Thursday, May 03, 2012

Stocks in the News Randomosity

After hours today...


  • First Solar ($FSLR) reported an unexpected quarterly loss. Really? Unexpected? Who’s buying that these days? They lost $449.4 million in the first quarter. That's a chunk of change!
  • LinkedIn Corp reported better-than-expected revenue and profit and provided improved guidance for 2012. I think they help companies find and hire employees. Nobody uses it as a social network, do they? Last I checked, shares of LinkedIn were up 9 percent in after-hours trading.
  • Caribou Coffee ($CBOU) was down about 12% on lowered sales outlook and slowing growth in the single serve coffee brewer market. That’s after being down 15% during the regular trading session. It sucks if you’re not Starbucks….
During the day


  • GM shares fell 2.4 percent after the automaker said its first-quarter profit declined, mainly because of weakness in Europe. Blame it on Europe!
  • Prudential ($PRU) was today’s winner of the “worst stock in the SP500” down 10% after yesterday’s earnings report. The company lost nearly a billion dollars due to a $1.5 billion charge relating to currency fluctuations and derivative impacts mostly linked to the Japanese yen’s decline against the US dollar.
  • Allstate ($ALL) was up 4% on a 46% profit rise due to improved operating income and realized capital gains.


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