Sony surging, El Pollo Loco is unstoppable, Whole Foods getting canned

Whole Foods (WFM): The nation's largest organic grocer reported an earnings beat of 41 cents per share, two cents above estimates, but the stock is sliding 6%. The reason - the company cut its 2014 forecast for the fourth time. Whole Foods is facing increased competition and price wars from all directions, with the likes of Fresh Market, Sprouts Market, and Kroger snatching soccer moms and urban hipsters across the country. Needless to say Co-CEO John Mackey has his hands full with one. The stock is down over 30% in 2014.

El Pollo Loco (LOCO): The chicken shack that everyone associates with Breaking Bad going LOCO again, gaining another 10% today. This stock is the market's last momentum name standing. Shares have now doubled since the IPO. I'm not expert on meth and I don't speak Spanish but as a student of market history I can tell you that these type of moves usually end in tears. Not advice, but it's entirely possible that things could be different this time.

And finally, Sony (SNE). The stock surging over 7% today after reporting a surprise earnings beat. Strong Playstation 4 sales, decent box office for The Amazing Spider Man and some asset sales more than offset weakness in the smartphones business and costs associated with exiting the PC biz. CEO Kaz Hirai, who cut last year's profit forecasts 3 times and apologized last month for forecasting a loss for the year may have finally set the bar low enough in the eyes of analysts. Also helping shares is strong growth in network services; a high margin division that should profit handsomely if Sony hits its PS 4 sales goal of 17 million consoles this year.

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