-
6 Stocks Breaking Down
Tuesday, October 19, 2010 - 1:09pm | 130The market is acting like a hired assassin this morning and I for one am not enjoying it the least bit. I was stopped out of a number of positions at the market open, which stinks, but I'll just have to learn from it and move on. I got knocked out of ANN, QQQQ, BRKR, and ITW. Luckily my buy in...
-
A Little Screw You From China To The United States
Tuesday, October 19, 2010 - 11:40am | 377China struck back today, raising interest rates in a surprise action that shocked the world. The real reason behind this was most likely to strike back and the United States officials like Tim Geithner who have been calling more harshly than ever for China to let their currency float against the U....
-
Chasing Value: Oracle Insiders Selling as Stock Hits 52-Week High
Tuesday, October 19, 2010 - 10:48am | 184It was only a month ago I wrote a story comparing Oracle Corp. (NASDAQ: ORCL) and Hewlett Packard (NYSE: HPQ), concluding the latter to be the better opportunity from a value investor's perspective. At the time Oracle was $27.49. Yesterday it closed at a new 52-week high of $29.23 -- a gain of 6.33...
-
IBM's 3rd Quarter, In Depth - Analyst Blog
Tuesday, October 19, 2010 - 10:39am | 1433Tech giant International Business Machines Corp. (IBM) reported third quarter 2010 earnings that beat the Zacks Consensus Estimate. The current quarter profitability was fueled by margin expansion due to a shift to the higher-margin software business, increased sales in emerging and growth...
-
IBM: Buy or Sell After Q3 Earnings?
Tuesday, October 19, 2010 - 10:23am | 110International Business Machines (NYSE: IBM) closed Monday's regular session at $142.83, not far from the 52-week high of $143.03. Unfortunately, the stock was down in the after-hours session that followed: it lost, at the time of this writing, 3.19%, coming in at a quote of $138.28. Not really...
-
iPhone Drives Earnings Upside
Tuesday, October 19, 2010 - 9:52am | 112Apple (NASDAQ: AAPL) reported revs of $20.3B and EPS of $4.64 which beat expectations (vs. Deutsche Bank at $19.2B/$4.10 and Street at $18.7B/$4.02). Upside was driven by strong iPhone results (14.1M vs. Deutsche Bank at 12.5M) with iPad (4.2M vs. Deutsche Bank at 4.0M) and Macs (3.9M vs. Deutsche...
-
Stock Market News for October 19, 2010 - Market News
Tuesday, October 19, 2010 - 9:30am | 1159Citigroup's upbeat earnings report and better-than-expected news from the homebuilding front sent markets higher on Monday. Citigroup's earnings helped push financials up more than 2%. The Dow Jones industrial average added 81 points, or 0.7%, to 11143.69. The tech-heavy Nasdaq Composite index...
-
Apple About To Become The World's Largest Tech Company By Total Sales
Tuesday, October 19, 2010 - 9:25am | 141Skeptics have asked, fairly, why Apple Inc. (NASDAQ: AAPL) should have a larger market capitalization than Hewlett-Packard (NYSE: HPQ), Microsoft (NASDAQ: MSFT), and IBM (NYSE: IBM). The answer is that Apple's growth is much faster and Jobs and his firm are about to reach a point at which the firm...
-
HP Introduces webOS 2.0
Tuesday, October 19, 2010 - 9:18am | 54HP (NYSE: HPQ) today announced HP webOS 2.0. The first device to run webOS 2.0, HP's new Palm Pre 2 smartphone, will be available Friday in France from SFR and is scheduled to be available in the coming months in the United States from Verizon Wireless and in Canada.
-
Apple Losing Strength In Pre-Market (AAPL)
Tuesday, October 19, 2010 - 9:14am | 70Apple Inc. (NASDAQ: AAPL) is losing strength in pre-market trading, after falling after the bell yesterday. Shares had been as high as $308 in pre-market trading, but are now back down to the $303 area. Yesterday Apple reported earnings after the bell that beat expectations, but gross margins and...
-
Apple's 4th Quarter Beat, In Depth - Analyst Blog
Tuesday, October 19, 2010 - 9:06am | 1859Apple Inc. (AAPL) reported stellar fourth quarter 2010 results with highest quarterly revenues and earnings in the company's history, which blew past the bullish Zacks Consensus Estimate. The upbeat quarter results were fueled by strong iPhone sales, record Mac sales, increased iPad sales and...
-
NCR Acquires Mobiqa to Expand Global Mobile Self-Service Platform
Tuesday, October 19, 2010 - 8:50am | 338NCR Corporation (NYSE: NCR) announced today that it has acquired Mobiqa − a global pioneer and market leader in the delivery of mobile optimized content − and provider of tickets, boarding passes, downloadable applications and coupons in the travel, entertainment and retail sectors. Terms were not...
-
Apple's Earnings Beat Comes Mainly From iPhone Strength
Tuesday, October 19, 2010 - 8:40am | 192A recent Oppenheimer report discussed how Apple (NASDAQ: AAPL) delivered a solid 4Q10 beat, but it came almost exclusively on the strength of the iPhone 4. That was disappointing given the almost giddy investor sentiment heading into earnings and Apple's recent history of trouncing expectations on...
-
Benzinga's Top Pre-Market NASDAQ Losers (CWTR, INFN, BKCC, AAPL)
Tuesday, October 19, 2010 - 8:38am | 147Coldwater Creek Inc (NASDAQ: CWTR) dipped 31.53% to $3.67 in the pre-market session. CWTR now projects to post Q3 loss of $0.14-$0.19 per share, as compared to its previous profit projections of $0.01-$0.04 per share. Infinera Corporation (NASDAQ: INFN) lost 27.41% to $8.95 in the pre-market...
-
Apple Down Sharply In Pre-Market (AAPL)
Tuesday, October 19, 2010 - 8:38am | 60Shares of Apple Inc. (NASDAQ: AAPL) are down sharply in pre-market trading, losing $10 to $308, after the Cupertino, Calif.-based company reported strong earnings yesterday after the bell. After the bell yesterday, Apple reported earnings of $4.64 per share, on revenues of $20.34 billion. Analysts...