Diamonds and Dogs
2/8/2013Moody's Corp. (MCO)
Moody's is putting investors in a bad mood today, down 7.73% at $43.36. The credit rating company saw its shares fall on continued worries regarding a lawsuit. Moody's is under investigation by the Department of Justice regarding pre-financial crisis ratings which did not show how bad the companies were actually doing (McGraw-Hill is also under investigation for their ratings). Moody's released great earnings today, where the company beat on both the top and bottom line, however it was not able to overcome the pending lawsuit. Moody's is trading in the middle of its 52-week range.
LinkedIn Corporation (LNKD)
LinkedIn is exploding today, up 21.22% at $150.42. The professional-networking company saw shares skyrocket after easily beating Wall Street's estimates for earnings. For the fourth quarter, LinkedIn announced revenue growth of 81% leading to an EPS of $0.35. The jump in revenue can be attributed to a 39% increase in users (now 202 million users). The company maintained its full-year revenue forecast of $1.4 billion, which equates to a 45% increase over last year. LinkedIn launched past its previous 52-week high of $127.45.