Market News

July 26, 2013  Fri 7:35 AM CT

Earnings, Sales, Outlook All Strong

Starbucks earned $0.55 a share on sales of $3.74 billion. Analysts had only expected $0.53 and $3.72 billion, respectively. Guidance was also above consensus for the current quarter. SBUX gains 7 percent.

Activision Rallies on Buyback Deal

Activision Blizzard announced it would buy back 429 million shares from Vivendi for $13.60 a share, a nice discount to Thursday's close. An investor group led by CEO Bobby Kotick will also snap up 172 million shares for the same price. ATVI rallies 18 percent on the news.

Expedia Hammered on Weak Results

Expedia's costs are rising, and the stock is cratering! Second-quarter profit totaled just $0.64 a share, well below the $0.79 forecast by the Street. Revenue of $1.21 billion also missed the $1.26 billion estimate. EXPE plummets 23 percent.

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From the AP Archives: If It's Not There...

I have talked at great length about the fact that as an individual investor, you do not have to be in the market at all times.

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