Apple Expects Boost From China and 4 Hot Stocks Changing Hands
Conns Inc.’s (NASDAQ:CONN) guidance includes same store sales up between 13%-16%, five new store openings, and a retail gross margin of 34.5%-35%.
Bank of America (NYSE:BAC): According to The Wall Street Journal, Bank of America has decided to postpone checking account fees until late next year to eliminate a replay of last year’s anger by consumers over bank charges. The banking company is in the middle of a review of their retail banking operations and is trying to find ways to cut costs and raise revenues.
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Apple Inc. (NASDAQ:AAPL) said that on December 14, the iPhone 5 will be available in China. This is positive and should help sales in the December quarter. However, in the same press release, Apple mentioned that the phone is currently only available in 47 countries now, but by the end of the year, it may be available in 100 countries.
Facebook, Inc. (NASDAQ:FB): Text messages turn 20 today and their use may rise to 40% by 2016, even as mobile-phone owners increasingly rely on Facebook Inc. and WhatsApp to communicate.
AT&T, Inc. (NYSE:T) donated $20,000 to the American Heart Association’s Charlotte chapter, the largest donation thus far to the organization’s 2013 campaign. The donation will go to the association’s “My Heart My Life” campaign, a movement to teach people how to become more physically active and make better food choices to prevent heart disease.
Don’t Miss: Apple is Going Big With the iPhone 5.