Wednesday, April 27, 2011

Wednesday’s Stocks to Watch: Amazon, SuccessFactors

Here are a few stocks to keep on your radar: Amazon.com (NASDAQ: AMZN )
shares rose 1.5% after the company beat Wall Streets revenue estimates
but missed first-quarter profit expectations as it spends to ramp up
distribution center build-out and marketing of its Prime service. SuccessFactors
(NASDAQ: SFSF ) tumbled 7.5% despite the company beating first-quarter profit
and revenue estimates and forecasting second-quarter revenue above current
expectations. BMO Capital noted on Wednesday, however, that billings and cash
flow were perhaps a little light for some investors tastes. Broadcom (NASDAQ:
BRCM ) shares shed nearly 11% after its first-quarter earnings report late
Tuesday that included a projection that second-quarter revenue would be below
Wall Streets estimates. Savvis (NASDAQ: SVVS ) rose 8.2% after news that the
company would be acquired by CenturyLink (NYSE: CTL ) in a cash-and-stock deal
worth about $2.5 billion. Buffalo Wild Wings (NASDAQ: BWLD ) slipped 1.4%
despite beating analysts first-quarter profit and revenue expectations.

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