Diamonds and Dogs
Office Depot Inc. (ODP)
Office Depot is in business today, up 20.71% to $9.21. The office supply store saw its shares pop after news that Staples and Office Depot are discussing a merger. The two companies are discussing a deal that would create one major office-supply chain in the U.S. A deal would create a retail chain with more than $35 billion in revenue and thousands of stores. The FTC previously approved the merger of Office Depot and OfficeMax, the industry's second- and third-biggest chains, in 2013. Shares of Office Depot rallied over $1.50 today to a new 52-week high of $9.32 intraday.
Stratasys Ltd. (SSYS)
Stratasys is getting demolished today, down 29.07% to $56.80. The 3D printing company watched its shares crash and burn after warning that 2014 full year earnings would be lower than expected. Stratasys said Monday night that it expects to report full-year fiscal 2014 revenue in the $748-to-$750 million range, down from the $750 to $770 million range. Furthermore, the company sees an EPS of between $1.97 and $2.03, down from the original $2.25 to $2.35 per-share forecast. Shares of Stratasys fell over $23.00 today and hit a new 52-week low of $51.55.