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Oct 31- Audio chipmaker Cirrus Logic Inc, whose chips were used in Apple Inc's iPhone 5, reported a 91 percent jump in second-quarter sales and its forecast for current-quarter revenue crushed analysts' estimates. Apple, which accounted for 62 percent of Cirrus Logic's total sales last year, said on Oct. 26 that its latest iPhone was heavily backlogged.
Oct 31- Audio chipmaker Cirrus Logic Inc, whose chips were used in Apple Inc's iPhone 5, reported a 91 percent jump in second-quarter sales and its forecast for current-quarter revenue crushed analysts' estimates. Net income rose to $35.4 million, or 51 cents per share, for the second quarter, from $11.2 million, or 17 cents per share, a year earlier.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Apple CEO Tim Cook didn’t come out and say it, but top Apple analyst Gene Munster thinks his message was loud and clear.
Anyone holding their breath on the hopes that software giant Microsoft will once again dominate the tech sector as it did in the mid-to-late 90s should also consider investing in some scuba gear to find that ship that has long sailed — if not sunken entirely.
If $600/share is a little rich for your wallet, the Fast pros say there are other ways to trade Apple’s blow out earnings.
Be it expanding data storage, or improving the iPad’s screen, a select few technology companies are well poised to soar on Apple sales, says Stephanie Link, director of research and strategist for TheStreet.com.
After hitting $600 per share ahead of Friday’s new iPad release, Apple — along with a few select suppliers — might still be worth buying.
Think new gadgets from Apple that could drive chips makers? Either play the thesis with an index, or these stocks which are more levered to Apple.
Cramer makes the call on viewers' favorite stocks.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Apple posted better-than-expected earnings Tuesday, giving the “Fast Money” pros several ways to play the results.
Ahead of after-the-bell earnings results, the “Fast Money” pros looked at the best way to trade Apple.
Wall Street kept its perfect streak in 2012 alive, closing solidly higher as investors looked to move beyond Europe's debt problems and gave U.S. banks a vote of confidence.
US stock index futures pointed to a higher open on Wall Street on Tuesday tracking European markets and buoyed by a positive outlook from US aluminum giant Alcoa after the bell on Monday.
Take a look at some of Tuesday morning's early movers.
Some investors are using Twitter to track market trends and make decisions about where to put their money. Each Friday on CNBC, we answer stock trading questions sent to us through tweets by viewers. We can't get to them all on-air, so we're doing it online.
Stocks ended higher as investors took heart from strong economic news and shrugged off disappointing quarterly results ahead of a big week of earnings. Merck and DuPont led the Dow higher, while BofA fell.