Apple’s shares took a turn for the worst today in after hours trading, falling nearly 11%. First, Jobs failed to enlighten Apple fans with the Mac Air Notebook. Then Apple said they expect weaker outlook for the second quarter placing huge weight on the stock. For a long while, Apple seemed to […]
In recent years Sears Holdings has taken a beating but Eddie Lambert has been able to continuously help the retailer bounce back. The restructuring could create separate units to manage Sears real-estate holdings and run brands such as Diehard and Craftsman, the Wall Street Journal reported. Lambert sees the move as a way […]
NYSE Euronext has agreed to acquire the American Stock Exchange (AMEX) for $260 million in stock. The deal will boost NYSE Euronext’s options business and exchange traded funds (ETFs). As part of the deal NYSE Euronext will get the old AMEX building where it can grow its options business. Recently, all the […]
Recently Cramer noted that his favorite comeback tech stock is EMC. It is down more than 34% since October and should benefit from its huge stake in VMware once it can begin selling stock in February. Cramer also notes that he likes the company’s international exposure and the company’s new flash-based products. Cramer […]
Citi is on the hunt for more cash after posting a fourth quarter loss of from write downs of 9.83 billion. The Group stated that write downs could reach as much as 18.1 billion. Since the mortgage debacle, Citi has been looking for outside investors to throw cash at the banking giant. […]
This year (and every year for that matter) the prudent investor should always be on top of the market news and continue to strive to stay on top. There are a lot of great websites and blogs that offer great market news. Yahoo Finance has always been one of my favorite sources for […]
