MicroStockProfit

Shares of Duke Energy Corporation (NYSE: DUK) reached a high of $17.01 today. At last check, it was up 0.65% to $16.98, with volume at 1.25 million in morning trading today.

The stock has a 52-week range of $14.62-$17.94. It is currently trading above its 50-day and 200-day moving averages of $16.34 and $16.14, respectively. The stock has seen support at $16.76 and has met with resistance at $17.05.

Duke has a consensus recommendation of Hold. Currently, the stock has 1 Buy, 1 Outperform, 16 Hold and 4 Underperform ratings. Read the rest of this entry »

Apple (NASDAQ:AAPL) is receiving much flak for the malfunctioning of its latest release iPhone 4. The phone has received negative reviews for its antenna problem. The problem had been so widespread that it is speculated that the company might recall the faulty phones. Some news sources had claimed that Apple engineers had warned the company about the antenna design defect, but the company chose to ignore that. Apple has denied that the company was warned by its engineers about the potential flaw. The negative reports about iPhone 4 have led the stock to tumble 4% this week.

The company has now released an update patch for its iOS. However, the customers are facing problems installing the patch. Others have complained about firmware problems, which is causing “error 9.” The update was meant to fix Wi-Fi and signal problems. This update has also added Microsoft (NASDAQ: MSFT) search engine Bing to iPhone. Read the rest of this entry »

JP Morgan Chase & Co. (NYSE: JPM), the financial services giant, today reported its second-quarter financial results. The bank reported second-quarter net income $4.8 billion, compared with $2.7 billion in the second-quarter of 2009. The company reported second-quarter EPS of $1.09, compared with $0.28 reported for the second-quarter of 2009.

JP Morgan’s investment banking division reported net income of $1.4 billion, down 6% from the same period last year. The department reported net revenue of $6.3 billion, compared with $7.3 billion reported for the last year. The company has reported a decrease of 37% in investment banking fees for the second quarter. Equity underwriting fees stood at $354 million, debt underwriting fees stood at $696 million and advisory fees of $355 million. Read the rest of this entry »

Shares of mortgage giant Fannie Mae (OTC: FNMA) are down in today’s trading. The stock touched a low of $0.28, after opening at $0.31 today. At last check, it was down 4.41% to $0.301, with volume at 13.85 million.

The penny stock of Fannie was delisted from the New York Stock Exchange, last week. The mortgage company was asked to delist its shares after the stock fell below the minimum requirement of the exchange. The Federal Housing Agency had announced last month that Fannie’s shares had traded below the $1 average price level for 30 trading days and so the penny stock had to be delisted from the exchange. Read the rest of this entry »

Shares of ADVENTRX Pharmaceuticals Inc. (AMEX: ANX) surged about 10% during initial trading hours on Monday. The penny stock opened up at $1.64, similar to previous close, and started moving steadily upwards till it reached $1.8 level.

Though there was no specific news available in public domain, the difference between the penny stock’s current market price and the target price as estimated by many Wall Street analyst is said to be the main reason behind such sharp movement. Read the rest of this entry »