Stocks To Watch: IBM, Google, MAP Pharma, Annies, Coach, Molycorp

Stocks To Watch: IBM, Google, MAP Pharma, Annies, Coach, Molycorp

Companies whose shares are expected to trade actively in today’s session are International Business Machines Corp. (NYSE:IBM), Google Inc (NASDAQ:GOOG), MAP Pharmaceuticals Inc. (NASDAQ:MAPP), Annies Inc (NYSE:BNNY), Coach Inc. (NYSE:COH) and Molycorp Inc (NYSE:MCP).

Stocks To Watch: IBM, Google, MAP Pharma, Annies, Coach, Molycorp

International Business Machines Corp. (NYSE:IBM): IBM’s fourth quarter earnings topped analysts estimates. The tech giant reported a revenue of $29.3 billion with $5.39 per share in earnings. Analysts were expecting $5.25 per share with $29.09 billion in revenues. The better than expected results were due to growth in profitable areas of cloud computing and business analytics software. Shares jumped 5 percent to $205.88 in the early session.

Nomad Investment Partnership: Keep An Eye On The Unseen Risks

Tail RiskThere are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More

Google Inc (NASDAQ:GOOG): The search engine giant reported a 6.7 percent increase in its fourth quarter earnings. The company generated $14.42 billion in sales with earnings of $10.65. The Internet company continues to perform strongly in its core business. The increased online advertising prices also helped Google Inc (NASDAQ:GOOG). Shares surged 5.82 percent to $743.83 in early trading.

MAP Pharmaceuticals Inc. (NASDAQ:MAPP): Allergan, Inc. (NYSE:AGN) said it has agreed to acquire MAP for $958 million. Allergan has offered $25 per share of MAP Pharmaceuticals Inc. (NASDAQ:MAPP), or 60 percent premium to its Tuesday closing price. The negotiations began when the two firms agreed to jointly sell Levadex, a migraine drug by MAP. The drug is yet to be approved by U.S. FDA. Shares jumped 58.73 percent to $24.73.

Annies Inc (NYSE:BNNY): The organic food maker has decided to recall its frozen pizza products after fragments of metal mesh were reported in pizza dough and flour supplier by a third party. Shares of the company tanked 4.42 percent to $36.77 in early market trading.

Coach, Inc. (NYSE:COH): The company’s second quarter earnings fell short of Wall Street estimates amid poor Holiday sales in North America. The same-store sales of the luxury handbag maker fell 2 percent. Shares were down 15 percent to $51.65.

Molycorp Inc (NYSE:MCP): The company is offering $100 million in debts and $200 million in stock. The proceeds will be used to develop a rare-earth manufacturing complex in Mountain Pass, California. Shares dipped 7 percent to $8.21 in early trading.

No posts to display