Priceline Leads These Stocks to the Top of the S&P 500

The S&P 500 (NYSEARCA:SPY) is up 0.24 percent today and stands at 1,371. These stocks are among today’s leaders.

priceline.com Incorporated (NASDAQ:PCLN): Shares of Priceline are hitting all-time highs following its fourth quarter report that has adjusted earnings per share of $5.37 on revenue of $990.8 million handily beating analyst consensus of $5.06 and $969.3 million. Goldman, Citi and Jefferies all raise price targets as the company’s total bookings jumped 51.8 percent year-to-year to $4.96 billion, amid adverse macro conditions in Europe. PCLN shares recently traded at $633.12, up $41.58, or 7.03%. They have traded in a 52-week range of $411.26 to $597.00. Volume today was 2,240,444 shares versus a 3-month average volume of 828,729 shares. The company’s trailing P/E is 33.58, while trailing earnings are $18.88 per share.

Micron Technology Inc. (NASDAQ:MU): Intel (NASDAQ:INTC) and Micron Technology (NASDAQ:MU) say that they have reached a deal that expands their NAND Flash memory joint venture relationship by improving its flexibility and efficiency. The agreement provides for Micron to supply NAND products to Intel and also for certain joint venture assets to be sold to Micron. Another part of the deal has Intel selling its stake in two wafer factories in exchange for approximately $600 million, which is close to the book value of Intel’s share. Around half of that money will be in cash with the balance deposited with Micron, which may be refunded or applied to Intel’s future purchases under the terms of the deal. Finally, the companies’ successful NAND Flash joint development program will be expanded to include emerging memory technologies. MU shares recently traded at $9.05, up $0.49, or 5.72%. They have traded in a 52-week range of $3.97 to $11.89. Volume today was 52,005,237 shares versus a 3-month average volume of 28,692,200 shares. The company’s trailing earnings are $-0.17 per share.

Netflix, Inc. (NASDAQ:NFLX): Moving more towards focusing on its online streaming focus to TV shows rather than films, Netflix makes moves that seem to counter its own name, perhaps like MTV. On Wednesday, Starz (NASDAQ:LSTZA) content will disappear from the Netflix selection. NFLX shares recently traded at $113.45, up $4.04, or 3.69%. They have traded in a 52-week range of $74.25 to $304.79. Volume today was 4,669,919 shares versus a 3-month average volume of 8,776,920 shares. The company’s trailing P/E is 27.28, while trailing earnings are $4.16 per share.

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To contact the reporter on this story: Mark Lawson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com