5 Stocks Lighting Up Trading Screens: Yahoo Shakes Up Markets

Yahoo (NASDAQ:YHOO): After months of complaints about Yahoo’s strategy and share price, the internet giant finally canned CEO Carol Bartz. CFO┬áTimothy Morse is now the interim CEO. Yahoo’s stock is up 5.6% in early trading.

Bank of America (NYSE:BAC) is restructuring its management team to concentrate the bank’s operations under three divisions: people, companies and institutional investors. The bank named David Darnell and Tom Montag as co-chief operating officers. Bank of America’s stock is up 2.2% in early trading.

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Nvidia (NASDAQ:NVDA) shares are up over 6% this morning after the company announced a solid outlook. The chip maker raised fiscal 2013 sales forecasts to $4.7 billion to $5 billion above Wall Street analyst expectations for $4.45 billion.

Kraft Foods, Inc. (NYSE:KFT) has announced plans to split their business into two firms starting in 2012. Chief Executive Officer Irene Rosenfeld said the company will now operate as a Global Snack business and North American Grocery business.

Urban Outfitters (NASDAQ:URBN) shares are getting crushed over 7% this morning after investors combed through the 10-Q released yesterday after the bell. The SEC document noted comparable store sales fell 3.3% for the six months ending July 31 due to a decrease in transactions, stores saw lower units per transaction and lower average unit sales prices.

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