Yahoo Finance Stocks we’re watching
*Intel (INTC) is weathering global macroeconomic uncertainties posting a four per cent year-on-year increase in second quarter revenue. The chipmaker's stock value has climbed by five per cent since the start of the year. Though the slowdown in the PC market remains a concern for the semiconductor industry on the whole, the expectation is emerging markets will drive new PC market demand.
*Whole Foods Market Inc. (WFM), an international retailer of natural and organic foods, is growing its market share as other grocers struggle. The company will open 70 new stores in the U.S. in the next two years. Its shares surged 11 per cent to $93.90 in recent after-hours trade and it reported a better-than-expected profit of 63 cents a share in its fiscal third quarter while raising full-year earnings for a second time this year.
*Cornerstone Therapeutics Inc. (CRTX), the specialty pharmaceutical company that focuses on acquiring, developing, and commercializing products has seen its shares rise by 3.60 per cent to $7.20. Though the company experienced a steep decline in earnings per share in the most recent quarter compared to a year ago, the general consensus suggests this trend will reverse itself.
*AuthenTec Inc. (AUTH), provides mobile and network security solutions for enterprise, government, and consumer markets globally. The tech company's shares are up by 15 per cent year-to-date and it reported significant earnings per share improvement in its most recent quarter compared to one year ago.
*RadioShack Corp. (RSH), the iconic consumer electronics retailer, may be in need of new batteries. The retailer's second quarter earnings plummeted by 30 per cent and it reported it would suspend its dividend. RadioShack is currently trading at $2.51, a loss of $1.14 or 31.23 per cent.
