Ed Liston

Wellpoint Inc. (NYSE:WLP): The company reported 3 percent increase in its profits for the first quarter of the year. Wellpoint also augmented its forecast for its income in 2013. The company earned $885.2 million in the first quarter of the year, up from $856.5 million it had earned for the corresponding quarter of the year. […]

Walgreen Co. (NYSE:WAG): The stock has seen some healthy insider buying. Stefano Pessina, the company board member, snagged 83,000 of the stock on April 19th. The transaction was undertaken at the average price of $48.62 apiece. The company showed steady performance for its recently concluded quarter.

Overstock.com Inc. (NASDAQ:OSTK): The company reported better than expected quarterly results and consequently received rating upgrades from various research companies. Bank of America raised the company’s rating from Neutral to Buy while increasing the price target from $12 to $20. Similarly, Merrill Lynch also raised the rating from Neutral to Buy for Overstock.com.

Bank of America (NYSE:BAC): The stock is down after announcing its quarterly results. Bank of America reported higher profit for the first quarter as its wealth management and mortgage divisions showed good performance. Its quarterly profit stood at $2.3 billion, up from $328 million it had reported a year earlier. Its earnings per share were […]

Cypress Semiconductor Corporation (NASDAQ:CY): The stock is currently trading at $9.95, down 9.18 percent after the announcement of its disappointing result. The chip manufacturer reported its net loss for the first quarter at $28.2 million, up from its quarterly loss of $19.5 million it had reported for the first quarter of the previous year. On […]

Pep Boys-Manny, Moe & Jack (NYSE:PBY): The company reported higher than expected losses for its fourth quarter. Its fourth quarter loss stood at $14.5 million, up from $4.4 million in loss it had suffered for the corresponding quarter of the previous year. On per share basis, its loss has been reported at 27 cents per […]

CGI Group Inc. (NYSE:GIB): the company received rating upgrade from RBC Capital. The research firm upgraded the stock from Stock Perform to Outperform. It has also been upgraded by Citigroup which increased the rating from Sell to Equal Weight.

JPMorgan Chase & Co. (NYSE:JPM): the banking giant announced higher profit but its revenue declined. It reported 33 percent increase in net income to touch record high net income of $6.53 billion. It had reported its net income at $4.92 billion for the corresponding quarter of the last year. On per share basis, the company’s […]

Pier 1 Imports Inc. (NYSE:PIR): The stock is up despite announcing weaker than expected quarterly results and created its new 52 weeks high price point at $24.19. It reported its fourth quarter earnings at $61.7 million, down $115.2 million it had earned for the corresponding quarter of the last year. On per share basis, its […]

Constellation Brands Inc. (NYSE:STZ): It is currently trading at $48.87, up 0.49 percent. It is trading in the range of $48.45 and $49.12 in the current trading session. The stock is up despite the company’s lower than expected earnings report.