Please ensure Javascript is enabled for purposes of website accessibility

Groupon and BlackBerry are Surging

By Sam Mattera - Feb 25, 2014 at 11:20AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Shares of Groupon and BlackBerry were two of Tuesday's most notable performers, while Intel was underperforming.

The Dow Jones Industrial Average (^DJI -0.06%) was just up 34 points as of 11:30 a.m. EST. Shares of BlackBerry (BB -3.87%) and Groupon (GRPN -7.09%) were surging, while Intel (INTC -0.97%) was one of Dow Jones' worst performers.

Consumers aren't feeling confident
One factor that may have weighed on the Dow Jones early on Tuesday was disappointing consumer confidence data. The Conference Board issued a confidence reading for February of 78.1, down from 79.4 in January and less than economists' consensus estimate of 80.

While it's only one data point, less confident consumers bode poorly for the broader economy -- they may be struggling in the labor market and less likely to spend.

Intel announces new chip
Intel Dow 0.13% drop Tuesday morning came after the company announced a new product. The chipmaker unveiled a new Atom processor on Tuesday that it hopes will power many smartphones and tablets.

Intel has been working to gain a foothold in the mobile space, but remains a token player at best. The new chip, Merrifield, is 64-bit and is capable of powering both Android- and Windows-based tablets.

BlackBerry surges after unveiling new products
Troubled Canadian handset maker Blackberry was up almost 10% on Tuesday after unveiling new smartphones and services.

One of the new phones, the Z3, is a touch-screen phone aimed at Indonesia. The services include BES12, a platform that helps customers develop and deploy enterprise applications for smartphones and tablets.

This nearly double-digit rally follows Monday's equally impressive move. Despite plummeting in 2013, BlackBerry shares are up better than 45% so far this year.

Groupon bounces back
Groupon shares, meanwhile, were posting a nearly as impressive move despite a lack of relevant news. Groupon's newly acquired property, ideeli, launched a redesign of its website, but that shouldn't be significant enough to propel shares more than 8%.

Groupon's rally on Tuesday may have simply been a bounce from last week. Groupon shares fell more than 20% after the company reported earnings. While last quarter was largely in line with what analysts had anticipated, Groupon's guidance was particularly poor, as the company forecast a loss when analysts had been largely expecting a profit.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Dow Jones Industrial Average (Price Return) Stock Quote
Dow Jones Industrial Average (Price Return)
^DJI
$31,860.05 (-0.06%) $-20.19
Intel Corporation Stock Quote
Intel Corporation
INTC
$41.59 (-0.97%) $0.41
Groupon, Inc. Stock Quote
Groupon, Inc.
GRPN
$11.27 (-7.09%) $0.86
BlackBerry Stock Quote
BlackBerry
BB
$5.72 (-3.87%) $0.23

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
334%
 
S&P 500 Returns
117%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.