Liquidity reported a 52% rise in sales for its fiscal Q4 ended Sept. 30, to $122.3 million. It said per-share profit minus items doubled from its 2011 Q4 to 40 cents. Analysts polled by Thomson Reuters were expecting 37 cents on sales of $114.6 million. However the company does anticipate that its recent acquisitions will eat into its bottom line for at least the next year. With that the company predicted its 2013 EPS of $2.05 to $2.23. The midpoint of that range was below the Street's expectations for $2.20. The stock has dropped below its 50-day moving average to levels last seen in February.
If you are interested in getting an idea of how this company looks from a technical standpoint as well as how to identify trading opportunities take our complimentary trading workshop - Click here to register http://goo.gl/yga8r
Synacor Inc. (NASDAQ:SYNC) is another stock which has been catching strong attention as the stock continued to trade higher for the sixth consecutive session on Thursday. The stock has recovered almost 35% from its recent low of $4.50 following a 70% from its new high of $18 (mid July).
Normally this is a technical formation that traders look for to identify stocks that have turned around and are attempting a comeback. In this situation many traders may look for a pull back towards the $5.50 area for support to strengthen the potential argument of the potential for this stock to pop to 6.60.
Understanding the different ways to trade can often be the first step to putting clarity upon a confused or frustrated strategy. To learn more about how to add discipline to you’re investing or trading visit the following link for some free education tools - http://goo.gl/yga8r
Today’s big news is that Zynga Inc(NASDAQ:ZNGA) and Facebook Inc(NASDAQ:FB) have reworked their contract to reduce the intensity of their relationship that.Shares of ZNGA have tumbled 9% in the pre-open session.
In regulatory filings on Thursday both companies disclosed that they would no longer be required to place ads on each other's properties.
To take learn how to identify these key support and resistance areas to help your trade you can get instant access to an online course here https://tv966.infusionsoft.com/go/MSTnow-yh/sl63/
Zynga also said that it will no longer be required to use Facebook as the exclusive social site for its games or grant it exclusive games.
Facebook, while making similar disclosures also added that it can develop its own games after March next year. Its contract with Zynga prohibited it from doing that.
"In addition, effective on March 31, 2013, certain provisions related to web and mobile growth targets and schedules will no longer be applicable and Facebook will no longer be prohibited from developing its own games.
Further, Zynga's right to cross-promote between games on the Facebook web site will be governed by Facebook's standard terms of service," the filing said.
Facebook however was quick to point out that it did not intend to compete with Zynga in its own turf.
About Acorn Wealth Corp:
Acorn Wealth Corp. is an educational company specializing in education surrounding the trading of publicly listed securities. Acorn Wealth Corp. is not a licensed securities dealer in any jurisdiction. This information presented is for educational purposes only and does not constitute an offering of securities, and should not be relied upon for making your investment decisions. The information presented herein was obtained from sources believed to be reliable but is not guaranteed, is not conclusive, and should not be relied upon as the sole source of information/opinion for making an investment decision. Investing in publicly traded securities is highly risky and the securities and strategies discussed herein are not guaranteed or insured, and their value may change due to economic factors and market trends. The information contained in this commentary is not meant to constitute legal, investment, or tax advice. Acorn Wealth Corporation does not offer investment, legal, investment, or tax advice. Past returns and successes displayed herein do not guarantee future results.
Contacts:
Acorn Wealth Corp
Email: [email protected]