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Tuesday 18 August 2015
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Active Stocks to Track: Sprint Corporation (NYSE:S), ConocoPhillips (NYSE:COP), Wayfair Inc. (NYSE:W)

On Thursday, Shares of Sprint Corporation (NYSE:S), remained unchanged to $3.88.

The new free Sprint Open WorldSM add-on offers customers free calls and texts to Canada and Mexico with calls starting at just a nickel to Latin America, the Dominican Republic and more than 180 other countries when added to a domestic service plan. For those who like to travel, it boasts free unlimited calls and texts when traveling in Canada, Mexico and more than a dozen Latin American countries without the annoyance of roaming charges.

Sprint Open World comprises 1GB of free data while traveling in these Sprint Open World countries: Mexico, Canada, Dominican Republic, Argentina, Brazil, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Paraguay. The countries coming soon to Sprint Open World are Bolivia, Ecuador, Peru, Uruguay and Venezuela.

Sprint Corporation, through its auxiliaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.

Shares of ConocoPhillips (NYSE:COP), declined -2.79% to $50.10, during its last trading session, as U.S. oil prices tumbled more than 3 percent to a 6-1/2-year low under $42 a barrel on Thursday as data showing a big rise in key U.S. stockpiles intensified worries over a growing global glut, according to Reuters.

A rise in the dollar .DXY, after news of higher U.S. retail sales in July and strengthening employment data, added to the weight on oil. Reuters Reports

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. Its portfolio comprises shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia, and Australia; various international developments; and exploration prospects.

Finally, Wayfair Inc. (NYSE:W), ended its last trade with 9.46% surge, and closed at $53.58, hitting its highest level.

Wayfair stated financial results for its second quarter ended June 30, 2015.

Second Quarter 2015 Financial Highlights

  • Total net revenue raised to $491.8 million, up 66.4% year over year
  • Direct Retail revenue, comprising of sales generated primarily through the sites of Wayfair’s five brands, raised to $440.3 million, up 80.8% year over year
  • Gross profit was $120.8 million or 24.6% of total net revenue, contrast to 23.2% of total net revenue in the same quarter last year and 24.2% in the preceding quarter
  • Adjusted EBITDA was $(5.0) million or (1.0)% of total net revenue
  • GAAP net loss was $19.3 million
  • GAAP basic and diluted net loss per share was $0.23
  • Non-GAAP diluted net loss per share was $0.15
  • Non-GAAP free cash flow was $11.0 million
  • At the end of the Second Quarter, cash, cash equivalents, and short-term and long-term investments totaled $366.7 million.

Wayfair Inc. engages in the e-commerce business in the United States. It offers about seven million home products under various brands. The company’s brands comprise Wayfair.com that focuses on offering home furnishings and décor from low-to high-end and across various styles; Joss & Main, an online flash sales site; AllModern, an online destination for original design for modern home enthusiasts; DwellStudio, an online design studio for modern, fashion-forward home furnishings; and Birch Lane, a destination for classic style home designs.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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