Amazon CEO Sheds Shares, Whole Foods Sinks on Slower Quarter, and 3 More Hot Stocks

Amazon.com Inc. (NASDAQ:AMZN): Commander and founder of the good ship Amazon, Jeff Bezos, reportedly sold a large boatload of stock early this month, amounting to a million shares. It’s a drop in the ocean for Bezos’s holding in his company, but it is the largest stock sale of his in the past three years.

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Whole Foods Market (NASDAQ:WFM): Shares of Whole Foods are down nearly 10 percent in the wake of its quarterly report on Wednesday, which saw comparable-store sales increase 5.9 percent during the fourth quarter, missing the estimates of some analysts by a full percentage point and falling below its recent quarterly trends. However, the gross profit rate rose 37 bps to 35.6 percent, as the costs of goods and direct store expenses rose more slowly than the rate of sales.

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Qualcomm Corp. (NASDAQ:QCOM): Qualcomm shares have opened lower as the chipmaker reports earnings per share of $1.05, which missed by 2 cents, and $6.48 billion beat, by $130 million. Sales grew 42 percent in the chip division, to $4.46 billion over the year prior; for royalties, sales surged 19 percent, to $1.87 billion, though the latter’s EBT profit of $1.62 billion remains much larger than the chip division’s $702 million. Research and development spending grew 23 percent year-on-year, down from the third quarter’s 36 percent swell. SG&A expenses grew 11 percent, down from the third quarter’s 19 percent.

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Transocean Ltd. (NYSE:RIG): Shares of Transocean are up over 4 percent as the company pulls out a surprise revenue beat, which saw gains of 5.2 percent to $2.56 billion; EPS of $1.37 beat by 30 cents. Total fleet rig utilization reached 83 percent in the third quarter, compared to 80 percent in the prior quarter, as the contract backlog reached $29.8 billion as of the October 16′s fleet status report, and additional backlogs of $166 million has been recorded since then.

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Chesapeake Energy (NYSE:CHK): Chesapeake revealed on Wednesday that the Michigan Office of the Attorney General had issued a subpoena related to possible antitrust violations on September 16, via the company’s quarterly filing with the Securities and Exchange Commission. The probe is also looking into possible criminal solicitation, which Reuters reports  ”a conviction can occur even if the crime never takes place if the intent is demonstrated.”

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