Priceline Gains Nearly 100 Points Despite Market Losses
The markets were mixed again today, continuing yesterday's trend of small market losses in the Dow and S&P, while the more tech-heavy NASDAQ made gains. The Dow closed the day down -44.08 at 17,985.77, while the S&P 500 lost -.2.23 to close at 2,097.45. The NASDAQ rose 18.34 points and closed the trading day at 4,924.70. In overseas markets, London's FTSE continued to stay flat, losing just over 9 points in order to close at 6,888.90. Japan's Nikkei, France's CAC, and Germany's DAX were all up slightly.Electronics Manufacturer Asitronics Sees Huge Growth. Asitronics (ATRO) had an excellent day, gaining over 11 points and nearly 20% in value.
Priceline, Expedia, and TripAdvisor Make Gains. Online travel agencies have had a mixed year. Orbitz (OWW) has been on a losing streak lately, but is still up 40% YTD. But Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) have been making slower gains. That might have begun to turn around today, as Priceline added 95.06 points to close at 1,218.05, TripAdvisor put on 3.08 and closed at 88.66, and Expedia grew by 2.14 points to end trading at 91.30 per share. Priceline (PCLN) lead the entire S&P 500 in growth today.
Mattel is Another Victim of the Strong Dollar. Export-heavy companies always have a tough time of things when the US Dollar strengthens relative to other currencies. Today, it was Mattel (MAT) that felt the pain, dropping -0.89 points on news of lower than expected Q4 earnings. The toymaker ended trading at 25.81 points per share.
Ascent Is Making Solar Tech Work for Shareholders. The sun was shining on Ascent Solar Technologies (ASTI) today, as the company released a preliminary revenue report for 2014 that indicated stronger than expected growth over the past year. Ascent added 0.77 points, or 62.10% in value, and closed the day at 2.01 per share.
Six Flags Shares Up Despite Q4 Earnings Miss. This past quarter has been a rollercoaster ride for Six Flags (SIX). With profits forecast to fall because of a sluggish consumer economy, the theme park got an unexpected piece of good news when it was reported today that they did better than expected in Q4. While profits still aren't growing, at least the blooding is starting to come to a stop. Six Flags (SIX) gained 1.29 points and closed at 47.60 per share.
T-Bills Continue to Climb as Commodities Falter. The price of gold and oil both fell today, closing at $1,206.70 per troy ounce and $51.16 per barrel respectively, while the yield on a 10-year treasury note continued its rise to 2.11%. The British Pound tumbled -0.52% against the US Dollar today, at least partially because of the UK's stalled stocks and low consumer confidence.