Apple Shares Slump and 4 Hot Stocks Making Waves

Bank of America (NYSE:BAC): Current Price: $11.47

The company has intentions to lend additional money to Middle East businesses, Reuters reports. Gulf investors continue to become more and more eager to make acquisitions, and the bank predicts that investment banking activity in the region will accelerate during the year, the news service stated.

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Apple Inc. (NASDAQ:AAPL): Current Price: $505.99

On Monday, stocks opened mixed, after logging their second-straight weekly gain, amid worries regarding global demand for Apple’s iPhone 5 and ahead of a busy week of corporate earnings. Apple saw a steep drop amid news that the company cut orders for parts on its troubled iPhone 5 as a result of weak demand. Shares traded at about $500, which is a level that the company hasn’t traded below since last February.

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Facebook, Inc. (NASDAQ:FB): Current Price: $31.20

The company will host a media event at its Silicon Valley headquarters on Tuesday, although analysts are clueless about what the company is planning and the stock has rallied to a six-month high.

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AT&T, Inc. (NYSE:T): Current Price: $34.13

AT&T Mobility announced that it is now carrying the Lenovo IdeaTab A2107 Android tablet to its product portfolio. The IdeaTab A2107 is to be a more budget 7-inch tablet with a resolution of 1024 X 600–not quite the 1280 X 800 resolution display on the Nexus 7. The device is to possess 1 GB RAM, a 1 GB processor, and 2-megapixel rear camera.

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Nokia Corporation (NYSE:NOK): Current Price: $4.62

Nokia’s stronger-than-expected quarterly results indicate that the mobile phone maker has gained breathing space and better options assisting it in clawing back to a place alongside Samsung and Apple in the smartphone market. The company’s fall from market leader to loss leader was so bad its chief executive said two years ago it was on a “burning platform,” and it is possible that the company is even be in a position to list or sell its Nokia Siemens Networks (NSN) arm at a premium, instead of having to auction assets cheaply as feared.

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Don’t Miss: Here’s What Apple Needs to Fix Its Stock.