Apple Scores a Legal Win, GM’s Plans for the Escalade, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): Apple scored a win on Tuesday when the White House refused to veto a ban on older devices made by Samsung. The ITC ban was deemed to have infringed on Apple’s patents, while the White House will likely argue that the Apple patents “weren’t standards-essential, and the Samsung patent was.” Despite the uproar regarding the recent patent suits over Samsung’s older devices, the ban won’t affect the company’s latest phones, and it’s unlikely that the ban will have a significant impact on Samsung’s sales.
General Motors Co. (NYSE:GM): Just a day after revealing the new 2015 Cadillac Escalade, GM has stated that it is considering putting the “Escalade” name onto other Cadillac vehicles, due to the strong loyalty that the brand inspires, and in effect creating a sub-brand within Cadillac, Bloomberg reports. “We can increase the volume that we’re doing now,” Bob Ferguson, head of Cadillac, said. “Escalade puts an exclamation point on the end of the brand.”
Fusion-io, Inc. (NYSE:FIO): Fusion-io — fresh off a stock surge last month, after a deal between Western Digital and Virident spurred speculation of merger and acquisition activities — is trading up again, presumably on the same M&A fuel. Seeking Alpha notes, though, that as of September 13th, about 23.4 percent of Fusion-io’s stock was shorted.
Google Inc. (NASDAQ:GOOG): Despite its high-end internals, Google’s 16GB version of LG’s Nexus 5 will sell for an unsubsidized price of just $299, Phone Arena reports. This could be a game changing development if it plays out, as the high-end equivalent phones from Samsung, Sony, and others tend to run some $500 or more. The phone also reportedly packs a 1080p display, 2GB of RAM, and a Snapdragon 800 clocked at 2.3GHz, among other goodies.
Netflix (NASDAQ:NFLX): Netflix shares have lost some steam, dropping below $300 during a general selling off of Internet-based stocks. Netflix, which has been driven by some heavy momentum, was somewhat expected to run into increased volatility while Washington gets its act figured out, Seeking Alpha observes.