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Whole Foods Is Whole Goodness; Zillow Grounded; Monster Madness

Dan Berman
Hot Stock Minute
Whole Foods Is Whole Goodness; Zillow Grounded; Monster Madness

Whole Foods Market (WFM) is looking like "whole goodness" up 8% in premarket trading. The company says it bagged earnings of 76-cents a share last quarter, beating estimates by 3-cents. Revenues were in line, topping $3-billion. The king of the upscale supermarkets is reaffirming a full-year forecast of at least 10% sales growth, and also announced a stock split. Prior to the spike we're seeing now, the stock had gained less than 1% since the start of the year.

Next, there may be trouble in the house for online real estate database Zillow (Z). The stock has been swinging since the company reported earnings yesterday afternoon and is now down more than 7%. Zillow missed estimates coming in with a loss of 11-cents a share when the conensus was for just 3-cents. The company did however beat on revenue which was up 71% from a year ago. Zillow says opportunity is knocking with the improving housing market. Realtor subscriptions and mortgage advertising are already up. Zillow took quite a tumble in mid-November, but shares are up 122% year-to-date.

Now, we look at Monster Beverage (MNST) which is going to be reporting earnings after today's closing bell. Monster got jolted again on Monday when San Francisco filed suit against the company, saying it illegally markets high-caffeine products to kids. It's expected to post earnings of 46-cents a share up a nickel from last year. Revenue probably rose about 10%. Shares are currently trading right in the middle of their 52-week range so investors don't seem too spooked by the bad publicity about energy drinks.

Finally, Tesla (TSLA) reports earnings after the closing bell. Shares ended yesterday's session, down 10% from their intra-day high. That nearly erased impressive gains made over the past week. Tesla will be reporting its first-ever profit. We know that because the company made that pre-announcement last month saying sales of its new sedan have topped estimates. Meanwhile, CEO Elon Musk was back on twitter yesterday, downplaying reports that Tesla's teaming with Google (GOOG) on self-driving cars. He wrote, "Creating an autopilot for cars at Tesla is an important, but not yet top priority. Still a few years from production."