Some of the names on the move ahead of the open.» Read More
Research in Motion has received clearance to sell its popular BlackBerry device in China after eight years of trying. The Canadian-based company says it is finalizing the delivery of its products there.
Stocks closed higher on Monday and Wall Street kicked off the third quarter with triple-digit gains in the Dow as interest rates continued to slide. "It's largely in reaction to the yield on the 10-year coming back under 5%," said Dan McMahon, head of listed trading at CIBC World Markets. "It's a positive development for stocks."
Here's a look at the potential winners and losers with the debut of Apple's wireless device.
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
Stocks edged higher for the week, closing out a solid first half, but there was little to celebrate going into the July 4th holiday.
Stocks closed a wild trading session modestly lower, but the Dow still managed to end the quarter with a three-month gain of 8.5%. "It was a little all over the place today, but I was happy to see the rally at the end of the day," said Joe Ranieri, managing director of Nasdaq trading at Canaccord Adams.
Shares of BlackBerry maker Research In Motion jumped 18 percent in early trading on Friday, a day after the company reported better-than-expected quarterly earnings and strong subscriber growth for its popular wireless e-mail devices.
Stocks may open higher after early weakness on this final day of the second quarter. European markets are mostly lower, and Asia was mixed with Tokyo up 1%. The discovery of an explosive device in a car in London impacted market tone in Europe.
Blackberry device maker Research In Motion posted earnings of $1.17 a share, up from 67 cents a share a year earlier, beating analyst estimates of $1.06 a share. Palm, however, posted lower quarterly profit and revenue even as it reported record sales of its Treo smartphones.
Both Palm and RIMM numbers are out and the two could not have drawn a more stark contrast to each other. RIMM announced a 3 for 1 stock split on blockbuster earnings: $1.17 vs. the $1.06 the Street was looking for. Revenue also beat: $1.08 billion instead of the $1.05 anticipated. Unit shipments came in at 2.4 million, just as expected. But new subscribers soared: 1.2 million instead of the 1.14 million projected by the Street.
If you're holding Apple stock, or want to, and haven't asked these five financial questions, you should. 1. What if the iPhone is a bust? What will that do to Apple stock? "If the device doesn't hit, and continue with a real strong bang, people might be deflated here," says Jonathan Hoopes at ThinkEquity. "Believing that the iPhone, if it's not as successful as those who think it will be, is gonna bring the down the company's other businesses."
Apple Inc.'s iPhone may have a corner on the smart phone headlines, but Research in Motion and Palm will generate some news of their own when they release earnings after the bell today.This will shape up into a tale of three companies: One might be too hot, the other too cold, and the last might be just right.
There’s no such thing as a good stock tip – so don’t waste your time with them.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.
Did the Bear Stearns hedge-fund blowup scare you out of the market? Here are some picks to get you back in.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.
Update: I am out of the office Monday the 25th through Wednesday. Be sure and check back with me later this week. One week from today, Apple Inc. will unleash its iPhone on what appears to be a ravenous marketplace; panting about the prospects, pouting about the long lines expected and the chance consumers who want one may not get one on that first day. For Apple though, it's all about ringing up sales, or racking up risk: Will iPhone measure up to all the hype it has enjoyed these past several months. What hype, you might ask?
Cramer resolves an existential crisis about his career. Plus, the best tech plays in the market right now.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.
As Apple prepares to debut the iPhone in 11 days, David Garrity, director of research at Dinosaur Securities, joined “Morning Call” to weigh how it will compete with other “smart phones” on the market.
The man they call "The Duck," Angel Cabrera, was one of two players who finished under par after the first round of the U.S. Open on Thursday. But oddsmakers didn't respect the 37-year-old, who had a previous U.S. Open high of a seventh place finish in 2001 and missed three of seven cuts in PGA Tour events this year. That's why on Friday morning, if you had a hunch for Cabrera, you could have dropped $100 to won north of $2,500 on Sunday. Wanted to wait until Sunday morning?
CIO.com is an online resource for Chief Information Officers, you know, the head IT guys. And whether they live here or in India, they share a common fate: doomed to a maze of pipelines, processes, and Bluetooth earphones. The site recently did a survey over which wireless devices create the most "buzz" around speakers (BlackBerry Pearl is the buzziest). But my favorite recent column (yes, it's true, I occasionally read something called CIO.com) is titled "Dairy of a Tired CTO."
It goes without saying that Apple’s iPhone -- 18 days from its launch -- is one of the year’s most anticipated product launches. But when it hits the market on June 29, it will face lots of competition from rival smart phones -- many of which are already available. Sascha Segan, an analyst at PC Magazine, displayed several alternatives to the iPhone on “Power Lunch.”