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  • Stocks in Focus Friday | 10/22/2010 | BIDU | SNDK | AXP | AMZN |

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    Friday Oct. 22, 2010, 08:31 am EST
     
    Stocks to Watch on Friday - BIDU, SNDK, AXP, AMZN
     
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    Stocks in Focus Friday 10/22/2010  are
    BIDU- Baidu.com, Inc. (ADR)
    SNDK- SanDisk Corporation
    AXP- American Express Company
    AMZN- Amazon.com, Inc.
    BIDU - Baidu.com Inc.(NASDAQ:BIDU)
    Goldman Sachs has raised their price target on Baidu (Nasdaq: BIDU) from $105 to $115, after BIDU announced results after the market close. Maintaining the Buy rating on BIDU, Goldman noted that revenues rose 76% year-over-year and EPS was up 109%. Meanwhile, traffic acquisition costs, other costs of revenue, and SG&A increased at a slower pace than revenue.
     
    SNDK-Sandisk Corporation (NASDAQ:SNDK)
    SanDisk Corp (NASDAQ: SNDK) posted its Q3 profit at $1.34 per share, up from $0.99 per share, in the year-earlier quarter. The company's revenue came in at $1.23 billion, as compared to $935.2 million, in the year-ago period. SNDK's shares jumped 6.5% in the pre market.
    AXP- American Express Company (NYSE:AXP)
    American Express Co (NYSE: AXP) reported its Q3 profit at $0.90 per share, up from $0.53 per share, in the year-ago quarter. The company's revenue increased 17% y/y to $7 billion. AXP shares lost 0.5% to $39.95 in pre-market trading.
     


    AMZN- Amazon.com Inc. (NASDAQ:AMZN)
    Amazon.com Inc. (AMZN) fell around 4% in premarket following the company’s operating-margin forecast of 3% to 4.2% for the fourth quarter. Wall Street had been expecting 5%, on average. Third-quarter profit at Amazon rose 16% to $231 million, or 51 cents a share, compared with $199 million, or 45 cents a share, for the same period last year.

     

    God Bless,
    Be Rich.

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