Wall Street is betting that Apple will offer investors tens of billions of dollars in new share buybacks this week.» Read More
Stocks ended mixed but the Dow closed at another record high as earnings continued to exceed expectations. "We were all expecting some kind of pullback but it's just one of those moves that you can't pinpoint with any single piece of data," said Mike Driscoll, managing director of listed trading at Bear Stearns.
Microsoft reported earnings of 49 cents a share for its fiscal third quarter, topping analysts' forecasts, as revenue booked on discounted license upgrades for the new Windows Vista operating system and Office 2007 software boosted results. Microsoft's quarterly revenue of $14.4 billion also outstripped estimates.
Wow! Talk about a busy earnings season. I haven't had much time to breathe lately, which explains the lack of blogs these past several days. The financial flurry has been non-stop and right now is the first chance I've gotten to catch that long-lost breath. And it gives me an opportunity to focus on Microsoft, which reports after the bell today.The Street is looking for 46 cents on $13.89 billion in revenue.
Actors Jonathan Tucker and Stephen Collins hold onto the first two positions in Trading With The Stars. (We post Jonathan's picture--as he still leads). Stephen had gains on most of his purchases on 4/24, but lost almost 6% on Advanced Energy. Meanwhile, Ernie Hudson continues to be the most volatile moving from down 5th to 8th on losses in Advent Software and Mentor.
Andy Hargreaves, consumer electronics analyst at Pacific Crest Securities, told CNBC’s “Squawk Box” that he believes Apple’s CEO Steve Jobs is just about clear of an options back-dating scandal.But Carol Gilden, former SEC attorney and president-elect of National Association of Shareholder and Consumer Attorneys, said "I don’t think Steve Jobs is out of the woods quite yet.”
The Securities and Exchange Commission filed charges against two former Apple officers in its stock options backdating case, but questions remain about whether CEO Steve Jobs will emerge unscathed amid new accusations.
Apple reported a profit of 87 cents a share for its fiscal second quarter, blowing away expectations, but the company provided third-quarter revenue guidance that was softer than anticipated. Apple shares leaped more than 8% in after-market trading.
Apple might not be on your contest list of stocks to buy or even watch, but it could be. In fact, guest blogger Timothy Sykes had it on his short list of stocks to buy today, though he did say it was his least favorite of the the lot. Why Apple? Well, it's releasing earnings news after the closing bell today, so it could get a boost stock price wise.
Hey everyone. Timothy Sykes has some late week contest picks for you. And like we said about Jeff Mishlove, this is an imperfect science, but Timothy's putting in a lot of hard work and it's greatly appreciated. Here's his post: My “Early Week Contest Picks” have each reported earnings so the results are in. Out of the seven, most are flat, TZOO is down 20%, ANAD is down about 7% and ESRX is the lone winner up approximately 10%. TZOO really...
Stocks are set to move higher at the opening, with the Dow heading straight for the 13,000 mark. European shares are higher, as the rising euro closes in on its all-time high against the dollar. Overnight, Asian stocks were lower, with Tokyo stocks falling on worries about the U.S. consumer after yesterday's weak housing data and consumer confidence number. Japanese automakers' shares were dented in the selling.
Apple's former finance chief said on Tuesday he relied on Chief Executive Steve Jobs in the handling of backdated stock options, putting the spotlight on the company's co-founder inthe scandal.
The guys go behind the headlines and give you their take on... Amazon... Lee Iacocca on Toyota... and more. Find out where they're making fast money.
Stocks rose and the Dow moved closer to 13,000 after IBM announced a $15 billion stock buyback plan, as investors shrugged off disappointing data from the housing industry."With the liquidity out there and risk appetites increasing for investors ... you probably have to give upside the benefit of the doubt here," said Jeff Saut, chief investment strategist at Raymond James.
It wouldn’t be a Friday on Mad Money if you didn’t get a strategy from Cramer on how to play the market next week. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Next week is all about Apple (AAPL) and Microsoft (MSFT), as both tech titans report earnings Wednesday and Thursday, respectively. So what’s the tech trade ahead of these two monster reports?
Cramer's take on Diageo, Dominos Pizza, Dow Chemical and more.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The iPhone, Apple's first mobile handset, is on schedule to hit the U.S. market at the end of June, a senior executive with AT&T said on Wednesday.
If you went to bed and woke up this morning thinking the world was quiet and that today was going to be a light day at the office, you may want to call in, instead of relying on your BlackBerry. Research in Motion confirms a massive, system wide blackout affecting all its 8 million subscribers that began around 8 p.m. ET Tuesday, and while service is being restored, it is still sporadic and may take much of the day to get back on line completely.
It was 18 years ago today -- April 17, 1989 -- that CNBC went on the air for the very first time. For those of us who were here both then and now, we realize that the world is a very different place. The Dow closed that day at 2337.79 -- roughly 10,000 points below where it is now. Alan Greenspan was less than two years into his Fed chairmanship, and the position hadn’t yet become one of financial celebrity. ... We couldn’t "google" anything because there was no Google...
Google's acquisition of DoubleClick wasn't much of a surprise since blogs and news coverage over the past few weeks have indicated that the company was in play and had several suitors, including Microsoft, Google, Yahoo and various others.But the big surprise happened over the weekend when we found out that Microsoft was building a coalition of companies to come out against the deal, and that the anti-trust poster-company was now playing the part of victim. Needless to say, this pot-calling-the-kettle-black legal strategy is raising some eyebrows.