Hot Stock Minute

HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise

HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise

Now watching

Next video starts in : 7 Play

HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise

HOT STOCKS: Twitter surges on bullish price target; Shell shocks with earnings warning; Morgan Stanley and GE revenues rise
Replay video
Up next

The Fed flirts with an interest rate hike

The Fed flirts with an interest rate hike Up next

The Fed flirts with an interest rate hike

Twitter (TWTR) was on a tear in early trading up as much as 5% in the pre-market after Stifel initiated coverage with a "Buy" rating and a bullish price target of $75 a share. The stock closed yesterday at $60 a share. There was a fresh round of earning news.

Royal Dutch Shell (RDS.A), Europe's largest oil company, issued its first profit warning since 2004 blaming higher exploration costs for the miss. Shell said it expects to post fourth quarter earnings of $2.2 billion, down from $7.3 billion a year earlier. This warning comes two weeks before Shell's scheduled earnings report. Another big energy name fared better in the fourth quarter.

Schlumberger (SLB), the world's largest oilfield services company, posted earnings of $1.35 per share, beating estimates of $1.32. Revenue rose 7% to $11.91 billion, though that missed estimates of $11.99 billion.

Morgan Stanley (MS) rounded out bank earnings for the week, reporting $0.50 per share, excluding one-time items and beating estimates of $0.45. The bank reported pre-tax legal expenses of $1.2 billion for the quarter. Revenue came in at $8.2 billion, which beat estimates of $8.01 billion, up from last year's $7.48 billion.

Traditional bellwether, General Electric (GE) reported profits today of $0.53 per share, which was right in line with analysts’ estimates and up 20% from the same time last year. Revenue rose 3% to $40.4 billion, beating estimates of $40.22 billion.

View Comments (4)

Recommended for You

  • Play

    Treasure hunter who found a fortune in gold is captured

    COLUMBUS, Ohio (AP) — A treasure hunter accused of cheating his investors out of their share of one of the richest hauls in U.S. history — $50 million in gold bars and coins from a 19th-century shipwreck — was captured at an upscale Florida hotel after more than two years on the lam.

    Associated Press
  • Comcast Renames Man 'Asshole Brown' After He Tries to Cancel Cable

    Comcast probably doesn't relish being one of those companies that many Americans love to hate. Consider the case of Ricardo Brown. The disagreement happened when Brown's wife Lisa tried to cancel her cable. She got referred to one of the company's dreaded "retention specialists," who apparently…

  • ANALYST: China's 'Long-Awaited Day Of Reckoning' Is Almost Here

    All the devils have come together for the...

    Business Insider
  • 5 Ways Saving Money Changes Your Life

    Working with a financial advisor might also become a better deal when you have more assets to invest. A financial advisor who is paid via a percentage of assets under management might be willing to provide lower fees to clients with more assets.

    U.S.News & World Report
  • Cramer: I've never seen anything like this

    In more than 30 years around Wall Street, "Mad Money" host Jim Cramer has seen a lot, but not this.

    CNBC Videos
  • Chevron & ExxonMobil: Time For Plan B?

    Citigroup's Alastair Syme and team worry that big-oil companies like Chevron (CVX), ExxonMobil (XOM), and ConocoPhillips (COP) might betting too much on a return to higher oil prices. They explain: Until now the industry’s Plan A to restoring profitability has been to rely on a return to higher oil…
  • Owners of Ohio mansion gutted by fire sue insurer for $60M

    CINCINNATI (AP) — The owners of a $4 million suburban mansion that burned to the ground last year are suing their insurance company for almost $60 million, saying it didn't honor their claims.

    Associated Press
  • Why You Should Think Twice Before Choosing a Roth IRA or Roth 401(k)

    Sure, Roth plans let your savings grow tax free. But if you're nearing retirement, a traditional pre-tax account may be the best choice.

  • World Wrestling Entertainment Can’t Pin Down Subscribers

    World Wrestling Entertainment Inc. (NYSE: WWE) announced on Tuesday that the company’s digital network had signed up its one-millionth subscriber, a target the company has long said it needed to reach ...

    24/7 Wall St.
  • Chinese company limits US drone use after White House crash

    A Chinese drone maker which created the small quadcopter that recently crashed on White House grounds said Wednesday it is updating its drones to prohibit flight over the US capital. The Shenzhen-based company DJI announced a software update for its "Phantom" series drone that will stop flight over…

  • Ford recalls 221K cars

    FBN’s Liz MacDonald on the models affected by Ford’s safety recall.

    Fox Business Videos
  • Nintendo’s Outlook Disappoints as Mario Can’t Save Wii U

    Nintendo Co. (7974) ’s cut to forecasts for profit and sales show even new titles with Mario can’t make consumers choose its Wii U console over other gaming options. While the sliding Japanese yen enabled Nintendo to increase its expected net income, all three projections are below analyst…

  • Play

    Icahn: Short squeeze is driving Apple stock higher

    Activist investor Carl Icahn weighed in on Apple after the tech giant reported a monster quarter that easily beat Wall Street expectations.

  • Tiger fight: China and Alibaba face off over fake goods

    BEIJING (AP) — There's a tiger fight going on in China.

    Associated Press
  • UMC Q4 Beat On 28nm; TSMC's Client Qualcomm Loses Samsung Business

    United Microelectronics Corp. (2303.TW/UMC), or UMC, which competes with TSMC (2330.TW/TSM) on the lower-end 28nm node, reported better-than-expected fourth-quarter earnings. Yield improvement at UMC is attracting new customers, according to Bernstein Research's Mark Li and David Dai: We believe…
  • Investors Upping Their Anti-Herbalife Bets

    Hedge-fund manager Bill Ackman has made the largest and loudest bet against Herbalife Ltd., but it appears that more investors have been quietly lining up bets against the nutritional supplement maker's ...

    The Wall Street Journal
  • This expert has a solution for Nintendo

    Nintendo should expand into the realms of animation and cartoons with its famed game characters like Mario the plumber, says Amir Anvarzadeh, Director of Japan Equity Sales at BGC Securities.

    CNBC Videos