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Barclays Tumbles; Herbalife Climbs; Loeb Lifting CF; Facebook Finds Friends

Dan Berman
Hot Stock Minute
Barclays Tumbles; Herbalife Climbs; Loeb Lifting CF; Facebook Finds Friends

Barclays (BCS) is down nearly 8%. The British bank behemoth has announced plans to issue nearly $9-billion in new stock. The move is meant to get regulators off the bank's back who have been complaining of a capital shortfall. Barclays also released its quarterly report this morning, saying it lost money for the period.

Herbalife (HLF) has been up nearly 8% in early trading. Here's why: quarterly earnings released after yesterday's closing bell beat estimates. Profits were $1.41 a share when expectations were for $1.18. Revenue also topped the consensus at $1.22-billion. The supplement maker is also upping its outlook, calling for growth in the current quarter of at least 16.5% when analysts were calling for 13%. The full year outlook is also above prior estimates. Even prior to the rise we're seeing this morning, shares have been up 88% this year making Carl Icahn a considerably richer man. His foe, Bill Ackman, who has shorted the stock, not so much.

CF Industries (CF) is making moves on reports that activist investor Daniel Loeb has taken a stake in the company. Shares shot up nearly 12% yesterday. This morning however, they've been down about 3%. CF is a supplier of nitrogen and phosphate fertilizers. Producers of fertilizer have been benefiting from sharp declines in the price of natural gas. Even with yesterday's climb, the stock is down 2% year-to-date. One other note about Daniel Loeb. He's stepping up his criticism of Sony (SNE), now calling the company management "bloated."

Facebook (FB) is up just fractionally in early trading, but the stock climbed another 4.2% yesterday on continued momentum from its earnings report. The stock is now up 35% over the past week, and sits at its highest level since the day it went public. It's up 27% since the start of the year. By the way, the stock was by far the most traded one on Wall Street yesterday with almost 122-million shares changing hands.