As the market broaches overbought territory, a correction is in store—just not necessarily a downward one. TheStreet.com offers technical analysis.» Read More
As the market broaches overbought territory, a correction is in store—just not necessarily a downward one. TheStreet.com offers technical analysis.
"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
*Bernstein cuts to underperform from marketperform- theflyonthewall.com. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
With three out of five major U.S. companies missing revenue forecasts, a lot of fingers are pointed at European weakness.
The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors. **BOEING CO, $91.15, up 3.3 pct. **APPLE INC, $401.20, down 1 pct.
Earnings: Still choppy, but mostly good news for tech and building materials.
Some of the names on the move ahead of the open.
The earnings train is about to leave the station, with reports due Tuesday from three Dow components, some transportation names and Apple.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
A new survey shows that the highest-paid internships aren't on Wall Street but in technology and social media.
April 8- Cisco Systems, IBM and Citrix have joined forces with other tech companies in a consortium to kickstart the corporate market for software-defined networking, aimed at making network management easier and cheaper.
Blackstone Group will visit Dell's headquarters to begin an in-depth analysis of the company, sources said, a strong sign the buyout firm is proceeding with an offer that could upset founder Michael Dell's $24.4 billion buyout bid.
Discussing whether there will ever be another stock like Apple, with Jeff Kilburg, KKM Financial. Kilburg explains VMware has a potential opportunity with companies that want a simpler server.
Take a look at some of Monday's midday movers:
CNBC's Jon Fortt reports VMware's stock takes a hit as Mirantis launches "FUEL."
Cyprus' way forward is unclear as the Russians reject a gas for loans proposal, and the EU objects to a move to take over pension funds.
Sectors that capture the global economy are down today: transportation, multi-industry, and tech stocks.
March 13- Software company VMware Inc promised annual revenue growth as high as 20 percent by 2016 and, with parent company EMC Corp, announced a new venture with a $1 billion revenue target, sending shares of both companies higher.
*EMC initially to own 69 pct of Pivotal, VMware to own 31 pct. *VMware shares up 7 pct, EMC shares up 2 pct. VMware said that the creation of Pivotal, a combination of both companies' data analytics and cloud application assets, would boost VMware's operating margins this year.
March 13- Data storage equipment maker EMC Corp plans to create a new company called Pivotal that would be 69 percent owned by EMC and 31 percent owned by its publicly traded affiliate VMware Inc, according to EMC Chief Executive Joe Tucci.