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Eyes on Apple after Veto; JetBlue Changes Course; A-Rod vs. Armstrong et al

Hot Stock Minute

Stocks are starting the week at another record high. The Dow ended the regular session on Friday at 15,658. Meanwhile, the S&P rose to 1,709, up 6% since July 1st. As for July, Reuters reports investors poured a record $40.3 billion dollars into U.S. equity mutual funds and ETFs. The move follows a record $69-billion move out of bonds in June, due to predictions of rising interest rates. Even with the shift to stocks, the majority of money removed from bonds has gone into cash.

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There's lots of light being shined on Apple (AAPL) this morning, but how is the stock doing reacting to White House intervention? Shares have been up nearly 1% for much of the morning. The rise comes after the Obama administration vetoed a trade ruling that banned the sale of some iPhones and iPads. How big of a deal is this for the company, and what are the implications for the Samsung which is on the losing end of this decision? Yahoo! Finance Senior Columnist Mike Santoli has more in the video above.

Vote in today's Hot Stock Minute poll: Was Obama Administration veto of Apple ruling right or wrong?

JetBlue (JBLU) will announce plans today to start offering luxury service. The discount carrier is expected to reveal that it's retro-fitting jets with lie-flat beds, and suites with sliding doors. The new seats will start popping up on planes next spring, initially on flights between New York and California. The change is an admission of sorts by JetBlue that it has been missing out on the most profitable segment of the airline market.

Denzel Washington and Mark Wahlberg are still the big guns at the box office. The buddy cop movie "2 Guns" was top gun at multiplexes, taking in $27.4 million dollars for its distributor Universal Pictures which is owned by Comcast (CMCSA). The film crushed a bunch of tiny blue creatures. We're talking the Smurfs sequel which came in third for Sony (SNE). What was second? The Wolverine.

STOCKS TO WATCH

Tyson Foods (TSN) has been up as much as 5% in early trading on its earnings which were released this morning. The company easily beat estimates for the quarter: 69-cents a share, when expectations had been for 60-cents. They were 50-cents a year ago. As for revenue, it came in at $8.73 billion, also beating the consensus. Tyson says its chicken unit has surged to record earnings. Meanwhile its beef division has been on the rebound. The stock is up 43% year-to-date. It has more than doubled in price over the past year, and set a new record-high at the close on Friday.

CBS (CBS) is embroiled in a cable fray with Time Warner Cable (TWC). On Friday, the cable giant began blocking CBS and its networks including Showtime amid a fee dispute. At this point, there's no resolution in sight, with the sides giving conflicting reports about whether they're even negotiating. CBS is up 39% year-to-date, following a fractional retreat on Friday from that record high. For its part, Time Warner Cable is up 18-percent in that time.

Sticking with the cable guys, Charter Communications (CHTR) rose on Friday following reports that it's in talks with Cox Communications, a larger, privately held competitor. At this point, details of a proposal remain unclear, including which company might acquire the other. Shares of Charter are up 72% year-to-date. On a related note, Cablevision (CVC) CEO James Dolan tells the Wall Street Journal, the future for cable companies now lies in broadband, and there could come a day when his company stops offering TV altogether.

Finally Jamba (JMBA) reports after the closing bell. It's been down as much as 4.3% since Friday's close. But it rose 4.6% during the regular trading day to make for a weekly gain of more than 6%. Jamba has more than 800 juice stores in its chain. About 40% of them are company-owned and the rest are franchised. Analysts are looking for the company to post earnings of 37-cents a share up from 25-cents a year ago on revenue that's risen to more than $70-million.

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