Morning Market Movers: Watch These Stocks to Lead Early Trading
1) Apple (NASDAQ:AAPL) is down .34% this morning. According to WSJ the top flight smart phone makers have placed orders for key parts of their new iPhone (or one of the two) to be released this fall. Chips supplied by Qualcomm (NASDAQ:QCOM) will operate the phone on a wireless broadband network. For some encouraging stats on Apple’s sales, especially the company’s death grip on the tablet market, check out our feature from yesterday here.
2) Citigroup (NYSE:C) also down .68% in premarket moves on news that Berkshire Hathaway (BRK), Leucadia National Corp (NYSE:LUK) and others are expected to place bids for the company’s CitiFinancial segment, which could be worth up to $8 billion.
3) Bank of America (NYSE:BAC) shedding 1.64% before the opening bell on news that a group of 11 bond investors will convene to challenge a settlement the bank reached last week for $8.5 billion. MW says the group called the terms of the proposed deal “inadequate.” These aren’t the first private investors on board the BofA criticism ship (for recent settlements) as last week recall that John Paulson, the bank’s eigth largest shareholder, reportedly criticized the Bank’s decision to settle for $14 billion on a mortgage related securities issue.