Making the list today as measured by your yahoo finance ticker searches are:
Cisco (CSCO): the world's largest networking firm on fire today after reporting fourth quarter guidance that topped analysts estimates. Orders in the U.S. are climbing on demand for networking machines to handle mobile-data traffic, boosting revenue projections. This isn't the first time longtime CEO John Chambers has surprised Wall Street (both to the positive and negative side over the years), and the result has been a wild ride for shareholders. What the company seems to do most consistently is buy its own shares, repurchasing some 1.5 billion since 2004. In that time the stock is only up about 5%, lagging the S&P 500 by a factor of about 8.
Shares of Kohl's (KSS) are getting marked down by more than 3% after the company reported weak results for the first quarter. Kohls earned 60-cents in the quarter on $4.07 billion in revenues. Wall Street was looking for 62-cents and $4.2 billion in revenue. The company blamed the weather for a 3.4% decline in same store sales. No matter what it looks like outside, it seems to always be raining in Kohl's which has also had negative comps in the year ago period, and the 4th quarter of 2013. The company maintained its guidance for the full-year, but the bet here is that there's going to be some sort of meteorolical crisis that prevents Kohl's from hitting those goals.
Last but certainly not least, General Motors (GM). Shares dropping today as the automaker recalls an additional 2.7 million vehicles, including models with faulty brake lights that have led to hundreds of complaints, pushing the total numbers of vehicles recalled in the U.S. in 2014 to an astonishing 11.1 million. GM CEO Mary Barra has been under seige after being installed at the top position earlier this year. Dealers are starting to feel pain at the retail level, and with Washington focusing more on GM's safety snafus, 2014 will likely be a year to forget for the General.
More from Breakout:
- Investment & Company Information