Apollo Group Crashes After Earnings and 3 Hot Stocks on the Move
General Motors Company (NYSE:GM)
General Motors CEO Dan Akerson reversed some downward movement in the company’s stock with comments he made on Wednesday at a roundtable in Detroit. Akerson said that GM aims to have an investment-grade credit rating in 2013, and by 2015 have the best margins in the industry. The company also hopes to be turning a profit from its currently loss-making European segment by 2015.
First Solar, Inc. (NASDAQ:FSLR)
Shares of First Solar are on the move after the company announced that it has acquired Solar Chile, a Santiago-based solar-development company. Solar Chile has a portfolio of solar projects totaling about 1.5 gigawatts in Chile, and gives the American company a strong presence in the developing South American market.
Apollo Group Inc. (NASDAQ:APOL)
Shares of Apollo Group tripped over a cliff and broke their hip on Wednesday morning after the company announced its first-quarter fiscal 2013 results. Net income dropped 10.59 percent year over year to $1.18 per diluted share, while revenue fell 6.68 percent year over year to $1.1 billion.
LinkedIn Corporation (NYSE:LNKD)
The world’s largest online professional network is celebrating 200 million users in over 200 countries today. This makes 13 million added since its announcement at the beginning of November. Fun fact: over 64 percent of LinkedIn members are located outside of the United States. According to comScore, LinkedIn is the 23rd most-visited website in the world.