CONN'S Getting Boost From Solid Earnings (CONN, BNNY, TAP, BIDU, MRGE)

CONN'S, Inc. (NASDAQ:CONN) shares jumped 15.22% to $19 in the morning hour. The shares of the company is currently trading on an unusual volume of 1.20 million shares, around 5x times its average volume.  The company reported fourth-quarter net income of $7.70 million or $0.24 per share, as compared to a loss of $3.58 million or $0.12 per share last year. Total revenues rose 3.7% to $226.67 million from $218.66 million in the year ago period. Analysts expected the company to report earnings per share of $0.29 on revenues of $221.90 million for the quarter.

Annies Inc (NYSE:BNNY) shares climbed 9.96% to $38.10 in the early trading hour and continued to show momentum trading after the recently listed on NYSE.  The company went public last week on the New York Stock Exchange and gained around 89% in its first trading day, the best first day performance made by a new U.S. stock.

The company raised $95 million from its initial public offering of 5.0 million shares of common stock at a price to the public of $19.00 per share, above the revised range of $16 to $18 per share. The company intends to use the net proceeds to pay $1.3 million in connection with the termination of its advisory services agreement and repay a portion of its indebtedness under its credit facility.

Molson Coors Brewing Company (NYSE:TAP) fell 2.98% to $44.30 on an above average volume of 2.41 million shares. The company signed a deal to buy StarBev LP from private equity CVC Capital Partners for 2.65 billion euros or $3.54 billion. This deal will help Molson to expand its footprint in Europe's emerging markets.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) increased 0.10% to $146.84 in the morning hour. The 52 week trading range for the company is $100.95 - $165.96. Piper Jaffray had last month maintained its Overweight rating and $202 Price target on Baidu.com, citing a significant growth opportunity exists for Baidu, particularly in the SME market. The stock had recently made 7-month highs of over $150 on reports that Apple Inc. (NASDAQ:AAPL) is planning to include Baidu as a search option for Chinese users in a pending iOS update, though as per reports from Next Web, Google (GOOG) will remain the default choice