5 Hot Stocks: Apple Faces Delays, XFinity Signs Outdoor, Delta Deals With Cuts
Apple Inc. (NASDAQ:AAPL): Citi analyst Glen Yeung cited a Jefferies note from last week, and echoed that the iPhone 5S will likely be pushed back as a result of production delays. He also contended that iPad Mini demand is flattening out, consistant with a Digitimes report from last week as well. On a positive note, Yeung acknowledged that the company will be applying its Retina screen to the Macbook Air, which would joining the 13 inch and 15 inch Macbooks with the higher-resolution technology.
Outdoor Channel Holdings (NASDAQ:OUTD): The Outdoor Channel has entered into a multi-year agreement with Comcast (NASDAQ:CMCSA), which will make the channel’s line of programing available on Comcast’s XFINITY TV on-demand, on several different platforms. The move reflects rapidly growing increases in on-demand viewing, and sets the Outdoor Channel up to take advantage of binge-viewing users, as more and more people lean toward on-demand programming over traditional broadcasting.
Halliburton (NYSE:HAL): The contractor has posted strong quarterly results, with net earnings beating estimates by $0.10 and landing at $0.67 per share. Revenue of $6.97 billion beat projections by $80 million, and set a company first quarter record. Results were not even across the board, as they rarely are with multinationals: “The rig count decline and pricing headwinds in North America were more than offset by our expanding international business,” said chairman and CEO Dave Lesar. “We believe that modest rig count improvements, coupled with a continued drive towards efficiency, will bode very well for us in the coming years,” Lesar added.
Delta Airlines (NYSE:DAL): The federal budget cuts have taken (or will be taking) a toll on numerous facets of our day-to-day lives, and airlines are no exception. Delta Airlines and Alaska Airlines (NYSE:ALK) are feeling the pinch, and have issued a warning of delays caused by the cuts and resulting employee furloughs, with some of the locations hardest hit being the busiest for the two carriers. Airports in San Diego, Los Angeles and San Francisco are more exposed for Alaska, while New York’s JFK and LaGuardia, Chicago’s O’Hare and Newark are all vulnerable spots for Delta.
Don’t Miss: Here’s How Apple is Changing the VW Beetle.