Stock gain on bargain hunting, techs
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Stocks rose on Tuesday as investors took the market's recent declines as a sign equities had become cheap, spurring buying especially among beaten-down sectors like technology.
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There could be some value lurking in the stock-market bargain basement.
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U.S. technology stocks rose on Thursday, spurring a sharp recovery in major indexes, as investors bet that business spending will boost tech profits despite turmoil from the housing sector.
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Stocks rose on Thursday, with technology shares gaining after reassuring results from Oracle Corp  and a higher earnings outlook from Qualcomm Inc .
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Stocks ended mixed yesterday as investors grappled with concerns about consumer spending in some parts of the economy while technology stocks showed broad gains.
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NEW YORK - Stocks were mixed Wednesday as a lower reading on manufacturing activity and rising oil prices chilled an early spate of bargain hunting. Technology shares inched higher despite brokerage downgrades of two semiconductor companies    With trading light, the markets were slow to react to the August reading of the Institute of Supply Management's manufacturing index, which declined to 59.0 in August, lower than the 59.8 percent expected on Wall Street...
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(InfoWorld) - Mergers and acquisitions and several strong financial reports excited IT investors this week, even as concerns about the U.S. economy continue to roil the stock market. The U.S. Federal Reserve Board decision Tuesday to cut interest rates gave a temporary boost to stock exchanges and benefitted bellwether IT companies, such as Google, Research in Motion, and Dell, which all posted share gains after the Fed's move. Since mid-quarter, investors have dumped shares, including those of IT vendors, as concerns about the faltering U.S. housing sector, mortgage payment failures, and related worries about the credit market have grown.The Fed's move was meant to allay worries about a potential tightening of credit, which is often expected to dampen business and consumer spending. But economic concerns have not appeared to slow the pace of M&A among IT vendors themselves. For example, to expand its foothold in the U.S.,Â T-Mobile announced Monday that it will buy SunCom WirelessÂ for $2.4 billion. SunCom Wireless jumped $3.65 to close at $25.65 after the announcement. Yahoo also helped the week start off with a bang, announcing a $350 million acquisition in the hot software-as-a-service market.Â Yahoo is buying Zimbra, which offers a hosted collaboration and messaging software suite. Yahoo shares closed Monday at $24.95, up by $0.22. There were a host of other M&A news, including Monday's announcement by InfoSpace, that it would sell its Switchboard.com online directory business for $225 million to Idearc, a print and online directory publisher. InfoSpace shares soared $4.13 to close at $17.38 on the news. Meanwhile Leap WirelessÂ rejected an unsolicited buyout offer from cell phone rival MetroPCS, saying the $4.7 billion bid underestimates Leap's growth potential. Generally, M&A news boosts investor confidence because it is taken as a sign that the vendors themselves are certain enough about new technology to bet big on it. Other good news this week came from software bellwetherÂ Oracle, which Thursday announced that strong database, middleware and services revenue helped bring net income for its first fiscal quarter to $840 million, a 25 percent jump from the year-earlier period. In the hardware arena, Best BuyÂ reported Tuesday that due in part to strong sales of computers, net income rose to $250 million for the quarter ended Sept. 1, compared with $230 million a year earlier. Gartner offered more good news for hardware, predicting in a report Thursday that lower prices and the improved performance of laptops will fuel continued growth in PC sales. Worldwide PC shipments will grow 12.3 percent this year, Gartner said.
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Find bargains in the market with exchange-traded funds.
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Plus: Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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Stocks rose in early trading Monday after a fresh round of buyout news offered evidence that Wall Street's penchant for dealmaking hasn't disappeared.
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The Dow was flat as bargain hunters bought some defensive large-cap stocks, while the S&P 500 and the Nasdaq fell on Monday as the latest round of the global equity sell-off gave investors a reason to avoid risk.
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How to find great stocks at great prices.
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The wit who dubbed August "the dog days of summer" could have been looking at 2004's tech stocks in his crystal ball. Just what is ailing these critters? Let's look at all of the possible explanations. Perhaps by eliminating the foolish and transient we can discover a theme and pick up some bargains.
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Now is the time to be greedy, not fearful.  Here are the stocks some of the top advisers are buying.
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If only the rest of my investments worked out this way. One week ago, I submitted a bid for Google Inc. stock that overestimated the eventual auction price of the computer search company's initial public offering by nearly 30 percent. But I sold my shares shortly after Google stock began trading yesterday and still walked away with a nice profit, ...
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Stocks rose on Monday, rebounding from the worst weekly loss in five years, as bargain-hunting and takeover talk sparked gains in the technology sector and higher oil prices lifted energy stocks.
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Tokyo stocks edged higher Friday morning amid some bargain-hunting in technology and auto companies. The U.S. dollar was higher against the Japanese yen.