This Day On The Street
Continue to site right-arrow
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 Under $10 with 50-100% upside potential - 14 days FREE!

Stocks Finish Mixed as Apple Weighs

Stocks in this article: ^DJI ^GSPC ^IXIC BA CAT F JNPR BWLD RVBD

"Admittedly, new home sales are a much smaller portion of the housing market, but the decline is coincident with the broader weakening of economic activity observed into the summer," said Dan Greenhaus, chief global strategist at BTIG. "Importantly, there was a very steep drop in sales of new homes in the northeast, falling to the lowest level we believe on record."

"While a housing recovery is underway, it is most certainly not 'all good.' Fits and starts are to be expected and clearly this summer is one of the 'fits,'" Greenhaus said.

Across the pond, the U.K. reported second-quarter gross domestic product that saw the largest quarterly contraction since the first quarter of 2009, and the Ifo Institute's German business confidence index declined for July.

The FTSE in London finished flat and the DAX in Germany closed up 0.25%.

September crude oil futures rose 47 cents to settle at $88.97 a barrel. August gold futures soared $31.90 to settle at $1608.10.

The benchmark 10-year Treasury was down 2/32, raising the yield to 1.398%, while the greenback was sliding by 0.50%, according to the dollar index.

In other corporate earnings news, automaker Ford (F) posted near-record profit in North America but showed declines in every other area of the world and missed second-quarter analysts' estimates. Shares ticked 9 cents lower to close at $8.97.

RadioShack ( RSH) missed expectations and posted a second-quarter loss as sales slid and gross margins fell. The company also suspended its dividend payments. The stock dropped 29%.

Shares of Riverbed Technology ( RVBD) jumped 26% after the network gear provider provided a better-than-expected third quarter guidance.

Buffalo Wild Wings (BWLD) missed with its second-quarter results as it continues to struggle against high chicken wing prices. The stock lost nearly 11%.

Netflix (NFLX) was also a big mover to the downside in Wednesday's trading after streaming movie and DVD-by-mail company beat the consensus but gave a mixed and rather confusing outlook, forecasting a potential loss in the third quarter and more red ink in the fourth quarter as it continues its international expansion. The stock dropped 25% on nearly five times its normal volume.

-- Written by Andrea Tse in New York.

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

2 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs