Stocks Finish Flat and After Hours Movers

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Stocks finished mostly flat today as investors took the opportunity to lock in some profits following news of a deal for Greece’s second bailout package. EU finance ministers finished a 130 billion euro for Greece. Private bondholders agreed to take a greater loss and the government in Greece agreed to deeper cuts. There is a lot of skepticism going around though as investors wonder how long before Greece is a problem again.

Oil prices continue to rise as well which can have even greater implications such as slowing down the U.S. economic recovery. Oil closed at $105.50 a barrel today as investors eye developments in Iran.

In after hours trading, Dell and Chesapeake Energy are in the spotlight after releasing earnings.

Canadian Solar Inc. (NASDAQ:CSIQ) is up 10.77% in after hours trading at $4.63. CSIQ shares are rallying after the company increased shipment guidance for the fourth quarter. CSIQ traded 1.9 million shares today, nearly double its average volume. The company has a market cap of 180.38 million.

Brocade Communications Systems (NASDAQ:BRCD) is up 5.45% in after hours trading at $5.80. BRCD shares are rising after market close today thanks to fiscal year first quarter results that beat estimates. Brocade reported revenue of $561 million, beating Wall Street estimates of $542.4 million. Non-GAAP profits came in at $0.20 per share, beating estimates of $0.13 per share. The company has a market cap of 2.50 billion.

Intuit Inc. (NASDAQ:INTU) is up 3.36% in after hours trading at $59.45. INTU shares jump after the company announced fiscal year second quarter results. INTU posted revenue of $1.019 billion and profits of $0.51 per share. Analysts’ expectations were $1.01 billion and $0.41 per share. The company has a market cap of 17.10 billion.

Chesapeake Energy Corporation (NYSE:CHK) is up 1.18% in after hours trading at $24.91. CHK posted fourth quarter results after market close today. Chesapeake Energy reported fourth quarter revenue of $2.73 billion and net income of $0.63 per share. The company has a market cap of 15.75 billion.

Dell Inc. (NASDAQ:DELL) is down 4.89% in after hours trading at $17.32. DELL shares are down after the company reported fourth quarter results this afternoon. Profits came in at $0.51 per share with revenue of $16.03 billion. Analysts were expecting $0.52 per share and revenue of $15.96 billion. During the current quarter, Dell expects revenue to drop about 7% sequentially at $14.91 billion. Consensus was for revenue of $15.09 billion. The company has a market cap of 32.71 billion.

Yingli Energy Holding (NYSE:YGE) is down 8.52% in after hours trading at $4.40. YGE shares are down after the company says it missed fourth quarter estimates. The company has a market cap of 760.92 million.

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About Kyle Pinder

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.

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