Diamonds and Dogs
EBay (EBAY) trying to break out. The online auction site is up 4% trying to break out of a range following better than expected earnings. Active buyers grew 4% across its platforms, for a total of 180 million global active buyers. Revenue only grew modestly up 2% to $2.64 billion. Benchmark Company upgraded EBay with a $45 price target saying the stock has good risk reward.
AT&T (T) can't get going. The telecom giant is down 4% following earnings. AT&T reported inline earnings as sales rose 17.8% to $44.83 billion. However, the company had dismal trends at DirecTV and a ho-hum performance from its wireless unit. AT&T lost 544,000 traditional DirecTV subscribers in the first quarter, far more than the 322,000 that analysts had been projecting. Not a good trend.
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