Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Lululemon Athletica, Dell Inc., and DISH Network

Today's stocks to watch in the news include AAPL, LULU, DELL, and DISH

by 7/5/2013 8:58 AM
Stocks quoted in this article:

U.S. stock futures were sharply higher this morning ahead of the critical nonfarm payrolls report for June. The reading was released at 8:30 a.m. ET, revealing better-than-expected jobs growth but a flat unemployment rate. Turning to stock news, here are some companies to watch in today's trading:

  • Without providing specific details, Apple Inc. (NASDAQ:AAPL) has hired Yves Saint Laurent CEO Paul Deneve to execute special projects. The computer name may be hoping Deneve can inject some style and spice into its projects. After all, Yves Saint Laurent is famous for selling expensive, fashion-forward merchandise, such as leather jeans and dresses. (USA Today)

  • Investors are suing Lululemon Athletica inc. (NASDAQ:LULU) over the see-through pants debacle in March, which caused the stock price to drop more than 17% following the company's first-quarter earnings report in mid-June. The lawsuit claims the yoga retailer made "false and misleading statements" that concealed the costs associated with the defective products, for the sake of increasing profit margins. (CNNMoney)

  • It looks like Michael Dell's attempt to take Dell Inc. (NASDAQ:DELL) private may fall through. Advisory firm Institutional Shareholder Services is allegedly opposed to the buyout at the current $13.65-per-share price, which could influence investors to demand more. It's unclear if Silver Lake Management LLC -- Dell's partner in the takeover attempt -- would continue pursuing the deal if additional resources are required. (Bloomberg)

  • Southwest Airlines Co. (NYSE:LUV) and DISH Network Corp (NASDAQ:DISH) have teamed up to provide passengers with an in-flight service called "TV Flies Free," which allows access to live and on-demand TV at no cost. The service will be offered on more than 400 planes, and will work with certain iOS devices and other phones, tablets, and laptops. (Wired)

  • On Wednesday, Nokia Corporation (ADR) (NYSE:NOK) introduced two 3G-capable feature phones -- dubbed the 207 and 208. The phones are designed to provide quick Internet access to people who prefer basic handsets over smartphones. (Mashable)

  • Finally, "Despicable Me 2" -- produced by Comcast Corporation's (NASDAQ:CMCSA) Universal Pictures -- was the number-one selling film in U.S. and Canadian theaters at its July 3 opening. The movie took in $34.3 million in ticket sales, and is the fourth Universal movie to have a number-one opening this year. (BloombergBusinessweek)


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