Miners, and Yahoo Gains, Retailers Slid on a Dismal Day

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Miners, and Yahoo Gains, Retailers Slid on a Dismal Day
Miners, and Yahoo Gains, Retailers Slid on a Dismal Day

Miners, and Yahoo Gains, Retailers Slid on a Dismal Day

Yahoo stocks opened at 27.60 and reached to their high at 28.01. For some time the value even went down to 27.37, finally settling at 27.90, a miniscule but vital appreciation for so many investors who have been looking for the outcome eagerly. The surge in Yahoo stocks is probability led by the news that its website attracted more visitors in the United States than Google during July.

Yahoo Becomes Numero Uno

Yahoo stocks appreciated as soon as the news came that it surpassed Google as the U.S.’s leading website for the month of July. It is the first time in two years that the company has pushed Google and regained Numero Uno position as nearly 197 million individuals visited Yahoo. The data from ComScore claim that in July whereas Google got 192 million visitors, more than 197 million users visited Yahoo. The last time anything like this happened was May 2011.

GameStop Corp. Stocks Hike after Better 2nd Q and Even Better Expectation the Next Q

Like Yahoo, even GameStop Corp. did well yesterday wherein it opened at 53.95 and touched the lowest at 51.57 at a point; however, surged higher later on to end at 56.08. One of the biggest video game and entertainment software retailers, The GameStop Corporation operates 6,700 retail stores throughout the world.

Hike in stocks’ value seems influenced by its latest second quarter earnings report and better expectations in the third quarter wherein it expects that comparable store sales to range from +11.0% to +15.0%. Diluted earnings per share are expected to range from $0.50 to $0.55. The company admits that based on the strong second quarter results it is expecting better performance the next quarter.

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Mining Companies See a Surge

Cliffs Natural Resources Inc. which opened at 21.67 fell slightly to 21.63; however, regained and ended up at 23.10, it was +1.23‎ (5.80% (for the company). Formerly Cleveland-Cliffs, Cliff Natural Resources Inc., a Cleveland, Ohio business firm that specializes in the mining and beneficiation of iron ore and the mining of coal, got a lift from upbeat global manufacturing data.

Abercrombie & Fitch Plunges

Abercrombie & Fitch plunged 18 percent to $38.53. It opened at 37.00 and even reached 39.05 at a point during trading; however, fell to 36.90 at the end of the trading. It is the biggest drop since November 2011. The fall is attributed to the fact that though analysts had estimated 29 cents earnings, it received 16 cents a share in the 2nd quarter.

To contact the reporter of this story: Jonathan Millet at john@forexminute.com