NASDAQ Market News

Plans to sell 30om GM shares The U.S. Department of the Treasury has announced the next step in its plan to sell its approximately 241.7 million remaining shares of General Motors (GM) common stock with the initiation of a second pre-defined written trading plan. “TARP’s emergency support to GM during the financial crisis was necessary […]

We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007.  The Nikkei Index broke past the 14,000 mark to 14,180 […]

Whilst the UK was enjoying a bank holiday, Apple and Facebook were celebrating their individual statuses on the Fortune 500.  The Fortune 500 ranks the largest U.S. companies by revenue. Apple (NASDAQ:AAPL) broke into the top 10 for the first time.  It became the only tech company in the current top 10 elite U.S. stocks, when […]

Yesterday, Tesla Motors Chief Executive Elon Musk announced via Twitter that the company will make an announcement “strategic” today. After that announcement, Tesla shares (NASDAQ:TSLA) rose more than 3% ($ 1.43) on Nasdaq, because, according to the tweet of Musk, the annoucement will be well pleased for Tesla owners. A company spokesman said the announcement will […]

Wellpoint Inc. (NYSE:WLP): The company reported 3 percent increase in its profits for the first quarter of the year. Wellpoint also augmented its forecast for its income in 2013. The company earned $885.2 million in the first quarter of the year, up from $856.5 million it had earned for the corresponding quarter of the year. […]

Walgreen Co. (NYSE:WAG): The stock has seen some healthy insider buying. Stefano Pessina, the company board member, snagged 83,000 of the stock on April 19th. The transaction was undertaken at the average price of $48.62 apiece. The company showed steady performance for its recently concluded quarter.

Overstock.com Inc. (NASDAQ:OSTK): The company reported better than expected quarterly results and consequently received rating upgrades from various research companies. Bank of America raised the company’s rating from Neutral to Buy while increasing the price target from $12 to $20. Similarly, Merrill Lynch also raised the rating from Neutral to Buy for Overstock.com.

Bank of America (NYSE:BAC): The stock is down after announcing its quarterly results. Bank of America reported higher profit for the first quarter as its wealth management and mortgage divisions showed good performance. Its quarterly profit stood at $2.3 billion, up from $328 million it had reported a year earlier. Its earnings per share were […]

Cypress Semiconductor Corporation (NASDAQ:CY): The stock is currently trading at $9.95, down 9.18 percent after the announcement of its disappointing result. The chip manufacturer reported its net loss for the first quarter at $28.2 million, up from its quarterly loss of $19.5 million it had reported for the first quarter of the previous year. On […]

Company cites “market softness” as they announce losses in key company results. Intel Corporation today has first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2.0 billion and EPS of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to […]