Market Overview

Top Trending Tickers On StockTwits For January 22

Related BIDU
TrueCar, Inc. (TRUE) Jumps: Stock Adds 9.9% in Session - Tale of the Tape
Report Baidu Planning Smartphone Using MediaTek Processor

Here's a look at the top tickers trending on StockTwits.com:

Coach: Iconic brand losing market share

This morning Coach (NYSE: COH) released its second quarter results. The company reported an EPS of $1.06, missing the consensus estimate of $.11. Revenue declined 5.3 percent year over year at $1.42 billion and missed the consensus estimate by $70 million.

“We continued to be disappointed by our performance in North America, which was impacted by substantially lower traffic in our stores and by our decision to limit access to our e-factory flash sales site,” said Victor Luis, the company's chief executive officer.
Comparable store sales in North America plunged 13.6 percent and the company shied away from offering any future guidance.

Shares were trading lower by eight percent in the pre-market session.

VisionChina: Chinese small cap lands large deal

VisionChina Media (NASDAQ: VISN) announced that it is has entered into an exclusive strategic cooperation agreement with one of China's largest and most prominent online media sites, Baidu (NASDAQ: BIDU)

Under the agreement, VisonChina will act as the exclusive digital mobile television advertising partner of Baidu Games and will provide brand promotion and advertising placement solutions for Baidu Games throughout VisonChina's national media networks on buses and subways throughout 2014.

See also: Top Financial Tweets for January 22, 2014

“We are proud to announce this exclusive strategic cooperation with Baidu Games,” said Limin Li, VisionChina's chief executive officer. “This deal is representative of our advertising service capabilities and the success we've had in working with China's gaming industry.”

Shares were trading higher by more than 45 percent in the pre-market session.

IBM: Big Blue “feels blue”

Last night, IBM (NYSE: IBM) announced its fourth quarter results. The company reported an EPS of $6.13, beating the consensus estimate of $6.00. Revenue declined 5.5 percent year over year to $27.7 billion and missed the consensus estimate by $560 million.

This morning, investors and traders are expressing doubt over the company's future. Ginni Rometty, the company's CEO insisted that the company remains on track to hit its 2015 EPS goal of “at least” $20 a share.

Analysts at JPMorgan said that investors will likely mull over whether IBM needs to reset its 2015 objectives at some point this year causing their price target to be lowered to $175.

Analysts at Deutsche Bank released a research note this morning titled “No near-term relief” while analysts at Credit Suisse reiterated a Sell rating and $160 price target on weaker than expected numbers.

Shares were trading lower by around four percent in the pre-market session.

Natural gas inverse: Millions bracing for second round of cold weather

The price of natural gas delivered to mid-Atlantic states rose to a record high on Tuesday following a new round of snowstorms bringing freezing temperatures to the Northeast.

Natural gas for delivery Wednesday soared to $135 per million British thermal units at Transco Zone 6, a pipeline delivery point where gas prices are set.

To put things in perspective, on Friday, natural gas traded between $10 and $25 per million Btus.

The VelocityShares 3x Inverse Natural Gas ETN (NYSE: DGAZ) are naturally under pressure this morning.

The exchange traded note moves three times in the operate direction of the S&P GSCI Natural Gas Index.

The note was trading lower by around nine percent in the pre-market session.

Norfolk Southern: Solid quarter

Norfolk Southern (NYSE: NSC) released its fourth quarter earnings this morning. The company reported an EPs of $1.64, beating the consensus estimate of $1.51. Revenue increased 8.2 percent year over year to $2.96 billion and beat the consensus estimate by $50 million.

The company said that its total shipping volume grew four percent as it delivered more intermodal shipping containers, automotive shipments, crude oil and agricultural products.

"Norfolk Southern's team of safety and service-oriented employees drove our record-setting fourth-quarter results through increased productivity, efficient network operations, and continued revenue gains," said Wick Moorman, the company's chief executive officer. “We're seeing the results of our investments in network capacity and technology enhance our ability to offer superior service to all of our customers.”

The company plans to increase its spending by 12 percent in 2014 to $2.2 billion “to maintain safe railway operations, purchase locomotives and freight cars, and support growth and productivity initiatives.”

Shares were trading higher by around four percent in the pre-market session.

Posted-In: Baidu Baidu Games Big Blue China Gaming Coach Credit SuisseNews Movers Best of Benzinga

 

Related Articles (BIDU + COH)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters