-
Apple Flat; S&P Down 1.64%
Wednesday, June 1, 2011 - 1:37pm | 84Shares of Apple (NASDAQ: AAPL) are holding up very well during Wednesday's trading session despite a steep decline in the broader market. AAPL is currently hugging the flatline, while the S&P has lost 1.64% and the Dow is trading down more than 220 points. Apple has been trading in a range...
-
Master Analysis: Stock Markets Tumble
Wednesday, June 1, 2011 - 12:52pm | 348The markets continued their big drop into the lunch hour with the SPDR S&P 500 ETF (NYSE: SPY) hitting a low of $132.85. This fall was mainly due to panic over the ADP Private Sector Employment numbers which came in sharply lower than estimates. In addition, the ISM Index for May came in at 53....
-
Top Performing Industries For June 1
Wednesday, June 1, 2011 - 10:13am | 204At 10:04 am, the Dow fell 0.72% to 12,479.88, the broader Standard & Poor's 500 index moved down 0.74% to 1,335.26 and the NASDAQ composite index dropped 0.48% to 2,821.58. The industries that are still afloat in the market today are: Processing Systems & Products: This industry jumped 1....
-
Polycom and HP Announce Broad Strategic Alliance
Wednesday, June 1, 2011 - 9:48am | 109HP (NYSE: HPQ) and Polycom, Inc. (NASDAQ: PLCM) today announced they have entered into a definitive agreement under which Polycom will acquire the assets of HP's Visual Collaboration business, including the Halo Products and Managed Services business. In conjunction with this acquisition, HP and...
-
Polycom and HP Announce Broad Strategic Alliance
Wednesday, June 1, 2011 - 8:55am | 109HP (NYSE: HPQ) and Polycom, Inc. (NASDAQ: PLCM) today announced they have entered into a definitive agreement under which Polycom will acquire the assets of HP's Visual Collaboration business, including the Halo Products and Managed Services business. In conjunction with this acquisition, HP and...
-
J.P. Morgan Overweight On Avid Technology
Wednesday, June 1, 2011 - 7:37am | 131J.P. Morgan Chase & Co. has an Overweight rating and a $25 price target on shares of Avid Technology, Inc. (NASDAQ: AVID). In a note to clients, J.P. Morgan writes, "We believe the company is experiencing a cyclical rebound in demand for IT infrastructure needed to support film and TV...
-
For Windows, Microsoft Asks Chipmakers to Only Work with One Tablet Manufacturer
Wednesday, June 1, 2011 - 7:04am | 287Microsoft (NASDAQ: MSFT) has requested that chipmakers seeking to use Windows software for tablet production only use one manufacturer, three people with knowledge of the plan told Bloomberg. According to the report, "Seeking to limit variations may help Microsoft speed the delivery of new Windows...
-
Steve Jobs to Present at Apple Event Next Week, iCloud to be Unveiled
Wednesday, June 1, 2011 - 6:28am | 191Apple (NASDAQ: AAPL) fans around the world are again ramping up excitement for the company's coming product event next week, which will feature CEO Steve Jobs. Apple announced on Tuesday that Jobs and his executive team will showcase iCloud, its cloud services offering. The product is widely...
-
iCloud: Apple's Perfect Storm Against Dropbox, Google, and Amazon Cloud?
Tuesday, May 31, 2011 - 2:48pm | 875A storm is coming next week. But will it turn out to be the tornado feared by Apple (NASDAQ: AAPL) competitors, or merely a rainstorm that only cools things off temporarily? Neither outcome would be unprecedented. Despite its many success stories, Apple is not an infallible corporation. While the...
-
Apple to Unveil iCloud, Refreshed Operating System
Tuesday, May 31, 2011 - 2:16pm | 120Apple (NASDAQ: AAPL) will unveil the latest version of its mobile operating system on Monday that will not only power its traditional iPhone, iPad and iPod touch, but also its highly anticipated iCloud service. In a keynote speech at its annual worldwide developers conference on June 6, led by...
-
Apple iWork Now Available For iPhone & iPod touch Users
Tuesday, May 31, 2011 - 12:01pm | 35Apple (NASDAQ: AAPL) today announced that its groundbreaking iWork productivity apps, Keynote, Pages and Numbers, are now available for iPhone® and iPod touch, as well as iPad.
-
Does Steve Jobs Return Mean He's Back For Good?
Tuesday, May 31, 2011 - 11:35am | 381Perhaps the biggest news of the day is that at next week's developer conference Apple Inc. (NASDAQ: AAPL) CEO Steve Jobs will be appearing. The press release makes sure to mention in the first line that Jobs and a team of executives are going to discuss some new products, including the iCloud, and...
-
Top Performing Industries For May 31
Tuesday, May 31, 2011 - 10:14am | 217At 10:10 am, the Dow rose 0.82% to 12,543.53, the broader Standard & Poor's 500 index moved up 0.73% to 1,340.88 and the NASDAQ composite index gained 0.72% to 2,816.98. The industries that are driving the market today are: Semiconductor - Specialized: This industry jumped 2.39% by 10:10 am....
-
Bank of America Reiterates Buy on Hewlett-Packard
Tuesday, May 31, 2011 - 9:01am | 180Bank of America reiterated its Buy rating on Hewlett-Packard (NYSE: HPQ). In a research report published today, Bank of America states, "We believe one big investor pushback for Hewlett-Packard is that EPS has not been cut enough. We look at a number of scenarios for F2012 and conclude that...
-
05-31-2011 Market Commentary
Tuesday, May 31, 2011 - 8:28am | 1007By Eddie Katz Gluskin Sheff - The Chinese stock market has now corrected 10% in a six-week span with obvious near-term implications for correlated assets such as deeply cyclical basic materials. Just think if the S&P 500 had slumped like that there would be panic on the streets and all the...