4 Stocks Moving Markets As Credit Agencies Threaten US
Google (NASDAQ:GOOG) continues to trade heavily this morning after its stellar earnings report Thursday afternoon. Shares are up 13% in premarket action. The company reported net income that rose to $2.5 billion ($7.68 per share) vs. $1.84 billion ($5.71 per share) in the same quarter a year earlier, revenues that rose 32.3% to $9.03 billion from the year earlier quarter, and EPS of $8.74 per share that beat the mean estimates by a whopping $.88 cents/share. Check Out: Google Inc. Earnings Cheat Sheet: Strong Margins Continue as Net Income Rises
Shares of Petrohawk Energy (NYSE:HK) shooting up 63% in trades this morning on news that it plans to sell out to BHP Billiton (NYSE:BHP) at a total value of $15.1 billion that includes outstanding cebt.
Clorox Co (NYSE:CLX) shares running up over 11% this morning on news that investor Carl Icahn says he wants to buy out the company at a price of $76.50 per share. The deal would value the company at $12.6 billion, including debt, and represents a 12% premium to Clorox’s closing price Thursday at $68.43.
Citigroup (NYSE:C) stock is up nearly 3% this morning on a positive second quarter earnings release. Citi reported second-quarter profit that rose 24%, to $3.34 billion, or $1.09 a share, compared to $2.70 billion, or 90 cents a share a year ago. Although, total revenue slipped to $20.62 billion, from $22.07 billion a year ago. Both these marks topped analyst expectations. Citi follows JP Morgan’s (NYSE:JPM) lead in positive reports from bank stocks, which are a bright standout for a sector many thought could be battered by a troubling economic climate. Don’t Miss: JPMorgan Chase Earnings Cheat Sheet: Profit Up As Stock Climbs 3%.