Apple Faces Increasing Competition in China and 4 Hot Stocks to Follow
Procter & Gamble Co. (NYSE:PG): Current price $73.01
Procter & Gamble Co. raised their all-in generally accepted accounting principals earnings per share guidance to a range of $4.04-$4.14. The company is increasing their organic sales growth guidance from a previous range of 2%-4%, to a range of 3%-4%, for the fiscal year. Foreign exchange is expected to reduce sales growth by 2%, resulting in guidance for all-in net sales growth up 1%-2% versus the prior year.
Halliburton Company (NYSE:HAL): Current price $39.69
The company said that they are beginning to see signs of North American activity improvements in the first quarter as compared to December, but could take longer for activity levels to fully rebound to 2012 or third quarter 2012 levels given the pronounced seasonal decline seen during the fourth quarter. For the remainder of 2013, Halliburton Company expects activity levels to gradually increase but anticipates continued pricing pressure as stimulation contracts are renewed. Improvement in pricing will require meaningful decrease in excess capacity. Halliburton stated that N.A. industry will add “hardly any capacity this year” and over time should see a drop in excess horsepower, due to normal attrition.
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Apple Inc. (NASDAQ:AAPL): Current price $445.91
According to the Wall Street Journal, Samsung Electronics (SSNLF) and Apple Inc. attempt to defend their dominance in the smartphone market and the latest data shows that China’s Huawei Technologies Co. ranked third in terms of market share for the first time, an indication that a rapid increase of smartphone users in China, and other emerging markets may be starting to alter the global landscape.
Facebook, Inc. (NASDAQ:FB): Current price $31.22
Vandex confirmed to TechCrunch that Facebook, Inc. blocked all API calls from Yandex’s (NASDAQ:YNDX) social search app “Wonder,” within hours of their United States launch. Facebook said they are discussing their policies with Yandex.
AT&T, Inc. (NYSE:T): Current price $33.92
On January 25, AT&T, Inc. announced that they have agreed to acquire spectrum in the 700 MHz B band from Verizon Wireless (NYSE:VZ) (NASDAQ:VOD) for $1.9 billion in cash and a contribution of Advanced Wireless Services spectrum licenses in five markets.The 700 MHz licenses to be acquired by AT&T cover 42 million people in 18 states: California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming. The transaction is subject to regulatory approval. The company announced in November 2012 that they plan to reach 300 million people in the United States with their 4G LTE network by the end of 2014. AT&T anticipates closing the transaction in the second half of 2013.