With Friday’s news on the markets playing an overall positive tone – all the indices were pointing toward a close of more than 1 percent, LinkedIn Corporation (NYSE:LNKD) and EOG Resources Inc (NYSE:EOG) are leading the parade of companies that have posted green numbers on the board. Here is a brief recap of the biggest movers on the day.
LinkedIn Corporation (NYSE:LNKD) is leading the green numbers with a 14 percent jump in price Friday to $106.70 after posting better-than-expected quarterly earnings – even better than some lofty estimates – to keep its wave of momentum going as the undisputed leader of social-media stocks. LinkedIn even pushed up its guidance for the rest of the year, which has drawn a Buy rating from Goldman Sachs.
EOG Resources Inc. (NYSE:EOG) has been a quiet large-cap stock, cruising along with a $28 billion market cap, but it has made headlines today with a jump of more than 10 percent to just shy of $106.50 after its quarterly report easily beat estimates as the company starts shifting from natural gas toward oil and other heavy liquid production. Net income was up 34 percent over last year, and volumes increased while prices sank on crude oil (volume up 52 percent, price down 5 percent), natural-gas liquids (volume up 42 percent, price down 35 percent) and natural gas (volume down 1 percent, price down 39 percent).
Teradata Corporation (NYSE:TDC) reported its quarterly earnings Thursday morning, and the stock price is up more than 8 percent today to nearly $73 upon its news that DiGi of Malaysia was expanding its use of Teradata’s data warehousing and analytical database services. That, plus Teradata Corporation (NYSE:TDC) upped its EPS guidance for the year to $2.72-$2.82.
CBS Corporation (NYSE:CBS) is up nearly 6 percent on the day to $35 despite a mixed report on quarterly earnings. Revenue was down 3 percent over the same quarter of 2011, but CBS Corporation (NYSE:CBS) has diversified enough to counterbalance its hemorrhaging traditional ad channel. Operating margin, on the positive side, increased to more than 22 percent from 20.5 percent previously.
Citigroup Inc. (NYSE:C) stock is up about 5 percent on the day to $27.50, but there is no major bottom-line new – only a report that the company hired Robert Plowman to work with his brother on advising consumer companies. Whether that is a signal about some future merger-and-acquisition activity for Citigroup Inc. (NYSE:C) remains to be seen, but the hire seemed to generating positive buzz on the Street.
With LinkedIn (NYSE:LNKD) and EOG Resources (NYSE:EOG) leading the way, Friday is a positive day for the bulls i the markets. It should leave some good feelings for investors over the weekend. This will certainly apply for billionaire Stuart Peterson, who had 3.6 percent of his portfolio invested in LinkedIn (see his portfolio here), and fellow billionaire Curtis Macnguyen, who had almost 3.5 percent of his portfolio in EOG Resources at the end of the first quarter (see Curtis’ stock picks here).