$600 Million Powerball: 1 Winning Ticket Sold in Fla.
17 Things You Should Always Buy New
"Apple (APPL) recently reported quarterly sales and profits that exceeded Wall Street's expectations by a country mile," notes dividend reinvestment expert Chuck Carlson.
The editor of The DRIP Investor explains, "The company's humongous cash haul begs the question -- when will Apple start to pay a dividend.
"Revenue rose 71%, while profits jumped 75% to $6.43 per share, beating the consensus earnings estimate by a whopping $1.03 per share.
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Top Picks 2011: Apple (AAPL)
This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.
"After its two-year romp from 85 to 320 you might be leery of buying Apple (AAPL)," notes Stephen Quickel.
The editor of US Investment Report explains, "The stock's advance has slowed noticeably since topping 300 in October. Even so, we regard Apple as one of our Top Picks for 2011 -- destined to crack above 400 in the year or so ahead.
Qualcomm Rises on Apple Rumors
Qualcomm (QCOM - option chain) shares are rising today on rumors that Apple (AAPL) has decided to use chips made by QCOM in its fifth-generation iPhone and second-generation iPad devices. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on QCOM.QCOM opened this morning at $45.07. So far today the stock has hit a low of $44.77 and a high of $45.61. As of 12:25, QCOM is trading at $45.28 up 0.97 (2.2%). The chart for QCOM looks bullish and S&P gives QCOM a positive 4 STARS (out of 5) buy ranking.
Good News for Adobe: Apple Allows Flash on Devices
Adobe Systems (ADBE - option chain) shares are rising today after after Apple (AAPL) announced it will relax restrictions on development tools used by mobile application developers. The change in policy allows developers to resume using ADBE's Flash software in their apps, which had been effectively banned before the announcement. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ADBE.
Continue reading Good News for Adobe: Apple Allows Flash on Devices
Closing Bell: A Good September Start (AAPL, BCSI, BKC, JPM, SLRY, RDC, APOL)
After a weak August, stocks got off to a great start in September. The international markets were already trying to offer a bounce for support this morning, and stocks rose as Treasury prices fell after the ISM manufacturing data showed a surprise gain overall. Several smaller regional reports on manufacturing over the last ten days were offering very cautious data, so it was a welcome and somewhat unexpected surprise.Here were today's unofficial numbers:
Dow Jones 10,269.70 +254.98 (2.55%)
S&P 500 1,080.27 +30.94 (2.95%)
Nasdaq 2,176.84 +62.81 (2.97%)
Top Analyst Calls
Continue reading Closing Bell: A Good September Start (AAPL, BCSI, BKC, JPM, SLRY, RDC, APOL)
Will New Apple TV Include Netflix Support?
Apple (AAPL) is going to have a big day Wednesday, which could include announcing a new Apple TV with Netflix (NFLX) support, and the fourth generation of the iPod Touch.According to a report on Bloomberg, Apple will be announcing the new Apple TV with streaming Netflix videos today at its music-themed press conference.
Three Tech Game Changers You Don't Want to Miss Out On
We are now in the most interesting time of each quarter for stocks and the market: earnings season. Sure, earnings are always important, but this one is about as significant as it can get because the U.S. economy and stock market are at such a crossroads.In our modern world, technology is now one of the most closely watched sectors in every earnings season because it is central to our economy. Here are 3 tech stocks to buy that are reporting this week and that deserve a close look.
Continue reading Three Tech Game Changers You Don't Want to Miss Out On
Apple Stock Soars to All-Time High Following Strong Earnings Report
Shares of tech giant Apple Inc. (AAPL) rose to a new all-time high Tuesday afternoon after the company posted a 90% increase in profit for its fiscal second quarter, spurred by strong sales of its popular iPhone.Heading into the earnings report, analysts had forecast $2.45 per share, but Apple shattered those estimates by posting $3.33 a share for the quarter. During the same period last year, the company reported earnings of $1.79 per share.
