad companies is overdone. In a note to clients he wrote, “Investors appear to be pricing in a materially worse earnings outlook than we believe is realistic.” The company has a market cap of 22.86 billion.

Suntech Power Holdings Co., Ltd. (NYSE:STP) is up 4.58% today at $3.20. STP has traded 3.2 million shares so far today and trades 3.7 million shares a day on average. The solar industry saw record growth in 2011 as solar companies installed more than double the number of panels they did in 2010. The company has a market cap of 579.99 million.

Nokia Corporation (NYSE:NOK) is up 6.48% today at $5.2650. NOK is trading above average volume today with 47.2 million shares traded. The company usually trades about 31 million shares a day. Nokia shares are rising today after the company confirmed they are building a tablet. The company has a market cap of 19.48 billion.

Sign Up For Our Monthly Newsletter
We keep you in the know of the hottest investment products hitting the market.
About MarcS

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

Speak Your Mind


Real Time Web Analytics