What Major Funds are Buying and Selling Now
After a solid first quarter that saw all three benchmark indexes rise sharply, equity markets continued their excellent run in the first month of the second quarter. All three indexes finished higher in April. Continue reading What Major Funds are Buying and Selling Now …
Shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) soared about 25% by afternoon trade after the coffee maker, late last evening, announced that it has extended its partnership with the world’s biggest coffee-store chain, Starbucks Corp (NASDAQ: SBUX). Under the latest agreement, Green Mountain would triple its supplies of KEURIG Brewers line of products to Starbucks.
Continue reading Major Movers on May 9; GMCR, ATVI, GRPN, RAX, TSLA, RAX, BKS
Shares of Barnes & Noble (NYSE: BKS) soared on Thursday after TechCrunch reported that Microsoft Corp. (NASDAQ: MSFT) has considered offering the bookseller $1 billion to acquire its e-reader (tablet) business.
Continue reading Microsoft Shows Interest in Buying Nook’s E-Reader Business (BKS, MSFT)
Shares of Fannie Mae (OTC: FNMA), the mortgage giant, are climbing in trading today. At last check, FNMA shares were trading 3.60% higher at $0.933 on above average volume of 42.80 million. The stock hit an intra-day high of $1 earlier today. FNMA shares have gained more than 13.20% in the last three trading sessions.
Continue reading Micro-Caps in Focus; Fannie Mae (FNMA), iTalk Inc. (TALK), Nuvilex Inc. (NVLX)
Daily-deals site Groupon Inc. (NASDAQ: GRPN) handed better-than-expected fiscal first quarter revenue late last evening and provided upbeat guidance on the current quarter, fanning hopes that the beleaguered company has seen its worst, sending shares soaring 11% in extended-trading hours.
Continue reading Groupon Trims Q1 Losses, Provides Upbeat Guidance (GRPN)
Shares of AOL Inc. (NYSE: AOL) slumped about 8.60% by afternoon trade. Although the web services company reported 23% jump in fiscal first quarter net income, driven by higher revenue from advertising, adjusted earnings fell short of Street’s estimate.
Continue reading Major Movers on May 8; AOL, WEN, EA, SYMC, Z
Shares of Freddie Mac (OTC: FMCC), a government-sponsored enterprise providing liquidity and stability to the secondary mortgage market, are climbing in trading today. At last check, FMCC shares were trading 13.22% higher at $0.926 on above average volume of 19.85 million. The stock hit an intra-day high of $0.96 earlier today.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) said on Wednesday that fiscal first quarter net income soared 17%, thanks to double digit revenue growth which was boosted by improved performance across all segments and markets.
Continue reading Cognizant Q1 Results Top Estimates, Q2 Guidance Upbeat (CTSH)
Whole Foods Market Inc. (NASDAQ: WFM) reported on Tuesday that its fiscal second-quarter net income jumped 20% as the up-market grocery chain witnessed robust revenue growth while margin also remained healthy. The Company provided upbeat guidance on full-year and announced two-for-one stock split.
Continue reading Whole Foods Market Q2 Earnings Beat Estimate (WFM)
Shares of First Solar Inc. (NASDAQ: FSLR) fell about 9.25% by afternoon trade. Although the solar panel maker, late last evening, reported that it swung into fiscal first quarter profit and handed revenue which edged past Street’s consensus estimate, investors were disappointed as adjusted earnings fell short of expectation. However, the Company maintained its full-year earnings and revenue guidance which exceeded analysts’ consensus estimate.
Continue reading Major Movers on May 7; FSLR, FOSL, MELI, RKUS, ARUN, SNTS, EOG, DTV