Facebook’s Instagram Employees May JUMP SHIP and 4 Hot Stocks Moving Now
Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares saw an increase of 22 percent during after-hours trading following the company’s increase of its fiscal-year outlook late Thursday, driven by strong demand for its guns and expansion at its factories to handle current orders.
Toyota Motor Corporation (NYSE:TM) wishes to double its China sales by 2015 via a strategy involving hybrids and low-price cars, the Japanese Nikkei business daily stated on Friday. Toyota’s share of the booming Chinese passenger-car market dropped to 6.8 percent, versus to 10.3 percent during 2008, as recalls, strikes and the Japanese earthquake plagued the Japanese auto producer, reposrts the Nikkei. Shares of Toyota Motor Corporation are trading 1.458% higher today.
The Kroger Co. (NYSE:KR) is seen reporting a Q2 profit of about 49 cents a share on sales of $21.88 billion, according to a poll taken by FactSet.
Apple Inc. (NASDAQ:AAPL) is currently in talks to license music for a custom-radio service that is comparable to the popular one operated by Pandora Media (NYSE:P), sources claim, in what would be a bid by the hardware maker for the expansion of its dominance in online music, the Wall Street Journal reports. Shares of Apple Inc. are trading 0.60% higher today.
Facebook, Inc. (NASDAQ:FB): TechCrunch reports that after the closing of Facebook’s (NASDAQ:FB) Instagram acquisition, several of Instagram’s employees could consider leaving for another startup. Sources state that some of Instagram’s employees “felt somewhat slighted” when the startup sold for $1 billion. Shares of Facebook, Inc. are trading 1.12% higher today.
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