Market Updates: Lowe’s (NYSE:LOW), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Walmart (NYSE:WMT)
By:
Jutia Group
Posted on June 06, 2011 at 11:35 AM EDT
Home-improvement retailer Lowe’s (NYSE:LOW) was cut to neutral from overweight by J.P. Morgan on Monday. Analyst Christopher Horvers said near-term weather concerns, softening home prices and stagnant job growth may create same-store sales risk in the near and medium term. -MarketWatch Apple (NASDAQ:AAPL) Chief Executive Officer Steve Jobs, addressing an annual developers conference today, may give consumers a new way to access digital songs and information on smartphones and computers. Jobs will preview software updates for Apple’s iPhone, iPad and Mac, as well the new iCloud online storage service, which may help those devices wirelessly share the same materials. Apple is using iCloud to retain its dominance in the smartphone and tablet markets amid fresh competition from devices powered . . . → Read More: Market Updates: Lowe’s (NYSE:LOW), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Walmart (NYSE:WMT)
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