Stocks opened mixed today, with the Dow Jones Industrial Average down 0.04%, the Nasdaq up 0.16% and the S&P 500 up 0.07%. Today’s market winners include a company who beat quarter four earnings expectations, and another who missed in the second quarter but increased its share buyback program. Meanwhile, today’s loser missed Wall St. earnings estimates and cut its full-year sales outlook.
Here are Wednesday’s market winners and loser.
Biggest Winners
Shares of Abercrombie & Fitch Co. (NYSE: ANF) are up 10.42% to $35.70 on trading volume of 4.3 million shares. Despite disappointing second-quarter earnings, shares rose as the retailer announced it was increasing its share buyback program by 10 million shares. The 52-week high is $77.49.
Shares of JDS Uniphase Corp. (NASDAQ: JDSU) are up 9.83% to $11.73 on trading volume of 7.8 million shares. The optical networking company reported fourth-quarter earnings of 15 cents a share, beating analyst estimates of 12 cents a share. The 52-week high is $15.17.
Biggest Loser
Shares of Staples Inc. (NASDAQ: SPLS) are down 15.42% to $11.38 on trading volume of 29.5 million shares. The company reported earnings of 18 cents a share in the second quarter, with Wall St. expecting 22 cents a share. Staples also said sales would stay flat for the year, despite saying sales would grow in the low single-digits previously. Before Wednesday, the 52-week low was $12.10.
Samuel Weigley
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.