Published January 22, 2014
IBM Shares Sing the (Big) Blues and Other #Stocks2Watch
#Stocks2Watch: IBM Shares Sing the (Big) Blues
IBM shares slid 4% in the pre-market after Big Blue posted disappointing quarterly revenues.
IBM revealed better-than-expected quarterly profits after the bell Tuesday. However, worries about disappointing sales are sending Big Blue's shares sinking nearly 4% in pre-market action.
FOX Business Reporter / News Editor Victoria Craig says she's watching shares of Coach, which are diving 6% in the pre-market on concerns about a 13.6% drop in comparable-store sales. The high-end apparel maker has been struggling from competition from rivals like Fifth & Pacific's Kate Spade and Michael Kors.
Nuance Communications [NUAN]
Nuance Communications shares are roaring 7% higher in pre-market action after the maker of speech-to-text software upped its outlook for fiscal first-quarter.
ASML Holdings [ASML]
ASML Holdings shares are zooming close to 7% higher in the pre-market after the Dutch maker of tools to make computer chips unveiled better-than-expected quarterly results.
Advanced Micro Devices [AMD]
Advanced Micro Devices shares are plummeting 8% in early trading after chipmaker revealed a gloomy revenue outlook. The company has had a tough time adapting to growth in mobile devices along with slumping PC demand.