#StupidStock Move of the Day! $NOK still up about 4% on takeover speculation? Come on. Just don't see $MSFT or Samsung pulling the trigger.
— Paul R. La Monica (@LaMonicaBuzz) June 8, 2012
Welcome to summer Fridays! Nokia (NOK) takeover rumors seem like your classic case of bored trader gossip. Nokia has been struggling for awhile in the mobile phone market. Its new Lumia phones have been fairly well received but it MOREPaul R. La Monica - Jun 8, 2012 3:19 PM ET
#StupidStock Move of the Day! Investors should be hopping mad that $BNNY is down 5% despite strong sales and earnings, don't you think?
— Paul R. La Monica (@LaMonicaBuzz) June 7, 2012
Annie, are you OK? Are you OK, Annie? You've been hit by. You've been struck by ... criminally smooth expectations. (I may have just hit a new low in pop culture pilfering there. It was either Michael Jackson or Kyle MOREPaul R. La Monica - Jun 7, 2012 3:55 PM ET
#StupidStock Move of the Day! Was tempted to go $SBUX but yesterday's rally equally dumb. Still, $PNRA flat? Shouldn't Panera be nervous?
— Paul R. La Monica (@LaMonicaBuzz) June 5, 2012
Starbucks (SBUX) is getting into the bread business. While the $100 million purchase of La Boulange Bakery in San Francisco is a relatively small deal for the king of coffee, I am a little surprised Panera (PNRA) investors aren't more worried MOREPaul R. La Monica - Jun 5, 2012 1:02 PM ET
#StupidStock Move of the Day! Yes, economy is scary. But $ETN, a quality industrial, down 4% on heavy volume? CEO a straight shooter too.
— Paul R. La Monica (@LaMonicaBuzz) June 4, 2012
It's understandable that investors are nervous about the global economy. There's a lot of scary news out there. But some of the better industrial companies out there are really taking it on the chin. And it may be an MOREPaul R. La Monica - Jun 4, 2012 2:12 PM ET
#StupidStock Move of the Day! $AAPL down 2%? Yes, whole market down. But $AAPL thrived during 08/09 recession. It can handle this slowdown.
— Paul R. La Monica (@LaMonicaBuzz) June 1, 2012
Sure, there's no good reason for stocks to be up today. But don't you think Apple (AAPL) has earned the benefit of the doubt? It was not hurt during the Great Recession. And so far, this is not looking like MOREPaul R. La Monica - Jun 1, 2012 2:36 PM ET
#StupidStock move of the day! Yes, $LNKD is insanely expensive. But why down 5% today? Still a better growth story than $FB if you ask me.
— Paul R. La Monica (@LaMonicaBuzz) May 31, 2012
I try not to drink the tech Kool-Aid too often -- although I did work at Red Herring in 2000 and 2001 (Remember those magazines that were the size of phone books ... that were soon replaced MOREPaul R. La Monica - May 31, 2012 2:01 PM ET
#StupidStock Move of the Day! $EBAY is down more than 6% on no news & big volume. Do people really think Europe is hurting PayPal that much?
— Paul R. La Monica (@LaMonicaBuzz) May 30, 2012
Yes, a slowdown in Europe won't be great news for eBay (EBAY). But don't we already know that eBay, like nearly every consumer-centric company, will face economic headwinds? Isn't that already priced into the stock, which MOREPaul R. La Monica - May 30, 2012 2:11 PM ET
#StupidStock Move of the Day! $BTU up 4% just because $GS upgraded? That's all it took? Fundamentals for big coal still look pretty weak.
— Paul R. La Monica (@LaMonicaBuzz) May 29, 2012
Cue the theme from The Muppet Show. Peabody Energy (BTU) surged 4% mainly because analysts at Goldman Sachs (GS) decided to upgrade the stock to a buy. It's a bit curious.
Coal stocks have had a wild ride lately. The Market MOREPaul R. La Monica - May 29, 2012 2:24 PM ET
#StupidStock move of the day! $CHK up nearly 3% as the Icahn rumor just won't die. Even if he does invest, fundamentals look unappealing.
— Paul R. La Monica (@LaMonicaBuzz) May 25, 2012
It's official. Finally. Icahn discloses 7.56% stake in $CHK. Good luck, Carl.
— Paul R. La Monica (@LaMonicaBuzz) May 25, 2012
Update! 4:08 p.m. Carl Icahn does own a piece of troubled Chesapeake Energy (CHK). It's official. He disclosed a 7.56% MOREPaul R. La Monica - May 25, 2012 4:08 PM ET
@LaMonicaBuzz $EMC one of the best run companies in its industry. STUPID move.
— Nico Pollari, CFA (@NicoPollari) May 24, 2012
Storage company NetApp (NTAP) is down 13% Thursday, making it the worst performer in the S&P 500. The company announced earnings after the bell Wednesday and its guidance spooked investors. Rival EMC (EMC) has plunged more than 5% on the news as well.
I don't understand the logic behind EMC's fall though. MOREPaul R. La Monica - May 24, 2012 12:21 PM ET
|Number of Americans renouncing U.S. citizenship jumps 20% in 2015|
|Every Chipotle will close Monday for a 4-hour food safety meeting|
|Facebook CEO Mark Zuckerberg and wife announce daughter's Chinese name|
|CBS uses Super Bowl to announce 'The Good Wife' is ending|
|U.S. running out of space to store oil|