Techquity: Apple closer to big oil, Amazon hits new high
Thursday, January 24, 2013 - 03:14
Jan. 24 - What Apple has in common with big oil after its latest stock decline, plus Amazon climbs after making another acquisition.
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Next time Apple's -- makes it more like big oil Amazon reaches new heights. And -- she's for a mouse maker are soaring -- sputtering segment. First stop apple analyst more negative on the stock after reported iPhone sales that missed estimates. Jeffries is calling iPhone -- real and material. And is concerned it is losing this screen size wars coaches moved to larger products from Samsung. Know what these new products is key to boosting this stop and think. If you are likely until June while their record -- apple has the target more than just a -- and in each market nearly twenty brokerages are reducing the price target including Jefferies. Which also cut its rating to hold from buy the oil which has one of the lowest targeted for night and even Topeka capital. The bulls are still at. 88 now. The stock down 150 bucks or 10% near 460 dollars today it's down more than 200 dollars from its peak in September. The decline whopping about 225. Billion dollars of its market cap now about the equivalent of the entire worth of Chevron. Apple now more like Chevron competitor Exxon in terms weren't. Apple's market cap at about 432 billion is about fifteen billion above that of Exxon which is the world's number two most valued firm. As bulls -- apple others are flocking to Amazon online retailer stopped adding more than 2% to a new record high. Amazon is stepping further on Apple's turf. With purchase today of the speech recognition company a bonus offer. Now could be a sign that Amazon plans to develop serves as a -- Apple's voice based search three. To boost sales of its Kindle fire tablet. And was not not talking however about how much it -- -- That's -- the stock is soaring nearly 40%. The video streaming company wowed investors and even itself. But producing a quarterly profit went in Wall Street had expected a loss a strong holiday season helped earn eight million dollars and -- nearly four million subscribers. And CEO Reed Hastings and he's interested in bidding on Sony's movie contact. Wall Street scramble to give Netflix a second look with a number of analysts upgrading their ratings are upping their price targets. -- performance also made activist investor Carl Icahn a lot richer boosting the value this year by nearly half a billion dollars. He's been saying that would make an attractive takeover target. And soaring inspiring times are look at other movers today. But the Big Apple or Netflix soaring. Is Research in Motion. The CFO China's Lenovo telling Bloomberg it could bid for the Blackberry maker rim -- another 3%. And sputtering Logitech the number one maker of computer -- -- swung to a third quarter loss from a year earlier. As entity to be hit hard by weakness in the global PC market. The company is considering selling non strategic assets shares are down 8%. That's equity this Thursday remembering it falls on Twitter RI RS that. I'm -- cut by Alan this is it.
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