Yahoo Seeks Growth Through Overhaul and 3 Heavily Traded Shares Moving Now
Research In Motion Limited (NASDAQ:RIMM): Current price $15.74
This week, RIM introduces BlackBerry 10 and two new phones that will run off of it, but observers wonder who will buy it, says the Wall Street Journal. The firm used to rely upon profitable deals with corporations and government agencies for the most of its business, however, now that percentage has fallen to between 20 and 25 percent, calculates analyst Kris Thompson at National Bank of Canada.
Boston Scientific Corporation (NYSE:BSX): Current price $7.08
The firm has announced an expansion of its 2011 restructuring program, through which it estimates that it will shrink gross annual pre-tax operating expenses by roughly $100 million to $115 million at the end of 2013, and that the aggregate 2011 restructuring program, including the expansion, will reduce gross annual pre-tax operating expenses by around $340 million to $375 million for the same period. Additionally, Boston Scientific expects the reduction of between 900 and 1,000 positions globally through a combination of employee attrition and targeted headcount reductions resulting from the expansion.
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Yahoo! (NASDAQ:YHOO): Current price $20.30
In Yahoo’s first financial outlook since Mayer became Chief Executive in July, the firm described a plan to ignite a “chain reaction of growth” by overhauling a dozen of its online services so as to increase the amount of time users spent on its websites. Additionally, the report cited strength in its search advertising division and progress made in improving its internal operations. Shares were 3 percent higher in after-hours trade following the revenue projection being disclosed during an analysts conference call, but pulling back after earlier rising as much as 4.5 percent.
Dell (NASDAQ:DELL): Current price $13.26
TheStreet Ratings has upgraded Dell from Hold to Buy as the firm’s strengths can be seen in multiple areas, like its attractive valuation levels, solid cash flow from operations and largely impressive financial position with reasonable debt levels by most metrics.
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