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Elon Musk Fires Back, Apple Ripe for the Picking

Jennifer Carinci
Hot Stock Minute
Elon Musk Fires Back, Apple Ripe for the Picking

Blackberry (BBRY) shares are up 4% as the company works the room. The former smartphone titan is now in talks with Cisco (CSCO), Google (GOOG), and SAP (SAP) about selling all or parts of the company, according to a Reuters report. Blackberry shares are down nearly 30% over the last one-month, despite reaching a preliminary agreement with Fairfax Financial several weeks ago, allowing the firm to take the company private in a $4.7 billion deal. However that bid is facing skepticism over their ability to finance the deal.

Tesla (TSLA) shares are up 1% after a wild ride for the stock which lost five-percent last week. This thanks to video of a "Model S" sedan up in flames after hitting a large metal object. The tape shows a fireball by the side of a road in Washington State. Now CEO Elon Musk is sounding off about the safety of his electric car, releasing a long statement last Friday afternoon. He states: "Had a conventional gasoline car encountered the same object on the highway, the result could have been far worse...there should be absolutely zero doubt that it is safer to power a car with a battery than a large tank of highly flammable liquid."

Outerwall (OUTR) is up 9%, adding to Friday's late-day gains after Jana Partners disclosed a 13.5% stake in the company formerly known as "Coinstar." After shifting away from coin-counting machines, the company now operates a network of DVD rental kiosks such as the popular Redbox, often seen in shopping malls and grocery stores. Jana, an activist investment firm, says they're seeking strategic changes and a possible sale of the company.

Finally one analyst says Apple (AAPL) is finally ripe for the picking. Shares are up 1% after Jefferies analyst Peter Misek upgraded the stock to "buy" from "hold" and raised the price target to $600. He says a trip to Asia last week where he met with suppliers indicated a "substantial shift in attitudes towards Apple."