2012 Stock Predictions and Outlook
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Whirlpool ( WHR) shares gained 8.7% after the appliance maker hiked its full-year outlook amid the recovering housing market and reported third-quarter earnings that beat expectations and sales that roughly met targets. Coach ( COH) shares surged 7.4% after the luxury goods company booked better-than-expected quarterly profit boosted by stronger international sales and approved the buyback of as much as $1.5 billion in stock by June 2015. Shares of electronics retailer RadioShack ( RSH ) shares wavered early Tuesday, but finished up 7.5% after stumbling on a bigger-than-forecast quarterly loss amid weakening smartphone margins. Shares of United Parcel Service ( UPS) gained 3% after the delivery giant posted third-quarter earnings that matched expectations but revenue that fell short on forecasts. Western Digital ( WDC) shares fell 2.4% after the hard-drive maker provided a fiscal second quarter outlook that were below expectations, as demand softens in a sluggish global economic environment. Texas Instruments ( TXN) delivered weaker-than-expected guidance with its third-quarter results amid ongoing weakness in the semiconductor market. Shares added 0.18%. Yahoo! ( YHOO) delivered strong quarterly numbers Monday evening and CEO Marissa Mayer presided over her first conference call Monday, but once again declined to provide guidance. Shares rose 5.7%.
--Written by Andrea Tse and Joe Deaux in New York. >To contact the writer of this article, click here: Andrea Tse. Follow @Commodity_Bull