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Apple Hits 2013 High; Wal-Mart and Target in Focus; Krispy Kreme to Report

Dan Berman
Hot Stock Minute

pple (AAPL) will open this morning at its highest point in 2013. Business has been brisk at Apple stores, especially on Black Friday when the company was giving out gift cards with the purchase of devices like iPads. There's also word that Apple products accounted for 22% of Target's sales on Black Friday. And the mini was said to be Wal-Mart's top-selling item. The question now: can Apple shares hit a new 52-week high? They're still down 5% in the last year.

It will also be interesting to watch Wal-Mart (WMT) and Target (TGT). Shoppers were quite literally fighting to get inside WalMarts around the country on Thanksgiving. Doorbuster deals on TVs had people pushing and shoving each other for merchandise. There was also a stabbing in Virginia over a WalMart parking spot. And in Vegas, a Target shopper was shot in the leg trying to recover a big screen TV which was stolen from him in the store parking lot. Those incidents notwithstanding, Wal-Mart says it expects this year's sales to exceed last year's. Wal-Mart is currently at its 52-week high, up 17% year-to-date. Target is up a more modest 9% after a drop on its last earnings report. Target reported traffic and sales on thanksgiving day were among the highest the retailer has seen.

Krispy Kreme Doughnuts (KKD) is just what your waistline needs after Thanksgiving, right? But the company will be reporting after the closing bell. Krispy Kreme is expected to show that it earned 15-cents a share, up from 12-cents a year ago on revenue that’s just shy of $115-million. The stock is up a whopping 160% so far this year. And it has been climbing steadily since its last report three months ago. Krispy Kreme has been getting a number of upgrades. One analyst pegs same-store sales rising more than 8%. That's largely on a new push into coffee products. The chain is also expanding into South America.

Shoe Carnival (SCVL) also reports after the closing bell. The retailer seems to have lost its footing with estimated earnings of 53-cents a share, down from 60-cents a year ago. Consensus is also for a drop in revenues. But you wouldn't know it looking at a one-year chart. The stock is up 31% and hit an all-time high on Friday.