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FBN Securities Initiates Coverage on AAPL, IBM, DELL, HPQ
Tuesday, June 21, 2011 - 7:13am | 64FBN Securities has initiated coverage on the following companies: Apple (NASDAQ: AAPL), Outperform, $500 PT International Business Machines (NYSE: IBM) Outperform, $200 PT Dell (NASDAQ: DELL) Outperform, $19 PT Hewlett-Packard (NYSE: HPQ) Sector Perform, $38 PT
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Oppenheimer Lowers PT On Apple To $420
Tuesday, June 21, 2011 - 6:13am | 19Oppenheimer has lowered the price target on Apple (NASDAQ: AAPL) to $420.
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Top 4 NYSE Stocks In The Diversified Computer Systems Industry With The Highest EPS
Tuesday, June 21, 2011 - 12:16am | 132Below are the top diversified computer systems stocks on the NYSE in terms of earnings per share. The trailing-twelve-month earnings per share at International Business Machines Corp (NYSE: IBM) is $11.91. IBM's ROE for the same period is 67.20%. The trailing-twelve-month earnings per share at...
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Lack of Leadership Plagues Weak Market
Monday, June 20, 2011 - 4:33pm | 299US markets closed higher Monday, but the action certainly was not the ferocious oversold bounce many have been expecting. Even despite climactic bearish sentiment, the reversal has not yet come, due in part to a clear lack of leadership. Apple Inc. (AAPL) has seen heavy selling over the past two...
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Doug Kass Selling Apple
Monday, June 20, 2011 - 3:04pm | 52Doug Kass tweeted that he is selling his stake in Apple (NASDAQ: AAPL), as it is up $5 from his entry point. At last check, shares of Apple were off $3.35 to $316.91, a loss of just over 1% today.
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IBM Launches Smart Cloud for Disaster Recovery and Data Archive
Monday, June 20, 2011 - 1:04pm | 358IBM (NYSE: IBM) today announced new cloud services that enable clients to protect, store and retrieve their most critical data in minutes versus days in the event of a disaster. Disasters - whether from hurricanes, earthquakes or IT failures - can cause significant damage to businesses in the...
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Monday's Mid-Day Options Volume Leaders
Monday, June 20, 2011 - 12:29pm | 85Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 216,007 contracts, 57.4% calls, 42.6% puts 2. Research In Motion (NASDAQ: RIMM) 105,851 contracts, 41.1% calls, 58.9% puts 3. Bank of America (NYSE: BAC) 104,560 contracts, 70.9% calls, 29.1% puts 4. Harbin Electric Inc...
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Markets Advance Cautiously
Monday, June 20, 2011 - 11:46am | 284The markets opened lower today on continued fears out of Greece. While an aid package is already inked and ready to go, it looks like officials are unwilling to give Greece the money until they see what happens in the coming days with the Greek government and more austerity cuts. This stall had the...
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UPDATE: Apple Technically Prepared to Fall Below $300.00
Monday, June 20, 2011 - 11:35am | 79Apple (NASDAQ: AAPL) officially broke 2 key technical levels on 6/17/2011. A break of the 200 day exponential moving average and the main support from a technical wedge pattern were broken on above average volume. The momentum could take the share price much lower. The current target is $285.00-$...
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A Bite Out Of The Apple
Monday, June 20, 2011 - 10:51am | 249Apple Inc.(NASDAQ: AAPL) is one of the most highly followed and loved stocks by traders and investors. This morning, the innovative tech giant is coming under major selling pressure. The stock is trading lower by $8.12 to $312.07 a share. The stock has been under pressure since April 21, 2011 when...
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UPDATE: Deutsche Bank Downgrades Skyworks Solutions to Hold
Monday, June 20, 2011 - 9:35am | 128Deutsche Bank is out with its report today on Skyworks Solutions (NASDAQ: SWKS), downgrading SWKS to Hold. In a note to clients, Deutsche Bank writes, "We think Skyworks faces a volatile second half. While we see no serious signs of trouble, we think share loss at Apple (NASDAQ: AAPL), pricing...
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Earnings Preview for Jabil Circuit
Monday, June 20, 2011 - 9:09am | 360Jabil Circuit (NYSE: JBL) is set to report third-quarter fiscal 2011 results Tuesday, June 21, after the markets close. Analysts are looking for the tech company to report that earnings grew 29.8% from a year ago to $0.57 per share. Sixty days ago, that consensus earnings estimate was the same. The...
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Goldman Sachs Provides Color on Apple's Settlement with Nokia
Monday, June 20, 2011 - 8:09am | 179Goldman Sachs provided color on Apple's (NASDAQ: AAPL) settlement with Nokia (NYSE: NOK). In a research report published today, Goldman states, "We believe the up-front cost of Apple's Nokia settlement will be largely immaterial to Apple's $66 billion cash balance, and we believe the ongoing...
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Oracle Seeking Up to $6.1 Billion in Google Patent Lawsuit
Sunday, June 19, 2011 - 3:38pm | 220In its patent infringement lawsuit against Google (NASDAQ: GOOG), software maker Oracle (NASDAQ: ORCL) is seeking between $1.4 billion and $6.1 billion in damages, a court filing revealed. Oracle filed suit against Google last year, claiming that its Android mobile operating technology infringes...
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How to Make Your iPhone Smell
Saturday, June 18, 2011 - 6:01pm | 392How would you like to have an Apple (AAPL) iPhone smell like licorice, blueberry, or strawberry cheesecake? Well now you have your chance. The Jelly Belly company in California has developed cases, in conjunction with ESI Cases and Accessories, for the iPhone with the aroma of various types of...