This Day On The Street
Continue to site
ADVERTISEMENT
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's Peak, Google's Valley: Tech Winners & Losers (Update 2)

Updated from 1:06 p.m. EDT to provide closing stock prices in the last paragraph.

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) shares were gaining Monday after an analyst raised earnings estimates into the March quarter. Apple was up 0.31% to $424.51.

Canaccord analyst T. Michael Walkley raised earnings estimates on Apple due to stronger iPhone 4 and iPhone 4S sales. Walkley increased his iPhone estimates for the current quarter to 37 million units from 34.5 million units, and did the same for the June quarter, raised to 27 million units from 25 million.

"Our March quarter global handset surveys indicated the iPhone 5, 4S, and 4 maintained leading share of the high-end smartphone market with improving supply and a stronger mix of iPhone 4 and 4S sales than our expectations," Walkley wrote in a note. He raised his full year 2013 and 2014 estimates for Apple as a result, with 2013 earnings moving to $43.86 a share, up from $43.59 a share. Walkley's fiscal 2014 earnings estimates were bumped up to $50.16 a share from $50 a share.


Google (GOOG - Get Report) shares were off 1.57% to $770.73 as rumors suggest the Internet search giant may spend $1 billion to acquire the messaging application, WhatsApp.

Industry Web site Digital Trends said Silicon Valley-based WhatsApp, which is popular in emerging markets, has been negotiating with Google for several weeks. The company is reportedly trying to get a better price well aware that Google seeks to continue to monetize mobile.

WhatsApp charges 99 cents, and keeps its services ad-free. Google does not currently have a high-profile mobile messaging app to counter Apple and Facebook (FB - Get Report) which do have one.






Facebook (FB - Get Report) shares were giving back some of their recent gains, losing 2.37% to $26.74 after the company unveiled Facebook Home to the public last week.

Facebook Home includes new features, such as Chat Heads, Notifications, Cover Feeds, and App Drawer. Everything is designed to make navigation, engagement, and use much easier and friendlier.

Facebook Home: A Google Killer

A leaked download of the beta version of Facebook Home appeared on the Internet Monday. The official app, available for Android, will be on Google Play, come April 12.

1 of 2

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
SYM TRADE IT LAST %CHG
AAPL $132.41 0.78%
FB $80.54 0.08%
GOOG $542.06 -0.08%
TSLA $246.48 0.35%
YHOO $43.64 -0.08%

Markets

DOW 18,262.71 -23.03 -0.13%
S&P 500 2,129.25 -1.57 -0.07%
NASDAQ 5,096.9430 +6.1490 0.12%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs