Online retailer of certified diamonds, engagement rings and fine jewelry, Blue Nile (NASDAQ:NILE), zooms 44 percent with a Q2 that beat estimates. EPS guidance of $0.70 – $0.85 also beats expectations and raises conjecture that the company may be wresting market share from the high-priced physical stores such as SIG, TIF and ZLC.
Microsoft (NASDAQ:MSFT) has done away with the Metro name for its tablet oriented UI for Windows 8. Though the company holds “discussions with an important European partner” as the ostensible reason for the move, there is speculation that a trade mark dispute with German company Metro AG may be the real cause.
Kraft (NYSE:KFT) is the latest addition to hedge fund Third Point’s positions, according to a leaked report. It may be noted that the fund had no position in Kraft as at end of Q1.
JP Morgan reduces Molycorp (NYSE:MCP) to underweight as analyst Mike Gambardella is upset with the company’s earnings call and its “total disconnect from what the management is saying and what you put down in your outlook” pertaining to funding issues.
Shares of ride-sharing company Zipcar (NASDAQ:ZIP) tank 36% today, as investors take a dim view of its revenue forecast. Though losses have tapered, customer growth is not what was expected.
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