Apple Gains Ground: Winners & Losers

NEW YORK ( TheStreet) -- Apple ( AAPL) shares, which have fallen for much of 2013, were sharply higher on Monday, gaining 2.98% to reach $453 following reports the company may announce a new iPad later this year.

The tech titan will unveil a new iPad with 128 GB of storage, twice the amount of its largest model, according to the 9to5Mac Web site, which cites unnamed sources.

Apple Stock Plunges After-Hours: Live Blog Recap

Apple shares have taken a beating this year and are off more than 15%. Last week the company reported first-quarter revenue that failed to live up to Wall Street's estimate.

Yahoo! ( YHOO) dipped 0.29% to $20.31 ahead of the firm's fourth-quarter earnings report.

Analysts polled by Thomson Reuters expect the company to earn 28 cents a share on $1.21 billion for the quarter. The Estimize consensus is for 31 cents a share on $1.208 billion in revenue.

Analysts are looking for Yahoo! CEO Marissa Mayer to detail her plans to transform the company, which has enjoyed a share price uptick since she took over in July. " W e believe that Yahoo! is becoming a show me story now that CEO Marissa Mayer has begun to make her impact on the company," wrote Piper Jaffray analyst Gene Munster, in a note.

Research In Motion ( RIMM) shares fell sharply, off 6.65% to $16.37 as Chinese electronics giant Lenovo backed away from comments it made last week suggesting it would buy the Canadian handset maker.

Lenovo put out a statement saying its CFO's comments were taken out of context.

In a statement obtained by The Next Web, Lenovo said:

"In general, we do not comment on M&A rumors or speculation.

We are aware that Lenovo's CFO Wong Waiming was speaking broadly about M&A strategy in a recent interview. RIM was raised as a potential target by the journalist and Mr. Wong repeatedly answered in a manner consistent with all of our previous statements on M&A strategy: Lenovo is very focused on growing its business, both organically and through M&A. When inorganic ideas arise, we explore them to see if there is a strategic fit."

Interested in more on Research In Motion? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

>Contact by Email.

If you liked this article you might like

Warren Buffett Is Never Going to Be the Dumbest Person on Wall Street

Warren Buffett Is Never Going to Be the Dumbest Person on Wall Street

What to Watch From Samsung, Google and Others at the Mobile World Congress

What to Watch From Samsung, Google and Others at the Mobile World Congress

Warren Buffett Is Sticking to His Strengths By Selling IBM and Buying More Apple

Warren Buffett Is Sticking to His Strengths By Selling IBM and Buying More Apple

Buffett Letter to Shareholders May Detail How He Intends to Spend $109 Billion

Buffett Letter to Shareholders May Detail How He Intends to Spend $109 Billion

General Mills Buying a Natural Pet Food Company for $8 Billion Makes Sense

General Mills Buying a Natural Pet Food Company for $8 Billion Makes Sense