Apple Gets Put on HOLD and 3 HOT Stocks to Watch
Brown-Forman (NYSE:BF.B), one of the largest American-owned companies in the wine and spirits business, reports an FQ1 EPS of $0.69 which beats by $0.07. However, revenues of $878.1 million miss by $14 million though up 4 percent year on year.
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Unfazed by troubles in Europe, GM (NYSE:GM) eyes Russia, one of the fastest growing markets in the world, and plans to invest $1 billion in the country over the next five years. Part of those funds will go to enhancing capacity at GM’s three existing plants in Russia, according to executive Tim Lee.
Follow-up after last week’s landmark patent suit: On December 6, Judge Judy Koh will consider Apple’s (NASDAQ:AAPL) application for a permanent ban in the U.S. on sales of eight of Samsung’s (SSNLF.PK) smartphones, after allowing the latter three months to dispose of pending stocks of the devices. Judge Koh may hear Samsung’s plea to lift the injunction on the sales of its Galaxy 10.1 tablet on September 20, after the South Korean electronics giant won a partial victory on the tablet in its patent dispute with Apple.
Here are more details on Heinz’ (NYSE:HNZ) first quarter results. Better prices, a favorable tax rate, a boost in emerging market businesses and a better show in Australia and the U.S. help net profit grow by 14 percent to $258.03 million. However currency headwinds knock sales by 5.6 percent. The company stands by its guidance of EPS of $3.52-$3.62 for 2013 compared to market consensus of $3.51.
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