Apple’s Still on Track for Repurchases, UPS Plane Crashes in Alabama, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): “There doesn’t appear to be much to agitate for,” said UBS’s Steve Milunovich regarding Carl Icahn’s newly revealed position in the iPhone maker. He pointed out that the company is already on track to repurchase about 5 percent of its float and that the dividend yields 2.5 percent. Milunovich is instead focused on Apple’s new slate of products, with the iPhone 5S and 5C expected to be introduced in September.
United Parcel Service (NYSE:UPS): A UPS cargo jet has reportedly crashed outside of Birmingham, Alabama, killing at least two people. Local media are indicating that there have been three explosions and debris covering half a mile. While UPS is working to sort out the details, it’s believed that the plane broke into two pieces.
Las Vegas Sands (NYSE:LVS): Las Vegas Sands’s China division is reporting it saw 5.6 million visitors in July, as hotel occupancy rates and event attendance both increased. The extra traffic helped a surge of 34 percent from last year’s numbers.
UnitedHealth Group Inc. (NYSE:UNH): UnitedHealth has declared a 28 cents per share quarterly dividend, in line with its previous dividends. It has a forward yield of 1.53 percent that is payable September 24 for shareholders of record on September 13. It has an ex-dividend date of September 11.
MannKind Corp. (NASDAQ:MNKD): MannKind shares are on a tear as the company announced that its Afrezza treatment for Type 1 and 2 diabetes was more effective than insulin and oral therapies in two Phase III trials. Researchers observed a lowering of fasting blood glucose levels and fewer incidences of hypoglycemia. The company expects to submit trial data to the Food and Drug Administration in the fourth quarter.