Stocks Move Higher as Apple May Release New iPhone in Up to Three Different Sizes
NEW YORK, April 10, 2013 /PRNewswire/ --
Stocks edged slightly higher on Tuesday with earning season in motion. This week Bed Bath and Beyond, CarMax, and JPMorgan Chase are set to report among others. Topeka Capital Markets analyst Brian White in a note to clients said on Tuesday that Apple may release the new iPhone 5S in two or maybe three screen sizes.
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ZIOPHARM Oncology, Inc. (Nasdaq: ZIOP) - Shares of ZIOP saw a pop on Tuesday after the Company reported encouraging results from a preclinical trial of a cancer therapy. Ziopharm said larger doses of Ad-RTS-mIL-12 were linked to bigger decreases in the growth rate of the tumors, and that side effects appeared to be minimal. The stock closed up 5.56% yesterday.
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Himax Technologies, Inc. (Nasdaq: HIMX) - Himax Technologies hit a new 52-week high of $6.63 on Tuesday on volume more than five times higher than average. The stock closed at $6.06 yesterday, up 4.30%.
Microsoft Corporation (Nasdaq: MSFT) - Microsoft Corporation was one of the most active stocks on the Nasdaq composite on Tuesday. The Company announced that they will publish fiscal year 2013 third-quarter financial results after the close of the market on Thursday, April 18. On April 8, 2014 the Company also announced it will be retiring Windows XP. Shares closed up 3.57% at $29.61.
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J. C. Penney Company, Inc. (NYSE: JCP) - JCP shares sank to a 12 year low of $13.90 on Tuesday. The stock hasn't seen these levels since February of 2001. Chief Executive Officer Ron Johnson has been ousted and the Company is replacing him with his predecessor, Myron Ullman According to WSJ, Q1 same-store sales were down more than 10% compared with a year earlier, people familiar with the matter said. Shares closed down 12.22% yesterday.
Alcoa Inc. (NYSE: AA) - Alcoa Inc. saw a surge in volume on Tuesday after reporting first-quarter earnings late Monday that exceeded analysts' estimates. Net income rose to $149 million, or 13 cents a share, from $94 million, or 9 cents, a year earlier. Shares of AA were little changed closing at $8.39.
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