Posts by David Fazekas

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

    Hot Stock Minute1 mth 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.

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  • Closing bell: FB, BBRY, TSLA, WMT

    Hot Stock Minute1 mth 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.

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