Stock Market Watch

Market Update After Hours November 9

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A look at the major indices showed that the day had been sluggish with a downward trend Dow closed at 12,811.32, Down 121.41 (0.94%); NASDAQ at 2,895.58, Down 41.70 (1.42%) and S&P 500 closed at 1,377.51, Down 17.02 (1.22%).

Major news for the day was – Priceline to buy Kayak in $1.8 Billion deal. The transaction, which would be Priceline’s biggest ever, offers $40 a share in cash and stock for Kayak, a 29% premium to its closing price Thursday and 54% higher than its IPO price.

Companies trading higher in after hours after they have posted earnings are : KYAKY +26.8, ZIP +24.8%, PSDV +11.3%, NAVB +8.8%, LGF +8.2%, IGT +7.5%, SQNM +6.6%, MCP +5.8%, ENR +5.7%, AMRN +5.3%, MDRX +4.5%, FLT +1.9%, NVDA +1.2%

Companies trading lower post their earnings results are: GRPN -15.8%, SPRD -10.5%, RNDY -7.1%, PEGA -6.2%, IO -5.6%, UNIS -4.7%, AFFY -4.0%, JAZZ -3.3%, TWER -2.6%, DIS -2.6%, HALO -2.5%,

Groupon Inc. (NASDAQ:GRPN) has missed its expected earnings, posting a flat net income on revenues of $568.6m, instead of the three cents per share on revenue of $590.1m that was expected by analysts. GRPN is currently trading at 3.92 +0.16 (4.26%). Groupon’s IPO priced one year ago at $20.

McDonald’s Corp. MCD -1.99% on Thursday reported the first drop in its monthly same-store sales in nine years.

Also in the news was that superstorm Sandy lopsided the number of U.S. workers applying for jobless benefits last week.

Cannabis Science, Inc. (OTC: CBIS) has seen an acceleration in trading volume in recent weeks, spike related to Colorado and Washington states to legalize recreational use of marijuana. CBIS is up 28.01%.

Kings Arms Yard VCT PLC announced that the Directors have declared a second dividend of GBP0.005 per share for the year ended December 31, 2012.

AMC Networks Inc. (NASDAQ:AMCX) reported better-than-expected third-quarter results.

In another development A123 Systems Inc. (PINK:AONEQ), the bankrupt maker of electric-car batteries that received a $249.1 million federal grant, won permission to sell its assets at a Dec. 6 auction where bidders will include Johnson Controls Inc. (JCI) and Wanxiang Group Co.

Shares of Goodrich Petroleum Corp. (NYSE:GDP) are on decline after it reported an adjusted loss in the third quarter worse than what analysts were expecting.

Zipcar (NASDAQ:ZIP) reported 2012 Q3 Results. Zipcar’s third-quarter profit soared due to higher sales and membership growth. Results topped expectations, sending shares soaring in after-hours trading. Currently at $ 6.04,  +0.04 (0.67%), ZIP operates a car sharing network.

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edliston
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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