NEW YORK (CNNMoney) -- Stocks are down across the board as Italy's access to the open debt market becomes more and more questionable. In the sea of red, few stocks are up for the day.
It may surprise some, but one of them is Best Buy (BBY, Fortune 500), which has often been bashed and may be experiencing a slow death because it's losing business to online competitors, namely Amazon (AMZN, Fortune 500). Shares of the electronic retailer advanced more than 3%. Best Buy's recent acquisition of the managed service provider mindShift Technologies has been met positively by the market.
Another stock that is positive for the day is Sodastream International (SODA). The manufacturer of home soda machines reported much better than expected earnings (37 cents vs. 24 cents) and raised guidance for the year due to the rapid expansion of its distribution network into Costco (COST, Fortune 500), Target (TGT, Fortune 500) and Best Buy (BBY, Fortune 500). Its stock gained 4% on the news.
On the other side of the surprise spectrum is General Motors (GM, Fortune 500), whose shares fell 9% after reporting a 15% drop in quarterly net income. The car manufacturer admitted that it's losing positions in all geographic markets except North America.
These are some of the popular themes on StockTwits this Wednesday:
traderstewie $BBY, very impressive action given the market action. Worth watching this one
RaviRomo $BBY $WMT $TGT will lose in long run by selling FIRE because Fire owners will be tied to $AMZN eco system for life. S/t gain, L/T pain.
firstadopter $SODA said on call U.S. consumer buying more new cylinders vs. re-fill which is in soda maker line item 36% y/y last qter to 54% y/y in Q3
bclund Hard to get excited about $SODA today given the drop it's had. But chart looking more constructive http://chart.ly/ngh5773
Retail_Guru Excluding US profit, $GM scored poorly on most metrics: Europe outlook awful; poor cash flow = less balance sheet upside than Ford $F
Fitzstock2004 $GM having problems again........just file bankruptcy again...and re-IPO,,,,why not?,,,,,it is the American dream
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates: