- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Shares of Barnes & Noble Inc. (NYSE:BKS) are up more than 2% in morning trading. There is speculation and rumors floating around that the company will announce a strategic partnership with Microsoft Corp. (NASDAQ:MSFT) to offer a tablet or e-reader. Microsoft has a special announcement after the close and shares edged slightly lower in pre-market trading.
General Motors Co. (NYSE:GM) fell .87 percent in early trading. The automaker continues to scale back advertising costs. After announcing to pull ads from Facebook (NASDAQ:FB), GM unveiled that it plans to negotiate with TV networks for price cuts as much as 20 percent on this year’s advertising for fall prime-time programs.
Don’t Miss: Here’s Why Apple IS NOT a Hardware Company
Groupon Inc. (NASDAQ:GRPN) shares bounced 8.4 percent in morning market trading. The online company received an upgrade to Overweight from Morgan Stanley (NYSE:MS). The firm has a price target of $18 on shares and believes competitors such as Google Inc. (NASDAQ:GOOG) and Amazon.com Inc. (NASDAQ:AMZN) have “not gained meaningful traction or deployed new innovations.”
AK Steel Holding Corp. (NYSE:AKS) shares dropped over 6% percent in early trading. The company announced that it expects to earn a second-quarter profit of 4 cents to 6 cents per share, compared to the consensus of 11 cents per share. AK Steel explained, “”Uncertainty and volatility with respect to near-term economic conditions in the United States and in other markets served by the company, including a recent deterioration in spot market pricing.”
Investor Insight: Are Gold Bugs Pessimistic or Realists?
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.