Apple Dominates $400+ Tablet Market and 4 Hot Stocks Moving Now
General Electric Co. (NYSE:GE): According to presentation slides for its Q3 earnings conference call, GE sees “no change in [its] outlook for 2012.” The company’s guidance for total 2012 revenues is listed as being up nearly three percent, according to the Q3 slides. However, a similar slide in its Q2 presentation slides claims that its view for 2012 total revenues is up about 5 percent. In the Q3 slides, GE wrote that it sees 2012 “Industrial organic ~10%, Capital ~(10)%”. This compares to the Q2 slides, where GE wrote that it sees 2012 “Industrial organic 5-10%, Capital (5)%.”
Schlumberger Limited (NYSE:SLB) exposure to global markets separated it from others, making it the largest oilfield service company globally, and it posted a 10 percent boost in net income during Q3. Similar to its rivals Halliburton and Baker Hughes, Schlumberger’s domestic operations were dragged down by decade-low natural gas prices in North America along with the reduced number of active rigs. In Europe and Africa, net income before taxes saw a 9 percent hike, and it rose 13 percent in Asia and the Middle East. “Our third-quarter results reflected steady international growth,” stated CEO Paal Kibsgaard.
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Baker Hughes Incorporated (NYSE:BHI): CEO Martin Craighead stated: “Looking ahead, we are well positioned in growing and emerging markets. Our share in the Gulf of Mexico – the fastest growing deepwater market in the world – has taken a significant step forward through a series of wins this quarter with several major clients. In the North Sea, we are mobilizing to provide integrated drilling services for a very large contract. In the Middle East, we continue to strengthen our Integrated Operations capabilities, and also have been assigned work in the emerging Saudi Arabian unconventional market.”
Honeywell International Inc. (NYSE:HON) sees its Q4 revenue a $9.4 billion to $9.6 billion, consensus $9.78 billion. The company also sees its Q4 Aerospace sales at 0 to 2 percent, ACS have risen 1 to 3 percent, PMT have risen 4 to 6 percent, Transportation sales 8 to 12 percent. Additionally, Honeywell sees a rise of 1 to 2 percent in its total sales, excluding F/X. This information was taken from slides to be presented on the Q3 earnings conference call.
Apple Inc. (NASDAQ:AAPL) has not faced much tablet competition in the $400 and up market segment, and adding to this, a smaller iPad with a price below $300 will likely only weaken competition. According to analyst Shaw Wu with Sterne Agee, Apple’s so-called “iPad mini” will prove to be “the competition’s worst nightmare.” He also noted that competitors have already been struggling to compete against the $399 iPad 2 and $499 iPad, and with Apple prices dropping even lower price, its share of the tablet market will only be expanded.