Apple Revamps iMacs, Smithfield Approves Shuanghui Deal, and 3 More Hot Stocks
Apple (NASDAQ:AAPL): Apple announced a revamp to its line of iMacs, a series of powerful, all-in-one, desktop computers. The new line includes 21.5 and 27-inch models with quad core chips, most of which also come equipped with Nvidia GeForce graphics capabilities. The price tag on the models comes in between $1,299 and $1,999 for the new models.
Smithfield Foods (NYSE:SFD): Smithfield approved its buyout by Shuanghui International, representing the largest deal in which an American company has been acquired by a Chinese firm. At a price of $34 per share, the deal is worth over $7 billion. It was approved in a special shareholder meeting held earlier today, and the deal is expected to be implemented in its finalized form by the end of this month.
Carnival (NYSE:CCL): Carnival’s quarterly earnings report brought good news for holders of the stock, with EPS of $1.38 beating consensus estimates by $0.06. The revenue for the third fiscal quarter of this year was $4.72 billion, which matched most expectations.
KB Homes (NYSE:KBH): KB Homes released its earnings report for the third fiscal quarter of this year. Its EPS of $0.30 beat expectations by $0.09, while its revenue numbers, at $549 million, fell short of estimates by around $20 million. In the company’s press release, KB pointed to strong year-over-year growth in sales revenues and prices, noting that their strategic approach to home building, with an emphasis on location, was yielding stellar results.
Chevron (NYSE:CVX): Chevron announced that it will begin to receive bids on three oil blocks in Nigeria starting at the end of this month. The blocks, found near the delta of the Niger River, are expected to fetch between $500-$600 million in revenue for the company. The most likely bidders at the sale of Chevron’s assets are Nigerian firms, which, with the help of state backing and international financing, possess the means to develop the properties effectively.