U.S. stocks are in the green amid a recent report of inflation that pushed the stock market to a fifth day of gains. Further, the interest rate of the 10-year bond hit a four-year high.
Shares of TripAdvisor, Inc. (TRIP, Financial) gained about 4% on the heels of the company posting its financial results for the fourth quarter. The company reported an annual net sales growth of 1.6% to $321 million, while its adjusted EPS advanced to .6 cents per share. Moreover, the company managed to beat analysts’ estimates by $8.83 million in revenue. The company cash generation allows it to announce a $250 million share buyback.
Further, Piper Jaffray's Michael Olson raised the price target to $47 from $40 per share and maintained a Neutral rating.
Gainers
· CenturyLink Inc (CTL, Financial)
· Bristol-Myers Squibb Co (BMY, Financial)
· Cisco Systems Inc (CSCO, Financial)
Losers
· NetApp Inc (NTAP, Financial)
· Equinix Inc (EQIX, Financial)
· Cimarex Energy Co (XEC, Financial)
· Qualcomm Inc (QCOM, Financial)
Markets
The main European stock markets closed in positive territory. The U.K.'s FTSE gained 0.29%, France's CAC advanced 1.11%, Germany's Dax gained 0.06% and Spain's Ibex added 0.30%.
In Asia, Japan's Nikkei gained 1.47%, India’s BSE Sensex advanced 0.41%, Hong Kong's Hang Seng added 1.97% and China´s SSE Composite jumped 0.45%.
(Disclosure: The author holds no positions in any stocks mentioned)
