Herbalife Reveals Distributor Compensation Details and 3 Morning Hot Stocks Trading Now

Sony Corp (NYSE:SNE): Current Price $15.37

Sony Corp (NYSE:SNE) is likely to introduce touch panel controls and social networking features in the new PlayStation 4 home gaming console that it plans to release later this year, says Reuters, quoting Japan’s Asahi newspaper. The PlayStation 4 would be the successor to the highly popular PS3 that debuted over six years ago. Details of the the new PS4 would probably be unveiled at a PlayStation meeting scheduled in New York on February 20 and the device will probably retail for $430.

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Alcatel Lucent (NYSE:ALU): Current Price $1.76

Alcatel Lucent (NYSE:ALU) reports a full year net loss of €1.37 billion, or $1.85 billion, after sales fell off in Europe and China, and the company booked a non-cash charge of €1.4 billion “related to the deposition of goodwill and fixed assets and the corresponding impact on deferred tax.” Fourth quarter sales were down 1.3% year-on-year to €4.1 billion. Full-year sales, at €14.45 billion, were lower by 5.7% compared to 2011. Full-year operating profit was €117 million. The company skipped a dividend and showed the door to its CEO, Ben Verwaayen, who will step down once a successor is found.

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Costco Wholesale Corp (NASDAQ:COST): Current Price $102.05

Costco Wholesale Corp’s (NASDAQ:COST) comparable sales in January rose 4% versus consensus expectations of 3.9%, even though there was one less sales day during the period. Net sales during the five-week period ended February 3 rose 7% to $9.35 billion.

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Herbalife Inc (NYSE:HLF): Current Price $36.55

Herbalife Inc (NYSE:HLF) reveals information on the compensation it paid during 2012 to its entire US distributor network. 88% received no payments, with 71% not recruiting any other distributors. The company admitted that about 73% of its distributors aimed to get a discount of the company’s products rather than to earn money by selling them. The company’s disclosure of figures comes amidst criticism of its business model by hedge fund manager Bill Ackman, who calls it just a “well-managed pyramid scheme.” Other hedge fund luminaries such as Third Point’s Daniel Loeb and Carl Icahn are ranged opposite him.

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