Information provided by Theflyonthewall.com Starbucks
) reported third quarter earnings per share and same-store sales that beat consensus estimates. Jefferies, Oppenheimer, and Goldman Sachs all raised their respective price targets on Starbucks shares, which gained nearly 7%.
), which also reported earnings last night, and shares initially sold off after the company unexpectedly reported quarterly losses. Jefferies, Oppenheimer and Cantor all made postive comments on the company's long-term prospects this morning and Amazon shares rose about 2% near noon.
The Department of Justice announced last night that Halliburton
) has agreed to plead guilty to destroying evidence in connection with the Deepwater Horizon disaster. The company then said it plans to repurchase up to $3.3B of stock in a modified “Dutch auction” tender offer and the shares rose nearly 4%.
Among the notable gainers was Activision Blizzard
), which gained 14% after agreeing to buy back the majority of Vivendi's
) stake in its stock for $13.60 per share, or $5.8B.
Also higher were shares of electric automaker Tesla
), which climbed more than 4% after Deutsche Bank upgraded the stock and took its price target on the shares up to $160 from $50.
Among the noteworthy losers were shares of online travel company Expedia
), which plunged 25% after the company reported second quarter earnings that significantly trailed analysts' consensus estimates.
Also lower was Zynga
), which dropped 15% after reporting second quarter earnings and saying it would not pursue a license for real money gaming in the U.S.