This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dow Snags Triple-Digit Gain

Texas Instruments (TXN) raised the low end of its second-quarter revenue and earnings estimates after Monday's closing bell. The company now sees earnings of 32 to 36 cents a share in the June-ending period on revenue ranging from $3.28 billion to $3.42 billion. The current estimate of analysts polled by Thomson Reuters is for a profit of 41 cents a share on revenue of $3.35 billion in the quarter. The stock added 2%.

Seagate Technology (STX), the hard drive maker, saw its shares rise 2% after David Einhorn of Greenlight Capital disclosed ownership of more than 23 million shares, or a 5.4% stake, in the company. That's an increase from the 14.5 million shares, or 3.4% stake, that Einhorn disclosed as of March 31. Shares closed up 2.8%.

Juniper Networks (JNPR), the networking equipment maker, announced a new $1 billion buyback authorization. The stock gained 1.3%.

Another big mover was Zynga (ZNGA - Get Report), which dropped 10% with volume exceeding 55 million, close to three times the issue's trailing three-month daily average churn.

The stock fell below $5 for the first time ever with trading triggering a short-sale circuit breaker. The driver was believed to be an analyst report from Cowen saying the company's daily active user activity fell 8.2% last month.

-- Written by Andrea Tse and Joe Deaux in New York.

>To contact the writer of this article, click here: Andrea Tse.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ZNGA $2.61 0.58%
BA $147.09 -0.23%
AAPL $117.98 -0.04%
FB $105.44 0.03%
GOOG $751.96 0.51%


Chart of I:DJI
DOW 17,819.00 +5.61 0.03%
S&P 500 2,091.73 +2.86 0.14%
NASDAQ 5,130.2280 +14.0850 0.28%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs