The market was slightly down today. The Dow Jones Industrial Average
Of course, the most popular stock on the block, Apple
Everything's going well for Apple, but General Motors, Netflix
GM has been trying to get the government to sell its remaining stake in the bailed-out carmaker. The Treasury, loath to take a loss on the shares, doesn't appear ready to sell at these prices. Shares fell 1.4% to $23.80, making the potential exit price that much less palatable.
Netflix shares dropped 5.8% to less than $60 a share as Macquarie research analyst Tim Nollen initiated coverage by rating Netflix an "underperform" (Wall Street-speakfor "sell"). He believes Netflix isn't in a good negotiating position versus the content providers it relies on.
Meanwhile, Groupon was down almost 10% today, as a survey of merchants showed some less-than-impressive results. Groupon's had a rough go of it. Today's price is under $5 a share, a far cry from a 52-week high of $31.14. That may sound tantalizingly cheap, but there's a lot to dislike about Groupon's business.
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Anand Chokkavelu owns shares of Apple and General Motors. The Motley Fool owns shares of Netflix and Apple. Motley Fool newsletter services have recommended buying shares of Netflix, General Motors, and Apple, creating a bull call spread position in Apple, and creating a bear put ladder position in Netflix. 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.