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Posted
Jun 24 2008, 06:41 AM
by
Kim Peterson
Rating:
Nokia is buying Symbian, a company that makes operating systems for mobile phones. Nokia already uses Symbian software in its smartphones, so the move isn't a huge surprise. But in an unexpected twist, Nokia is going to make Symbian open and royalty-free for software developers. In doing so the company is clearly going after Google for the future of mobile phone systems. Nokia was already paying Symbian some $250 million a year to use Symbian's software in phones, analysts say. So buying Symbian outright for $410 million is smart business. Nokia shares were up slightly in morning trading to $24.48, and Google shares are down just slightly to $543.36.
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Posted
Jun 09 2008, 01:02 PM
by
Kim Peterson
Rating:
Why were Apple shares down Monday, with all the big iPhone news? Chalk it up to the typical storm of hype that surrounds Apple announcement. Expectations ratchet up so high that CEO Steve Jobs would have to juggle 10 iPhones on one foot to impress investors.
Apple stock was weak all day, but recovered in the final hour of trading. It closed down 2.2% on heavy volume to $181.61. Here's how Apple's news affected other stocks:
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Posted
Dec 17 2007, 04:00 PM
by
Charley Blaine
Rating:
With today's 61-point loss to 2,574.46, the Nasdaq Composite Index is back at a drop of 10% from a recent high.
Technically, that means the index is in a correction. What it really means is that the recovery off lows reached on Nov. 26 is basically done.
The Nasdaq has had two corrections this year alone. The first was from mid-July until the middle of the day on Aug. 16, when the market abruptly -- and violently -- turned higher.
The second started after the index hit a 6-year high of 2,859.12 on Oct. 31. It dropped to a low of 2,540.99 on Nov. 26, rebounded back to 2,652 and fell back again.
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Posted
Nov 09 2007, 12:12 PM
by
Robert Walberg
I'm sure you've heard the phrase the best offense is a good defense, well given the offensive nature of the market over the past month -- the DJIA, S&P 500 and Nasdaq indices are down by 8.4%, 6.7% and 7.0%, respectively -- it might just be time to adopt a more defensive posture with your portfolio. How do we reduce risk, while maintaining exposure to the market? Simple, we lower our portfolio's beta.
As defined on the Investopedia web site, beta measures a stock's volatility in relation to the market. By definition, the market (the S&P 500) has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market. A stock that swings more than the market over time has a beta above 1.0. If a stock moves less than the market, the stock's beta is less than 1.0. When the market is racing to new highs, we want stocks with high betas that will outperform, but when the opposite is true -- as is the case now -- we want stocks that either move down slower than the overall market or, better yet, move in the opposite direction.
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Posted
Oct 11 2007, 12:44 PM
by
Kim Peterson
Tech stocks are no longer the darling of Wall Street today, taking a tumble after going up-up-up all week.
It's about time. VMware's valuation has been ridiculously high for a while now. The stock quadrupled in two months and broke $100 this week, but today is down some 4%. Apple has been hitting a series of all-time highs, and got a nice price target increase from Goldman Sachs (to $190) before becoming the top drag today on the Nasdaq and S&P 500. Its shares closed at about $162.
Google shares have had a crazy day, hitting an all-time high today of $641.41 after getting a few price target increases from analysts like RBC Capital Markets' Jordan Rohan, who raised his target to $690 from $650. Shares had plunged to $621 by the end of the trading day.
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