BlackBerry, Red Hat Among the Market Winners on Thursday; Juniper Networks Loses Ground; Gold Close to $1,300

The markets opened higher on Thursday and have been fluctuating so far. Yesterday S&P 500 hit a new record high on the back of the Fed announcement to keep the rates low and reduce tapering by $10 billion. Currently the Dow Jones Industrial Average (INDEXDJX:.DJI) is down 0.15%, while the S&P 500 INDEX (INDEXCBOE:SPX) inched down by around 0.1%. The Russell 2000 (INDEXRUSSELL:RUT), which measures the performance of the small cap segment is also down by 0.17%.

U.S. Financial Hub: Wall Street

BlackBerry Ltd (NASDAQ:BBRY) is one of the stocks that started the day in green, and will probably close up, currently appreciating by 12% to $9.28 on the back of the financial results report. The company posted a revenue of $966 million for the first quarter of its fiscal 2015, which is down by 1% on the quarter, and significantly lower than $3.07 billion reported for the same period of last year. However, BlackBerry has reduced impressively its net loss to $0.04 per share, from $0.80 per share in the previous quarter, and $0.16 per share in the first quarter of the last fiscal year.

“The Company anticipates maintaining its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The Company is targeting break-even cash flow results by the end of fiscal 2015,” BlackBerry said in a statement.

Another Tech Stock that rallied today is Red Hat Inc (NYSE:RHT), which jumped 5% at the opening of the trading, and is currently 3.40% up. The stock went up after reporting its financial results for the first quarter of the fiscal year, which showed a 17% annual increase in revenues to $425 million. The GAAP net income of Red Hat amounted to $0.20 per diluted share, versus $0.21 per share in the same period of last year.

Juniper Networks, Inc. (NYSE:JNPR), on the other hand, has lost around 3.40%, currently trading at $24.40. According to the Analyst Ratings Network, today, Mizuho has downgraded Juniper Networks to ‘Neutral’ from ‘Buy’ and reduced the target price to $26.00 from $32.00.

In the precious metals segment, Gold is appreciating, currently being over 2.00% up, at close to $1,300. Silver has also advanced, gaining 2.82%, while Copper and Platinum gaining 0.03% and 1.08% respectively. Among energy commodities, WTI Crude Oil added 0.53% so far, trading at $106.60, and BRENT is 0.61% in green, at $114.90.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!