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Buzz Stocks: Nokia Corporation (ADR), Facebook Inc (FB), American Express, and Apple Inc. (AAPL)

Today's hot stocks to watch in the news include NOK, FB, AXP, and AAPL

by 2/12/2013 9:12 AM
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With numerous Federal Reserve leaders and the commander in chief (not to mention Apple's CEO) all addressing the public today, U.S. stock futures are treading water ahead of the open. Turning to company-specific news, here are some names to watch:

  • The Coca-Cola Company (NYSE:KO) reported fourth-quarter earnings of 45 cents per share (excluding items), topping Wall Street estimates by two cents. Revenue, however, improved by 3.8% to $11.46 billion, but was shy of the $11.54 billion expected by analysts. (CNBC)

  • Michael Kors Holdings Ltd (NYSE:KORS) is indicated solidly higher ahead of the open, after clobbering analysts' earnings estimates. The luxury apparel company said revenue surged 70% in the fiscal third quarter to $636.8 million, topping estimates of $540.3 million. For the full year, KORS expects to earn between $1.80 and $1.82 per share, ahead of analysts' per-share outlook of $1.57. (Reuters)

  • Devotees of Apple Inc. (NASDAQ:AAPL) are looking forward to 10:15 a.m. Eastern, when CEO Tim Cook will present at the Goldman Sachs technology conference. Later today, Cook will be First Lady Michelle Obama's invited guest to watch the President's State of the Union address. (Fortune)

  • Although the "like" button is nearly as old as Facebook Inc (NASDAQ:FB) itself, the social networking giant is being accused of patent infringement for this feature. The widow of a Dutch programmer contests that her late husband held a patent for a similar button that easily predates Facebook. FB has not commented on the suit or the allegations. (BBC News)

  • Thanks to its new partnership with American Express Company (NYSE:AXP), Twitter is stepping into e-commerce. Simply by tweeting the appropriate hashtag, AXP customers will be able to buy products online (and have them charged to their card and shipped to their home). The first (and currently only) product offered through the service is a $25 American Express gift card, which customers can purchase for $15. Other items will be available starting tomorrow. (CNNMoney)

  • Nokia Corporation (ADR) (NYSE:NOK) is disputing the accusation that it owes $2.4 billion in back taxes in India and does "not see merit in any of the claims." The Finnish telecomm company said income-tax authorities violated local and international laws when investigating a manufacturing plant in Chennai last month. (Bloomberg)

  • Barclays PLC (ADR) (NYSE:BCS) posted a $1.3 billion loss in the final quarter of 2012, due in part to risky trading activity. In response, the bank is downsizing its investment banking workforce by 8%, or 1,800 jobs. BCS will also eliminate 1,900 jobs in its European retail and business banking division, amounting to an overall workforce reduction of about 3%. (The New York Times)

  • Finally, FB founder Mark Zuckerberg and his pediatrician wife Priscilla Chan collectively nabbed the second slot on the list of 2012's top 50 "most generous" donors. The couple pledged $500 million (in the form of 18 million FB shares) to the Silicon Valley Community Foundation. Taking the top position was Warren Buffett, who donated $3.1 billion to each of his three children's foundations. (Mashable)

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