Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Ford Motor Company (F), Google Inc (GOOG), and FedEx Corporation (FDX)

Among today's stocks in the news to watch are AAPL, F, GOOG, and FDX

by 4/24/2013 9:15 AM
Stocks quoted in this article:

The Dow is higher ahead of the open this morning, as bullish investors hope to see a fourth consecutive winning session. Turning to stock news, here are some companies to watch out for today:

  • Apple Inc.'s (NASDAQ:AAPL) fiscal second-quarter profits slightly exceeded analyst expectations yesterday, though the stock is currently lower in pre-market trading today. The tech giant revealed earnings of $10.09 per share against estimates of $10.07 per share. Sales registered at $43.6 billion -- narrowly topping consensus estimates, as well. The company also announced plans to increase its share repurchase plan, and will up its quarterly dividend payment by 15% to $3.05 per share. (Forbes)

  • Earlier this morning, Ford Motor Company (NYSE:F) reported quarterly earnings that handily bested consensus estimates. Spurred on by new car models, the automaker achieved earnings per share of 41 cents, excluding items -- 4 cents above projections. Revenue hit $35.8 billion, exceeding the forecasted $33.8 billion. (CNBC)

  • Google Inc (NASDAQ:GOOG) has snapped up Wavii -- an app that creates personalized news feeds -- for a sum of $30 million. This news comes on the heels of a deal between Yahoo! Inc. (NASDAQ:YHOO) and Summly -- an app that summarizes online content -- as competition intensifies between the two search engine players. (Reuters)

  • Starting in October, FedEx Corporation (NYSE:FDX) will begin a new seven-year, $10.5 billion contract with the U.S. Postal Service, under which it will fly Express Mail and Priority Mail. The Postal Service chose FedEx over United Parcel Service, Inc. (NYSE:UPS) because its contract terms were deemed the "best value." (Bloomberg)

  • After being cleared by the Federal Reserve in its annual "stress test," Wells Fargo & Co (NYSE:WFC) is increasing its quarterly dividend from 25 cents to 30 cents. The increase reflects the confidence the company has in its performance, per CEO John Stumpf, and will be payable on June 1 to shareholders of record on May 10. (CBS News)

  • Telecomm services provider AT&T Inc. (NYSE:T) offered up mixed news in the earnings confessional yesterday, revealing 3.2% growth in year-over-year quarterly profits. Excluding items, the company earned 64 cents per share, in line with expectations. Revenue slipped slightly to $31.36 billion, however, narrowly missing the consensus view. Also, the firm has been lagging well behind sector champion Verizon Communications Inc. (NYSE:VZ) in terms of adding wireless contract customers. (The Wall Street Journal)

  • In partnership with Warner Bros. Pictures, Wal-Mart Stores, Inc. (NYSE:WMT) will provide customers with access to an early screening of the new Superman movie, "Man of Steel," at 2,379 local theaters on June 13. Through this joint venture, Warner Bros. hopes to build anticipation for the upcoming film. Wal-Mart will begin selling tickets the morning of May 18. (Los Angeles Times)

  • In North Carolina, a woman purchased a 1980s video game worth as much as $38,000 at a Goodwill store for only $8. Family Fun Fitness: Stadium Events, released in 1986 for the original Nintendo Entertainment System, was part of a planned series of "Family Fun Fitness" games. Only 2,000 copies were ever published, however, just 200 of which were sold before the title was recalled. (Yahoo! News)


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