The BlackBerry CEO wrote an open letter online to the company's phone users in anticipation for the Classic launch.» Read More
Robust demand for cheaper phones boosted third-quarter earnings at Nokia, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher Thursday.
JPMorgan Thursday said it expected Chinese Web search company Baidu.com to report third-quarter revenue in line with the Wall Street consensus but slightly below the investment bank's own previous target.
No love from the stock market today, and frankly, not even the most rabid bulls (and I am bullish) can complain. Think about it: September retail sales was even worse than were thought; many retailers lowered earnings: energy stocks lowered earnings yesterday...
Is there no end in sight for Google and its shares? Last week when the company was oh-so-close to $600, I wrote that price targets would be on the move now that the company was teasing investors with yet another key milestone on its journey to the stratosphere, and sure enough, Bear Stearns revised its 52-week target to $700 just two days later.
Is the U.S. economy recovering? If so, here are the stocks to buy.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.
Stocks rallied on Friday, sending the S&P 500 index to a new closing record, as a solid employment report rekindled optimism about the outlook for economic growth and corporate profits. The Dow Jones Industrial Average, meanwhile, traded above its record close for much of the session but gave back some of those gains.
Research in Motion certainly got tongues wagging, and the sweat dripping, and the Apple fanboys wondering what it all means for iPhone. They got a little nervous there when RIM's numbers came out and the stock began to deflate. Nervous again when the rally in RIM shares failed to take off...
BlackBerry maker Research In Motion broke through the 10 million subscriber mark at the end of the second quarter and said it's expecting the growth in accounts to accelerate as the company targets the consumer market, sending its shares spiraling upward.
Research In Motion, maker of Blackberry wireless devices, reported second quarter earnings in line with estimates and raised guidance for the third quarter. "I like it, the results were good and guidance was quite strong," said Nirav Parikh, an analyst at TCW.
Shares of Research in Motion took a bit of a hit in after-market trading the moment its earnings were released. Seems like a classic "sell on the news" kind of reaction, but this stock could yet turn around during the company's conference call.
With all the attention paid to Apple Inc. and its iPhone, lost in the coverage is RIM's meteoric rise. And today's earnings report could ignite an after-burner like investors haven't seen yet. RIM has done something other smart phone makers haven't been able to achieve: cross over from business and enterprise clients to consumers.
So close, but so far yesterday, and now it appears investors will have to wait a little longer for Google to hit that magic, $600 a share milestone. This isn't quite "Dow 10,000," but the numbers are nothing short of staggering.
Palm is painting a disappointing quarterly outlook -- and urging investors to be patient as it strives to regain strong growth, even as rivals' stock prices reach trading highs amid their own robust sales.
Cell phones and BlackBerrys were buzzing Monday with news from the wireless world. Nokia (NOK) plans to buy GPS company NAVTEQ (NVT) for $8.1 billion. Meanwhile, Palm (PALM) earnings came out after the bell and Research In Motion (RIMM) earnings are released Thursday. How do you trade it?
Some snap reaction to the first quarter earnings numbers from handset maker Palm; the good, the bad, and the ugly. Palm's report was essentially right in line with expectations: The company reporting 9 cents in adjusted profits, or a penny per share loss if you take out the stock-based compensation charges.
The numbers are flying fast and furious today: Nokia snapping up GPS mapping leader Navteq for a staggering $8.1 billion. Many on the Street are scratching their heads at such a high valuation but wow, dig a little deeper and Nokia may have stumbled upon something that other handset makers missed, or weren't willing to pony up the cash to make something ambitious and forward-thinking really happen.
October's normally the month to fear on Wall Street, but it'll be hard to top the scary volatility of the summer. A hefty economic calendar, the start of corporate earnings season, news from the mired housing market, and the continuing unwinding of the credit crunch will keep market volatility high this coming month.
Buy Google, Research in Motion and Apple. No, wait, sell them. What's this guy talking about? Let him explain.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.
Palm introduced its smallest smartphone on Thursday, making its first push into the low end of the mobile market in a bid to revive growth prospects and offer a cheaper alternative to Apple's iPhone.
Stocks moved to session highs on Wednesday on speculation billionaire investor Warren Buffett was considering taking a 20% stake in Bear Stearns. The New York Times reported on its Web site that Bear Stearns was in serious talks with several outside investors, including Buffett.