Why Twitter, BlackBerry and Yahoo! Shares are Rising

Shares of Twitter, BlackBerry, and Yahoo! are leading the markets higher.

Jul 1, 2014 at 11:30AM

The Dow Jones Industrial Average (DJINDICES:^DJI) was up more than 128 points as of 11:30 a.m. EDT Tuesday. A few tech stocks were experiencing significant rallies, including Twitter (NYSE:TWTR), BlackBerry (NASDAQ:BBRY), and Yahoo! (NASDAQ:YHOO).

Twitter adds new CFO
Shares of social media giant Twitter rose more than 4% by late morning after the company announced that it had hired Anthony Noto as its new CFO. Mike Gupta will give up the CFO office to become Twitter's senior vice president of strategic investments. Noto was previously a managing director in Goldman Sachs' technology, media, and telecom investment banking group.

Investors are evidently pleased with the hire -- and perhaps for good reason. Although Twitter had a strong performance in the weeks that followed its IPO last fall, recent months have not been the greatest for shareholders: The stock is down more than 37% year to date, though it has rebounded somewhat lately. A new CFO won't immediately reverse Twitter's problems, which have largely centered around user growth (or lack thereof), but a shift in management could result in some positive changes down the line.

BlackBerry rallies on Passport hopes
Shares of struggling Canadian handset giant BlackBerry gained nearly 2%. BlackBerry shares are up almost 40% in the last month. To some extent, that extended rally may have been the byproduct of short covering: BlackBerry, which has largely been left for dead, has a short interest of roughly 30%. To stem potential losses, BlackBerry shorts may be buying shares in the open market, leading to outsized gains.

But there's also more fundamental hope for BlackBerry. The company's next handset, the BB10-powered Passport, has actually generated some positive buzz. The Passport is an odd-looking phone with a wide body and rectangular design, but it offers users a large screen and physical keyboard. Although the Passport is unlikely to put up sales numbers anywhere near the next iPhone or Galaxy device, it could help BlackBerry stem its ongoing losses. CEO John Chen has said his company intends to be operating near breakeven by the end of the year. 

Yahoo! saves a doomed show
Yahoo! shares rose nearly 1% after the company announced that it would host the sixth season of the television show Community. The series appeared dead after cancellation by NBC, where it had aired for the past five years. Despite a strong cult following, Community may not have been popular enough to sustain its run on network TV. 

But Community will continue -- fans will just have to turn to Yahoo! Screen to see the show. For investors, the company's decision to pick up Community signals a shift in Yahoo!'s business -- past reports indicated that Yahoo! had a strong desire to enter the Internet video business; adopting Community is perhaps the first step forward for a more video-focused Yahoo!.

Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!

Editor's note: A previous version of this article referred to the BlackBerry Passport device as the Passbook. The Motley Fool regrets the error.

Sam Mattera has no position in any stocks mentioned. The Motley Fool recommends Apple, InvenSense, Twitter, and Yahoo. The Motley Fool owns shares of Apple, InvenSense, and Yahoo. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.

Compare Brokers