As of 1:00pm Eastern Time, Netflix was trading at $109.00 – down 7.15% from Tuesday’s closing price of $117.40 per share. With an annual Earnings Per Share of $4.17, Netflix Inc. currently has a Price to Earnings Ratio of 26.25 with a Market Capitalization of $6.07 billion.

Fall From Glory

Less than a year ago Netflix shares were trading close to $300 on the NASDAQ, but an ill-timed basic subscription price hike in June 2011 resulted in more than a million customers withdrawing their membership privileges. By the end of the 2011 calendar year, Netflix Inc. had lost nearly 80% of its market value; trading at less than $70 per share.

A series of questionable decisions were made during the stock’s 2011 plunge. The initial reason for the basic subscription price increase was to cover costs associated with the company’s DVD Rental business in which customers are sent newly-released titles via mail at a cost of up to $0.75 per disc. Late last year, Netflix announced plans to spin-off its DVD Rental business into a new project called Qwikster, but then suddenly dumped the idea as it continued to deal with its tumbling stock price.

Netflix Inc. CEO Reed Hastings, an executive who once believed the stock would eclipse $500 per share, told investors that the online video streaming giant was the victim of its own “overconfidence” in November. A month later, the Board of Directors announced Hastings would receive $1.5 million less in stock option allowance for his 2012 salary.

Year To Date Gain

Despite all the bad news that plagued Netflix from June-December 2011, its shares have enjoyed an astounding 58% Year To Date gain; making certain investors who got in on the stock in early January a relative percentage-based fortune.

When we look at the company’s Intraday, Year To Date and 1 Year stock charts, we see a contrasting story on how the stock has performed.

Increased Competition

Netflix is also facing increased competition from services such as Amazon and Redbox. Verizon Communications recently teamed up with Redbox owner Coinstar Inc. to maximize the potential of the movie rental kiosks located throughout the United States.

Many consumers are also anxiously awaiting Apple’s iTV, which could be released as early as June of this year. Combine that with cable companies that are finding unique ways to entice customers to remain loyal and it is difficult to foresee Netflix enjoying U.S. market domination as it did from 2009-2011.

Soaring Content Costs

Another issue Netflix faces is soaring content costs. In 2010, the firm spent less than $200 million on content exclusivity contracts with studios in exchange for the rights to stream their movies and shows. In 2012, content costs could reach as high as $2 billion for the giant. Its 2011 exclusive deal with DreamWorks will undoubtedly add high-demand content to Netflix’s site, but the contract will only include newly-released titles.

Positive News

Although the stock has experienced one of the most highly-watched falls from grace in stock market history, there is some positive news for Netflix Inc. For the Fourth Quarter of 2011, customers streamed more than 2 billion hours of video content via Netflix.com.

On top of that, international subscribers from areas such as the UK and Latin America have been increasing on a monthly basis as legalized online video streaming of copyrighted content is introduced into the emerging market mainstream.

Stock Market Updates

Be sure to check back frequently for the latest stock market updates. Here at StockMarketToday.com, we cover Stock Market News, Individual Stocks, Emerging Markets, Precious Metals, Foreign Exchange and much more.

Stock Market Today Summary

• DJIA closed at 12,965.69 +15.82 (0.12%)
• S & P 500 ended the day at 1,362.21 +0.98 (0.07%)
• The NASDAQ lost -3.21 points finishing at 2948.57 (-0.11%)

Stock News Today

Apple Inc (AAPL) Helping keep the Nasdaq near even, shares of Apple Inc closed at 514.85 +12.73 or (2.54%). Just under 10 points off its all time high, Apple is due for its annual share holders meeting on Thursday February 23rd. The only possible weakness that Apple has shown in recent memory, other than the passing of Steve Jobs, is regarding working conditions in its China facilities. Apple has tackled this issue head on though with an attempt at internal review and transparency to the outside media.

Wal-Mart Stores Inc (WMT) Despite positive revenue, tighter margins through the holiday season reduced Wal-mart’s profits for the quarter. The result was the world’s largest retailer retreating to 60.07
-2.41 (-3.86%).

Macy’s Inc (M) Macy’s has managed to overcome lingering effects of a slow US economy and post impressive numbers for 2011 and expects 2012 to be good as well. Macy’s shares saw heavy trading during the days session and investors were rewarded with a modest gain to 36.69
+0.44 (1.21%). Trading a fairly low P/E, Macy’s shares look like a buy compared to smaller competitor J.C. Penney Company. (JCP) due to announce earning at the end of the week.

