Boston, MA 02/07/2014 (wallstreetpr) – Yelp Inc (NYSE:YELP) is proving that it is on the right track to a brighter future. The company managed to narrow losses beyond imagination in the recently released earnings results. Net loss of the most recent quarter was $2.1 million, a significant improvement from loss of $5.3 million in the year ago quarter. As if that was not enough, YELP managed to grow its revenue by 72 percent. Important metrics such as mobile user activity and monthly unique visitors were also incredible. The company stated that monthly unique visitors in the just reported quarter were up 39 percent to 120 million. And of these unique users, 53 million accessed the service on mobile devices, thus reinforcing efforts by the company to monetize its mobile platform. Besides the encouraging quarterly results, Yelp Inc (NYSE:YELP) also issued upbeat outlook for fiscal 2014 whereby it hopes to generate revenue in the range of $353 – $358 million, comfortably ahead of Wall Street estimate of $347.8 million.
Arch Coal Inc (NYSE:ACI) is now rated “neutral” by analysts at Zacks, just as it were in the earlier note to investors. This time around Zacks has planted a price target of $4 on the stock. The new price target signals a potential 2.83 percent upside from the prevailing stock price. The stock closed the previous trading session at $3.89 after losing 3 cents during the day. The stock was seen dancing between $3.79 and $3.99 on Thursday. On average, ACI has a “hold” rating and consensus price target of $5.13. This reflects views from 18 analysts who have lately commented on the stock of Arch Coal Inc (NYSE:ACI).
Altria Group Inc (NYSE:MO): It is common knowledge that tobacco stocks are facing a defining moment in their business life as people become more away of health risks associated with stock, governments banning smoke and alternative substance coming to the market to replace tobacco cigar. In this case, MO and many other tobacco companies have been seen turning attention to the fast-growing electronic cigarette market. Yet, at best, MO is still playing catch up in e-cigarette industry. However, this is a stock that cannot be written of just yet. MO has a track record that few, if any, companies can beat. The company has raised its divided 48 times over the past 44 years, the latest being 9.1 percent hike to quarterly dividend which is now 48 cents per share. That being said, Altria Group Inc (NYSE:MO) can still gain foothold in e-cigar to benefit investors.