U.S. stocks sagged to their lowest levels since mid-April after data revealed private employers added 156,000 new jobs last month, well below the 194,000 economists expected. That report comes just days before the Labor Department is scheduled to report the April employment numbers.
The S&P 500 slipped 0.59% while the Dow Jones Industrial Average shed 0.56%. The Nasdaq Composite extended its rough patch by falling 0.79%.
Although it was another bleak day on Wall Street, investors would not know it by looking at Match Group Inc (NASDAQ:MTCH), Petroleo Brasileiro SA Petrobras (NYSE:PBR) And Zillow Group, Inc. (NASDAQ:ZG).
Match Group Inc (MTCH)
Shares of online dating service Match jumped 14.8% on volume that was more than five times the daily average after the company posted better-than-expected quarterly revenue. For its most recently completed quarter, MTCH reported revenue of $285.3 million, beating Wall Street estimates of $281.8 million.
MTCH said its number of paid members rose 36% to 5.1 million in the first quarter, a total that was helped by the purchase of rival PlentyOfFish, according to CNBC.
MTCH shares are still down since the company’s November IPO.
Petroleo Brasileiro SA Petrobras (PBR)
Petroleo Brasileiro, also known as Petrobras, saw its U.S.-listed shares climbed 2% after the company announced additional asset sales. PBR would later acknowledge more pending asset sales than previously disclosed after those sales were revealed by a Brazilian blog, reports Barron’s.
The blog said PBR has four pending divestments but that those sales will not be made public until PBR reveals its first-quarter results next week. Underscoring the fact that today’s bullishness for PBR is stock-specific, PBR shares climbed even when oil prices tumbled.
PBR is Brazil’s state-controlled oil company.
Zillow Group, Inc. (ZG)
Online real estate data provider Zillow Group surged nearly 13% on heavy volume after the company boosted its full-year revenue forecast. For 2016, ZG expects revenue of $830 million, up from earlier guidance of $810 million and Wall Street’s estimate of $806 million.
ZG forecast second-quarter revenue of $203 million to $208 million, well ahead of the $193 million analysts are expecting.
ZG posted first-quarter revenue of $186 million, a 14% increase from last year and ahead of the $177 million analysts expected.
At the time of this writing, Todd Shriber did not own any of the aforementioned securities.
