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Stock of the Day

Tesla (TSLA) Stock Pummeled After Earnings

May 8th, 2014

Shares of Tesla Motors Inc. (TSLA) was off -16.31 or -8.10 percent to 185.04 in pre-market trading on Thursday, after the company announced first quarter earnings late yesterday. Tesla announced a profit of +$17 million, versus $48.9 million in 2013â s fourth quarter. Tesla stock closed down -5.93 or -2.86 percent to $201.35 in Wednesdayâ
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Office Depot (ODP) Rises Sharply on Better Than Expected First Quarter

May 7th, 2014

Shares of Boca Raton, Florida, based Office Depot, Inc. (ODP) rose on Tuesday, against the backdrop of a sharp sell-off on Wall Street overall. Office Depot was up 15.83%, rising 66 cents per share, to close at $4.83, on volume of 61,326,276 shares. The company announced better than expected first quarter results, as well as
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Merck & Co. (MRK) Sells Unit to Bayer for $14.2 Billion

May 6th, 2014

Shares of Merck & Company (MRK) were trading up +0.37 or +0.63 percent to $59.00 per share in pre-market trading, after the company announced earlier this morning that it would sell its consumer care unit to German pharmaceutical giant, Bayer AG for $14.2 billion. Merck stock closed at $58.63 per share, up +0.41 or +0.70
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B/E Aerospace (BEAV) Considers Sale

May 5th, 2014

Shares of B/E Aerospace Inc. (BEAV) were trading up + 7.86 or +8.84 percent to $96.82 per share in pre-market trading on Monday, after the company announced Sunday it was considering strategic alternatives, which included a possible sale of the company, a merger or the spin off of the company, or of a selected subsidiary.
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LinkedIn (LNKD) Stock Lower After Posting Loss

May 2nd, 2014

Shares of LinkedIn Corp. (LNKD) were trading at $160.00 per share, down -1.22 or -0.76 percent in early pre-market trading Friday, after the company announced its first quarter 2014 earnings right after the close of trading on Thursday. LinkedIn stock was down to $154.20 per share, or -4.4 percent lower in after-hours trading Thursday after
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Five Stocks to Watch in May

May 1st, 2014

The U.S. stock market continued its relentless rally in April, with the Dow Jones Industrial Average closing at a new all-time high of 16,580.84 and the S&P hitting a new high of 1897.28 on April 2nd. The market sold off mid-month in part due to geopolitical tensions in the Ukraine, as well as concerns of
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Zillow (Z) Up As Chase Coleman Buys Stake

April 30th, 2014

Shares of Seattle, Washington-based Zillow Inc. (Z) rose on Tuesday, on a rising day on Wall Street overall. Zillow’s stock closed up $12.79 per share, or 14.05%, to $103.84 per share, on volume of 3,231,611 shares. Tiger Global Management hedge fund founder, Chase Coleman, has taken a 9.5% stake in the company, as of last
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Nokia (NOK) Stock Higher After Naming Rajeev Suri CEO

April 29th, 2014

Shares of Nokia Corp. (NOK) were up +0.54 or +7.68 percent to $7.57 per share in pre-market trading this morning, after the company announced it was naming Rajeev Suri to be Nokiaâ s new chief executive officer. Suri replaces Stephen Elop, who returned to Microsoft (MSFT) after Nokia sold its handset division to Microsoft last
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Charter Communications (CHTR) Agrees on Divestures with Comcast

April 28th, 2014

Shares of Charter Communications Inc. (CHTR) closed at $130.01 per share, down -0.48 or -0.37 percent on Friday. The company just announced a deal with Comcast Corporation (CMCSA) that will increase the companyâ s subscriber base. The deal, worth $22 billion, will have Comcast divest approximately 3.9 million video customers to Charter. Stamford, Connecticut based
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Zimmer Holdings (ZMH) Stock Up on Biomet Takeover

April 25th, 2014

Shares of Zimmer Holdings Inc. (ZMH) closed up +10.52 or +11.50 percent to $101.97 per share in active trading on Thursday, after news that the company would be acquiring Biomet Inc., â

