A number of NASDAQ stocks are front and center this morning. Chief among them: Amazon (AMZN) and Starbucks (SBUX) which are moving in different directions following their quarterly reports. And then there's Facebook, which looks relatively quiet now, but had its best day ever yesterday, gaining 30%. Meanwhile, Zynga is poised for one of its worst days. Hot Stock Minute host Lauren Lyster discusses Amazon, Starbucks, and Samsung with Yahoo! Finance's Jeff Macke in the video above.
Mark Zuckerberg has a status update. The Facebook (FB) founder has just made $3.8 billion. It stems from yesterday's 30% rise in his company's stock price. It was Facebook's best day since the company went public some 14 months ago, and must have brought a smile back to Zuckerberg's face. The leap also brings the stock to its highest share price since that day and gives the company a market cap of more than $83-billion. Recapping the reason, the company blew away estimates with quarterly results and reported that 41% of ad revenues now come from mobile. Our poll question yesterday was whether you thought the stock would surpass its $38 IPO price by year's end. More than half of you think that's extremely likely.
Zynga (ZNGA) gained nearly 7% yesterday on the coattails of Facebook, but has been down more than 17% this morning. The game-maker says is has decided not to pursue a license for online gambling. The announcement came just two weeks after Don Mattrick took over as CEO from founder Mark Pincus. It came along with earnings, which show the company beating estimates. It lost a penny for the quarter when analysts were looking for losses of 4-cents. Revenue also beat. Shares of Zynga topped $14.50 shortly after its IPO in March of last year, but are now under $3.
STOCKS TO WATCH
Activision Blizzard (ATVI) has been up more than 20% in premarket trading. France's Vivendi is selling 85% of its stake in the video-game maker. The price: $8.2-billion. Activision Blizzard is buying the bulk of the shares. Its management team is grabbing up the rest. Shares of Activision Blizzard were already up more than 38% year-to-date before this transaction.
Expedia (EXPE) has taken a fast trip down, trading as much as 24% lower since yesterday's close. Earnings are the reason, with the company posting profits of 64-cents a share excluding items when expectations were for 79-cents. Revenue also missed, but not by nearly as much. Expedia is pointing to increased competition for the shortcomings. It's also blaming poor performance by its discount site Hotwire. Prior to this plummet shares were up just 3% so far this year, although they were up about 42% since this time last year.
SolarWinds (SWI) has been down more than 21% since yesterday's close. The software company actually beat on earnings with 40-cents a share versus estimates of 36-cents. But revenue missed by $1-million dollars at $78-million, and the company had a disappointing outlook. Even prior to this plummet, shares of SolarWinds are down more than 15% this year.
You may have had trouble sleeping last night if you hold shares of Tempur Sealy (TPX). It has been down more than 12% since the closing bell. Here too the drop stems from earnings, which were 36-cents a share on an adjusted basis when estimates were for 40-cents. Without the adjustments the company actually lost 3-cents a share due to weaker sales, lower profit margins and charges from its acquisition of Sealy. Making matters worse, the company lowered its full-year forecast. Up until now, shares of the company were up 28% year-to-date.