Nov 30, 2012, 11:11 am EDT
In a retail stock roundup for InvestorPlace two weeks ago, I picked Five Below (NASDAQ:FIVE) as a stock to watch. It came public in July at $17, ran up to $40 and then came back to $29.
Well, now the stock has bounced back to around $35, and it’s up about 18% for the past three days.
Five Below, which sells apparel at $5 or less, posted a blowout earnings report after the close on Thursday. Revenues spiked by 39.9% to $86.6 million, and adjusted earnings came to 3 cents a share. The Street was looking for $83.7 million and earnings per share of 1 cent. Read
Nov 30, 2012, 10:45 am EDT
Just when Zynga’s (NASDAQ:ZNGA) stock was gaining ground, it’s running into yet another setback. The company agreed to terminate its extensive contract with Facebook (NASDAQ:FB). On the news, the shares of Zynga are off 9% in today’s trading.
Effective March 31, Zynga won’t have to use Facebook ad units or payments system on its non-Facebook game sites, such as Zynga.com. And Facebook will no longer be required to provide a minimum level of traffic to Zynga. The social network will even be able to create its own games (although Facebook CEO Mark Zuckerberg has indicated no plans for this).
The contract termination should be no surprise, considering Facebook has been trying to promote other game developers on its platform. Read
Nov 30, 2012, 9:22 am EDT
There’s no question sports network ESPN is the prized possession of media conglomerate Walt Disney (NYSE:DIS). However, given that its value has never been higher, it seems sensible that the people who created Mickey and Goofy at the very least consider the network’s sale.
But who would buy it?
The (Bench) Players
Well, not News Corp (NASDAQ:NWSA), that’s for sure. It just acquired 49% of the Yankees Entertainment and Sports (YES) Network for $1.5 billion with an option to buy another 31% and majority control for $1.6 billion anytime after 2015. The Yankees, Goldman Sachs (NYSE:GS) and the rest of the network’s investors make out like bandits, achieving total returns around 500%. Read
Nov 29, 2012, 3:30 pm EDT
Cloud operator Workday (NYSE:WDAY) has had a doozy of a run since its mid-October IPO; since going public, WDAY shares have clocked a sizzling 90% return.
So even after the company reported an impressive third quarter Wednesday night, it wasn’t too surprising to see the stock cool a little Thursday.
In its most recent quarter, WorkDay it snagged up new customers like DuPont (NYSE:DD), Johnson Controls (NYSE:JCI) and Yale University. The end result? A near-doubling of revenues to $72.6 million! The company also posted a 39-cent loss — better than an expected 49-cent loss. Read
Nov 29, 2012, 1:54 pm EDT
Luxury apparel operator Michael Kors (NYSE:KORS) came public about a year ago at $20 and quickly racked up some nice gains. By the summer, the stock price reached about $53 to $54.
The problem: It seems to be stuck now. But that could be giving investors an opportunity to pick up KORS shares. Let’s see if that’s so.
Michael Kors, who started his company over 30 years ago, is a fashion genius. But he was also smart to bring in a hotshot CEO to run the company, John Idol (who was at the helm of Donna Karan from 1997 to 2001). He has expanded Kors’ distribution footprint with a multi-format strategy, which include collection stores, lifestyle stores and outlet stores. Read
Nov 28, 2012, 1:45 pm EDT
Cloud computing might be one of the most-hyped technologies in 2012, and that’s been reflected a bit in the IPO market, where shares of Workday (NYSE:WDAY) are up 85%, and ServiceNow (NYSE:NOW) has posted a gain of 69% since coming public.
However, a swath of companies haven’t been able to push the needle since their deals — and that provides us a quick lesson about the IPO market.
A look at some of the most notable cloud flops so far this year: Read