Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for July, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- How to Invest in QE's Twilight
- RTI: Fed Keeps QE Pace Unchanged
- ETFs on the Move After Bernanke's Press Conference
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- Your Next Stock Should Be Making New Highs
- AWS 6/19: Will Bernanke Clarify Matters Today?
- PFP 6/19: Investors Bold in Wake of the Fed
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/19/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SONIC FOUNDR | SOFO | 4.40% |
| SUPPORTCOM I | SPRT | 3.75% |
| UNISYS CORP | UIS | 3.31% |
| SHORETEL INC | SHOR | 3.22% |
| GREEN MOUNTA | GMCR | 3.13% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Priceline.com Inc. (PCLN - Analyst Report) announced that it has signed an agreement to buy Kayak Software Corp. for $1.8 billion or $40 per share, in a move to expand its online travel business.
Under the terms of the deal, Priceline will pay $500 million in cash and $1.3 billion in stock. Following the transaction, Kayak shares jumped 27%, while Priceline shares fell about 1.9%, in the extended trading hours. Subject to customary closing conditions and regulatory approval, the buyout is expected to close in the first quarter of 2013.
Based in Concord, Kayak is a leading travel research site that helps consumers to compare prices for airlines, hotels and rental cars from hundreds of websites, including Priceline competitors such as Orbitz Worldwide, Inc. (OWW - Snapshot Report) and Expedia.com (EXPE). The company recently reported its third quarter profit of $8 million, an increase of 14% from the year-ago quarter.
We believe the deal will likely increase Priceline's market share in a weakening economy. Recently, Kayak announced its expansion into Russia and also acquired travel search companies in Germany and Austria. Considering the condition of the global economy and the fact that Priceline has a significant exposure to the European region, the company needs to increase its market share in other regions.
Upon the completion of the deal, Kayak will continue to operate independently as a Priceline Group company. Management also stated that the acquisition will not have any impact on the company’s earnings in 2013.
Priceline.com is one of the leading online travel companies in the world, helping people to shop for travel. We believe that Priceline will continue to invest in the business to push growth and especially to continue its international expansion strategy. Despite a weak macro environment, Priceline reported strong third quarter results with earnings beating the Zacks Consensus by 40 cents (3.5%).
Priceline retains a Zacks #2 Rank, which translates into a short-term Buy rating.
Get the full Analyst Report on PCLN - FREE
Get the full Snapshot Report on OWW - FREE