Items tagged with Stock

Billionaire investor and activist shareholder Carl Icahn didn't blink twice at Apple becoming the world's first $700 billion company. In fact, he thinks the Cupertino outfit is worth nearly twice as much. According to Icahn, Apple's stock should be trading at 20 times earnings per share -- with net cash of $22 per share, that comes to $216, well above the $126.45 price it's going for now. And at $216 per share, Apple would be worth a staggering $1.3 trillion. "This is why we continue to own approximately 53 million shares worth $6.5 billion, and why we have not sold a single share," Icahn stated in a letter to his Twitter followers. He went on to add that if Apple introduces a TV next year or... Read more...
I always find it interesting to watch how investors react to different Apple related news. Here is a company that, more often than not, posts record quarters with sky high revenues and profits that most firms only dream of, yet stock holders look for any sign to hit the panic button, sending shares down temporarily. And you know what? I predict it's getting ready to happen again as news spreads that Apple's market valuation is at an all-time high. Apple ended the trading day yesterday at $122.02 per share, giving the company a $710.7 billion market valuation, the highest ever for a U.S. company. At the time of this writing, the stock is trading at $123.47 for a market cap... Read more...
Behind closed doors, Apple is expecting its iPhone 6 launch to not only break records, but to shatter them. Shareholders are evidently in the same boat, and as we inch closer to the iPhone 6 debut -- Apple is expected to announce the device during a scheduled press event on September 9, 2014 -- the Cuptertino company's stock price is seeing increased activity. Shares of Apple closed at $100.58, a 1.4 percent increase and also a new high, besting the previous record closing price of $100.30 (after adjusting for a recent 7-for-1 stock split) in September 2012 after Apple introduced the much anticipated iPhone 5. Fickle investors would go on to hammer the stock price, sending it down by as much... Read more...
It seems like a century has passed since Facebook's IPO and subsequent stock performance came under scrutiny. Turns out all Facebook needed was to post a stellar earnings report, as it did earlier this week, and investors would be frothing at the mouth to own a chunk of the world's most popular social playground. In the aftermath of Facebook's latest earnings report, the company's share price sky rocketed to record levels, and it's now worth more than several long-time heavyweights such as AT&T and Coca-Cola. At the time of this writing, Facebook shares are worth about $75.50, putting the company's market capitalization at just a hair below $192 billion. AT&T, which was founded in 1983,... Read more...
Take a wild guess which technology company now has a higher market capitalization than the mighty Oracle? Facebook, as it turns out. In the latest turn in what has been a wild ride (in both directions) since going public, Facebook's stock has surged on solid earnings to a record high. Now, the world's dominant social network is worth $76.74 per share on the NASDAQ. All told, this puts Facebook's market value at just under $200 billion, and a host of brokerages have raised their price targets on the stock. In other words, don't be surprised to see it reach $100 per share in the next year or two. The reason behind the lift? News that its mobile advertising revenue was up a staggering 151% in Q2,... Read more...
It's hard to imagine a world where Bill Gates isn't directly vested in Microsoft, the company he co-founded and that made him a multi-billionaire. But as weird as that may be to fathom, Bill Gates may be all out of Microsoft shares within the next four years if he keeps selling them off at the pace he's been on for the past 12 years. As part of a pre-set trading plan, Gates has been selling off 20 million Microsoft shares every quarter. In doing so, former CEO Steve Ballmer just surpassed Gates as the company's largest individual shareholder with 333 million shares versus 330 million, Reuters reports. Each of them now own about 4 percent of the total outstanding shares, far more than any other... Read more...
If you could switch financial situations with anyone in the world today, former Google chief and current executive chairman of the search giant Eric Schmidt wouldn't be a bad candidate. The guy has a net worth north of $10 billion (with a "B"), and just in case he needs a little extra dough for a rainy day, Schmidt just received a compensation package of more $100 million in Google stock. That's his equity award for Google's outstanding performance in 2013, which was capped off by $16.9 billion in sales in the fourth quarter alone (up 17 percent compared to the same quarter in 2012). Schimdt's equity award will vest over four years beginning May 2015, according to Google's regulatory filing.... Read more...
