Schaeffer's Trading Floor Blog

Buzz Stocks: Microsoft, Home Depot, Verizon, and Apple Inc. (AAPL)

Among today's stocks in the news to watch: MSFT, AAPL, HD, and VZ

by 11/13/2012 8:52 AM
Stocks quoted in this article:

Stocks look ready to move lower out of the gate once again, as news from overseas has joined forces with domestic uncertainty to stir up selling pressure. Meanwhile, earnings are hitting the tape from the retail sector, and one Dow component announced a major management shake-up. Here are some stocks to watch in the news today:

  • Earnings news: The Home Depot, Inc. (NYSE:HD) reported third-quarter earnings of 74 cents per share, topping analysts' estimates of 70 cents. Revenue also edged above the consensus view, coming in at $18.1 billion versus $17.9 billion (CNBC); Michael Kors Holdings Ltd (NYSE:KORS) said second-quarter earnings doubled to 49 cents per share on a 74% surge in revenue. The apparel name boosted its full-year earnings estimate by nine cents to between $1.48 to $1.50 per share and lifted its revenue guidance by $10 million. (MarketWatch)

  • Microsoft Corporation (NASDAQ:MSFT) announced the departure of Steven Sinofsky, head of the software giant's Windows division. Sinofsky -- a 23-year veteran with the company -- was widely assumed to be a favorite for the CEO position in the event of Steve Ballmer's retirement. In other MSFT news, the Halo 4 title launched with opening-day sales of more than $220 million. The game is only compatible with the Xbox 360 device. (CNN , Los Angeles Times)

  • Yahoo! Inc. (NASDAQ:YHOO) is reportedly planning an ambitious overhaul of its Yahoo Mail service, in an effort to compete with Google Inc's (NASDAQ:GOOG) Gmail. The new version is set to be introduced in early December, shortly after the Yahoo homepage rolls out a fresh look and feel. (All Things D)

  • Shareholders of Verizon Communications Inc. (NYSE:VZ) and Vodafone Group Plc (ADR) (NASDAQ:VOD) -- which together own Verizon Wireless -- will share in an $8.5 billon dividend payout by the end of 2012. This follows a $10 billion distribution in 2011. (The Wall Street Journal)

  • New research indicates that Apple Inc. (NASDAQ:AAPL) stores are the most productive of all retailing names, in terms of total sales per square foot of retail space. Apple banked sales per square foot of $6,050 in the most recently recorded period, easily topping second-place name Tiffany & Co. (NYSE:TIF), at $3,017, and Lululemon Athletica inc. (NASDAQ:LULU), which ranks third at $1,936. (CNBC)

  • Visa Inc (NYSE:V) is bringing its digital wallet offering, V.me, out of beta, with 50 financial institutions and 23 merchants on board. The service is being introduced to compete with Square, PayPal, and others. (TechCrunch)

  • Finally, Delta Air Lines, Inc. (NYSE:DAL) has banished customer Lynn Harrell from its SkyMiles frequent flyer program for buying a second seat for his cello. While this seems perfectly considerate to other passengers (and means an extra seat sold for the airline), Delta didn't like that professional musician Harrell had racked up 11 years' worth of frequent flyer miles for the instrument. (The Consumerist)

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.