Market Overview

Potential Plays In Light Of Apple/IBM Announcement

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The IBM (NYSE: IBM) and Apple (NASDAQ: AAPL) deal to have IBM sell iPhone and iPads has sent tremors industry wide in Tuesday's after-hours session.

IBM shares are trading up around two percent, while Apple shares are up about 1.63 percent.

Shares of Blackberry (NYSE: BBRY) corrected heavily, trading down nearly four percent.

Amazon's (NASDAQ: AMZN) foray over the past several years into the cloud space could also make this a noteworthy news item for the company.

Traders could also consider Rackspace (NYSE: RAX) in light of the cloud-based agreement between Apple and IBM.

Hewlett-Packard (NYSE: HPQ) may possibly face an uphill struggle, as its competitors have now teamed up for distribution and analytics within the technology space.

Another viewpoint could be the generation of new phone sales, which should benefit the sapphire screen producer GT Advanced Technologies (NASDAQ: GTAT) through increased demand during the iPhone construction phase.

Posted-In: After-Hours Center Trading Ideas

 

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