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!

BlackBerry Booms, Zynga Zooms: Tech Winners & Losers

Stocks in this article: BBRY ZNGA AAPL

(Updated from 3:51 p.m. ET with closing prices.)

NEW YORK ( TheStreet) -- BlackBerry (BBRY) shares soared 11% to $11.23 on renewed speculation that the company could be a takeover target by Lenovo.

In an interview with France's Les Echos, Lenovo's CEO Yang Yanqing said that BlackBerry's portfolio could make sense as an acquisition candidate eventually.

A translation from Google Translate shows the CEO is thinking about additional ways to growth the company. "External growth is all about opportunities. You can not rely solely on it to develop. So we will rely primarily on our own forces, while remaining vigilant on the market and its players. As for BlackBerry, the file could possibly make sense. But first I have to analyze the market well and understand what is the exact weight of this company."

Zynga (ZNGA) shares zoomed 10.64% to $3.95 after an analyst speculated that it could make sense as an acquisition target for Yahoo! (YHOO).

Wunderlich Securities analyst Blake Harper mentioned Zynga as a potential acquisition target for Yahoo!, given its small market cap. TheStreet opined on this very matter on Friday, saying Zynga could potentially make sense for the Internet giant.

3 M&A Targets for Yahoo!

Other names that were mentioned as possibilities include Yelp (YELP), and Pinterest.

Apple (AAPL) shares rose 1.2% to $436.80 despite another yet equity analyst cutting its price target and downgrading the Cupertino, CA. company's shares.

CLSA analyst Avi Silver downgraded Apple to "outperform" from "buy," lowering his price target to $505 from $575. Silver cited weaker iPhone trends as the primary reason why Apple's shares have been so weak in recent months.

Silver also cut his earnings estimates in the maker of the iPad for fiscal year 2014 to $46.62 a share from $51.71 while noting he expects the company to quicken its pace of new products later this year to help Apple return to historica growth levels.

Shares spiked on rumors circulating social media sites including Twitter that the company would pay a special one-time dividend of $30, as it looks to return some cash to shareholders. Apple's cash hoard has prompted the ire of activist investor David Einhorn, who is insisting the company issue preferred stock, dubbed iPrefs, to allow investors to benefit from Apple's $137 billion in cash.

Einhorn's Greenlight Capital dropped a lawsuit against Apple earlier this month.

Closing prices: BBRY closed up 14.1%, or $1.84, to $14.90; YHOO fell 1.3%, or 30 cents, to $22.60. ZNGA rose 10.1%, or 36 cents, to $3.93. AAPL rose 1.4%, or $6.15, to $437.87.

-- Written by Chris Ciaccia in New York

>Contact by Email.

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