Hot Monday Stocks: BofA, Apple, Facebook, AT&T, Nokia
Bank of America (NYSE:BAC) appointed veteran Merrill Lynch banker Wadih Boueiz and Hakim Karoui, formerly with Citigroup (NYSE:C), and they will be co-heads for its corporate and investment banking business located in the Middle East and North Africa, according to Reuters.
Apple Inc. (NASDAQ:AAPL): Notebook shipments saw a drop of 4.5 percent sequentially during Q3, according to DigiTimes. DigiTimes Research senior analyst Joanne Chien claims that the fall was a result of the slowing of the economy, inventory adjustments in retail channels, and consumers’ patience for the anticipated Windows’ 8 launch.
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Facebook, Inc. (NASDAQ:FB) just topped 1 billion members, but it may have competition. Three additional competitors showed their faces last week taking a jab at Facebook, whose broad audience and services could be unappealing to consumers who are interested in specialized content. Pheed and CyPop were launched, and even Myspace made a comeback. Each have a unique approach to social networking, but a few analysts believe that these sites may end up cannibalizing each other.
AT&T, Inc. (NYSE:T) has decided to continue its relationship with Fiserv (NASDAQ:FISV), and it has signed a multi-year, sole provider agreement for its CheckFreePay, walk-in bill payment service. The contract lengthens the walk-in bill payment capabilities for Wireline customers into 13 more states.
Nokia Corporation (NYSE:NOK) first Windows Phone 8 handsets, the Lumia 920 and Lumia 820, will be released in Europe beginning on November 1. Vodafone Germany stated on Facebook that it intends to begin selling both the 920 and 820 on the first.
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