Top Income Stocks To Buy Right Now

Top Income Stocks To Buy Right Now: Xoom Corp (XOOM)

Xoom Corporation (Xoom), incorporated on October 10, 2012, is engaged in online international money transfer service. Its customers use Xoom to send money to family and friends in 30 countries. The Company generates revenue from transaction fees charged to customers and from foreign exchange spreads on transactions where the payout currency is other than United States dollars. In February 2014, Xoom Corp acquired BlueKite, LTD, a technology company that develops solutions and applications.

The Company's solutions are designed to offer customers a convenient, fast and cost-effective way to send money to family and friends at any time, from any Internet-enabled location. The Company's solutions include Origination, Funding, Disbursement and Transaction Processing.

Advisors' Opinion:

• [By John Kell]

  Xoom Corp.(XOOM) swung to a fourth-quarter profit as the international money-transfer provider reported a jump in revenue. But the company’s full-year earnings outlook fell short of Wall Street’s expectations. Shares dropped 13% to $24.46 premarket.

• [By Zacks Investment Research]

  Xoom (XOOM) is also a Zacks Rank #2 (Buy) stock that IPO'ed this year. The stock zoomed higher by a healthy 60% on its first day of trading. The online international money transfer service has been public since February 15 and had an offering price of $16 per share.

source from Top Stocks Blog:http://www.topstocksblog.com/top-income-stocks-to-buy-right-now-2.html