Hot Stock Minute

Facebook debuts on the S&P; Apple and China Mobile strike deal; Tiffany & Co. to pay damages

Facebook (FB) joins the S&P. Apple (AAPL) strikes a deal in China. And Tiffany and Co. (TIF) has been ordered to pay damages. These are three stocks the Yahoo Finance team will be watching today.

First up, Facebook, which sees its first day of action today as part of the S&P 500. Shares for the company are up more than 10% since the announcement the stock would be added to the index. For the year Facebook stock has just about doubled in price.

Next Apple, which as we reported, has reached a deal for China Mobile (CHL) to carry the iPhone and bring Apple to millions of new customers in China. For the year, Apple stock is pretty much right where it started back in January, with shares remaining flat. But it's been on a ride during the year, rallying 36% since July.

Finally, Tiffany & Co.was ordered by the Netherlands Arbitration Institute to pay $450 million in damages to Swiss watchmaker, Swatch Group, both companies said yesterday. The companies formed a 20-year alliance back in 2007 to expand Tiffany brand watches globally. The alliance ultimately failed and ended in 2011 with Swatch citing a breach of contract. Swatch claimed Tiffany moved too slowly to launch and promote the new brand formed under the alliance. Because of the ruling, Tiffany has lowered its full-year earnings outlook. The new range is $2.30 to $2.35 a share, down from previous estimates of between $3.65 and $3.75 a share. For the year, Tiffany is up close to 50%.

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