Category: Large Cap Growth Stocks

Major Movers on July 11; PSMT, DHI, APOL, AMD, RMTI

Shares of PriceSmart Inc. (NASDAQ: PSMT) fell about 3.30% by afternoon trade. The warehouse club operator late on Wednesday said that fiscal third quarter net income rose 18%, aided by higher sales; nevertheless, adjusted earnings fell short of analysts’ estimation. Amid macroeconomic uncertainty, more and more U.S. consumers have been buying goods of daily needs at discounted prices at PriceSmart, which is reflected by consistent double digit quarterly revenue growth in last three years.

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Costco Same-Store Sales Rose More Than Expected in June (COST)

Costco Wholesale Corporation’s (NASDAQ: COST) same-store sales rose more-than-expected in June. The discount retailer said that sales for the five week period ended July 7 rose 6% (after including the impact of rise in fuel prices and foreign exchange fluctuations).  The Wall Street’s analysts had a consensus forecast for 5.4% growth in same-store-sales, according to a data compiled by Thomson Reuters.

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HLC Extends University of Phoenix’s Accreditation (APOL)

For profit education provider, Apollo Group Inc. (NASDAQ: APOL) said in its SEC filing on Wednesday that the Higher Learning Commission (HLC) has reaffirmed accreditation of the University of Phoenix until 2022-2023; however, the university has been placed under “Notice” status for two years.

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Major Movers on July 10; NBR, PCYC, NUS, HELE, FDO

Shares of Nabors Industries Ltd. (NYSE: NBR) plunged about 5.50% by afternoon trade.Late on Tuesday, the drilling contractor said that fiscal second quarter operating earnings will miss analysts’ expectation, citing weak performance in its rig, completion and production services businesses.

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Family Dollar’s Q3 Earnings Beat Estimate (FDO)

Discount retailer, Family Dollar Stores Inc. (NYSE: FDO) said on Wednesday that its fiscal third-quarter net income slipped 3% as lower gross margin offset higher same-store-sales. However, adjusted earnings edged past expectation while revenue was in-line with Street’s estimate.

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Major Movers on July 9; SIRI, ISRG, WDFC, BKS, KR, HTSI

Shares of the satellite radio company, Sirius XM Radio Inc. (NASDAQ: SIRI) gained 2.90 by mid-day trade on Tuesday. The Company said that it added 715,000 new subscribers in the fiscal second quarter, raising its total base in excess of 25 million.

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Major Movers on July 8; LINE, TRQ, SNTS, UNH, FB

Shares of Linn Energy LLC (NASDAQ: LINE) rallied about 12% by mid-day trade. Bank of America Merrill Lynch upgraded the oil and gas firm’s rating to “buy” from “neutral”, citing company’s attractive valuation and said that cash flows are sustainable.

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Facebook Rolls Out “Graph Search” in the U.S. (FB)

Social networking giant, Facebook Inc. (NASDAQ: FB) is all set to roll out its much talked about, search feature—the graph search, from Monday. Facebook, which launched its beta version about 6 months ago, said that the new feature will be available to all users in the U.S.

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