» » 7 Stocks To Know For Wednesday: Hertz, Ford, Boeing, NVIDIA, Microsoft, Apple, American International Group
Daily Markets

7 Stocks To Know For Wednesday: Hertz, Ford, Boeing, NVIDIA, Microsoft, Apple, American International Group

By Daily Markets on | More Posts By | Stock Market Blog
  • The second-largest manfacturer of graphics chips, NVIDIA (NASDAQ:NVDA), was upgraded  to “outperform” from “market perform” by FBR Capital Markets after a 30% decline in its stock price. Its shares rose 4.6% to $13.28 in early Wednesday trading.
  • Fidelity National Information Services (NYSE:FIS) announced it plans to buy back as much as $2.5 billion of its common stock at a price range of $29 to $31 a share via a modified “Dutch auction” tender offer. Its shares rallied 6.4% to $28.25.
  • U.S. durable goods orders came out better than expected, rising by 2.9% in April, while March orders were upwardly revised, showing a small decrease. The jump in orders was attributed to a rebound in orders for transportation equipment.
  • Better than expected durable goods are boosting transportation stocks. Hertz (NYSE:HTZ) shares are up more than 6% in early Wednesday trading; Ford (NYSE:F) shares are up nearly 6%; Boeing (NYSE:BA) shares are also helped by the news, rising 2%.
  • The Justice Department is launching an antitrust inquiry into Apple (NASDAQ:AAPL), specifically investigating its tactics used in its online music business. It was recently alleged that Apple used its huge influence in the market to persuade music labels not to give Amazon.com (NASDAQ:AMZN) exclusive access to music about to be released.
  • American International Group (NYSE:AIG) shares are up 2% in early trading Wednesday as it is said to weigh the sale of its stake in a portfolio of almost 17,000 apartments purchased at the time when the housing market was at a peak.
  • Microsoft (NASDAQ:MSFT) announced management changes at its consumer products unit. The head of the entertainment and devices group, Robbie Bach, will retire from Microsoft after spending 22 years at the technology company. CEO Steven Ballmer will thus have a more hands-on role in gadgets and games. Its shares are up in early trading.

Recent Articles By Daily Markets:

Leave A Comment :

Name (required)
E-mail (required - never shown publicly)
Your Comment (smaller size | larger size)
*/ ?>