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!

Apple, RIM, Microsoft: Tech Premarket

Stocks in this article: AAPL RIMM FB MSFT ARMH SYMC

NEW YORK ( TheStreet) -- Apple (AAPL) was a big gainer in premarket trading on Thursday, as the consumer tech giant continues to grab the headlines.

At the Consumer Electronics Show (CES) this week, Deutsche Telekom CEO John Legere told Reuters that a T-Mobile USA iPhone will be available within the next three to four months. Rumors also continue to swirl about a cheaper iPhone.

Shares of Apple rose 2.39% to $529.44 before market open. The Cupertino, Calif.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 467,735.

Research In Motion (RIMM), which is gearing up for its eagerly anticipated BlackBerry 10 launch later this month, was another big gainer.

Shares of the embattled Canadian handset maker, which have plunged more than 25% over the last 12 months, rose 3.31% to $11.87 on share volume of 209,302 amid news reports that Verizon (VZ), AT&T (T) and T-Mobile will carry BlackBerry 10 smartphones.

Chip design giant ARM (ARMH) was another premarket winner, rising 2.75% to $41.11 on share volume of 170,495.

Facebook (FB) was a more modest gainer, rising 0.39% to $30.71, although the social networker was the most active premarket Nasdaq stock on share volume of 765,554.

Microsoft (MSFT), however, was a laggard before market open, slipping 0.56% to $26.55. The software maker was downgraded to equal weight by Morgan Stanley on Thursday.

"MSFT is far too cheap, has multiple non PC drivers and an attractive 3.5% dividend yield. However, Win 8 is disappointing, the PC market will remain weak for awhile and margins are likely capped," wrote analyst Adam Holt, in a note. "As such, the stock is likely range-bound and we see better potential in names like Symantec (SYMC) and Oracle ( ORCL )."

--Written by James Rogers in New York.

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

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 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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