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October Jobs Report; Twitter Post-IPO; France Credit Rating Cut

Dan Berman
Hot Stock Minute
October Jobs Report; Twitter Post-IPO; France Credit Rating Cut

Breaking news: The October jobs report has come in much stronger than expected. The Labor Department says there were 204,000 new jobs created when expectations were for just about 120,000. Still, the unemployment rate ticked up to 7.3% from 7.2% in September which was the lowest level in nearly five years. For instant analysis of the numbers watch show host Lauren Lyster speak with Yahoo Finance Editor-in-Chief Aaron Task and Senior Columnist Mike Santoli.


Twitter (TWTR) is up fractionally at this hour on the NYSE. The stock ended yesterday's regular session at $44.90 up almost 73% from the offering price of $26. The high for the day was $50.09. Overall the IPO went smoothly with nearly 118-million shares trading hands. At this point, Twitter has a market cap of $24.5-billion.

Sprouts (SFM) has been down nearly 5% since reporting earnings after yesterday's close. This is despite beating estimates with 13-cents a share when analysts were looking for 10-cents. Sales also exceeded estimates. So, what's driving the stock down? The company says it wants to sell up to 225-million new shares, diluting the value of current ones. Prior to this morning's drop, shares are up 16% since the company went public in August. By the way, larger competitor Whole Foods Market (WFM) fell 11% yesterday on its earnings, but is still up 25% year-to-date.

Tesla (TSLA) can't seem to stop skidding, down again this morning. The stock dropped more than 7% yesterday. It has lost 21% over the last two days. It comes on reports of another fire in a Model S sedan. There have now been three Tesla fires in the last six weeks.

The Gap (GPS) is up nearly 8% ahead of the bell. The clothing giant reported a 4% increase in same-stores sales for October. It also gave third-quarter sales guidance of 70-cents or 71-cents a share. Estimates had been for 66-cents. The Gap goes into today's trading session up 20% year-to-date. Compare that to Abercrombie & Fitch (ANF) which is down 31% in the same time, 14% of that came in the last two days.