Technology stocks in the U.S. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.» Read More
Federal Reserve Chairman Ben Bernanke said the economy should grow at a slow pace before recovering later in the year. What's the word on the Street?
Seagate Technology on Thursday reported a near tripling of quarterly profit, fueled by mounting demand for hard disk drives from businesses and consumers that left its plants short of supply.
All of us in California, indeed millions across the country, were gripped by those horrific images of the raging fires in Southern California. And in the midst of the tragedy, when we had a chance to hear from the victims fleeing their homes, they were usually asked what they grabbed as they were evacuating.
Here are my morning observations: 1) Techs come through: after the disappointment of yesterday, when many regional banks hit new lows, the news flow is far more positive. We said last week techs had to make some positive noises to justify their recent runups: Yahoo, Intel, and Seagate all were better than expected.
Seagate Technology on Tuesday posted a higher-than-expected quarterly profit, as the maker of computer hard drives saw revenue rise nearly 18 percent. Seagate also gave profit and revenue forecasts that beat expectations.
Hitachi, Japan's biggest electronics conglomerate, is considering selling a stake in its hard disk drive arm to a strategic investor to help it turn the loss-making business around, sources close to the matter said.
Cramer makes the call on viewers' favorite stocks.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.
Could a new pharmaceutical partnership be the best way to trade the rise in diabetes? In Thursday’s Web.Extra the traders reveal how to play the latest news. Also get their trades on hard drive behemoths Western Digital and Seagate.
Western Digital, the world's second largest computer disk-drive maker, boosted its fiscal first-quarter earnings and revenue forecast on Monday due to improved demand, pricing and product mix. Shares rose sharply following the increased guidance.
I attended a meeting of about twenty-five hedge fund traders last night. These informal gatherings are fairly common on the Street; they're often sponsored by sell-side trading houses. Usually, it's a discussion on long and short positions of the various traders.
Stocks closed higher on strong economic data, but gains were limited because of uncertainty whether the Federal Reserve will cut interest rates. "Today the data was great--the ISM, retailer sales--but tomorrow it might not be," said Stephen Porpora, managing floor broker at William O'Neil.
The Altria board, as expected, announced the spinoff of its Philip Morris International division. Precise timing of the spinoff will be announced at its regularly meeting on January 30, 2008. Also, as expected, voted to increase the dividend 8.7% to $0.75. The stock is still up, but off its highs; no statement on increased buyback, or cost reduction efforts.
Is the money too good to ignore?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.
Earnings remain the focus of traders going into the weekend, but analysts say the potential impact of rising crude oil and subprime troubles will also be on the minds of traders. Today is also an options expiration Friday.
Warner Music, Seagate, Jack in the Box, Steel Dynamics and more...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.
Douglas Kass, President of Seabreeze Partners, a hedge fund that shorts the market, told CNBC’s “Squawk Box” that he believes the bear will wake from his slumber and soon growl at increasingly sour market conditions.
Hey everyone. Here's a quick look at Seagate-a stock some of you hold (especially some celebs in Trading With The Stars) as discussed on CNBC-TV today. Anchor Erin Burnett talked with the president and CEO of Seagate--William Watkins--after the company released a "bad" earnings report. The company's net income was down a whopping 22.6% and EPS fell 4 cents below estimates.
Celeb and champion poker player Chris Moneymaker widens his lead in first place to almost $60K with the smart bet on Rio Narcea Mines which was up 3.33%, and Garson lost on Mattel which was down 0.85%. AND--maybe more importantly-- Hall of Fame catcher Johnny Bench moves up two more spots from 8th to 6th on gains in American Oriental Bioengineering and CKX . Go, Johnny go!
Stocks closed modestly higher on Tuesday as the Dow Jones Industrial Average stretched its winning streak to eight straight sessions. Still, caution ahead of the beginning of earnings season kept many investors on the sidelines.
The computer hard drive maker said late Monday that quarterly sales are likely to fall below previous estimates due to falling prices and less-than-expected demand for one of its products.