Markets Up for Fourth Day Straight
Micron Technology (MU) Up Big on Buyout RumorsTech company Micron (MU) was up big today, adding 11.36% on news that it could be bought out.
Navient (NAVI) Tumbles on Revised GuidanceTimes are tough at Navient (NAVI) and, and that's taking a toll on revenues. In trading today, Navient dropped nearly 11% as investors unloaded the financial company. Navient fell 1.94 points to close the day at $16.42 per share.
Oil Holds Steady Despite Potential Iran DealOne of the biggest worries about the price of oil is a potential plunge as Iranian oil makes its way onto the market. Today, with news of a deal with Iran on the horizon, oil surprised analysts and held steady. The price of oil is still down over 10% on the month, but the trend is reversing. But it will be incredibly hard for oil to reach the levels it was at until supply falls, as it currently outstrips demand.
Google (GOOGL) Soars Ahead of EarningsGoogle (GOOGL) is getting ready for a breakout according to some analysts, as the company gets ready to make its earning public for this quarter. The company is up 6% over 5-days, and added an additional 2% in trading today. Google gained 12.45 points to close at 584.18.
Amazon (AMZN) at All-Time HighShares of online retail giant Amazon (AMZN) hit an all-time high today, after the stock soared 10 points higher to close at $65.57 per share. Opinions are mixed about whether or not Amazon (AMZN) can continue to pile on the gains, but one thing's for sure -- the online retailer is well-positioned to try. Amazon's sales were up last quarter even as retail spending as a whole dropped. The company is currently expanding into the video on-demand business, and the Amazon Prime program ahs matured into a full-featured subscription service.
Published on Jul 14, 2015By Aaron Phillips