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!

Amazon Surges, Twitter Pops: Tech Winners

NEW YORK (TheStreet) -- Twitter (TWTR) shares rose 3% to $33.89 after rumors of the company looking to purchase Sound Cloud surfaced this morning.

Twitter could not be immediately reached for comment for this story.

The acquisition of the Berlin-based audio file and music sharing website by Twitter would be the second purchasing of a music streaming service by a major tech player this year.

Twitter's interest in adding a music-streaming component to its offering appeared soon after Apple announced it was buying Beats Electronics for $3 billion.

Rumors were also circulating the social media giant also considered other big names in music-streaming services such as Spotify and Pandora Media (P).

Twitter also announced Wednesday that it will purchase Namo Media. This technology firm specializes in "native advertising" for mobile devices and will help the social media deliver promotional material that blends into mobile apps and websites. Terms of the deal were not disclosed.


Amazon (AMZN) shares rose 5.5% to $323.57 after Amazon posted a video Wednesday night that teases for a future unveiling event on June 18.

The video increased excitement about the rumored 3D smartphone that Amazon is rumored to be building. The video revealed different people marveling at a device out of frame that appeared to mimic their movements.

Accompanying the video was an invitation to an event held by Amazon CEO Jeff Bezos in Seattle.


Apple (AAPL) shares rose 0.39% to $647.35 as the company released its "Strength" advertisement last night showing its increased interest in the health and fitness market. The advertisement surfaces right after Apple's recent partnership with Nike (NKE) , Mayo Clinic and a host of others to work on the company's new mobile application, Health, and HealthKit.

Health is an app in the company's upcoming iOS 8, its mobile operating system, that would pull together data such as weight and blood pressure as well as tracking other physical activities. However, the extent of HealthKit's tracking capabilities has not been disclosed.

The ad shows iPhone accompanying runners, instructing gymnast, evaluating golf swings along with other ways the device can improve user's experiences with fitness related activities.

Also See: How Apple's iPhone Ad Hints at its Next Big Thing

Also See: Here Are the Big Video Games That Will Unveil at E3

--Written by Kathryn Mykleseth in New York

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • 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