Stocks to Watch Tomorrow (Wednesday February 22nd)

Dell Inc (DELL) The computer / technology company’s share have been on a charge, gaining nearly 30 percent since September but investors may be giving a bit of that back now that the PC maker has reported earning after today’s closing bell. Dell gained revenues but missed its expected earnings. Shares of DELL were lower by 5% in after hours trading.

Check in with StockmarketToday.com for timely stock market news.

Wynn Shares Rise

Shares for the casino rose 7 percent Tuesday to $121 on the news, which stems from an Official Wynn Resorts Press Release published Sunday. In the release, the company stated that its “Compliance Committee has concluded a year-long investigation after receiving an independent report detailing numerous apparent violations of the U.S. Foreign Corrupt Practices Act (FCPA) by Aruze USA, Inc., its parent company Universal Entertainment Corporation (JASDAQ Code: 6425) and its principal shareholder, Kazuo Okada. Mr. Okada is a Director of Wynn Resorts, Limited, and of Wynn Macau, Limited, a majority-owned subsidiary of the Company.”

Internal Investigation

An internal Wynn Resorts report filed by former United States FBI Director Louis Freeh stated, “Mr. Okada and his associates and companies appear to have engaged in a longstanding practice of making payments and gifts to his two chief gaming regulators at the Philippines Amusement and Gaming Corporation (PAGCOR), who directly oversee and regulated Mr. Okada’s Provisional Licensing Agreement to operate in that country.”

Former Nevada Governor Bob Miller is the current Chairman of the Compliance Committee and added, “The Compliance Committee and the entire Board are deeply disturbed by the behavior of Mr. Okada, and we have fulfilled our obligations to our stockholders, the State of Nevada and the Wynn community. As Directors of a gaming company privileged to hold licenses, we have a duty to uphold the highest ethical standards and comply with the laws and the terms of the licenses upon which our business depends. Unfortunately, it is very clear from the Freeh Report that Mr. Okada repeatedly flouted these requirements.”

After formally ousting Steve Wynn’s longtime business partner, the company announced it had filed a lawsuit against Mr. Okada, Aruze USA, Inc. and Universal Entertainment Corporation in Nevada District Court, Clark County for breach of fiduciary duty and related offenses.

Separate Lawsuit

The lawsuit is in part a reaction to a January 12th filing by Okada in the same District Court, which claims that Steve Wynn acted improperly when expanding his casino empire into the region of Macau – the only Chinese area where gambling is legalized. In the suit, Okada is requesting the release of financial records revolved around his investments into Wynn Resorts over the last ten years; which he claims have eclipsed $380 million.

Investor Sentiment

Tuesday’s stock price surge appears to reflect a strong amount of optimism in investor sentiment; especially considering the high-powered names – a former FBI Director and a former Nevada Governor – involved in the firm’s internal investigation.

Wynn Resorts Limited has a current Earnings Per Share of $4.88 with a dividend yield of 1.66 percent. Its Market Capitalization is $15.08 billion with a Price to Earnings Ratio of 24.71. Below are the Intraday and 2012 Year To Date stock charts for Wynn Resorts.

Dow Jones Reaches 13,000

The Dow Jones Industrial Average (DJIA) briefly surpassed 13,000 points during the morning stock market trading hours Tuesday. As of 1:00pm Eastern Time, the index had retreated slightly to below the important 13,000 psychological barrier but was still trading in positive territory for the session.

Stock Market News

For the latest in Stock Market News, check back frequently here at StockMarketToday.com. We cover market trends, individual stocks, commodities, foreign exchange, emerging markets and much more.

Dow Jones Industrial Average

The Dow Jones index, which is comprised of 30 large capitalization stocks, has improved 6 percent, or 732 points, up to 12,949.87 since its January 2012 opening level of 12,217.56 points. The 3 individual stocks in the Dow that have performed the best so far this year include Bank of America Corp. (BAC – up 44%), Catepillar Inc. (CAT – up 25%) and Microsoft Corp. (MSFT – up 20%).

Only 7 Dow component stocks are in the red for the calendar year, with Verizon Communications Inc. (VZ) suffering the largest Year To Date loss of 4.14 percent. Below is the 2012 Year To Date chart for the Dow Jones Industrial Average index, which shows a 6 percent annual increase.

NASDAQ Composite

The NASDAQ Composite index has experienced the largest YTD surge of the three major U.S. stock market indices. The index, which is comprised of 100 tech stocks, has increased 346 points, or 13.3 percent, to 2,951.78 from its January 2012 open of 2,605.15.

