4 Tech Stock Stories for Savvy Scanning

Apple (NASDAQ:AAPL): Current price $430.24

Apple intends to commence the production of a refreshed iPhone similar in size and shape to its current one in the second quarter, according to knowledgeable sources, setting up a possible summer debut for the next version of its flagship product. Concurrently, the company continues to collaborate with its manufacturing partners in Asia on a less expensive iPhone that could be introduced as early as the second half of 2013.

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AAPL

Time Warner (NYSE:TWX): Current price $57.44

Warner Brothers’ studio’s online archive site, Warner Archive, has just introduced a new streaming service that allows access to old movies and TV shows from its large content library. The move takes the opposite position from Warner’s primary business of creating new original content, but it does not take away from the profitable business of selling rights to old content to third-party services such as Netflix, Amazon Prime, and Hulu. The new service provides a free two-week trial, but normally charges $10 per month for access to its content library.

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TWX

Activision Blizzard (NASDAQ: ATVI): Current price $14.73

Coverage of shares was begun by UBS with a buy, along with a price target of $17. The research firm commented that ”We believe Activision Blizzard is attractively valued at current levels, especially given the potential for continued strength in its core franchise and a possible recapitalization of the company’s capital structure, While we expect the upcoming console transition will impact sales, we believe development costs will rise less than expected.”

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ATVI

Rackspace Hosting (NYSE:RAX): Current price $48.72

Rackspace shares were downgraded at Wells Fargo from Outperform to Market Perform and its valuation range lowered from $70 to $73 to $47 to $52. Analyst Gary Powell remarked that this transition period will limit upside, and commenting that ”While we continue to believe that RAX is a great company with excellent management and strong long term growth prospects, we think the company is in a transition period which could limit stock appreciation from current levels for the next 6-12 months. As we highlighted last week, we believe cloud computing is to some extent cannibalizing managed hosting growth. In addition, we believe that the impact of recently reduced bandwidth prices will pressure RAX revenues to a greater degree than we originally expected.”

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RAX

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