Citigroup upgraded Intel to a buy today. FMHR traders Jon Najarian and Mike Murphy take their positions.» Read More
Sun Microsystems tapped semiconductor maker Intel to supply it with chips for servers and workstations, and the chief executive officers of both companies told CNBC they'll work together to develop future products and promote one another's technology.
Stocks in the U.S. are leaning towards a higher open, as investors brace for a barrage of earnings news. Oil is bucking its recent downtrend and is slightly higher as cold weather finally settles into the Northeast. European stocks are trading higher, helped by mining, metals and oil stocks. Asian markets closed higher with Tokyo at a 9-month high.
January has proven to be quite the busy month. We went from the Consumer Electronics Show, to Macworld, and then right into earnings season. And while there have been few tech surprises so far, this week promises to be filled with major headlines.
"We think we're getting close to a top," said Bill Strazzullo, chief market strategist for Bell Curve Trading. "The problem is the market is counting on this booster shot of lower interest rates and some of that has been taken out."
Technology stocks still face some turbulence, and analysts say it may be a good time to stick to the more defensive names in the group.
U.S. stocks closed near the worst levels of the day as weakness in technology stocks trumped positive economic data. Stronger than expected housing data and tame inflation data dampened hopes for a Fed rate cut any time soon.
U.S. stocks closed lower after oil prices staged a late rally, while weakness in technology dragged down the Nasdaq.
Intel's fourth-quarter profit fell 40% as the world's largest chip maker endured a painful price war with much-smaller rival Advanced Micro Devices and continued to pay for a massive restructuring.
European Commission staff have again asked the EU's antitrust chief for permission to prepare charges against Intel, part of a long process that faces further hurdles, a source familiar with the case said.
Stocks in the U.S. are seeking direction and are looking mostly higher in mixed action ahead of the open. Earnings news from big names like Intel and J.P. Morgan are making headlines, and the markets are watching for PPI inflation data this morning and the Fed's Beige Book at 2 pm. Oil slumped below $51 a barrel this morning after a deep slide yesterday.
The Dow closed at a record for the third straight session and Nasdaq fell slightly as investors bought selectively ahead of earnings reports and on a steep drop in oil.
Financials and techs, two groups that pulled in the money last week, will be out in front of the news this week when earnings season is in full swing. Markets will also be watching key economic data, a parade of Fed speakers and whatever side show goes on when oil markets reopen, after last week's near six percent slide in crude.
The Dow scored its second record close in a row and the Nasdaq had its best week in four months as buyers snapped up oil, financial and technology stocks ahead of next week's earnings reports.
Shares of Advanced Micro Devices dropped 11% today after the company said lower prices would hurt its profit outlook. Subsequent downgrades from the major brokerages propelled AMD into becoming one of the most actively traded stocks at the NYSE today. But there's more behind this precipitous drop than weak numbers. What's really going on?
Shares of Advanced Micro Devices plunged, a day after the world's second-largest microprocessor maker said that low chip prices hacked into the company's fourth-quarter results.
Intel, the world's top chipmaker, plans to invest in a major new plant in China to make leading-edge chips, its biggest investment in the country to date, two sources with knowledge of the plan said.
Buying in technology and financial stocks pushed stocks higher, outweighing declines in the energy sector.
Stocks finished the first week of the New Year on a down note as strong jobs data made investors worry that a faster-growing economy and possible rise in inflation will reduce the chances of a Fed rate cut.
Just a few days away now from what promises to be an absolutely blockbuster week in the world of electronics, beginning with the massive Consumer Electronics Show in Las Vegas ... CES will be attended by 145,000 registered guests, 2,600 exhibiting companies spread across 35 football fields. But this year's show gives us pause to look back since CES celebrates its 40th anniversary.Ironic since this past December 28, I celebrated my 40th birthday as well. Ironic still since my wife took me away to a decidedly low-tech, nature-infused Calistoga Ranch in California's Napa Valley. As I absorbed the phenomenal scenery, the extraordinary attention to every detail, the attentive service, the wine, the spa, the food, all the relaxation gave my mind a chance to wander: preparing for the electronics extravaganza ahead while letting my mind drift to my first CES in 1994 ...
Citigroup's Tobias Levkovich has released his top picks for '07. Here are the hints to the stocks he liked--that you may have heard on "Squawk on the Street": 1) your parents were wrong; TV is good for you, 2) another of his favorites can be found in the mall, 3) the real little engines that could. Think you know which ones Levkovich likes? See if you guessed right...