Continue reading Apple Stock Soars to All-Time High Following Strong Earnings Report
Facebook Finds Its Edge on Twitter
Has Facebook found its edge on Twitter? The largest social networking site in the world, with more than 400 million users, has struggled to strike a decisive blow against the microblogging service, which surged to a user base of 60 million last year. Despite the large disparity in members, the two have been fighting for ownership of the "status update." The latest data from Facebook, however, shows that it may have an angle for beating Twitter.According to Facebook-watcher InsideFacebook, 25% of the company's 400 million users access the social media platform from mobile devices, putting it squarely in Twitter's domain. That's 100 million mobile users, putting it up 67% relative to Twitter. The battle for status from mobile devices is where you'd expect to see the fight fought, but the other utilities being accessed from smartphones may ultimately determine the winner.
Can Hopes Get Too High for Apple's 'Jesus Slate'?
It seems that you can't swing a dead iPod in the financial media lately without hitting an article about Apple's (AAPL) hotly anticipated "iSlate" (and yes, I realize I am part of the problem right now). The Cupertino, Calif.-based company is unveiling its latest gadget in San Francisco next week, and just about everyone is predicting that it will be a touch-screen tablet computer.Continue reading Can Hopes Get Too High for Apple's 'Jesus Slate'?
Apple App Store: Billions and Billions Served
McDonald's (MCD) isn't the only company tapping into the "billions" game. In a bit of chest-thumping while Google (GOOG) announced its new cell phone, Apple (AAPL) let the world know that iPhone and iPod Touch users have pulled down 3 billion applications from the company's App Store since its launch a year and a half ago.
Steve Jobs, the company CEO, said, "This is like nothing we've ever seen before." He didn't reveal how many of these apps were free -- and whether billions and billions of downloads translate to billions and billions of dollars.
Continue reading Apple App Store: Billions and Billions Served
Closing bell: Market Lacks Conviction, Again (AAPL, NOK)
The DJIA has not moved much since mid-month and today was no exception with all three major indexes close to flat.The Conference Board said that its Consumer Confidence Index rose to 52.9 for December, up from up from 50.6 in November. Both numbers are extremely low compared to a reading of closer to 90 in an expanding economy. The S&P/Case-Shiller index of home price rose a tiny .4% from September to October, but the most recent figure for the housing market was still down 7.3% from last year. Housing prices may be about to find a bottom, but, if so, the case for it is still shaky.
The unofficial closing bell numbers:
Dow 10,545.41 -1.67 (-0.02%)
S&P 500 1,126.19 -1.59 (-0.14%)
Nasdaq 2,288.40 -2.68 (-0.12%)
Continue reading Closing bell: Market Lacks Conviction, Again (AAPL, NOK)
Apple Spikes on Rumors of Tablet
Apple (AAPL) got an early Christmas present, as its shares hit an all-time high on Thursday. The excitement over its much-anticipated tablet computer is growing, and word is a major launch event is planned for the device in January (keep an eye on San Francisco). Apple still hasn't admitted to the project, but that didn't manage to dampen speculation. Yair Reiner of Oppenheimer said in a note to investors this month that Apple could have a tablet out on the streets by the beginning of April. Brian Marshall, an analyst at Broadpoint AmTech, sees the product reaching shelves by the end of the first quarter. Marshall sees the stock continuing to push upward next year, as "people are coming back to the well."
Cyber Monday a success, despite Black Friday
The online push from Black Friday continued into Cyber Monday. Coremetrics, a web analytics company, found that sales were up 19.6% year-over-year as of 1:00 PM Monday. Online may account for only 10% of spending during the holiday season (7% overall), but it remains the bright spot in what has been a lackluster kickoff to the holiday season.
Black Friday spending was up only 0.5% this year, though Black Friday online spending jumped 35%. For Friday and Saturday, ShopperTrak reports that retail sales were up 0.9% to $16.77 billion, while customer traffic dropped 2.7%.
Continue reading Cyber Monday a success, despite Black Friday
Android gets a red light district
Tired of the prudes over at Apple (AAPL), who keep a tight leash on filth in iTunes? Well, it seems like the folks at Google (GOOG) are keeping an open mind. Even though its Android Market isn't playing in the adult space, Google isn't preventing adult-only content from getting on its devices, while Apple has made it a point to keep its iPhones and iPods clean from the start.
The latest entrant into the Android experience is a company called MiKandi (say it, "my candy"), which provides mobile access to the hot stuff you can enjoy on a screen of any size. MiKandi has no connection to Google other than the use of its technology.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
