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Techquity: Apple falls below $400, Google a Waze away

Monday, June 24, 2013 - 03:10

Jun 24 - Apple heads back toward 52-week low while Google could face hurdles with its planned purchase of Waze.

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The market sell -- not good for apple. Stocks overall -- down about 1% but apple is down 3%. Shares traded below 400 bucks for the first time since April 24 however the 52 week low 38510. Still secure at this point. The decline not good for CEO Tim Cook whose -- is now partially determined by the performance of the stock. A -- -- also commenting on the company today. BMO raising its price target air from 435 to 450. On an expectation apple have a better June quarter than predicted. Though it's -- gains -- short term. Jeffries also making a fifteen dollar move on its price target but going the other direction from 420 down to 405. It's actually decline in the number of iphones getting built. It looks like Google has popped up on the FTC's map. The guardian reports today that the Federal Trade Commission is investigating Google over its one point three billion dollar purchase of the Israeli mobile navigation firm waves. It's the latest probe for the company that has been under antitrust scrutiny by US and European regulators. -- had earlier said he would keep waste as a separate unit. The guardian says the FTC could order the companies to keep the units apart as it goes about its investigation. Waste -- 47 million active users. Google stopped has ways to go before it hit 1025. Dollars that's a new price target JPMorgan set on the company. Up nearly 20% from its earlier target. Among other things analyst Doug -- has gotten more bullish over Motorola's product pipeline. As well as YouTube's prospects as TV buyers increasingly shift their video spending on line. The target hike however did not help Google's stock today which is trading close to analysts original target it's down more than 1%. FaceBook also losing ground the company saying late Friday it inadvertently exposed. Six million -- phone numbers and email addresses to an authorized viewers over the past year. In bowling -- on a technical glitch. Which it says it fixed within 24 hours of discovering it. The thousand days before it made the discovery public. A spokesman said I want to notify users before disclosing the issue here is down 4% today below point four dollars. Throwing inspiring time our look at movers for sorting it stack. Western Digital's buying the maker of solid state hard drives to beef up its own stores device business. The men represented 91% premium to its Friday close in tears or near there are 87%. Sputtering as Yahoo! at Topeka capital markets analyst and Yahoo!'s exposure to China. Is taking shares lower Yahoo! was a 24% stake in China's largest e-commerce firm Alibaba Group. Stocks in Shanghai fell 5% today and Yahoo! is down about that much year. And that's -- -- -- this Monday remember you can follow us on Twitter at RT RS tat -- I'm Fred Katayama and this is what.

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Techquity: Apple falls below $400, Google a Waze away

Monday, June 24, 2013 - 03:10