Amazon May Bring Fresh to New York, Cable Feud Boosts RadioShack, and 3 More Hot Stocks
Amazon.com (NASDAQ:AMZN): Rumors that Amazon is bringing AmazonFresh to New York are appearing more substantial, as the company has reportedly purchased a 964,000 square-foot facility across the Hudson River in New Jersey. All Things D is also reporting that the company is hiring for its new location, though the descriptions did not include any grocery-related tasks. PeaPod and FreshDirect are the incumbent grocery delivery services, the latter of which has been in business for 10 years and brings in $400 million annually.
RadioShack (NYSE:RSH): The CBS-Time Warner Cable feud has apparently been beneficial for RadioShack, which reported a sudden spike in TV antenna sales when CBS went dark for Time Warner subscribers. Other products, like Roku’s streaming players, are also selling well, according to a RadioShack representative.
Groupon (NASDAQ:GRPN): Groupon has arranged to have its Breadcrumb mobile payment-processing services supported by point-of-sale terminals from market leaders VeriFone and Ingencio as the companies work together to compete against Square, which is processing more than $10 billion per year in transactions, mostly from small businesses.
SeaWorld Entertainment Inc. (NYSE:SEAS): Seaworld has reported earnings per share of 41 cents, which missed by 10 cents, and revenue of $411.3 million, also missing by $23.2 million. Top-line results were hurt by lower attendance as the result of new pricing strategies combined with impacts from an earlier Easter holiday season and adverse weather conditions at some of its parks. IPO expenses in April also hurt earnings: the company dropped its revenue guidance to between $1.45 billion to $1.48 billion versus its previous estimate of $1.46 billion to $1.49 billion.
JinkoSolar Holding Co. Ltd. (NYSE:JKS): EPS of 56 cents beat expectations by 38 cents, while revenue of $287.6 million missed by $11.24 million. ”While ASPs continue to stabilize, the solar industry has begun to consolidate with demand gradually aligning with supply,” the company said, adding that it has lowered its dependence on Europe — soft demand, anti-dumping dispute — and grown its sales within China, Japan, the U.S., South Africa, and India.
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