Here are your trending tickers for Thursday, May 1st:
DirecTV (DTV) shares up more than 6% on reports of a possible $40 billion bid from AT&T. The Wall Street Journal says the nation's largest sattellite TV provider was open to the idea, and why wouldn't they be? DTV has been struggling to grow without a high-speed internet offering. From AT&T's side they would get 20 million satellite subscribers and a chance to keep up with Comcast when it comes to negotiating power with networks and content owners.
Exxon Mobil (XOM) shares are slipping lower after the company beat earnings estimates but came in light on the top line. Exxon earned $2.10 per share on $106.8 billion in revenue. The Street had been looking for $2.05 and $119 billion. Though synonymous with 'Big Oil', Exxon is more or less willing to place its bets on whatever type of energy you want. The stock trades at a PE of 14 and pays a 2.5% yield. No one actually trades it off earnings and Exxon will most likely be around long enough to see our decomposed bodies turned into crude.
On a more chipper note, Yelp (YELP) is moving smartly higher after beating earnings last night. After making this list to the downside yesterday Yelp has ripped nearly 20% and put the fear of God into shorts. It's a much needed win for Yelp loyalists who endured a more than 40% drop over 5 weeks. Yelp said mobile traffic to its review site rose sharply and raised full-year guidance. Piper Jaffray is giving the rally a little goose with an upgrade to outperform from neutral.
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