Dow 13,075: Cisco Leans Up, Investors Dust Off Apple, Facebook’s Face-Plant

Over the past 5 trading days the Dow has risen 253 points, or 1.97% to close beyond 13,000, the S&P 500 has climbed 23.31 points, or 1.71% and the Nasdaq is up 1.12%, or 64.84 points. Here’s your Cheat Sheet to everything important from last week:

Monday

Markets closed down on Wall Street today: Dow -0.79%, S&P -0.89%, Nasdaq -1.20%, Oil -3.83%, Gold -0.39%.

On the commodities front, Oil (NYSE:USO) declined to $88.27 a barrel. Precious metals also declined, with Gold (NYSE:GLD) falling to $1,576 an ounce while Silver (NYSE:SLV) fell 0.29% to settle at $27.01.

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

Apple’s (NASDAQ:AAPL) next iPhone will do away with the wide dock connector used in the company’s mobile devices for years in favor of a smaller one, according to a Reuters report. To some, the move may seem insignificant — it’s not a new Retina screen (the iPhone 4S already has that), or 4G connectivity (the iPhone 4S has that, too) — but it is an innovation that will have a far-reaching impact.

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In other Apple (NASDAQ:AAPL) news, the ongoing patent battle with Samsung is taking a trip down under as an Australian judge on Monday began hearing evidence for an anticipated three-month trial. While the Australian court decision will have no substantial impact in other jurisdictions like Europe or the United States, lawyers say the trial proceedings could reshape the legal strategies employed by Apple and Samsung going forward.

From today’s market on the plus side, Canada’s oil and gas producer Nexen Inc.’s (NYSE:NXY) shares increased 53 percent. The company agreed to be acquired by China’s Cnooc (NYSE:CEO) for a $15 billion cash transaction.

Peet’s Coffee & Tea’s (NASDAQ:PEET) shares rose 29 percent after it announced it will be acquired by Joh. A. Benckiser. The deal is for $73.50 per share, or $1 billion.

On the downside, McDonald’s Corp. (NYSE:MCD) shares declined almost four percent after an unusual decline it its second quarter profit. A lot of this was attributed to a stronger U.S. dollar.

Don’t Miss: The Dow is NOT Lovin’ McDonald’s Right Now.

Tuesday

Markets closed down on Wall Street today:

Dow -0.97%, S&P -1.06%, Nasdaq -1.10%, Oil +0.67%, Gold -0.08%.

On the commodities front, Oil (NYSE:USO) rose to $88.66 a barrel. Precious metals were mixed, with Gold (NYSE:GLD) increasing to $1,578 an ounce while Silver (NYSE:SLV) fell 0.07% to settle at $26.97.

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

BONUS: Apple (NASDAQ:AAPL) earnings are out: The Company posted quarterly revenue of $35.0 billion and quarterly net profit of $8.8 billion, or $9.32 per diluted share. These results compare to revenue of $28.6 billion and net profit of $7.3 billion, or $7.79 per diluted share, in the year-ago quarter. Gross margin was 42.8 percent compared to 41.7 percent in the year-ago quarter. International sales accounted for 62 percent of the quarter’s revenue. The Company sold 26.0 million iPhones in the quarter, representing 28 percent unit growth over the year-ago quarter. Apple sold 17.0 million iPads during the quarter, an 84 percent unit increase over the year-ago quarter. The Company sold 4.0 million Macs during the quarter, a two percent unit increase over the year-ago quarter. Apple sold 6.8 million iPods, a 10 percent unit decline from the year-ago quarter. Apple’s Board of Directors has declared a cash dividend of $2.65 per share of the Company’s common stock.

Amazon (NASDAQ:AMZN) is reportedly looking to expand its Kindle line-up, adding “up to five or six tablets” in different sizes, including a 10-inch tablet to rival Apple’s (NASDAQ:AAPL) iPad, according to a Reuters report. Demos Parneros, president of U.S. Retail for Staples Inc. (NASDAQ:SPLS), which sells Amazon’s Kindle Fire tablet, confirmed to Reuters that Amazon is to introduce up to five or six tablet SKUs, or stock-keeping units.

