Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Apple, Glu Mobile, and eBay are Outperforming the Market

The Dow Jones Industrial Average (DJINDICES: ^DJI  ) was down 20 points as of 11:30 a.m. EDT. A few stocks were outperforming the broader market,with Apple (NASDAQ: AAPL  ) , Glu Mobile (NASDAQ: GLUU  ) , and eBay (NASDAQ: EBAY  ) experiencing notable moves to the upside.

Apple rises on price target boost
Shares of Apple rose 0.5% after Canaccord Genuity raised its price target on the iPhone maker from $102 to $112. Canaccord is particularly positive on Apple's upcoming iPhone 6, which the firm believes will achieve record sales. At the same time, if Apple offers a larger-screen variant, it could charge a margin-boosting premium.

Canaccord joins a long list of analysts with high expectations for Apple's upcoming iPhone. The anticipated larger-screen version could entice many longtime customers to upgrade, which would benefit shareholders, at least in the near term.

Also on Friday, analyst Ming-Chi Kuo reported that Apple's forthcoming iWatch won't go into production until November. If that's the case, the device may not go on sale this year, which would run contrary to what many observers anticipate. Kuo's report remains unverified, but he has a fairly good track record of predicting Apple's forthcoming products.

Source: Wikimedia Commons.

Glu Mobile's Kardashian continues to dominate
Glu Mobile stock rose nearly 8% on Friday, continuing a monthlong run in which shares of the mobile-game maker have rallied more than 60%. Much of that rally has been based on Glu Mobile's Kim Kardashian: Hollywood, a free-to-play mobile game that has dominated the app charts since it was released late last month.

In an interview with Bloomberg, Glu Mobile's CEO said the game could be the company's biggest game of the year. Although it's only been out for a few weeks, the game could generate hundreds of millions of dollars should its popularity persist. Cowen estimates that the game could bring in $200 million on an annual basis -- this is significant, given that Glu Mobile's first-quarter revenue was less than $50 million.

eBay rises on report of better sales
Shares of e-commerce giant eBay rose more than 2% on Friday after a report indicated that company sales could be trending up. According to ChannelAdvisor, eBay's same-store sales rose 12.3% in June on an annual basis, up from 11.5% in May.

Investors will get a better look at eBay's financials in a matter of days. The company is expected to deliver its quarterly results next Wednesday after the market closes. Analysts expect the company to deliver earnings per share of about $0.68 on revenue of roughly $4.38 billion.

eBay has been a notable stock in recent months, with activist investor Carl Icahn pushing for a spinoff of the PayPal business. Icahn dropped his proposal back in April, but investors may be losing patience with eBay's management.

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!

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3025864, ~/Articles/ArticleHandler.aspx, 8/31/2015 6:13:49 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Sam Mattera

Sam has a love of all things finance. He writes about tech stocks and consumer goods.

Today's Market

updated Moments ago Sponsored by:
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASD 4,776.51 -51.82 -1.07%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/31/2015 4:57 PM
^DJI $16528.03 Down -114.98 -0.69%
AAPL $112.76 Down -0.53 -0.47%
Apple CAPS Rating: ****
EBAY $27.11 Down -0.14 -0.51%
eBay CAPS Rating: ****
GLUU $4.59 Up +0.06 +1.32%
Glu Mobile, Inc. CAPS Rating: ***