This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: Molycorp, Dillard's

NEW YORK ( TheStreet) -- Rare-earth products producer Molycorp (MCP) reported third-quarter profit of 67 cents a share, missing the average analyst estimate of 70 cents a share. Shares were tumbling 6.9% to $36.04.

Apparel and home furnishing retail company Dillard's (DDS - Get Report) reported third-quarter earnings of 48 cents a share, beating the average analyst estimate of 32 cents a share. Gross margin was flat compared with last year.

Shares were falling 4.6% to $52.61.

Dow component Walt Disney (DIS - Get Report) topped Wall Street expectations for its fiscal fourth-quarter results, thanks to strong top-line growth in its media networks and parks and resorts divisions. The Burbank, Calif.-based company reported earnings of $1.09 billion, or 58 cents a share, for the three months ended Oct. 1 on revenue of $10.43 billion, up 7% year-over-year. Excluding charges related to restructuring and impairment, Disney earned 59 cents a share in the latest quarter.

The average estimate of analysts polled by Thomson Reuters was for earnings of 54 cents a share in the latest quarter on revenue of $10.36 billion.

Shares were gaining 4.5% to $36.20.

Nvidia (NVDA - Get Report), the graphics chip maker, reported third-quarter earnings of $178.3 million, or 29 cents a share, on revenue of $1.07 billion, beating Wall Street's consensus earnings view by 3 cents. Shares were gaining 4.4% to $15.10.

E*Trade Financial (ETFC - Get Report) has put an end to speculation that its strategic review would yield a company sale.

Rejecting pressure from its largest shareholder Citadel to sell itself to an online broker competitor such as TD Ameritrade (AMTD) or Charles Schwab (SCHW), E*Trade chief executive and interim chairman Steven Freiberg said, "Following this review by our Board, the management team will continue to execute on our strategy designed to create value for both our stockholders and our customers."

Shares were tumbling 4.2% to $9.08.

China Petroleum & Chemical (SNP - Get Report) or Sinopec, has agreed to pay Portuguese oil company Galp Energia $3.54 billion for a 30% stake in its deep-sea oil asset in Brazil.

China Petroleum & Chemical was adding 2.2% to $106.48.

Homebuilding company D.R. Horton (DHI - Get Report) posted fourth-quarter earnings of 11 cents a share. Analysts, on average, were expecting earnings of 14 cents a share. Shares were falling 1% to $11.54.

Oil major Exxon (XOM - Get Report) has made the controversial move of becoming the first major oil company to enter Kurdistan, a semi-autonomous region of Iraq, after signing exploration contracts with the Kurdistan Regional Government. Shares were edging up 0.9% to $79.39.

A Siberian court has rejected a pair of lawsuits involving claims of 496 billion rubles ($16 billion) against British oil giant BP (BP - Get Report) by a minority shareholder in OAO TNK- BP Holding, Russia's third-biggest oil producer, Bloomberg reported.

Shares were up 0.2% to $43.19

U.S solar company SunPower ( SPWRA) is laying off 85 employees, or 2% of its workforce, as it restructures during a difficult period for solar companies.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

Related links:

Copyright 2011 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MCP $0.36 0.00%
BP $31.57 0.48%
DDS $67.10 -2.80%
DIS $104.94 1.20%
DHI $29.60 -0.59%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs