There were a couple of stocks which made huge moves yesterday after some positive comments on wind power plays. MasTec (MTZ, $11.27, up $1.20) has been around for over 75 years and recently announced killer earnings. The stock was at $8 after the announcement and added another 12% yesterday. I’mRead more
Wind Power Plays
Microsoft Reopens Yahoo Discussions
You really didn’t believe Microsoft (MSFT, $29.56, down $0.42) was totally “walking away” from Yahoo (YHOO, $27.85, up $0.19) did you? In case you haven’t heard, Microsoft has entered into discussions again about a deal with Yahoo. Although this doesn’t mean a full buyout is expected, Microsoft said it “reservesRead more
Earnings Preview
Update on Retailers
We had a few more retailers report earnings today. Nordstrom (JWN, $38.44, up $1.15), and Abercrombie & Fitch (ANF, 76.19, up $0.11) each announced better-than-expected earnings results for the most recent quarter while Kohl’s (KSS $49.27, down $1.22) reported a decline in its 1Q results. ANF reported earnings of $62Read more
Chipotle Mexican Grill Revisted
I profiled Chipotle Mexican Grill’s (CMG, $95.47, down $3.22) earnings about three weeks ago after the company beat Wall Street’s expectations by four cents a share. However, the stock fell 10% that day and closed right around $100. The breakdown was significant and technically speaking, the stock broke through itsRead more
Yahoo Options Heating Up
It’s official, Carl Icahn confirmed he’s got a “team” in place for a proxy fight with Yahoo (YHOO, $26.98, down $0.18). It was revealed that Icahn acquired nearly 60 million shares of Yahoo stock over the past 10 days. Talk about a “Dream Team”, Icahn’s new board would include himself,Read more