Join        Login             Stock Quote
Top News :  

U.S. Stocks Dip As JP Morgan Weighs; Hot Stocks: JPM, NVDA, NFLX, MWW, JWN, DDS, MDR
By: iStockAnalyst   Friday, May 11, 2012 6:45 PM
subscriptions dropped and the online video company decided to split its DVD mail rental and streaming business. According to a regulatory filing with the U.S. Securities and Exchange Commission, Hoag's Technology Crossover Ventures bought the shares of the online video company on May 8 and 9 at prices between $71.20 and $74.39.

Monster Worldwide Inc. (NYSE:MWW) spiked 19.1 percent. Citing anonymous sources, Reuters reported that LinkedIn (NYSE: LNKD), private equity firm Silver Lake Partners and others have expressed interest in buying the online job-search company.

Nordstrom Inc. (NYSE:JWN) declined 4.80 percent after the fashion specialty retailer's quarterly earnings fell short of market expectations and the company kept its full year forecast. Earnings per share (EPS) increased to $0.70 from $0.65, yet trailed consensus estimate of 75 cents for the first quarter. For the full year, the company still expects EPS in the range of $3.30 to $3.45, below consensus estimate of $3.48.

Dillard's Inc. (NYSE:DDS) surged 6.41 percent after first-quarter earnings exceeded Wall Street projections. The apparel, cosmetics and home furnishing retailer earned $1.89 per share for the quarter, topping expectations of $1.67.

McDermott International (NYSE:MDR) jumped 14.96 percent after the designer offshore oil and gas projects posted earnings that topped market expectations. MDR's first quarter EPS of 26 cents beat consensus estimate of 15 cents.

Global Markets:

The European markets closed on a mixed note. Germany's DAX added 0.95 percent to finish at 6,579.93. France's CAC40 edged 0.01 percent lower to close at 3,129.77. U.K.'s FTSE 100 rose 0.57 percent to end at 5,575.52.

Asian markets ended in red. The Shanghai Composite Index declined 0.62 percent to end at $2,395.40. Hong Kong's Hang Seng fell 1.30 percent to close at 19,964.63. Japan's Nikkei 225 shed 0.63 percent to close at 8,953.31. India's BSE Sensex finished at 16,292.98, down 0.77 percent.

Commodity & Currency Scan:

Crude oil futures lost 1.29 percent to $95.83 per barrel, while natural gas futures added 0.68 percent to $2.504 per million metric British thermal units. Gold futures declined 0.99 percent to $1,579.7 per ounce, and silver fell 1.19 percent to $28.83 per ounce.
In the currency market, the euro dipped 0.12 percent against the U.S. dollar to $1.2921. The British pound shed 0.46 percent against the greenback to 1.6071, and the dollar edged 0.03 percent lower against the Japanese yen to 79.9200.

<< Previous Page  1
Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:


Related Press Releases
Popular Articles
Recent Articles by iStockAnalyst

Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 800 contributors and press releases, SEC filings and full text news from thousands of sources.

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.