This Day On The Street
Continue to site
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

The Market Slips Lower And EBay Falls On Earnings Outlook

NEW YORK, April 19, 2013 /PRNewswire/ --

All three major indexes fell lower on Thursday after a range of companies reported disappointing earnings including eBay. Thursday was the third loss for the major indexes this week. Ebay announced strongly quarterly earnings but revealed a dismal second-quarter outlook causing the stock to close down nearly 6% yesterday.

Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run.     

Pepsico, Inc. (NYSE: PEP) - PEP shares hit a new all-time high of $83.44 on Thursday. The Company's first-quarter earnings beat analyst expectations. Q1 EPS jumped 12% to 77 cents per share, beating analyst estimates by 6 cents. Sales rose 1% to $12.6 billion, above estimates of $12.5 billion.

Many mid or large cap stocks once started off as  Penny stocks!

Catalyst Pharmaceutical Partners Inc. (Nasdaq: CPRX) - CPRX shares saw an unusual breakout on Thursdsay closing up nearly 20% yesterday on tremendous trading volume. Volume traded was nearly 2 million shares compared to an average of about 279,000 shares. The stock closed at $0.56 yesterday and has a 52-week trading range of 0.37 - 2.27. Inc. (Nasdaq: OSTK) - Overstock was one of the biggest gainers on the Nasdaq yesterday. The stock closed up 37% on Thursday after the company announced that 1Q profit blew expectations. The Company's first-quarter net income nearly tripled. Overstock's revenue also increased 19 percent to $312 million from $262.4 million.

Penny stocks    can deliver sky-rocketing returns and are a popular choice among many investors in the market because of how much lower they trade than big cap companies.

Nokia Corporation (NYSE: NOK) - NOK closed down nearly 12% yesterday at $3.16 after the company revealed weak Q1 results with revenue scraping 13-year lows. Nokia reported revenue of 5.85 billion euros, or $7.64 billion in U.S. dollars, down 20% from the year-earlier quarter and missing consensus estimates of 6.5 billion euros. The stock has a 52-week trading range of 1.63 - 4.90.

Apple Inc. (Nasdaq: AAPL) - Apple shares continued to sink on Thursday closing down 10.62%. The stock hit a new 52-week low of $389.74. A report from DigiTimes, a Taiwanese paper known for insight into technology supply chain issues, said that iPad Mini shipments will fall 20% to 30% from the previous quarter. JPMorgan analyst Mark Moskowitz said in a note to investors yesterday that he anticipates Apple's earnings to be beat this quarter.

To find similar research reports that are available for free follow the link below and sign up at    

Disclosure: is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs