-
Wednesday, May 22, 2013 - 7:39pm
PetSmart Beats Q1 Earnings Estimates, Lifts Outlook
Pet supply company PetSmart (NASDAQ: PETM) released its fiscal first-quarter earnings estimates after the closing bell on Wednesday. The company topped Wall Street earnings estimates, but its sales were slightly below consensus expectations. The Phoenix-based company also lifted its full-year...
Read More >> -
Wednesday, May 22, 2013 - 7:36pm
Hewlett-Packard Soars After Q3 Results; Lifts Full-Year Outlook
Struggling diversified technology company Hewlett-Packard (NYSE: HPQ) released its fiscal second-quarter earnings results after the closing bell on Wednesday. Over the last five years, the company's share price has been more than halved as a secular decline in the PC business and a failure to...
Read More >> -
Benzinga's M&A Chatter for Wednesday May 22, 2013
Wednesday, May 22, 2013 - 5:56pm
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday May 22, 2013: Clearwire Board Recommends Shareholders Approve $3.40/Share Offer from Sprint The Recommendation:Clearwire Corporation (NASDAQ: CLWR) announced Wednesday that its Special Committee of...
Read More >> -
Wednesday, May 22, 2013 - 4:20pm
An ETF For Elon Musk Fans
Few U.S. chief executive officers are as hot as Elon Musk these days. Musk is the CEO of not one, but two of the highest flying publicly traded companies in the U.S. SolarCity (NASDAQ: SCTY), the maker of solar energy systems for business and residential customers, has seen its shares more than...
Read More >> -
Wednesday, May 22, 2013 - 4:19pm
Market Wrap for Wednesday, May 22: Stocks Pullback As Bernanke Says Bond Buying Could Slow
In Congressional testimony on Wednesday, Federal Reserve Chairman Ben Bernanke said that the central bank could begin winding down its $85 billion-per-month bond-buying program at one of its "next few meetings." Minutes from the May FOMC meeting, however, showed that there is no consensus about...
Read More >> -
Mid-Afternoon Market Update: MannKind Posts Huge Rally as Markets Plummet
Wednesday, May 22, 2013 - 4:18pm
Toward the end of trading Wednesday, the Dow traded down 0.72 percent to 15,276.86, while the NASDAQ fell 1.53 percent to 3,448.99. The S&P was also down, falling 1.14 percent to 1,650.98. Top Headline Target (NYSE: TGT) reported a drop in its first-quarter profit. Target's quarterly profit...
Read More >> -
Wednesday, May 22, 2013 - 12:56pm
Mid-Day Market Update: Dycom Gains On Upbeat Results, CVR Partners Drops
Midway through trading Wednesday, the Dow traded up 0.70 percent to 15,494.86, while the NASDAQ rose 0.48 percent to 3,518.99. The S&P was also up, gaining 0.65 percent to 1,679.98. Top Headline Target (NYSE: TGT) reported a drop in its first-quarter profit. Target's quarterly profit declined...
Read More >> -
Wednesday, May 22, 2013 - 12:25pm
Focus on Underperfomance With Trian Fund Management's Peter 'The Constructivist' May
Peter May, Trian Fund Management President and founding partner, calls himself a constructivist. He appeared on CNBC's Squawk Box on Wednesday to discuss a variety of things, including what being a constructivist means to him. He said that constructionists focus on the operating side of the...
Read More >> -
Stocks Hitting 52-Week Highs
Wednesday, May 22, 2013 - 10:22amUnder Armour (NYSE: UA) shares gained 1.84% to create a new 52-week high of $65.48. Under Armour's trailing-twelve-month ROE is 16.07%. Toll Brothers (NYSE: TOL) shares touched a new 52-week high of $38.72 after the company reported a 46% rise in its fiscal second-quarter profit. Sonoco Products...
Read More >> -
Mid-Morning Market Update: Markets Surge, Target Posts Lower Profit
Wednesday, May 22, 2013 - 10:14am
Following the market opening Wednesday, the Dow traded up 0.55 percent to 15,472.44, while the NASDAQ rose 0.52 percent to 3,520.40. The S&P was also up, gaining 0.59 percent to 1,678.95. Top Headline Target (NYSE: TGT) reported a drop in its first-quarter profit. Target's quarterly profit...
Read More >>


