RIM and Nike Numbers, Facebook’s New Move, Coca-Cola Analysis: Market Recap

Markets closed down today on Wall Street: S&P: -0.45%, Nasdaq: -0.65%, Dow: -0.36%, Oil: +0.16%,  Gold: -0.34%.

On the commodities front, Oil (NYSE:USO) ticked up to $92.00 a barrel. Precious metals were down with Gold (NYSE:GLD) falling to $1,774.50 per ounce, and Silver (NYSE:SLV) dropping 0.32% to $34.55 per ounce.

Here’s your Cheat Sheet to today’s top stock stories:

Research In Motion (NASDAQ:RIMM) has pulled a couple of surprise punches for investors lately. Just a few weeks ago, headlines were that RIM was dead. Now, on September 28, shares closed up 5.04 percent after surging over 12 percent in morning trading. Here’s a snapshot of the conversation surrounding the company as it went from zero to hero in a matter of weeks.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Facebook (NASDAQ:FB) is mounting competition for companies like Amazon (NASDAQ:AMZN) and eBay (NASDAQ:EBAY) as it takes its first steps toward becoming an e-commerce platform, this week launching a feature for users to buy and send real gifts. Beginning Thursday, Facebook users can purchase and ship products from more than a hundred “Facebook Gifts” vendors. Products include Starbucks (NASDAQ:SBUX) coffee, pastries from New York’s famous Magnolia Bakery, and cookie greetings from 1800 Flowers.

Whale watchers are well aware the largest holding in the Berkshire Hathaway (NYSE:BRKA) portfolio managed by investing titan Warren Buffet is Coca-Cola (NYSE:KO).  Over the years Buffet has amassed $15.7 billion dollars in KO shares, representing an 8.9% stake in the iconic blue chip. For some investors, that is reason enough to gulp down some shares of Coke, but most mere mortals look for reasons to buy beyond Buffet likes it. We analyzed the stock with the relevant sections of our CHEAT SHEET investing framework.

Nike (NYSE:NKE) released its first quarter fiscal 2013 results on September 27. Here are the highlights:

  • Revenues increased 10 percent to $6.7 billion.
  • Net income decreased 12 percent to $567 million.
  • Diluted earnings per share were down 10 percent to $1.23.
  • Worldwide futures orders grew 6 percent.
  • Inventories were up 10 percent.

Don’t Miss: Is RIM a Cinderella Story?