Court mandated settlement talks stalled last week as Apple (NASDAQ:AAPL) and Samsung couldn’t agree on the value of each other’s patents, according to a Reuters report. Apple chief Tim Cook participated in mediation with Samsung’s Vice Chairman Choi Gee-sung and mobile chief Shin John-Kyun last week in the San Francisco area to see if the two sides could resolve the dispute, which will go to trial on July 30 in a San Jose federal court. According to sources familiar with the matter, a settlement is unlikely to come ahead of the trial.

On this large down day, there were a few bright spots. Sarepta Therapeutics (SRPT) jumped 140 percent to $8.30 after it disclosed positive Phase IIb clinical results for its eteplirsen drug. It is undergoing tests to determine if it can slow the process of Duchenne muscular dystrophy. In the last 30 days, the company’s shares have jumped 115 percent and is up 84 percent year-to-date, reported MarketWatch.

Centene Corp. (NYSE:CNC) rose seven percent after the company reported a second-quarter loss but investors offset the news by looking at its cost reduction improvements and large revenue gain. This came in at $2.1 billion, a 61 percent increase from the previous year’s $1.3 billion.

On the down side, Cisco (NASDAQ:CSCO) fell six percent after it reported late on Monday that it would slash 1,200 jobs. In addition, some analysts believed that with with VMware’s (NYSE:VMW) purchase of Nicira for $1.26 billion, it could threaten Cisco in networking virtualization.

Wednesday

Markets closed mixed on Wall Street today: Dow +0.47%, S&P -0.03%, Nasdaq -0.31%, Oil +0.34%, Gold +1.75%.

On the commodities front, Oil (NYSE:USO) rose to $88.80 a barrel. Precious metals also increased, with Gold (NYSE:GLD) rising to $1,608 an ounce while Silver (NYSE:SLV) rose 0.55% to settle at $27.36.

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

Apple’s (NASDAQ:AAPL) yesterday reported the slowest quarterly growth in two years, the result of more consumers buying the least expensive iPhones and iPads. Revenue and net income posted increases of just over 20 percent, cause for celebration at most companies, but falling short of the breakneck pace investors have come to expect from Apple. It has only come in under analyst expectations twice in the last ten years.

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Symantec Corp.’s (NASDAQ:SYMC) shares jumped 13 percent after the company reported a profit decline of almost 10 percent in the first quarter of fiscal 2013; it saw higher costs compensate for a small revenue increase. Symantec also announced the firing of it chief executive Enrique Salem; Chairman Steve Bennett is his replacement.

BioFuel Energy Corp.’s (NASDAQ:BIOF) soared 47 percent from news that the company had signed an agreement with Gevo Inc. (NASDAQ:GEVO). The two will examine isobutanol production.

On the downside, Netflix Inc.’s (NASDAQ:NFLX) shares dropped 25 percent after the company announced its second-quarter earnings report on Tuesday after the bell. Numbers surpassed analysts’ estimates but shares fell thanks to a loss forecast and the potential for not hitting its new subscribers’ target.

Radio Shack Corp.’s (NYSE:RSH) shares plummeted 30 percent after the company said it incurred a $0.21 a share loss in the second quarter; this came in under analysts’ consensus of $0.03 cents a share profit. Radio Shack noted its business performance was below expectations from the quarter.

Don’t Miss: Nasdaq LOVES Its New Facebook Plan.

Thursday

Markets closed up on Wall Street today: Dow +1.67%,S&P +0.43%, Nasdaq +1.37%, Oil +0.48%, Gold +0.44%.

On the commodities front, Oil (NYSE:USO) rose to $89.41 a barrel. Precious metals also increased, with Gold (NYSE:GLD) increasing to $1,620 an ounce while Silver (NYSE:SLV) rose 0.02% to settle at $27.49.

