Published February 26, 2014
Dreamworks Results Spark 'Turbo' Selloff and Other #Stocks2Watch
#Stocks2Watch: Dreamworks Results Spark 'Turbo' Selloff
Dreamworks shares came under pressure after its quarterly results ignited a selloff.
Dreamworks Animation (NASDAQ:DWA)
Dreamworks animation posted significantly weaker-than-expected quarterly sales amid write downs related to several factors, including animated movie "Turbo." The shares are tumbling more than 10%.
Target's (NYSE:TGT) quarterly profits dropped sharply as the retailer struggled through a massive data breach. However, the results still topped estimates and the shares are up in volatile trading.
First Solar (NASDAQ:FSLR)
First Solar (NASDAQ:FSLR) revealed weaker-than-expected quarterly profits, and posted a disappointing current-quarter outlook on bumpy sales from solar projects. The shares are taking a beating, recently falling 13%.
Abercrombie & Fitch (NYSE:ANF)
Abercrombie & Fitch (NYSE:ANF) revealed earnings and sales that topped Wall Street's views as the teen retailer benefited from higher demand due to discounts. The shares are rallying 6%.
Tesla (NASDAQ:TSLA) shares raced higher for the second day, following a call by Morgan Stanley that the electric car company has the potential to disrupt other markets beyond the auto industry.