Stock Market Today, Investment News and Hot Stocks
Kulicke & Soffa Industries Inc. (NASDAQ:KLIC) closed Wednesday down 1.02% at $11.70. KLIC traded 882 thousand shares yesterday, above its daily average of 817 thousand shares. Barry Waite (Director) sold 3,000 shares at $12.04 on May 7.
The Kroger Co. (NYSE:KR) closed Wednesday down 0.48% at $22.80. KR traded 3.8 million shares yesterday and trades 5.2 million shares a day on average. Geoffrey Covert (Senior Vice President) sold 40,000 shares at $23.07 on May 7. [Read more...]
Wall Street is on pace to snap a 2-session losing streak thanks to a string of earnings beats. Nothing really happening on the economic data front heading into the weekend, so earnings season is the domestic driver. Internationally, investors are keeping an eye on both the IMF meetings and the French presidential election. Both have huge implications on whether the EU will finally be able to put aside sovereign debt concerns. [Read more...]
The street continues to be in a tug of war. On one hand you have China and European growth concerns. The EU seems unable to get a lasting solution for their sovereign debt crisis. The flipside is earnings season here stateside. The lowered bar of expectations has helped numerous companies beat expectations.
After the worst week of 2012 last week, the domestic markets are looking to recover some of the ground lost. Economic data points slated for release this week include retail sales numbers and industrial-production figures. [Read more...]
Synnex Corporation (NYSE:SNX) shares are up overnight and into the pre-market trading sessions climbing 4.4% to $33.50 per shares. Overnight movement is the result of Synnex announcing better than expected 4Q results. Synnex reported a 33% increase in net income as revenue increased by 15%. Synnex Corporation averages 200,000 shares traded daily and has a current market cap of $1.18 billion.
Super Micro Computer Inc. (NASDAQ:SMCI) shares are down overnight and headed into the pre-market trading, falling 5.9% to $15.64 per share. SMCI announced that they will likely fall short of expectations for its 2Q earnings guidance. The company is expecting a a revenue of $250 falling short of expectations of $260-280 million. SMCI has an average daily volume of 160,000 shares traded with a current market cap of $672.76 million.
Stryker Corporation (NYSE:SYK) shares are up slightly as the pre-market trading session approaches climbing 1% to $52.76 per share. Stryker announced that sales grew roughly 11% in the company’s 4Q. Based on the increase in revenue Styrker went on to announce an expected increase in 2012 profit of 10%. SYK has an averaged daily volume of 2.15 million shares and has a current market cap of $20 billion.
Intel Corporation (NASDAQ:INTC) shares are trading slightly lower as pre-market begins falling .35% to $25.50 per share. Intel has finally been able to get the company’s foot in the mobile smartphone door. Both Motorola Mobility Holdings (NYSE:MMI) and Lenovo Group Ltd announced plans to use Intel processors in upcoming smartphone releases. Intel has an average daily traded volume of 46.60 million and has a current market cap of $130.30 billion.
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