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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Education & Strategy

President John F. Kennedy, Thanksgiving 1963

This Proclamation by JFK was delivered November 4, 1963. It proclaimed November 28, 1963 as a day of national thanksgiving.

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