Tuesday, March 8, 2011

LargeCap Stocks to Watch Today

LargeCap Stocks to Watch TodayBroadsoft, the Gaithersburg, Md.-based maker of networking software, was surging 18.9% in premarket trading Tuesday after it reported strong earnings and revenue growth for its fiscal fourth quarter.

Shares of Philadelphia-based specialty retailer Urban Outfitters were falling 13.9% in premarket trading Tuesday after reporting fourth-quarter earnings that fell short of Wall Street's expectations.

San Francisco-based biotech company Exelixis was falling 5.2% after saying that it is looking to replenish its coffers with a share offering that will increase its outstanding stock by at least 11%.

Sportswear company Dick's Sporting Goods was rising 1.9% after reporting fourth-quarter earnings of 76 cents a share, beating Wall Street's estimate by 4 cents a share.

Drug company Pharmasset was rising 1.4% on a BMO report that said the company's hepatitis C treatment appeared to be successful in more than 90% of patients tested.

U.S. lender Bank of America was rising 1.5% ahead of its first analyst meeting since February 2007 on Tuesday.

Wireless technology firm Qualcomm was lower by 1.4% in premarket trading Tuesday after announcing that it has raised its quarterly dividend by 13% to 21.5 cents a share.

Fast-food chain McDonald's was falling 0.6% after reporting global comparable sales growth of 3.9% in February.

Aerospace giant Boeing was rising 0.8% after announcing that it has won a $10 billion order from two airlines in China.

Starbucks was up 0.3% after a company executive said that the coffee company will begin offering instant coffee packets in China, making it not only a coffee chain in the country, but also a consumer packaged-goods company there, the Wall Street Journal reported.

Oil giants ConocoPhillips, Exxon Mobil and BP were down 0.1%, 0.3%, 0.9% as they halted trading with embattled Libya.

Nuts, popcorn and chips company Diamond Foods is expected to report second-quarter earnings of 89 cents a share after the markets close Tuesday.

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