Microsoft Device Gamble Pays Off and Other #Stocks2Watch

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Published January 24, 2014

| FOXBusiness

Microsoft Device Gamble Pays Off and Other #Stocks2Watch

#Stocks2Watch: Microsoft Device Gamble Pays Off

Microsoft shares rallied in the pre-market after the software giant posted better-than-expected quarterly results. 

Microsoft [MSFT]

Microsoft revealed quarterly profits that widely beat Wall Street's estimates, helped by moves to sell more hardware devices instead of just software. Shares of the blue-chip tech giant are jumping 3% in pre-market action.

BlackBerry [BBRY]

BlackBerry shares are skidding more than 5% in the pre-market. It isn't clear what the shares of the embattled smartphone maker are moving on. 

EBay [EBAY]

FOX Business Associate Producer Julie VerHage says she's watching shares of eBay as billionaire investor Carl Icahn prepares a proxy battle to put his people on the firm's board and spin off PayPal. The shares are down 0.73% in early action.

Juniper Networks [JNPR]

Jana Partners unveiled a sizeable stake in network-equipment maker, sending its shares zooming close to 6% in pre-market trading. 

Argentine Peso

It's not a stock, but it's worth watching. The Argentine government devalued the peso by 12.7%, according to Nomura. The biggest devaluation since 2002 is aimed at bolstering the country's foreign reserves and boosting its economy. The move is ricocheting into bigger marketplaces amid contagion worries.

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http://www.foxbusiness.com/investing/2014/01/24/microsoft-device-gamble-pays-off-and-other-stocks2watch/