8 Early Radar Stocks: Apple Falls 1% as New iPad Hits Stores, Clearwire Pops 3%

Apple Inc. (NASDAQ:AAPL) shares declined 1 percent in early Friday trading.  The tech giant’s new iPad goes on sale today.  Apple stores in 10 countries opened at 8 a.m. today to large crowds of iFans.  The new iPad is also being sold at retailers like Best Buy Co. (NYSE:BBY) and Wal-Mart Inc. (NYSE:WMT).

Steel Dynamics, Inc. (NASDAQ:STLD) shares dropped more than 1 percent before the opening bell.  The company lowered first quarter guidance to 15 cents to 20 cents earnings per share, compared to a consensus of 36 cents.

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Shares of Clearwire Corp. (NASDAQ:CLWR) popped almost 3 percent after Sprint (NYSE:S) decided to terminate its spectrum hosting agreement with LightSquared.  The company said the decision was due to interference issues.

Sina Corp. (NASDAQ:SINA) shares fell more than 2 percent this morning.  There is widespread frustration with new regulations requiring Weibo users to register their real names.  The company has only added 19 million users out of a base of 300 million.

After reporting a better-than-expected recent quarter due to the popularity of Hunger Games books, shares of Scholastic Corp. (NASDAQ:SCHL) increased 1.4 percent.

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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

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