5 Stocks Moving the Markets Today: CS, FRAN, WMT, CSGS, LOGM

PUBLISHED: 27 Mar 2013 @ 16:05 | Comments (0) | More info about Ed Liston

Credit Suisse Group AG (NYSE:CS): The company stock is currently trading at $26.21, down 1.47 percent from its previous close of $26.60. Credit Suisse Group announced the purchase of EMEA Wealth management unit from Morgan Stanley. The unit manages $13 billion worth of assets.

The newly acquired unit will be merged with existing Private Banking & Wealth Management division. Both the companies expect the transaction to be completed by the end of this year. Credit Suisse Group stock had opened at $26.10 and has traded in the range of $26.06 and $26.25 in the current trading session. It has traded 193k shares as of now. The company’s dividend yield stands at 3 percent. Credit Suisse Group commands market capitalization of $33.94 billion and its Price Earnings ratio is 27.13. Credit Suisse Group is currently restructuring its investment banking division to cut costs and boost margins.

Francesca’s Holdings Corporation (NASDAQ:FRAN): The company announced the issue of its secondary offering. The offering involves 7.4 million shares. Francesca’s Holdings reported that the offering consists of shares being provided by selling shareholders. The company also announced its fourth quarter earnings. Its net income for the quarter stood at 33 cents per share. It reported its fourth quarter net sales at $86.7 million. Francesca’s Holdings also improved its gross margin to 53.4 percent, up 92 basis points. The company stock is trading 4.51 percent lower, at $28.79. The company has traded 1.488 million shares in the current trading sessions so far and its stock has traded in the range of $20.93 and $37.09 in the past 52 weeks. The company stock’s beta is 2.677, while its P/E ratio stands at 27.39. It had reported its latest Earnings per Share at $1.05. Francesca’s Holdings commands market capitalization stands at $1.32 billion.

Wal-Mart Stores Inc. (NYSE:WMT): The company is currently dealing with various corruption and bribery cases overseas. Wal-Mart Stores also warned that these probes may lead to losses. The company is co-operating with various foreign governments including Mexican authorities. It is also conducting internal independent investigation. The stock is trading at $74.38, 0.52 percent lower than its previous close. It has traded in the range of $74.24 and $74.43 in the current trading session. It has traded 850k shares so far, in comparison to its daily average trading volume of 8.45 million shares. The stock has traded in the range of $57.18 and $77.60 in the past 52 weeks. The company stock trades at Price Earnings ratio of 4.81 and its beta is at 0.34. Wal-Mart Stores did not provide the extent of losses caused by these probes. According to a SEC filing made by the company, it has incurred costs above $157 million.

CSG Systems International Inc. (NASDAQ:CSGS): The company recast its FY 2013 forecast and it expects its adjusted earnings to be in the range of $2.05 and $2.15 per share, down from its previously stated earnings in the range of $2.23 and $2.33 per share. Its new forecast for revenue is in the range of $740 million and $760 million. CSG Systems International earlier expected its revenue to remain in the range of $755 million and $775 million. Its stock traded in the range of $19.11 and $20.10 in the current trading session and at this point is at $20.10, down 0.79 percent. The stock’s highest price point of 52 weeks stands at $23.33 while its lowest price point is at $13.85. CSG Systems International stock is trading at Price Earnings ratio of 13.09 and its beta is 0.93. The company commands the market capitalization of $628.23 million.

LogMeIn Inc. (NASDAQ:LOGM): The company recently received a favorable verdict in a patent dispute. The verdict found LogMeIn not guilty of patent infringement. Another company 01 Communique had accused the company of infringing on its patents. However, the stock is giving up its gains post verdict. It is currently trading at $18.86, down 11.29 percent. It is trading in the range of $18.81 and $20.23 in the current trading session. The stock is lower than its 20 days moving average price of $19.10 and 50 days moving average price of $19.11. In the past 52 weeks, the stock’s price range has been $16.12 and $38.00. The stock’s beta is 0.41 and its Price Earnings ratio is 134.44. LogMeIn commands market capitalization of $469.98 million.

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