Ahead of Apple's media event, investors are focused on long-term value that the tech company will generate through new devices and services.» Read More
Cramer, ever the contrarian, disagrees with that sentiment. He prefers his stocks at a different temperature.
The new and improved iPhone hits shelves Friday. But will the launch have any impact on Apple's stock?
Although the S&P closed higher Friday, all three major indexes closed down for the week as investors questioned whether stocks were due for a correction.
Stocks finished a volatile session mixed as traders jockeyed for positions on this quadruple-witching Friday and techs rallied. Today is the once-a-quarter event known as "quadruple witching," which is the simultaneous expiration of stock index futures, stock index options, stock futures, and stock options.
Piper Jaffray is admitting that its initial estimate of 500,000 iPhone 3GS handsets might have been too conservative. Gene Munster published a note this afternoon based on admittedly non-scientific data, but useful information nonetheless.
On a week where the US markets continued to stall with all major indexes negative for the week with quadruple witching, bank regulation, a sell off in energy, the markets await the Fed meeting next week closing mixed for the day on Friday.
So just how busy is Apple's flagship San Francisco store? By 915aPDT, 354 customers had come in to buy their iPhone 3GS's. Not bad for a little more than 2 hours of sales. Three hours later, at 1215pPDT, that number had swollen to 647.
With June expiration today, I thought a little housekeeping would be in order. On May 8th, Dan Nathan suggested putting on a calendar spread, where he sold the Apple June 140 call for $2.35 to finance the purchase of the July 140 call for $4.35. Talk about turning time into money.
Plus, get the Mad Money host's latest call on the Toll House cookie dough recall.
To say that Apple's iPhone 3GS is living up to its advanced billing is an understatement. Outside this flagship Apple store in San Francisco, the line has stretched a few hundred deep consistently for the last several hours. Apple even offered free coffee and bagels for those here.
Investors appear keen on remaining nimble during the last hours of Friday's trade. Will quadruple witching trigger a wild close?
The Dow tipped into negative territory as traders jockeyed for postions on this quadruple-witching Friday. But techs rallied.
Smart phone makers Research in Motion, Apple and Palm are all in great shape for more upside, said Mike Abramsky, managing director of RBC Capital Markets and David Garrity, principal of GVA Research LLC.
Stocks opened higher Friday as today marks the once-a-quarter event known as "quadruple witching" and techs rallied.
The end of the week marks the once-a-quarter event known as "quadruple witching" - the simultaneous expiration of stock index futures, stock index options, stock futures, and stock options that occurs on the third Friday of the third month of the quarter.
Traders are already looking ahead to next week's Fed meeting as the next potential catalyst for stocks.
The mass adoption of mobile Internet will boost a number of related stocks, the Mad Money host says, including this one.
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Stocks snapped a three-day losing streak Thursdayas a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
So you gotta wonder whether Research in Motion's lighter than expected Blackberry sales and subscription sign-ups are a sign of sluggishness in the smart phone sector? Or whether this could be a sign that Apple's iPhone is starting to chip away at RIM's success in the marketplace.