U.S. stocks traded mixed Wednesday as Wall Street appraised results.» Read More
Confirming its long-rumored foray into the mobile market, Google said Monday it is developing a free cell phone software package so the Internet search leader can more easily peddle ads and services to people who aren't in front of a PC.
Chip maker Broadcom posted a 75 percent drop in quarterly profit Tuesday, missing market forecasts as R&D and litigation costs offset higher revenue, sending its shares down 4.5 percent.
Stocks ended broadly higher amid continued strength in the tech sector, which gained following Research in Motion's deal to distribute BlackBerry smartphones in China, along with strong earnings reported by Apple.
As suspected the market cares more about Apple's earnings than anything else this morning. However, a number of other important companies came through, with a couple exceptions. At American Express, investor concerns about a slowdown in card spending and an increase in charge offs did not materialize.
A quarterly profit increase of 10 percent at Texas Instruments represented both good - and not-so-good news for Texas Instruments
As I reported last week, tech was the bright lure in an otherwise fishy market. Well, we saw just how stinky that market could become Friday when not even tech brought buyers in the door. But those buyers were the first ones back in on Monday, and Apple promises to keep the tech fire burning. It reported a 67% jump in fiscal fourth quarter profits earnings to $904 million or $1.01 per share, well above expectations. Apple shares were sharply higher after hours.
Texas Instruments said quarterly earnings grew 16 percent from the year-ago quarter thanks to strong analog chip sales, but the mobile chipmaker forecast revenues below analysts' estimates, sparking a drop in its stock.
Stocks rallied late in the session to end a seesaw trading session higher as bargain hunters stepped in despite economic concerns and worries about global credit markets. "It seems like a little bit of a bounce back from Friday's Armageddon," said Mike Burnick, director of research at the Sovereign Society.
And the bell rang and what happened was a very modest late day rally. Perfect. A big selloff, and fear levels would go way up. A big comeback, and the bears--who have gained a great deal of traction in the past week--would be throwing stones immediately. Very modest rally is just the right reaction.
When you hear the names Intel, Qualcomm and Texas Instruments, healthcare isn’t the first thing that comes to mind, but that could change.
The European Commission said on Monday it had decided to open formal anti-trust proceedings against Qualcomm over the U.S. company's patent licensing rates for third-generation mobile telephones.
Intel said on Wednesday it had won a mobile WiMax chip order from the world's top cellphone maker Nokia, which will use its semiconductors in Internet-focused devices from 2008.
Whether its Rudy or Hillary next year, the real winner may be the stock market. History shows that the S&P 500 rallies going into an election year. How do you trade it?
Stocks closed higher after strong corporate earnings and a weaker yen encouraged investors already re-energized by recent rate cuts by the Federal Reserve. "With the yen weaker today you're seeing some money flow back into some of the riskier assets, U.S. stocks included," said David Lutz, senior trader at Stifel Nicolaus.
When it comes to these stocks, you can't fight the Fed.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.
Texas Instruments said Friday its board has approved an additional $5 billion share buyback and the company plans to raise its quarterly cash dividend by 25 percent.
Intel shares slipped Friday, after a Merrill Lynch analyst downgraded the chipmaker's stock to neutral from buy.