Google and Big Blue see shares rise more than 4% as earnings are better than expected. IBM sees a solid 2013 as well. Apple recovers from an early decline. It reports results after Wednesday's close.
After supporting the much-maligned Herbalife, activist investor Dan Loeb bets against a similar multi-level marketer.
| Tags: | Investing |
JPMorgan, Goldman Sachs and Morgan Stanley report decent reports. American Express and Citigroup disappoint. Overall results are about average. Markets are closed Monday for Martin Luther King Day.
Production growth from shale deposits in North Dakota and elsewhere is boosting US output ahead of Saudi Arabia's and Russia's, BP says. The US should be basically self-sufficient by 2030.
One reason for the gain is an analyst's call that the stock has bottomed and could rally up to $600. The debate rages on whether iPhone sales are slumping.
Apple is off 31% since mid-September and the CNBC anchor thinks the company has lost its way. Nomura Securities cuts its price target to $530, but other analysts disagree.
If CEO Michael Dell takes his company private, the move may relieve long-suffering shareholders. But a buyout may result in serious job cuts.
The stock has been volatile in the high-stakes battle over the multi-level marketer.
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