Hot Stocks Worth Adding to Your Watchlist (SFLY, GDP, MUSA, BIIB, HPQ)

Los Angelas, CA -- (SBWIRE) -- 02/06/2013 -- Shutterfly, Inc.(NASDAQ:SFLY) moved up $6.11, or 18.01%, to $39.70 in after-hours trade post the announcement. The company which provides greeting cards, photo books and other personalized products online had a spectacular holiday quarter, with revenue of $351.8 million. This is 33% higher from the prior-year period and also ahead of analysts’ estimates of $309.7 million. Profits of $1.40 a share were much higher than the $1.01 expected.

How Should Investors Trade SFLY After The Recent Volatile Moves? Find Out Here

Goodrich Petroleum Corporation (NYSE:GDP) is rising over 14%; announced the completion of its Crosby 12H-1 (50% WI) well in Wilkinson County, Mississippi. The well is continuing to improve with a current production rate of 1,250 barrels of oil equivalent ("BOE") per day and a 24 hour average rate of 1,130 BOE per day comprised of 1,050 barrels of oil and 469 Mcf of gas, on a 15/64" choke with 2,700 psi. The well, which has approximately 6,700 feet of usable lateral and was fracked with 25 stages, is in the early stage of flowback, with approximately 1% of the frac fluid recovered to date.

How Should Investors Trade GDP Now? Find Out Here

Metals USA Holdings Corp. (NYSE:MUSA) is jumping 15 percent to $20.76 following the news that Reliance Steel & Aluminum (RS) has agreed to buy the company for $20.65 per share in cash.

What Are MUSA’s Charts Signaling For Traders? Find Out Here

Biogen Idec Inc. (NASDAQ:BIIB) is up 5 percent to $165.00. The company has agreed to purchase Elan's interest in TYSABRI for an upfront payment of $3.25 billion plus tiered contingent payments based on future worldwide sales. The company expects this transaction to be immediately accretive to its earnings per share.

Is BIIB Showing Any Sign of Buy At The Current Market Price? Find Out Here

Hewlett-Packard Company (NYSE:HPQ) stock rallied 1.63 percent to $16.87 trading after media reports said the board of directors are studying a break-up of the U.S. technology company among several options to obtain maximum value for shareholders.

Can HPQ Extend Gain? If Yes, How Far It Can Go? Find Out Here

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