Market Minute: Groupon Shares Set to Rally; Tesla Posts Unexpected Profit

Two of the markets hottest stocks are set to rally some more. Those and more are what's in business news Thursday.

The Dow Jones industrial average (^DJI) fell 48 points Wednesday, its third straight loss. The Standard & Poor's 500 (^GPSC) fell 6, and the Nasdaq composite index (^IXIC) dropped 11 points.

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Christoph Soeder/dapd
Shares of Groupon (GRPN) have been a great deal for shareholders this year, and they're about to get even better. The stock has soared 80 percent so far, and after reporting better than expected revenue growth, the online deals site is set to extend its rally. Groupon also named one of its co-CEOs as the sole chief.

And Tesla Motors (TSLA) posted a quarterly operating profit when most analysts were forecasting a loss. Production and sales of its Model S vehicle increased by more than expected. Tesla shares have quadrupled in price this year.

After the close we'll hear from another top performer, Priceline.com (PCLN), which is up 50 percent this year.

But Green Mountain Coffee Roasters (GMCR) is not so hot. Its stock is set to decline after quarterly earnings came in short of expectations.

JPMorgan Chase (JPM) says it is the subject of federal civil and criminal probes for alleged violations of securities laws. The case is tied to the bank's offer of sub-prime mortgage securities prior to the financial crisis. The company has raised its reserve for potential losses.

Apple (AAPL) has won a round in its patent skirmish with Google's (GOOG) Mobility unit. A federal appeals court says the U.S. International Trade Commission erred when it threw out Apple's claim, which had to do with its technology for smartphone touch-screens. The case now goes back to the ITC for a new hearing.

A key measure of sales at warehouse retailer Costco (COST) rose 4 percent last month, but that was a bit weaker than expected.

During the past week, the Washington Post and the Boston Globe have been sold. That's sparked rumors about the New York Times, but the family that owns the paper says it isn't for sale.

-Produced by Drew Trachtenberg.

9 PHOTOS
Apps That Manage Your Money For You
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Market Minute: Groupon Shares Set to Rally; Tesla Posts Unexpected Profit

Mint made the Mac App Store's Best of 2012 list for a reason. This simple, clean app shows how much you are spending in each category of your budget by monitoring all of your transactions. We love signing in and getting a quick, dirty rundown of where our money has gone over the last week, and using their personalized budget tools to stay on track. We highly recommend adjusting your budgets for summer months. You might spend less on transportation when the weather is nice, and chances are you could use that extra cash to flesh out that restaurant tab, right?


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This is the all-in-one financial organizer. Manage all of your accounts, from credit cards to magazine subscriptions, in one place and even make custom accounts for your rent or cleaning service. Get reminders for bill payments, and monitor all of your travel reward points, too. You'll always know what you owe, how much money you have and can plan for upcoming bills and expenses without having to sift through tons of paperwork.


Price: Free


Available for Apple and Android devices.

If you want to isolate the expense tracker function of Mint in a super simple day-to-day app, then DailyCost is a great buy. A wide variety of categories lets users input all of their daily expenses. Holding your phone horizontally, you will be able to see graphs and statistics on your spending. The app also tracks your weekly and monthly spending by category and can be backed up to iCloud for Mac users, so you'll never lose your data.


Price: $1.99


Available for Apple only.

If you're a heavy traveler, Toshl is an excellent expense and budget tracker. It works with any currency and lets you separate your travel budget from your day-to-day expenses. It comes with all the trappings of a regular money management app, too, such as bill organizer and alerts, and can be synced across all your devices.


Price: Free


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Next time you organize a group activity, Tricount will split up the expenses for you. Create the expense report on your phone and organize by person, how much they owe, and then share via email so everyone knows their share. With options for expenses, balance, share, and configuration, the app does all of the math for you.


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Available for Apple and Android devices.

Never miss a bill payment again. This app reminds you when your payments are due, and lets you pay on the spot from a bank account or credit card, or you can schedule a payment for the future. Connect all of your accounts to the encrypted app and then view them all in one place for easy access and payment options. You'll never overdraft or miss a payment again.


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Available on Apple and Android devices.

Make and share payments with friends. This app uses the same technology to pay as LivingSocial, Uber and Airbnb. Pay with your debit card or transfer funds from a linked bank account, right to a friend's Venmo account. It is Verisign Certified.


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Available on Apple and Android devices.

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