August 27, 2012
In the following video, industrials editor and analyst Brendan Byrnes discusses the market's uninspired day today. The Dow dropped slightly while Apple's solid day following the Samsung court victory allowed the Nasdaq to remain in the black, albeit barely.
Outside the Dow, car-rental companies were in the news, with Hertz finally completing its deal to acquire Dollar Thrifty. It's been about two years since Hertz's first bid, and both companies' investors seemed excited that it's become official, with each stock rising more than 7.5%.
Finally, Zynga had another day to forget today, falling 6.4% after a Bloomberg report that the company has seen four executives leave this month. It's the latest in a long line of bad news for the company, which has now fallen 68% since its IPO and should still be avoided.
One name that probably shouldn't be avoided is Apple, which is the most influential company in technology and has delivered market-smashing returns for those lucky enough to have invested in it. However, with the impending release of the iPhone 5 and Apple TV on the horizon, the stakes have never been higher for the company. If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details when to buy and sell Apple. To get started, just click here now.