Action Alerts PLUS holding Facebook (FB) is up more than 1% on heavy volume Thursday as the company continues to benefit from its stronger-than-expected quarterly earnings results. The company reported $6 billion in total revenue as mobile advertising grew to 84% of the company's overall ad intake. The company reported having 1.13 billion daily active users, with 1.03 billion mobile daily active users -- a 22% year-over-year increase.
Oracle (ORCL) is up 0.3% and NetSuite (N) is up 18.2% this afternoon after the announcement that Oracle will be purchasing NetSuite for $9.3 billion or $109 per share in cash. NetSuite, like Oracle, offers financial accounting and related applications delivered over the Internet, but it has focused more on mid-market companies compared to Oracle's larger enterprise clientele. The addition of NetSuite will allow Oracle to expand its reach into the mid-market clientele and race to catch up to its rivals.
Biopharmaceutical company Eli Lilly (LLY) was falling in afternoon trading Thursday after the company said that it received a civil investigative demand from the U.S. attorney's office for the southern district of New York, requesting information about its contracts with pharmacy benefit managers, or PBMs. A PBM administers drug benefits for employers and health plans. The company said that it is "cooperating with this investigation" in a regulatory filing today.
Shares of Trifecta Stocks holding Boeing (BA) were down 2.2% Thursday after the aircraft manufacturer said that it could end production of its iconic 747 plane, due to falling orders and pricing pressures. "If we are unable to obtain sufficient orders and/or market, production and other risks cannot be mitigated, we could record additional losses that may be material, and it is reasonably possible that we could decide to end production of the 747," the company said in a regulatory filing Wednesday.