Marketo Makes a Splash: 6 Stocks in 60 Seconds

by Alyssa Oursler | May 22, 2013 7:15 am

Best Buy (BBY[1]) reported earnings before the bell yesterday, and the not-so-hot numbers sent shares roughly 2% into the red. Sales missed expectations by more than $1 billion thanks to a 10% year-over-year decline, while its net loss came to $81 billion. Regardless, BBY still is trading near a 52-week high with 120% YTD gains[2].

Sprint (S[3]) upped its bid for the outstanding 50% stake in Clearwire (CLWR[4]) to around $2.5 billion, or $3.40 per share, giving Clearwire stock a 5% boost by yesterday afternoon.

Next up, Marketo (MKTO[5]) — a provider of cloud-based marketing platforms — went public last Friday at $13[6]. Since then, the company’s share price has almost doubled, nearing $25 and blowing away the gains of last week’s other offerings. But don’t be surprised — cloud-related stocks have been hot for some time now.

Retailer Home Depot (HD[7]) reported solid Q1 earnings yesterday[8], booking an 18% increase in net income thanks to the ongoing housing recovery and subsequent wealth effect. Shares gained 3% as a result, which brings the retailer’s 52-week gains to over 66% — more than double the broader market.

Cruise company Carnival Corp. (CCL[9]), on the other hand, has been moving the opposite direction. It shed around 4% yesterday after lowering its profit forecast[10]. That bad news comes not long after the stock was hammered by the Triumph mishap — dubbed the “poop cruise.” CCL is sitting in the red 8% since January.

Last but not least, the headline of the week was Yahoo‘s (YHOO[11]) purchase of blog site Tumblr. The company has promised not to screw up David Karp’s blogging platform[12], but most folks are skeptical about the acquisition[13].

Check out past “6 Stocks in 60 Seconds” clips here.[14]

For more videos — including exclusive access to full-length interviews and early access to weekly updates  like us on Facebook[15] or follow us on Twitter[16]. As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities. Follow her on Twitter: @alyssaoursler[17].

  1. BBY:
  2. with 120% YTD gains:
  3. S:
  4. CLWR:
  5. MKTO:
  6. went public last Friday at $13:
  7. HD:
  8. reported solid Q1 earnings yesterday:
  9. CCL:
  10. lowering its profit forecast:
  11. YHOO:
  12. promised not to screw up David Karp’s blogging platform:
  13. most folks are skeptical about the acquisition:
  14. Check out past “6 Stocks in 60 Seconds” clips here.:
  15. like us on Facebook:
  16. follow us on Twitter:
  17. @alyssaoursler:

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