Posts by David Fazekas


    David Fazekas at Hot Stock Minute 2 yrs ago

    Now here's a look at the stocks the Yahoo Finance team will be watching today. Target (TGT) reported earnings for the first time since the massive data breach that compromised tens of millions of customers' personal information. Earnings and revenue both declined from last year, but managed to come in ahead of Wall Street estimates. The number of transactions at Target stores fell 5.5% in the quarter, the worst showing in two years. The company also said profits for the current quarter will be below Wall Street estimates. So far this year, shares of Target had been down more than 10%.

  • GM expands recall; Senate investigates Credit Suisse; Mt. Gox subpoena

    David Fazekas at Hot Stock Minute 2 yrs ago

    General Motors (GM) has more than doubled the number of vehicles it is recalling due to a faulty ignition switch. The company also reported more deaths attributed to the faulty switch. The initial recall on Feb. 13 included two models, the 2005-2007 Chevrolet Cobalt and the 2007 Pontiac G-5. Yesterday, G.M. expanded to more models across several brands including the 2003-2007 Saturn Ion, 2006-2007 Chevrolet HHR, 2006-2007 Pontiac Solstice and the 2006-2007 Saturn Sky. In total, about 1.62 million vehicles are now included in the recall. The company said heavy key rings can move the ignition from "run" to "accessory," which shuts off the engine and disables the front air bags.


    David Fazekas at Hot Stock Minute 2 yrs ago

    Dow component Home Depot ( HD ) reported mixed earnings results this morning. Revenue fell 3% from last year and narrowly missed Wall Street estimates, but per-share profits beat analysts' forecast by $0.02. Signs of recovery in the housing market have helped home-improvement companies like Home Depot outperform other retailers. Home Depot same-store sales rose 4.9% for the quarter. The company raised its dividend 21% and also said revenue for the year will come in slightly below estimates. Tesla's ( TSLA ) meteoric rise continues after hitting a new record high yesterday. The company is expected to announce plans for a new factory that will manufacture what it calls its "gigabattery." This morning, Morgan Stanley raised its price target on Tesla to $320 a share from $153 a share, citing potential outside the electric car space including batteries. Shares of the stock in the past year are up a staggering 530%. BlackBerry's ( BBRY ) big week continues after shares rose more than 6% yesterday. The company today revealed its new Blackberry Z3, its new low-cost smartphone intended for the Southeast Asia market. The phone will retail for less than $200. Ford's ...

  • S&P could be on the verge of a bull run; More job cuts at J.P. Morgan; Mt. Gox disappears

    David Fazekas at Hot Stock Minute 2 yrs ago

    The S&P 500 is trading around a new record close. It fell back below 1850 just before the yesterday’s close. Traders are closely watching that level, believing once it's breached, the S&P could be headed for a fresh bull run to 1900. Another thing investors are watching very closely is the sudden, steep decline in the Chinese currency. The Yuan saw its biggest weekly decline against the dollar in more than two years this week. Yahoo Finance Editor in Chief Aaron Task and Lauren Lyster talk about both of those stories in the associated video. Here are some other headlines we're following.


    David Fazekas at Hot Stock Minute 2 yrs ago

    Netflix ( NFLX ) struck what could be a landmark deal with Comcast ( CMCSA ) to end a months-long standoff over video-streaming delivery and speeds. Netflix agreed to pay Comcast to ensure Netflix content is streamed smoothly. In exchange for the payment, Netflix will have direct access to Comcast's broadband network. The deal comes as debate heats up over who should pay for upgrades to Internet infrastructure. HSBC ( HSBC ) shares were down as much as 5% after the after the bank reported disappointing profits. HSBC said profits rose 9%, but came in below analysts' expectations of $24.5 billion. The company has slashed 40,000 jobs and sold or closed 60 businesses over three years. The cost of those cuts hit revenue. It's been a volatile year for shares of HSBC, but over the last 13 months, the stock is basically flat. BlackBerry ( BBRY ) said it would make its BBM messaging service available to the Windows Phone and Nokia X platforms. The Windows download will be available this summer. The Nokia X platform hasn't yet launched. BlackBerry shares have recovered some ground so far this year, after a rough 2013. Chinese Internet company Sina ( SINA ) is preparing a U.S....

  • Closing bell: PCLN, CHTR, HPQ, GRPN, DISH

    David Fazekas at Hot Stock Minute 2 yrs ago (PCLN) saw shares rise 2.6% after reporting adjusted earnings of $8.85 per share beating estimates of $8.29 while revenue rose 29 percent to $1.54 billion beating estimates of $1.51 billion. Priceline attributed the strong quarter to a boom in bookings for hotel stays, airline tickets and rental cars at the end of the quarter. Their Q1 guidance did fall short of expectations.

    Charter Communications (CHTR) saw shares fall 5% even after beating earnings estimates. The U.S.'s number four cable operator reported earnings of 35 cents a share beating estimates of 24 cents while revenue rose 12 percent to $2.15 billion just missing estimates of $2.16 billion. Charter's rise in profits and revenue can be attributed to the acquisition of Cablevision Systems' Bresnan Broadband as well as growth in its video and internet revenue.

  • Closing bell: FB, BBRY, TSLA, WMT

    David Fazekas at Hot Stock Minute 2 yrs ago

    The world's largest social network, Facebook (FB), had a rough morning but reversed in the second half of the trading session to finish the day up more than 2% after it announced it is buying mobile-messaging startup WhatsApp for $19 billion in cash and stock. WhatsApp has 450 million monthly users, which is more than Twitter's 240 million users -Twitter is valued at $30 billion. The app allows users to send text, pictures and video to anyone with the software for free. Some investors may see this acquisition as a sign of desperation on Facebook's part to try and regain its popularity with young users which it admits is a demographic that has been declining.

    Also reaping the benefits from Facebook buying WhatsApp is BlackBerry (BBRY), whose shares finished the day up more than 3%. The $19 billion acquisition of WhatsApp has investors re-evaluating BlackBerry Messaging, also known as BBM, which still remains popular even though BlackBerry's devices have waned in popularity.