Some of the names on the move ahead of the open.» Read More
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.
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
It was a record day for stocks as every sector finished the day in positive territory. The Dow Jones Industrial Average closed at an all -time high while the Nasdaq and S&P 500 were boosted by strength in tech shares. The S&P 500 finshed the day at a new six-year high.
Seagate Technology said Thursday it would buy closely held EVault, a closely held provider of online backup services, for $185 million in cash.