Morning stock check: SunPower rising, VMware falling

With a jump in value of more than 6 percent, SunPower Corporation (SPWR) came back from the Thanksgiving holiday strongest on early Monday trading. Verisign, Inc. (VRSN) and McAfee, Inc. (MFE) were both up approximately 2.5 percent.

Mirroring the increases, VMware, Inc. (VMW) outpaced all value drops by falling approximately 7.25 percent, with Franklin Resources, Inc. (BEN) and The Charles Schwab Corporation (SCHW) dropped by 2.75 and 2.25 percent respectively.

Continuing their high volume transactions from last week, Apple Inc. (AAPL), Cisco Systems, Inc. (CSCO) and Intel Corporation (INTC) all moved more than 11 million units, with Apple leading the pack with almost 13 million. Yahoo! Inc. (YHOO) was fourth in volume trades, moving 6.48 million.

The largely mythological “Cyber Monday,” phenomenon — when shoppers supposedly hit online stores as hard as they hit malls on “Black Friday,” was behind trading increases for major online shopping hubs Amazon.com (AMZN) and eBay Inc. (EBAY) according to Marketwatch.com. The stock market as a whole benefited from the after-Thanksgiving shopping rush. Joining Amazon.com and eBay.com in trading increases was Overstock.com (OSTK) with trading up nearly 3 percent.

And according to Bloomberg.com, Cisco Systems Inc. fired one of its Brazilian officials for “[failing] to comply with Cisco’s business code of conduct.” The firing followed government raids of Cisco offices in Sao Paulo and Rio de Janeiro, Brazil, after tips of suspected import fraud.

businessBusiness & Real Estate

Just Posted

Cabernet sauvignon grapes sat in a container after being crushed at Smith-Madrone Winery in St. Helena. (Courtesy Smith-Madrone Winery)
San Francisco’s ‘Champagne problems’ — Wine industry suffers supply chain woes

‘Everywhere you turn, things that were easy are no longer easy’

Glasses behind the bar at LUNA in the Mission District on Friday, Oct. 15, 2021. Glassware is just one of the many things restaurants have had trouble keeping in stock as supply chain problems ripple outward. (Kevin N. Hume/The Examiner)
SF restaurants face product shortages and skyrocketing costs

‘The supply chain crisis has impacted us in almost every way imaginable’

A Giants fans hangs his head in disbelief after the Dodgers won the NLDS in a controversial finish to a tight Game 5. (Chris Victorio/Special to The Examiner)
Giants dream season ends at the hands of the Dodgers, 2-1

A masterful game comes down to the bottom of the ninth, and San Francisco came up short

<strong>Workers with Urban Alchemy and the Downtown Streets Team clean at Seventh and Market streets on Oct. 12. <ins>(Kevin N. Hume/The Examiner)</ins> </strong>
<ins></ins>
Why is it so hard to keep San Francisco’s streets clean?

Some blame bureaucracy, others say it’s the residents’ fault

Speaker of the House Nancy Pelosi — seen in Washington, D.C., on Tuesday — touted Congressional Democrats’ infrastructure bill in San Francisco on Thursday. (Stefani Reynolds/The New York Times)
Pelosi touts infrastructure bill as it nears finish line

Climate change, social safety net among major priorities of Democrats’ 10-year funding measure

Most Read