Jim Cramer is a good stock picker but these picks are nothing short of smokin’.» Read More
*Intel gains on earnings, outlook; semiconductors rally. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner Inc shares jumped 17.1 percent to $83.13 and ranked as the S&P 500' s best performer after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
Apple Inc. rose 1.5 percent to $96.63 with 27,302,500 shares traded. Cisco Systems Inc. fell. 2 percent to $25.48 with 10,923,200 shares traded. Exelixis Inc. rose 13.1 percent to $3.76 with 15,849,000 shares traded.
Its shares have slumped 16 percent since Chief Executive Officer Kevin Murai warned earlier in July that increased demand was already waning from companies buying new computers to upgrade their operating systems after Microsoft Corp stopped supporting Windows XP in April.
Apple Inc. fell. 5 percent to $94.90 with 21,992,800 shares traded. BlackBerry Ltd. rose. 5 percent to $11.46 with 18,832,600 shares traded. Cisco Systems Inc. rose. 1 percent to $25.47 with 17,833,000 shares traded.
Cramer says the price action in Tuesday’s market is sending an important message about what to buy in the days ahead.
*S&P 500 pulls back a bit after hitting intraday record. NEW YORK, June 24- U.S. stocks mostly slipped on Tuesday as earlier gains from economic data faded, but the Nasdaq advanced as a result of gains in biotech shares.
*S&P 500 hits intraday record, continues recent strength. NEW YORK, June 24- U.S. stocks rose on Tuesday, boosted by some strong data while the Nasdaq outperformed thanks to gains in technology and biotech shares. Consumer confidence hit its highest level since January 2008 in June, while new home sales jumped 18.6 percent to a six-year high in May.
Take a look at some of Tuesday's midday movers.
*Consumer confidence at highest since Jan 2008. NEW YORK, June 24- U.S. stocks were little changed on Tuesday as some strong data wasn't enough to solidly lift indexes in the wake of a recent rally, though the Nasdaq index was boosted by gains in technology and biotech shares.
While PCs are "less of the center of the universe," they will still play a part in our lives for many years, said Alain Monie, CEO of Ingram Micro.
NEW YORK, June 24- U.S. stock index futures pointed to a flat open on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week.
Some of the names on the move ahead of the open.
NEW YORK, June 24- U.S. stock index futures fell on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week. *Equities had a quiet session on Monday, with trading volume light and moves so slight the S&P 500 had one of its narrowest intraday trading ranges ever, according to MKM Partners.
SAN FRANCISCO, June 23- Memory chipmaker Micron Technology Inc posted fiscal third-quarter results above expectations and said pent up demand for personal computers is fueling demand for its DRAM chips.
Check out which companies are making headlines after the bell Monday: Micron Technology, Sonic & more
*Wisconsin Energy to buy Integrys for $9.1 bln. *ParkerVision plummets on its heaviest-ever volume. "Right now we're digesting last week's gains and keeping an eye on all the economic data that's coming out this week," said Leo Grohowski, who oversees more than $184 billion in client assets as chief investment officer at BNY Mellon Wealth Management in New York.
SAN FRANCISCO, June 23- Memory chipmaker Micron Technology Inc posted fiscal third-quarter results above expectations following signs of stabilization in the personal computer industry that could fuel demand for DRAM chips.
U.S. stock index futures pointed to a lower open on Monday, as upbeat data from China failed to boost either Asian or European markets.
All out of new stock ideas? Not Cramer. Here’s what’s on his calendar.
The stock market's record-breaking rise could get derailed by oil.