The individual NASDAQ stock which has factored in the most to the index’s gain has been Apple Inc. (AAPL). Since opening in January at $405, the stock has soared 24 percent to $502.12. Below is the 2012 Year To Date chart for the NASDAQ Composite.

S&P 500

The S&P 500 index has also benefited from the broad-based stock market rally; jumping 8.24% to 1,361.23 since its January 2012 opening level of 1,257.60 points. Below is the Year To Date chart for the S&P 500 index.

Market Factors

Despite the impressive gains for the three major indices this year, several global market factors could affect their performance in upcoming months. The current Greek sovereign debt crisis could have an unforeseen impact on markets worldwide if the federal government is unable to secure a new round of bailout loans from central banks in order to stave off a default.

Due to Eurozone jitters over the last few months, the United States has witnessed a massive transfer of assets from overseas into its national coffers. Investor appetite for U.S. sovereign debt – in the form of Treasury notes – is near record highs with bond yields near or below 2 percent on 10-year notes.

Quantitative Easing

Whether or not the United States Federal Reserve decides to implement a third round of quantitative easing – often referred to as QE3 – could also lower or raise expectations for market performance as the central bank looks to ease liquidity needs in several industry divisions.

Further stimulus could provide important funds to a number of struggling economic labor sectors in the United States, but could also result in a high amount of inflation.

Crude Oil Prices

Crude Oil Prices have eclipsed $100 per barrel recently and could continue to rise if ongoing tensions with Iran persist. According to several major news sources, the country has threatened to close down the Strait of Hormuz, where more than 15% of the world’s oil supply passes on a daily basis. The current price per barrel currently stands at $103.61.

Stock Market News

To keep up with the latest stock market news, check back frequently here at StockMarketToday.com.

A week ago, Greek officials approved a new round of austerity measures aimed at reducing Greece’s sovereign expenses. The country may also lay off as many as 15,000 federal employees in 2012.

Payment to Private Creditors

Papademos reportedly told ministers that “a series of additional measures amounting to €125 million in order to complete the package of budget cuts worth €325 million” had been identified. Negotiations between Greece and its private creditors have been ongoing for over a month as the two sides battle for leverage.

In early February, rumors swirled that Greece and its bondholders were close to a deal that would exchange previously issued bonds for new coupons worth approximately half of their face value along with an average interest rate payment of 4 percent. However, the IMF and Germany then began pressuring the creditors to take an additional haircut which would result in close to a 75% loss of original face value. Talks subsequently broke down.

Fears of Default

Fears of default are rampant among some investors who believe Greece will ultimately be forced to refuse payment to its creditors once its options to secure future lending have run their course. Credit ratings agencies have opined that if private creditors are forced to take too much of a discount on the debt they hold – an amount that has been undesignated so far – that Greece would be considered to be in default. The term “in default” is important in that it could trigger Credit Default Swaps once a country officially refuses to pay its sovereign debt.

Rising borrowing costs for fellow EU nations such as Portugal have all but ensured that Greece will not be the only sovereign country facing debt concerns in 2012 and beyond. Despite the 2009 creation of the European Financial Stability Facility, few believe that bailout fund will be able to do much if sovereign debt concerns spread throughout the European Union.

U.S. Treasuries

The United States has benefited from a massive diversion of assets into U.S. Treasury notes as investors seek a perceived “safe haven” for their fiat currencies, commodities, equities and bonds. Ten-year U.S. Treasury yields have been hovering close to 2 percent while yields for many EU nations are closer to 10 percent due to bond purchasers’ demand for higher interest rate payments.

The Bailout Question

Greece has experienced a growing amount of civil unrest including riots and violence as a number of citizens protest austerity measures that its government is implementing in exchange for bailout loans. While some believe that bailouts are the only means for a country to avoid an official default while it seeks to reign-in sovereign spending and increase revenue, others argue that placing financial burdens on future generations of a country’s population is immoral and that the overall debt will only continue to increase.

Stock Market Today News

Our Stock Market coverage continues on Monday, February 20th when the U.S. stock market opens. Here at StockMarketToday.com, we cover daily stock market news along with specific movements of individual stocks and worldwide financial news.

Reminder: The US stock markets are closed Monday, February 20th for Presidents Day.

