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News keeps pouring in to start 2012 for huge companies. Below are stocks that have skyrocketed higher today despite a weak day for markets.
Goldman Sachs has put Canadian yoga outfitter Lululemon Athletica Inc. (NASDAQ:LULU) on its conviction buy list, sparking a 5.8% rise in shares. Analyst Michelle Tan said in a client note that Lululemon’s annual revenue rose more than 30 percent and still has room to go higher as it “fulfills a need in women’s activewear apparel that parallels the need that brands like Nike and Under Armour cater to on the men’s side.”
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TiVo Inc. (NASDAQ:TIVO) has climbed as well, up 9.1% following an announced agreement that AT&T (NYSE:T) will pay the company a total of $164 million in settling their patent-license litigation. “We are extremely pleased to reach an agreement with AT&T, which acknowledges the value of our intellectual property,” said Tom Rogers, CEO and President of TiVo.
Laser-vision surgery chain LCA-Vision Inc.’s (NASDAQ:LCAV) shares soared 27% after a reported 30% climb in fourth-quarter procedures. “Our discussions with industry sources support our belief that we again gained market share during the quarter,” CEO David Thomas said.
To contact the reporter on this story: Brooke Edge at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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