“Mad Money” host Jim Cramer is eyeing the Middle East’s impact on oil.» Read More
*Panasonic soars to the highest since Nov 2008. *Toshiba tumbles after SanDisk cut outlook. TOKYO, March 27- Japan's Nikkei share average edged up on Friday morning in choppy trade as investors bought stocks on the dips after the previous day's falls, while Panasonic Corp attracted buying after it announced an acquisition plan.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Red Hat Inc., up $6.91 to $75.36. Winnebago Industries Inc., down $3.40 to $20.39.
Halftime's hottest trades today: 7 trades in 50 seconds. Hitting on, United Pacific, IBM, tech, LuLuLemon, the banks, tobacco stocks, and upcoming earnings.
Advanced Micro Devices Inc. rose. 8 percent to $2.65 with 27,843,800 shares traded. Apple Inc. rose. 7 percent to $124.24 with 45,918,300 shares traded. Applied Materials Inc. fell 1.0 percent to $22.40 with 34,520,300 shares traded.
SanDisk Corp. fell 18.7 percent to $66.04. Sucampo Pharmaceuticals Inc. fell 16.4 percent to $14.07. Vascular Biogenics Ltd. fell 13.3 percent to $6.26.
*SanDisk tumbles after outlook cut, hits chipmakers. Semiconductor stocks were under pressure for a fourth straight session as SanDisk tumbled 18.1 percent to $66.47 after cutting its revenue outlook. The headwinds for SanDisk are company-specific according to King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.
Walter Piecyk, BTIG analyst, explains why he downgraded SanDisk.
Losses were bigger in Europe after Saudi Arabia launched strikes on key military installations in Yemen. The price of oil rose $1.30 to $50.51 a barrel in New York. SanDisk dropped 17 percent, the most in the S&P 500, after the maker of flash memory chips cut its revenue forecast.
CNBC's Jim Cramer said analysts need to stop pushing SanDisk's stock amid its latest guidance cut.
NEW YORK— A see-saw day for U.S. stocks ended with slight losses on Thursday, giving the market its fourth drop in a row. Edgy investors continue to monitor violence in the Middle East and the rapid ascent of the U.S. dollar, which is causing companies to pull back their profit forecasts for the year. "We have been due for a pullback," said Brad Sorensen of the Schwab Center...
*SanDisk tumbles in premarket after outlook cut. NEW YORK, March 26- U.S. stocks fell at the open on Thursday to put the S&P 500 on track for a fourth straight decline, after Saudi Arabia and its allies launched air strikes on Yemen. "Obviously the situation in Yemen is being used as the excuse for this pullback, which is a continuation of yesterday," said Peter Cardillo,...
*SanDisk tumbles in premarket after outlook cut. NEW YORK, March 26- U.S. stocks were poised for a lower open on Thursday to put the S&P 500 on track for a fourth straight decline, after Saudi Arabia and its allies launched air strikes on Yemen. Obviously the situation in Yemen is being used as the excuse for this pullback, which is a continuation of yesterday, "said Peter...
CNBC's Jim Cramer explains why analysts need to forget about SanDisk.
MILPITAS, Calif.— Flash-memory chip maker SanDisk is cutting its fiscal first-quarter revenue forecast partly because of lower-than-expected sales of enterprise products and lower pricing in some areas of the business. SanDisk now expects first-quarter revenue of about $1.3 billion. SanDisk said that it anticipates the factors, along with previously...
Some of the names on the move ahead of the open.
*SanDisk tumbles in premarket after outlook cut. NEW YORK, March 26- U.S. stock index futures were lower on Thursday to put the S&P 500 on track for a fourth straight decline, after Saudi Arabia and its allies launched air strikes on Yemen. *Oil prices spiked, with Brent crude up 3.4 percent to $58.40 and U.S. crude up 3.5 percent to $50.93 after warplanes from Saudi...
Equities tend to gain in the period leading into interest rate tightening cycles, then reverse when the tightening begins.
U.S. stocks closed mildly lower on amid continued concern over dollar gains and the timing of a Fed interest rate hike.
SanDisk rallies, Goldman adds to Conviction Buy list. Sandisk Corp rose 4.8 percent to $84.01 after Goldman Sachs added the company to its "Conviction Buy" list. Express Inc rose 2 percent to $15.25 after fourth-quarter earnings and sales topped expectations.
*SanDisk rallies, Goldman adds to Conviction Buy list. NEW YORK, March 11- U.S. stocks were little changed on Wednesday, off their highs of the session, as investors continued to focus on when the Federal Reserve would adjust its rate policies. Wall Street fell sharply on Tuesday, with the S&P 500 suffering its biggest one-day decline in two months, surpassing a...