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

Apple, RIM, Microsoft: Tech Premarket

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) 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 - Get Report) 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 - Get Report), 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:

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
AAPL $93.18 -0.47%
ARMH $40.63 0.77%
FB $117.77 -0.25%
MSFT $49.92 0.10%
SYMC $16.59 -0.48%


Chart of I:DJI
DOW 17,660.58 +9.32 0.05%
S&P 500 2,049.58 -1.54 -0.08%
NASDAQ 4,718.8410 -6.7980 -0.14%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs