What’s Moving These Shares January 11th?
1) Verizon (NYSE:VZ): The telecom giant finally ended AT&T’s (NYSE:T) monopoly by unveiling the Apple (NASDAQ:AAPL) iPhone for Verizon. That’s 93 million prospective new customers for Apple. The iPhone will be available on February 10th and will sell for $199.99, while a 32 gigabyte will cost $299.99 (with a two-year customer agreement, of course).
2) Alcoa (NYSE:AA): The aluminum company began earnings season with a nice outlook for the economy. However, some of the underlying metrics have pushed shares down today. Check Out: Here’s Why Alcoa is Selling Off After Earnings >>
3) Tiffany & Co. (NYSE:TIF): The luxury jeweler increased sales 11% over last year, but shares are down after a huge pre-market jump for TIF shares. On a positive note, this holiday season continued to prove the economic crisis has subsided.
4) Apollo Group, Inc. (NASDAQ:APOL): Yesterday for-profit education companies got slammed after Strayer Education (NASDAQ:STRA) disclosed a 20% drop in new enrollments. However, after the bell Apollo impressed investors with better-than-expected earnings. The stock is now popping ~12%. Investors Beware: Apollo said they expect enrollments to drop as the economy improves.
5) SUPERVALU INC. (NYSE:SVU): Shares of the grocer are down 11% to new 52-week lows following a major earnings miss. Supervalu reported a loss of $202 million ($0.95 cents a share) versus a profit of $101 million (51 cents a share) last year. Discount in aisle 3!
Start Off 2011 by Improving Your Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>