Stock Market Today: Why BlackBerry and Finish Line are on the Move

What you need to know about the stock market today.

Mar 28, 2014 at 9:00AM

The Dow Jones Industrial Average (DJINDICES:^DJI) has gained 29 points in pre-market trading, suggesting a positive start to the stock market today. Major global indexes were higher in overnight trading, with European shares rising almost 1% after new data pointed to improving consumer confidence on the continent.

Investors will get a fresh reading on the U.S. consumer today as well. The University of Michigan is set to release its final March estimate of consumer confidence at 9:55 a.m EDT; the figure is expected to come in at 80, close to a post-recession high.

Consumer Sentiment

Consumer confidence. Source: Federal Reserve Economic Data.

Meanwhile, news is breaking this morning on a few stocks that should see heavy trading in today's session, including BlackBerry (NASDAQ:BBRY) and Finish Line (NASDAQ:FINL).

BlackBerry today booked a brutal 64% drop in fourth-quarter revenue, to below $1 billion. To put that sales dip in perspective, it was more than $1.7 billion below last year's quarterly tally. Still, the smartphone provider's overall adjusted loss totaled just $0.08 a share, far better than the $0.67 in red ink it booked a quarter ago, and well above the $0.55 a share loss that analysts were fearing. CEO John Chen said in a press release that aggressive cost reductions have put the company back on "a path to returning to growth and profitability," with BlackBerry aiming to reach breakeven cash flow results over the next four quarters. Investors seem to be cheering that not-so-horrible result: The stock was up 1.3% in pre-market trading.

Finish Line today posted strong fourth-quarter earnings results. The shoe seller booked a 17% rise in revenue to $519 million, or slightly below analysts' estimates of $525 million. Comparable-store sales were up 6.3%, which was a better result than most retailers managed over the holidays. Finish Line's profit also improved by 14.5% to $0.87 a share. The company just completed its expansion into over 600 Macy's department stores and is expecting that initiative to help earnings rise substantially in the year ahead. Comparable-store sales should grow in the "mid single digits" this year as well, the company said. Finish Line's stock was up 2.2% in pre-market trading. 

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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