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JP Morgan Reports AAPL iPhone/iPad Units
Wednesday, July 20, 2011 - 7:16am | 80JP Morgan has issued a report on the revenue and units from the iPhone and iPad from Apple (NASDAQ: AAPL). According to the report, "Apple (covered by Mark Moskowitz) reported FY3Q11 (ended Jun '11) revenue of US$28.6bn, up 16% QoQ and up 82% YoY. Apple sold 20.3m iPhones in the quarter, up9% QoQ...
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Dell Announces Intent to Acquire Datacenter Networking Leader Force10 Networks
Wednesday, July 20, 2011 - 7:06am | 290Dell (NASDAQ: DELL) today announced it has signed a definitive agreement to acquire Force10 Networks, Inc. Force10's networking capabilities complement Dell's datacenter solutions portfolio, enabling it to offer customers a broader range of enterprise offerings. Dell has taken significant steps...
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Goldman Sachs Reiterates Buy on Apple, Raises PT to $525
Wednesday, July 20, 2011 - 6:51am | 58Goldman Sachs reiterated its Buy rating on Apple (NASDAQ: AAPL). At the same time, the rating agency raised its price target on the company's stock from $485 to $525. On Tuesday, AAPL added 0.82% to its value to finish the day at $376.85. Its shares continued to climb in today's pre-market trading...
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Piper Jaffray Raises PT On Apple To $607
Wednesday, July 20, 2011 - 6:36am | 26Piper Jaffray has raised the price target on Apple (NASDAQ: AAPL) from $554 to $607 and maintains its Overweight rating.
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Business as Usual: Apple Crushes Earnings on iPhone Sales, Shares Hit Record High
Wednesday, July 20, 2011 - 6:24am | 232Apple (NASDAQ: AAPL) shares soared to a new all-time high Tuesday on news that the company posted a record quarterly net profit of $7.31 billion, or $7.79 per diluted share, on sales of its popular iPhone. Apple announced its fiscal 2011 third quarter revenue came in at $28.57 billion, another...
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Bank of America Raises PO On Apple To $515
Wednesday, July 20, 2011 - 6:24am | 27Bank of America has raised the price objective on Apple (NASDAQ: AAPL) from $490 to $515 and maintains its Buy rating.
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US Stock Futures Up After Upbeat Earnings From Apple
Wednesday, July 20, 2011 - 6:22am | 552US stock futures are higher this morning, after strong earnings from Apple Inc (NASDAQ: AAPL). Futures on the Dow Jones Industrial Average surged 37 points to 12,544.00 and futures on the S&P 500 stock index rose 5.20 points to 1,326.40. Nasdaq 100 futures gained 19.25 points to 2,408.25. US...
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Goldman Sachs Raises PT On Apple To $525
Wednesday, July 20, 2011 - 5:55am | 26Goldman Sachs has raised the price target on Apple (NASDAQ: AAPL) from $485 to $525 and maintains its CL-Buy rating.
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Stocks to Watch for Wednesday 7/20/2011: Fresh 52 Week Highs and Lows
Wednesday, July 20, 2011 - 1:51am | 3102Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Apple (NASDAQ: AAPL): Shares of Apple...
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Stocks To Watch For July 20
Wednesday, July 20, 2011 - 1:19am | 261Some of the stocks that may grab investor focus today are: Wall Street expects American Express Company (NYSE: AXP) to report its Q2 EPS at $0.98 on revenue of $7.35 billion. AXP shares gained 0.37% to $52.00 in after-hours trading. Apple Inc (NASDAQ: AAPL) reported upbeat quarterly results....
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Asia Stocks Rise on U.S. Deficit Plan, Apple -Bloomberg
Tuesday, July 19, 2011 - 10:10pm | 57Asian stocks rose Wednesday, with the regional benchmark index set to close at its highest level in a week, on optimism U.S. lawmakers will reach an agreement to cut the budget deficit and after Apple Inc.'s (NASDAQ: AAPL) profit topped estimates, boosting the earnings outlook for exporters.
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Fast Money Picks For July 20th (AAPL, BTU, QEP, FCX)
Tuesday, July 19, 2011 - 7:44pm | 176CNBC Fast Money's Stephen Weiss said on the show that he is bullish on Peabody Energy Corporation (NYSE: BTU). Peabody Energy Corporation (BTU) gained 1.29% on Tuesday, and closed at $60.67. Dan Nathan thinks that you should not buy Apple (NASDAQ: AAPL) at these prices, and suggested that...
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Benzinga's Top ETF Decliners, July 19th (TVIX, SOXS, TYP, AGQ)
Tuesday, July 19, 2011 - 6:51pm | 170VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) fell 9.87% in the regular trading session on Tuesday, and it lost additional 0.96% in the after hours. TVIX closed at $19.81, and it had a volume of 2.43M traded shares. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) dropped 9.63%,...
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Benzinga's Top ETF Gainers, July 19th (SOXL, TYH, ZSL, TQQQ)
Tuesday, July 19, 2011 - 6:39pm | 168Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) led the gainers among the ETFs on Tuesday, with an increase of 9.90%. SOXL closed at $41.08, and it had a volume of 529K traded shares. Direxion Daily Technology Bull 3x Shares (ETF) (NYSE: TYH) jumped 8.12% on the strength in the technology...
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Apple Rocks Investors with Big Sales, Record Quarterly Revenue, and Serious Bragging Rights
Tuesday, July 19, 2011 - 5:18pm | 369Apple (NASDAQ: AAPL) had a lot to celebrate this earnings season with growing sales for the iPhone (up 142%) and iPad (up 183%). The company reported record quarterly revenue of $28.6 billion and record quarterly net profit of $7.31 billion. While sales of the iPod Touch, Classic, Nano and other “...