by Diane Alter
The Dow Jones Industrial Average and the S&P 500 reached new records early Thursday, a day after the S&P 500 logged its eighth record high of the year. But by midday, the gains had faded.
Investors remain guarded ahead of Friday's closely watched jobs report, typically a big event for markets. Nonetheless, plenty of stocks were moving higher on corporate news, earnings, and analysts' actions.
These 24 hot stocks are moving higher. Here’s what’s behind the gains...
by David Zeiler
Wall Street darling Plug Power Inc. (Nasdaq: PLUG) gave investors even more cause for optimism by announcing yesterday (Wednesday) after the market close that it had acquired fuel-cell stack developer ReliOn Inc. for $4 million in stock.
The news sent Plug Power stock up 4.5% in after-hours trading yesterday, though the stock was only up about 1.5% in mid-day trading today (Thursday).
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The Alibaba IPO is scheduled for 2014, and the Chinese e-commerce company has remained busy throughout the past year, spending more than $2.7 billion on acquisitions.
But this week, Alibaba Group Holding Ltd. made a surprising acquisition when it bought a minority stake in a Chinese department store retailer. On Monday, Alibaba announced that it had spent nearly $700 million for a 25% stake in Intime Retail Group.
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Today (Thursday) is the first trading session for Google Inc. (Nasdaq: GOOGL) following yesterday's 2-for-1 stock split, and shares were up nearly 3% in early trading.
The Google stock split yesterday means shareholders of record as of March 27 received an additional share for every share they previously owned, and share value was halved. Through the deal, investors who owned "Class A" shares were given "Class C" shares.
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by Shah Gilani
I don't know about you, but I'm ordering Michael Lewis' new book "Flash Boys: A Wall Street Revolt" – and I'm ordering it today.
Of course, Michael Lewis is the author of two of the biggest-selling books ever written about Wall Street: "Liar's Poker" (1990), an autobiographical portrait of excessively greedy bond traders during the 1980s, and "The Big Short: Inside the Doomsday Machine" (2010), which chronicles the housing bubble that led to the Great Recession in 2007.
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Top stock market news today, April 3, 2014: The Dow Jones Industrial Average was up 40.39 points yesterday to finish at 16,573.00. The Nasdaq increased 8.42 points, finishing at 4,276.46, while the S&P 500 climbed 5.38 points to finish at 1,890.90. The S&P 500 touched another record yesterday on positive economic data. February factory orders increased, while private-sector hiring in March increased to its fastest rate in three months.
Stock futures were up this morning, following news that China will likely increase stimulus efforts in the coming months in order to support its 7.5% targeted growth rate.
Here are the 5 biggest stories in the top stock market news today...
As the rush to export liquefied natural gas (LNG) gathers steam, the Energy Advantage portfolio is primed for even bigger gains.
Make no mistake, LNG exports are now set to hand us one of the best investment opportunities of the decade.
That's a stunning reversal from just seven years ago, when everyone agreed the United States would be using LNG imports to meet 15% of its gas needs by 2020.
However, the unconventional shale boom (shale, tight, and coal bed methane) has changed everything we used to think about natural gas.
Now, even the most conservative Russian estimates acknowledge that the U.S. could be providing between 6% and 8% of all LNG exports worldwide by 2020.
In fact, Cheniere Energy Inc. (NYSE: LNG) has already garnered no fewer than five huge, multi-billion dollar, 20-year contracts with some of the largest European and Asian importers.
But new developments have suddenly thrown up another hurdle that threatens to delay all of this economic promise.
Here's the countermove that's brewing in Washington, D.C…
by David Zeiler
As Bitcoin use grows, more and more companies are springing up to exploit the unique capabilities of the digital currency, and that means we're seeing more cheap Bitcoin stocks coming to market.
In fact, pretty much all the Bitcoin stocks that have appeared so far are penny stocks. Larger start-ups, like Bitcoin ATM companies Robocoin and Lamassu, may go public at some point, but until then we're left with the Bitcoin penny stocks.
Dow Jones Today: At the closing bell, the Dow Jones Industrial Average was up 40.39 points to finish at 16,573.00. The Nasdaq increased 8.42 points, finishing at 4,276.46, while the S&P 500 climbed 5.38 points to finish at 1,890.90.
Here's a recap of other major events today:
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Apple Inc. (Nasdaq: AAPL) is reportedly interested in acquiring Renesas SP Drivers, a Japanese chip maker whose products are designed to improve smartphone image display and preserve battery life.
Apple would pay approximately $482 million for a 55% stake in Renesas, a sum that would value the chip maker near $1 billion.
Hint: It has to do with the iPhone...
