11 Radar Stocks: Apple Surges 9%, ConocoPhillips Pops 1.8% and Boeing Dips 1.7%

Apple Inc. (NASDAQ:AAPL) shares jumped nearly 9 percent in early Wednesday trading.  The company reported a blow-out earnings report.  Net income more than doubled from $6 billion ($6.43 per share) to $13.06 billion ($13.87 per share).  Shares of Hewlett-Packard (NYSE:HPQ) and Dell Inc. (NASDAQ:DELL) traded lower on the news.

After reporting an increase of 66 percent in earnings, shares of ConocoPhillips (NYSE:COP) increased 1.8 percent.  The company earned $3.4 billion ($2.56 per share), compared to $2 ($1.39 per share) a year earlier.  ConocoPhillips is the third-largest U.S. oil company by market value after Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX).

Apple Coverage:  Piper Jaffray: Apple Should Trade Above $600 a Share.

Abbott Laboratories (NYSE:ABT) shares slipped 1 percent after profits rise by 12 percent.  The company earned $1.62 billion ($1.02 per share).  Revenue also increased by 4 percent to $10.38 billion.

Shares of Motorola Solutions (NYSE:MSI) are attracting attention, after the provider of radios and telecommunications network gear reported a 37 percent decrease in net income.  The company reported a fourth-quarter profit of $184 million.

Boeing Co. (NYSE:BA) shares fell 1.7 percent after offering a weak outlook.  The company reported a 20 percent increase in fourth quarter earnings, but projected per-share earnings of $4.05 to $4.25.  Recent estimates placed earnings per share around $4.96.  Shares of Lockheed Martin Corp. (NYSE:LMT) and Northrop Grumman Corp. (NYSE:NOC) also decreased .80 percent and 1.5 percent, respectively.

Don’t Miss: Boeing Locks Down $11.4 Billion Deal With Norwegian Air.

To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com