HOT STOCKS: GE and Apple Hit NEW HIGHS, Facebook Skips Market Rally
Shares of General Electric (NYSE:GE) hit a new 52-week high on Thursday, and continue to attract attention in late afternoon trading. Bank of America (NYSE:BAC) reinstated its Buy rating on the conglomerate with a $25 price target.
Apple (NASDAQ:AAPL) shares touched a new intra-day all-time high of $685.50 on Thursday. The tech giant continues to receive positive momentum from the iPhone 5 unveiling, in addition to a new line-up of iPods. In late afternoon hours, shares ticked slightly higher.
Facebook (NASDAQ:FB) shares closed 1 percent lower just one day after seeing its biggest one-day gain since going public in May. Not even the Fed’s latest QE program could send the shares higher. Ken Sena from Evercore said that the company’s domestic PC usage is in decline because younger users are spending less time on the service.
Shares of Analogic (NASDAQ:ALOG) surged nearly 11 percent in late afternoon hours yesterday. The company announced a quarterly profit of $12.1 million (96 cents per share), compared to only $5.6 million (45 cents per share) a year earlier. Analysts were expecting earnings of 71 cents per share.
Investor Insight: More QE Keeps the Momentum Going Financials