Hot Stock Minute

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  • Stocks to watch: AAPL, FB, CAT, DNKN, AMZN, GM

    Deirdre Hughes at Hot Stock Minute32 mins ago

    Apple (AAPL) and Facebook (FB) delivered some welcome earnings surprises after the close Wednesday. Apple shares were surging in the pre-market after the company came in well ahead of Wall Street expectations on strong iPhone sales. iPad sales were weaker. Apple also announced another $30 billion share buyback and a huge 7-for-1 stock split that has some speculating the company could be positioning itself as a potential Dow component.

    Meanwhile, Facebook was also sharply higher in pre-market trading after the company reported better-than-expected results on strong ad revenue. Facebook said profits nearly tripled on a 72% increase in revenue.

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  • Stocks ended the day down after mixed earnings and housing market news

    Dean Arrindell at Hot Stock Minute17 hrs ago

    The Dow (^DJI) ended the day down 0.08%, The Nasdaq (^IXIC) was down 0.83% and the S&P 500 (^GSPC) was down 0.22%.

    A disappointing report on the housing market overshadowed some upbeat earnings report. New home sales in March fell 14.5% from February to an annual rate of 385,000, the lowest level since July. That was well short of the 450,000 economists were expecting. The Northeast was the only region to see the pace of sales pick up in March.

    Median home prices rose to $290,000 in March, up 12.6% over last year.

    In corporate news, Delta Air Lines shares (DAL) were up 6.07% after it reported earnings per share of $0.33 which beat estimates of $0.29 a share.

    Shares of Gilead Sciences (GILD) were up 1.39% on news strong sales of its Hepatitis C drug Sovaldi which helped it beat earnings forecasts by wide margins.

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  • Earnings and big pharma deals drive stocks up

    Deirdre Hughes at Hot Stock Minute1 day ago

    Stocks ended the day in the green. The Dow (^DJI) was up 0.40% The Nasdaq (^IXIC) up 0.97% and the S&P 500 (^GSPC) up 0.41%. Investors had a lot of news to digest with upbeat earnings reports from Netflix (NFLX), Comcast (CMCSA) and Harley-Davidson (HOG), a miss from McDonald’s (MCD) and a flurry of pharmaceutical deals.

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