eBay climbing on earnings, Orbitz fighting back, Russia ETF slammed by sanctions
Time for your daily dose of trending tickers, the stocks that you're tracking as measured by Yahoo finance ticker searches:
eBay (EBAY): The world's largest online marketplace higher today after topping earnings estimates by a penny. But more important to eBay shareholders was the company missing on its third quarter guidance. CEO John Donahoe has been fighting battles on multiple fronts, from competition coming hard from Amazon.com (AMZN), to security snafus and Google (GOOGL) making changes to its search software negatively affecting links to eBay auctions. eBay is down nearly seven percent this year.
Orbitz (OWW): The Chicago-based online travel site was shellacked earlier today after announcing a secondary offering of 20 million shares, but it is rallying back. Orbitz revealed that Travelport, its largest shareholder, will cut its thirty-seven percent stake in the company by half. Separately Orbitz forecasts $248 million in revenue for the second quarter, topping analyst estimates of $243 million.
The Market Vectors Russia ETF (RSX) is in focus today. The ETF tracks Russian stocks and is getting pummeled by the tune of four percent as the Obama Administration hits Russian companies with sanctions as the fighting gets worse in Ukraine. The new, tougher sanctions target banks and energy companies, much of the Russian defense industry, and individuals who the White House believes are responsible for supporting Ukrainian separatists. With today's move, that Russian ETF is down 11% in 2014.
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