Yahoo! Inc. (NASDAQ:YHOO)‘s Future in the market remains uncertain at the back of massive volume movements while Wal-Mart Stores, Inc. (NYSE:WMT) and LinkedIn Corp (NYSE:LNKD) continue to maintain impressive runs despite underperforming for the better part of the year.
Wal-Mart Stores Inc. (NYSE:WMT) has remained extremely volatile over the past one year, but CNBC’s Guy Adami argues that the stock could be headed to the $80 mark. LinkedIn Corp (NYSE:LNKD) on the other hand has been an underperformer something that is not going well with CNBC’s Dan Nathan especially in a market that has remained bullish for the better part of the year.
Wal-Mart Stores Inc. (NYSE:WMT) prospects going forward remain positive according to Adami especially on news it is teaming up with Green Dot to provide checking accounts to customers.
“You look at Walmart since November this been ridiculously volatile $81 to 73, back to $80 back to $73; way too volatile for the tape that we have seen. I’ll say this I think it is going to push back to $80, so I like Walmart on this news, “said Mr. Adami.
CNBC’s Dan Nathan argues it is not the best of times to hold a position in LinkedIn Corp (NYSE:LNKD) as it has underperformed in a raging bull market despite the fact that the company has reiterated it is going to have an impressive fourth quarter.
Yahoo continues to be’ pounded at the back of the closure of the Alibaba Group Holding Ltd (NYSE:BABA) IPO raising concerns according to CNBC’s Joshua Brown whether a big investor may be trying to offload stocks in the company. Over the past five trading days, the stock has lost almost 10% of its net value at the back of high volume movements a phenomenon that is not common of the stock
“[..] Now there are rumors everywhere there is way too much volume in trading in this name to assume nothing has happened, but who knows? Some people are speculating it is an activist some are saying now it is for sale. I have no idea but this is going to be a really Interesting name to watch, “said Mr. Brown.
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