Stocks in Focus (AA, AMD, LEN, SVU, APOL, SYK, INTC, NVDA)
The companies which are expected to see active trade on Tuesday are Alcoa, Advanced Micro Devices, Lennar Corp, Supervalu, Apollo Group, Stryker, Intel and Nvidia.
Alcoa Inc. (NYSE:AA) shares declined 1.70 percent to $16.21 in aftermarket trading session. The company posted better-than-expected fourth quarter net income of $0.21 per share, but sales of $5.65 billion missed $5.71 billion analysts estimated.
Advanced Micro Devices, Inc. (NYSE:AMD) shares declined 4.35 percent to $8.79 in post market trading on the news that the company's President and CEO Dirk Meyer had resigned and that Thomas Seifert has been named Interim CEO.
Lennar Corp (NYSE:LEN) shares advanced 2.70 percent to $19.41 in post market trading session. The company is expected to report fourth quarter net income of $0.02 per share before the markets open on Tuesday.
Supervalu Inc. (NYSE:SVU) shares advanced 0.12 percent in afterhours trading session on Monday. The company is expected to post third quarter net income of $ 0.31 per share compared to $ 0.46 per share in the same quarter a year ago.
Apollo Group Inc. (NASDAQ:APOL) shares advanced 5.98 percent to $38.09 in post market trading session, following better-than-expected first earnings. It’s earnings per share rose to $1.61 from $1.54 and revenue increased to $1.33 billion from $1.26 billion in the same quarter last year.
Stryker Corp. (NYSE:SYK) advanced 3.18 percent to $56.44 in aftermarket trading hours. The company forecasts adjusted earnings in 2011 of as much as $3.73 per share against analysts’ estimation of $3.65 per share.
Shares of Intel (NASDAQ:INTC) and Nvidia Corp. (NASDAQ:NVDA) will be on focus as both the companies have signed a cross-licensing agreement and resolved outstanding pending disputes between them. Under the deal, Intel will pay Nvidia $1.5 billion over the next five years.
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