Stocks to watch Monday: Groupon, Facebook, Sysco
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By David B. Wilkerson, MarketWatch
CHICAGO (MarketWatch) — Groupon Inc., Facebook Inc., Fusion-io Inc. and Sysco Corp. are among the stocks that could see active trading on Monday.
Shares of Groupon Inc. GRPN +11.88% jumped 12% Friday and could be on the move again in Monday’s action. The daily deals firm is slated to report its second-quarter results on Monday following the closing bell. In a note to clients on Friday, Morgan Stanley analyst Scott Devitt reiterated his bullish overweight rating on Groupon, writing that he expects “an in-line or better quarter” for the company.
Apple to match iPhone discounts
Apple has told retail employees that they may offer discounts of $49 on the iPhone 4S and the iPhone 4 to match discounts from other outlets. Scott Austin reports on Lunch Break.
Netflix Inc. NFLX +3.44% Chief Executive Reed Hastings has acquired $1 million in Facebook Inc. FB +3.79% stock, Facebook disclosed in a Friday Securities and Exchange Commission filing. Hastings, a member of Facebook’s board of directors, revealed that he bought 47,846 shares of Facebook on Wednesday at an average price of $21.03 a share, the filing said.
Fusion-io Inc. FIO +27.78% shares rose 28% Friday. The data-storage company said on Thursday that its revenue in the second quarter rose 82%.
Shares of CareFusion Corp. CFN +7.00% jumped 7% Friday after the company beat forecasts on fourth-quarter earnings and offered a full-year forecast that was ahead of estimates.
Sysco Corp. SYY +0.52% is expected to post fourth-quarter earnings of 54 cents a share on sales of $11.04 billion, according to a poll of analysts taken by FactSet.
David B. Wilkerson is a reporter for MarketWatch in Chicago.
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