Midday movers: Groupon, Home Depot, Avon
Stocks edge higher amid a raft of U.S. economic data and surprisingly strong economic growth in Germany.
Information provided by TheflyonthewallGroupon (GRPN) shares rallied over 16% after its earnings and revenue beat expectations. The company also guided to revenues next quarter that were above consensus at the midpoint but some on Wall Street remain skeptical. Stifel Nicolaus said shares are likely to weaken into the June 1 lockup expiration and Susquehanna lowered its price target on the stock to $15 from $25.
Dow component Home Depot (HD) slid about 2% after its earnings beat expectations and it raised its full-year profit forecast. Sales, however, missed estimates and the company said that same-store sales growth next quarter would lag because of sales pulled into the early part of the year due to warm weather.
Among the notable gainers Tuesday were TJX (TJX), up about 7%, after its earnings and revenue beat expectations, and Dick's Sporting Goods (DKS), up 7% as well, after its sales, profits and guidance all came in above consensus. Noteworthy losers included Avon (AVP), down over 10%, after Coty withdrew its proposal to acquire the company, and Summer Infant (SUMR), down 25%, after the company's earning and revenue fell short of expectations.
MORE ON MSN MONEY
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
LATEST POSTS
In the never-ending contest for sales, American carmakers are pulling ahead.
FIDELITY VIEWPOINTS
- How to sell covered calls - Fidelity Investments
- Savvy year-end tax moves to consider now - Fidelity Investments
- Seven ways to prepare for tax changes
- Five reasons an annual review is crucial - Fidelity Investments
- Take a look at mid caps now - Fidelity Investments
- State of the sector: Health care - Fidelity Investments
VIDEO ON MSN MONEY
ABOUT
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.
