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September 15, 2016
The Apple stock price is rising because investors realized this week that the analysts were wrong about the iPhone 7.
For months they predicted that the iPhone 7 would be a boring upgrade that would fail to revive sales. But as is often the case, Wall Street drastically underestimated the potential of the iPhone 7 and its impact on AAPL stock.
August 11, 2015
8/5/15 S: Shares of Sprint Corp. (NYSE: S) were up nearly 4.5% on the morning of Aug. 4 on news the nation's third-largest cellular operator announced that its CFO Joseph Euteneuer will be leaving the company during its quarterly earnings report. The firm reported lower revenue than Wall Street had anticipated but did hike its […]
February 9, 2015
The RadioShack bankruptcy (OTCMKTS: RSHC) is official, and the NYSE has delisted its shares from the index. The company filed Chapter 11 on Thursday, but there's a chance the brand will survive after reorganization. Under a last-minute deal, its emergency lender, hedge fund Standard General, will purchase up to 2,400 of the retailer's remaining stores. […]
Shares of Verizon Communications Inc. (NYSE: VZ) slipped more than 2% this morning on news that the company expects weaker profits in the fourth quarter due to a hike in promotional offers and discounts. It was just last week that Sprint Corp. (NYSE: S) announced a new pricing scheme to poach customers away from AT&T […]
February 3, 2015
U.S. e-commerce giant Amazon.com Inc. (Nasdaq: AMZN) is reportedly in discussions to purchase a portion of RadioShack Corp. (NYSE: RSH) as the struggling retailer files for bankruptcy, according to Bloomberg. A source said Amazon would consider using former RadioShack stores as pickup and drop-off centers and as a showcase center for hardware products like the […]
January 22, 2015
Shares of Verizon Communications Inc. (NYSE:VZ) were down roughly 0.5% this morning despite the company reporting that its quarterly earnings report matched consensus estimates. The firm reported that its revenue was above expectations as its tablets business outperformed last quarter. The drag on the stock could be the result of news that Google Inc. (Nasdaq: […]
U.S. stock futures for Thursday, Jan. 22, forecasted a 70-point increase from yesterday's close.
This morning, investors jumped on an announcement by Mario Draghi and the European Central Bank (ECB) of a massive bond-purchasing program to help kick-start the struggling continent's economy to the tune of 60 billion euros a month.
December 3, 2014
Telecom shares slumped today on renewed concerns about a price war for wireless services heading into 2015. Sprint Corp. (NYSE: S) announced yesterday it would cut monthly service costs to users who switch from rivals Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T). Similar offers have been provided by T-Mobile U.S. Inc. (NYSE: TMUS) in the past, weighing down the sector. Verizon shares fell […]
November 4, 2014
The nation's third-largest mobile company, Sprint Corp. (NYSE: S) announced plans to slash 2,000 jobs as part of a broader effort to reduce costs. The company's stock fell by almost 14% in pre-market hours after the company missed earnings expectations in the fiscal fourth quarter. These disappointing results, however, did occur during a major leadership transition. […]
August 19, 2014
Price Wars: Shares of Sprint Corp. (NYSE: S) were down in premarket hours after the company announced plans to slash its subscription charges and ignite "disruptive pricing" to the telecom world. According to reports, the company will allow customers access to 20 gigabytes of data and up to 10 lines for $100. As the stock […]
August 6, 2014
Stock market today, Aug. 6, 2014: U.S. markets were sluggish this afternoon, with benchmarks eking out modest gains. Concerns about geopolitical pressures in Ukraine temporarily abated, but investors are taking notice of brewing economic problems in Europe.
Gold prices were up nearly 2% on the day, surpassing the $1,300 threshold this afternoon.
June 5, 2014
Now that Sprint Corp. (NYSE: S) has agreed to pay more than $32 billion for T Mobile US Inc. (NYSE: TMUS), investors are looking for the best way to profit from this mega-deal.
And Money Morning's Chief Investment Strategist Keith Fitz-Gerald has found a hidden profit opportunity.
Fitz-Gerald appeared on CNBC's "Street Signs" Wednesday and detailed how investors can start profiting now from the Sprint and T Mobile deal. He also discussed the factors facing the deal as company officials seek regulatory approval.
May 20, 2014
The Dow Jones Industrial Average plummeted more than 100 points on Tuesday after a sharp selloff in retail stocks rattled the markets.
Here are today's closing numbers: