ADVFN - Advanced Financial Network.
HOME» NASDAQ » A » AAPL Stock Price » AAPL Stock News

Apple Share News

 Apple Inc. (mm) Stock Price
AAPL Stock Price
 Apple Inc. (mm) Stock Chart
AAPL Stock Chart
 Apple Inc. (mm) Stock News
AAPL Stock News
 Apple Inc. (mm) Company Information
AAPL Company Information
 Apple Inc. (mm) Stock Trades
AAPL Stock Trades

TECH STOCKS: Micron, Red Hat Highlight Tech Retreat

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks showed few signs of putting the brakes on broad losses Thursday, as memory-chip maker Micron Technology Inc. and business-software firm Red Hat Inc. highlighted the sector's retreat, following the companies' disappointing quarterly reports. The results from the two underscores recent concerns over pricing in the memory-chip market, as well as the health of corporate information-technology spending. Micron (MU) shares fell 35 cents, or 5.6%, at $5.78 after the chip maker reported a loss, taking a hit from weak pricing for memory chips. Wedbush analyst Betsy Van Hees wrote that "in the near term, we think the stock will likely be rangebound until there is better visibility" on a number of factors. She cited supply-and-demand trends for NAND chips in the second half of the year, and the potential impact of the expected release of Ultrabook notebooks based on Microsoft Corp.'s (MSFT) Windows 8 software on the personal-computer market. However, she also maintained an outperform rating, citing Micron's comments on a stronger second half of the year. ThinkEquity's Suji De Silva also kept a buy rating on Micron, saying in a note: "We believe [Micron] is experiencing firming demand across DRAM, where supply is tightening due to competitor financial issues, and broader end-market demand is stabilizing." Separately, Red Hat (RHT) shares gave up $3.17, or 5.6% at $53.33 after the software maker reported a weaker-than-expected outlook. Reacting to Red Hat's report, J.P. Morgan John DiFucci wrote: "We continue to remain cautious on global IT spending, especially in the coming months. That said, we believe the company continues to execute well against a weakening macro environment." Intel Corp. (INTC) and Hewlett-Packard Co. (HPQ) also remained in the red as two of the worst performers on the Dow Jones Industrial Average. (DJI) The blue-chip index fell 101 points as investors reacted to economic data, including the June Philadelphia Fed index which came in below consensus. The Nasdaq Composite Index (RIXF) gave up 34 points, or more than 1%, at 2,895, and the Philadelphia Semiconductor Index (SOX) was off by more than 2%. Declines also came from Seagate Technology (STX), Western Digital Corp. (WDC), Apple Inc. (AAPL) and Netflix Inc. (NFLX) The few gainers that emerged included Facebook Inc.(FB), up 18 cents a share to $31.78 and Amazon.com Inc. (AMZN), up 45 cents a share to $223.47.

Stock News for Apple (AAPL)
DateTimeHeadline
07/29/201616:12:50Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/29/201603:20:00Sony Reports Surprise Profit in First Quarter
07/29/201603:03:00Apple Squeezed by Android Phones -- WSJ
07/28/201623:30:00Asian Markets Cautious Ahead of BOJ Policy Decision
07/28/201616:50:00Google Profits Surge on Strong Ad Demand
07/28/201615:45:00MARKET SNAPSHOT: S&P 500, Nasdaq Climb As Apple, Facebook March...
07/28/201615:36:00How Apple's Steve Jobs Tried to Buy ITV (The Brand, Not the Company)
07/28/201613:24:00MARKET SNAPSHOT: Stocks Fall As Telecom Sells Off, Oil Tumbles
07/28/201613:00:00TRADERS NEWS ANALYST- RELYING ON NEAR TERM TECHNOLOGIES TO FUEL...
07/28/201612:40:00China Clears Road for Uber to Operate Legally
07/28/201612:25:00Apple's Hard-Charging Tactics Hurt TV Expansion
07/28/201611:52:00MARKET SNAPSHOT: Stocks Fall As Oil Tumbles, Earnings Disappoint
07/28/201610:55:00Kingdom Holding Co. Reports 22% fall in 2Q Net Profit
07/28/201610:21:00MARKET SNAPSHOT: Stocks Fight To Climb After Mixed U.S. Data...
07/28/201609:30:00MasterCard Results Top Expectations as Transactions Grow
07/28/201608:18:59Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/28/201603:03:00In China, Apple's Rivals Flex Muscles -- WSJ
07/27/201621:40:00Samsung Reports Most Profitable Quarter in Two Years
07/27/201617:10:00GoPro Reports Loss, but Results Top Expectations
07/27/201616:50:00Facebook Posts Strong Profit and Revenue Growth

Apple Computer and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad