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Market Recap

Cisco Systems Hits 52-Week Low

One of the biggest names in technology, Cisco Systems (CSCO, $21.65, down $1.23), took out its 52-week low today after its CEO gave a grim outlook for spending in the sector. The stock touched a low of $21.56 earlier in the session and is trying to close above $21.77 orRead more

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Rambus on the Move

Shares of Rambus (RMBS, $17.67, up $1.17) have been volatile lately. The stock is up 7% today, following yesterday’s 9% decline, on no apparent news. Rambus has always been a stock that trades on litigation news and recently won three major decisions that propelled the stock into the $20’s. JustRead more

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Earnings for the Week

Earnings season just got started so we should get a good look at how well or not so well companies are doing with the strain of higher costs in the current economy. The companies that report better-than-expected earnings will be the ones to watch but even more so what theirRead more

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Alcoa Beats Estimates

Alcoa (AA, $32.33, down $1.06) reported better-than-expected earnings after the bell, lifting its stock higher in after-hours trading. The company reported earnings $546 million or $0.66/ share versus estimates of $0.64/ share. Revenue for the quarter dipped to $7.6 billion from $8.1 billion a year earlier. Wall Street estimates wereRead more

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Watch List: Railroad Stocks

Railroad stocks are doing well today despite a recent downtrend. The industry is one of the few non-energy businesses that benefit from rising energy prices but the sector’s fortunes are closely tied to U.S. economic growth. Below, I’ve listed some stocks to add to our Watch List and some July/Read more

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Yahoo's Options

Yahoo (YHOO, $23.91, up $2.56) put in another big day as talks with Microsoft (MSFT, $26.03, up $0.05) heated up once again. Microsoft is now on board with Carl Icahn’s plan to oust Yahoo’s board and said if that were to happen the company would renew its bid for Yahoo.Read more

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Merrill Lynch Selling Assets

Merrill Lynch (MER, $30.12, down $1.00) started the morning in positive territory but is now down over 3% as we head towards the closing bell. According to a report, Merrill is seeking $5 billion for its 20% stake in Bloomberg, a price some analysts say is lower than what MerrillRead more

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Alcoa Kicks-Off Earnings Season

Earnings will hit Wall Street starting this week and Dow component Alcoa (AA, $32.78, up $0.67) will officially start things off Tuesday after the market closes. The stock has taken a hit over the past month, dropping roughly 20%, from $40 to its current levels. No surprise there as theRead more

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Market Lower, GM Puts Soar, Chipotle Breaks Down

After spending the morning in positive territory, the market faded yesterday as oil climbed to a new high of $144 a barrel on supply concerns and the tension brewing in the Middle East. News that Israel or the United States could possibly attack Iran had the market walking on eggshells.Read more

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CFTC Disclosure:

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