Apple Inc and These Stocks Win Investor Smiles at 52-Week Highs as S&P Hits Hits 1,371

Apple Inc. (NASDAQ:AAPL): Apple is developing an enhanced a5 chip and new A6 chip, reports 9to5Mac.com. Citing a purported photo of an iPad 3 logic board and a Apple iOS device processor-naming scheme, the company is developing both next-generation chips. The shares closed at $525.76, up $3.35 or 0.64% on the day. They have traded in a 52-week range of $310.50 to $526.29.

Autozone (NYSE:AZO): The company is set to release earnings tomorrow, Feb. 28th. The average estimate of analysts is for net income of $4.04 per share, a rise of 21% from the company’s actual earnings for the same quarter a year ago. The shares closed at $366.09, up $6.29 or 1.75% on the day. They have traded in a 52-week range of $255.45 to $361.98.

Bt Group Plc (NYSE:BT): In a move to bolster its broadband unit, BT (NYSE:BT) is planning to launch an online music service, Dow Jones reports, citing the Sunday Times. Unnamed sources say a download store similar to Apple’s (NASDAQ:AAPL) iTunes is also under consideration. The shares closed at $34.42, up $0.15 or 0.44% on the day. They have traded in a 52-week range of $25.00 to $34.47.

Charter Communication (NASDAQ:CHTR): Reported Q4 revenue $1.83B versus consensus $1.83B. The shares closed at $63.57, up $0.14 or 0.22% on the day. They have traded in a 52-week range of $41.33 to $63.85.

Cheniere Energy Partners (AMEX:CQP): Cheniere Energy Partners announced that it has entered into an exclusive arrangement with Blackstone Energy Partners, Blackstone Capital Partners, and certain affiliates to finalize and execute definitive agreements under which Blackstone would purchase newly issued CQP Senior Subordinated Paid-in-Kind Units for $2B.  CQP would use the proceeds of the financing to fund the equity portion of the costs of developing, constructing and placing into service its Sabine Pass liquefaction project being developed at the Sabine Pass LNG terminal, the purchase of the Creole Trail pipeline from Cheniere Energy and other partnership business purposes. The cost for the construction of the first two trains is currently estimated to be $4.5B-$5B, before financing costs.  The debt financing for the Liquefaction Project is expected to be completed by the end of the first quarter. Construction is expected to commence in the first half of 2012.  The purchase of the Creole Trail pipeline is expected to close concurrently with the closing of the financing. The shares closed at $23.70, up $2.8 or 13.4% on the day. They have traded in a 52-week range of $11.52 to $23.48.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com