Grim Holiday Sparks Best Buy Nosedive and Other #Stocks2Watch

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Published January 16, 2014

| FOXBusiness

Grim Holiday Sparks Best Buy Nosedive and Other #Stocks2Watch

#Stocks2Watch: Best Buy Plummets on Grim Holiday

Best Buy shares are plunging 30% after the struggling retailer posted grim holiday results. 

Best Buy [BBY]

FOX Business assignment editor Jessica MacKenzie said she's watching shares of Best Buy, which are plunging 30% in pre-market trading. She writes:

Same store sales dropped almost 1% for December due in part to slower foot traffic during the holidays. Best Buy adds that it chose to keep prices competitive, which pushed costs higher. 

Citigroup [C]

Citigroup snapped the chain of big bank earnings beats. The No. 3 U.S. bank by assets posted weaker-than-expected results on the top and bottom lines. The shares are dropping 3% in pre-market trading. 

BlackRock [BLK]

BlackRock, the world's biggest money manager, unveiled quarterly profits and revenues that topped Wall Street's estimates. The shares are rallying more than 3% in pre-market trading. 

UnitedHealth [UNH]

UnitedHealth posted stronger-than-expected quarterly results and solid enrollment figures. However, shares of the biggest U.S. health insurer are still sliding 2% in the pre-market.

CSX [CSX]

CSX shares are tumbling 6% in pre-market action after the railroad operator posted disappointing quarterly profits. 

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http://www.foxbusiness.com/investing/2014/01/16/grim-holiday-sparks-best-buy-nosedive-and-other-stocks2watch/