Hot Buzzing Stocks: Smith & Wesson SURGES 19%, Amazon Climbs to New All-Time Highs

Shares of Smith & Wesson (NASDAQ:SWHC) surged more than 19 percent in late trading hours. The gun maker reported that first quarter net income from continuing operations increased to $18.9 million (28 cents per share), compared to $2.3 million (4 cents per share) a year earlier. Revenue also jumped 48 percent to $136 million. Competitor Sturm Ruger (NYSE:RGR) also traded higher on the news.

Amazon.Com (NASDAQ:AMZN) shares continued to climb higher in late afternoon trading, after hitting new all-time highs above $250. The world’s largest online retailer unveiled its new line up of Kindles, including the Kindle Fire HD. The premium tablet features an 8.9-inch screen and will be priced at $299.

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Mattress Firm Holding (NASDAQ:MFRM) shares plunged nearly 14 percent in late afternoon hours. The company announced better-than-expected earnings of 42 cents per share, but missed on revenue. Net sales for the second quarter increased 45.6 percent to $262 million, compared to $179.9 million a year earlier. It also lowered its outlook, disappointing many investors.

Facebook (NASDAQ:FB) shares edged slightly higher after closing 2 percent higher. The social-media giant touched $19 a share after hitting a low of $17.55 earlier this week. Shares have bounced following Mark Zuckerberg’s announcement not to sell any of his Facebook shares when a lockup expires in late October. In fact, he plans on keeping his shares in the company for at least one year.

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