Here's five stocks to avoid, unless you are a short-seller.
The companies whose shares are moving in pre-market trade on Thursday are: Target Corp, Limited Brands, Urban Outfitters, Macy's, Gap, Sprint Nextel, Chesapeake Energy, Corning, Yum! Brands and Wellpoint Inc.
Zynga Inc, developer of popular Facebook games like FarmVille and Mafia Wars, is all set to hit the capital market with an initial public offer (IPO). The company filed with regulators for an IPO of up to $1 billion on Friday, hopping that its close ties with Facebook will be a key to its future success.
The company behind Farmville, Mafia Wars, Words With Friends, Empires and Allies and many other social games has officially filed for an IPO. In doing so, it follows in the footsteps of fellow social comapny, LinkedIn, which had an impressive IPO of its own last month.
Google Inc. (Nasdaq: GOOG) is engaged in preliminary talks to acquire Hulu, the online video company, according to a report in the Los Angeles Times, citing unnamed sources familiar with the negotiations.
A lower-priced iPhone dubbed the Lite version kicked up dust over the weekend. The talk outlined the prospect of Apple embarking on a price war, probably aimed at keeping carriers by its side as smartphone battle is getting tougher by the day.
One analyst predicts Apple will go after the mid-market with a second new iPhone to be introduced in September of this year.
The theory that iPhone 5 will be unveiled in September is gathering force by the day. A Morgan Stanley analyst has said Apple will begin the production of iPhone 5 in mid-to-late August, after apparently holding meetings with iPhone component makers in Taiwan last week.
JPMorgan Chase, the Wall Street bank that during the financial crisis has managed to remain afloat has agreed to pay $153.6 million to settle claims by the U.S. Securities and Exchange Commission it designed and sold a product linked to risky mortgages during the housing market collapse of 2007.
The top pre-market NASDAQ Stock Market gainers are: China TechFaith Wireless, Aruba Networks, Glu Mobile, Netapp and Fundtech. The top pre-market NASDAQ Stock Market losers are: SunPower Corp, AVEO Pharmaceuticals, BreitBurn Energy Partners, Vodafone Group and ARM Holdings.
Oakland-based Internet radio company Pandora Media Inc.'s $16 IPO share price has left the market wondering whether the shares are overvalued or not.
The companies whose shares are moving in pre-market trade on Tuesday are: Nabors Industries, Micron Technology, Sprint Nextel, Barclays, Wells Fargo, Ford Motor, Caterpillar, Apple, Nokia, Morgan Stanley and Kinder Morgan Energy.
The top after-market NASDAQ Stock Market gainers are: Yongye International, Global Sources, Sky-mobi, School Specialty, and Pantry. The top after-market NASDAQ Stock Market losers are: Gladstone Commercial, Diodes, Wi-LAN, SeaChange International, and Pharmasset.
The Organization of Petroleum Exporting Countries (OPEC) meeting would likely end with a decision to increase crude production levels to reduce international concerns about the high price of oil.
Groupon has become the next big social company to file for an IPO, following in LinkedIn's footsteps.
In a shocking announcement, Google said Chinese hackers have hacked into hundreds of Gmail accounts of senior US and South Korean government officials, military personnel, and Chinese political activists and journalists through a carefully targeted and sustained phishing scam.
Crude oil prices declined in Europe trade as strengthening U.S. dollar and weaker-than-expected decline in U.S. crude stockpiles weighed.
On May 22, the Federal Reserve Bank of New York added 32 new money market funds in addition to the existing set one of Primary Dealer counterparties.
The companies whose shares are moving in pre-market trade on Monday are: Sequans Communications, Krispy Kreme Doughnuts , AK Steel Holding, Valero Energy Corp, Sony Corp, Carnival Corp, Hess Corp, Freeport-McMoRan, Deere & Co and Halliburton Co.
Shares of LinkedIn soared as high as $122 on its first day of trading on New York Stock Exchange, bringing back memories of tech bubble in late 1990s when investors lapped up internet firms.
The companies whose shares are moving in pre-market trade on Monday are: Ford Motor, Caterpillar, Sandisk, NYSE Euronext, Lowes Companies, Advanced Micro Devices, Peabody Energy and Carnival Corp.
Shares of Vital Images Inc. (NASDAQ: VTAL) jumped a new 52-week high of $18.71 on Thursday. The company said Wednesday it agreed to be acquired by a subsidiary of Toshiba Medical Systems Corp. for $18.75 per share, or about $273 million, through a cash tender offer followed by a merger.
