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  • Stocks to Watch Friday | 04/15/11 || GOOG | CBST | ZIP | BAC |

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    Thursday Apr. 14, 2011, 06:29 pm EST
     
    Stocks to Watch on Friday -  GOOG, CBST, ZIP, BAC
     
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    GOOG - Google Inc. (NASDAQ:GOOG)
    Google Inc. (NASDAQ:GOOG) said its net income in the first quarter rose to $2.3 billion, or $7.04 per share, up 17% from a year earlier. Sales rose 27%, to $8.6 billion. Google’s adjusted income of $8.08 was just below the expectations of Wall Street analysts. They had forecast $8.11 cents a share on that basis, according to a survey of analysts by Thomson Reuters. Shares dropped 5% in after hours.

    CBST - Cubist Pharmaceuticals, Inc. (NASDAQ:CBST)
    Cubist Pharmaceuticals, Inc. (NASDAQ:CBST) that develops drugs to treat infections reported first-quarter earnings excluding some items of 55 cents a share, beating the average analyst estimate by 19 percent.


    ZIP- Zipcar Inc (NASDAQ:ZIP)
    Zipcar Inc.(NASDAQ:ZIP) shares opened first day with a blast and closed at $28 per share much higher from an initial price offer of $18 per share. Zipcar operates a car-sharing service in 14 cities and at more than 230 college and university campuses across the U.S. and U.K. It offers self-service cars for use by the hour or by the day, and claims 560,000 members. The company has more than 8,000 vehicles. Future of this company looks bright.
     

    BAC- Bank of America Corporation (NYSE:BAC)
    Bank of America corp. (NYSE:BAC) is scheduled to announce earnings on Friday April 15, 2011. Shares of Bank of America have dropped on earnings day since last 3 quarterly earnings releases. Shares of Bank of America Corp. (NYSE:BAC) also dropped in 5 out of last 6 trading session closing below its 200 day moving average. Looking at the negative stats, its better to stay away from BofA before earnings.
     



    God Bless,
    Be Rich.


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