Equities that traded actively in the stock markets in the United Stated include BlackBerry Ltd (NASDAQ:BBRY), Facebook Inc (NASDAQ:FB), Hewlett-Packard Company (NYSE:HPQ), and Micron Technology, Inc. (NASDAQ:MU).
The Standard & Poor’s 500 Index and the Dow Jones Industrial Average Index were slightly down on Monday. The S&P 500 closed at 1704.14 while the Dow Jones closed at 15612.13 down by 0.15% and 0.30% respectively. NASDAQ was also slightly down by 0.01% to 3143.19 on Monday.
According to a recent interview, Corsair Capital's founder Jay Petschek did not plan to be a hedge fund manager. After holding various roles on Wall Street, Petschek decided to launch the fund in January 1991, when his family and friends were asking him to buy equities on their behalf. He realized the best structure for Read More
Stocks In Focus
BlackBerry Ltd (BBRY)
BlackBerry Ltd (NASDAQ:BBRY) surged by nearly 8% to around $9.60 per share, which is speculated to be driven by the next generation BlackBerry smartphone. However, some traders suggest that the spike in the stock value of the Canadian smartphone manufacturer could be a short squeeze given the fact that approximately 30 percent of the outstanding shares of the company are short.
Facebook Inc (FB)
Shares of Facebook Inc (NASDAQ:FB) continue to trade higher, above its initial public offering (IPO) price since its second quarter earnings report. The social network giant ended the trading day with a 3% gain at $39.19 per share. A report from Piper Jaffray analyst Gene Munster helped boost the stock value of the social network giant today. He projected that the Facebook will be able to beat the 2014 consensus estimates of Wall Street analysts, driven by its online video ads. He projected that the social network giant will outperform the consensus by $330 million if the company will be able to generate 5% of revenue from online video ads.
Hewlett-Packard Company (HPQ)
Hewlett-Packard Company (NYSE:HPQ) went up from its opening price at $26.75 per share to $27.03 per share after trading hours today. The company recently settled a price-fixing lawsuit with Chinese and Taiwanese display manufacturers. Hewlett-Packard alleged that Tatung and Chunghwa ripped more than $1 billion out of the company when notebooks and desktops were very popular.
Micron Technology, Inc. (MU)
Micron Technology, Inc. (NASDAQ:MU) ended the trading day with a 5% gain at $14.17 per share. The manufacture of semiconductor devices perhaps benefited from the latest report from IDC that companies in the industry are optimistic despite a declining PC market. The semiconductor industry is expecting the market to turn around because of the growth of mobile devices such as tablets. In addition, the Semiconductor Industry Association (SIA) reported that the sales of chips increase by 6% in the second quarter. John Pitzer, an analyst at Credit Suisse, believes that supply fundamentals and infrastructure leverage of Micron Technology remain healthy.