tickerspy’s Top Indexes (CONN, BBY, HGG, BFLY, AMZN, NILE, UMC, TSM, SMI)
Conn’s (CONN) and Best Buy (BBY) are leading the Electronics Retailer Stocks higher today, powered by strong earnings reports. Best Buy reported Q4 earnings of $1.82 a share on $16.55 billion in revenue, beating analyst expectations of EPS of $1.79 on $16.08 in revenue. Smaller retailer Conn’s, meanwhile, far surpassed analyst estimates of earnings of 3 cents a share with EPS of 26 cents for Q4. The other big mover in the sector is hhgregg (HGG), up nearly 8% for the session.
Also getting in on the retail enthusiasm is the Dotcom Retailer Stocks Index, where Bluefly (BFLY), Amazon (AMZN), and Blue Nile (NILE) are all up by over 5%. Online photo service Shutterfly has been the big winner over the last month with gains of close to 30%. Shutterfly was the subject of a positive note on Wednesday from analyst firm Roth, which raised its revenue outlook for the company on data showing improved user traffic to the Shutterfly website.
The Semiconductor Fabricator Stocks Index is moving higher on news of consolidation in the sector. United Microelectronics (UMC) is moving forward with plans to acquire Hejian Technology, according to Digitimes, and Taiwan Semiconductor Manufacturing Company (TSM) is reportedly planning on taking up to a 10% stake in China’s Semiconductor Manufacturing International (SMI). All three stocks are in positive territory, as is smaller Israel-based rival Tower Semiconductor.
For more on these Indexes and the rest of the day’s top performers, visit tickerspy.com.
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