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Stock of the Day

Freescale Semiconductor (FSL) to be Acquired by NXP in $11.8B Deal

March 2nd, 2015

Shares of Freescale Semiconductor Inc. (FSL) were trading up +3.40 or +9.42 percent to $39.51 per share in Monday’s premarket after news late yesterday that NXP Semiconductors (NXPI) will be taking the company over for $11.8 billion in cash and stock. Freescale Semiconductor stock closed at $36.11, up +0.14 or +0.39 percent in Friday’s regular
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The Gap Inc. (GPS) Stock Up on Positive Earnings, Lower Forecast

February 27th, 2015

Shares of The Gap Inc. (GPS) were trading up +1.23 or +3.05 percent to $41.60 per share in this morning’s premarket. Shares gained this morning and in yesterday’s afterhours trading after the company announced its earnings for its 2014 fourth quarter, which beat analyst estimates. Nevertheless, the company’s full year 2015 guidance was below analyst
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Transocean (RIG) Stock Higher Despite Impairment Charge, Moody’s Downgrade

February 26th, 2015

Shares of Transocean Ltd. (RIG) were trading up +0.71 or +4.43 percent to $16.75 per share in Thursday’s premarket after selling off -1.3 percent in yesterday’s afterhours trading. The company released its fourth quarter and full year 2014 results late yesterday after the market close. In addition to the earnings release, Moody’s announced it had
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SunPower Corporation (SPWR) Rises on Higher Fourth Quarter Earnings

February 25th, 2015

Shares of San Jose, California, based SunPower Corporation (SPWR) were up sharply on Tuesday, rising $5.00 per share, up 17.99%, to close at 32.80 on volume of 12,924,266 shares. The company reported a net profit of $134.7 million for the fourth quarter, beating market expectations. Founded in 1985, SunPower designs, manufactures and supplies solar panels
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Office Depot (ODP) Reports 4Q Earnings, Benefits from Merger with OfficeMax

February 24th, 2015

Shares of Office Depot Inc.(ODP) were up +0.17 or +1.80 percent to $9.61 in Tuesday’s premarket after the company reported its loss had narrowed in the fourth quarter and withdrew its guidance for 2015 due to its tentative merger with Staples Inc. (SPLS). Office Depot stock closed at $9.44, down -0.05 or -0.53 percent in
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Valeant Pharmaceuticals (VRX) to Acquire Salix (SLXP), Reports 4Q, Full Year Results

February 23rd, 2015

Shares of the Valeant Pharmaceuticals International Inc. (VRX) were trading up +16.09 or +9.29 percent to $189.35 per share in Monday’s premarket. The company announced on Sunday that it would be acquiring Salix Pharmaceuticals(SLXP) in a deal worth $14.5 billion. In addition, the Valeant reported its 2014 fourth quarter and full year results early this
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Deere & Co. (DE) Stock Falls on Lower Forecast

February 20th, 2015

Shares of the Deere & Co. (DE) were trading off -1.21 or -1.32 percent to $90.50 per share in Friday’s premarket after the company announced first quarter earnings early this morning. The company reported better than expected earnings, but its outlook for equipment sales was lowered for the rest of the year. Deere & Co.
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Priceline (PCLN) Stock Rockets on 4Q and Full Year Results

February 19th, 2015

Shares of the Priceline Group Inc. (PCLN) were trading up +82.01 or +7.30 percent to $1,205.00 per share in Thursday’s premarket, after announcing better than expected results for its fourth quarter and full year early this morning. Priceline Group Inc. stock closed at $1,122.99 per share, up +2.00 or +0.18 percent in Wednesday’s regular trading
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GoPro Inc. (GPRO) Up on Expiration of IPO Lockup and Favorable Coverage

February 18th, 2015

Shares of San Mateo, California, based GoPro Inc. (GPRO) rose on Tuesday, on the expiration of a lockup tied to the initial public offering of the company. In addition, Northland Capital Markets initiated coverage of the stock on Tuesday with a buy recommendation. GoPro’s stock reacted to the double dose of good news by climbing
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Sotheby’s (BID) Stock Downgraded by Cowen & Co.

