Splunk (SPLK) stock rose Friday as analysts praised an acquisition announced by the data analytics software maker late Thursday. Splunk stock was up more than 3.5%, near 72, in midday trading in the stock market today and within buy range from a 69.75 buy point out of a cup-with-handle base, touched on May 8. Shares have risen above the key 10-week moving average line. After the close Thursday, the company announced that it had acquired Caspida
Worldwide personal computer shipments fell 11.8% year over year to 66.1 million units in the second quarter. But Apple (AAPL) defied the overall market trend and saw its Mac shipments rise 16.1% to 5.14 million units, research firm IDC said late Thursday. Apple was the only top 5 PC vendor to show an increase in shipments last quarter, IDC said. It ranked No. 4 behind Lenovo, Hewlett-Packard (HPQ) and Dell. Though they all experienced year-over-year declines in PC shipments in Q2, Lenovo, HP and Dell gained market share because their declines were less than the overall market. China-based Lenovo was tops with 20.3% market share in Q2, up from 19.4% a year earlier, IDC said. Its shipments dropped 7.5% year over year. Palo Alto, Calif.-based HP was No. 2 with an 18.5% market share, up from 18.2%. Its PC shipments fell 10.4%. Round Rock, Texas-based Dell was No. 3 with…
Investors have slurped up shares of beverage stocks in recent weeks, pushing them up into the upper echelon of IBD’s industry group rankings. The 17-stock soft drinks industry group has risen 25% this year, while the S&P 500 remains little changed. The group has risen steadily over the past six weeks, from No. 82 to No. 17 out of 197 as of Thursday’s IBD. Monster Beverage (MNST) and Coca-Cola Bottling Co. Consolidated (COKE) lead the group with