7 Buzzing Stocks: Home Depot Inks Deal, Google Trying to Rebound and Cell Therapeutics Jumps 3%

Despite closing 2 percent lower, shares of Home Depot Inc. (NYSE:HD) are climbing .20 percent in late market trading.  The company announced it has acquired Redbeacon.com, an online home-services website that pairs homeowners with contractors.  Shares of Lowe’s Companies Inc. (NYSE:LOW) are also trading higher.

Google Inc. (NASDAQ:GOOG) shares are edging slightly higher after the closing bell.  Shares closed down 8.38 percent after reporting disappointing results.  The internet search king reported a 6 percent rise in earnings, but missed Wall Street’s expectations.  Net revenue came in at $8.13 billion — analysts were expecting $8.43 billion.  Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) are also climbing slightly higher.

Investor Insight: Inflation Concerns Remain as Gold and Silver Climb Higher.

After surging 4.4 percent during regular market hours, shares of International Business Machines Co. (NYSE:IBM) are slipping .21 percent in late trading.  The tech giant was responsible for much of the Dow’s (NYSEARCA:DIA) gain on Friday.

Cell Therapeutics Inc. (NASDAQ:CTIC) shares are jumping more than 3 percent late Friday.  The company announced it is expecting the European Medicines Agency’s Committee for Medicinal Products for Human Use to release its opinion in mid-February on the company’s Marketing Authorization application for Pixuvri.

To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com