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*Priceline and Hewlett-Packard both beat expectations. *Groupon shares tumble after forecasting loss.
Why are stocks advancing with such poor US data? Though not all indices are up, the S&P 500 has a good shot at posting three up weeks.
Some of the names on the move ahead of the open.
*Priceline and Hewlett-Packard both top expectations. *Groupon tumbles in premarket after forecasting loss. NEW YORK, Feb 21- U.S. stock index futures rose on Friday, indicating that a rally that lifted the S&P 500 close to record levels in the previous session could continue, following some strong results from technology companies.
I've been a bull on this stock for six years straight, says Mark Mahaney, RBC Capital Markets, explaining why he thinks the company is one of the "best assets in the Internet space."
Mark Mahaney, RBC Capital Markets, explains why he cut his rating on Groupon. I think they are getting away from the core of where their business should be, says Mahaney.
*Adjusted profit of $8.85 compares with analyst estimate of $8.29. Feb 20- Priceline.com, the online travel agency known for its name-your-own-price auctions, posted a higher-than-expected quarterly profit on Thursday, boosting shares in extended trading.
Even at $1,306, Fast Money trader Guy Adami thinks Priceline is reasonably priced. But Brian Kelly thinks it's too volatile to take the risk.
Check out which companies are making headlines after the bell Thursday:
Stocks drifted higher to close at session highs Thursday, with the S&P nearing its all-time high, as investors seemed to shrug off a mixed bag of economic and earnings reports.
FMHR trader Joe Terranova thinks Priceline.com is well positioned in Europe for the recovery, while Mike Murphy is worried about the stock as it faces high competition.
Even if Thursday's economic data comes up punk, markets may just write it off to bad weather.
District Judge Jane Boyle in Dallas found that the lawsuit, brought by consumers who claimed they paid inflated prices for their rooms, failed to adequately show that such a conspiracy existed.
With more storms coming, traders will be plowing through economic reports for the impact of winter weather on the economy and corporate profits.
The "Fast Money" traders share their final trades of the day.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and sarcastic reflections.
Feb 13- Orbitz Worldwide Inc reported a higher-than-expected quarterly profit on Thursday and said it was making investments to improve its airline-ticket business, sending its heavily shorted shares up 28 percent for their biggest gain since August.
As a heavy snowfall smothered activity around Wall St., traders worried a negative retail sales report contains bigger warnings about the economy.
*Apple leads market higher on buyback boost. *Online travel agencies' shares fly after Expedia results. NEW YORK, Feb 7- U.S. stocks jumped on Friday, giving the S&P 500 its first weekly gain in four as the impact of a weak reading on the labor market was dulled by harsh weather conditions and traders focused on expectations of further economic strength.
*Apple leads market higher on buyback boost. *Online travel agencies' shares jump after Expedia results. NEW YORK, Feb 7- U.S. stocks climbed on Friday, setting the S&P 500 on track for its first weekly gain in four as a weak reading on the labor market was partly blamed on the weather and traders focused on expectations of further economic strength.