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SuperValu (SVU) Stock Up Sharply Despite Loss

April 11th, 2012

Shares of supermarket operator SuperValu Inc. (SVU: Charts, News, Offers), rose sharply on Tuesday after the company reported significantly lower fourth quarter earnings. SuperValu stock rose +0.81 or +15.2 percent Tuesday, on heavy volume of 38,452…

America Online (AOL) Sells its Patents to Microsoft (MSFT) for $1.1 Billion

April 10th, 2012

On Monday, shares of America Online (AOL: Charts, News, Offers) surged over 40% after it announced that it was selling 800 patents to Microsoft (MSFT: Charts, News, Offers) for $1.1 billion in cash. The huge infusion of cash increases AOL’s cash per share by $15, a massive boost for a stock that ended last week
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Bed Bath & Beyond (BBBY) Tops Estimates, Shares Surge

April 9th, 2012

Last Thursday, shares of Bed Bath & Beyond (BBBY: Charts, News, Offers) rallied 8.5% into the end of the week after it reported strong fiscal 2011 earnings along with optimistic guidance for 2012. Shares were notably trading at five times normal…

Molson Coors (TAP) Chugs Down StarBev for $3.54 Billion

April 5th, 2012

Denver-based brewer Molson Coors (TAP: Charts, News, Offers) made a surprising contrarian investment this week, spending $3.54 billion to acquire Eastern European brewer StarBev and its nine breweries located across central and eastern Europe. Molso…

AutoNation (AN) Up on Stronger New Auto Sales

April 4th, 2012

Shares of AutoNation Inc. (AN: Charts, News, Offers) rose on Tuesday after the company reported significantly stronger than expected sales of new cares in March. AutoNation stock closed at $34.85 per share, up +0.07 or 0.20%, after having traded as …

Groupon (GRPN) Tests Investors’ Faith After Revising its Earnings Downward

April 3rd, 2012

Last week as not kind to Groupon (GRPN: Charts, News, Offers) shareholders. The group discount site posted a fourth quarter loss of 8 cents per share, or $42.7 million, on revenue of $506.5 million. Although revenue nearly tripled, Groupon still fai…

Research in Motion (RIMM) Loses More Ground – Is the End Near?

April 2nd, 2012

On Friday, Research in Motion (RIMM: Charts, News, Offers) co-founder and former co-CEO Jim Balsillie stepped resigned from the company’s board of directors. Chief technology officer David Yach and chief operating officer Jim Rowan also abruptly lef…

Best Buy (BBY) Downsizes and Focuses on Smaller Mobile Stores

March 30th, 2012

After Best Buy (BBY: Charts, News, Offers) reported a massive fourth quarter loss yesterday, shares slid nearly 10% as investors abandoned the struggling electronics retailer. The company reported a loss of $4.89 per share, or $1.7 billion, a sharp …

Focus Media (FMCN) Regains its Focus

March 29th, 2012

Shares of Focus Media Holding (FMCN: Charts, News, Offers), a Hong Kong-based display advertising company, surged last week after the company soundly beat earnings estimates. For its fourth quarter, Focus Media posted adjusted earnings of 70 cents p…

Lennar Corp. (LEN) Rises to Yearly High on Earnings Results

March 28th, 2012

Shares of Lennar Corp. (LEN: Charts, News, Offers) closed down -1.35 or -3.91 percent to $33.16 per share on Tuesday, after the company reported its fiscal first quarter earnings had declined by -45 percent from its first quarter earnings in 2011. T…