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Hot Stock Minute: BofA Miss, Mattel Higher on Report, British Behemoth Exiting U.S.

Hot Stock Minute

Bank of America (BAC) is just out with its quarterly report. The company missed estimates on earnings. It posted profits of 20-cents a share when consensus was for 22-cents. The company did beat on revenue which was $23,708 billion versus estimates of $23,409 billion.

British behemoth Tesco is closing up shop in the U.S. The supermarket company says it needs to rebuild after seeing profits fall for the first time in two decades. Tesco had hinted last year that it might shutter its stores stateside, which operate under the name "Fresh and Easy." The CEO says it's just too tough to compete with the likes of Wal-Mart(WMT) and Trader Joe's.

JC Penney (JCP) has another Martha Stewart mess on its hands. Now a judge has blocked the embattled retailer from selling certain Stewart products meant for the spring. His ruling reverses a lower court's decision last Friday. But the action is only temporary, while Macy's (M) and Penney's wade through a case to decide who can sell Stewart's wares. Shares of JC Penney were up more than 5.5% yesterday.

There's an encouraging development for anyone who worries about the state of the job market. Bloomberg reports that Richard Williamson has landed a job at Facebook (FB). In case his name doesn't ring a bell, Williamson was the Apple (AAPL) executive behind that company's disastrous map app. Bloomberg says that Williamson has already started his new gig.

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First we have Mattel (MAT) which has reported better-than-expected earnings this morning. Right now the company is up 2.4% in premarket trading. Earnings were 11-cents a share versus expectations of 9-cents. Revenue was just shy of $1-billion dollars. The maker of Barbie says "American Girl" was the standout in its portfolio. "Monster High" dolls are also selling well, as are traditional toys like hot wheels. The stock has been trading near its 52-week high. It's up 26% over the last year, and has more than doubled in the past five years.

Next up is American Express (AXP), which is reporting after the bell. The company is expected to report adjusted earnings of $1.12 per share on revenue of $8.01 billion. That would be an increase from last year when it made $1.07 a share on less revenue. The strength of the company's core business is considered an indicator of how affluent consumers are faring. Keep in mind retail sales were down .4% last month. American Express hit its 52-week high at the start of the month. It's up nearly 12% over the past year.

Also reporting after the bell is eBay (EBAY). The company is expected to post earnings of 62-cents a share. That would be 13% increase. eBay claims to have 100-million active users, but analysts worry the company may be seeing a slowdown in traffic, so the real strength may be coming from its PayPal unit. eBay was up more than 2% yesterday, coming within about a-dollar of its 52-week high.

Finally we look at Intel (INTC). The company missed estimates by a penny when it reported earnings after yesterday's closing bell. Perhaps more importantly, they were down to 40-cents a share from 53-cents a year earlier. But the company says it's seeing growth in ultrabooks and tablets which is offsetting declines in PCs. By the way, also reporting after yesterday's bell was Yahoo (YHOO), which beat on earnings posting 38-cents a share compared to 24-cents last year. But revenue was basically flat at just over $1-billion. Display advertising was down 11%.

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