Diamonds and Dogs
1/15/13
Yelp Inc. (YELP)Yelp investors need help today with shares down 5.92% at $20.67. The online urban city guide allows users to connect with other users to find place to eat, shop, drink, and relax. Yelp saw shares fall after Facebook released a new service that will allow for users to search among friends for restaurants and shops. The new Facebook service, called Graph Search, will be very similar to Yelp however will have the ability to access Facebook's billion users. Investors feel Yelp will have an extremely difficult time competing with Facebook for this type of service. Yelp is still well above its 52-week low of $14.10.
Express Inc. (EXPR)
Express investors are expressing excitement today, with shares up 23.76% at $17.40. The clothing retailer saw shares trade higher after releasing better than expected holiday sales led management to increase fourth-quarter and full year guidance. Express said that it now expects fourth-quarter earnings of 72 cents to 74 cents per share, up from a prior range of 62 cents to 68 cents per share. Furthermore, for the full-year, Express now foresees earnings of $1.56 to $1.59 per share. Its previous guidance called for earnings between $1.47 and $1.53 per share. Express still has around $10.00 to the upside until it hits its 52-week high.
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