This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stocks Gain as Economy, Earnings Strengthen

The DAX in Frankfurt closed up by 0.81% and the FTSE in London settled up 0.57%, as European markets digested the China data and as peripheral bond yields fell.

Gold for April delivery settled down $4.40 at $1,666.90 an ounce at the Comex division of the New York Mercantile Exchange, while March crude oil futures closed off 11 cents at $95.72 a barrel.

The benchmark 10-year Treasury climbed 2/32 to dilute the yield to 1.950%. The dollar was down 0.01%, according to the U.S. dollar index.

In corporate news, LinkedIn (LNKD), the social network geared for professionals, beat Wall Street's earnings expectations. Shares surged 21.3%.

Coinstar (CSTR), which owns the Redbox DVD kiosks, said fourth-quarter profit declined 27% due to poor performance at its new ventures. Shares slid 7%.

U.S. electronics retailer RadioShack ( RSH ) announced that Walgreen ( WAG ) executive Joseph Magnacca has been appointed CEO of the company. Magnacca served as president of Duane Reade from July 2010 to April 2011. Shares gained 10%.

AOL (AOL) said its fourth-quarter revenue grew year-over-year, making for the first quarterly increase in eight years as global advertising revenue rose. Shares popped 7.4%.

Activision Blizzard (ATVI), the maker of video game "Call of Duty," posted fourth-quarter earnings that topped analysts' estimates as revenue jumped 26% to $1.77 billion. Shares jumped 11.2%.

Activision said Thursday it expects first-quarter adjusted earnings of 10 cents a share on revenue of $690 million. Analysts expect earnings of 9 cents a share on revenue of $693.5 million.

Moody's (MCO) posted fourth-quarter earnings that beat expectations by a penny, and better-than-expected revenue. Its full-year outlook also topped estimates, as the rating agency benefited from an increase in global corporate bond issuances.

Still, shares fell 7.7% on concerns that the government might take legal action against Moody's over its mortgage securities ratings after rival Standard & Poor's was accused by the Justice Department of optimistic mortgage-backed securities ratings prior to the financial crisis.

Skullcandy (SKUL) shares tumbled 7% after the audio accessories company said Jeremy Andrus has decided to step down as CEO. The company's founder and former CEO, Rick Alden, will step in as the company's interim CEO.

OpenTable (OPEN) shares rose 7.5% after the online restaurant reservations company beat fourth-quarter earnings estimates as it saw numbers of seated diners grow by 22% from the prior year.

ExOne (XONE) shares surged 13.5%.

Caesars Entertainment (CZR) shares soared 38.1% after New Jersey Gov. Chris Christie indicated a willingness to permit a 10-year trial period for online betting to observe whether it would help bring revenue to Atlantic City casinos. Caesars Entertainment is Atlantic City's biggest casino operator.

-- Written by Andrea Tse and Joe Deaux in New York.

>To contact the writer of this article, click here: Andrea Tse.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs