Facebook SNAGS Apple Innovator and 3 Great Stocks Bounce Back
Facebook, Inc. (NASDAQ:FB) has increased efforts toward newer, innovative products by making former Apple Inc. UI design manager, Chris Weeldreyer, Facebook’s product manager. This surprises many since there no one was aware of a vacancy in the position, making it appear as a poacher’s game. This move indicates that Facebook may be looking to capitalize on Weeldreyer’s skills. Shares of Facebook, Inc. closed 3.80% higher Friday.
Investing Insights: EXCLUSIVE: 8 Reasons Zuckerberg Deserves the Facebook Windfall
AT&T, Inc. (NYSE:T) gained further positive commentary from Oppenheimer analysts Friday. Because of its recent meeting with management, the firm reiterated its Outperform rating and raised its price target to $40. This indicates a 14% upside to the stock’s $35.03 Thursday closing price. Shares of AT&T, Inc. closed 0.40% higher Friday.
Apple Inc. (NASDAQ:AAPL): According to Samsung Mobile UK, anyone purchasing a Samsung Galaxy device will get Easy Phone sync for free. Easy Phone Sync is a new, simple manner in which to transfer all media from Apple’s (NASDAQ:AAPL) iPhone and iTunes; including music, video, podcasts, pictures, contacts, and text messages; to any Samsung Galaxy device including the new Galaxy S III. Shares of Apple Inc. closed 0.77% higher Friday.
Featured Reading: How Much Longer Can the Fed Jawbone Markets?
Bank of America (NYSE:BAC): Since last summer, Credit spreads for major banks have been expanding, which indicates that much of Moody’s downgrade is catch up from last year. Shares of Bank of America closed 1.53% higher Friday.
Nokia Corporation (NYSE:NOK) sees a 41% slash to its projected sales for 2013, by Nomura Holdings Inc. analysts as a result of Microsoft’s (NASDAQ:MSFT) announcement that its Windows 8 Pro mobile operating system will not support Nokia’s Lumia phones. Nomura analysts explains, “An abandoned strategy in feature phones combined with an apparent increase in competitive pressures, in Windows Phone, lead us to cut revenue estimates that the recent restructuring announcement does not fully offset.” This adds to the former cell phone market leader’s problems. Shares of Nokia Corporation closed flat Friday.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.