Investors reacted negatively to Amazon's fourth quarter financial report despite that fact that the e-commerce giant announced a 20 percent year-over-year sales increase to $25.59 billion. Operating cash flow increased 31 percent to $5.47 billion, operating income jumped 26 percent to $510 million, and net income climbed to $239 million, or $0.51 per diluted share, compared with $92 million, or $0.21 per diluted share, in the fourth quarter of 2012. "It’s a good time to be an Amazon customer. You can now read your Kindle gate-to-gate, get instant on-device tech support via our revolutionary Mayday button, and have packages delivered to your door even on Sundays," said Jeff Bezos, founder... Read more...
Apple this week reported its first quarter financial results ended December 28, 2013. In terms of dollars coming in, it was a solid quarter for the Cupertino outfit, which posted record quarterly revenue of $57.6 billion for a quarterly net profit of $13.1 billion, or $14.50 per diluted share. Those figures are up from revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the same quarter a year prior. Apple also sold 51 million iPhone devices, an all-time quarterly record and up from 47.8 million in 2012. Add to that 26 million iPad sales (also a quarterly record) and 4.8 million Macs (up from 4.1 million a year ago) and you're not left with much to criticize,... Read more...
Alongside Yelp, Facebook, Groupon, and LinkedIn, the world is welcoming yet another social behemoth onto the public trading floor today. Twitter, the microblogging service that evolved from a place to tell people about what you were eating for lunch into a place where news is broken, is now a publicly traded company. It's IPO went live today, and while major banks were able to get a chunk at the ~$20 mark, the masses are already being asked to pay upwards of $45 per share under symbol TWTR. Of course, it's irresponsible to consider the numbers that insider banks get compared to the laypeople relying on eTrade and ShareBuilder to make transactions, but the raw figures put the stock up around 70%... Read more...
Typically, Fridays on Wall Street are comparatively quiet, and often, they sag a bit lower than other weekdays. It's the end of the work week, volume is lower, and hardly any company announces spectacular, can't-miss news on a Friday. But if you're Google, you're pretty pleased with how Friday treated you. Google's stock was the talk of Wall Street as the trading week closed, with its per-share price soaring (and staying) beyond $1000. The company's third-quarter results were to thank for the nearly 14% single-day increase. Google has practically been printing money for years on end now, and it's showing no signs of slipping soon. “Google had another strong quarter with $14.9 billion in... Read more...
Another week, another tech-related IPO. While Facebook's stock has been on a long, mostly downward ride since its IPO, it recently surged past its initial offering price. Soon after, its archrival in the social networking space has decided to pull the trigger as well. Recently valued at over $10 billion, Twitter has announced today that it has filed paperwork for an IPO, and if all goes well, it'll be traded on the public market in the near future. Goldman Sachs is backing the IPO, and it's pretty clear that this company is going to be a hot one once it goes up for sale. Twitter team shortly after the IPO announcement. Twitter began as a niche service that only nerds would think of using, and... Read more...
At long last, it's a done deal. Sprint is no long walking on its own. Instead, it's now a part of SoftBank, a Japanese telecommunications giant. As of now, the two have completed their merged, with SoftBank to own around 78 percent of the shares involved in the "new" Sprint Corporation. Existing Sprint equity owners will hold on to the other bit. SoftBank is investing just under $22 billion in Sprint, onsisting of approximately $16.6 billion to be distributed to Sprint stockholders and an aggregate $5 billion of new capital ($1.9 billion at closing) to strengthen Sprint's balance sheet. Each Sprint stockholder had the option to elect to receive one share of common stock in the new company or... Read more...
The Web isn’t difficult to navigate if you bring along some common sense and a healthy dose of skepticism, but those traits are sometimes in short supply among stock traders. Lately, would-be moguls are falling victim to scammers who are trying to influence the market with social media accounts that are designed to look like they belong to top industry players. News flows fast on Twitter, and it's easy to get sucked into the excitement generated by a tweet that seems to be from a legitimate source - which is exactly why you need to be on guard when using Twitter (or any source, for that matter). The pump and dump trick is popular with unscrupulous short sellers. They start a Twitter account... Read more...
We've always heard that you can't take it to your grave, but one has to wonder why the former co-CEO of Research In Motion chose now to dump every last bit of remaining RIM stock. Jim Balsillie has liquidated his shares in RIM, leaving him zero shares, zero power to vote, and zero percent of class. He sold everything. A year ago, he still help 5.1% of the whole company, and now, he's powerless over it. In December of 2011, Balsillie had 26,840,490 shares of RIM stock. Even with RIM's amazingly low stock price of around $11, he's still coming out with nearly $300 million. But the timing here makes you wonder: does the man that helped form the company have no faith left? You could assume that him... Read more...
