Market Overview

7 Stocks To Watch For June 3, 2016

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7 Stocks To Watch For June 3, 2016

Some of the stocks that may grab investor focus today are:

Broadcom Ltd (NASDAQ: AVGO) reported stronger-than-expected earnings for its second quarter on Thursday. The company also announced quarterly interim dividend of $0.50 per share. Broadcom shares surged 7.15 percent to $165.98 in the after-hours trading session.

Ambarella Inc (NASDAQ: AMBA) posted better-than-expected results for its second quarter and announced a $75 million buyback plan. Ambarella shares climbed 8.90 percent to $46.26 in the after-hours trading session.

Bazaarvoice Inc (NASDAQ: BV) reported a narrower-than-expected loss for its fourth quarter on Thursday. Bazaarvoice shares jumped 8.48 percent to $4.22 in the after-hours trading session.

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Gap Inc (NYSE: GPS) reported a 6 percent drop in its same-store sales for May, versus a 1 percent decline in the 2015 four-week period. Its total revenue for the four-week period ended May 28, 2016 was down 5 percent to $1.18 billion. Gap shares surged 4.69 percent to $19.18 in the after-hours trading session.

Five Below Inc (NASDAQ: FIVE) reported upbeat results for its first quarter on Thursday. Five Below shares gained 1.84 percent to $43.64 in the after-hours trading session.

The First Marblehead Corporation (NYSE: FMD) agreed to be acquired by FP Resources USA for $5.05 per share. First Marblehead shares jumped 14.99 percent to $4.45 in the after-hours trading session.

Zumiez Inc. (NASDAQ: ZUMZ) reported a narrower-than-expected loss for its first quarter, but issued a weak forecast for the current quarter. The company's comparable sales for the thirteen weeks ended April 30, 2016 dropped 7.5 percent, versus a 3.0 percent growth in the year-ago period.

 

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