NEW YORK / ACCESSWIRE / June 09, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Apple Inc, Sirius XM Radio Inc, International Business Machines, Federal National Mortgage Assctn Fnni.
Sirius XM Radio Inc (NASDAQ:SIRI)’s shares jumped 1.20% to $3.36. The company on June 3 announced that it will broadcast performances from the sold out 2014 Governors Ball Music Festival in New York City, from Friday, June 6 to Sunday, June 8, across multiple music channels.
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Additionally, the company on June 2 announced "Piolin's Jugada Musical," an exclusive event hosted by SiriusXM's Eddie "Piolin" Sotelo featuring Tejano band Intocable and special guest comedian Gabriel "Fluffy" Iglesias performing live for SiriusXM fans at The House of Blues in Houston, Texas, on Tuesday, June 17, 2014.
Apple Inc. (NASDAQ:AAPL)’s shares dropped 0.27% to $645.57. The company on June 5 its stock split plan back in April, in conjunction with its plans to increase share buybacks and enhance its dividend payment. While buybacks and dividends enhance the company's fundamentals and attract new interest from investors, the stock split Apple announced has no material affect on the actual value of the company's shares; the split simply multiplies the number of outstanding shares by seven and divides the value of each share by the same number, resulting in no net change in value.
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Additionally, the company on June 2 released its iOS 8 SDK, the biggest developer release ever with more than 4,000 new APIs, giving developers the ability to create amazing new apps like never before. iOS 8 allows developers to further customize the user experience with major extensibility features like Notification Center widgets and third-party keyboards; and introduces robust frameworks such as HealthKit and HomeKit. iOS 8 also includes Metal, a new graphics technology that maximizes the performance of the A7 chip and Swift, a powerful new programming language.
International Business Machines Corp. (NYSE:IBM)’s shares jumped 0.21% to $186.37. The company on June 1 announced the opening of a new SoftLayer data center in Hong Kong to meet growing customer demand for its cloud-based IT services. The data center is the first of 15 new data centers that the company will open as part of a $1.2-billion dollar investment to strengthen and extend IBM cloud services in Asia and around the world.
Additionally, the company on May 30 announced it is collaborating with Beijing TransWiseway Information Technology Co. Ltd. to build the largest connected vehicles platform in China that will transform the development of the country's connected car services industry. The cloud-based platform will use advanced analytics for applications that offer real-time, in-vehicle services to mobile devices, such as weather advisories, traffic alerts and alternate route suggestions.
Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA)’s shares gained 0.66% to $4.61. The company on May 30 said its April 2014 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications.
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Additionally, the company on May 16 priced its fifth Multifamily DUS REMIC in 2014 totaling $1.24 billion under its Fannie Mae Guaranteed Multifamily Structures program on May 9, 2014.
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SOURCE: Market Buzz Report