EdgeWater 10/19/2010 10:25:32 PM
News / Business

US Stocks to Watch (ZION, VMW, MSFT, IBM)

US Stocks to Watch

Zions Bancorporation (NASDAQ:ZION) is trading at $22.08 and increased 3.42% from the previous day’s close. The company said its third-quarter loss narrowed to $80.5 million or 47 cents a share, from $135.2 million, or 84 cents a share, in the year-earlier period.

Over the past 52-week, the stock had traded within the range of $12.50-$30.29. At current market price, the market capitalization of the company is $3.83 billion.

VMware, Inc. (NYSE:VMW) decreased 7.84% to $72.21 after the company reported a third-quarter profit of $84.6 million, or 20 cents a share, compared with a profit of $38.2 million, or 9 cents a share, for the year-earlier period. Revenue was $714.2 million, up from $489.8 million. On an adjusted basis, the tech company would have earned 39 cents a share.

The stock went up more than 67% year-to-date.

Shares of Microsoft Corporation (NASDAQ:MSFT) fell 2.59% to $25.15. The chief software architect Ray Ozzie is stepping down but will remain with the company “as he transitions the teams and ongoing strategic projects within his organization.” The role of chief software architect will not be refilled.

The stock opened at $25.28 and is trading within the range of $25.14-$25.95. The average daily volume of the stock is 59.95 million shares.

International Business Machines Corp. (NYSE:IBM) went down 3.86% to $137.32. The company said its third-quarter net income jumped to $3.6 billion, or $2.82 a share, from $3.2 billion, or $2.40 a share in the same period last year. Revenue rose 3% to $24.3 billion.

The stock made its fresh 52-week high of $143.03.

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