stocks

A noted bond investor expects Apple stock to continue its downward slide for a while, saying that the company seems to have lost its ability to innovate.

Jeffrey Gundlach, the CEO and co-founder of investment firm Doubleline Capital, told CNBC today that he expects Apple's stock price, which has declined more than 20 percent since September 19, to slip to as slow as $425. Shares were off 3.38 percent today, falling $22.20 to close at $558.

Gundlach said he has been struck by the "obsession" with Apple's stock. "It seems like every meeting … Read more

Despite shoppers lining up around the world for Apple's freshly launched tablets, Wall Street appears to be unimpressed.

Shares of Apple's stock closed at $576.67, down $19.87, or 3.33 percent, on Friday, continuing a downward trend since late September.

The dip comes amid what appears to be brisk sales of the iPad Mini, though at a noticeably smaller scale than that of other major product launches. Analysts expect the company to sell anywhere from 800,000 to 1.5 million of the devices this weekend, which would be half the number of third-generation iPads Apple … Read more

After Carl Icahn snapped up a 10 percent stake in Netflix, which caused a 15 percent jump in the company's stock shares yesterday, the streaming-video company announced that it's ready to listen to Icahn's business advice.

"We have many shareholders, now including Mr. Icahn, and we're always open to their perspective on how to build on our success," a Netflix representative told CNET in an e-mailed statement.

Icahn's history as an investor is full of high-profile proxy fights and tussles with management. In recent years, he has fashioned himself as an investor activist. … Read more

No one knows how many of Facebook's rank-and-file employees decided to sell some of their pre-IPO holdings today -- the first time they've been allowed to since the company went public back in May at $38 a share.

But plenty of people did sell -- either employees or investors fearful that a rush of new shares on the market would push down the stock. Or, more likely, a combination of both. The stock, which traded nearly twice the volume of a typical day, ended down 3.37 percent at $21.12. (Note, however, that this is far above … Read more

Last updated at 2 p.m. PT

Apple's stock has entered territory it hasn't been in for quite some time.

The stock finished at $595.32, down $8.68, or 1.44 percent today. At one point earlier in the day Apple's shares fell as low as $587.70.

Apple's stock hasn't closed a day below the $600 mark since July. For a brief period on Friday, Apple's shares dropped to $591 before closing the day at $604.

Might today's decline be attributable to Apple's announcement Monday of the departure of two senior executives … Read more

One big question looming over Facebook's stock: How many insiders are going to start dumping their shares?

After more than five months of watching their holdings sink, most employees and early Facebook investors can start cashing in their pre-IPO stock as the so-called lockups expire. Not all at once, however, but the key dates are coming fast and one, in fact, just passed (though the markets were closed because of Sandy). By the end of the year, Facebook's float -- that's the stock that's available to trade in the open market -- will increase by more … Read more

Apple shares, which just a month ago hit a record high of $702, today dipped briefly below $600.

The stock, which opened at $609.43, started falling about an hour later, eventually dropping to a low of $591 shortly after 9 a.m. PT. The shares subsequently rallied and crossed back above the $600 line a little over an hour later.

Apple reported mixed earnings yesterday, beating expectations for revenue but falling short on profits. Sales of iPhones came in slightly above Wall Street estimates, although iPad sales disappointed.

The company also issued muted expectations for the current quarter, saying … Read more

Facebook's beaten down stock soared today, posting its biggest one-day gain since going public and boosting its CEO Mark Zuckerberg net wealth by a cool $2 billion. Shares closed up $19.13 percent to close at $23.23 after Facebook yesterday posted solid quarterly earnings and showed that it's on its way to making big money from mobile.

The rare rally came as Zuckerberg spent much of yesterday's conference call convincing Wall Street analysts that mobile is not a problem but a monstrous opportunity that he is tackling with full force.

It's only a one-day bump, … Read more