Apple Reigns As King and 2 High Demand Stocks Making Rounds
Apple Inc. (NASDAQ:AAPL): Now, in its fourth iteration in two years, the Apple iPad will continue to lead the market. The Apple iPad (4th Generation) features top performance, a large screen, a surprisingly good camera, fast Wi-Fi, and a large array of apps.
Lions Gate Entertainment Corp. (NYSE:LGF): Lions Gate Entertainment Corporation recently posted robust Q2 2012 results. The quarterly earnings of 53 cents a share greatly surpassed the Zacks Consensus Estimate of 8 cents, and earnings witnessed a significant improvement from losing 27 cents that were reported in the same period during the previous year. Lions Gate’s strong performance in the quarter was due to its solid double-digit growth in revenue, mainly resulting from healthy box office results and home entertainment revenue. Total revenue saw a 97 percent rise year over year to $707.0 million, also surpassing the Zacks Consensus Estimate of $619.0 million. These positive results are due to a strong response at the box office from the films like ‘The Possession’, ‘The Expendables 2’, ‘Step Up Revolution’ and ‘Madea’s Witness Protection’, and because of strong performance at home entertainment through the global blockbuster ‘The Hunger Games’. Additionally, the revenue was boosted by healthy growth in the revenue of international market.
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Facebook, Inc. (NASDAQ:FB): Mail.Ru, Russian email-to-social networking group, reduced its stakes in U.S. internet firms Groupon, Facebook, and Zygna, according to the its website. Currently, Mail.Ru has a 0.52 percent stake in Facebook, 0.16 percent in Zynga, and 0.84 percent of Groupon. As of October 30, Mail.Ru had a 1.17 percent stake in Zynga, a 0.75 percent stake in Facebook, and a 4.12 percent of shares in Groupon.
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