Apple Blows By Expectations, Iranian Sanction Waiver a Positive for BP, and 3 More Hot Stocks

Apple Inc. (NASDAQ:AAPL): Shares of Apple are once again flirting with $500 as the company reported that it sold 9 million iPhones in the opening weekend of the 5S and 5C. While record breaking — and nearly double several analyst estimates — that’s only part of Apple’s stock show on Monday: More than 11 million unique listeners have already used iTunes Radio, while it looks like Apple’s September quarter guidance will hit the high end for revenue and margins, according to its 8-K filing.

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BP (NYSE:BP): The lifting of international sanctions on the North Sea’s Rhum field, jointly owned by BP and the National Iranian Oil Co., could be getting closer, as tensions between the West and Iran seem to be easing. The field provided roughly 5 percent of the U.K.’s gas output before production was suspended in 2010, putting BP in a significantly beneficial position if the ban is lifted or waived.

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JPMorgan Chase (NYSE:JPM): No sooner than JPMorgan settled one of its numerous settlements that the Massachusetts Attorney General is reportedly scrutinizing the bank over its debt-collection practices, adding another inquiry by 13 states into JPMorgan’s conduct and that of other companies over debt collection.

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Teva Pharmaceutical Industries (NYSE:TEVA): After Teva sued Mylan (NASDAQ:MYL) for infringing on its intellectual property, a court has upheld the validity of Teva’s patent that covers methods of treating Parkinson’s disease. Teva expects the court to prevent Mylan from launching its generic version of Azilect until Teva’s patent expires in 2017; Teva has also filed a lawsuit suit against Sandoz, which has agreed to abide by the verdict in the case against Mylan.

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Petroleo Brasileiro S.A. (NYSE:PBR): Brazil’s government is willing to finance Petrobras’s participation in the October 21 auction of the Libra oilfield, as well as assisting to pay for the large investments that the state-run company is required to make in Libra under a 2010 Brazilian oil law, Seeking Alpha reports. The government is contemplating an increase to Brazil’s fuel prices, reducing dividends on the government’s shareholding in PetroBras, and changing the terms of a 2010 oil-for-stock swap.

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