Zillow TOUTS Housing Comeback and 3 Hot Stocks Making the Rounds
Zynga Inc (NASDAQ:ZNGA) shares plummeted almost 40 percent following its report of second quarter earnings Wednesday. Shares are trading 40.51 percent lower today.
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Zillow Inc (NASDAQ:Z): Real estate analysts and investors have been eager to announce a recovery in the difficult U.S. housing market, and research firm Zillow is the latest one to crow about a comeback. However, other analysts disagree, pointing out that the national 0.2 percent rise in home prices upon which this purported recovery is based is just due to a collection of bubbles in once-devastated markets such as Phoenix. Notable demand in such places as California, Nevada, Arizona and Florida might be erroneously putting price averages higher. Zillow shares are trading 0.99 percent lower today.
Whole Foods Market, Inc. (NASDAQ:WFM): In the face of marketplace struggles encountered by other retailers, Whole Foods reported another impressive earnings quarter yesterday. For its fiscal third quarter, the Austin-based natural foods grocer turned in profit of $116.8 million, or 63 cents per share, a rise of 32 percent from the same quarter last year. Whole Foods Market shares are trading 9.25 percent higher today.
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