Facebook Brings Back the Chat, Nike’s Solid Quarter, and 3 More Hot Stocks
Facebook (NASDAQ:FB): Facebook is reportedly working on Host Chat, a chat room-like service that enables users to restrict who’s allowed to join a chat, and Facebook’s news feed will be used to alert “friends” of an ongoing chat. Facebook is working to build on the growing messaging numbers, and use chats as a channel to keep people rooted to the site and spend more to time to help increase the value of its advertising.
Nike Inc. (NYSE:NKE): Despite beats on both EPS and revenue during its fourth quarter, conservative guidance (too conservative, according to Goldman) weighs on the shares. Sales were weaker than expected in China, a major market for the company, which adds that it’s hard to predict how quickly it will again see sustained Chinese growth. Revenue grew by 7 percent, and future orders by 8. Marketing costs fell 13 percent, while the gross margin also fell, by 30 bps.
Pfizer Inc. (NYSE:PFE): The pharmaceutical giant has declared a $0.24 per share quarterly dividend, in line with its previous payouts. It has a forward yield of 3.41 percent, for shareholders of record on August 2. The dividend is payable on September 4, with an ex-dividend date of July 31.
Las Vegas Sands Corp. (NYSE:LVS): Las Vegas, MGM Resorts (NYSE:MGM) and others fell under scrutiny at a congressional hearing on Thursday, due to concerns that include VIP rooms that are located in the casinos, but are run by third-party operators. ”Criminal transactions are widely alleged to take place just out of the direct purview of the casino,” said A.G. Burnett, chairman of the Nevada State Gaming Control Board.