7 Early Buzzing Stocks: Chesapeake Rebounds 2%, New iPhone With Larger Screen?
After large gains earlier in the week, shares of Chesapeake Energy Corp. (NYSE:CHK) bounced 2.15 percent higher before the opening bell. The natural as giant has been dealing with CEO disclosure issues, which includes Aubrey McClendon running a secret $200 million hedge fund.
Apache Corp. (NYSE:APA) shares declined 2.19 percent in early trading. The company announced that first-quarter earnings declined to $797 million, compared to $1.13 billion a year earlier. The quarter also included a $390 million write-down due to lower-than-expected natural gas prices in North America.
Apple Inc. (NASDAQ:AAPL) shares edged .64 percent higher early Thursday. The iLounge reports the new iPhone will be taller but not wider and display a 4 inch screen as opposed to the 3.5 inch screen on the iPhone 4S. Apple has not confirmed the details.
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Shares of Macy’s Inc. (NYSE:M) dropped more than 2 percent before the opening bell. The clothing retailer reported April same-store sales increased 1.2 percent, falling below estimates of 1.9 percent. Total sales at Macy’s for the four weeks ended April 28 gained 0.4 percent to $1.93 billion.
Amazon.Com Inc. (NASDAQ:AMZN) shares dipped .49 percent lower in early trading. The world’s largest online retailer recently found out that Target (NYSE:TGT) will no longer carry its Kindle product line. Target shares fell almost 2 percent.
Sara Lee Corp. (NYSE:SLE) shares fell more than 1.4 percent in pre-market trading. The global consumer-goods company reported fiscal third-quarter earnings of $123 million, compared to $185 million a year earlier. Sara Lee reported adjusted net income of 20 cents per share. By that measure, the company fell short of mean estimate of 25 cents per share.
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