by Alyssa Oursler | April 24, 2013 9:04 am
Netflix (NASDAQ:NFLX) posted an earnings beat and streaming growth on Monday. The company also announced a new family plan. All in all, investors liked the news and sent shares upwards to the tune of 24% gains Tuesday. Of course, contributor James Brumley thinks the optimism is overdone.
Apple (NASDAQ:AAPL), which has slid dramatically since September, reported an 18% year-over-year drop in earnings, making for a $9.5 billion profit that came in line with analyst expectations. AAPL also announced plans to raise its dividend and buyback more shares.
Microsoft (NASDAQ:MSFT) jumped last week after the company reported a 19% improvement in earnings, then improved some more when ValueAct Capital revealed a $2 billion stake in the company.
Exxon Mobil (NYSE:XOM) – the largest company in the world by market cap thanks to Apple’s recent fall from grace — reports earnings Thursday. It’s also InvestorPlace‘s Stock of the Week, so we have plenty of other coverage on the oil & gas giant. The main thing to know for now, though, is that Exxon is expected to report a smaller first-quarter profit because of lower natural gas production. You also can take a look at its technicals here.
Caesars Entertainment (NASDAQ:CZR) soared 30% yesterday after it announced plans to split into two companies. The new company will be called Caesars Growth Partners LLC and will have include the web/mobile business, Planet Hollywood in Las Vegas and the Horseshoe Baltimore.
RadioShack (NYSE:RSH) posted its fifth straight quarter of losses, announcing a loss of 43 cents per share — far worse than the 11-cent loss analysts were expecting. Revenue also fell 7%.
For past “6 Stocks in 60 Seconds” clips, go here.
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