Market Focus

Jarden 

The consumer products company Jarden is buying the parent company of Jostens, a firm that makes class rings and other memorabilia in a deal worth $1.5 billion. Jostens generates nearly $1 billion a year in revenue. Shares rose a fraction to $51.08.

The Priceline Group & TripAdvisor

Priceline and TripAdvisor are teaming up. The online travel company announced an instant booking partnership with Priceline. Now Tripadvisor users will be able to book through Priceline’s Booking.com. Tripadvisor surged 25 percent to $83.72. Priceline was off 2.5 percent to $1,311.08.

Goldman Sachs 

Goldman Sachs is reportedly the target of an FBI and Justice Department probe. According to the Wall Street Journal, the bank is being investigated for its role as an advisor to a Malaysian state development fund. Shares fell a fraction to $179.51.

J.B. Hunt

Lower fuel costs helped J.B. Hunt post better than expected earnings. The transportation company saw earnings rise as demand grew for moving shipping containers. Shares were more than three percent higher to $75.09.

Xilinx

Xilinx saw its earnings fall in its most recent quarter, but it still managed to beat estimates. Revenue came in short of consensus. Still, shares surged initially after the close. During the regular session the stock was two percent higher to $45.38.

This entry was posted in Market Focus. Bookmark the permalink.

Leave a Reply