4 Super Hot Stocks: Netflix Continues to Slide, 99 Cents Pops 4%, IBM Down, and General Mills Gets Upgraded
Netflix (NASDAQ:NFLX) continues to fall in early trading. Shares are down 2% the day after the company decided to cancel its Qwikster spin off. The company competes for viewers with Dish Network (NASDAQ:DISH), Time Warner (NYSE:TWC), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL).
Dollar store 99 Cents Only Stores (NYSE:NDN) is trading more than 4% higher before the opening bell. The company will be sold to Ares Management, Canada Pension Plan Investment Board, and the Gold/Schiffer family for $1.6 billion ($22 per share). Other popular dollar stores include Dollar General (NYSE:DG) and Family Dollar (NYSE:FDO).
Investing Insights: Will Investors Hang Up on Sprint?
After trading higher, shares of IBM (NYSE:IBM) are down in early trading. The company said it would pay an undisclosed price to buy private, Toronto-based Platform Computing, a specialist in cluster and grid management software for distributed computing environments.
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