Stocks closed with modest gains, helped by a rally among bank stocks as well as oil prices.
Buying software is not like buying a vase or a comb or a lawnmower where you pay, you take it home, and the transaction is complete. No, buying software is more like joining a club with annual dues. Every year, there’s a new version, and if you don’t upgrade, you feel like a behind-the-curve loser.
Stock index futures are indicating a similar lack of conviction Thursday, drifting downwards on flat European stocks and losses in Asian markets.
The video game price wars are getting fiercer. Microsoft on Thursday announced plans to lower the price of its top-line Xbox 360 model from $399 to $299.
Recent economic numbers suggest that the economy may be finally turning to a recovery, said Jim Hardesty, president, market strategist and chief economist of Hardesty Capital Management, and John Merrill, founder and CIO of Tanglewood Wealth Management.
Ben Bernanke’s reappointment as Federal Reserve chairman is a sign of stability to the markets, said Bryan Place, president of Place Financial Advisors.
As the stock market continues to gain steam, with all major US indices higher by 46% or more since the market rebound began, companies in the S&P 500 have outperformed the average gains of the Dow and Nasdaq 100 components.
Wikipedia, one of the 10 most popular sites on the Web, was founded about eight years ago as a long-shot experiment to create a free encyclopedia from the contributions of volunteers, all with the power to edit, and presumably improve, the content.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components:
On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.
Cash flow is a great valuation metric to look at when calculating how solid a company may be, said Lee Eugene Munson, CIO of Portfolio Asset Management, and Michael Farr, president of Farr, Miller & Washington. They shared their best 5 stock picks with investors.
GameStop executives, who led the call for price reductions on the PlayStation 3 earlier this year, say they were a bit surprised with the timing of Sony’s actions earlier this week. But now that Sony has capitulated, they're expecting Microsoft and Nintendo to react.
Sony, hoping to regain its momentum in the video game space, will lower the price of the PlayStation 3 video game console by $100 starting Wednesday.
Five years ago today, Google sold shares to the public for the first time. Since then, its stock has risen almost 400 percent. So is Google still worth buying? Heath Terry, senior VP in internet and entertainment software sector at FBR Capital Markets and Michael Farr, president of Farr, Miller & Washington shared their insights.
Five years ago today, Larry Page's and Sergey Brin's dorm room project Google was reborn as a publicly traded company, going out at what was then a jaw-dropping $85 a share in that unusual Dutch auction, closing that first day of trading at $108 and change.
Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.
Hewlett-Packard needed to wow Wall Street and the company delivered the goods tonight, beating the Street by a penny a share with 91 cents on better than expected revenue of $27.45 billion against the $27.3 billion consensus.
It’s going to be one of the worst back-to-school selling seasons for the PC makers, said Paul Kedrosky, consulting strategist at Ten Asset Management and Gene Munster, senior research analyst at Piper Jaffray. They shared their views for the technology market and discussed where investors should be looking.
When Hewlett-Packard reports its earnings after the bell tonight, it should go a long way toward keeping the optimism alive in the tech sector.
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