XLE, MS, BMY, PHM, QID – Stocks to watch at Opening Bell
Energy Select Sector SPDR (ETF) (NYSE:XLE) moved up 1.66%, to close at $69.14 and its overall traded volume was 11.37M shares during the last session, against its average volume of 11.09M. XLE shares were trading within the range of $68.36-$69.22 while its opening price was $68.45. The stock has a 52 week low of $48.56 and 52 week high of $69.22. XLE’s market capitalization is $8.95B and it has 129.42M outstanding shares.Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Energy Select Sector of the S&P 500 Index (the Index). Energy companies in the Index primarily develop and produce crude oil and natural gas, and provide drilling and other energy-related services. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index. The Fund’s investment advisor is SSgA Funds Management, Inc.
Morgan Stanley (NYSE:MS) fell -0.32%, to close at $27.96 and its overall traded volume was 11.19M shares during the last session, the stock had average daily volume of 12.17M shares. MS shares were trading within the range of $27.80-$28.47 while its opening price was $28.31. The stock has a 52 week low of $22.40 and 52 week high of $32.46. MS’s market capitalization is $42.30B and it has 1.51B outstanding shares.Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company operates as a global financial services company that provides its products and services to a diversified group of clients and customers, including corporations, governments, financial institutions and individuals. It operates through three business segments: Institutional Securities, Global Wealth Management Group and Asset Management. In May 2010, Invesco Ltd. acquired the Company’s retail asset management business. During the year ended December 31, 2009, it disposed its former real estate subsidiary, Crescent Real Estate Equities Limited Partnership. On May 31, 2009, the Company and Citigroup Inc. (Citi) consummated the combination of the Company’s Global Wealth Management Group and the businesses of Citi’s Smith Barney in the United States, Quilter in the United Kingdom and Smith Barney Australia. The combined businesses operate as Morgan Stanley Smith Barney Holdings LLC.
Bristol Myers Squibb Co. (NYSE:BMY) percentage change fell -0.51%, to close at $25.61 and its overall traded volume was 10.96M shares during the last session, against its average volume of 9.37M. BMY opened at $25.75 and is trading within the range of $25.45-$25.76. The 52-week range of the stock is $22.24 – $28.00. At current market price, the market capitalization of the company stands at $43.84B and it has 1.71B outstanding shares.Bristol-Myers Squibb Company (BMS) is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of pharmaceutical products on a global basis. The Company’s products are sold worldwide, primarily to wholesalers, retail pharmacies, hospitals, government entities and the medical profession. It manufactures products in the United States, Puerto Rico and in eight foreign countries. In September 2009, BMS acquired Medarex, Inc., and in December 2009, it divested the Mead Johnson Nutrition Company. In October 2010, Novo Nordisk A/S completed divestment of ZymoGenetics to the Company.
PulteGroup, Inc. (NYSE:PHM) went up 0.98%, to close at $8.28 and its overall traded volume was 10.84M shares during the last session, the stock had average daily volume of 7.97M shares. PHM opened the day at $8.34, it made an intraday low of $8.22 and an intraday high of $8.53. The stock has a 52 week low of $6.13 and 52 week high of $13.91. PHM’s market capitalization is $3.16B and it has 382.23M outstanding shares.Pulte Homes, Inc. (Pulte Homes) is a holding company whose subsidiaries engage in the homebuilding and financial services businesses. The Company’s direct subsidiaries include Pulte Diversified Companies, Inc., Del Webb Corporation (Del Webb), Centex Corporation (Centex) and other subsidiaries engaged in the homebuilding business. The Company also has mortgage banking operations, conducted through Pulte Mortgage LLC (Pulte Mortgage), and title operations. Homebuilding, the Company’s core business, is engaged in the acquisition and development of land primarily for residential purposes within the continental United States and the construction of housing on such land targeted for first-time, first and second move-up, and active adult home buyers. It also has one reportable segment for its financial services operations, which consists principally of mortgage banking and title operations. On August 18, 2009, the Company completed the acquisition of Centex.
ProShares UltraShort QQQ (ETF) (NYSE:QID) fell -0.36%, to close at $10.92 and its overall traded volume was 10.80M shares during the last session, the stock had average daily volume of 9.60M shares. QID opened the day at $10.87, it made an intraday low of $10.85 and an intraday high of $11.01. The stock has a 52 week low of $4.96 and 52 week high of $22.15. At current market price, the market capitalization of the company stands at $651.11M and it has 59.62M outstanding shares.ProShares UltraShort QQQ (the Fund), formerly UltraShort QQQ ProShares, seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. To be eligible for inclusion companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements. The Index is calculated under a modified capitalization-weighted methodology. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as -200% of the daily return of the index. The Index is a price return index. The Fund’s investment advisor is ProShare Advisors LLC.





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