Apple Dips on Q4 Concerns and 4 Hot Stocks Demanding Attention
Bank of America (NYSE:BAC): Current Price: $11.61
According to Bank of America, it originated $846.2 million in small business loans in Florida during 2012. This represents a 45 percent rise compared to 2011, outpacing its national growth of a 28 percent increase to $8.7 billion.
Apple Inc. (NASDAQ:AAPL): Current Price: $460.09
Shares of Apple have faced tough trading on Thursday, which is consistent with Wednesday’s sell-off in after hours trading, as the Street faces disappointment and concern regarding Apple’s financial results for the fiscal first quarter that ended in December. Although profits were very close to consensus estimates during the quarter, revenues did not reach expectations, as sales of iPhones, iPads, and Macs missed Street projections. Also, Apple’s March quarter guidance came in well below Street expectations.
Facebook, Inc. (NASDAQ:FB): Current Price: $31.18
Google, Facebook, and Twitter have made the decision to locate their European bases in Dublin, and this opens the internet giants up to EU defamation and privacy laws like never before, according to a libel lawyer. Additionally, Google and Facebook’s presence in Ireland will allow lawyers to sue the companies on behalf of clients that are abused by anonymous bloggers and tweeters, claims Paul Tweed, the Belfast-based libel expert.
AT&T, Inc. (NYSE:T): Current Price: $34.01
A number of AT&T U-verse customers have found difficulty accessing Facebook online since the beginning of the week. The company has experienced these outages since Monday, and it blames the issue on a U-verse server problem. Although AT&T has been “working hard to fix” it, customers spanning several southern states, including Louisiana, Kentucky, Texas, Georgia, Tennessee, Florida, and Arkansas, have been without TV, Internet, and phone service.
Nokia Corporation (NYSE:NOK): Current Price: $4.42
Nokia predicts that its Devices & Services non-IFRS operating margin during Q1 will be approximately negative 2 percent, give or take four percentage points. Nokia still hopes to lower its Devices & Services non-IFRS operating expenses to an annualized run rate of about EUR 3.0 billion by the end of 2013. Nokia predicts that its Location & Commerce non-IFRS operating margin will be negative in Q1 as a result of reduced recognized revenue from internal sales, which carry higher gross margin, and by a negative mix shift within external sales.
Investing Insights: Here’s Why Apple Investors are Moving to iSell Mode.