Facebook Inc. extended gains on Thursday as it released a software for mobile devices called Android Home Facebook. Best Buy Inc. soared to a 12-month closing high, since it launched in stores Samsung boutiques.
Japanese relief excites Asia
Asian markets rose after the Bank of Japan released its fight against deflation aggressive plan.
JC Penney Co. JCP 4.50% shares added 4.5%, the second biggest winner in the S & P 500. The action was raised to neutral from sell Gilford Securities.
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| Smartphones Applications for Facebook |
Facebook FB 3.13% added to earlier gains to close above 3%, as initial market reaction to their latest user interface was positive.
Facebook Home promises that will make a phone "friendly" with constant updates and messages from friends photos. "Notifications in advance and quick access to essential items means you'll never miss a moment. And you can continue chatting with friends, even when you're using other applications," said social media company said in a statement.
Facebook Home promises that will make a phone "friendly" with constant updates and messages from friends photos. "Notifications in advance and quick access to essential items means you'll never miss a moment. And you can continue chatting with friends, even when you're using other applications," said social media company said in a statement.
Home will be available for loading in a limited number of Android smartphones from HTC and Samsung as of April 12.
Smartphone-related shares were mixed with Apple Inc. AAPL -0.99% losing 1%, Google Inc. GOOG -1.38% to 1.4% and BlackBerry BBRY sliding 0.3% -0.27%.
NFLX 166.69, -3.05, -1.80%
NFLX 166.69, -3.05, -1.80%
$ NFLX: Netflix Inc. NFLX -1.80% shares remained under pressure after Time Warner Inc. TWX 0.29% launched its own video streaming service. The stock is down nearly 2% after shedding 4% on Wednesday, partly on concerns that Carl Icahn, a major shareholder, is unwound part of his game.
$ MNST: Monster Beverage Corp. MNST 4.14% of the shares were among the best performers in the S & P 500 SPX +0.40%. The action was one of the best options of UBS in the second quarter with 25% upside potential, 24/7 Wall St. reported.
$ CTL: CTL Century Link Inc. 2.74% shares are getting a boost after the stock was upgraded to overweight from neutral at JP Morgan on Thursday.
$ EWJ: The i Shares MSCI Japan Index Fund 4.11% EWJ rose more than 4% after the Bank of Japan announced aggressive easing measures intended to lift the Japanese economy out of deflation.
Winners
$ EWJ: The i Shares MSCI Japan Index Fund 4.11% EWJ rose more than 4% after the Bank of Japan announced aggressive easing measures intended to lift the Japanese economy out of deflation.
Winners
Best Buy BBY shares rose 16.07% to 16%, its biggest percentage gain in almost three months. The retailer is presenting at the store Samsung Electronics KR: -0.07% 005,930 stores called Samsung Experience Stores in Best Buy in 1400 places the U.S. This is also increasing the rewards for their credit card loyalty program by 25% as part of its bid to turn around its business.
Japanese relief excites Asia
Asian markets rose after the Bank of Japan released its fight against deflation aggressive plan.
JC Penney Co. JCP 4.50% shares added 4.5%, the second biggest winner in the S & P 500. The action was raised to neutral from sell Gilford Securities.
Coupons have helped raise traffic and sales and a reduction in authorizations translates into higher prices for goods, Bernard Sosnick Gilford said in a report.
Down
Down
PXD Pioneer Natural Resources Co. -2.57% fell 2.6%, the second worst in the S & P 500. The stock is up 11% so far this year.
TDC Teradata Corp. -7.45% shares sank 7.5%. Analysts at Mizuho Securities reiterated its buy recommendation on the shares but lowered its price target to $ 65 from $ 71. "The company has significant wind for the first half of 2013, which should reverse in the second half due to the acceleration in large deals, improving the environment and easier to compare spending," said analysts at a note.
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