Apple Chief Denies Depression-Era Mentality and 3 Hot Stocks to Follow
Newcastle Investment Corp (NYSE:NCT): Current Price $10.74
Newcastle Investment Corp (NYSE:NCT) prices its public offering of 20 million shares of its common stock for proceeds of about $209.6 million. Profits are expected to be used for general corporate purposes and a variety of investments. The offering will close on February 15, 2013, with the underwriters having an option to purchase another 3 million shares within 30 days.
American Capital Mortgage Investment Corp (NASDAQ:MTGE): Current Price $25.72
American Capital Mortgage Investment Corp (NASDAQ:MTGE) prices its public offering of 20 million shares of common stock for gross proceeds of about $513 million and proceeds are expected to be invested in targeted assets such as mortgage related investments. The offering will close on February 15, 2013, while the underwriters have an option to purchase another 3 million shares within 30 days.
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Apple (NASDAQ:AAPL): Current Price $472.33
Apple (NASDAQ:AAPL) chief Tim Cook, quoted when speaking at the Goldman conference, answered (predictably) the first question regarding the company’s cash: “Apple doesn’t have a depression-era mentality.” He points to Apple’s massive investments in CapEx and plans to return $45 billion to shareholders through a combination of dividends and buybacks. “It’s an incredible privilege where we can seriously consider returning additional cash to our shareholders. The management team and the board are in very active discussions. That’s what our shareholders want.”
Fox Networks (NASDAQ:NWS): Current Price $28.81
Fox Networks (NASDAQ:NWS) and Comcast Corporation (NASDAQ:CMCSA) agree on a new distribution arrangement that will deliver Fox’s content covering entertainment, sports and local news to nearly 22 million Comcast Xfinity TV customers on their computers, smartphones, tablets, gaming consoles and televisions. Though financial terms were not disclosed, the agreement maps out collaboration on new multi platform offerings to take advantage of new technologies and programming during the currency of the deal.