Top Radar Stocks: JPMorgan Downgraded, H-P Creates Tablets with Microsoft’s Windows 8
After closing 9.28 percent during regular trading on Friday, shares of JPMorgan Chase and Co. (NYSE:JPM) edged .54 percent lower after the closing the bell. The bank received a downgrade from Fitch Ratings after JPMorgan announced a $2 billion loss the day before. Shares of Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) also traded lower.
Hewlett-Packard Co. (NYSE:HPQ) is attracting attention late Friday. The world’s number one PC maker has decided to jump back into the tablet market. The Chicago Tribune reports that the tablets will run on Microsoft Corp.’s (NASDAQ:MSFT) new Windows 8 operating system. Apple Inc. (NASDAQ:AAPL) shares were unchanged after the news.
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Chesapeake Energy Corp. (NYSE:CHK) managed to bounce slightly higher in extended trading. Shares closed almost 14 percent lower on Friday. The natural gas giant planned to delay its 10-Q filing, but later decided not to once shares sold-off. The company’s future regarding asset sales and liquidity remains in question.
Molycorp Inc. (NYSE:MCP) shares edged higher in late trading. The rare-earth company reported a first-quarter loss of $948,000, compared to a loss of $909,000 a year earlier. However, revenue increased more than threefold to $84.5 million. “The start of 2012 has been tremendously productive as we continue to hit each of our major milestones on the path to completion of Project Phoenix,” said Mark Smith, President and Chief Executive Officer.
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