Apple (AAPL) Reports Stellar Earnings, 7 for 1 Stock Split and Share Buyback Increase

April 24th, 2014

Shares of Apple Inc. (AAPL) were trading up +39.64 or +7.55 percent to $564.39 per share in pre-market trading this morning, after the company announced better than expected earnings yesterday. In addition to the earnings release, Apple announced a 7 for 1 stock split and that the company was increasing its share buyback program. Apple
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Lexmark (LXK) Falls Sharply on Lower Profits and Revenue

April 23rd, 2014

Shares of Lexington, Kentucky, based Lexmark International Inc. (LXK) fell sharply against the backdrop of a strong performance in computer hardware stocks, and an up day on Wall Street overall. Lexmark was down 11.23%, or $5.25 per share, to close at $41.52, on volume of 6,033,120 shares. The company announced that its first quarter profits
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Allergan (AGN) Targeted By Valeant and Pershing Capital

April 22nd, 2014

Shares of Allergan Inc. (AGN) were up +28.33 or +19.95 percent to $170.33 per share in pre-market trading this morning, after news late yesterday of a potential takeover bid from Valeant Pharmaceuticals International Inc. (VRX) and Bill Ackmanâ s Pershing Square Capital Management LP. Allergan stock closed at $142.00 per share, up +8.08 or +6.03
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Pfizer (PFE) in Talks to Acquire AstraZeneca

April 21st, 2014

Shares of Pfizer Inc. (PFE) closed up +0.16 or +0.53 percent to $30.25 per share on Friday. According to the UK Sunday Times, Pfizer had talks for a 60 billion pound offer ($100.7 billion) for its British rival AstraZeneca Plc. (AZN). According to the newspaper, their information came from industry sources and senior investment bankers
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Chipotle Mexican Grill (CMG) Stock Pummeled After Earnings Miss

April 18th, 2014

Shares of Chipotle Mexican Grill Inc. (CMG) closed down -32.79 or -5.94 percent to $519.61 per share in active trading on Thursday, after the company announced first quarter earnings that came in below analyst expectations. The stock initially traded sharply higher after the earnings release, rising as much as +8.6 percent in pre-market trading on
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IBM (IBM) Stock Off on Lower Hardware Sales

April 17th, 2014

Shares of International Business Machines Corp. (IBM) were trading down -7.20 or -3.67 percent to $189.20 per share in pre-market trading on Thursday, after the company reported earnings following the market close on Wednesday. Earnings were in line with expectations; however hardware revenue sank 23 percent in the quarter. IBM stock closed at $196.40 per
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Twitter (TWTR) Up on Acquisition of Longtime Partner

April 16th, 2014

Shares of San Francisco based Twitter, Inc. (TWTR) rose on Tuesday on a strong day on the stock exchanges overall. Twitter stock closed at $45.52, up $4.65 per share, or 11.38%, on volume of 24,285,070 shares. The company announced the acquisition of Gnip in a move that not only is expected to provide revenue growth
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Google (GOOG) Acquires Drone Maker Titan Aerospace

April 15th, 2014

Shares of Google Inc. (GOOG) were up +2.48 or +0.47 percent to $535.00 per share in pre-market trading on Tuesday, after the company announced yesterday the acquisition of drone and satellite maker Titan Aerospace. The terms of the deal were not disclosed. Google stock closed at $532.52 per share, up +1.92 or +0.36 percent in
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Facebook (FB) to Launch Financial Services

April 14th, 2014

Shares of Facebook Inc. (FB) were up +0.73 or +1.25 percent in pre-market trading on Monday, after the company announced over the weekend that it would seek approval from Irish regulatory authorities to provide financial services to its customers. The social network is looking to offer remittances and electronic money initially. Facebook stock closed at
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H&R Block (HRB) to Sell Banking Division

April 11th, 2014

Shares of H&R Block Inc. (HRB), were trading up +1.89 or +6.65 percent to $30.31 per share in pre-market trading early Friday, after the company announced late yesterday that it would be selling its banking unit to BofI Federal Bank. The sale of the unit will take H&R Block off the Federal Reserve radar as
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