Spotlight Stocks: Washington Mutual, Thornburg, Take-Two
Wednesday's top stories and stocks with potential to move.
Shares of Washington Mutual surged almost 20% yesterday on unconfirmed chatter that either Goldman Sachs (GS) or Warren Buffer may be putting capital into the company.
Yesterday after the bell, Take-Two Interactive Software (TTWO) reported a loss of $38 million, or $0.52 cents per share, compared to analyst estimates of a loss of $0.49 per share.
Thornburg Mortgage (TMA) shares popped more than 100% yesterday on reports the troubled jumbo mortgage lender may be nearing an agreement with its lenders that would not force it into bankruptcy.
Google (GOOG) was up 6.3% yesterday amid the broader market rally and news the E.U. approved its takeover of online advertiser DoubleClick (DCLK).
J. Crew Group (JCG) said fourth quarter net income fell to $0.39 per share from $0.71 a year ago. The company issued profit guidance for 2008 of between $1.85 to 1.87 per share, higher than the $1.84 analysts were expecting.
Immucor (BLUDE) announced it would buy privately-held BioArray Solutions for $117 million. The company said the acquisition would reduce earnings by between 20-23 cents per share this year.
- Asian trading closed with the Hang Seng +1.86%, Nikkei +1.60%, Sensex +0.03%, Taiwan +0.64% and Shanghai -2.30%.
- A quick look towards Europe finds the CAC +1.96%, DAX +1.62%, FTSE +1.84%, ATX +1.93%, Swiss Mkt. +1.62% and Stockholm +2.08%.
- Crude oil is trading higher +0.10 to 108.89 and gold is up +1.00 to 977.00 this morning.
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