Apr. 2 - Groupon unnerved investors today after it cut its previously reported fourth-quarter revenue and increased its net loss, blaming higher-than-anticipated refunds on deals.
Daily -- -- group I'm taking it on the chin today saying goodbye to roughly one billion dollars in market cap. All thanks to a net loss for the fourth quarter that was revised lower. My four cents a share right now we've got a stock up more than 11% it is the latest accounting missed that for Andrew Mason and team. The news came out Friday and today the brokerage firms didn't hold back we've got at least four firms that would downgrade. Or price target -- Groupon investors well -- -- getting used to be surprised this. One possible stock moving event you can put in your calendar the company extending the period that restricts underwriters and other insiders from selling. The stock the so called lock up and you expiration date June 1. Let's check out how the markets are doing it may date island Mac group on news and slew of economic -- waiters Ryan at last the week. Has more. US stocks are higher on Monday the first trading day of the second quarter. But the pick up the manufacturing activity viewed as a sign of growth some of the strongest sectors today our energy and materials sheriff's. With the rising crude oil are helping lift those names and investors already -- look ahead to Friday which is a market -- and although will be the release of the nonfarm payroll report. Amid those red arrows it got treasuries -- gains after this morning's. Manufacturing amber. And just people started writing his obituary the bond king is back and as Bill -- stung last year -- big bet against treasuries. What he did pretty well in the first quarter thank you very much this total return fund posted a gain of two point 80%. That's seeing the benchmark. -- all the Wall Street Journal which reported the performance was -- look at mortgage debt that it was a quarter beyond expectations. Now for some stocks to watch we've got cheers 89 movement on up and more than 13% -- on rejecting. Ten billion dollar bid to be bought I beauty company Cody and shares of global payments are off more than 3% -- -- led visa. Drop the credit card processors on the list of approved service providers. -- you win a lottery. Or maybe party got fifty million dollars and asked good news Wells Fargo has. A new day for you added downing and you unit launched today and it will only cater to America's wealthiest. The company's president estimates there about 101000 households in the US that have. Fifty million dollars or more that they're looking to invest in cents. Well announced the new brand last November Abbott Downey has already added five billionaires and thirteen individuals with. Hundred million dollars are more in passable accent. I thought retreating and I'm John Rogers this is right.