Morning Movers: Apple Jumps 3%, Yahoo! Receives Upgrade from Goldman
Shares of Apple (NASDAQ:AAPL) gained more than 3 percent Tuesday in pre-market trading. The tech giant dominated Thanksgiving shopping traffic. The iPad generated more online traffic than any other tablet or smartphone, accounting for almost 10 percent of line shopping, according to IBM (NYSE:IBM). Apple also came in second, with its iPhone representing 8.7 percent of traffic, followed by Android’s (NASDAQ:GOOG) 5.5 percent share.
Yahoo! (NASDAQ:YHOO) shares received a 0.51 percent boost after receiving an upgrade from Goldman Sachs (NYSE:GS). Analyst Heath Terry added the Marissa Mayer-led company to Goldman’s Conviction Buy List and raised its price target to $24 per share from $22.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Shares of Netflix (NASDAQ:NFLX) dropped on Monday. Albert Fried downgraded Netflix to an Underperform rating, saying “We think NFLX’s aggressive accounting practices in the context of the Autonomy fiasco are enough to dissuade potential NFLX suitors.” The firm added, “We think corporate boards will be more diligent in large strategic transactions and we think due diligence is a potential NFLX deal head wind.”
Las Vegas Sands (NYSE:LVS) jumped 4.81 percent today. The casino company announced a special dividend of $2.75 per share, along with a regular dividend boost of 40 percent.
Investor Insight: Are These the 10 Most Important Stocks in the Market?