February 17th, 2015

Shares of Sotheby’s (BID) were trading down -1.91 or -4.25 percent to $42.98 in Tuesday’s premarket after news early this morning that Cowen & Co. had downgraded the stock. In addition to today’s downgrade news, the company announced on Friday that it would not pay dividends until after finding a new Chief Executive Officer. Sotheby’s
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Shire Plc and Valeant to Potentially Make an Offer for Salix (SLXP) Pharmaceuticals

February 13th, 2015

Shares of the Salix Pharmaceuticals Inc. (SLXP) were trading up +4.82 or +3.23 percent to $154.00 per share in this morning’s premarket. According to sources familiar with the matter, British pharmaceutical company, Shire Plc has initiated steps on making a potential bid for the company and is currently working with advisors. In a related matter,
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WhiteWave Foods (WWAV) Reports Better than Expected Revenue

February 12th, 2015

Shares of the WhiteWave Food Company (WWAV) were up +1.32 or +3.71 percent to $36.86 per share in premarket trading on Thursday after the company announced earnings early this morning. Earnings per share were in line with expectations, but WhiteWave reported higher than anticipated revenue for the company’s fiscal fourth quarter. WhiteWave Foods stock closed
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Martin Marietta Materials Inc. (MLM) On Strong 4th Quarter Results

February 11th, 2015

Shares of Raleigh, North Carolina, based Martin Marietta Materials Inc. rose on Tuesday, against the backdrop of a strong day in stocks across the board. Martin Marietta Materials stock was up sharply, rising 15.17%, or $18.18 per share, to close at $137.24, on volume of 3,942,387 shares. The company reported that its net income from
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Coupons.com (COUP) Stock Hammered on Earnings, Guidance

February 10th, 2015

Shares of Coupons.com Incorporated (COUP) were trading at $9.90 per share, off -4.61 or -31.77 percent in this morning’s premarket after the company announced lower than expected earnings and guidance after the market close yesterday. Coupons.com Inc. stock closed at $14.51 per share, down -0.19 or -1.29 percent in Monday’s regular trading session. Mountain View,
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Motorola Solutions (MSI) Possibly Looking For Buyer

February 9th, 2015

Shares of Motorola Solutions Inc. (MSI) were trading at $67.51 per share, up +2.85 or +4.41 percent in Friday’s premarket after news late last week and early this morning that the company was looking for potential buyers. Motorola Solutions stock closed at $64.66 per share, up +0.66 or +1.03 percent in Friday’s regular trading session.
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LinkedIn (LNKD) Stock Soars on 4Q Earnings Results

February 6th, 2015

Shares of LinkedIn Corp. (LNKD) were trading at $264.00 per share, up +26.03 or +10.94 percent in Friday’s premarket after the company released better than expected fourth quarter earnings after Thursday’s market close. LinkedIn stock closed at $237.97 per share, up +5.94 or +2.56 percent in Thursday’s regular trading session as the Dow climbed 200
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Hospira Inc. (HSP) to be Acquired by Pfizer for $15.2 Billion

February 5th, 2015

Shares of Hospira Inc. (HSP) were trading up +22.88 or +35.31 percent to $87.68 per share in Thursday’s premarket after news broke early this morning that the company would be taken over by Pfizer Inc. (PFE) in a $15.2 billion deal. Hospira stock closed at $64.80 per share, up +1.10 or +1.73 percent in Wednesday’s
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Rent-A-Center, Inc. (RCII) Falls On Lower 4th Quarter Results

February 4th, 2015

Shares of Plano, Texas, based Rent-A-Center, Inc. (RCII), fell sharply on Tuesday, against the backdrop of a strong upturn in stocks overall. Rent-A-Center’s stock fell 13.65%, dropping $4.78 per share, to close at 30.25, on volume of 5,021,443 shares. The company reported that both earnings and revenue for the fourth quarter of 2014 came in
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Office Depot (ODP) in Talks to Merge With Staples

February 3rd, 2015

Shares of Office Depot Inc. (ODP) were up +1.17 or +15.33 percent to $8.80 in Tuesday’s premarket after news that the company was in advanced talks to combine with Staples Inc. (SPLS) While no price has been mentioned and no guarantee that a merger would occur, pressure from an activist investor has made the transaction
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Five Stocks to Watch in February

February 2nd, 2015

After Friday’s -251 point or -1.5 percent decline in the Dow Jones Industrial Average, the bellwether index finished the month of January down -3.7 percent overall at 17,166. Friday also saw the S&P 500 Index decline by -26.26 or -1.3 percent ending the month at 1,994.99, while the tech laden Nasdaq composite index closed down
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