Published January 16, 2014
EA Shares Rally as Console Sales Soar and Other #Stocks2Watch
#Stocks2Watch: EA Shares Rally, Console Sales Soar
Electronic Arts shares rallied in the pre-market, helped by a report showing console sales surged in December.
Electronic Arts [EA]
Electronic Arts shares are rallying close 6% in the pre-market. A report from NPD Group that console sales surged 50% in December on a year-over-year could have added to the bullish sentiment.
Intel shares are sliding in the pre-market after the chipmaker posted a tepid current-quarter outlook. Investors have worried that the Dow component hasn't done enough to shift its focus away from the slowing PC market and toward mobile devices.
General Electric [GE]
It's been a choppy morning for General Electric shares. The blue-chip conglomerate initially rallied on a revenue beat. However, the shares are pulling back over concerns about GE Capital -- the company's financial arm.
United Parcel Service [UPS]
United Parcel Service sliced its full-year 2013 outlook beneath Wall Street's estimates, saying 'results were negatively impacted by the challenges of the compressed peak season coupled with an unprecedented level of online shopping that included a surge of last-minute orders.'
UPS is seen as an economic bellwether since so many industries rely on the company for shipping packages. The shares are off 4% in pre-market trading.
Fresh on the heels of a price upgrade from Goldman Sachs, analysts at Stifel Nicolaus started the micro-blogging site at a 'buy.'