Apple’s iPhone Production Is on Track, GameStop’s Set to Bank on New Consoles, and 3 More Hot Stocks

Apple Inc. (NASDAQ:AAPL): Apple is reportedly on track to produce 5.2 million iPhone 5S units this quarter, along with 8.4 million iPhone 5C units, AppleInsider is reporting. Notably, analyst Ming-Chi Kuo (noted for his accurate track record of predictions) says that the 5C, despite being a cheaper alternative, will not topple the 5S as the sales leader as the iPad Mini has outsold the full-size iPad. Kuo believes the “iPhone 5C” will replace the iPhone 5 while the iPhone 4S will live on as Apple’s new low-end option.

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GameStop (NYSE:GME): Sterne Agee has lifted its price target for GameStop as upcoming opportunities with the Xbox One and Playstation 4 continue to play to GameStop’s favor. GameStop has cemented its partnership with vendors thanks to the strength of its distribution network, analyst Arvind Bhatia said. It’s also been able to capitalize on the growing popularity of mobile games played on cell phones and other devices, Bhatia added, and its used games business has improved.

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Cobalt International Energy, Inc. (NYSE:CIE): Cobalt shares are cratering over 12 percent after the company was unable to locate commercial oil or gas at its Ardennes-1 well in the Gulf of Mexico, once the company hit its objective total depth of around 36,000 feet. Cobalt has a 42 percent interest in Ardennes-1.

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Petroleo Brasileiro S.A. (NYSE:PBR): PetroBras has made about $2.1 billion from the divestment of holdings in a number of petrochemical and oil-exploration projects, including the sale of a 35 percent stake in a Santos Basin program to China’s Sinochem for $1.54 billion. The firm has been offloading assets to help fund a $237 billion, five-year investment program.

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HSBC Holdings (NYSE:HBC): Financial Times is stating that HSBC and StanChart are facing increasing risks in decelerating Asian economies as the two banks contend with their exposure to Asia, which is becoming a greater issue due to tighter credit conditions and an acceleration in sour debt. ”It is the very beginning of the downcycle in emerging markets for HSBC and StanChart, and the opposite for the rest of the UK banks,” an analyst at Bernstein tells the paper.

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