Diamonds and Dogs
The rollercoaster ride for W.W. Grainger (GWW) is pointing higher again. The Illinois-based company that supplies maintenance, repair and operating products is jumping 7% to a five month high following better than expected earnings. The numbers were not great as revenue rose just one percent, but with the stock down 30% since February, investors were not looking for much.
Netflix jumped 4% last night following earnings, but is now down 2% as investors take profits. The company actually missed estimates by 3 cents on in-line revenue. Revenues did rise 30% year over year to $2.98 billion as they added 850,000 new domestic subscribers and 4.5 million subscribers worldwide. The analysts still love Netflix with price targets of $235, $207, $250, and $245.