Facebook IPO Leads These Hot Stocks in Friday Market Action

Facebook Inc. (NASDAQ:FB): According to a new report from RJ Metrics, Google+ (NASDAQ:GOOG) is a flop after analysts discovered an average of three minutes per month is spent on the social network versus Facebook’s (NASDAQ:FB) seven hours. Business Insider noted that Google has refused to give clear statistics about Google+. Google expert Danny Sullivan noted, “Google is just refusing to answer the question for its own reasons, which is probably because Google+ has far less activity as a standalone social network than either Facebook or Twitter.”

In other Facebook news, 33 investment bankers, led by Morgan Stanley (NYSE:MS), may split the lower than average $176 million fee from managing the company’s IPO, reported Bloomberg. They will collect about 1.1 percent of the $16 billion raised by Facebook in its IPO .

Facebook’s trading slightly under $40 per share.

A Closer Look: How HUGE is Facebook’s $104 Billion Valuation?

Foot Locker, Inc. (NYSE:FL): May sales through Thursday are in line with the first quarter’s high single digits. The company reported better than expected first quarter earnings per share of $0.83 cents versus the consensus of $0.74; revenue was $1.57 billion, up from a $1.57 billion estimates. Shares of Foot Locker, Inc. are trading 9.50% higher today.

Winnebago Industries, Inc. (NYSE:WGO): Winnebago Industries confirmed a North Street Capital letter, which proposed an acquisition of all outstanding common shares for $11.00 per share in cash. The company has reviewed the offer’s information but to-date, hasn’t received sufficient information to deem it as credible. Winnebago’s board said, “the ‘offer’ described in the letter is highly conditional, requiring, among other things, due diligence and further negotiation. The Company advises that no offer has been made to shareholders and that they need not take any action at this time in response to North Street’s letter.” Shares of Winnebago Industries, Inc. are trading 9.28% higher today.

Ann Inc (NYSE:ANN): Ann reported its first quarter earnings and estimates its fiscal year 12 gross margin rate performance to be 55 percent with total SG&A expenses to hit $1.140 billion. The company has forecast its effective tax rate to be approximately 40 percent with capital expenditures at approximately $150 million. Total weighted average square footage will slightly increase, reflecting the opening of 65 new stores; this will be partially offset by the impact of downsizing Ann Taylor stores along with 30 store closures. Shares of Ann Inc are trading 3.06% higher today.

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