In this video from Tuesday's edition of Investor Beat, host Chris Hill and Motley Fool analysts Mike Olsen and Morgan Housel dig into the top business and investing stories from the market today.
Fourth-quarter profits for CVS Caremark (NYSE: CVS ) rose 12% and the company raised guidance for the current quarter. CVS recently announced that it would discontinue cigarette sales this coming October, a move applauded by several media outlets. In its fourth quarter, Sprint (NYSE: S ) lost both money and subscribers, but not as much money and not as many subscribers as Wall Street was expecting. Shares were, counterintuitively, up on the news. Groupon (NASDAQ: GRPN ) shares fell after the daily-deal site announced that the senior VP for product management will leave the company. And Rackspace Hosting (NYSE: RAX ) is closing in on a 52-week low after posting what one media outlet referred to as "exceptionally weak" fourth-quarter results. The CEO of the company is also leaving his position, something that has shaken investor confidence even further. In this segment, the guys discuss four stocks making moves on the market today.
A must-read for any investor in Sprint or its competitors.
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