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Benzinga's Top Pre-Market Losers
Thursday, August 25, 2011 - 7:00am | 127Applied Materials Inc (NASDAQ: AMAT) fell 4.40% to $10.86 in the pre-market trading. AMAT projects Q4 sales to be down in the range of 15% to 30% from the third quarter. Apple Inc (NASDAQ: AAPL) dipped 2.70% to $366.01 in the pre-market session. Apple announced the resignation of its Chief...
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Piper Jaffray Discusses Steve Jobs' Resignation
Thursday, August 25, 2011 - 6:51am | 152Piper Jaffray is out with a research report on Apple (NASDAQ: AAPL) following the resignation of Steve Jobs. It has an Overweight rating and a $607 price target. In a note to clients, Piper Jaffray writes, "On August 24, 2011, Steve Jobs announced his resignation as Apple's CEO, indicating that...
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Financial Breakfast for August 25, 2011
Thursday, August 25, 2011 - 6:47am | 609This is your Benzinga news summary and traders' outlook for Thursday, August 25, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading slightly higher. At last check, Dow futures are up about 25 points and...
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Morgan Stanley Reiterates Overweight On Apple
Thursday, August 25, 2011 - 6:44am | 99Morgan Stanley is out with a research report on Apple (NASDAQ: AAPL) and is reiterating its Overweight rating and $468 price target. In a note to clients, Morgan Stanley writes, "Well timed and planned leadership transition. We view Apple's announced CEO transition as well timed given upcoming new...
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Oppenheimer Has Outperform On Apple
Thursday, August 25, 2011 - 6:42am | 169Oppenheimer & Co. is out with a research report on Apple (NASDAQ: AAPL) after Steve Jobs resigned and is keeping its Outperform rating and $460 price target. In a note to clients, Oppenheimer & Co. writes, "In a brief letter to Apple's board and Apple community, Steve Jobs announced his...
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A Peek Into The Market Before The Trading Starts
Thursday, August 25, 2011 - 6:32am | 427Pre-open movers US stock futures are mixed this morning, as investors are awaiting jobless claims data. Shares of Apple Inc (NASDAQ: AAPL) dropped about 2.6% in pre-market trading following the resignation of Chief Executive Officer Steve Jobs. Futures for the Dow Jones Industrial Average gained 23...
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FBN Lowers PT on Apple To $530
Thursday, August 25, 2011 - 6:20am | 26FBN Securities has lowered the price target on Apple (NASDAQ: AAPL) from $550 to $530 and maintains its Outperform rating.
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US Stock Futures Slightly Down Ahead Of Jobless Claims Data; Apple Shares Drop In Pre-Market
Thursday, August 25, 2011 - 5:29am | 544US stock futures are slightly lower this morning, as investors are awaiting jobless claims data. Shares of Apple Inc (NASDAQ: AAPL) dropped about 4.5% in pre-market trading following the resignation of Chief Executive Officer Steve Jobs. Futures for the Dow Jones Industrial Average dropped 12...
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Gadget Fans Pay Homage to the Tenure of Steve Jobs
Thursday, August 25, 2011 - 5:23am | 248Technology websites, blogs, and social media networks exploded in conversation Wednesday night, as it was announced by Steve Jobs that he would step down as the CEO of Apple (NASDAQ: AAPL). In a note to the Board and the Apple community yesterday, Jobs wrote that "I have always said if there ever...
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Top 4 Stocks In The Diversified Computer Systems Industry With The Highest ROE
Thursday, August 25, 2011 - 3:29am | 140Below are the top diversified computer systems stocks on the NYSE, the NASDAQ and the AMEX in terms of return on equity. The trailing-twelve-month return on equity at International Business Machines Corp (NYSE: IBM) is 69.26%. IBM's operating margin for the same period is 20.02%. The trailing-...
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Stocks To Watch For August 25
Thursday, August 25, 2011 - 2:36am | 303Some of the stocks that may grab investor focus today are: Wall Street expects Hormel Foods Corporation (NYSE: HRL) to report its Q3 EPS at $0.35 on revenue of $1.87 billion. HRL shares rose 0.39% to close at $28.44 yesterday. Guess Inc (NYSE: GES) reported its FQ2 net profit at $60.7 million, or...
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Samsung Shares Jump 4 Percent Thursday After Dutch Court Ruling
Wednesday, August 24, 2011 - 7:32pm | 48Samsung Electronics (SSNLF) shares rose 4 percent in Korea on Thursday, after a Dutch court rejected most of Apple's (NASDAQ: AAPL) claims that Samsung's Galaxy line of smartphones and tablets infringed on its patents.
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Fast Money Picks For August 25th (TS, CSX, M, AAPL)
Wednesday, August 24, 2011 - 6:44pm | 178CNBC Fast Money's Tim Seymour said on the show that Tenaris S.A. (ADR) (NYSE: TS) is a buy. Tenaris S.A. (ADR) (TS) gained 1.98%, and closed at $31.99. Guy Adami wants to buy CSX Corporation (NYSE: CSX) on Thursday. CSX Corporation (CSX) gained 2.44% today, and it closed at $21.00. Karen Finerman...
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Steve Jobs Resigns as CEO of Apple
Wednesday, August 24, 2011 - 5:59pm | 203Apple's (NASDAQ: AAPL) Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple's Chief Operating Officer, as the company's new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board,...
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UPDATE: Steve Jobs Resigns as CEO of Apple
Wednesday, August 24, 2011 - 5:37pm | 327Apple's (NASDAQ: AAPL) Board of Directors today announced that Steve Jobs has resigned as Chief Executive Officer, and the Board has named Tim Cook, previously Apple's Chief Operating Officer, as the company's new CEO. Jobs has been elected Chairman of the Board and Cook will join the Board,...