NASDAQ Market News

eBay Inc. (NASDAQ:EBAY): The company is scheduled to announce its earnings for the fourth quarter on January 15, 2013. It would be releasing the numbers after the market close.

Chesapeake Energy Corporation (NYSE:CHK): The stock is currently trading at $16.52, down 3.27 percent despite getting thumbs up from JPMorgan Chase. The stock oscillated in the range of $16.37 and $17.13 in the current trading session. It was rated Underweight and its new rating stands at Overweight.

Alcoa Inc. (NYSE:AA): The company started the earnings season by posting healthy financial numbers for its fourth quarter of the year. Its income for the quarter stood at $64 million while its EBITDA was reported at $282 million. However, its revenue fell 2 percent to $5.9 billion.

Cypress Semiconductor Corporation (NASDAQ:CY): The stock is currently trading at $10.05, down 9.05 percent. The stock oscillated in the range of $9.91 and $10.78 in the current trading session.

Nationstar Mortgage Holdings Inc. (NYSE:NSM): The stock is trading at $37.00, up 11.35 percent higher than its previous close. It has traded in the range of $36.61 and $39.40 in the current trading session.

President Barack Obama has said that failure by the United States government to reach an agreement on further raising the nation’s debt ceiling would lead to “catastrophic consequences”. The Democratic president faces the challenge of reaching an agreement with Republican majority in the House of Representatives, with the Unites States Senate currently under Democratic control, but […]

Citigroup Inc. (NYSE:C): The stock has been upgraded by JMP Securities. Its earlier rating stood at Underperform and it now has been elevated to Market Perform.

Hormel Foods Corporation (NYSE:HRL): The company announced that it would purchase Skippy, the No.2 peanut butter brand in the US. The deal is likely to be worth $700 million.

Ratings agency Standard and Poor’s has called for the US government to address its budget problems following a temporary agreement over the “fiscal cliff”. Arguing that “Washington’s governance and policymaking had become less stable” Standard and Poor’s cited recent events as demonstrating that current budget governance was “less stable, less effective and less predictable”. The […]

Giant Interactive Group Inc. (NYSE:GA): The stock trades at low P/E ratio of 6.5 and it appreciated 32.6 percent in past 52 weeks. Giant Interactive Group is involved in the business of developing and marketing online games. It is based out of the Peoples Republic of China.