Sunday, February 2, 2014

Stocks to Watch: Amazon, Chevron, MasterCard

Among the companies with shares expected to actively trade in Friday’s session are Amazon.com Inc.(AMZN), Chevron Corp.(CVX) and MasterCard Inc.(MA)

Accuray Inc.(ARAY) shares jumped after the company posted a narrower loss than expected in its fiscal second quarter and raised its revenue estimate for the year. Shares rose 9.1% to $10.08 premarket.

Amazon.com posted a big jump in revenue in the fourth quarter, but its failure to meet lofty profit expectations sent the online retailer’s shares tumbling. The Seattle-based company also issued a disappointing forecast for the current period. Shares dropped 8.3% to $369.45 premarket.

Chevron’s fourth-quarter profit fell 31% as the energy giant reported lower global reduction and weaker refined products margins. Though profit for the period met Wall Street’s expectations, revenue missed expectations by nearly $9 billion. Investors sent the company’s shares down 0.7% to $115.65 in premarket trading.

Chipotle Mexican Grill Inc.'s(CMG) fourth-quarter earnings rose 30% as the burrito chain said an increase in traffic at its restaurants boosted sales. Revenue growth for the quarter topped Wall Street’s expectations, pushing shares up 12% to $551.31 premarket.

DFC Global Corp.'s(DLLR) fiscal second-quarter profit tumbled 88% as the operator of check-cashing stores was hurt by weaker gold prices and a weaker Canadian dollar. Results for the period badly missed Wall Street’s expectations, and DFC cut its expectations for the fiscal year. Shares dropped 24% to $8 premarket.

Google Inc.(GOOG) said its fourth-quarter profit climbed 17%, bolstered by higher advertising revenue. Shares edged up 3.9% to $1,179.60 premarket.

LyondellBasell Industries N.V.(LYB) said its fourth-quarter earnings soared 86% as the plastics and chemicals company reported better profitability across all key business segments. Results were far better than Wall Street expected, sending shares up 2.4% to $79.90 in premarket trading.

Mattel Inc.(MAT) reported a surprise drop in fourth-quarter sales, as the toy maker was stung by sharp declines for core brands like Barbie and the preschool Fisher-Price line. Mattel’s latest results badly missed Wall Street’s expectations, possibly hurt by the soft performance at key brick-and-mortar retail partners like Toys “R” Us Inc. and Target Corp.(TGT) Shares dropped 10% premarket to $38.50.

Manitowoc Co.(MTW) said its fourth-quarter profit fell 39% despite improved crane orders and stronger margins on impacts related to the sale of its stake in a Chinese joint venture. Adjusted earnings beat Street views, sending shares up 8.2% to $26.80 premarket.

MasterCard reported a 3% jump in fourth-quarter profit, as cardholders spent more on purchases and the company processed more transactions. However, results for the latest period missed Wall Street’s expectations, sending shares down 5.8% in recent premarket trading. Visa(V) and American Express(AXP) shares also appeared to be dragged down by the results.

Security services provider Proofpoint Inc.(PFPT) shares popped after the company posted better-than-expected fourth-quarter results and issued optimistic revenue guidance. Shares jumped 10% to $40.24 premarket.

Wal-Mart(WMT) warned that its fourth-quarter earnings could fall below the low end of its prior forecast, citing government cuts to assistance programs and a harsh winter. Shares dropped 1% to $74.05 premarket.

Wynn Resorts Ltd.(WYNN) said its fourth-quarter profit rose 92%, fueled by revenue gains from the company’s casino operations in Macau. Shares edged up 2.6% to $206.78 premarket.

Zynga Inc.(ZNGA) is announcing its biggest-ever acquisition to boost a push into mobile videogames, while at the same time cutting deeply among its ranks for the third time in two years. Shares surged 18% to $4.20 premarket.

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