On Tuesday morning, investors are giving a thumbs up to Apple's stock split and Gogo's in-flight Internet service. But they're skittish about RadioShack, which reported earnings Monday. Here are five tech stocks to watch today:
Apple. The company's 7-for-1 stock split, announced Friday, went over well as shares closed 1.6% Monday from their initial offering of $92. Shares rose slightly in pre-market trading today. Investors seems to like that having seven times as many shares available at a lower price (stock closed at $646 on Friday) will draw more institutional buyers.
RadioShack. The struggling retailer's stock fell at least 12% in pre-market trading this morning after it reported Monday that its first-quarter loss widened and its revenue slumped. Long seen as a place to buy batteries and obscure electronic parts, the Fort Worth-based company is trying to recast itself as a customer-friendly specialist in wireless devices and accessories. On Monday, it announced a nationwide Fix It Here program for phones and tablets with cracked screens, broken buttons, faulty cameras, water damage, audio issues and other maladies, that it hopes will lure customers into the stores.
Gogo. The shares of this in-flight Internet service provider got a nearly 5% boost Tuesday in pre-market trading. The company, which offers wireless service to half of U.S. commercial jets and many private business planes, announced Friday that it was named 19th on Crain's Chicago Business 2014's Fast Fifty list of the fastest growing companies in Chicago.
Sprint. Investors are bullish this morning on the telecom's prospects as pre-market trading shares ticked upward 2%. Last week, Bloomberg and other media reported that Softbank-owned Sprint had inched closet to a blockbuster purchase of T-Mobile, which would unite the third- and fourth-largest U.S. wireless carriers.
Facebook. The social media giant made several moves Monday that might affect how investors view its stock today. It announced it had hired former entrepreneur David Marcus, the president of eBay's PayPal division, to lead the expansion of its messaging products and eventually devise a way to earn revenue from them. It also tipped off one area of messaging that it's pursuing when it accidentally published the iPhone version of a new app called Slingshot. This app aims to take on Snapchat, the popular service that allows users to send disappearing messages and photos.