Stocks continued their record run as hopes that Congress will pass a budget before a March 27 legislative deadline added to the recent enthusiasm. Dell rose 1.5% after Carl Icahn Carl said his Icahn Enterprises L.P. had signed a confidentiality agreement with Dell and will begin reviewing information related to the PC maker’s plans to go private. BlackBerry rallied 14.1% after the co. set a March 22 release date for its new Z10 smartphone and announcement from AT&T that it would begin pre-orders on Tuesday. Apple gained 1.4% despite a downgrade by CLSA to outperform from buy and lowered its price target to $505 a share from $575, blaming “weaker iPhone trends”. Google added 0.4% after RBC Capital Markets raised its price target to $950 a share from $840. In the evening trade VeriFone jumped 6.7% after the co. said it was replacing Chief Executive Doug Bergeron, effective Tuesday.
Tuesday, March 12, 2013
Extended gains
Stocks continued their record run as hopes that Congress will pass a budget before a March 27 legislative deadline added to the recent enthusiasm. Dell rose 1.5% after Carl Icahn Carl said his Icahn Enterprises L.P. had signed a confidentiality agreement with Dell and will begin reviewing information related to the PC maker’s plans to go private. BlackBerry rallied 14.1% after the co. set a March 22 release date for its new Z10 smartphone and announcement from AT&T that it would begin pre-orders on Tuesday. Apple gained 1.4% despite a downgrade by CLSA to outperform from buy and lowered its price target to $505 a share from $575, blaming “weaker iPhone trends”. Google added 0.4% after RBC Capital Markets raised its price target to $950 a share from $840. In the evening trade VeriFone jumped 6.7% after the co. said it was replacing Chief Executive Doug Bergeron, effective Tuesday.
