-
Market Wrap For April 10: Wednesday's Rally Completely Forgotten
Thursday, April 10, 2014 - 4:33pm | 2616Read More...U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...
-
Oracle Earnings Preview: Soaring Into The Cloud?
Tuesday, March 18, 2014 - 7:37am | 701Read More...Oracle (NASDAQ: ORCL), which has struggled to transition to cloud software and to boost the stagnant server business it acquired when it bought Sun Microsystems in 2010, is scheduled to report its third-quarter fiscal results Tuesday, March 18, after the markets close. Investors will be looking...
-
Market Wrap For February 24: Markets Showing Strength To Start The Week
Monday, February 24, 2014 - 5:46pm | 3826Read More...U.S. stocks rose as investors as the S&P 500 traded at new historical highs and clearing its 2014 losses. Investors shrugged off disappointing earning reports and economic data and chose to focus on several prominent merger and acquisition activities. The S&P 500 hit a new intra-day...
-
Hewlett-Packard PC Sales Up First Time In Seven Quarters
Friday, February 21, 2014 - 12:05pm | 573Read More...On a conference call Thursday, Hewlett-Packard (NYSE: HPQ) chief executive officer, Meg Whitman had some good and unexpected news about revenue growth. Not just revenue growth per se but growth in the unlikeliest of areas, PC sales. The Personal Systems Group (PSG) posted revenue of $8.5...
-
Rackspace Earnings Preview: Will Short-Term Setbacks Hurt the Long-Term Picture?
Monday, February 10, 2014 - 2:41pm | 695Read More...After the market closes on Monday, Rackspace Hosting (NYSE: RAX) will report its first quarter results. The current consensus expectation is for Rackspace to report an EPS of $0.14 and $404.86 million revenue. Investors will have high expectations for the company's earnings, as the cloud space has...
-
Market Wrap For February 7: Jobs Report Not Great, But Not Too Bad
Friday, February 7, 2014 - 5:36pm | 3052Read More...U.S. stocks rallied for the second straight day, ending a tumultuous week on a positive note as investors found more positives than negatives in today's job reports. "It was bad, but not that bad," an investment officer at Wells Fargo told CNBC. "We've made some progress here, we still think we...
-
IBM Looking To Sell Chip Manufacturing Business
Friday, February 7, 2014 - 2:23pm | 543Read More...U.S. technology giant, International Business Machines (NYSE: IBM) has appointed Goldman Sachs (NYSE: GS) to help it explore the possibility of selling its semiconductor manufacturing business, according to a report in the Financial Times on Thursday. Sources told the newspaper that in lieu of...
-
Twitter Earnings Preview: Humble Beginnings
Tuesday, February 4, 2014 - 8:55am | 698Read More...Twitter (NYSE: TWTR), which bought 900 patents from IBM last week, is scheduled to report its fourth-quarter full-year results Wednesday, February 5, after the closing bell. This will be its first public quarterly earnings report. Investors will be looking for Twitter to have benefited from the...
-
Twitter Takes Much Needed Step, Acquires 900 IBM Patents
Friday, January 31, 2014 - 12:06pm | 292Read More...Twitter (NYSE: TWTR) just gained access to new technologies thanks to a cross-licensing agreement with IBM (NYSE: IBM). Twitter has bought 900 patents from “Big Blue” in a much needed move to take on larger rivals such as Google and Facebook. Prior to Twitter's initial public offering, the...
-
Market Wrap For January 23: Chinese Data, Mixed Earnings Spooking Investors
Thursday, January 23, 2014 - 5:47pm | 2950Read More...Traders and investors woke up Thursday morning to troubling news out of China. Chinese January HSBC flash PMI declined to 49.6 from a 50.5 in December. The data is re-starting the Chinese slowdown debate and according to Reuters has “reinforced concerns about global growth, especially in...
-
Lenovo Buys IBM x86 Server Business For $2.3 Billion
Thursday, January 23, 2014 - 12:35pm | 459Read More...In a much-anticipated announcement, Lenovo Group, the world’s largest PC maker, will purchase IBM's (NYSE: IBM) low-end x86 server business for $2.3 billion in cash and stock—the largest tech acquisition by a Chinese company. The deal is mostly cash--$2.07 billion with the remaining balance in...
-
Market Wrap For January 22: Earnings Season Continues To Come In Mixed
Wednesday, January 22, 2014 - 5:58pm | 2705Read More...Wednesday marked another day of mixed trading as investors and traders continue to find little clarity from the quarterly results released so far. With the markets being a "mixed bag" major indices ended the day little changed with the Dow ending slightly in the red and both S&P 500 and...
-
Top Trending Tickers On StockTwits For January 22
Wednesday, January 22, 2014 - 11:57am | 878Read More...Here's a look at the top tickers trending on StockTwits.com: Coach: Iconic brand losing market share This morning Coach (NYSE: COH) released its second quarter results. The company reported an EPS of $1.06, missing the consensus estimate of $.11. Revenue declined 5.3 percent year over year at...
-
Market Wrap For January 21: Dow Hit by Earnings; S&P And Nasdaq End The Day Positive
Tuesday, January 21, 2014 - 5:51pm | 2887Read More...Markets ended the day mixed with the S&P 500 ending a two day losing streak. The Dow ended the day slightly in the negative as several Dow components failed to fully satisfy investor expectations with their earnings today. Investors also digested the latest commentary coming from the Wall...
-
IBM Falls Slightly After Q4 Earnings
Tuesday, January 21, 2014 - 5:30pm | 275Read More...IBM (NYSE: IBM) is down less than one percent in after hours trading after the company announced its fourth quarter earnings results. The company reported a Q4 EPS of $6.13 versus the Street estimate of $5.99. Earnings per share were up 14 percent from the year-ago period. Revenue arrived at $27...















