Hot Stock Minute
  • The number of weekly jobless claims has taken an unexpected drop. The Labor Department says there were just 324,000 new claims last week. That's down from 339,000 last week and handily beats the consensus which was for 345,000. Tomorrow is the government's monthly jobs report. Tune in live at 8:30 Eastern for a special expanded show.

    GM (GM) has blown-out estimates with earnings, which it released in just the past hour. The biggest of the American automakers posted 67-cents a share, well ahead of estimates for 54-cents. It also beat on revenues. Cigna (CI) also beat big-time this morning. The insurer says profit rose 39% in the quarter to $1.72 a share. Revenue also beat by more than $1/2 billion. Beazer Homes (BZH), on the other hand missed terribly. It lost 78-cents a share when estimates were for 70-cents. Revenue also missed.

    Facebook (FB) shares have been moving about 1.5% higher in reaction to the company's earnings report which was released yesterday afternoon. Earnings missed

    Read More »from ECB Cuts Rates; Jobless Claims Plummet; Facebook Brings Smiles
  • Shares of Yelp (YELP) have been surging 9% in reaction to its earnings report. Yelp impressed investors even though it lost 8-cents a share; consensus was for minus 6-cents. Key here were better-than-expected revenues. They rose 68% from a year ago. Yelp is also improving its outlook for the year citing success with display ads on mobile phones-- something it seems to have in common with Facebook. Shares are now up more than 35% since the start of the year.

    Next is Energizer (ENR), the parent company of Schick razors and related products. The stock has been trading lower despite beating estimates with its earnings, posting $1.35 a share on $1.1 billion in revenue. The problem here: the company claims its sales are hurting because rival Proctor and Gamble (PG) has been bombarding customers with promotions on its Gilette products. By the Church and Dwight (CHD), the maker of Arm and Hammer says PG has been pulling similar stunts in the laundry aisle. But Church and Dwight is out with

    Read More »from Yelp Misses Yet Soars; Nicks to Schick; AMD Advances
  • Sell in May and Go Away! Is it good advice or not? Yahoo! Finance's "Hot Stock Minute" host Lauren Lyster talks with Yahoo! Finance Senior Columnist Mike Santoli who just wrote an article on the concept. The two also talk about the Federal reserve Bank's latest guidance on the future of its bond buying efforts at quantitative easing as well as the European Central Bank's decision to cut interest rates.

  • Stocks ended the day 1% lower across the board pressured by the Fed, weak economic data, and some earnings misses. The Federal Reserve announced it will stay the course with its $85 billion monthly asset purchase program. In the latest FOMC statement released this afternoon, the Fed stressed that it is flexible and willing to reduce or increase the pace of asset purchases as economic conditions warrant.

    Meanwhile, the ADP Payroll report for April showed just 119,000 new private sector jobs for the month. Estimates were for about 155,000 new jobs. A separate report on growth in manufacturing from the Institute of Supply Management showed activity slowing in March and falling below estimates. A third report from the Commerce Department showed construction spending down 1.7% in March, when predictions were for a gain of 0.7%.

    Merck (MRK) shares fell nearly 3% following what appears to be the pattern for the quarter with its earnings report. The pharmaceutical giant beat on earnings though

    Read More »from Stocks Retreat From Highs, Fed Stays Flexible

Pagination

(186 Stories)

About 'Hot Stock Minute'

Live from the NASDAQ MarketSite in Times Square, our video series "Hot Stock Minute" prepares you for the trading day with a look at what’s moving ahead of the opening bell. Looking to buy? Thinking of selling? Want to be sure you're happy with your holdings? Join Lauren Lyster as she sorts through the top business headlines and explains their impact on the markets. "Hot Stock Minute" begins at 8:30 a.m. ET weekdays.
 
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MARKET MOVERS

  • Most Actives
    Most Actives
    SymbolPriceChange% Chg
    28.49291.06+3.87%
    FB
    3.300.08+2.48%
    AMD
    12.140.00+0.00%
    BAC
    20.000.50+2.59%
    VOYA
    19.198-0.57-2.89%
    VXX
  • % Gainers
    % Gainers
    SymbolPriceChange% Chg
    5.831.85+46.48%
    IFT
    6.391.34+26.53%
    BBW
    31.876.57+25.97%
    YELP
    8.211.66+25.34%
    STAA
    4.700.72+18.09%
    NETE
  • % Losers
    % Losers
    SymbolPriceChange% Chg
    8.71-8.29-48.76%
    INSY
    1.7001-0.70-29.16%
    KONE
    17.50-3.69-17.41%
    KELYB
    30.72-6.00-16.34%
    UGAZ
    9.99-1.85-15.63%
    SMA

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