Will Rally Monday and Earnings Boost These 3 Stocks?
The week started off well for the Dow (NYSE:DIA) and S&P 500 (NYSE:SPY), both closed higher on Monday amid a commodities rally. In addition to the US Dollar (NYSE:UUP) pulling back, gold (NYSE:GLD) and silver (NYSE:SLV) also rallied today. Did these companies also take part in rally Monday?
These 3 companies reported earnings on Monday:
1) Activision Blizzard (NASDAQ:ATVI): Shares of this worldwide videogame maker are up 1.21% in late trading. After the closing bell, the company reported Q1 results. EPS of 13 cents beat estimates by 5 cents. Revenue increased 6% from last year to $755 million, which also beat estimates by $87 million. The company saw a boost in online sales due to its popular Call of Duty and World of Warcraft games. Other video game plays include: Electronic Arts (NASDAQ:ERTS), Take-Two Interactive Software (NASDAQ:TTWO), GameStop (NYSE:GME), Sony (NYSE:SNE), and Microsoft (NYSE:SNE).
2) Tyson Foods (NYSE:TSN): Shares are looking like a chicken with its head cut off as the stock closes 6% down. Before the opening bell, the meat and prepared foods company reported fiscal Q2 earnings. EPS of 42 cents missed estimates by 1 penny, but revenue increased 15.7% to $8 billion. Earnings are being hurt by higher feed costs. Tyson expects feed costs to increase $500 million for the second part of the year. Rivals Sanderson Farms (NASDAQ:SAFM) and Pilgrim’s Pride (NYSE:PPC) also closed lower.
3) Clean Energy Fuels (NASDAQ:CLNE): Although shares closed 1.69% higher on Monday, the stock is giving it all back and then some in late trading. Shares are down 1.73% after the company released Q1 results late Monday. EPS of $-5 cents beat estimates by 4 cents. Compared to last year, revenue increased 67% to $65 million. The company provides natural gas vehicles and stations for transportation. The company continues to expand its business. Republic Waste is committed to ordering 500 more trucks this year, and has also signed a $40 million contract with Dallas Area Rapid Transit. Other natural gas investment ideas include: Chesapeake Energy (NYSE:CHK), Exterran Holdings (NYSE:EXH), US Natural Gas (NYSE:UNG), and Anadarko Petroleum (NYSE:APC).
Disclosure: No positions