U.S. stock futures are up this morning, in the wake of the ECB raising its key interest rate by 0.25%, to 1.25%.
Investors are getting ready for jobless claims and same-stores sales data. Costco has already released much better-than-expected same-store sales for March which has pushed its stock up over 1% this morning.
In acquisitions, pharma giant SuperGen plans to buy Astex Therapeutics and Goldman Sachs will be buying up the rest of its Australian and New Zealand businesses.
There was a bunch of earnings news out as well. Here is a roundup so far:
- Bed, Bath and Beyond beat earnings estimates and raised its forecast
- Ruby Tuesday earnings came in below expectations
- Pier One beat expectations by $0.01
EARNINGS WATCH: Analysts expect Rite Aid to report a loss of $0.24 per share. Shares were down close to 2% in after-hours trading.
Closing price: $1.06
DENIED REPORT: American Apparel denied a report claiming it was looking for a buyer.
Closing price: $0.80
RAISED FORECAST: Bed Bath and Beyond expects to see per share earnings increase by 10-15% this year after beating earnings estimates. Shares are up over 9% in pre-market trading.
Closing price: $49.39
View more at Business Insider
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See Also:
- 10 Unusual Stocks Attracting Huge Interest This Morning
- 10 Unusual Stocks Attracting Huge Interest Today
- 10 Signs That Caterpillar Is A World-Moving Behemoth
Source: http://feedproxy.google.com/~r/businessinsider/~3/2E9K7ipjXgM/10-unusual-stocks-april-7-2011-4
KINGSTON TECHNOLOGY COMPANY KEY JDS UNIPHASE JDA SOFTWARE GROUP JACK HENRY and ASSOCIATES
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