Kohl's Earnings Beat Leads to Thursday Selloff
Kohl's Beats Earnings, Is Rewarded With -14% Seloff. Kohl's (KSS) Q1 earnings beat was swiftly rewarded with a big selloff on Thursday.
Analysts Drive Facebook Share Prices Up. Chatter from analysts about a possible upgrade has driven Facebook (FB) share prices up today. The company posted a decent Q1, and is expanding its advertising options by hosting user-created blogs. Facebook charged nearly 4% in trading today, up 2.93 points to close at $81.37.
The Safe Money Is On Boston Scientific's Continued Growth. Boston Scientific (BSX) has had a good year so far, with over 8% growth and rising dividends. The company just posted an earnings beat for Q1, and did well in trading today. Boston Scientific gained 0.68 points on the day, and closed at $17.91 per share.
Avon Trading Halted On Mysterious Bid. Avon Products (AVP) has been trying to sell off its domestic makeup business for some time now, but today it got an odd offer from a mysterious seller. The offer, which is valued at $8.4 billion was enough to halt trading twice for instability, as share prices soared over 14% at one point. The twist came when Avon reported that they had no offers on the table at the time of the reports, and have had no contact with the alleged buyer. Avon ended the day up 6%, closing at $7.07 per share.
Tech Stretches Rally Into Thursday. Yesterday's tech rally was the only thing that saved the NASDAQ from dropping into the red. With markets rebounding today, the tech trend continued. Xilinx (XLNX) posted big gains on the day, adding almost 3% to its share prices and closing at $44.99. Qorvo (QRVO) did about as well, with a 2.02 point gain that lifted shares to $76.98. Computer Sciences Corp. (CSC) beat them both, with a 4.29% rally that sent stock prices up 2.77 points. CSC closed the trading day at $67.28.
Published on May 14, 2015By Aaron Phillips