Most of the market is looking weaker this morning with the exception of the Nasdaq, which is being propped up by Apple. Apple released its earnings yesterday and blew away Wall Street estimates. The Dow and S&P are both negative as the overall market falls on poor home sales news. Pending home sales fell more than expected in December, with a 3.5% drop. Analysts were expecting a 1% drop. As always, Europe continues to be one of the contributing causes to any market pull back as the debt crisis in that region continues. The Dow is currently down 81 points, the Nasdaq is up 6 points and the S&P 500 is down 4 points.
US Airways Group, Inc. (NYSE:LCC) is up 15.44% today at $7.41. LCC shares are rallying after US Airways earnings beat Wall Street’s expectations. Excluding charges, US Airways earned $0.13 per share in the fourth quarter, well above analysts’ estimates of $0.02 per share. Revenue jumped 9% to $3.16 billion. The company would have earned even more if not for soaring fuel prices. LCC has traded 8.6 million shares so far today, 2 million shares more than its daily average. The company has a market cap of 1.19 billion. Check out one of the best swing traders on the street.
Textron Inc. (NYSE:TXT) is up 14.39% this morning at $24.72. TXT has traded 7.7 million shares so far today, close to double its daily average. Textron posted a fourth quarter loss today, but shares rose on the company’s outlook. The company expects 2012 profit from continuing operations to be between $1.80 and $2 per share. Analysts had estimated around $1.66 per share. The company has a market cap of 6.90 billion.
CA Inc. (NASDAQ:CA) is up 9.96% in early trading at $25.10. CA has traded 8.5 million shares so far today, about triple its daily average volume. CA shares are climbing after reporting its fiscal third quarter results. The company also announced it will increase its annual dividend five times to $1. Earnings rose 32% in the fiscal third quarter. The company has a market cap of 12.37 billion.
Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 5.81% today at $9.66. HGSI has traded 5.7 million shares so far this morning and trades 6.6 million shares a day on average. HGSI shares are up more than $2 a share since the start of the new year. The company has a market cap of 1.94 billion.
Affymetrix, Inc. (NASDAQ:AFFX) is up 4.84% this morning at $4.99. AFFX has traded 1.4 million shares today, 50% more volume than it trades on average. AFFX shares are seeing a slight boost today following the Roche deal to buy Illumina. The company has a market cap of 357.30 million. Check out one of the best swing traders on the street.
Delta Air Lines Inc. (NYSE:DAL) is up 8.26% today at $10.15. DAL has traded 13.1 million shares so far today, 2 million shares more than its daily average. DAL shares are up after the company saw a 44% jump in profits. Revenue was up 11% at $35.1 billion with EPS of $1.01. The company has a market cap of 8.51 billion.