Published January 24, 2014
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 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 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.
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.
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.