Tuesday February 21st

• Barnes and Noble Inc. (BKS) The online and traditional book store is posting earnings estimated 0.92. They will be announcing prior to open.
• Dell Inc. (DELL) The computer retailer looks to have a profit around 0.51 per share
• Home Depot (HD) The hardware and building material chain is looking for earnings around 0.42 per share.
• Kraft Foods Inc (KFT) Global food maker is looking for earnings around the 0.57 per share range
• Macy’s Inc (M) My wife and I visited a Macy’s last night. There were lots of sales running and a lot of empty shelves. Shares are expected to post a 1.65 profit.
• Radio Shack Corp (RSH) Prior to the market starting, Radio Shack hopes to make around 0.12 per share.
• Walmart Stores Inc (WMT) The global discount mega store chain is due to announce earnings prior to the bell at 1.45 per share

Wednesday February 22nd

• Boston Beer Co Inc (SAM), the brewer of Sam Adams beer will report earning expected around 1.11 after the market closes.
• Hewlett Packard Co (HPQ) computer system manufacturer hopes to earn a 0.87 profit.

Thursday February 23nd

• Dish Netwrok Corp. (DISH) Looking to earn 0.62 cents per share.

• Target Corp (TGT) The superstore competitor is expected to earn $1.40 per share.

Friday February 24nd

• JC Penney Co Inc (JCP) Before market open on Friday, JCPenney is looking to post earnings around 0.68 per share.

For the latest stock news and earnings check back with StockMarketToday.com.

** These earnings projections come from third party sources. They are not meant to be used as investment advice. StockmarketToday.com is not libel should anyone use this as trading advise. If you need more detailed information contact a professional broker or financial planner.

]]> http://www.stockmarkettoday.com/major-stocks-reporting-earnings-next-week/feed/ 0 http://www.stockmarkettoday.com/mixed-results-in-the-stock-market-today/?utm_source=rss&utm_medium=rss&utm_campaign=mixed-results-in-the-stock-market-today http://www.stockmarkettoday.com/mixed-results-in-the-stock-market-today/#comments Sat, 18 Feb 2012 03:29:52 +0000 Jim Evering http://www.stockmarkettoday.com/?p=685 US markets were mixed today despite continued positive domestic news but all posted gains for the week. Economic indicators released today rose for the fourth consecutive month. In the international finance arena, it appears that a Greece bailout should be solidified Monday. Fortunately, the US markets are closed on Monday, giving an extra cushion should something happen to the talks.

Stock Market Today Summary

• DJIA closed at 12,949.87 +45.79 (0.35%)
• On the New York Stock Exchange, gains outpaced losses by a 2 to 1 margin.
• S & P 500 ended the day at 1,361.23 +3.19 (0.23%)
• The NASDAQ lost -8.07 points finishing at 2951.78 (%0.27)
• Crude Futures closed on a nine month high of $103.24 per barrel

Stock News Today

Brightcove Inc (BCOV) Shares of Brightcove’s Initial Public Offering, priced at $11 per share, shined today after rising 30% in their first day of trading. Shares ended the day at $14.30 per share. Brightcove, headquartered in Massachusetts, is a global online video platform provider.

HJ Heinz Company (HNZ) The Pittsburg based, global food product maker, posted better than expected results and shares climbed $2.37 to close at $54.47 per share, a 4.55% increase for the day. In the press release, Heinz stated that “Emerging Markets were the biggest growth driver in the quarter as they delivered organic sales growth of 19.8% (39.7% reported) and generated more than 20% of the Company’s total sales in the quarter.”

Stocks Market Results for the week of February 13th through the 17th

• All 3 US markets advanced this week.
• For the week the Dow Jones Industrial Average went up 1.2 percent
• The DJIA is just over 50 points from the 13,000 mark. The last time the DOW closed above 13,000 was nearly 4 years ago.
• The Standard and Poors 500 finished up 1.4 percent higher.
• Although it dropped on Friday, the NASDAQ rose the most, posting a 1.7 percent gain for the week.

In observation of Presidents day, The US markets will be closed Monday but check in with StockmarketToday.com for updates through the weekend and holiday.

]]> http://www.stockmarkettoday.com/mixed-results-in-the-stock-market-today/feed/ 0 http://www.stockmarkettoday.com/gm-announces-record-profit-in-stock-market-today/?utm_source=rss&utm_medium=rss&utm_campaign=gm-announces-record-profit-in-stock-market-today http://www.stockmarkettoday.com/gm-announces-record-profit-in-stock-market-today/#comments Fri, 17 Feb 2012 03:28:32 +0000 Jim Evering http://www.stockmarkettoday.com/?p=679 All major US stock markets traded in the positive today based on strong domestic economic numbers released today and growing optimism that a bailout for Greece is only a few days from being finalized. Thursday’s gains erased the losses from Wednesday.

