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

Pandora Pops, Oracle Drops: Winners & Losers

(Updates from 2:58 p.m. ET with closing information.)

NEW YORK ( TheStreet) -- Pandora Media (P - Get Report) shares popped 7.3% to $16.23 after the music streaming website announced that its Internet services are currently available in more than 100 car models.

The company noted that it's seen more than 2.5 million unique activations through these integrations.

Pandora Chief Marketing Officer Simon Fleming-Wood said, "The vehicle is the traditional home of radio and thanks to our deep roster of forward-thinking automotive partners, Pandora has been seamlessly incorporated into the dash of more than 100 different vehicle models made available by our partners. We're thrilled that millions of people are enjoying Pandora through these integrations, which make listening to personalized internet radio as easy as AM/FM radio."

Pandora is now in more than 100 models available from Acura, BMW, Buick, Cadillac, Chevrolet, Ford, GMC, Honda, Hyundai, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Nissan, Scion, Suzuki and Toyota.

BlackBerry (BBRY - Get Report) shares gained 2.3% to $14.43 as yet another analyst posted a positive report heading into earnings later this week.

RBC Capital Markets analyst Mark Sue, who rates shares "sector perform" with an $18 price target, noted earnings might offer something for the bulls and bears, with concerns on handset sales and service revenue worries. He expects BlackBerry to earn 9 cents per share on $3.5 billion in revenue.

It comes down to whether or not BB10 is the important turn in the corner or whether near-term units are based on initial sell-in to the channel," Sue wrote in the report. "Key metrics remain gross margins (is BlackBerry cutting deals?); operating margins (is BlackBerry spending to push each incremental unit?) and channel inventories."

Apple (AAPL - Get Report) shares were lower, off 0.22% to $401.66 on concerns about near-term iPhone sales.

Oppenheimer analyst Ittai Kidron lowered his earnings estimate for the June quarter, and cut his price target to $460 from $480, and now expects Apple will sell 26 million iPhones in the quarter, down from 27 million previously.

"We're adjusting our June estimates accordingly (lower ASP on mix shift/slight unit cut) to slightly below consensus," Kidron wrote in the note. "We're also significantly pushing back our iPhone estimates for the September quarter as our previous expectation for the timing of a new iPhone release looks overly optimistic."
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
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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $113.29 0.33%
BBRY $7.37 2.50%
MSFT $43.93 0.07%
P $18.10 3.49%
ORCL $37.46 1.74%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs