Market Minute: Apple Stock Heats Up Again; Broken Windows 8

×
The Dow Industrials edged five points lower yesterday, but the S&P 500 added 3 and the Nasdaq gained 14 points.

Employees welcome customers with a high five during the opening of an Apple Store at the Kurfuerstendamm shopping street in Berlin, Germany, Friday, May 3, 2013. (AP Photo/Michael Sohn)
Michael Sohn, AP
Apple (AAPL) is hot again. After a seemingly endless series of downgrades by Wall Street analysts, Barclay's has raised its price target on the stock to $525. It closed yesterday at $460. That's up $70 since bottoming out three weeks ago.

Windows 8 may be in for a major overhaul. Microsoft (MSFT) is expected to announce today that key aspects of the new operating system will be changed when the company issues a major update later this year. Analysts say it's an admission that Microsoft 8 has confused too many users. Still, sales have reached a milestone: 100 million licenses in six months.

First Solar (FSLR) posted a quarterly profit that fell short of expectations, but sales jumped 52 percent. The company develops solar farms for power companies. Its stock has nearly tripled in the past year.

Electronic Arts (EA) has signed a long-term deal with Walt Disney (DIS). The video game maker will develop new games based on the "Star Wars" movies. Both companies are due to report earnings after today's closing bell.

More trouble for Monster Beverage (MNST). The company has been sued by San Francisco's city attorney. He accuses Monster of marketing its highly caffeinated drinks to children, despite warnings that they can cause serious health problems.

Officials in California say the utility PG&E (PCG) should pay an additional $1.25 billion dollars in penalties related to the pipeline explosion in the town of San Bruno three years ago. That's on top of the $1 billion the company has already been ordered to pay to overhaul its pipelines. Eight people died in that accident and more than 100 homes were destroyed.

And Google's YouTube is reportedly planning to impose a monthly charge for select channels of its video content.

–Produced by Drew Trachtenberg


Increase your money and finance knowledge from home

Socially Responsible Investing

Invest in companies with a conscience.

View Course »

Investing Like Warren Buffett

Learn from one of the world's best investors.

View Course »

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:
clark

ready for a comeback?????? I never knew APPLE left...

May 07 2013 at 10:59 AM Report abuse +1 rate up rate down Reply