Eric E. Schmidt, Google's Executive Chairman of the Board of Directors, will become ever more wealthy. Already a member of the One Percent club, Mr. Schmidt will be selling roughly 42 percent of his stake in Google. In total, that's 3.2 million Class A shares of common stock. According to an 8-K filing put out today by the company, this "pre-arranged trading plan was adopted in order to allow Eric to sell a portion of his Google stock as part of his long-term strategy for individual asset diversification and liquidity." As of December 31, 2012, Eric beneficially owned approximately 7.6 million shares of Class A and Class B common stock, which represented approximately 2.3% of Google's outstanding... Read more...
Perhaps as the result of a momentary sense of panic following Foxconn's reiteration that those newfangled iPhone 5 models are a bear to build, investors grew slightly skittish yesterday and sent Apple's share price down nearly 4 percent by the end of the trading day. Apple stock is now the lowest it's been in five months. "It's not easy to make the iPhones. We are falling short of meeting the huge demand," Foxconn Chairman Terry Gou recently stated. That's not the only reason Apple's stock is getting battered. It's down over 20 percent from a three-month high of more than $700 per share, the price it was trading at in mid-September. According to Business Insider, one theory is that the President... Read more...
Apple had some brilliant days on the stock market in recent months, but Google has been gaining ground, too; in fact, according to Fox Business News, the search giant is headed for its biggest quarterly rally in 7 years. This quarter, the company’s stock price is up 30%, which torched analyst expectations. Over the summer, there was a bit of brow-furrowing over Google’s heavy investment in Motorola as well as the quarters-long decline in its cost-per-click earnings, but cost-per-clicks are back up (just 1%, but still up) and Google saved itself quite a bit of cash by axing 4,000 jobs at Motorola, or about 20% of that workforce. This latest rally brings Google’s share price to... Read more...
It's taken nearly 13 years, but Apple finally broke a record set by Microsoft in 1999 for having the highest market capitalization. In the weeks leading up to the much anticipated iPhone 5 launch, and amid rumors of an iPad Mini device to compete with the flurry of 7-inch Android tablets, Apple's stock on Monday closed at $665.15, an all-time high that resulted in a market capitalization of more than $624 billion. Apple managed to keep the momentum going for a little while today as the company's stock surged to a high of $674.88, though it's currently trading at around $657. It doesn't matter though, the company is worth hundreds of billions of dollars, and bested a record set by rival Microsoft... Read more...
At nearly $590 per share, you might be wondering how you can afford to purchase shares of Apple (AAPL), especially in this economy. But if you have money to invest, a better question to ask is how can you afford not to purchase Apple stock? That might sound absurd, but in a note to investors, Topeka Capital Market's Brian White reiterated a Buy rating and said that "investors should think of Apple's market cap potential in terms of trillions, not billions." White's recommendation comes at a time when some are wondering if $500 billion is a market threshold above which Apple will have a hard time moving past, similar to how other $500 billion companies in the past seemed to get stuck. Image Source:... Read more...
Apple Ups Its Stake Of Imagination Tech to 9.5% LONDON, June 26 (Reuters) - UK chip designer Imagination Technologies Plc (IMG.L) said on Friday iPhone maker Apple Inc (AAPL.O) has upped its stake in the company to 9.5 percent following a share placement and recent share purchases. Stake-building in Imagination Tech by both Apple and U.S. chipmaker Intel Corp (INTC.O), which now owns a 16 pct stake, ignited takeover speculation and drove up the share price earlier this week, although the shares have dropped back over the last couple of days as bid hopes have faded.Imagination Tech said in filings to the stock exchange that Apple was subscribing for 2.2 million new shares at 143 pence and had... Read more...
Sprint released their Q4 2008 results on Thursday. It wasn't pretty. Yet their stock soared nearly 20%. Why? Sprint lost 1.3 million net wireless customers in the quarter. Overall, in 2008, Sprint lost 4 million customers. At the same time, in Q4 2008, Sprint had a net loss of $1.62 billion, or $0.57 a share, on revenue of $8.43 billion. Yet the stock rose $0.54 a share, 19.93%. Once again, why? The Palm Pre, and a rumor, that's why. An anonymous source told CNBC that Sprint has exclusivity on the Palm Pre until the end of 2009. That was enough to send the stock rising.  Of course, this morning it's dropped about $0.14, or 4.5%, but who's counting? The Palm Pre was introduced at CES in January.... Read more...
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