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Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation's banking system and after Greece's leaders failed to agree on a coalition government.
Mark May, analyst with Barclays Capital, told CNBC’s “Squawk on the Street,” that Groupon’s share price pop is just the beginning for the three-year-old company.
Groupon might be up 17% today, but there are a lot of skeptics on the stock, reports CNBC's Seema Mody. Aaron Kessler, Raymond James senior internet analyst, also offers insight on the trending stock; and the FMHR crew share their trades on Amazon after Credit Suisse upgraded the stock to "outperform."
Mark May, Barclays Capital Equity Research analyst, breaks down Groupon's Q1 earnings beat of $0.02 EPS vs. $0.01 estimate, and explains why he has an overweight rating on the stock.
US stock index futures erased their gains to turn negative Tuesday after Greek party leaders failed to agree on a coalition government, trumping earlier euphoria over a batch of better-than-expected economic news.
The "Squawk on the Street" team discusses today's morning headlines, including Groupon reporting better-than-expected earnings, Home Depot's earnings miss and Facebook raising its expected IPO price range.
Take a look at some of Tuesday's morning movers:
Ken Sena, Evercore Partners analyst, weighs in on Groupon's earnings beat and discusses the outlook for the deal-of-the-day website.
Facebook increases IPO range, Groupon beats estimates, Moody’s downgrades Italian banks, Tepper’s Appaloosa files 13F, private equity titan pays record price for Manhattan co-op.
Nearly two-thirds of active stock investors think Facebook is going to be overvalued when it goes public this week, according to the AP-CNBC poll.
Joe Magyer, Senior Analyst, Motley Fool cautions investors not to get too excited over Groupon's Q1 earnings. He says the company still has to deal with management challenges amid a highly competitive landscape.
“I don’t love the story but I do like the stock action,” says trader Guy Adami and price is truth.
CNBC's Julia Boorstin has the latest from Groupon's conference call.
Dissecting the day's major business news, including Citi's warning for the S&P and Groupon's 13% spike, with the Fast Money traders.
Stocks closed sharply lower across the board Monday, with the S&P 500 breaking below the closely-watched 1,340 level, as worries over Greece's potential exit from the euro zone and fears over a slowdown in China kept investors on edge.
Check out which companies are making headlines after-the-bell Monday:
The daily deals site reported quarterly earnings and revenue that beat Wall Street's expectations on Monday, sending its shares higher in extended-hours trading.
Groupon earned $559 million in revenues versus a $531 million estimate. Aaron Kessler, Raymond James, weighs in on the key takeaways from the firm's earnings data.
CNBC's Maria Bartiromo and Julia Boorstin break down the details of Groupon's Q1 earnings data.
Checking the charts on Groupon ahead of the company's earnings data this afternoon, with Abigail Doolittle, Peak Theories Research and Lou Kerner, SecondShares.com.