Home > Blog > 3 Up, 3 Down: Week of November 4th

3 Up, 3 Down: Week of November 4th

3 Up, 3 Down- Week of November 4th

By: Miles J. Bronstein


Michael Kors, Inc. (KORS)-The fashionable clothing retailer announced earnings on Tuesday morning and investors were impressed. With a net income of $145.8 million, or 71 cents a share, Kors’ earnings were up 45 percent from just a year ago. As demand for their rogue products surge, the company has added 83 new stores worldwide, since this time last year. Shares were up more than 5 percent for the week, closing at $79.40 per share on Friday.

For more:  http://online.wsj.com/article/PR-CO-20131105-905377.html

CME Group, Inc (CME)- Chicago based financial giant and operator of the Chicago Mercantile Exchange and Chicago Board of Trade, announced earnings Monday morning. The company reported slightly better than expected results, with 75 cents a share or $715 million for the third quarter. CME attributed the boost to an increase in demand for over the counter clearing. Shares were up more than 4 percent for the week.

For more: http://www.chicagotribune.com/business/breaking/chi-cme-group-earnings-20131104,0,7903531.story

Bitcoin-  The volatile and controversial digital currency hit a new high of $340 this week. As many analysts have noted, the price of a single bitcoin is simply unpredictable, as the digital currency has no inherent value. Nevertheless, early investors in bitcoin, which include the likes of Cameron and Tyler Winklevoss, have seen their bets pay off handsomely; their $11 million dollar investment is now worth over $32 million.

For more: http://www.businessinsider.com/bitcoin-over-330-2013-11


Blackberry Inc. (BBRY)-  Shares of the former smartphone giant plunged more than 15 percent this week after the company announced they would no longer seek to be bought and taken private. Instead, the company, formerly known as RIMM, announced the hiring of a new CEO along with the issuance of $1 billion in convertible notes. Just weeks ago, it was reported that Apple and Microsoft were both interested in acquiring Blackberry’s IP patents.

For more:  http://www.reuters.com/article/2013/11/08/us-blackberry-offer-board-idUSBRE9A70Z020131108

Whole Foods Market, Inc. (WFM)-  Share of the natural foods supermarket chain fell throughout the week after it announced earnings on Wednesday and missed revenue expectations for the fourth quarter. Whole Foods reported revenues of $2.98 billion compared to the projections, which expected $3.02 billion. The stock was down more 7.5 percent for the week.

For more: http://www.businessinsider.com/whole-foods-collapses-after-earnings-2013-11

Tesla Motors (TSLA)-  The electric car company’s shares were down close to 15 percent this week, costing CEO Elon Musk more than $1 billion. The stock’s plunge was due to worries about earnings and a report of a second fire, started in the engine of the company’s emblematic model S. The stock has gone as high as $194 a share and as low as $29 this year.

For more: http://www.usatoday.com/story/money/cars/2013/11/08/tesla-stems-bleeding-after-bad-few-days/3479491/

About Miles Bronstein

Miles is NBR's editor-in-chief. Hailing from Englewood, N.J, he enjoys going to the movies, discussing start-ups and eating sushi. He is also referred to as Kilometers.

You may also like
The Five Coolest Business Related Courses at Northwestern this Fall
3 Up, 3 Down: Week of February 17th
3 Up, 3 Down- Week of February 3rd
3 Up, 3 Down- Week of January 20th

Leave a Reply