Market Recap
Cisco Systems Hits 52-Week Low
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
Earnings for the Week
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
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
Yahoo's Options
Merrill Lynch Selling Assets
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
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