Dallas 9/17/2010 11:22:33 PM
News / Business

US Stocks at New Year High (ORCL, Qwest, PM, KFT)

US Stocks

Oracle Corporation (NASDAQ:ORCL) soared 5.95% to $26.87 after it created its new 52-week high of $27.09. After the closing bell, Oracle Corporation has posted net income of $1.35 billion, 22% increase year over year.  Revenue increased 48% to $7.5 billion. Analysts expected revenue of $7.3 billion as surveyed by FactSet Research.

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The Company has announced that its Board of Directors has declared a cash dividend of $0.05 per share. The payment date of the dividend is November 3, 2010.

Qwest Communications International Inc. (NYSE:Q) added 2.23% to $6.20 after 10.33 million shares of trade. So far this year, the stock has added over 46%. Today, the stock created its new 52-week high of $6.20. Today, Goldman Sachs upgraded Qwest Communications International to Buy from Neutral.

The median Wall Street price target on the stock is $6 and the high target is set at $7 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $5.72 and $5.36 respectively.

Philip Morris International Inc. (NYSE:PM) gained 0.29% to $55.27 after 3.21 million shares of trade. The stock moved in an intraday range of $2-$55.90. The stock today made its new 52-week high of $55.90.

The company has Price/Sales ratio of 3.76 and Price/Book ratio of 24.88. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $52.56 and $49.70 respectively. In the past one month of trading sessions, the stock went up more than 5%.

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Kraft Foods Inc. (NYSE:KFT) slid 0.03% to $31.39 after 3.79 million shares of trade. So far this year, the stock added over 14%. The stock has a 52-week range of $25.72-$31.60. Today, the stock made its new 52-week high of $31.60.

Kraft Foods Inc. manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products.

The stock today opened at $31.51 and is trading within the range of $31.25-$31.60.

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