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Dollar General and Apollo Report, Dish Dumps Blockbuster

Dan Berman
Hot Stock Minute

Dollar General (DG) has just reported quarterly earnings. The company earned 97-cents a share, beating estimates by 7-cents. This time last year the company made 85-cents a share. Dollar General also upped its outlook, saying sales growth this year could surpass last year's as the company sells more food and other basics. The stock hit its 52-week high of about $56 back in June. Prior to this morning it has been trading a little bit more than 10% below that. But it jumped more than 4.5% in premarket trading on the earnings news.

The Apollo Group (APOL) is also up sharply after reporting earnings this morning. The company says its quarterly profit fell to 34-cents a share, but that was still nearly twice the estimates of 18-cents. Apollo is the parent company of the University of Phoenix. Enrollment has dropped by nearly 1/3 over the past 3-years, and it's reflected in the share price. Prior to today, the stock is down 19% since the start of the year, and has lost an astounding 68% of its value since the beginning of 2012.

We're keeping a close watch on Dish Network (DISH). Over the weekend, Dish announced that it sold the British arm of Blockbuster video. The overseas chain has been in a form of bankruptcy since January. Dish hit its 52-week high about a month ago, but climbed within pennies of that price again on Friday when it rose more than 2.5% percent.

Sonic (SONC) will be reporting earnings after today's closing bell. The company hit its 52-week high last week, but could retreat from those prices. On Friday Sterne Agee downgraded the company to neutral from buy saying Sonic had reached its price target. The company is expected to post earnings of 5-cents a share.