The blurring of the line between what you watch on TV and what you stream over the Internet continues to get hazier, TheStreet.com reports.» Read More
Apple earnings rose 67 percent, blowing past expectations, as the company saw strong sales of its Macintosh computers and iPod music players.
The pressure was on for Apple following the big-time run in these shares these past several weeks. These shares rallied into today's earnings news. The research firm Caris just this morning took the bold step in raising its target to $200.
And the bell rang and what happened was a very modest late day rally. Perfect. A big selloff, and fear levels would go way up. A big comeback, and the bears--who have gained a great deal of traction in the past week--would be throwing stones immediately. Very modest rally is just the right reaction.
When it comes to Apple Inc., the bar is set so nose-bleedingly high that you gotta wonder whether this company is poised to perform or plummet when it releases earnings this evening. Shares continue to climb today, up another 2% at this writing, a kind of serene island in the midst of the volatile vagaries and stormy seas on Wall Street.
Is the U.S. dollar bottoming? CNBC's Rick Santelli thinks it might be. The dollar has been on a downhill slide against the euro and other currencies for weeks now. As of the end of last week, the dollar lost 7.7% against the euro since the beginning of the year, and it continued to move lower overnight. But it did a reversal this morning, and that makes Santelli think it's time to look at the charts.
Today AT&T unveiled Napster Mobile to allow AT&T wireless users to browse, sample, and buy music from Napster's 5 million song library, all directly on their cell phones, starting in mid November. A key announcement ahead of AT&T's earnings Tuesday morning at 10 eastern.
Matthew Kather, analyst with W.R. Hambrecht, didn't wait to crunch Apple's after-the-bell numbers before getting enthusiastic about the company. "The company's firing on all cylinders here," he told CNBC, "so it's really not about how much upside is printed in this quarter."
Traders expecting a sloppy day, with weakness at the open, but many are anticipating an attempt to stabilize right after that: others insist there is no reason to step in and be a hero on the long side.
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Flash memory maker SanDisk on Monday debuted an online video service and a USB flash drive that can carry television programs and videos from a computer for playback on TVs.
U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in earnings due this week and the other on the threat surging oil prices.
Robust demand for cheaper phones boosted third-quarter earnings at Nokia, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher Thursday.
SAP said it should reach the top of its full-year sales guidance range after a solid third quarter in which it met market expectations, and forecast demand for its software would stay strong into 2008.
Steve Jobs has a message for third party software developers who have largely been shut out of the iPhone extravaganza: Call Us Up! In a sharp reversal to an earlier policy, and in an open letter from Jobs posted on Apple's web site, the company is now inviting software developers to create applications for the iPhone that would live on the iPhone's memory and not on the web.
Well, it's about time. That might be the familiar refrain coming from Apple investors as well as the Mac faithful who had to give up Leopard's place in the development line in favor of the company's new favorite flavor, the iPhone.
Napster, the digital music service, said Tuesday it plans to attract more customers by moving to a Web-based platform allowing users to play their music from any computer without having to download any additional software.
Stocks rose on Friday following strong retail sales and renewed mergers and acquisitions activity. "It seems that people are buying the pullbacks," said Joe Ranieri of Canaccord Adams. "There's just too much value in large caps and growth is starting to chase small- and mid-caps, so look for any kind of pullbacks to be buying opportunities."
A slew of companies will be reporting third-quarter results, and investors will be watching not only for the latest figures but what companies predict about future profits.
I wrote earlier today that Apple would be sending along an acknowledgment of some Al Gore's Nobel Peace Prize win, and the company went a big step beyond that. Go to www.apple.com and you'll see that the company's usual home page has been replaced by a full page message to Gore, commending him on his achievement.
Active trading today in NASDAQ big caps (Google , Apple, Amazon, Apple), international oil companies, and Chinese stocks. Chinese stocks? Chinese Communist Party holds their annual meeting next week (no I'm not going), Hang Seng in Hong Kong and Shanghai index hit historic highs yesterday.