Week's Winners and Losers: GoPro Aims, Twitter Misses
Hulu -- Winner
Fans of "Seinfeld" won't have to shuffle through DVDs or channel-surf for reruns anymore. Hulu locked up exclusive streaming rights to all 180 episodes of the classic sitcom. It didn't come cheap. Sources tell Variety that Hulu had to pay nearly $1 million for each episode.
However, it does help provide a boost to the fast-growing platform that has seen its subscriber base grow by 50 percent to 9 million since the beginning of last year. Streaming television is a reality, and Hulu is making waves to make sure that it's in consideration for the millennials who are opting for online platforms instead of paying up for costly satellite or cable television plans.
Twitter (TWTR) -- Loser
Some earnings reports are battered and deep fried in a vat of bubbling irony. Twitter was supposed to report quarterly results after Tuesday's market close, but the earnings leaked with nearly an hour to go in the trading day. The report went viral on -- you guessed it -- Twitter, itself.
It was a bad report. User growth is decelerating, revenue growth wasn't impressive, and Twitter's guidance wasn't exciting. The stock took a hit on the news, and at least five Wall Street analysts downgraded the stock following the report.
GoPro (GPRO) -- Winner
The maker of wearable cameras is on a roll. GoPro posted blowout quarterly results, boosting its outlook on strong demand for its Hero4 wearable cameras.
GoPro has been a wild stock for investors. It went public just 11 months ago at $24, more than quadrupling to nearly hit triple digits by October. The market has cooled on the stock given its lofty valuation and improving smartphone cameras, but GoPro is showing that it can still thrive in this environment.
Lumber Liquidators (LL) -- Loser
The world's largest specialty retailer of hardwood flooring took its second big hit of the year after posting unimpressive quarterly results. It posted a surprising loss for the period.
The first shoe to fall at Lumber Liquidators came in March when a scathing "60 Minutes" report challenged the safety and product quality of the chain's China-sourced laminates. It left a mark. Comparable-store sales at Lumber Liquidators declined 1.8 percent since the prior year, but the decline was a brutal 17.8 percent for the month of March.
JetBlue (JBLU) -- Winner
The skies are getting more blue at JetBlue. Analysts at Credit Suisse moved to upgrade shares of the discount carrier, boosting its price target from $21 to $27.
Credit Suisse's rosier outlook emerged after JetBlue posted better than expected quarterly results. Revenue and earnings clocked in ahead of Wall Street expectations. Airlines in general have been holding up well as low jet fuel prices and firm fares combine for strong margins. The industry is ascending, that's for sure.
Motley Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends GoPro, Lumber Liquidators and Twitter. The Motley Fool owns shares of Lumber Liquidators and Twitter. Try any of our Foolish newsletter services free for 30 days. Looking for a winner for your portfolio? Check out The Motley Fool's one great stock to buy for 2015 and beyond.