Information provided by Theflyonthewall.com Comcast
) announced several important developments late Tuesday and investors reacted favorably, sending its stock up over 4%. The company reported its Q4 results but also announced it will buy General Electric'’s
) remaining 49% equity stake in NBCUniversal for $16.7 billion, increased its dividend by 20% to 78 cents per share and said it plans to buy back $2 billion of its stock in 2013.
After the earlier than expected sale of the JV interest, GE said it was raising its share repurchase plan to $35 billion and accelerating its 2013 share buybacks to about $10 billion and its shares rose about 3%.
Among the notable gainers was Proto Labs
), up 23%, after its better than expected earnings report as well as a positive mention of 3D printing technology by President Obama last night.
Shares of publicly traded 3D printer makers moved up as well, including 3D Systems
) and ExOne
(XONE). Also higher were shares of WellCare
), which gained 10% after its earnings and revenue both beat consensus expectations. Among the noteworthy losers after earnings reports that sparked analyst downgrades were Bankrate
), down nearly 20% and downgraded at Citi, Rackspace
), down 18% and downgraded at Stifel Nicolaus, and Cliffs Natural
), which was downgraded at Deutsche Bank, Citi and Macquarie and saw shares fall about 19%.