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

Stocks to Watch: RIM, AMD (Update 1)

NEW YORK -- Investors at Research In Motion's (RIMM) annual shareholders' meeting Tuesday will be listening for details about the troubled BlackBerry maker's long-term strategy.

RIM recently reported a worse-than-expected loss in its first quarter, announced 5,000 job cuts, and said it was delaying its long-awaited BlackBerry 10 technology.

RIM shares ticked up 5 cents, or 0.65%, in premarket trading Tuesday to $7.72.

It's Time for Brocade to Sell and Cisco to Buy

Advanced Micro Devices (AMD - Get Report) said it sees a sequential decrease in revenue of 11% for the second quarter, down from a prior forecast for growth of 3%.

The chipmaker cited slow growth in China and Europe as well as weak consumer demand for PCs for the weak outlook.

Shares of Advanced Micro Devices fell 10.14% in premarket trading Tuesday to $5.05.

Alcoa (AA - Get Report), the aluminum giant, topped Wall Street's second-quarter earnings forecasts by a penny.

Revenue totaled $5.96 billion but that was down from a year earlier and Alcoa's operating profit was just $61 million for the three-month period.

Shares of Alcoa ticked up 7 cents, or 0.8%, in premarket trading Tuesday to $8.83.

3 Auto Stocks to Buy Instead of Ford, GM

Intel (INTC) announced Monday a series of deals totaling $4.1 billion with semiconductor manufacturing specialist ASML Holding (ASML - Get Report) as the chipmaker looks to boost silicon manufacturing.

Intel will invest about $1 billion in ASML's research and development over five years, and will eventually take a $3.1 billion, 15% stake in Netherlands-based ASML.

Google (GOOG) is close to paying $22.5 million to settle charges related to its bypassing of the privacy settings of customers using Apple's Safari browser, The Wall Street Journal reported, citing officials briefed on the settlement terms.

Google shares gained $1.24, or 0.21%, in premarket trading Tuesday to $587.25.

Patriot Coal (PCX) filed for Chapter 11 bankruptcy protection after Monday's closing bell.

The St. Louis-based coal company said it has secured $802 million in debtor-in-possession financing to continue operations as it reorganizes and attributed its descent into bankruptcy to the "cancellation of customer contracts, lower thermal coal prices and rising expenditures for environmental and other liabilities" which have "severely constrained" its liquidity and financial flexibility.

Sikorsky, a division of United Technologies (UTX), announced Monday that it entered an agreement for $8.5 billion and five years to make 653 H-60 Black Hawk and Seahawk helicopters for the U.S. Navy and Army.

Kass: The Broken Brokers

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to:

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
AA $9.32 0.00%
ASML $92.49 0.00%
AMD $2.33 0.00%
INTL $36.02 0.00%
AAPL $117.81 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs