Gainers:
Tractor Supply Co. (TSCO) is gaining over 5 percent to $76.95. The company reported that its net sales for the fourth quarter has increased 20.1 percent. Same-store sales increased 7.6 percent, compared to a 13.1 percent increase in the prior-year period. The company also raised annual earnings per share forecast.
ING Groep N.V. (ING) is gaining over 6 percent to $8.22. The company announced that it is exploring other options for its Asian Insurance and Investment Management businesses, given the uncertain economic outlook and turbulent financial markets, especially in Europe. Since November 2010, the company has been preparing its Insurance and Investment Management businesses for the base case of two IPOs, one for the US business and one for the European and Asian businesses.
Dick's Sporting Goods, Inc. (DKS) is rising over 5 percent to $38.50. The company has authorized a share repurchase program of up to $200 million of common stock over the next 12 months. The company lowered the high end of its fourth quarter and full year 2011 earnings forecast, with warmer- and drier-than-normal winter impacting its same store sales and inventory levels.
China GrenTech (GRRF) is rising 12 percent to $2.80. The company announced that it has entered into a definitive agreement with Talenthome Management and Xing Sheng Corporation Limited for "going private" transaction.
JA Solar Holdings, Co., Ltd. (JASO) is gaining 6 percent to $2.06.
Decliners:
Chevron Corp. (CVX) is falling nearly 2 percent to $105.87. The company stated that it expects earnings for the fourth quarter 2011 to be significantly below on a sequential basis. The company said it expects fourth quarter lower margins and refinery input volumes, and the absence of an asset sale gain to reduce downstream earnings significantly compared to third quarter results.
Infosys Ltd. (INFY) is falling more than 9 percent to $51.48 as the Indian software services firm lowered its forecast for full-year. The company said growth of the IT industry could be impacted by the global economy, driven by slower growth in developed markets coupled with the European crisis. Both earnings and revenues for the third quarter increased from the year-ago quarter.
Sears Holdings Corp. (SHLD) is falling 10 percent to $29.65 amidst reports that CIT Group Inc. has reportedly said it would no longer finance loans to suppliers awaiting payment from the company.
Wynn Resorts, Ltd. (WYNN) is falling over 4 percent to $107.25.
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