Breakout

Carnival sinking, Groupon surging, Walgreens misses

Breakout

Time for your daily dose of Trending Tickers, the stocks that you're tracking as measured by Yahoo Finance ticker searches. Making the list today are:

Carnival Cruise Lines (CCL) sinking by two and a half percent after the company issued an earnings warning for the third quarter. The perpetually troubled ship operator said it expects to earn $1.38 and $1.44 per share, well short of analyst expectations of $1.51. For the quarter just ended Carnival actually beat estimates by earning a dime per share versus estimates of two cents. Carnival also guided higher for the full year. Putting the pieces of this rather schizophrenic report together, Wall Street seems to have come to the conclusion that the crew of the SS Minnow had a better grip on operations than Carnival.

Groupon (GRPN) shares are up 9%. It's the second day of a rally that got started on Monday when Piper Jaffray's Gene Munster noted that the number of deals being offered via the Groupon website have been rising relative to its somewhat "spam-ish" email format. Not coincidentally Groupon shares are up 16% since Priceline (PCLN) made a bid for OpenTable as traders place bets on which company might be next to get swooped up in this M&A friendly environment.

Walgreens (WAG) is dropping two percent after the company missed earnings estimates. The company said it earned $0.91 a share excluding certain items, about three cents shy of what Wall Street expected. Walgreen also spooked analysts by withdrawing guidance regarding its stake in Alliance Boots. Walgreen purchased a 45% stake in Europe's largest pharmacy chain in 2012 and has the option to buy the rest next year. Analysts say Walgreens could save billions by doing a so-called "inversion" and moving its official HQ to Europe to tax advantage of lower tax rates.

Those are your trending tickers today -- tell us what stocks you're watching on Twitter using the hashtag #TrendingTickers

More from Breakout:
Our connected world: Big data, big profits and no privacy
Bull markets don’t die of old age, why Dow 44,000 is coming
Here is what's really behind Starbucks' price hike

 

Rates

View Comments (5)