Schaeffer's Trading Floor Blog

Buzz Stocks: Apple Inc. (AAPL), Netflix, Nokia, and Delta Air Lines

Among today's stocks in the news to watch are AAPL, NFLX, NOK, and DAL

by 1/24/2013 9:16 AM
Stocks quoted in this article:

Despite a disappointing turn for Apple Inc. (NASDAQ:AAPL) on the earnings front, blue chips remain resilient, and the Dow is pointed slightly higher ahead of the open. Meanwhile, here is the latest news from AAPL and other companies to start your trading day:

  • AAPL is the focal point of the day, as the shares are poised to drop close to 10% this morning and possibly drag the entire tech sector down with them. Last night, the iPad maker reported first-quarter net income of $13.81 per share, down 6 cents from the previous year. Revenue rose 18% to $54.51 billion. Results were mixed in terms of analysts' estimates, which had called for per-share earnings of $13.47 on $54.73 billion in revenue. (CNBC)

  • On the flip side, Netflix, Inc. (NASDAQ:NFLX) is set to begin the day more than 30% higher after a positive earnings surprise. The streaming video pioneer said it earned 13 cents per share in the fourth quarter, nearly a mirror image of the 12-cent loss analysts were expecting. Revenue rose 7.8% to $945 million, and the customer base grew by more than 2 million subscribers during the reporting period. (CNET)

  • Nokia Corporation (ADR) (NYSE:NOK) is modestly lower in pre-market activity following its own turn under the earnings spotlight. In the fourth quarter, the Finnish telecomm company earned 202 million euros, a vast improvement from the year-ago loss of 1.07 billion euros. Total sales, however, came in below year-earlier results and south of expectations. Also, NOK said it would halt its dividend payments for the first time in more than two decades. (The Wall Street Journal)

  • The Dreamliner saga may not be hurting business prospects for The Boeing Company (NYSE:BA). In fact, Delta Air Lines, Inc (NYSE:DAL) is reportedly negotiating with both BA and Airbus to purchase $1 billion in new jets. The carrier is hoping to acquire current models at a reasonable discount, ultimately adding 24 to 30 planes to its fleet. (Reuters)

  • Anheuser-Busch InBev NV (ADR) (NYSE:BUD) has scored a victory in a European Union high court and will be able to use the trademarked nickname "Bud" across Europe. BUD and Czech brewer Budejovicky Budvar have been consistently feuding over rights to the "Budweiser" name. The 118-year-old Czech company maintains that only beer brewed in its particular region can be stamped as "Budweiser." (St. Louis Post-Dispatch)

  • Struggling electronics retailer Best Buy Co., Inc. (NYSE:BBY) is aiming to reach a new demographic on Super Bowl Sunday by casting comic actress Amy Poehler in a 30-second commercial. BBY officials hope the SNL vet and current Parks and Recreation star will be a winning face behind a campaign that demonstrates how technology can be "simple." (Los Angeles Times)

  • Finally, golfer Phil Mickelson -- who has four major championships under his proverbial belt -- has come under scrutiny following remarks that he may move out of California because of the high tax rates. In fact, according to tax experts in the Golden State, Mickelson's tax rate is around 51%, including the top federal tax rate of 39.6% and the highest possible state tax rate of 12.3%. On average, millionaires like Mickelson pay about 26% of their income toward federal taxes. (CNNMoney)


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