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

BONUS: Facebook (NASDAQ:FB) said Thursday that it booked a net loss of $157 million, or 8 cents per share in the April-June period, primarily due to stock compensation expenses. That compares with earnings of $240 million, or 11 cents per share, in the second quarter a year ago. Revenue grew 32 percent to $1.18 billion from $895 million a year ago. Adjusted earnings of $295 million, or 12 cents per share.

Don’t Miss: Here’s More EVIDENCE Facebook and Zynga Don’t Give a DAMN About Shareholders.

Facebook (NASDAQ:FB) has reportedly hired a team of former Apple (NASDAQ:AAPLsoftware engineers to help revamp its iPhone app with a major code overhaul. Sources told Bloomberg on Wednesday that four former iOS experts had been hired by Facebook to work on speed and performance enhancements that are expected to be released in the upcoming version of the app for iOS devices.

With stocks in positive territory today, Sprint-Nextel’s (NYSE:S) shares increased 20 percent after reporting its second quarter earnings. For the quarter, it’s loss expanded thanks to the costs from shutting down the Nextel network and additional subscriber exits. On a positive note, the company’s revenue increased more than estimated.

MetroPCS Communications Inc.’s (NYSE:PCS) shares increased 35 percent. The company’s second-quarter earnings jumped 77 percent from spending less per user. Revenue did not meet expectations amid subscriber losses. But MetroPCS backed its full-year guidance and said it remains on track to launch 4G LTE For All by the end of the third quarter.

On the downside, Zynga Inc.’s (NASDAQ:ZNGA) shares tanked 39 percent. The company endured problems with its core Facebook platform for social-games business. It also saw a less than desirable performance from recently purchased “Draw Something” mobile game. This attributed to missing analysts’ expectations and subsequently cutting its full-year forecast.

For the second consecutive day, Netflix Inc.’s (NASDAQ:NFLX) shares dropped. On Thursday, they fell six percent after Wednesday’s 25 percent drop. After reporting its second quarter earnings, it warned it may not hit its domestic subscriber growth targets for 2012.

Don’t Miss: Apple’s New Patent is For This All-Powerful Technology.

Friday

Markets closed up on Wall Street today: Dow +1.46%, S&P +1.91%, Nasdaq +2.24%, Oil +0.97%, Gold +0.46%.

On the commodities front, Oil (NYSE:USO) rose to $90.26 a barrel. Precious metals also increased, with Gold (NYSE:GLD) rising to $1,627 an ounce while Silver (NYSE:SLV) rose 0.28% to settle at $27.73.

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

A London court today granted Apple’s (NASDAQ:AAPL) proposal to postpone a controversial order given earlier this month that would require the company to post a public notice on its U.K. website as well as several British newspapers relaying the court’s ruling that Samsung’s Galaxy tablets do not infringe on the iPad’s design patents. The reprieve will remain in effect until October, when Apple will have a chance to appeal the decision in a British courtroom.

Thanks to Facebook Inc. (NASDAQ:FB) and Starbucks Corp. (NASDAQ:SBUX) shares declining in the double-digits, they activated Nasdaq’s short-sale circuit breakers today (occurs when stocks fall 10 percent or higher from the previous trading session), reported MarketWatch. For the day, Facebook fell 12 percent after reporting its $157 million second quarter loss on Thursday while Starbucks closed down 9.4 percent after announcing its fiscal third-quarter profit increased 19 percent with a disappointing outlook.

Amazon Inc. (NASDAQ:AMZN) had a good day as its shares rose almost 8 percent to close at $237.32 after reporting its second quarter earning after the close on Thursday. The company’s earnings fell from the previous year but its North American sales increased and gross margin at 26 percent was Amazon’s highest level last seen seven years ago.

Expedia Inc.’s (NASDAQ:EXPE) shares jumped more than 20 percent to $54.90. On Thursday, the company announced its second-quarter earnings that exceeded expectations as well as its revenue numbers.

Coinstar (NASDAQ:CSTR) tumbled, declining more than 13 percent to $51.16. After the close on Thursday, the company announced a 38 percent rise in its second-quarter profit from the previous year but reported a weaker-than-expected forecast for the remainder of 2012 thanks to kiosk replacement expenses from NCR.