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Stock of the Day

Groupon (GRPN) Off on Earnings, Weaker Forecast

February 21st, 2014

Shares of Groupon Inc. (GRPN) were off -1.38 or -13.42 percent to $8.90 per share in premarket trading on Friday, after the company’s fourth quarter earnings came in better than expected, but forecast weaker earnings for their 2014 fiscal year. Groupon stock closed at $10.28, up +0.26 or +2.58 percent in Thursday’s regular trading session.
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Tesla (TSLA) Stock Soars on Earnings, Outlook

February 20th, 2014

Shares of Tesla Motors Inc. (TSLA) were trading up +19.66 or +10.15 percent to $213.30 per share in pre-market trading on Thursday, after the company announced fourth quarter earnings late yesterday. Tesla closed at $193.64 per share, down -10.06 or -4.94 percent in Wednesday’s regular trading session. Adding to the better than expected earnings results,
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Coca-Cola (KO) Falls on Lower than Expected Revenues

February 19th, 2014

Shares of Atlanta, GA, based Coca-Cola Company (KO) declined on Tuesday, falling $1.46, or 3.75%, to $37.47, on volume of 46,195,701 shares, on a mixed day on Wall Street. The company reported adjusted earnings of 46 cents per share, in line with advanced estimates. But revenue came in at $11.04 billion, below preliminary estimates. The
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Forest Labs (FRX) to be Taken Over by Actavis for 25B

February 18th, 2014

Shares of Forest Laboratories Inc. (FRX) were up +25.24 or +35.36 percent to $96.63 per share in pre-market trading on Tuesday, after news that Actavis Plc (ACT) had agreed to purchase the company for $25 billion. Forest Laboratories stock closed at $71.39, up +1.05 or +1.49 percent in Friday’s regular trading session, giving the company
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GNC (GNC) Misses on Earnings, Revenue, Shares Off 14 Percent

February 17th, 2014

Shares of GNC Holdings (GNC) closed down -7.64 or -14.64 percent to $44.72 per share on Friday, after the company announced fourth quarter earnings after Thursday’s close. The company reported adjusted earnings of $60.6 million, or $0.63 per share, versus $49.8 million, or $0.50 for the same quarter one year ago. Fourth quarter revenue came
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Weight Watchers (WTW) Stock Pummeled After Earnings

February 14th, 2014

Shares of Weight Watchers International Inc. (WTW) were trading down -5.83 or -19.06 percent to $24.75 per share in pre-market trading on Friday, after the company reported earnings following the market close on Thursday. Weight Watchers stock had closed at $30.58, up +0.90 or +3.03 percent in Thursday’s regular trading session. Fourth quarter earnings missed
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Time Warner Cable (TWC) to be Acquired by Comcast in 45B Deal

February 13th, 2014

Shares of Time Warner Cable (TWC) were up +20.19 or +14.92 percent to $155.50 per share in pre-market trading early on Thursday, after news that Comcast (CMCSA) would be taking the company over in a deal worth over $45 billion. Time Warner Cable closed at $135.31 per share, up +0.41 or +0.30 percent in Wednesday’s
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Sprint (S) Up on Improved 4th Quarter Results

February 12th, 2014

Shares of Overland Park, Kansas, based Sprint Corporation (S) closed higher on Tuesday, up 21 cents per share, or 2.73%, to close at $7.90, on volume of 44,210,253 shares. The company reported that its fourth-quarter net loss was lower than what had been forecast by advanced estimates. The company’s total revenue increased, and the number
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Rackspace Hosting (RAX) Stock Declines After Earnings, CEO Retires

February 11th, 2014

Shares of Rackspace Hosting Inc. (RAX) were off -4.56 or -11.30 percent in pre-market trading on Tuesday after the company announced fourth quarter earnings after the close on Monday. Rackspace stock closed at $40.36, up +0.85 or +2.15 percent in Monday’s regular trading session. The company reported earnings of $0.14 per share in line with
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Athenahealth (ATHN) Stock Soars on Earnings

