Heavy Hitters: Herbalife Jumps 5%, Speculation Builds for Apple’s iPhone 5C
Shares of CF Industries Holdings (NYSE:CF) surged nearly 12 percent Monday and continued to edge higher in late afternoon hours. Dan Loeb’s Third Point hedge fund disclosed a new position in the company, and believes CF Industries should be paying a bigger dividend to investors.
Anadarko Petroleum (NYSE:APC) shares edged slightly higher in late afternoon trading. The company posted earnings of $1.05 per share, topping estimates calling for 91 cents per share. “We continue to have exceptional performance from our portfolio, as evidenced by the results delivered in the second quarter of 2013,” said Anadarko Chairman, President, and CEO Al Walker. “Our U.S. onshore activities delivered year-over-year oil growth of 25 percent, averaging approximately 97,000 barrels per day during the quarter.”
Herbalife (NYSE:HLF) shares jumped more than 5 percent in late afternoon trading. The company reported better-than-expected quarterly financial results, and also raised its outlook for the year. Herbalife’s revenue increased to $1.22 billion in the second quarter, compared to $1.03 billion a year earlier. Adding insult to anyone short shares, the company also approved a 30-cent dividend.
Shares of Apple (NASDAQ:AAPL) gained 1.5 percent on Monday and continued to attract attention in late afternoon hours. Another leaked image relating to Apple’s upcoming budget iPhone, or “iPhone Lite,” has emerged online. Like many other previous leaks, this latest image comes courtesy of the China-based WeiPhone forums via Apple Insider. The image shows a bin full of white, plastic iPhone packaging that is labeled “iPhone 5C.”
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