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Why Albemarle Corporation (ALB), Electronic Arts Inc. (EA) and World Wrestling Entertainment, Inc. (WWE) Are 3 of Today’s Best Stocks

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Retail stocks plagued the broader market Wednesday, sending indices lower despite rising commodities prices and a weaker dollar. The S&P 500 lost nearly 1%, while the Dow Jones Industrial Average and the Nasdaq Composite each lost slightly more than a percent.

Emerging markets benchmarks rose along with 10-year U.S. Treasurys on a day that saw the S&P 500 post its first loss in four sessions.

Stocks tanked Tuesday, but strong earnings reports sent Albemarle Corporation (NYSE: ALB ), Electronic Arts Inc. (NASDAQ: EA ) and World Wrestling Entertainment, Inc. (NYSE: WWE ) soaring.

Albemarle Corporation (ALB)

Specialty chemicals makers Albemarle jumped 10% on nearly quadruple the average daily volume after the company reported an adjusted first-quarter profit of $1.12 per share , easily beating the 85 cents a share analysts expected ALB to earn.

ALB's revenue for the quarter was $865.4 million, which also easily beat the Wall Street estimate of $811.3 million. The Louisiana-based chemicals company forecast full-year EPS of $3.90 to $4.25 on revenue of $3.3 billion to $3.6 billion.

Electronic Arts (EA)

Shares of game giant Electronic Arts climbed 13.7% on almost seven times the normal turnover after the company posted fiscal fourth-quarter earnings of 50 cents a share. Analysts expected EA to earn 42 cents for the period.

EA's revenue for the quarter was $924 million. Analysts expected EA to report sales of $889 million. For fiscal 2017, EA expects to earn $3.50 a share on sales of $4.9 billion. Analysts are expecting EA to earn $3.50 a share on revenue of $4.83 billion.

Digital net revenues saw an 18% gain from the year-ago period to $712 million on a non-GAAP basis, while packaged-good net sales dropped 28% to $212 million.

World Wrestling Entertainment, Inc. (WWE)

World Wrestling Entertainment gained 3.7% on heavy volume after the company's first-quarter earnings and revenue topped Wall Street estimates. For the first quarter, WWE earned 18 cents a share , up from 13 cents a year earlier. Analysts expected WWE to earn 13 cents per share.

WWE revenue fell to $171.1 million from $176.2 million. Analysts expected WWE to post revenue of $169.8 million.

WWE forecast second-quarter paid subscribers of 1.5 million, up from 1.29 million in the first quarter.

At the time of this writing, Todd Shriber did not any own of the aforementioned securities.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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