Apple Slips After Earnings, P&G Floats Euro Bonds, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): Despite positive commentary, Apple closed lower on Tuesday as investors chose to make off with profits following a 26 percent run-up, rather than load up on more. Even Salesforce CEO Marc Benioff weighed in, predicting that Apple’s new retail chief and former Burberry CEO, Angela Ahrendts, will be Apple’s next CEO. Benioff believes Ahrendts is “the most important hire Tim Cook has ever made.”
Procter & Gamble Co. (NYSE:PG): Proctor & Gamble has become the latest in a string of American companies offering euro-based debt as it launches a 750 million-euro bond with a coupon rate of 2 percent and a maturity date set for eight years.
JetBlue Airways (NASDAQ:JBLU): JetBlue has delayed the delivery of some of its Embraer jets as the airline puts in an order for 35 Airbus SAS aircraft valued at $4 billion in order to put more focus on larger and more efficient planes. The Embraers — JetBlue’s smallest in operation — will now arrive in 2020-2022 instead of 2014-2018, as JetBlue is working to lower its expenses by adding the single-aisle Airbus planes that consume less fuel and carry more people than the Embraer E190s, Bloomberg reports.
CBS Corp. (NYSE:CBS): Executives with the network have revealed that CBS is planning to launch a 24-hour news channel that would be streamed online and would mainly repurpose video and reporting already produced by CBS News in a bid to help spread out news-related costs. Additionally, the Web-based content could potentially reach those who are not home to watch the nightly news segments; CBS Corp. spokesman Dana McClintock said the company is “currently talking to a number of partners” about a potential streaming news service. “There are all kinds of exciting opportunities offered by new platforms, and we intend to keep pursuing them,” he added.
Barnes & Noble Inc. (NYSE:BKS): Barnes & Noble has revealed its new flagship e-book reader, priced at $119 and called the Nook Glowlight. The Glowlight weights a meager 6.2 ounces and features a display similar to that of the Kindle Paperwhite; so far, reviews have been positive, with The Verge saying that the device is lighter, faster, and full of ideas. CNET says that the device gives the Paperwhite a run for its money.