Stock Market Today Summary

• DJIA closed at 12,904.08 +123.13 (0.96%)
• S & P 500 ended the day at 1,358.04 +14.81 (1.10%)
• The NASDAQ gained 44.02 points finishing at 2959.85 (1.51%)

Stock News Today

Apple Inc (AAPL) After a loss on Wednesday, Apple announced the release of its new OS X Mountain Lion and pushed back above 500 points to finish at 502.21, a change of +4.54 (0.91%).

General Motors Co. (GM) announced a record 2011 profit of $7.6 billion, up 62% from the previous year. Not to shabby considering they were in bankruptcy in 2009. Investors reward the company by pushing their stock up +2.24 to $27.17, a agin of nearly 9 percent.

Applied Materials Inc. (AMAT) The global semiconductor equipment provider announced earnings after the bell. The company’s fiscal first-quarter results adjusted to 18 cents a share compared to the 12 cents per share forecasted by analysts. AMAT revenue was also higher than expected. In addition, AMAT anticipates fiscal second quarter earnings to exceed expectations, coming in at 20 to 28 cents per share compared to the forecasted 16 cents a share. Global demand for mobile devices appear to be what is fueling this gain. In after hours trading, Applied Materials’ shares rose +0.74 (+5.60%) to $13.95.

Stocks to Watch Tomorrow (Friday February 17th)

The following stocks are due to announce earning tomorrow:
Campbell Soup Company (CPB) The well know soup maker is due to announce forth quarter earnings prior to the opening bell. CPB earnings are expected to come in at 39 cents per share on revenues of $16 billion.
HJ Heinz Company (HNZ) The global food product maker most know for its ketchup wil release fiscal third quarter results. Profits of 86 cents per share on revenues of 3.08 billion are expected.

Check in with StockmarketToday.com for timely stock market news.

]]> http://www.stockmarkettoday.com/gm-announces-record-profit-in-stock-market-today/feed/ 0 http://www.stockmarkettoday.com/stocks-react-to-economic-data-021612/?utm_source=rss&utm_medium=rss&utm_campaign=stocks-react-to-economic-data-021612 http://www.stockmarkettoday.com/stocks-react-to-economic-data-021612/#comments Thu, 16 Feb 2012 23:41:08 +0000 David Huber http://www.stockmarkettoday.com/?p=670 The U.S. stock market reacted favorably to economic data published early Thursday morning by the U.S. Bureau of Labor Statistics. By the end of the market trading day, the Dow Jones Industrial Average (DJIA) index had gained 123 points, or 0.96%, to 12,904. Meanwhile, the NASDAQ Composite rose 44 points, or 1.5%, to 2,960 and the S&P 500 surged 1.1 percent to 1,358 points by the 4:00pm Eastern Time closing bell Thursday.

Unemployment Numbers

The National Unemployment Report For January 2012 released by the Bureau of Labor Statistics calculated that 8.3% of Americans are currently out of work – a 0.8 percent decrease from August. Non Farm Payroll jobs increased by 243,000 in January according to the Bureau, with widespread growth in the private sector and large employment gains in the areas of professional and business services, leisure and hospitality, and manufacturing.

The report went on to state that the number of unemployed Americans declined to 12.8 million in January. A total of 7.3 U.S. citizens lost jobs or completed temporary jobs in January 2012 while 5.5 million Americans were considered among the Long Term Unemployed; having been out of work for 27 weeks or more. The Employment Population Ratio for the month rose to 58.7 percent with the Civil Labor Force Participation Rate remaining unchanged at 63.7 percent.

Producer Price Index

In a separate report, the Bureau of Labor Statistics published the Producer Price Index for January 2012 showed a 0.1 percent increase in prices. The report stated, “Prices for finished goods declined 0.1 percent in December and moved up 0.2 percent in November. At the earlier stages of processing, the index for intermediate goods fell 0.4 percent in January, and crude goods prices increased 1.5 percent. On an unadjusted basis, the finished goods index advanced 4.1 percent for the 12 months ended January 2012, the smallest year-over-year rise since a 3.6 percent increase in January 2011.”

