Stocks Crossing 50-Day SMA 10/16: (NOK) (HAL) (STT) Above; (BRO) (VIP) (OMC) Below

October 16, 2012 2:25 PM EDT
Crossing and above:
  • Nokia Corporation (NYSE: NOK) - up 5.2 percent. Shares moving higher as chatter surrounding Microsoft's (Nasdaq: MSFT) Windows 8 heats up and it could be possible that most of the bad news surrounding the Company's upcoming third-quarter report is already priced in. Results are expected out next week.

  • Halliburton (NYSE: HAL) - up 2.0 percent. Credit Suisse started coverage at Outperform earlier. Shares are also above the $34.25 resistance level, which has been seen over the last several trading sessions.

  • State Street Corp. (NYSE: STT) - up 4.8 percent. Reported Q3 EPS of $0.99 this morning, which was 3 cents better than the analyst estimate of $0.96.

  • AVG Technologies (NYSE: AVG) - up 8.3 percent. Entered a security partnership with Facebook (Nasdaq: FB).
Crossing and below:
  • Brown & Brown, Inc. (NYSE: BRO) - down 3.3 percent. Reported Q3 EPS of 34 cents, missing views by 1 cent. Revs were light at $303.8 million.

  • VimpelCom Ltd. (NYSE: VIP) - down 2.3 percent. Lower as MegaFon is slated to commence its IPO. VimpelCom owns a 50 percent stake in the Russian telecom. Sharesare also getting below the $11 support level today.

  • Omnicom Group, Inc. (NYSE: OMC) - down 2.9 percent. Earlier today, reported Q3 EPS of $0.74, versus the consensus of $0.73. Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.41 billion.

    Shares also moving well below $51.50 support.

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Nokia Q3
G on 2012-10-16 18:22:36
Mark as Spam | Reply to this comment

" Results are expected out next week." Not next week, October 18.

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