Hewlett-Packard Company (HPQ)- The struggling software company announced strong earnings on Tuesday and topped analysts’ expectations. Shares were up more than 8 percent for the week. Just two years ago, Meg Whitman took the helm of the company and is heading the turnaround.
For more: http://www.forbes.com/sites/bruceupbin/2013/11/26/h-p-earnings-come-up-short-revenue-better-than-expected/
Tiffany & Co. (TIF)- The luxury jeweler and retailer topped earnings estimates last week, reporting revenues of $911.5 million. Sales in Asia rose 27 percent while sales in the U.S. climbed a more modest 4 percent. Shares were up close to 10 percent for the week, closing Friday at $89 a share.
For more: http://video.foxbusiness.com/v/2868180818001/tiffany-3q-earnings/
Barnes and Noble (BKS)- Shares of the nation’s largest bookstore plummeted nearly 6 percent on Tuesday after the company posted disappointing earnings. While net-income increased as a result of cost cutting measures, revenue decreased by 8 percent. Most notably, sales of the company’s tablet, the nook, fell 32 percent this quarter; a negative sign in a business attempting to create new sources of revenue as bookstores continue their fall to obsolescence. Nevertheless, in a roller coaster week for the stock, shares rose 8 percent during Friday’s half-day trading session.
For more: http://online.wsj.com/news/articles/SB10001424052702303281504579221802365219832
Bitcoin- The price of the virtual currency plummeted this weekend to as low as $840 a coin. Just this past Thursday, a single bitcoin was priced at $1242 a piece. As of this writing on Sunday evening, the highly volatile virtual “currency” was at $1065. Once almost unanimously skeptical of the virtual currency, investors (especially those in Silicone Valley) seem to have warmed to the idea of an anonymous virtual currency and as a result the price of bitcoins have soared.
For more: http://www.zerohedge.com/news/2013-12-01/bitcoin-plunges-bear-market
Gold- Regarded as a safe haven for capital, Gold has seen its price fall more than 6 percent this month alone. As equity markets soar, many investors are moving their money out of safe havens such as gold and into the more risky, yet rewarding, equity markets.
For more: http://www.theguardian.com/business/2013/dec/01/gold-price-down-as-economies-improve
Tivo Inc. (TIVO)- The company famous for introducing DVR to the television world announced earnings on Tuesday. Despite beating analysts’ revenue expectations by close to $40 million the stock dropped throughout the week, falling 4 percent by Friday.
For more: http://video.foxbusiness.com/v/2870878386001/tivo-3q-earnings-top-estimates/
Photo Credit: Tulane Public Relations