11 Stocks Hitting Trader Radars: EA Falls 3%, Diamond Blows Pringles Deal and LinkedIn Surges 11%

Shares of Electronic Arts (NASDAQ:EA) declined 3.4 percent early Friday.  The video game publisher was downgraded to neutral at Macquarie, and also received a price target cut from $25 to $18.  Activision Blizzard Inc. (NASDAQ:ATVI) edged slightly higher.

Arch Coal Inc. (NYSE:ACI) fell more than 4 percent after announcing fourth quarter results.  Net income increased to $70.9 million (33 cents per share), compared to $47.8 million (29 cents per share) a year earlier.  Revenue came in at $1.23 billion, falling short of the average estimate of $1.3 billion.  Shares of Patriot Coal Corp. (NYSE:PCX) and Alpha Natural Resources Inc. (NYSE:ANR) also declined.

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NYSE Euronext (NYSE:NYX) shares declined 1 percent after reporting a declined of 18.5 percent in net income to $110 million (43 cents per share).  “Last week, the European Commission formally issued a prohibition against our merger with Deutsche Boerse and we have mutually agreed to terminate our business combination agreement,” said Duncan L. Niederauer, CEO, NYSE Euronext. “We are extremely disappointed with the decision, and as I have stated, we believe that it stems from a fundamentally different view of the competitive dynamics in the global markets.”

Procter & Gamble Co. (NYSE:PG) edged slightly lower Friday morning.  The company has decided to see if it can halt the sale of its Pringles brand to Diamond Foods (NASDAQ:DMND). Diamond, the seller of Emerald Nuts, has experienced enormous turmoil after its board discovered that the books had been cooked for two years by misrepresenting payments to walnut growers.

Shares of LinkedIn Corp. (NYSE:LNKD) surged more than 11 percent after reporting better-than-expected results.  The social network company reported net income of $6.9 million (6 cents per share) for the fourth quarter.  This represents a 30 percent increase from the prior year.  Other internet companies such as Shutterfly Inc. (NASDAQ:SFLY) and Groupon Inc. (NASDAQ:GRPN) declined in morning trading.

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To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

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