This is the first installment of 3 Up, 3 Down, a quick review of the stocks that made waves in the previous week. 3 Up, 3 Down will appear every Monday.
Tesla Motors (TSLA)
Tesla’s stock jumped over 36% last week after the company reported their first every profit in their 10-year history. Last week’s performance puts Tesla’s stock up nearly 120% on the year.
Barnes & Noble, Inc. (BKS)
Barnes & Noble gained on Thursday with the news that they are breaking into the tablet game. The Nook, Barnes & Noble’s e-reader, will now have access to the Google Play Store, making it nearly a fully functional Android tablet.
Electronic Arts (EA)
Shares of EA surged over 17% on Wednesday after a strong earnings report. This gain propelled the stock to a new 52-week high.
Microsoft Corporation (MSFT)
Microsoft’s stock declined last week after posting a solid year thus far. Microsoft announced that they have agreed to guarantee revenue for ads appearing on Yahoo websites. Also, the EU agreed this week to hear Cisco System’s appeal against Microsoft’s acquisition of Skype Technologies.
McDonald’s Corporation (MCD)
MacDonald’s share price fell after disappointing April sales figures came out. Even though sales were up 0.7% in the US, global revenue fell 0.6% in April.
Cognizant Technology Solutions Corp. (CTSH)
Shares of the outsourcing company fell on Friday after their earnings report left investors wanting.
Photo Credit: Lindsay Pollak