BlackBerry Stocks Climb On Positive Earnings
BlackBerry LTD (NASDAQ: BBRY)
Before the closing bell today, BlackBerry released its quarterly earnings report; showing net gains and surprising investors and analysts alike. I wrote about the report in detail earlier. If you’d like to learn more, click here! As a result of the positive earnings report, the stock gained more than 5% in early trading before stabilizing in the afternoon. Currently (12:55), BBRY is trading at $ per share after a gain of 2.47% so far today.
Outlook – While I caught quite a bit of backlash for my particularly bullish stance on BlackBerry in the past; I think the positive earnings report will change minds. Bull all the way baby; this one’s going to climb!
Apple Stocks Fall Today Despite Recent Positive News
Apple Inc. (NASDAQ: AAPL)
When it comes to news revolving around Apple lately, what I’ve been able to find is all good. From Tim Cook giving away boat loads of cash to the needy to the acquisition of FoundationDB and more, it’s not hard to find good press about Apple right now. Nonetheless, the stock is falling for some reason today. If you know why, please let us know in the comments below. Currently (12:59), AAPL is trading at $123.51 per share after a loss of 0.59% so far today.
Outlook – By market capitalization, Apple is literally the largest company in the world. They got there because of their ability to innovate and generate profits; that’s not stopping any time soon! This is another long term bull in my opinion.
Twitter Stocks Climb As Ad Revenue Market Share Rises
Twitter Inc (NYSE: TWTR)
Twitter stocks are seeing nice gains today following a relatively poor week. Nonetheless, in recent news, the company announced that they are testing larger mobile ads; which should generate better click through rates and higher revenue. They’ve also recently proven to take a larger market share in ad revenue than we thought. All in all, it’s good news at Twitter today. Currently (1:05), TWTR is trading at $50.43 per share after a gain of 1.02% so far today.
Outlook – While some investors may be concerned over Twitter’s ability to drive new users, they have proven that they have the ability to increase revenue with the users they already have. As I’ve said in the past, I love to invest in growing profits. That’s what I see with TWTR.
Facebook Stocks Are Up Today As Well
Facebook Inc (NASDAQ: FB)
Facebook announced exciting plans with regard to their messenger platform at this year’s F8 conference. Unfortunately, poor economic data drove US stocks down at the same time the good news was coming out. Nonetheless, we’re seeing gains today. Currently (1:12), FB is trading at $83.34 per share after a gain of 0.40% so far today.
Outlook – As I’ve mentioned in the past, I’m definitely expecting growth from Facebook in the long run. While short term price volatility may be a concern, the company is a giant in social media and will continue to grow in other areas.
Other Notable Movements In Tech
Tech stocks that are growing today. Quotes mentioned below were taken at 1:18.
Skyworks Solutions Inc (NASDAQ: SWKS) – Currently trading at $97.61 per share after a gain of 3.34% so far today.
Palo Alto Networks Inc (NYSE: PANW) – Currently trading at $146.18 per share after a gain of 3.34% so far today.
Ambarella Inc (NASDAQ: AMBA) – Currently trading at $70.19 per share after a gain of 2.45% so far today.
Glu Mobile Inc. (NASDAQ: GLUU) – Currently trading at $4.85 per share after a gain of 1.89% so far today.
Baidu.com, Inc. (NASDAQ: BIDU) – Currently trading at $206.82 per share after a gain of 0.67% so far today.
Tech stocks that are falling today. Quotes mentioned below were taken at 1:25.
On Track Innovations Ltd (USA) (NASDAQ: OTIV) – Currently trading at $1.58 after a loss of 5.44% so far today.
Netlist, Inc. (NASDAQ: NLST) – Currently trading at $0.66 after a loss of 4.28% so far today.
Vringo, Inc. (NASDAQ: VRNG) – Currently trading at $0.69 after a loss of 3.45% so far today.
SanDisk Corporation (NASDAQ: SNDK) – Currently trading at $64.10 after a loss of 3.17% so far today.
Micron Technology, Inc. (NASDAQ: MU) – Currently trading at $26.13 after a loss of 1.99% so far today.
Do You Know Of Any Other Big Movers In Tech?
Let us know in the comments below!