Yahoo stock jumps, Urban Outfitters slumps

September 7, 2011: 1:38 PM ET
Yahoo stock

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NEW YORK (CNNMoney) -- Just when investors' sentiment turned utterly negative and seemingly could not get worse, the stock market rebounded on Wednesday.

Yahoo (YHOO, Fortune 500) shares jumped 6% in early trading on news that CEO Carol Bartz was let go. Investors are hoping that a management overhaul could lead to major structural changes in the Internet pioneer's business strategy and unlock value in the stock. Yahoo's shares are still 60% below their 2007 high.

Nvidia's (NVDA) stock advanced more than 8% after the chipmaker raised revenue guidance for 2013. Nvidia's chips are expected to power Amazon's (AMZN, Fortune 500) tablets. Its shares are still more than 45% below their 52-week high, reached in February this year.

The news is not rosy everywhere. Shares of Urban Outfitters (URBN) are struggling near a 52-week low after the clothing retailer announced a significant slowdown in sales growth in its third quarter and reduced earnings guidance for next quarter. Its stock has lost more than 30% year-to-date.

These are some of the popular themes on StockTwits Wednesday:

stevenplace: $NVDA options board front-running the guidance raise.

firstadopter: Before u get overly excited about $NVDA FY13 guidance, remember same CEO said Zune going to do awesome vs. iPod and Tegra 2 tablets vs. iPad.

Post-Bartz, Yahoo faces familiar problems

SheilaD_TV: $URBN sinks to 52-week low after saying 3Q same store sales are so far "low single-digit" negative. #retailblues

ReformedBroker: What, people aren't buying $30 CBGB T-shirts? $URBN

rohitjenveja: What would you do to fix $YHOO? Personally I'd buy out $DMD and become largest content farm. Throw more display ads on and pray.

ericjackson: Yahoo's core business is essentially a media company, not a technology company. It would make a great fit for any big media company $YHOO.

graubart: $YHOO up 6% after the Bartz firing. If they can fire her every day for next 30 days, could return to its 2007 highs.  To top of page

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