Apple Inc. (NASDAQ:AAPL) ‘s stock is tumbling in morning trading, hurt by a lackluster first-quarter performance and a cautious second-quarter revenue outlook. The shares dropped more than 7 percent, hovering slightly above $511. The iPhone maker initially lost nearly $40 billion in market value. On Monday Apple Inc. said it sold more iPhones and iPads in the first quarter than in any prior quarter, but investors were expecting even bigger things from the Cupertino, Calif., company. Apple Inc. (NASDAQ:AAPL) stock opened today at $508.76 and is currently trading at $514.57. The stock showed a positive weekly performance of 1.82%.
Susquehanna raised its price target on Caterpillar Inc. (NYSE:CAT) following Q4 results. The firm cited reduced inventories, structural cost savings in place, beatable growth expectations, and its $10B share repurchase plan. Shares are Positive rated. Caterpillar Inc. (NYSE:CAT) stock opened at $91.40, in current trading session and currently is at $92.01, by gaining 0.78%. The 52 week range of $79.49 – $99.70. Company’s market capitalization is $58.54 billion.
AT&T Inc. (NYSE:T) isn’t about to buy Vodafone. But the company hasn’t hung up on its European ambitions. The carrier said Monday it doesn’t intend to make an offer for U.K.-based Vodafone. The announcement came in response to a request from U.K. regulators who asked AT&T to clarify its intentions toward Vodafone. AT&T Inc. (NYSE:T) stock is open at $33.50 and currently trading at $33.54. The EPS of the stock is 1.41. Company’s market capitalization is $177.14 billion.
Comcast Corporation (NASDAQ:CMCSA) added 43,000 video subscribers in the fourth quarter — the first quarterly gain in six and a half years — as the nation’s top cable TV company said that uptake of its X1 set-top box helped it retain customers and boost video-on-demand spending. Comcast Corporation (NASDAQ:CMCSA) stock opened the session at $54.00, and now is at $53.66. The 52 week range of the CMCSA stock remained $37.81 – $54.65 and the day range was $53.21 – $54.13.
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