A semi-secretive, but widely watched data analytics firm partially backed by the CIA has decided against going public, for now.» Read More
Cramer's never afraid to give respect where it's due - even if it's someone on his Wall of Shame. So in this segment, IBM's Palmisano gets the pardon he deserves. 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.
Computer maker Sun Microsystems posted a third quarter net profit versus a year-ago loss, but revenue fell shy of analysts' estimates and shares fell about 5% in after-market trading.
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.
IBM said on Tuesday it will raise its quarterly dividend by a third and its share buyback program by $15 billion, sending its shares up sharply.
Stocks closed lower as cautious comments from GM and Pfizer snapped the Dow's seven-day winning streak. "We've seen a really good move in the market and a little consolidation is healthy," said Bill Nichols, managing director of equity trading for Bear Stearns. "After being higher so much, a little profit-taking is only natural."
Germany's SAP met analysts' forecasts for sales of new software licenses but missed expectations for earnings after a difficult first quarter in which it lost a top manager and faced a lawsuit from a rival.
Richard Sparks, equity analyst at Schaeffer’s Investment Research, told CNBC’s “Squawk Box” that he expects positive earnings news will continue to drive the market higher. “When we look at the expectations for earnings, we find that they’re actually quite low,” Schaeffer said Thursday. “At the beginning of the quarter, we expected 8.7% year-over-year earnings growth. That’s been ratcheted down by analysts and they’re barely expecting 3.5%. If we come in ahead of those estimates, as we have, I think we’re going to see the rally continue.”
The Dow closed at a new record as blue chip stocks were boosted by upside earnings reports, but stocks ended mixed after two notable tech names disappointed investors. JP Morgan Chase added positive momentum to the financial sector, closing at a new high after the bank reported first-quarter earnings growth of 55%.
Stocks are heading for a lower opening as some weak tech earnings worry investors. The dollar continues to fall against major currencies. Asian markets were higher overnight, but European stocks are lower. There are no big data items today but earnings could sway direction.
IBM reported first-quarter earnings of $1.21 a share, matching estimates from Thomson Financial. IBM reported first-quarter revenue of $22 billion, slightly ahead of estimates of $21.9 billion, and compared with $20.66 billion in the comparable period last year.
Stocks are set to open higher, reversing an early negative trend, after consumer inflation data showed muted increases in core inflation. However, the CPI rose at a 0.6% rate when including food and energy, its highest rise since last April. Housing starts rose 0.8%, beating analysts expectatons but below February's increase.
Stocks closed broadly lower on Wednesday as investors' hopes for a cut in interest rates diminished following the release of minutes from the Fed's policy meeting three weeks ago."I think what the market wanted to hear was that the Fed was looking to come to the rescue and add liquidity to the system, as they seemed to tip their hat to in the last FOMC announcement," Kevin Caron, market analyst at Ryan Beck, told CNBC.
0%: That's what the European Union's Commission thinks Microsoft deserves for licensing its vital communications code -- a stance that would enable Microsoft rivals to manufacture software compatible with its dominant Windows operating system. CNBC's Jim Goldman reported on the latest chapter in the seemingly never-ending antitrust saga.
Circuit City Stores said it will explore options including a sale for its Canadian unit InterTAN Inc. and cut about 3,400 store associate jobs as the retailer tries to improve its financial performance.
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Chinese computer maker Lenovo is recalling 205,000 ThinkPad computer battery packs made by Japan's Sanyo Electric because they pose a fire hazard.
Business software maker Oracle will buy Hyperion Solutions for $3.3 billion in cash, renewing a shopping spree aimed at toppling rival SAP.
Google will begin selling corporate America an online suite of software that includes e-mail, word processing, spreadsheets and calendar management, escalating the Internet search leader's invasion on technological turf traditionally dominated by Microsoft and IBM.