Moody’s Ratings

Moody’s Ratings Agency reviewed the credit ratings a number of Eurozone financial institutions and sovereign countries earlier in the week, citing growing concern that they will be able to raise sufficient capital to fund expenditures. Monday’s credit rating actions affected 9 countries in all with the following results:

- Austria: outlook on Aaa rating changed to negative
- France: outlook on Aaa rating changed to negative
- Italy: downgraded to A3 from A2, negative outlook
- Malta: downgraded to A3 from A2, negative outlook
- Portugal: downgraded to Ba3 from Ba2, negative outlook
- Slovakia: downgraded to A2 from A1, negative outlook
- Slovenia: downgraded to A2 from A1, negative outlook
- Spain: downgraded to A3 from A1, negative outlook
- United Kingdom: outlook on Aaa rating changed to negative

Stock Charts

Below are the daily charts for the Dow Jones and S&P 500 indices.





Greek Debt

As Greek policy makers continue to renegotiate a schedule March 20th payment of $18 billion to private creditors, many are worried that the sovereign debt crisis will spread throughout the EU and will soon become a major factor in countries such as Portugal; where borrowing costs have soared due to investors’ demand of much higher interest rate payments in exchange for sovereign funding.

European Central Bank

Late last year, the European Central Bank authorized a record €489 emergency fund loan to European banks in hopes those financial institutions would soak up a significant portion of outstanding sovereign debt. However, the banks’ appetite for bond purchasing was lower than some expected, which has caused some in the industry to call for an ECB bailout.

ECB President Mario Draghi has repeatedly stated that the central bank will not extend its sovereign bond purchasing program to bailout struggling EU nations. The ECB also has a current balance sheet of $3.55 trillion in debt; which makes funding of a massive regional loan package questionable.

Check back frequently for the latest Stock Market News here at StockMarketToday.com.

]]> http://www.stockmarkettoday.com/stocks-react-to-economic-data-021612/feed/ 0 http://www.stockmarkettoday.com/apple-stock-sees-some-gravity-in-the-stock-market-today/?utm_source=rss&utm_medium=rss&utm_campaign=apple-stock-sees-some-gravity-in-the-stock-market-today http://www.stockmarkettoday.com/apple-stock-sees-some-gravity-in-the-stock-market-today/#comments Thu, 16 Feb 2012 03:27:55 +0000 Jim Evering http://www.stockmarkettoday.com/?p=638 All major US markets traded in the negative today, one of the worst days of the year so far. The Dow Jones Industrial Average (DJIA) narrowly avoided closing in triple digit losses. Both the Nasdaq and S&P 500 closed down after trading in the positive earlier in the morning. It seems that the continued uncertainty over the Greece austerity measures and pending bailout have weighed on investors today. Although based on the outperformance of the markets year to date a pull back was bound to come.

Stock Market Today Summary

• DJIA closed at 12,780.95 -97.33 (-0.76%)
• Only 5 of the 30 Dow Components narrowly rose (HPQ, IBM, JNJ, PG, TRV)
• S & P 500 ended the day at 1,343.23 -7.27 (-0.54%)
• 9 out of 10 of the Standand and Poors sectors declined.
• The NASDAQ slid 16 points finishing at 2915.83 (0.55%)
• Spot Gold closed down -6.145 to $1,722.13 per ounce.

Stock News Today

Apple Inc (AAPL) The biggest company in the US, after flirting with 530 per share in the morning finally snapped its meteoric rise and closed down -11.79 (-2.31%) at 497.67.

Kellogg Co. (NYSE: K) closed up +2.57 +5.11% to 52.87 on the heels of news that they formalized a deal to purchase the Pringles brand from Proctor and Gamble. Read more detail on the purchase Pringles Purchase.

Comcast Corp. (CMCSA) the leading cable television operator announced that it has authorized a $6.5 billion share buy back. Shares of CMCSA rose 1.27 to $28.52 per share, a 4.66% gain.

Stocks to Watch Tomorrow (Thursday 2/16)

The following stocks are due to announce earning tomorrow:
Duke Energy Corporation (DUK) US Energy Company.
Hyatt (H) International hospitality company.
Molson Coors (TAP) International brewer.
Orbitz (OWW) Online travel portal.
VFC (VFC) The VF Corporation, US based global apparel company.

Stock Market News

Check back frequently for the latest Stock Market News here at StockMarketToday.com. Our articles include updates on individual stocks as well as overall tendencies of major indices such as the Dow Jones, NASDAQ Composite and S&P 500.

Whether you’re looking to get the latest information on the Stock Market, Currency Trading, Emerging Markets, Foreign Exchange, Commodities or Individual Stocks, StockMarketToday.com has you covered.

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