February 10th, 2014

Shares of Athenahealth Inc. (ATHN) closed up +34.85 or +25.06 percent to $173.93 per share on Friday, after the company announced better than expected fourth quarter earnings. The company also announced that its customer base of physicians had increased +28 percent in the quarter. Athenahealth reported net income had risen to $13.1 million or $0.34
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LinkedIn (LNKD) Stock Plunges on 2014 Guidance

February 7th, 2014

Shares of LinkedIn Corp. (LNKD) were trading at $207.79 off -15.66 or -7.01 percent in pre-market trading this morning, after the company announced fourth quarter and 2013 full year results after the market close yesterday afternoon. LinkedIn stock closed at $223.45, up +9.09 or +4.24 percent in Thursday’s regular trading session. LinkedIn reported solid fourth
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Five Stocks to Watch in February

February 6th, 2014

2014 started out with a bang, as the S&P 500 Index reached a new all-time high of 1850.84 on January 15th. While the Dow, which made its all-time high in December, was still trading at 16,500 in early January, since then, the market has sold off sharply, with the S&P 500 Index losing over -100
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J.C. Penney (JCP) Slides on Good News, Bad Reviews

February 5th, 2014

Shares of Plano, Texas, based J.C. Penney Co. Inc. (JCP) fell $.60 to $5.08 per share, a decline of 10.56% on volume of nearly 112 million shares. Despite reporting a 2% increase in same store sales for the fourth quarter of 2013 – the first such increase since the second quarter of 2011 – industry
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Yum! Brands (YUM) Profit Beats Estimates

February 4th, 2014

Shares of Yum! Brands Inc. (YUM) were trading up +2.78 or +4.20 percent to $68.94 per share in afterhours trading on Monday, after the company released fourth quarter earnings for its 2013 fiscal year. Yum reported a -4.7% decline in profits due to a onetime charge but revenue edged up. Yum! Brands stock closed at
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Jos. A. Bank (JOSB) Rejects Men’s Wearhouse Bid, In Talks with Eddie Bauer

February 3rd, 2014

Shares of Jos. A. Bank Clothiers Inc. (JOSB) were down -2.60 or -4.67 percent to $53.11 per share in pre-market trading on Monday after the company announced on Sunday it was rejecting the latest bid from The Men’s Wearhouse Inc. (MW). Citing the offer “undervalues” the company, in a letter written by Jos. A. Bank’s
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Chipotle (CMG) Stock Soars on Better than Expected Earnings

January 31st, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) were trading up +62.04 points or +12.56 percent to $556.00 per share in pre-market trading this morning, after the company released impressive fourth quarter earnings. The company reported better than expected sales at established restaurants and an almost 30 percent increase in earnings. Chipotle stock closed at $493.96,
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Medivation (MDVN) Cancer Drug Shows Promise

January 30th, 2014

Shares of Medivation Inc. (MDVN) closed up +8.51 or +11.23 percent on Wednesday to $84.29 per share, after news that the company’s prostate cancer therapy had positive results in a Phase III PREVAIL study of men that had not yet begun chemotherapy treatment. The company is currently in collaboration with Japanese pharmaceutical company Astellas Pharma
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D.R. Horton (DHI) Up on Strong Demand and Higher House Prices

January 29th, 2014

Shares of Fort Worth, Texas-based D.R. Horton Inc. (DHI) rose on Tuesday, after reporting that the company has been charging more for the homes that it builds, and that sales are increasing as the company moves into what is traditionally the busiest time of the year for home sales. The stock price was up $2.06,
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Southwest Air (LUV) to Offer International Flights

January 28th, 2014

Shares of Southwest Airlines Co. (LUV) closed down -0.23 or -1.10 percent on Monday, after the company announced during the day that the airline will begin servicing international customers beginning on July 1st. Southwest will begin its first international nonstop flights to Jamaica, Aruba and the Bahamas. In addition, Imperial Capital early this morning upgraded
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Google (GOOG) to Buy DeepMind, Signs Licensing Deal with Samsung

January 27th, 2014

Shares of Google Inc. (GOOG) closed down -36.27 or -3.13 percent to $1,123.83 per share on Friday as the rest of the market sold off sharply. This morning, Google stock is up +2.01 or +0.18 percent to $1,125.84 per share in pre-market trading after news that the company will be taking over privately held Information
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