Facebook’s Instagram Win, Zynga to Unveil Gambling Apps, and 3 More Hot Stocks
Facebook (NASDAQ:FB): Facebook’s decision to go with video upload capabilities for Instagram has proven to be a good one, much to the detriment to Twitter’s Vine app in the download charts. Vine has fallen from No. 2 in the App Store’s top free iPhone app rankings to No. 26 since June 20, when Facebook announced Instagram’s new addition. In addition, patents filed by Facebook signal that the company is developing a system that will automatically analyze a video to identify items like landmarks, products, and common phrases.
Zynga (NASDAQ:ZNGA): In efforts to further cash in on Internet gambling assets, Zynga is pulling back the curtains on its new real-money gambling apps destined for the U.K., which the company presented in Spain on Wednesday. The apps are the first to be published under the new strategic partnership with Facebook and could be a door-opening experience for American casino operators interested in launching their own products if Internet gambling gets a nod of approval in the United States.
Panera Bread Co. (NASDAQ:PNRA): Panera announced it is shuttering its pay-what-you-can program for Turkey Chili in a Bread Bowl orders. The program will be re-evaluated and could possibly be relaunched next winter. The company, renowned for its progressive stance on social responsibility on food issues, said that the program brings in about 75 percent of the retail value.
Family Dollar Stores Inc. (NYSE:FDO): Shares are up after a strong quarterly report as comparable sales rose 2.9 percent during the quarter, helped by higher average customer transaction values and increased customer traffic. The retailer also put a slight raise on full-year guidance. There was some uncertainty that the store would be able to beat its tough comparables from last year, which it did, although lower-margin consumables sales grew while higher-margin sales fell.
LSB Industries Inc. (NYSE:LXU): Lowered guidance resulted in a premarket plummet, but the shares have since recovered and are now up 4 percent. The guidance for the second quarter has been pegged at $0.20-$0.30 versus a consensus guidance of $0.83 due to operating income that was impacted by the late start of the ag fertilizer season due to unusual weather, lower sales prices for nitrogen fertilizer, and higher natural gas costs year-over-year.