2012 Stock Predictions and Outlook
|Your one-stop shop for 2012 stock recommendations and market predictions. |
In other corporate news, Athenahealth ( ATHN) shares slumped 8.4% after the business services company reported third-quarter earnings and revenue that missed forecasts. Jefferies cut the stock to underperform from hold. Chipotle Mexican Grill ( CMG), the restaurant operator, reported Thursday below-consensus third-quarter results and said it sees flat to low single-digit same-store sales in 2013. Shares lost15%. Chipmaker Advanced Micro Devices ( AMD) reported a deep third-quarter loss on Thursday, said it plans to cut 15% of its work force, and forecast a sequential decrease in revenue of 9% or so for the fourth quarter. The stock gave back nearly 17%. Oilfield services company Baker Hughes ( BHI ) reported below-consensus earnings and sales. Shares shed 5%. Shares of Honeywell ( HON) gained 1.7% after the diversified technology and manufacturing company beat on the bottom line and missed on the top line.
--Written by Andrea Tse and Joe Deaux in New York. >To contact the writer of this article, click here: Andrea Tse. Follow @Commodity_Bull