The tech rumor mill pushes Qualcomm to the top of the Stock Search list. Qualcomm ( QCOM) has emerged as one of the leading suppliers of the internal 3G modems in laptops, effectively replacing the clunky plug-in antenna configuration. Global tech company Corning ( GLW) had its outlook cut to negative by Moody's, but said Thursday it expects to turn a first-quarter profit due to an increase in glass orders over the past several weeks.
Bank of America and former Merrill raised the price target on Apple ( AAPL) to $120 as the company makes moves into Asia. Zombie bank Citigroup ( C) sold 87% of its stake in Redecard, a Brazilian-based credit card payment company, to foreign investors. In happier times, Countrywide agreed to meet job-creation numbers in order to receive financial incentives. Since then, it collapsed and was taken over by Bank of America ( BAC), which is trying to keep the information about the jobs agreement private. AIG ( AIG) is one of the banks included in a report that noted huge losses in derivative trading in the fourth quarter. Wells Fargo ( WFC) looks to be well-positioned to benefit from early writedowns on toxic assets. The debate continues as to whether Spectrum Pharmaceuticals ( SPPI) will make its Zevalin acquisition pay off. General Electric ( GE) managed to rally throughout the week, in spite of shareholders filing suit as a result of the dividend cut. Cramer is taking the opportunity on a pullback in BHP Billiton ( BHP) shares to add to his position in his Action Alerts Plus Portfolio. For more of what Cramer is trading, email us for your free trial!